TQQQ strat , will watch closely for a potential re entry .

2021년 10월 7일

As my previous idea states I am going to share my re-entry on the TQQQ strat this time .

There is some signs of bullish price action here and looks like we might pull off a wedge pop here soon . A wedge pop is when the price pulls back above the 10/21 ema's .

Personally the entry will be when the price closes above the TQQQ stop will be vs the low of that candle and or the 21 ema . Usually whichever is less . There is another signal too and that's the 50 sma . Which is currently above the 10/21 . I suppose you could participate in both events maybe if you wanted to play it safer you could take a smaller weighted position on this first signal and a larger one on the 50 sma ? Anyways everyone's preferences are their own and its important to know yours to respect risk tolerances .

will update if a position is taken , have set an alert above too ..

2021년 10월 8일

노트

would be great if we could put in a higher low on daily before re-attempting a wedge pop to work some supply out of the pipe first. I think that increases the odds of a successful run and hold above ema's

2021년 10월 14일

노트

I have entered early as a day trade ( normal Strat is on close of daily but we are looking like today will probably rally so I figured I would try to catch an early move as a day trade .. )

I bought at 6.43 after we broke above resistance , paused and continued up ,
fixed 0.5% stop was used

( Will scale out half at 1.5R and try to trend follow the res with a trailing stop off the 10 minute TF ) I am going to keep the trades separate so this is more of a day trade and is not in line with TQQQ trend following Strat (because that needs the close) . I am however using the same account, so if day trade works out I will essentially close the daytrade and open a fresh swing trade on close

2021년 10월 14일

노트

Ok stopped out on the second half of tqqq day trade will likely enter on swing strategy before close today ...we currently have a buy signal , lets see how we look at close ...

1.65% profit realized for now though ...