May 7, 2024
The Open Price Is The Price The Stock/ETF Opened At For The Day.
Everyone wants to use an algorithm for one reason: to increase their odds of beating the market and their probability of winning. Following the OP rule will help you win more trades than you lose.
Whenever you’re about to enter a trade, remember these rules:
If a bullish trade (calls) is opened above the OP, it’s more risky.
If a bearish trade (puts) is opened below the OP, it’s more risky.
HOWEVER! On trend days, we follow the price action, taking calls above OP and puts below.
That’s all there is to it! Burn that into your brain, and we promise you’ll start to win more!
Open Price TradingView Indicator
03/12/24 Case Study:
A bearish trade is opened above the OP and prints money. Later, a bullish trade is opened below the OP and also prints!