Lock's Cable Corner | Page 328 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Mysterio's Cable Corner -- Key Levels, Price Action & Order Flow 785 replies

Updating stops to lock in profits 3 replies

lock pattern for global variable in MT4 2 replies

Attachments: Lock's Cable Corner
Exit Attachments

Lock's Cable Corner

  • #6,541
  • Mar 3, 2020 3:42am Mar 3, 2020 3:42am
So, it opened inside yesterday range, tested its high at 28105, failed above and retraced downside: note the double test of February GB close 27765. And it got no acceptation above yesterday GB close 27895. Also note that it got no acceptation above NOV 19 low 2793.
Ubi maior minor cessat
  • #6,542
  • Mar 3, 2020 3:54am Mar 3, 2020 3:54am
Yesterday PIT range is an inside one: balance rules will apply at PIT open
Ubi maior minor cessat
  • #6,543
  • Mar 3, 2020 4:03am Mar 3, 2020 4:03am
Retesting 2793: watch out
Ubi maior minor cessat
  • #6,544
  • Mar 3, 2020 4:05am Mar 3, 2020 4:05am
Retesting open
Ubi maior minor cessat
  • #6,545
  • Mar 3, 2020 4:07am Mar 3, 2020 4:07am
Quoting Lock
Retesting 2793: watch out
If we get acceptation above 2793, things gonna change. And a new test of 2861 is possible. If not, expect strong correction downside toward 2740 weak month low.
Ubi maior minor cessat
  • #6,546
  • Mar 3, 2020 4:10am Mar 3, 2020 4:10am
2806 is yesterday GB open: any serious action upside needs acceptation above it. If not...
Ubi maior minor cessat
  • #6,547
  • Mar 3, 2020 4:12am Mar 3, 2020 4:12am
Quoting Lock
So, it opened inside yesterday range, tested its high at 28105, failed above and retraced downside: note the double test of February GB close 27765. And it got no acceptation above yesterday GB close 27895. Also note that it got no acceptation above NOV 19 low 2793.
Retesting yesterday GB high 28105.
Ubi maior minor cessat
  • #6,548
  • Mar 3, 2020 4:29am Mar 3, 2020 4:29am
2806 and 28105 both rejected. Monitor for acceptation or rejection above 2793 that as said is crucial.
Ubi maior minor cessat
  • #6,549
  • Mar 3, 2020 4:30am Mar 3, 2020 4:30am
Quoting Lock
2806 and 28105 both rejected. Monitor for acceptation or rejection above 2793 that as said is crucial.
We closed last period slightly below 2793.
Ubi maior minor cessat
  • #6,550
  • Mar 3, 2020 4:49am Mar 3, 2020 4:49am
F period could be an inside one: if so balance rules apply. Note that of the first 5 period of GB session no one closed above 2793.
Ubi maior minor cessat
  • #6,551
  • Mar 3, 2020 4:51am Mar 3, 2020 4:51am
Now, if we will have clear rejection above 2973, as said I expect a strong correction downside toward 2740:but in any case we need acceptation below FEB GB close 27765. If not rotation is possible.
Ubi maior minor cessat
  • #6,552
  • Mar 3, 2020 5:01am Mar 3, 2020 5:01am
Quoting Lock
2806 is yesterday GB open: any serious action upside needs acceptation above it. If not...
Quoting Lock
{quote} Retesting yesterday GB high 28105.
When I saw clear rejection above yesterday high 28105 and open 2806 levels a placed my shot positions. Let's see: balance rules apply as F period is an inside one. No periods closed above 2793.
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-03-03_2-58-12_GB short.png Size: 61 KB
Ubi maior minor cessat
  • #6,553
  • Mar 3, 2020 5:05am Mar 3, 2020 5:05am
Quoting Lock
Now, if we will have clear rejection above 2973, as said I expect a strong correction downside toward 2740:but in any case we need acceptation below FEB GB close 27765. If not rotation is possible.
If I'll not see a clear acceptation below FEB GB close 27765, I'll scale out some of my shorts. I want to see it conquered to remain fully engaged in those positions.
Ubi maior minor cessat
  • #6,554
  • Mar 3, 2020 5:08am Mar 3, 2020 5:08am
Quoting Lock
{quote} If I'll not see a clear acceptation below FEB GB close 27765, I'll scale out some of my shorts. I want to see it conquered to remain fully engaged in those positions.
Attempted break below F period: testing 27765. Let's see
Ubi maior minor cessat
  • #6,555
  • Mar 3, 2020 5:11am Mar 3, 2020 5:11am
Closed 1/3
Ubi maior minor cessat
  • #6,556
  • Mar 3, 2020 5:15am Mar 3, 2020 5:15am
Quoting Lock
{quote} Attempted break below F period: testing 27765. Let's see
Note the struggling there. Ask yourself: how many retail traders have any idea about the importance of 27765 level?
Ubi maior minor cessat
  • #6,557
  • Mar 3, 2020 5:25am Mar 3, 2020 5:25am
Quoting Lock
{quote} Note the struggling there. Ask yourself: how many retail traders have any idea about the importance of 27765 level?
This struggling force me to close some more: maybe I've been too conservative (as always): let's see
Ubi maior minor cessat
  • #6,558
  • Mar 3, 2020 5:30am Mar 3, 2020 5:30am
Watch out: it looks rejected and balance rules apply. A possible new test of 2793 is possible if we will not see a clear new successful attempt below 27765. I still have 1/3 of my initial short open
Ubi maior minor cessat
  • #6,559
  • Mar 3, 2020 5:35am Mar 3, 2020 5:35am
Quoting Lock
{quote} This struggling force me to close some more: maybe I've been too conservative (as always): let's see
Look: I don't want to mislead anyone here: it's me. I'm always very conservative as a rule for survival in this competition.
Ubi maior minor cessat
  • #6,560
  • Mar 3, 2020 5:44am Mar 3, 2020 5:44am
Quoting Lock
Now, if we will have clear rejection above 2973, as said I expect a strong correction downside toward 2740:but in any case we need acceptation below FEB GB close 27765. If not rotation is possible.
And that's what we got: rotation. It could retest again downside, eventually after a retest of 2793. I any case I'm off for today.
PS: if for any reason you'll see acceptation above 2793, well, it's a major ref, so watch out

Have a nice trading.

Quoting Lock
Watch out: it looks rejected and balance rules apply. A possible new test of 2793 is possible if we will not see a clear new successful attempt below 27765. I still have 1/3 of my initial short open
Here we are. Have a nice day.
Ubi maior minor cessat
2 traders viewing now