soxl: Technical Analysis: Timing the TradeThe best time to enter a trade is the time that the price reaches a daily high or daily low. Adjust your entry time as the market progresses. According to the stats of soxl:Up Trend If the price is up 5%+, the best time to trade is between 1.6 and 1.6 hours before the market close. If the price is up 10%+, the best time to trade is between 1.2 and 0.6 hours before the market close. If the price is up 15%+, the best time to trade is between 0 and 0 hours before the market close.
Down Trend If the price is down 5% or more, the best time to trade is between 3.3 and 3.2 hours before the market close. If the price is down 10% or more, the best time to trade is between 2 and 1.9 hours before the market close. If the price is down 15% or more, the best time to trade is between 1.4 and 1.3 hours before the market close. |