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Lock's Cable Corner

  • #6,581
  • Mar 5, 2020 8:59am Mar 5, 2020 8:59am
Quoting HiImNew
{quote} Thanks Lock! Appreciate your patience in explaining basic stuffs to newbies like me. Is there any website or place that you would recommend for new guys to learn? I have lots of questions and i dont think its wise to spam your thread with it.
Well, I'm not a Jim Dalton promoter but I can say here that what I learned come mainly from his teachings (and years of experience). Btw most of what he told on the net is completely free: just search for his free webinars.
Only a note: it will take a substantial amount of time and efforts and it will not be easy.

Finally a suggestion: do not trade real money. You're lucky enough to understand you're new in this work: this is not a place where you're gonna learn step by step. Your competitors are the best in the world. If you want to survive and profit you need to start at their level or more. Consider this carefully even before to approach your learning process.
Ubi maior minor cessat
  • #6,582
  • Mar 5, 2020 9:04am Mar 5, 2020 9:04am
Quoting Lock
{quote} After six periods after the attempted rally from B period balance here we are at 2934-5-6. Two possibilities here, continue higher to a test of 2954 or remain in balance around 2920. Let's see. A correction downside in order to correct the poor structure is also possible but note that we have acceptation above 2896-8.
we inherited balance around 2920 from previous session. Watch out as current preUS and pit ranges are too narrow. Balance rules apply.
Ubi maior minor cessat
  • #6,583
  • Mar 5, 2020 9:09am Mar 5, 2020 9:09am
Quoting Lock
{quote} {quote} New gap upside from yesterday pit high 28725: monitor for acceptation or rejection above 2909
testing 2909 from above
Ubi maior minor cessat
  • #6,584
  • Mar 5, 2020 9:14am Mar 5, 2020 9:14am
Quoting Lock
{quote} we inherited balance around 2920 from previous session. Watch out as current preUS and pit ranges are too narrow. Balance rules apply.
Consider preUS session as a balance.
Ubi maior minor cessat
  • #6,585
  • Mar 5, 2020 9:31am Mar 5, 2020 9:31am
Quoting Lock
{quote} testing 2909 from above
Now we got 2 periods closed above 2909.Take note
Ubi maior minor cessat
  • #6,586
  • Mar 5, 2020 9:38am Mar 5, 2020 9:38am
Quoting Lock
{quote} Now we got 2 periods closed above 2909.Take note
Note C period low tagged exactly 2909. In any case in my opinion balance rules will dictate the outcome of current situation and as written the balance is preUS session
Ubi maior minor cessat
  • #6,587
  • Mar 5, 2020 9:40am Mar 5, 2020 9:40am
In case of rally upside, major refs are obviously: 2942, 2972-75.
Ubi maior minor cessat
  • #6,588
  • Mar 5, 2020 11:32am Mar 5, 2020 11:32am
Quoting Lock
In case of rally upside, major refs are obviously: 2942, 2972-75.
So it rallied upside and started testing 2942
Watch out F period is an inside one: balance rules apply
Ubi maior minor cessat
  • #6,589
  • Mar 5, 2020 11:38am Mar 5, 2020 11:38am
Quoting Lock
{quote} So it rallied upside and started testing 2942 Watch out F period is an inside one: balance rules apply
new attempted rally: poor high
Ubi maior minor cessat
  • #6,590
  • Mar 5, 2020 11:42am Mar 5, 2020 11:42am
Quoting Lock
{quote} new attempted rally: poor high
If it will succeed we could aim at a retest of 2972-5 if it will fail we could imagine balance around 2934-5-6 major yearly poc or even a correction downside.
Ubi maior minor cessat
  • #6,591
  • Mar 5, 2020 11:45am Mar 5, 2020 11:45am
Quoting Lock
{quote} Well, I'm not a Jim Dalton promoter but I can say here that what I learned come mainly from his teachings (and years of experience). Btw most of what he told on the net is completely free: just search for his free webinars. Only a note: it will take a substantial amount of time and efforts and it will not be easy. Finally a suggestion: do not trade real money. You're lucky enough to understand you're new in this work: this is not a place where you're gonna learn step by step. Your competitors are the best in the world. If you want to survive...
Great advice sir, appreciate it. I would be back someday to trade when im ready! Best of luck to your cable corner and may you earn lots of pips!
  • #6,592
  • Mar 5, 2020 12:20pm Mar 5, 2020 12:20pm
Quoting Lock
{quote} If it will succeed we could aim at a retest of 2972-5 if it will fail we could imagine balance around 2934-5-6 major yearly poc or even a correction downside.
So it failed and start balancing around 2934-5-6: but I do not like that poor high...
Ubi maior minor cessat
  • #6,593
  • Mar 5, 2020 12:32pm Mar 5, 2020 12:32pm
Quoting Lock
{quote} So it failed and start balancing around 2934-5-6: but I do not like that poor high...
Now if it will liquidate from here, carry forward this info as that one is poor month high
Ubi maior minor cessat
  • #6,594
  • Mar 5, 2020 12:42pm Mar 5, 2020 12:42pm
Hi ,i think we may see 1.3 and above tomorrow, looks like its temporaly turn to bulish,

thanks for your work here you doing great ,

trade safe
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #6,595
  • Mar 6, 2020 2:10am Mar 6, 2020 2:10am
Quoting Lock
{quote} Now if it will liquidate from here, carry forward this info as that one is poor month high
And in fact it couldn't last...

Now: GB new gap upside. Price is between main refs 2954 and 2985: if acceptation above things could really change upside. If rejection, watch out as you may assist to balance or correction downside

Other important refs are 29775 (acceptation needed above it for continuation) and last GB week high 29953: only taking out last week high we will see a possible interruption of current weekly trend downside.
Ubi maior minor cessat
  • #6,596
  • Mar 6, 2020 2:17am Mar 6, 2020 2:17am
Finally 29645 02_21 GB weekly close and 29375 yesterday GB close
Ubi maior minor cessat
  • #6,597
  • Mar 6, 2020 2:36am Mar 6, 2020 2:36am
Quoting Lock
{quote} And in fact it couldn't last... Now: GB new gap upside. Price is between main refs 2954 and 2985: if acceptation above things could really change upside. If rejection, watch out as you may assist to balance or correction downside Other important refs are 29775 (acceptation needed above it for continuation) and last GB week high 29953: only taking out last week high we will see a possible interruption of current weekly trend downside.
Remember that on a monthly and weekly perspective the only references to consider are 2954 (currently below price action) 2985 and 29953: only a clear acceptation above all these refs could determine a change on a major scale, otherwise we still are in a monthly and weekly one time framing action downside
Ubi maior minor cessat
  • #6,598
  • Mar 6, 2020 2:45am Mar 6, 2020 2:45am
If it will test 2954 watch out as things could happen there

note a poor high 29815 followed by an other old poor high 29925: carry forward this info

Quoting Lock
If it will test 2954 watch out as things could happen there
The same importance has given by 2985 and 29953: as written early this morning these three refs are crucial
Ubi maior minor cessat
  • #6,599
  • Mar 6, 2020 2:58am Mar 6, 2020 2:58am
B inside period: balance rules apply
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  • #6,600
  • Mar 6, 2020 3:13am Mar 6, 2020 3:13am
Quoting Lock
B inside period: balance rules apply
Attempted rally from balance: testing 2985
Ubi maior minor cessat
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