Trust The Levels - Trade Options In ThinkOrSwim

[METAL]

Thanks Metal! Do you, or anyone know if this works well on other timeframes?
Also, I prefer buying and selling shares as opposed to options contracts. Is there an advantage to using options with this strategy besides the obvious ones, instead of shares?

Thanks in advance.

Trading shares work great with this strategy. I know a couple of ppl that trade only shares and use this successfully. Some ppl have said they are doing well using it on the 5m TF.

 

[METAL]

Todays Trades--

MSTR:

PLTR:

SPX

BA

 

[iTrade1986]

Is there a reason indicators don't work for SPX, NDX, etc.? Is that because they have no volume?

 

[METAL]

Is there a reason indicators don't work for SPX, NDX, etc.? Is that because they have no volume?

Because they have no pre market data. I use Spy to trade SPX.

 

[joecmk12]

Can this strategy be used for Futures and Forex Trading? I'm assuming I would have to change the times in the settings.

 

[METAL]

Can this strategy be used for Futures and Forex Trading? I'm assuming I would have to change the times in the settings.

Yes! Traders are using it for futures. Not sure about Forex, but I do not see why not. It basically gives you excellent entries as well as target levels.

 

[METAL]

Todays Trades:

SPX: $2,950.00

TSLA: -$662.00

 

[METAL]

Tuesday 11/19/24

TSLA- $901.00. (2) calls @ 9.75 ea.

UPST- $-212.00 Loss

MSTR

SPX

 

[METAL]

Met my daily 1K Quota with 2nd trade.
Wednesday 11/20/24

SPX

TSLA- Loss of $414.00