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Bella's Blue (Cable)

  • #501
  • Oct 12, 2023 6:47pm Oct 12, 2023 6:47pm
I updated the Mark IV with new information , on the previous chart there was a field called "Reversal Day" which was again seen yesterday to be Yes. This field is now have a new name called Trend-0.37 = Short or Long and is also used at Mark V with the same name. There is still a reversal field on Mark V which has different meaning under section pivot point ( improvement in pivots ).

Mark IV ( updated )
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Goddess of Thunder..
  • #502
  • Edited 10:55pm Oct 12, 2023 10:41pm | Edited 10:55pm
Swing High and Lows

This thread requires a little discussion about Swing High and Swing Lows , what are they and how to detect them. ( Examples below are those i traded live on this thread )

Example : Dates are 04.10.2023 - 12.10.2023
Attached Image (click to enlarge)
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Swing High and Lows
A swing high is simply any turning point where rising prices changes to falling prices . I define a swing high (SH) as a price bar high , preceded by two lower highs (LH) and followed by two lower highs (LH) . ( Diagram Above ).

Likewise a swing low is simply any turning point where falling prices changes to rising prices. I define a swing low (SL) as a price bar low , preceded by two higher lows (HL ) and followed by two higher lows (HL) (Diagram Above ).

Many Traders like my self try to trade these SH and SL what they call in trading community "Picking Tops and Bottoms". This could be very nice strategy if you exercise stop loss with it .
( Note: there is no trading without stop loss - if they tell you something else just visit their home to see what they earn through trading also no hedging or averaging ) reason is? you are not actually forecasting anything period. Preferably your R/R should be on average > 2.0. ( It is another topic how to understand an effective trading strategy or write one ) . i don't want to mix topics also i am not a actual forex trader i am doing this cause my mothers wants me to spend time while i am on this planet ( they are real forex traders ).. anyways moving on..

Other usages of Swing High and Swing Lows
1. These areas will also produce key support and key resistance areas which can be used while the pair is retracing or trending
2. Multi time frame analysis : It can help to see a Bigger Picture in context of higher time frame action. ( you could trade 15 min by looking at higher time frame structure say 60 min ).
3. Used to Create trends ( effective but depends on trader analysis ) one example is Bella's Price Action Analysis.

Bella
Goddess of Thunder..
  • #503
  • Oct 13, 2023 4:41am Oct 13, 2023 4:41am
Back with my milkshake ,

i met the neighbors father again and this time he asked about the family photos as he wants to see my father. There are mothers but no father .. So i told him listen uncle you look great with sun glasses just like Bruce Willis. That made him really excited he agrees and says the wife says the same thing. . Finally his daughter agrees as well ( she says fifty % ) In the end he left cause he wanted to discuss something with his wife ( aunty )but says don't forget i want to meet your father. The Daughter (under 40 aunty type , also finally left )

I like to dedicate this song to my neighbor's father and also to my father type mothers

Boney M ( Daddy Cool )
https://www.youtube.com/watch?v=bHyiT6fA7C4
Goddess of Thunder..
  • #504
  • Oct 13, 2023 11:17am Oct 13, 2023 11:17am
Current Rate : 1.21436

Time to adjust trailing stop to 1.22333 Locked +64 Pips

Mark IV

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Goddess of Thunder..
  • #505
  • Oct 14, 2023 12:26am Oct 14, 2023 12:26am
Good Morning,
It is beautiful saturday morning , i have something to say to my mothers.

Hello Dear Mothers,

As Trying to Trade Forex even though i am not a Forex Trader .... i have Successfully Completed Objective 2 Parameters.
Like instructed with minimal damages ...

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Dedicating this theme to myself and Istanbul
https://www.youtube.com/watch?v=vQKGBdmkqaE
Goddess of Thunder..
  • #506
  • Oct 14, 2023 3:45am Oct 14, 2023 3:45am
Quoting Bella.al
i am not a actual forex trader i am doing this cause my mothers wants me to spend time while i am on this planet ( they are real forex traders )..
What does it mean to be a ‘real’ forex trader?
  • #507
  • Oct 14, 2023 3:55am Oct 14, 2023 3:55am
Quoting clemmo17
{quote} What does it mean to be a ‘real’ forex trader?
Hello,

when i use the word 'real' i meant career , professional career such as George Soros , Frank O ochoa etc . These people are called professionals when it comes to trading.

Bella.
Goddess of Thunder..
  • #508
  • Oct 14, 2023 4:16am Oct 14, 2023 4:16am
Quoting Bella.al
{quote} Hello, when i use the word 'real' i meant career , professional career such as George Soros , Frank O ochoa etc . These people are called professionals when it comes to trading. Bella.

To be a professional forex trader you dont actually need to make much money. If you take the average wage of the country you live in lets say for example its
500 £, $, euro etc then thats all you need plus a little bit more so you are constantly building your account capital.. So try to make that 500 each week.

The problem with any newbie is they try to make too much thinking its a get rich quick game. You need to consider trading as a business which it is. Its about being in the game for the long term not just for a quick fix.

Any 1 trade or a series of losing trades should not make any difference to your account, In business its just called having a bad day or week but you still have the rest of the year to go. No losing trade should ever define you, you enter the drawdown in your journal as a tax bill, electric bill, Vat, wages etc. Every business has costs -- Trading has never been any different, Nobody will get every trade right, once you accept that you will know the importance of risk in the Hardest Game in the World


Hope this makes sense -- Regards Terry



PS, stop thinking about what Soros makes, he had plenty money before he got involved in currencies
  • #509
  • Oct 14, 2023 4:20am Oct 14, 2023 4:20am
Quoting T721
{quote} To be a professional forex trader you dont actually need to make much money. If you take the average wage of the country you live in lets say for example its 500 £, $, euro etc then thats all you need plus a little bit more so you are constantly building your account capital.. So try to make that 500 each week. The problem with any newbie is they try to make too much thinking its a get rich quick game. You need to consider trading as a business which it is. Its about being in the game for the long term not just for a quick fix. Any 1 trade...

I need to put you on ignore please get lost don't ever quote my post again....
Goddess of Thunder..
  • #510
  • Oct 14, 2023 5:45am Oct 14, 2023 5:45am
Updating Friday's Data .

The anticipated swing high is now declared in my books , on 12th when i shorted the market i was expecting this and it worked.
this completed the above post about swing high and swing lows

Swing High and Lows

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Goddess of Thunder..
  • #511
  • Oct 14, 2023 7:33pm Oct 14, 2023 7:33pm
Quoting Bella.al
Updating Friday's Data . The anticipated swing high is now declared in my books , on 12th when i shorted the market i was expecting this and it worked. this completed the above post about swing high and swing lows Swing High and Lows {image}
Continuing on the subject of Swing high and lows , i like to post some reversal patterns that can be used on M15 to look for reversal patterns to occur while the Swing High and Lows are to be produced on Daily Time frame.

Please ignore Wedges

Source ( Google .com )
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Goddess of Thunder..
  • #512
  • Oct 14, 2023 8:20pm Oct 14, 2023 8:20pm
Quoting Bella.al
{quote} Continuing on the subject of Swing high and lows , i like to post some reversal patterns that can be used on M15 to look for reversal patterns to occur while the Swing High and Lows are to be produced on Daily Time frame. Please ignore Wedges Source ( Google .com ) {image}
In this post i will use one of the famous trend reversal pattern ( Double Top ) pattern , there are numerous information floating on the internet about double bottoms and double tops including swing high and lows but you know every one is different and have criteria of using these patterns .

This concludes the Swing High and Lows topic for now .

Live Market Trading 12.10.2023.
Attached Image (click to enlarge)
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Goddess of Thunder..
  • #513
  • Oct 14, 2023 11:36pm Oct 14, 2023 11:36pm
Announcement :

Unfortunately , Mark V is again postponed due to some circumstances , so again reverting to Mark IV until further notice ..

I did made some improvement with Mark IV

1. Introduced Trend-0.37 - Predicts Reversal in Trends using Swing High and Lows
2. Bella's Pivot Range : Different in work and calculations what Mark Fisher described in his book Logical Trader
3. Bella's Pivot Width : Different in work and calculations what Frank O. Ochoa described in his book Pivot Boss

Bella.
Goddess of Thunder..
  • #514
  • Oct 15, 2023 1:38am Oct 15, 2023 1:38am
Quoting Bella.al
Announcement : Unfortunately , Mark V is again postponed due to some circumstances , so again reverting to Mark IV until further notice .. I did made some improvement with Mark IV 1. Introduced Trend-0.37 - Predicts Reversal in Trends using Swing High and Lows 2. Bella's Pivot Range : Different in work and calculations what Mark Fisher described in his book Logical Trader 3. Bella's Pivot Width : Different in work and calculations what Frank O. Ochoa described in his book Pivot Boss Bella.

Updated Chart from Friday with Updates with

1. Bella's Pivot Range ( color : white )
2. Bella's Pivot Width

Time to make some mango milkshake , making sure all neighborhood knows i am at home during the weekend...

Mark IV
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Goddess of Thunder..
  • #515
  • Oct 15, 2023 5:02am Oct 15, 2023 5:02am
Back with my milkshake ... enjoying my weekend and will go out with friends after 18:30PM..

It is time to give Mark IV a new personality and new style of it's own .. It should still reflect me but in a different way (wings are ok at the back )


Dedicating this image and theme to myself and Mark IV
Attached Image


Way of Warrior
https://www.youtube.com/watch?v=u3loZ21j4Cw
Goddess of Thunder..
  • #516
  • Oct 15, 2023 5:43pm Oct 15, 2023 5:43pm
New day just started , Just came back from weekend entertainment , had lots of alcohol + fun , lets see if i sleep with shoes or without shoes.. and i have no idea which one of them kissed me but no problem i will discuss later but which one? .. ( my special abilities are sleeping too )
those neighbor under 40 aunty type ladies!!!..

I am going adjust trailing which is 1.21916 Locked + 106 Pips

Daily Bar : Moderately Bearish
Resistance : 1.21867

ok i am gone! .. back in the morning..

Mark IV
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Goddess of Thunder..
  • #517
  • Oct 16, 2023 12:51am Oct 16, 2023 12:51am
Good Morning,

Had my Breakfast "fried eggs with toast" + milkshake , you know no mamma here so i don't get my french fries , i always have to use my magic wand .. ..

moving on...

GBPUSD
Expecting resistance : 1.21867 to hold for today , waiting for an update .
Pivot Range : 1.21600 - 1.21867
Goddess of Thunder..
  • #518
  • Oct 16, 2023 1:59am Oct 16, 2023 1:59am
Current Rate : 1.21680

Currently waiting for a Swing Low to be formed which is not detected at my end , i need to adjust my T/P figures as the previous T/P is coming close
Trailing at 1.21916
adjusted T/P : 1.19130



Mark IV
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Goddess of Thunder..
  • #519
  • Oct 16, 2023 6:20am Oct 16, 2023 6:20am
Current Rate : 1.21509

Still highest price reached is 1.21774 between pivot range 1.21600 - 1.21867 , The Daily S1 : 1.20990 and is where expected market could reach today.

waiting for an update

Mark IV

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Goddess of Thunder..
  • #520
  • Oct 16, 2023 8:11am Oct 16, 2023 8:11am
Current Rate : 1.21693

This is last update for this range it will either now take my trailing at 1.21916 or drop down taking out friday's low in to S1 : Expected.

i have something to say to Bulls and Bears , I really don't have Buy signal .. ( are we clear ?)

Mark IV
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Goddess of Thunder..
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