QQQ MOP TRADE...EVER HEARD OF THAT? TAKE A LOOK!
LET ME INTRODUCE YOU TO WHAT WE CALL THE MOP TRADE!
WHAT IS MOP? (MONDAY OPEN PIVOT)
OUR MODEL TAKES 746 WEEKS OF QQQ DATA AND GENERATES PROBABILITY AND STATISTICS FOR THESE 3 QUESTIONS:
1. WILL FRIDAY CLOSE ABOVE OR BELOW MONDAY'S OPEN?
2. WILL THIS WEEK'S HIGH BE ABOVE OR BELOW LAST WEEK'S HIGH?
3. WILL THIS WEEK'S HIGH BE ABOVE OR BELOW LAST WEEK'S LOW?
WHAT WAS UNIQUE ABOUT LAST WEEK FOR THE QQQ? LAST FRIDAY MARKED THE LOW FOR THE WEEK, BUT THE HIGH/LOW/CLOSE FOR THAT WEEK WAS HIGHER THAN THE WEEK BEFORE!
SURPRISINGLY THAT HAS ONLY HAPPENED 12 TIMES IN 746 WEEKS (1.6%)
WEEK ENDING SEPT 25TH
LOW 260.11
HIGH 273.08
CLOSE 271.56
WEEK ENDING OCTOBER 2ND
LOW 273.44
HIGH 282.88
CLOSE 274.31
NORMALLY WHEN THIS HAPPENS MONDAY OCTOBER 5TH LOW WOULD BE BELOW FRIDAY'S OCTOBER 2ND LOW...BUT MONDAY'S LOW WAS (276.23)... MUCH HIGHER THAN FRIDAY'S LOW (273.44).
OUR MODEL HAS DETERMINED THAT IF FRIDAY OCTOBER 9TH CLOSES ABOVE FRIDAY OCTOBER 2ND FRIDAY WILL BE THE HIGH FOR THE WEEK, AND THIS WEEK'S HIGH WILL BE ABOVE LAST WEEKS'S HIGH (282.88)
NOW OUR MODEL HAD TO ASSESS THE PROBABILITY THAT IF MONDAY'S LOW > THAN FRIDAY'S LOW 273.44...THAN THIS WEEK'S HIGH WILL BE ABOVE LAST WEEK'S HIGH (282.88)
MONDAY WE ENTERED A TRADE ANTICIPATING A TEST OF 282.88...JUST LOOK BACK AT OUR POSTS...YOU CANNOT MISS THAT!
NOW TUESDAY'S HUGE SELLOFF DEFINITELY MADE THIS INTERESTING, BUT LOOK WHERE WE ARE FRIDAY MORNING PRE MARKET...282.55
JUST CLICK FOLLOW AND YOU WILL SEE FOR YOURSELF...GOOD LUCK TODAY!!!
WHAT IS MOP? (MONDAY OPEN PIVOT)
OUR MODEL TAKES 746 WEEKS OF QQQ DATA AND GENERATES PROBABILITY AND STATISTICS FOR THESE 3 QUESTIONS:
1. WILL FRIDAY CLOSE ABOVE OR BELOW MONDAY'S OPEN?
2. WILL THIS WEEK'S HIGH BE ABOVE OR BELOW LAST WEEK'S HIGH?
3. WILL THIS WEEK'S HIGH BE ABOVE OR BELOW LAST WEEK'S LOW?
WHAT WAS UNIQUE ABOUT LAST WEEK FOR THE QQQ? LAST FRIDAY MARKED THE LOW FOR THE WEEK, BUT THE HIGH/LOW/CLOSE FOR THAT WEEK WAS HIGHER THAN THE WEEK BEFORE!
SURPRISINGLY THAT HAS ONLY HAPPENED 12 TIMES IN 746 WEEKS (1.6%)
WEEK ENDING SEPT 25TH
LOW 260.11
HIGH 273.08
CLOSE 271.56
WEEK ENDING OCTOBER 2ND
LOW 273.44
HIGH 282.88
CLOSE 274.31
NORMALLY WHEN THIS HAPPENS MONDAY OCTOBER 5TH LOW WOULD BE BELOW FRIDAY'S OCTOBER 2ND LOW...BUT MONDAY'S LOW WAS (276.23)... MUCH HIGHER THAN FRIDAY'S LOW (273.44).
OUR MODEL HAS DETERMINED THAT IF FRIDAY OCTOBER 9TH CLOSES ABOVE FRIDAY OCTOBER 2ND FRIDAY WILL BE THE HIGH FOR THE WEEK, AND THIS WEEK'S HIGH WILL BE ABOVE LAST WEEKS'S HIGH (282.88)
NOW OUR MODEL HAD TO ASSESS THE PROBABILITY THAT IF MONDAY'S LOW > THAN FRIDAY'S LOW 273.44...THAN THIS WEEK'S HIGH WILL BE ABOVE LAST WEEK'S HIGH (282.88)
MONDAY WE ENTERED A TRADE ANTICIPATING A TEST OF 282.88...JUST LOOK BACK AT OUR POSTS...YOU CANNOT MISS THAT!
NOW TUESDAY'S HUGE SELLOFF DEFINITELY MADE THIS INTERESTING, BUT LOOK WHERE WE ARE FRIDAY MORNING PRE MARKET...282.55
JUST CLICK FOLLOW AND YOU WILL SEE FOR YOURSELF...GOOD LUCK TODAY!!!
Trade active:
QUESTION 3: SHOULD READ "WILL THIS WEEK'S LOW BE ABOVE OR BELOW LAST WEEK'S LOW...OUR APOLOGIES.
Trade active:
OUR OCT 9TH 277 CALLS WE PURCHASED WEDNESDAY @ $2.78
HAS AN OCO ORDER WORKING TO:
SELL LIMIT $7.87 OR SELL STOP @ $6.78
HAS AN OCO ORDER WORKING TO:
SELL LIMIT $7.87 OR SELL STOP @ $6.78
Trade closed: target reached:
SOLD POSITION AT $7.87 SO ROI WITH $2.78 PURCHASE PRICE= 183% ROI