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Lock's Cable Corner

  • #6,081
  • Edited 4:26am Feb 9, 2018 4:14am | Edited 4:26am
Quoting Mong00se
Hi, you mention weak highs/lows a lot. Could you describe what a "strong" high/low is and maybe show an example on a chart? Thanks.
We could consider weak a low or an high when it is a perfect (or almost perfect) tag of a well visible and known reference. A strong low or high, is consequently, a low or an high that has left an excess above or below a particular well know reference, in the form of a selling or buying tale.

EXAMPLE OF A POOR HIGH AND OF A WEAK HIGH
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-02-09_11-15-22_weak_poor_strong levels.jpg Size: 227 KB


EXAMPLE OF A STRONG HIGH (relative to that particular day in this case)
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-02-09_11-20-28_stronger high example.jpg Size: 165 KB


NOTE: Strong and weak are always relative indications.
Ubi maior minor cessat
  • #6,082
  • Feb 9, 2018 4:29am Feb 9, 2018 4:29am
I suggest to stay tuned to this post:

Quoting Lock
{quote} It has been rejected and as you see the entire action downside originated exactly from 39785. But now we are testing 3926 yesterday GB close. Remember that for any serious continuation downside, acceptation below it and below yesterday GB spike base 3908 is required*. If not, remember that current high 39785 is weak and poor. *In fact in the early morning report I wrote: {quote} It's worth to note that the entire GB session is exactly...
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  • #6,083
  • Feb 9, 2018 5:13am Feb 9, 2018 5:13am
Lock, I am attempting to install the "suite" of indicators you last uploaded on 29/3/2017 with no luck. Is this the current set? Finished Dalton book, now to the Lock book!
TULKAS
  • #6,084
  • Feb 9, 2018 5:55am Feb 9, 2018 5:55am
Quoting Lock
2018/02/09 FRIDAY 08:02 +1GMT EARLY MORNING REPORT During the last two days price tested again the main references downside (3853, 38428 and 38355): both times it failed to get acceptation below them. Interesting enough is the fact that in doing so price action left downside a couple more of bad weaknesses: an other pit poor low at 38483 and a GB poor low at 38455. And these new weak levels piled on the already existing cluster of weak levels below our main references: 38205, 3805 and 37925. Furthermore yesterday...
Price retesting main references (3853, 38428 and 38355)for the third time in a row. Acceptation below them needed for serious continuation downside. Very elongated profile.
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  • #6,085
  • Feb 9, 2018 6:09am Feb 9, 2018 6:09am
Quoting Tulkas
Lock, I am attempting to install the "suite" of indicators you last uploaded on 29/3/2017 with no luck. Is this the current set? Finished Dalton book, now to the Lock book!
It was an old settings for the tpo tool, not a new version of it. It was only a .set file to put in the ....\MQL4\Presets folder.
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  • #6,086
  • Feb 9, 2018 6:14am Feb 9, 2018 6:14am
Quoting Lock
Monitor very carefully for acceptation or rejection above 39785 as there are big odds that this level could make our day.
I pretend an applause here as this single information provided a position of 169 pips, making, I hope, the day for many of you. Am I correct?
Ubi maior minor cessat
  • #6,087
  • Feb 9, 2018 6:22am Feb 9, 2018 6:22am
Quoting Lock
{quote} I pretend an applause here as this single information provided a position of 169 pips, making, I hope, the day for many of you. Am I correct?
yes lock..
however i still have hold my old short from 1.4316
all today short tP already..
thanks
just for a cup of coffee...
  • #6,088
  • Feb 9, 2018 6:25am Feb 9, 2018 6:25am
Quoting akim0895
{quote} yes lock.. however i still have hold my old short from 1.4316 all today short tP already.. thanks
Btw 43? For how many months did you hold it? Is it from the brexit break?
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  • #6,089
  • Feb 9, 2018 6:32am Feb 9, 2018 6:32am
Quoting Lock
{quote} Btw 43? For how many months did you hold it? Is it from the brexit break?
yes lock..
only keep for fews weeks with small accounts
usually i not keeps more than 1 weeks..
just for a cup of coffee...
  • #6,090
  • Feb 9, 2018 6:32am Feb 9, 2018 6:32am
Very stretched profile. Watch out. Major composite poc around here is at 3794. Other close weaknesses are at 37925 and 3729. But I repeat it: watch out.
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  • #6,091
  • Feb 9, 2018 6:41am Feb 9, 2018 6:41am
Quoting akim0895
{quote} yes lock.. only keep for fews weeks with small accounts usually i not keeps more than 1 weeks..
Cool.
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  • #6,092
  • Feb 9, 2018 6:42am Feb 9, 2018 6:42am
Quoting Lock
Very stretched profile. Watch out. Major composite poc around here is at 3794. Other close weaknesses are at 37925 and 3729. But I repeat it: watch out.
from i read your writing n my system
so want to test with small account n hold for fews weeks..
hope next weeks can see 1.366
just for a cup of coffee...
  • #6,093
  • Feb 9, 2018 6:43am Feb 9, 2018 6:43am
Quoting Lock
Very stretched profile. Watch out. Major composite poc around here is at 3794. Other close weaknesses are at 37925 and 3729. But I repeat it: watch out.
I'll be off for a while. Composite poc 3794 tagged Too risky for me now. I'll wait for US sessions. (Not suggesting anything for you , it's personal) See you later. Have a nice continuation. Best.
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  • #6,094
  • Feb 9, 2018 7:01am Feb 9, 2018 7:01am
Quoting Lock
{quote} I'll be off for a while. Composite poc 3794 tagged Too risky for me now. I'll wait for US sessions. (Not suggesting anything for you , it's personal) See you later. Have a nice continuation. Best.
btw lock..
forgot to ask u lock..
some of your writing i also screenshot n keep for my research..
sometimes its take a little time to open n scroll..
so i screenshot which note is important..
just for a cup of coffee...
  • #6,095
  • Feb 9, 2018 7:31am Feb 9, 2018 7:31am
Quoting akim0895
{quote} btw lock.. forgot to ask u lock.. some of your writing i also screenshot n keep for my research.. sometimes its take a little time to open n scroll.. so i screenshot which note is important..
newbie like me need more to learn from u n other trader here at fx factory..
just for a cup of coffee...
  • #6,096
  • Feb 9, 2018 10:34am Feb 9, 2018 10:34am
D inside period: balance rules apply.
Ubi maior minor cessat
  • #6,097
  • Feb 9, 2018 10:38am Feb 9, 2018 10:38am
Quoting akim0895
{quote} newbie like me need more to learn from u n other trader here at fx factory..
Everyone here needs to learn, me included. Screenshot this. Best, L.
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  • #6,098
  • Feb 12, 2018 10:03am Feb 12, 2018 10:03am
C inside period: balance rules apply.
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  • #6,099
  • Feb 13, 2018 9:29am Feb 13, 2018 9:29am
B inside period: balance rules apply again.
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  • #6,100
  • Feb 13, 2018 9:41am Feb 13, 2018 9:41am
Dear Lock, thanks for sharing.
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