Traditional|IBC|Long and shortLong and short IBC
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
Working out the support and resistance levels of the consolidation zone.
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone.
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter.
Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop."
Please consider this parameter if you use my ideas.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
ESP35 trade ideas
IBEX35, sellHow to use TP!
When the order price breaks down Tp1,
you wait for Tp2 and SL moves to Tp1,
so as to secure earnings.
So with Tp2 to Tp3.
When we publish the closing of a position, you close it.
When the order comes to SL, always
consult with us, do not close the order.
Follow your open positions!
ESP35 long setup
ESP35 index we have a nice LONG setup, M formation on daily timeframe we expect pattern to complete at neckline, on the lower timeframes market has just broke above the downtrend line and formed new bullish structure, all other rules are met we can execute long on the retest of the 10 EMA.
ESP35 long setupESP35 we have a nice M formation from a daily perspective we expect the pattern to complete at the neckline. Still to early to look for an entry everything is still bearish on lower timeframes from a indicator and price action perspective we are waiting for a change of environment and a change of market structure on the lower timeframes if market will give us this and our rules are satisfied we can be looking for a nice long.
Here is a 1:2.75 RR trade on the SPAIN 35 IndexI love trades with huge risk reward ratio because if they go our way they make us forget about all the loses we have made trading. Can this one materialize? Let us wait and see.
This index, like others have been trading higher albeit behind others. It has stopped and the stochastic is overbought I just think we will see price retrace to the 50 moving average before we a price continuation.
Entry: Market at around 8342.1
Stop Loss: 8482.9
Profit: 7916.1
#IBEX35: Third COVID-19 wave coinciding with bearish bat patternSome regions of Spain have hardened anti-covid19 measures in order to stop (not even reduce) the contagion. For example, Catalonia's new measures are municipal confinement from the 7th to 17th January, with shopping malls and gyms closed. However, EURUSD getting higher might seduce investors to invest in Spain, a strongly punished market since March 2019.
From a technical perspective, a bearish bat pattern seems to have taken place and I expect the index to close it at 8500 level around January 18.
Happy new year everyone and feel free to comment!
IBEX35 H16: BEST Level to SHORT IT +15%/+30% gains(SL/TP)(NEW)Why get subbed to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
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-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
IBEX35 H16: BEST Level to SHORT IT +15%/+30% gains(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: IBEX35 H16/candle chart review
::: market disconnected from reality
::: huge surce in COVID cases
::: massive lockdowns
::: economy melting down fast
::: bearish fractal in progress now
::: short-term bullish/more gains
::: HOWEVER heavy resistance overhead
::: 8600/9000 points heavy/final resistance
::: get ready to SHORT from overhead
::: BEARS will take over soon
::: lower risk setup is SHORT
::: get ready to SHORT HIGH later
::: once we hit resistance at 8600/9000
::: TP BEARS TP1 +15% gains TP2 +30% gains
::: SHORT/HOLD setup with great risk:reward
::: BEARS TP FINAL is 12 400
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: 8600/9000 reversal level to SHORT IT
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 6200 fresh demand zone
::: 8600/9000 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment outlook mid-term: BEARS
IBEX the growth of Spanish stocksIBEX the growth of Spanish stocks
IBEX35 is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. This index has started in 1992. The index includes 35 Spanish stocks traded on the general index of the Madrid Stock Exchange.
In the 360-minute chart, if we consider the downtrend up to the range of 5814.3 as 5 waves, the price is correcting this downtrend with a Double zigzag pattern which is formed at the end of the X wave, in an Ending Diagonal pattern, if the price crosses through the range of 7018, which is the end of Wave 4 of this pattern , we can be hopeful for the advent of an uptrend for the targets 7654 and then 8456.
On the contrary the assumed range of this analysis would be 6329