Lock's Cable Corner

I was short when price went below 31155 due to impatience and got stop out after aggressive move up then i switch my bias to long after looking at what market tell us, as you say we need to take this market one piece at a time

closed the higher one, too risky. Left open the lower one.

You know, I felt that environment was very risky and problematic: I avoid to even stay in front of the monitors... to avoid such temptations.

31765 now is weak as it is a perfect tag. But take care as we are in the last hours of Friday and in a very emotional environment.

If you like my notes here, please subscribe me. Thank you.

I am flat as soon as 31765 got tagged, I am expecting clean break above that but its too late for me and i dont like it as we are in the last hours of friday ,need to preserve mental capital, I am done for the week but going to watch till close

Please anyone or members who trade using market profile as a tool to make trading decisions, share your insight here so that we can all learn the process together

I am the same

&&&& my week ends here! Don’t wana risk anything had a wonderful week
great weekend Lock see you next week

Next week everyone. All position closed at the second tag (poor high 31765 that I think cannot last absolutely). Have a nice continuation.

I'll attach here the current version of the tpo I use on my m30 chart. Even though I modified the original code I've no rights at all upon it as I found for free the main work on the net. It should be almost identical to the last one I posted here last time so for those who have it already installed, do nothing.

Simple instructions for non-expert:

1. uninstall wherever you want the zip;
2. from the contained folders copy the files into the respective folders (the folders with the same names) of your MT4 profile;
3. attach the indicator in your opened m30 chart with a black background, all bars, candles and line graph set to none, foreground set to white, ask and stop set to red;
4. set the chart with fixed limits and then adjust the chart boundaries as you like in order to have a constant visualization of the tpo profiles;
5. then you can mod the hours inside the indicator settings in order to stay tuned with your server time;
6. and you can also mod the letters dimension to visualize them as you like;
7. at this moment in time I suggest to save all the chart as a template in order to call it quickly if needed***;
8. if you want to see previous sessions profile splitted, set to true "ShowSplitProfileDay" and adjust the number of days you want to see splitted at "SplitProfileNumDays";

***Some operative suggestions for mt4 operators:

1. you should never operate in a future or spot market with a clear sentiment of possible huge abrupt movements.
2. you should always have a second mt4 platform ready to go with very simple settings that you can open in such situations in order to continue your operations even without your main indicators and data at least for a while.
3. you should always have a ready backup of your mt4 platform main data (chart profiles, templates, indicators profiles, et.) ready to be easily restored with the last saved configurations.
4. if you trade "professionally" (as your main or only profession) you should always operate with multiple workstations, with multiple and different net connections and with capable and reliable UPS in case of possible malfunctions, energy interruptions, etc.

I report here these suggestions as, for instance, in our particular tpo configuration, there is a major bug into this code that you must know (and if you are a coder, try to solve and share): very rarely in case of abrupt price movement where for some reasons a gap of data appear in your mt4 history, the indicator will crash. If this happen:

1. force the close of the platform interrupting the process by ending task "terminal.exe" using the task manager;
2. open the "profiles" folder of your mt4 containing the charts files (with extension .chr) and delete the chart where you put the indicator (you find it by number: if your TPO chart is the third in a raw of 6 charts opened at the moment of the crash, the file to delete should be chart03.chr);
3. re-open your mt4, create a new m30 chart and load the last TPO template you previously should have saved.

been waiting for this thank you so much

New week new opportunities lets get it guys

We are in a very significant location here:
Last week GB attempted its first breakout from October inside month range: it attempted above it (3149-50). If this action will succeed we have space to revisit GB September high 3482 that is also current 2020 absolute high.
If instead we will fail this attempt upside we have the opportunity to come back inside balance eventually retesting its base at 2819. So in both cases we have significant opportunities to profit.

Now, in order to evaluate the possible success or failure of last week attempt, let's start to consider most significant refs upside:
3194 2019 GB close (also January 2020 GB close!) that currently is being tested by Tokyo participants. For serious continuation upside we need clear and sure acceptation above it. If not...

In case of acceptation above it after GB open we can imagine to revisit GB Jan 2020 high at 32305 as a first step. In case of failure an attempted retest of 31615 last GB weekly close is almost sure. Also if GB will open around current price location, monitor for preservation or filling of the new possible gap upside from Friday GB high at 31565 (current GB November high)

31615 first crucial test of the day for GB

And 31565 is Friday GB high and current new gap upside base.

Price acceptation below them (31565 and 31615) could mean serious failure upside. At the contrary if rejected below them we could see a new attempt upside.

Note anyhow that the most serious re-test downside will occur when and if October GB high (3149-50) will be eventually reached (or not reached...)

And here we are: let's see for reaction here. Acceptation below it or rejection below it?

Now if we found acceptation below GB October high 3149-50 as we already have acceptation below 31565 and 31615 we can see something serious downside. Let's see.