Bella's Zero (Cable)

Welcome to Bella' Zero Cable Thread.

I started this thread to post my analysis and real time trades as it happens. I used to post at Bella's Blue ( Cable) that is closed

History as a Trader
I started trading in September end 2022 so basically i just completed my 1st year in OCT 2023 . I trade only GBPUSD and will stick to this pair for personal preferences ...

Comparison between Intraday and Swing Trading


Investing and Risk Reward
Investing is the practice of putting money into a project with the expectation of generating a profit or return on investment over time. The goal of investing is to make your money work for you by allowing it to grow and generate wealth. The risk/reward ratio is a helpful tool in investing that can help investors assess the potential risk and reward of a trade or investment.


Fibonacci Expansion Analysis


Equation are below


I have three values from 4 Hr Chart
A = 1.20692 ( Low of 26.10.2023 )
B = 1.24278 ( High of 06.11.2023 )
C = 1.21865 ( Low of 10.11.2023 )

I will just use it with the first Equation = OP so the calculated values are with Equation

Using the Objective Point Equation
OP = B-A + C
OP = (1.24278 - 1.20692 ) + 1.21865 = 1.25451

Bella's Swing Targets and Reversals

Swing Points


I will discuss the formula which can be used to calculate Swing High or Low Probable Support and Resistance areas.
Looking at my 4hr charts the High was made on 06.11.2023 with the price 1.24278 this is the swing high and we like to calculate what should be the swing low or a possible reversal point.

Note : we don't use any decimals in calculation to get the proper price points due to volatility or to omit any logical errors in price points so 1.24278 becomes 124278

Using Microsoft Windows Calculator ( we like to know the support area )

Calculation : High : 1.24278 what could be support?

Step 1 : SQRT (124278) = 352.53
Step 2 : 352.53 - 4 = 348.53
Step 3: 348,53 * 348,53 = 121473 or 1.21473

Current Low as of 10.11.2023 is 1.21865 which is close enough.

if you are looking for resistance you would add 4 in Step 2 not subtract 4 ( you could try 1,2,3,4,5,6 ) but looking at how GBPUSD trades default what i use to check when i need is 4.0. ( volatility )..

In Step 3 we multiply result from Step 2 with itself and the reason is how the square root works .. to get the original number.. if you are not good at mathematics no problem nor do i..

I made some fast calculations using the low of 10.11.2023 1.21865 ( 121865 ) and received 1.24674 .. you could check your self. using the above calculator.

Swing High and Low ( 4hr )


Posting Rules on the Thread:
Only GBPUSD Charts and Trades are allowed to be posted on this thread. ( Note : Please don't Post any charts which are against my trades )

Bella ( Goddess of Thunder )

Strategy / Entry Level

Long GBPUSD : 1.22311
S/L : 1.22066
T/P : 1.25195

Risk is 24 Pips

Attaching the chart that goes with the trade , i may have to lower the stop to Friday's low if needed otherwise good to go

Zero

Update : Zero

On this chart i have Resistance level of M30 price is 1.22524 which needs to be taken out and favoring a Daily Close above this level for Bullish Scenerio

Zero

Update on Zero ..

made a new update and i think it is currently good to go , hopefully i can use this indi now for the thread...

Basically , Price Action is Long .. there are resistance and support figures .. on the chart

Zero

Update : Zero

I have another update , the chart support and resistance can now be seen .. Additionally added the Trend Following EMA 24 current value is = 1.22311 . Notice that the price is currently near the EMA.. the mean price and it means in a short term the performance of the pair using that certain ema value is normal.. It is subject to move further away and waiting for a long direction... (expectation)


Zero

Current Rate : 1.22482

Cable has touched the resistance figure on my chart 1.22524 .. and require a daily close above this level for Bullish Continuation..

I have enabled Fib nodes on my chart 0.382 extension and 0.618 extension can be seen..


Zero

Back with my Milkshake , Watching the charts and listening to this music

November Rain ( Gun's n Roses )

Current Rate : 1.22732

Locking in some profit +44 Pips with 0.15 Lots

O.15 Lots in Hand

I`d place my stop loss not less than 1.2072 and with an expected profit target not greater than 1.2670
So long it stays above the 4HR 20EMA its good

Good Morning,

New Day started , i will discuss now little about targets and Fibonacci levels .. If you are looking to get involve in Fibonacci Trading i would recommend . Trading with Dinapoli Levels one of the good books on Fibonacci Analysis.

Fibonacci Expansion Analysis




Equation are below




I have three values from 4 Hr Chart
A = 1.20692 ( Low of 26.10.2023 )
B = 1.24278 ( High of 06.11.2023 )
C = 1.21865 ( Low of 10.11.2023 )

I will just use it with the first Equation = OP so the calculated values are with Equation

Using the Objective Point Equation
OP = B-A + C
OP = (1.24278 - 1.20692 ) + 1.21865 = 1.25451


Notice my T/P is 1.25195 it is very close to OP so i am expecting in near future the T/P should meet

Fibonacci Analysis 4 Hr Chart

Swing Targets and Reversals

Previously i wrote about how to get targets using Fibonacci Analysis that requires 3 Swing Points. In this post i will talk about how to get target levels using only 1 Swing Point this is basis of my trading activity . There is no specific book about this but Mikula ( W.D Gann ) mentioned in his book about swing points so go for it if you want to know more or just get the calculation from below




Looking at my 4hr charts the High was made on 06.11.2023 with the price 1.24278 this is the swing high and we like to calculate what should be the swing low or a possible reversal point.

Note : we don't use any decimals in calculation to get the proper price points due to volatility or to omit any logical errors in price points so 1.24278 becomes 124278

Using Microsoft Windows Calculator ( we like to know the support area )

Calculation : High : 1.24278 what could be support?

Step 1 : SQRT (124278) = 352.53
Step 2 : 352.53 - 4 = 348.53
Step 3: 348,53 * 348,53 = 121473 or 1.21473

Current Low as of 10.11.2023 is 1.21865 which is close enough.

if you are looking for resistance you would add 4 in Step 2 not subtract 4 ( you could try 1,2,3,4,5,6 ) but looking at how GBPUSD trades default what i use to check when i need is 4.0. ( volatility )..

In Step 3 we multiply result from Step 2 with itself and the reason is how the square root works .. to get the original number.. if you are not good at mathematics no problem nor do i..

I made some fast calculations using the low of 10.11.2023 1.21865 ( 121865 ) and received 1.24674 .. you could check your self. using the above calculator.

Swing Chart ( 4hr )

Hello Indiara Aunty..

I know your daughter is mad at me because i don't say anything about her on my posts .. i have something to say to her.

yo what''s up dude ,, we are like same age .. don't worry about my posts i am not even a trader ... just time spending ..do you watch cartoons? like Mario Bros , Spider man , Tom & Jerry and series like walking dead etc what's your favorite super hero .. mine is Superman/Super Girl .. i have the most beautiful pond which is located in my room i will let you see it in future.. how about food? you like spicy food? .. you like boyz and i like girlz yeah there are natural differences but in the end of the day we got same gender.. I told your mom i want her at my home not later than 1 Jan 2025 so we will see each other soon. ( or in our teenage language peace )

You like sports car don't you ...? below is a nice sports car you may like


OK i don't want any trouble from you , below is now a sports car it is from Ferrari.

Cable Update : Zero.

Time to adjust the trailing stop on my remaining position , adjusted to 1.22568 Locked +25 Pips

Zero

Wow, what a move up .. i am glad it is still going in my direction


Zero ( Enabled Pivots )

I decided to change my Take Profit to 1.26090 the market is pretty volatile and the Zero is still long

i am now using the factor 6 to calculate new values

Step1 = SQRT( 121865 ) = 349.09
Step2 = 349.09 + 6 = 355.09
Step3 = 355.09 * 355.09 = 126090 or 1.26090

Swing Chart

Current Rate : 1.24989

Very High Volatile , news Driven , Data Centric , Economic Related Day ... i will set the new trailing for my order

Trail set = 1.22900 Locked +58 Pips

Zero

Good Morning,

Yesterday i discussed how you can calculate swing high and swing low reversals and targets with some estimations and that could provide confidence in finding the support and resistance..

On this chart we have a swing low which is currently important the latest market activity has led the trend status to long ..
note: the indicator i developed to trade was not available so history is omitted and only necessary data is used..

Current Rate : 1.24913

Yesterday, i moved my take profit to new high 1.26090 due to high volatility in the market.
i set my new trailing figure to 1.22976 locked +66 pips

Support : 1.23817 , 1.23015

Zero

Drinking my milkshake and watching the market as it unfolds the daily high and low..

Dedicating this image and theme to myself .. and ice & water..


Mortal Kombat