MQP PRESENTS - SERIOUS MONEY PART 1

HEADER - Obviously I am already thinking of a PART 2, so this is part 1.

SUMMARY - This is where we are now, considering price action to close out Friday.

DETAILS - See previous posts for how we got here.

STRATEGY - Leveraged long. More soon.

Nota

NOTES 1 - TRADING AS A CAREER.
I am not here to teach you how to trade. I am here to show my work to the world. With that said, I don't want to be responsible for any noob's losses. If you have less than 5 years of experience, TRADE AS SMALL AS POSSIBLE TO KEEP YOUR INTEREST WHILE YOU LEARN. You cannot learn w/o risking something. BUT YOU DO NOT HAVE TO RISK BIG TO LEARN BIG. Any trader worth their salt will tell you that school of trading the market is like the school of life, EVERYONE WILL PAY TUITION to learn. AND ONLY 2% OF PEOPLE MAKE IT. Do you think you are in that 2%? If you are big doubts, consider quitting before you lose more than you can afford.

NOTES 2 - Specifics as they apply to your situation should be different from mine.
a) I trade one instrument, and nothing else
b) that is GC futures options
c) why do I do that?
d) bc I have like, 3 major trades A YEAR
e) meaning I wait, wait, wait, wait, wait before something major forms and I commit big WITH AN ABSOLUTELY OPEN MIND B/C THERE IS SO MUCH RISK
f) so right now I have calls expiring 8/16
g) I usually don't have a stop, I just have a ratio fund$ in call vs. put
h) right now, I have no puts
i) if you need a stop (relative to this trade) it should be 1932 right now
k) please understand that this is a 10-day trade, not a a 1 day trade

Nota

NOTES 3 - SERIOUS MONEY.
a) some spots are more valuable then others bc of batting average
b) of all my ideas, this is the most serious by far
c) take that FWIW

Nota

NOTES 4 - THROUGH MONDAY NOON ET.
1) I adding long and raising leveragg
2) there's one more spot on Wednesday worth levering more (if your are not in the trade already)
3) I will announce it if I have time

Nota

NOTES 5 - TYPOS, TIME, AND ETC..
1) sorry for all the typos; in NOTES 4, I will be adding to longs and raising leverage...
2) just don't have any time to edit
3) please understand that this is not a paid service where you pay for analysis
4) quite the opposite, bc I pay premium to able to post my ideas for you to read, I don't gain one dime for doing that
5) with the exception of very good r/r I don't post my ideas in chat rooms any more
6) nor do I ask for readers to like, or boost, or spread what I write
7) use at your own risk
8) I am not your money manager
9) I have zero fiduciary responsibility to your trading account
10) at all times I will always put managing my money ahead of your need to be understand why or how things have changed
11) finally if you need a babysitter for your trades, STOP FOLLOWING ME AND GO PAY FOR ONE

Nota

NOTES 6 - Expectations by 8 AM ET before NY opens tomorrow.
1) there is NO reason why 1954 or even 1960 not get hit (and hold for a few hours)
2) if it gets rejected 1951 or lower, THATS VERY FISHY
3) so be aware

Nota

4) continuing...
5) IF we get a higher than 1954 (especially the higher we go)...
6) AND YOU ARE NOT YET LONG...
7) BUY THE NEXT DROP UNDER 1950 IF THERE IS ONE
8) obviously looking like right after NY opens

Nota

9) you will NOT have long to buy the drop
10) price should close near the high FOR 7 DAYS RUNNING (for this setup)

Nota

NOTES 7 - About NOTES 2 FUTURES OPTIONS.
1) they open with spot market Sunday 6pm ET
2) close Friday same time (or 5PM)
3) in out ANY TIME YOU CHANGE YOUR MIND
4) the key is ANYTIME

Nota

4-HOUR LIVE TRACKING
a) breaking above 1946-1947 by 11 PM ET
b) that's the going rate right now

Nota

4-HOUR LIVE TRACKING 8/6 10:55 PM ET
a) 1940.xx more disappointment
b) this only make sense for the slowest route of the boxes at top
c) so what now?
d) nothing overnight
e) nothing Monday in New York
f) the move for 1954-1964 moves to Monday evening
g) 8/15 target above 2090 starting to disappear
h) have not added to longs or raise leverage
i) that looks like Monday afternoon or Monday evening
j) this is also the last possible bull route for 8/15

Nota

k) edit for f), 1954-1959
l) this can change, but it is unlikely now to move early

Nota

m) continuing at 11:19 PM ET
n) is this situation "fishy'"?
o) no, I reconfirmed to make sure
p) just more waiting right now

Nota

MONDAY, 8/7, 9:07 AM ET, 1939.XX
1) more waiting
2) we need to break 1946 and move to 1954-1959
3) the earlier the better
4) we lose another day now, it's hard to see this move breaking 2080
5) we are setup for this move, it just needs to happen
6) in the mean time, I can't add to long or leverage up until move to 1954-1959
7) and check down a second time

Nota

END OF POST - HERE IS DRAFT 2:

MQP PRESENTS - SERIOUS MONEY PART 1, DRAFT 2

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