Bella's One (Cable)

Update on 4hr Chart Posted in the morning.. Target Met at 1.26522.

-Bella

re-adjusting S/L to 1.25909 Locked +78 Pips

re-adjusted S/L to 1.26133 . Locked +100 Pips

will check back after EOD with new data.

Good Evening,

New Day Started... Data as Follows.

 

1. Today's Pivot Point : 1.26500 should provide opportunity of a bounce
2. Today's Daily Support 1: 1.26140 should hold
3. Trailing Stop is placed at 1.26133 ( no changes - Locked +100 Pips )
4. Traditional CPR is 36 compared to 27 (% inc : 33.33) Volatility is maintained high which means fast market opportunity ( since 14.05.2024 )
5. Monthly Resistance : 1.27000/1.27320

Technicals

-Bella.

Big push towards 1.27 today. nice.. What hr's do you prefer to trade, i'm in the US. Prefer a kale/spinach orange and frozen berries for my shake. lol

Technical Outlook 4 Hours

Yesterday , Fib node target 61.% achieved at 1.26523.. There is good chance of reaching 100% projection 1.27803.
i've been waiting for a reversal signal since weekend but what i got is a long signal ( Trailing currently ). When i check through dates still has some more room upto Monday 20.05.2024 to reach that Target of 1.27803.

GBP/USD

Current Rate : 1.26766

Today, added to the the Utility a feature called Momentum Quality that will show the commitment of traders

Bella's Pivot Trend Analysis ( M15 )

 

1. Trend Quality shows Weak Uptrend
2. Momentum Quality Shows Bulls are waiting to Push the Prices and Close the Day Bullish
3. Support 1 Should Hold at 1.26140 / Protecting my Trailing
4. Trend is still long since 09.05.2024

GBP/USD

Current Rate: 1.26570

My request now to smart money bulls, large institutions to start inserting your coins in the market ..


Thanks

re-adjusted S/L to 1.26427 Locked +130 Pips.

Position Closed at 1.26653 for +156 Pips
------------------

Updated Thread Total:

+93 + 17 + 156 = +266 Pips

Last Updated : 17.05.2024

Trying Short on this range

Short GBPUSD: 1.26707
S/L:1.26952
T/P:++++++++++++++

risk is 24 pips current.

Good Morning,

I went short earlier due to B-CPR pointing out a reverse in Trend .. current optimized figure is <= 8 pips.

Pivot Point : 1.26710
B.Pivot : 1.26787

Trend Quality for today is not good, so expecting daily range inside 80 pips or in worse case less than 50 pips.

H4 Support at 1.26444 , Friday requirement is break below this level.

GBP/USD

closed 0.15 lots at 1.26462 for +25 Pips

0.15 Lots in Hand

Current Rate : 1.26482

Adjusting my SL to 1.26875 ..risk is now 16 pips on 0.15 lots

Technicals,

4HR Support at 1.26444 is still holding lets see if there is a 4Hr close below this figure. Moreover, keeping in mind that Trend Quality is providing a semi-ranging readings so i am not expecting a trading day that goes outside 80 pips ..

GBP/USD

Cable Update : Fibonacci Analysis

I defined on my chart a Market Swing ( market movement ).

Figures are :
Low : 1.24452
High: 1.27001

I added some fib-nodes from 2 reaction points to the focus numbers and derived a confluence support. And when the market arrives to this range

Support Range Confluence
Range High : 1.26013
Range Low : 1.25813

this should provide support, and a good location to look for reversal signals ( Assuming Trend is still up )

GBP/USD

SL is hit -16

Updated Thread Total

+266 +25 - 16 = +275

Last Updated : 17.05.2024

I made everything back to '0' will work in the weekend...

Good Morning,

Beautiful morning here in Istanbul . Re-started working on the Pivot Quantum. This is the name i gave to my self-made pivot points tool which is running on thread since some days, currently at beta version. Should be ending the development process soon

Features included:

1. Pivot Trend
2. Trend Quality : This feature informs about the type of trend we are involved
3. Pivot Quality : This feature informs about the style of market we are involved
4. Mom Quality : This feature informs about the momentum of Bears and Bulls, A shift in momentum could signal tops and bottoms
5. CPR Quality : This feature informs about reversal signals , currently set to < 1.0 ..

Pivot Quantum ( beta-version )

Update on the First Page :

Included on this thread material i had on pivots from Bella's Zero Thread on the first page , just in case you have missed the information

 

1. Pivot Point & Market
2. Advantages of using Monthly and Weekly Pivots
3. Projecting High and Low using Demark's Calculations

Cable Update : 4 Hours Analysis

Cable has continued its upward trend by surpassing the high of May 3rd. A strong breach of the resistance at 1.27196 will lead to a target of 100% projection from 1.24452 to 1.26340 at 1.27800. If the price falls below the low of Friday at 1.26443, the bias will shift to neutral. The combined support now ranges from 1.25862 to 1.26096. Additionally, the trend-following EMA 24 on the daily chart also points to the 1.25666 level as a retracement to the running mean.

Technicals