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Lock's Cable Corner

  • #3,401
  • Feb 22, 2017 4:50am Feb 22, 2017 4:50am
Quoting titi14
{quote} meaning? shorts ended for now?

It means that those who shorted below this weak ref have been stopped out if their stops were below it.
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  • #3,402
  • Feb 22, 2017 4:53am Feb 22, 2017 4:53am
Quoting Lock
{quote} It means that those who shorted below this weak ref have been stopped out if their stops were below it.
I'm using your profile tool for mt4 and my E period was one tick outside of D to the downside could this jus be feed discrepencies and is this a problem?
  • #3,403
  • Feb 22, 2017 4:54am Feb 22, 2017 4:54am
Please, note that overall the current situation is very weak both above and below: downside we have 2 back to back poor lows at 24365 (current one) and at 2401 (yesterday ). At the same time above we have 2 poor highs (current one at 2502 and 10.02 one at 25393)

So be aware of the fact that bigger timeframes are not involved in this market currently and that the references used are almost always day timeframes ones. So trade such a market only if you know what you're doing otherwise this price action could hurt.
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  • #3,404
  • Feb 22, 2017 4:56am Feb 22, 2017 4:56am
Quoting Piphunter00
{quote} I'm using your profile tool for mt4 and my E period was one tick outside of D to the downside could this jus be feed discrepencies and is this a problem?
Mine too: no discrepencies.
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  • #3,405
  • Feb 22, 2017 4:58am Feb 22, 2017 4:58am
Quoting Lock
{quote} Mine too: no discrepencies.
my bad, was the post saying e was inside d a typo then? that's why I asked lol
  • #3,406
  • Feb 22, 2017 5:08am Feb 22, 2017 5:08am
Quoting Piphunter00
{quote} my bad, was the post saying e was inside d a typo then? that's why I asked lol

A single pip above or below the previous period is not considered an excess: so E period was in fact inside previous D period.
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  • #3,407
  • Feb 22, 2017 5:12am Feb 22, 2017 5:12am
Please, this thread is dedicated to professionals. I generally answer any kind of questions but in order to speed up the environment and to let other treaders follow this analysis in a continuous way, abstain by basic questions. Istead observe this thread if you like and I suggest to use your precious time to study the basics first. Thanks.
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  • #3,408
  • Feb 22, 2017 5:13am Feb 22, 2017 5:13am
Quoting Lock
Please, this thread is dedicated to professionals. I generally answer any kind of questions but in order to speed up the environment and to let other treaders follow this analysis in a continuous way, abstain by basic questions. Istead observe this thread if you like and I suggest to use your precious time to study the basics first. Thanks.
thanks, I shall refrain from the questions now and continue to observe, my apologies
  • #3,409
  • Feb 22, 2017 5:14am Feb 22, 2017 5:14am
Quoting Lock
Please, this thread is dedicated to professionals. I generally answer any kind of questions but in order to speed up the environment and to let other treaders follow this analysis in a continuous way, abstain by basic questions. Istead observe this thread if you like and I suggest to use your precious time to study the basics first. Thanks.
i guess that was intended for me... i do apologise. thanks
  • #3,410
  • Feb 22, 2017 5:14am Feb 22, 2017 5:14am
Quoting Piphunter00
{quote} thanks, I shall refrain from the questions now and continue to observe, my apologies
Quoting titi14
{quote} i guess that was intended for me... i do apologise. thanks
No problem at all. You're both welcome. And it was intended for all those who approached this matter for the first time or for those who did not "completed" the basic preparation.
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  • #3,411
  • Feb 22, 2017 5:30am Feb 22, 2017 5:30am
i went long on 2440 TP 2500. based on the bounce from 2436 and no acceptation below it...
  • #3,412
  • Feb 22, 2017 5:37am Feb 22, 2017 5:37am
Quoting titi14
i went long on 2440 TP 2500. based on the bounce from 2436 and no acceptation below it...
guess i was wrong again
  • #3,413
  • Feb 22, 2017 5:37am Feb 22, 2017 5:37am
Quoting Lock
{quote} {quote} No problem at all. You're both welcome. And it was intended for all those who approached this matter for the first time or for those who did not "completed" the basic preparation.
I'm thinking whats possibly transpiring now is day timeframes have bought the previous gb high one time too many especially if H period results in holding this level one more time, if we eventually drop two ticks below 1.2439-7 and continue they will have to liquidate and this lends a hand to your scenario of heading for the poor references lower?
  • #3,414
  • Feb 22, 2017 5:43am Feb 22, 2017 5:43am
Quoting titi14
{quote} guess i was wrong again
titi14, from my understanding the process of trading a gap failure is all about swift rejection, theres probably some nuances to it and exceptions to the rule as everything in market profile lol but the successive bounces exactly from that level wasn't exactly promising also take into account that the rally in F period terminated right at the half back of D period and now were are back to the GB high again holding. lots of weakness, study the opportunity lock said he took this morning in regards to A period failing to settle above an old GB high, absolutely genius
  • #3,415
  • Feb 22, 2017 5:46am Feb 22, 2017 5:46am
Quoting titi14
{quote} guess i was wrong again
I did the same thing yesterday with the gap opening of the US pit session lool A period fell short of it two ticks and I got in, luckily scratched it when something just didn't feel right. But really the play was waiting to see if there was continuation in b period which lock took again, genius lol
  • #3,416
  • Feb 22, 2017 5:46am Feb 22, 2017 5:46am
too busy typing and watched exactly what I just said could possibly result in some down movement begin lol

jesus Christ talk about asymmetrical opportunity lock that trade from the morning was impeccable you are an inspiration LOL
  • #3,417
  • Feb 22, 2017 5:54am Feb 22, 2017 5:54am
Quoting Lock
17/02/22 Wednesday 08:55 +1GMT EARLY MORNING REPORT .... Price also broke above a very weak trend line started daily from 09.02 high holding price for 9 days. If price will be acceptated below it we could then go downside to test the other weak trend line started 19.01 and holding for 23 days. Remember that we could define a trend line as weak any time we see it tagged exactly for a substantial amount of time: as any exact reference it is mainly used by weak market participants while stronger timeframes...
And here we are at the lower trend line.
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  • #3,418
  • Feb 22, 2017 5:57am Feb 22, 2017 5:57am
Quoting Piphunter00
too busy typing and watched exactly what I just said could possibly result in some down movement begin lol jesus Christ talk about asymmetrical opportunity lock that trade from the morning was impeccable you are an inspiration LOL
If you missed a trade you missed a trade: so what? Stay tuned on what is occurring now and forget what you lost before. You could have new opportunities during the following hours. Best L.
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  • #3,419
  • Feb 22, 2017 6:00am Feb 22, 2017 6:00am
This is an attempted break below E inside period after the failure above it: for any meaningfull continuation we need acceptation below yesterday GB high at 24375. If not all the way up to composite poc at 2464. If instead we will have acceptation we could aim at yesterday GB low 2401 and eventually to a test at 2396.

We also need to start thinking at current price location in relation to yesterday pit range 24075-24783.
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  • #3,420
  • Feb 22, 2017 6:01am Feb 22, 2017 6:01am
Quoting Lock
{quote} If you missed a trade you missed a trade: so what? Stay tuned on what is occurring now and forget what you lost before. You could have new opportunities during the following hours. Best L.
oh I don't feel no way about missing at all its just the irony of it I found humorous lol that's always how it happens eh in all reality I probably wouldn't have taken it I'm having a lot of problems in terms of execution while processing all this new information at the moment and I think its due to the fact that trade setups using market profile are more situational setups as opposed to chart patterns which I came into contact with in the beginning of my journey and while they are subjective to some its still a matter of if you see xyz sell here stop here target here which is all very mechanical. I think I'm in a predicament where I am just unwinding a lot of stuff in my brain
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