BUY signal for SOXL all day last Friday, with a nice dip intraday to provide a buying opportunity.
SELL on first red heiken ashi candle.
TP1 is about 6% or $720, where I'll take of 25% of the position if that is hit.
TP2 @ 8%/$733 (25% of position)
TP3 10%/$747 (25% of position)
Strategy Statistics from backtest since SOXL conception (no take profits)
Win%: 56%
Avg Win: 7.3%
Avg Loss: 4.65%
R:R: 1.58
SELL on first red heiken ashi candle.
TP1 is about 6% or $720, where I'll take of 25% of the position if that is hit.
TP2 @ 8%/$733 (25% of position)
TP3 10%/$747 (25% of position)
Strategy Statistics from backtest since SOXL conception (no take profits)
Win%: 56%
Avg Win: 7.3%
Avg Loss: 4.65%
R:R: 1.58
Note
Well that didn't work, rough day across Tech indexes.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.