Bella's Blue (Cable)

Bella's Blue Journal
Started : 21.08.2023
Journal Total = +107 + 45 + 21 = +173

Last updated : 31.08.2023

Good Morning,

Yesterday in my books a new Down Trend Started per Bella's Trend Cycles which is actually following Trend-0.37. It is mainly used for entering positions . Today 01.09.2023 a new day and start of a new month and we have couple of important considerations.

 

1. on 30th Aug the up move established a bullish momentum which still hasn't in pivot point world turned bearish. ( normally i am not a big fan of this momentum but it would be good to see it turns bearish ) which it will if we have a Daily Close below S1 : 1.26380 level.
2. Yesterday 31.08.2023 we have a new Down Trend Started which should take 25.08.2023 low that is 1.25475
3. Any Bullish move up today 01.09.2023 should hold below 1.27338 which is Yesterday's High currently MR1 :1.27030 seems to be resistance area.

I am still holding 0.05 lots since yesterday floating +54 as i write this. You may recall the target is 1.24373 for now.

I have attached Pivot Points and Trend Cycles Chart to this Post.

Bella's Trend Cycles

Pivot Points

So,there is nothing to do with charts just a waiting game and moment .. In the meantime i re-charged my self with thunder and felt good.

Thunder image ( feels nice )


Guns and Roses song ( Dedicated to me and Thunder )
Welcome to the Jungle

https://www.youtube.com/watch?v=9erLsEHAZRI

Notice :

I forgot to change my stoploss like i mentioned in the previous post that Yesterday High : 1.27338 should hold and today is day 2 ( Bear Cycle is Mature ) so there is no use loosing more than that.

SL changed to 1.27354 -
Short at 1.27255 so about 10 pips s/l current.

Blue (SL update )

Cable update :

Just enjoying GBPUSD with Bella's Levels which is just nothing more than having this pair in a Square Box and it just moves out from 1 Square to next Square
anyways without wasting anytime cause the idea is to enjoy NFP with my mango milkshake and chicken tikka (spicy - leg piece ) .

Note : This chart strictly created for my position not analysis.

Blue ( Cable Roadmap )

Cable update : Trend-0.37

I am +55 Pips as i write this and like i said two post ago , that the Bear Cycle is now Mature so i will have a stoploss just above Yesterday's High.
now i guess we have seen the high retracement and this should hold ( 1.27130 - previous chart ).

On Monday Day 3 will start i am already getting confirmation lets see ..

Blue ( trend cycles )

Cable update : Trend -0.37

I am +127 pips as i write this and definitely without a doubt a Bear Cycle that started yesterday 31.08.2023 and continuing into next week.
notice as in the morning post it should takeout low of 25.08.2023 ( It is currently moving with the Trend )

I will not move my stop loss since i have to work with Trend-0.37 chart that states trend is down but i do know the Trend Cycles will make me exit or T/P will hit which is still 1.24373

Trend-0.37 Stats
Trend : Down
Date : 27.07.2023
Price : 1.29951
Key Resistance : 1.28000 , 1.27338

Blue ( Trend Cycles )

Bella's Trend Cycles: ( Trend – 0.37 )

I will formally introduce the Bella's Trend Cycles on this post and this will be added to first post of the thread. ( please note end of this month my first year in forex is complete )

When i started designing the Bella' s Blue suite back in OCT 2022 , i had a vision what i needed using the books that is Elliot waves and W.D Gann with Pivot Points. I needed something that has properties like

 

1. Buy Low and Sell High ( under value and over value )
2. Date Forecasting ( To know what dates could change the trend )
3. Cyclic nature ( repeatable patterns )
4. Price Action ( Trader Decisions instead of my or my neighbor's decision )
5. Defined Targets and S/L ( default 288 T/P with default 24 S/L )
6. Trend ( Ability to have Multiple Trend Identification / Long Term/Mid Term )
7. S/R Structure : ( S/R should be some important key levels in the market )

Trend Cycles was the first product i would say that i started working on even before Trend-0.37 started. I was looking for Cyclic nature of the market ( Cable/ GBPUSD ). It turned out to be successful and work started on Trend-0.37 / Trend-0.25.

Job of Trend Cycles as of 01.09.2023 is to identify Entry and Exit ,it identifies correction and impulsive nature inside the Trend-0.37.

Essential Design
Trend Cycles have internal Bull and Bear Cycles ,( repeatable corrective and impulsive pattern in the market and connected with Trend-0.37 ). Unfortunately the real world is not that simple ( my neighbor , her neighbor and their neighbor all buying and selling GBPUSD at the same time so i needed to identify who is Bull and Bear and how many?. So it helps in identifying ).

Conclusion
This week i introduced Bella's Trend Cycles which is part of Trend-0.37 , which has an important role of entering and exiting the market

Good Morning,

It is weekend and i have plan of cooking some exotic food they called “KATA-KAT” from subcontinent. At my own home they do it professionally but here in Turkey it is not available so i ordered Kata-Kat Spices from India and i will cook it at Home and see the difference ( i wished my mamma would be here , you know she is an expert cook but since she is very far away in outer space i have to do it my self until i am on this planet , yeah i know it is funny).

Normally, the taste is very good and by using this commercial quality “Masala” i should be able to bring the original taste ( i know whose laughing)
Moreover, Roti which is wheat bread from subcontinent and when you prepare ( you need to show the bread whose the boss when you prepare the wheat for cooking ) something like that.

In the end i hope the whole food will be prepared ( i do have contingency plan just in case )

Introducing KATA-KAT

Introducing ROTI

Price Action Structure and Trend ( without using Bella's Blue Indicators )

To recall from previous post on Market Analysis. As traders our job is to constantly update our analysis to follow the market and ready for next opportunity.

1. We need to define the S/R structure frame work
2. We need to define the Trend ( traveling inside that framework )

#Note : As traders you can use any type of system to generate meaningful information that provides useful decision making. I will be using basic price action analysis and s/r on the chart without referencing Bella's Blue indicators.

Structure and Trend.
On the chart i have defined S/R point High and lows when combined together shows Trend information.
Date : 25.08.2023 low of 1.25475 is lower than 14.08.2023 that shows downtrend continues
Date : 22.08.2023 high of 1.28000 this is the last time market created a swing high ( so key level to watch if market breaks above will cause change in trend )
Date : 30.08.2023 high of 1.27459 this is considered a pullback in down trend notice how important it is to hold below 1.28000 key level. ( could change the trend ).

#Note : In this post i will not talk about ways to trade in the direction of the trend ( it is about structure and trend ) . There are some ways if you remember my Fibonacci chart , also any other meaningful system could generate signals ,

Some analysis that is used by industry professionals are
1.Fibonacci Analysis
2.Chart Patterns ( Head and Shoulder on smaller time frame )
3.Pivot Points ( Setup on Weekly or Monthly )
4.Elliot waves ( on a smaller time frame ; please note that this should show previous trend during analysis)

( this is just some examples what could be used to verify a setup )

Bella's Fibonacci Analysis chart ( posted earlier ) now only for reference


Structure and trend
Blue ( Education Material )

Good Morning,

It is nice sunny morning here in Istanbul 27 deg C . Having a mango milkshake and listening to the music below.
Going to Start work on Blue ( beta v1.9 ) soon.

Top Gun . Take my Breath Away ( Berlin )

https://www.youtube.com/watch?v=r5h5JrzJMtQ

Trend-0.45 ( Test Phase )


I just wanted update on Trend-0.45 ( Testing Phase ) 0.45 is actually part of beta v1.9 . I might use it for forecasting or pyramiding & scaling into positions which i will discuss later as the 0.45 is ready for trading. ( Please remember i don't prefer averaging or hedging ) , Trading is all about forecasting that requires hard SL. If they tell you something else ( just visit their home to see how they live through trading ).

Trend-0.45 ( Testing Phase / Development )
Friday Data:
Forecast : Down Trend ,
Resistance : 1.27226 ,
Objective was 1.25868

Cable Update : Trend-0.37

Good Evening ,

Cable declined to 1.25768 on Friday which was anticipated due to Trend Cycles pointing a Bearish Cycle Start on 31.08.2023 and still continuing with today 04.09.2023 as Day 3 of Bearish Cycle . I am +133 Pips as i write this and looking towards my standard T/P 1.24373 for now.

Trend-0.37 Update : I am still unable to locate a support box as of 04.09.2023 that should change this downtrend to uptrend so main bias still stays SHORT.

Trend-0.37 Stats
Trend Direction :Short
Date : 27.07.2023
Price : 1.29951
Key Resistance : 1.27338

Blue ( Trend Cycles )

Bella's GBPUSD Road Map:

On Friday i posted some weird chart having to talk about some "Square Box" and Road Map , if you remember the level 1.27130 ( i'll post same image below again ) , I know it worked but it requires some formal introduction. Please find below.

I will quickly introduce the Road Map which is how i think the price is laid out for GBPUSD in terms of steps of increment or decrement . Note that they are not pivots , they can sometimes work as Support and Resistance like on Friday because i was confident ( 1.27130 ). The main job is where is GBPUSD in terms of Price Action (full stop ).

I had a Bear Cycle signal on 31.08.2023 and a Major level at 1.27130 which shows this area will contain the price . ( this is to say that cable is overbought at or near 1.27130 ) and now looking for over sold area currently the market is yet at another major level 1.26010 i am not concerned cause there is no Bull Cycle start.

Current levels : Major : 1.27130 , 1.26010 , 1.24890 ( just for info )

Conclusion: these levels are just reference points where major levels are important levels. ( in future when i post levels it is already talked about , i will update the first post of the thread as well ).

Friday Post ( again )


New Levels ( Road Map )

Just watching the Cable Chart and Waiting to see how the Day Trades until EOD. In the meantime......

Dedicating this theme to Themsiciriya and Amazons ( i know you people miss me )

https://www.youtube.com/watch?v=WzWx9pHSOtA

Cable update : Trend-0.37

I have decided to secure some profit , SL is now placed at 1.26755 Locked +50 Pips , Note : The Cycle is still bear waiting for EOD

Blue ( Trend Cycles )

Hey.
Do you use Gann price action and swing charts, S/R?
Gann price vs time?

Update : Trend-0.37

GBP/USD – 1.26226 ........ Price erased Friday's losses as cable rose from 1.25854 yesterday to 1.26419, . On the bigger picture the Trend Cycle is still printing Bear Cycle for today at Day 4 suggesting another decline to test 1.25800 cannot be ruled out. On the upside loss of momentum should prevent any rise above 1.26510 and yield retreat.

General Indicators (Daily)
MACD (8,17,9) : Short
STOC (8,3,3 ) : Short
Trend Following Ema (24): 1.26890

Blue ( Trend Cycles )

Using Camarilla Pivots:

I added camarilla pivots to use for analysis , There is a down trend forecast using Trend Cycles day = 4. Momentum Should hold below H3 level 1.26434 , I am currently looking forward to 1.25800. Notice my Trailing is still at 1.26755.

Blue ( Cam Pivots )