- 0
-
-
Posts
-
By tradinglounge · Posted
Wheat Elliott Wave Analysis Function - Counter Trend Mode - Corrective Structure -Zigzag for wave (B) Position - Wave A of (B) Direction - Wave A is still in play Details - As it appears the decline from 720’4 will most likely continue lower, we have adjusted the previous count. Price is now very likely in wave A of (B) against the 523’6 low. Wheat Elliott Wave Analysis Since late May, wheat has declined over 14% from 720, indicating that the commodity has retraced approximately half of the impulse rally that occurred between March 11th and May 28th. In the medium term, the move from March 11th remains a positive correction of the long-term bearish trend that spanned from March 2022 to March 2024—a two-year trend. Daily Chart Analysis: On the daily chart, wheat completed a bearish impulse wave from March 2022 at 523’6 in March 2024. Following this trend, a corrective phase was anticipated in the opposite direction. The impulse reaction that concluded wave (A) at the May 2024 peak is part of this larger bullish correction. Given that wave (A) is an impulse, we can expect at least a zigzag structure or possibly a double zigzag if the bullish correction extends over several months. Following the path of least resistance, a simple zigzag structure—wave (A)-(B)-(C)—is highly probable. Currently, the price is correcting wave (A) downwards in wave (B). Provided that the ongoing decline stays above 523’6, an extension higher is expected. However, wave (B) does not appear to be finished yet, as evident from the H4 chart. H4 Chart Analysis: On the H4 chart, the price seems to be in wave A of (B), which is evolving into an impulse structure. We anticipate a typical zigzag structure for wave (B). The invalidation level at 523’6 should not be breached. If it is, the long-term bearish trend from March 2022 will likely resume, confirming that the bullish correction from March 2024 has concluded. Summary: Wheat has seen a significant decline since late May, retracing half of its recent impulse rally. The medium-term trend from March 11th remains a positive correction within the context of a long-term bearish trend that lasted two years. On the daily chart, the completion of the bearish impulse wave in March 2024 was followed by a bullish correction, which is currently in wave (B) of a zigzag structure. The H4 chart suggests that wave A of (B) is forming an impulse structure, with expectations of a typical zigzag correction. Traders should monitor the key level of 523’6. If this level holds, the bullish correction is likely to continue with a potential extension higher. However, a breach below 523’6 would invalidate this scenario, signaling a continuation of the long-term bearish trend. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here! -
ZkSync leverages zero-knowledge proofs to improve Ethereum's scalability, offering faster transactions with lower fees. Its use of zkRollups positions it as a promising solution for decentralized applications and DeFi platforms. On Bitget, traders can engage with ZkSync, taking advantage of the exchange's features like a user-friendly interface and robust security measures. While ZkSync presents an opportunity for growth, it's important for investors to conduct thorough research and consider the project's long-term potential in the evolving crypto landscape. -
By tradinglounge · Posted
COST Elliott Wave Analysis Trading Lounge Daily Chart, Costco Wholesale Corp., (COST) Daily Chart COST Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave 5. DIRECTION: Upside in wave {iii}. DETAILS: Looking for upside into wave {iii} as we seem to have completed wave {ii} of 5 after successfully completing the triangle in wave 4. COST Elliott Wave Analysis Trading Lounge 4Hr Chart, Costco Wholesale Corp., (COST) 4Hr Chart COST Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (iii) of {iii} DIRECTION: Wave (iii). DETAILS: Looking for upside into wave (iii), knowing we could switch to a more conservative count where current wave (i) and (ii) is wave {iii} and {iv}. Equality of {iii} vs. {i} stands at 900$. Welcome to our latest Elliott Wave analysis for Costco Wholesale Corp. (COST). This analysis provides an in-depth look at COST's price movements using the Elliott Wave Theory, helping traders identify potential opportunities based on current trends and market structure. We will cover insights from both the daily and 4-hour charts to offer a comprehensive perspective on COST's market behavior. * COST Elliott Wave Technical Analysis – Daily Chart* In our Elliott Wave analysis of Costco Wholesale Corp. (COST), we observe an impulsive trend characterized by a motive structure. COST is currently positioned in wave 5, specifically in wave {iii} of 5, indicating an upside move. After successfully completing the triangle in wave 4, COST has finished wave {ii} of 5 and is now poised to move higher into wave {iii}. This wave is expected to gain momentum, pushing prices upward as it unfolds. Traders should monitor the progression of wave {iii} closely, as it may present opportunities for long positions, especially if COST continues to show strength above key resistance levels. *COST Elliott Wave Technical Analysis – 4Hr Chart* On the 4-hour chart, COST is also following an impulsive trend within a motive structure, specifically in wave (iii) of {iii}. The analysis suggests an upside continuation into wave (iii), with an awareness that current wave (i) and (ii) might be a more conservative count as wave {iii} and {iv}. This suggests that if the market confirms this alternate view, COST could target equality of wave {iii} vs. wave {i} at $900. Traders should be prepared for potential adjustments in the wave count and watch for consolidation or corrective patterns that might precede further upward movements. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!
-
Question
GCone
David Gibbs, who used to be a senior software engineer at IG, wrote some code, based on the original femtotrader code, to allow me to place DMA Equity orders. That was back in 2018. There have been no problems with it until recently.
Below, I have shown the output of two logfiles. The first one is when the DMA order placing software worked (as it did from 2018 until some point in 2023). It failed on the first try, but succeeded on the second.
The second file shows that I now receive a 404 error trying to place an order. (The GET function works properly as I am able to retrieve positions). .
I would like to know whether the URL has changed for the POST function. Thank you.
Here is the successful order placing:
DEBUG:urllib3.connectionpool:Starting new HTTPS connection (1): api.ig.com:443
DEBUG:urllib3.connectionpool:https://api.ig.com:443 "POST /gateway/deal/session HTTP/1.1" 200 337
INFO:place_order_PY:Authenticated to IG session for EC.D.ATOFP.CASH.IP order
DEBUG:urllib3.connectionpool:https://api.ig.com:443 "POST /gateway/deal/workingorders/dma/equity HTTP/1.1" 200 53
DEBUG:urllib3.connectionpool:https://api.ig.com:443 "GET /gateway/deal/confirms/GG7UZEN2HZ3AX HTTP/1.1" 404 60
INFO:trading_ig.rest:Deal reference GG7UZEN2HZ3AX not found, retrying.
DEBUG:urllib3.connectionpool:https://api.ig.com:443 "GET /gateway/deal/confirms/GG7UZEN2HZ3AX HTTP/1.1" 200 266
INFO:place_order_PY:EC.D.ATOFP.CASH.IP Deal ID Create: DIAAAAKHA5NREBA
Here is the unsuccessful order placing (showing, however, that I am able to retrieve positions):
DEBUG:urllib3.connectionpool:https://api.ig.com:443 "POST /gateway/deal/session HTTP/1.1" 200 337
DEBUG:urllib3.connectionpool:https://api.ig.com:443 "GET /gateway/deal/positions HTTP/1.1" 200 880
DEBUG:urllib3.connectionpool:Starting new HTTPS connection (1): api.ig.com:443
DEBUG:urllib3.connectionpool:https://api.ig.com:443 "POST /gateway/deal/session HTTP/1.1" 200 337
INFO:__main__:Authenticated to IG session for EC.D.ATOFP.CASH.IP order
DEBUG:urllib3.connectionpool:https://api.ig.com:443 "POST /gateway/deal/workingorders/dma/equity HTTP/1.1" 404 123
Output from Python console:
IGException: <html><head><title>Page Not Found</title><h3>Error 404</h3><h3>Sorry,
the requested page is not available.</h3></body></html>
Thank you for your help.
Kevin Brau
Link to comment
4 answers to this question
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now