Short Sell Ibex 35 (Spanish Index)

2018년 11월 11일

Many of the European Indices are entering a bear market (50sma<200sma).
Shorting is difficult this early in a trend because counter-trend rallies can be explosive and rip through your stops.
The TI indicator that Tone Vays uses is brilliant for finding these inflection points when these counter-trend rallies run out of steam.
The Ibex hit a 9 candle inflection and the next candle closed lower.
Potentially we'll go sideways early in the week (I don't like shorting on Mondays/Tuesdays) and after the 4 candle correction we head lower.
A sell order in this vicinity with a stop above the 9, and above the previous TDST line (orange line) as well as the 50 day moving average (how far above depends on your own risk tolerance) presents a good risk to reward ratio if you're targeting the next lows around 8,650.

2018년 11월 18일

액티브 트레이드

Original stop in place, so fartrade in profit but momentum is slow.

2018년 11월 23일

거래청산: 타겟 닿음

Closing half my position here, leaving 0.5R with a trailing stop.
Global equities had a big sell off this week and there should be a bounce coming through. Will see what the chart shows next week.