Lock's Cable Corner | Page 381 | 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

  • #7,601
  • Nov 19, 2020 4:04am Nov 19, 2020 4:04am
Quoting Lock
.... So the current low of this gap at 32045 is very important (for current GB session but especially for next preUS).
We got already 5 periods who bought at or slightly above 32045.... This to stress its importance...
Ubi maior minor cessat
  • #7,602
  • Nov 19, 2020 4:09am Nov 19, 2020 4:09am
Quoting Lock
{quote} failed above B period high and above 3227 and here we are at the opposite side of B: test of 3250 and 3194 or ugly balance?
I sold after 3227 failure but why I always think to the worst?? And I'm almost always right?
Ubi maior minor cessat
  • #7,603
  • Nov 19, 2020 4:15am Nov 19, 2020 4:15am
Quoting Lock
{quote} I sold after 3227 failure but why I always think to the worst?? And I'm almost always right?
I do that at times question my own analysis and get confused
  • #7,604
  • Nov 19, 2020 4:16am Nov 19, 2020 4:16am
Now it goes to test: 5 periods low.. and...
Ubi maior minor cessat
  • #7,605
  • Nov 19, 2020 4:19am Nov 19, 2020 4:19am
Quoting Lock
Now it goes to test: 5 periods low.. and...
Hmmm watching with hawk eyes
  • #7,606
  • Nov 19, 2020 4:19am Nov 19, 2020 4:19am
the fact is that they did not take out that miserable 3319 upstairs and then they have not found serious sellers to conduct such a sell operation. And then we are forced to go alongside very weak sellers... And sometimes it is too much and sometimes someone realizes that...
Ubi maior minor cessat
  • #7,607
  • Nov 19, 2020 4:46am Nov 19, 2020 4:46am
Quoting Lock
the fact is that they did not take out that miserable 3319 upstairs and then they have not found serious sellers to conduct such a sell operation. And then we are forced to go alongside very weak sellers... And sometimes it is too much and sometimes someone realizes that...
A you see. I'm off for now. PreUS and pit needed to understand the situation. Clearly current low is extraordinary weak but if you have no sellers...
Ubi maior minor cessat
  • #7,608
  • Nov 19, 2020 4:55am Nov 19, 2020 4:55am
Quoting Lock
the fact is that they did not take out that miserable 3319 upstairs and then they have not found serious sellers to conduct such a sell operation. And then we are forced to go alongside very weak sellers... And sometimes it is too much and sometimes someone realizes that...
I really hate myself any time I become some sort of a prophet...3264 is the limit of this thing unless I really am a prophet..
Ubi maior minor cessat
  • #7,609
  • Nov 19, 2020 4:57am Nov 19, 2020 4:57am
have a look at the main GB refs anyhow to calibrate possible res.
Ubi maior minor cessat
  • #7,610
  • Nov 19, 2020 4:57am Nov 19, 2020 4:57am
Quoting Lock
{quote} I really hate myself any time I become some sort of a prophet...3264 is the limit of this thing unless I really am a prophet..
  • #7,611
  • Nov 19, 2020 5:02am Nov 19, 2020 5:02am
And now we are on the good side of that gap upside, meaning above it (above 3239) so if GB and preUS will not close below it we will not have that problematic double gap I was speaking about from early in the morning and that stop the sell action until now.
Ubi maior minor cessat
  • #7,612
  • Nov 19, 2020 5:06am Nov 19, 2020 5:06am
Quoting Lock
have a look at the main GB refs anyhow to calibrate possible res.
like 3250 old spike base as written in the first post.

and for God sake: what ever the result of this short covering (even if it will go up to 3319!) do not forget that low at 32045! Sign in red this level in your chart as before or after it will be retaken for sure.
Ubi maior minor cessat
  • #7,613
  • Nov 19, 2020 5:10am Nov 19, 2020 5:10am
Quoting Lock
{quote} like 3250 old spike base as written in the first post. and for God sake: what ever the result of this short covering (even if it will go up to 3319!) do not forget that low at 32045! Sign in red this level in your chart as before or after it will be retaken for sure.
Noted
  • #7,614
  • Nov 19, 2020 5:48am Nov 19, 2020 5:48am
Quoting Lock
{quote} I really hate myself any time I become some sort of a prophet...3264 is the limit of this thing unless I really am a prophet..
3264 is not a magic number : it's only yesterday GB low, meaning the base of the new GB gap downside. So I imagine that price can fill that gap. Now if we find acceptation above it, well in that case we can see something more. If not: waiting for preUS and Pit.
Ubi maior minor cessat
  • #7,615
  • Nov 19, 2020 5:52am Nov 19, 2020 5:52am
Quoting Lock
{quote} 3264 is not a magic number : it's only yesterday GB low, meaning the base of the new GB gap downside. So I imagine that price can fill that gap. Now if we find acceptation above it, well in that case we can see something more. If not: waiting for preUS and Pit.
I mean , if this is only a short cover: that's it, it's over. If there is something more (3319?) we have to get acceptation above 3264. And we have only 2 periods left for GB
Ubi maior minor cessat
  • #7,616
  • Nov 19, 2020 6:04am Nov 19, 2020 6:04am
Quoting Lock
{quote} I mean , if this is only a short cover: that's it, it's over. If there is something more (3319?) we have to get acceptation above 3264. And we have only 2 periods left for GB
Hi Lock, I am new here.

Sorry but can you clarify what acceptation means? an hourly/4H/daily candle close above it? Thank you in advance.
  • #7,617
  • Nov 19, 2020 6:42am Nov 19, 2020 6:42am
Quoting Loey
{quote} Hi Lock, I am new here. Sorry but can you clarify what acceptation means? an hourly/4H/daily candle close above it? Thank you in advance.
acception simply means a candle closing above a specified price level
  • #7,618
  • Nov 19, 2020 7:20am Nov 19, 2020 7:20am
Quoting mrmeth
{quote} acception simply means a candle closing above a specified price level
Thanks you, cheers!
  • #7,619
  • Nov 19, 2020 7:46am Nov 19, 2020 7:46am
Quoting mrmeth
{quote} acception simply means a candle closing above a specified price level
I've written about acceptation or rejection many times in this thread and I repeat it here: acceptation technically means at least a couple of m30 periods closed above or below a certain level but, first of all perfection kills, secondly acceptation has always to be correlated to numerous other factors developing in any given context. For instance how price was moving toward that particular level before to reach it, how good or bad was the structure above or below that level, have we or we have not good reasons to continue any higher or any lower. A good trader does not trade in a vacuum a good trader trades having an holistic vision of the environment in which he is operating. Without that holistic view any technical data, considered in a separate way, can easily mislead you.

Let's make a real life example and not a cherry picked one: before to reach 3264 I announced "3264 is the limit of this thing" and I have good reasons to say that that I explained in the following post. So in that particular case I've a good reason to imagine that something can go wrong at that particular level and as a consequence, if I see that something goes wrong, I can be more fast to revert and decide to go against the previous upside action. Furthermore I knew that GB had only 2 periods left before preUS open and then, even if we could find acceptation above it, new preUS participants could have revert it immediately after that.
Without those reasons maybe I could have wait more for a possible retest of it, eventually searching for acceptation above it. With those reasons in my mind I could do a couple of things: sell immediately or wait for preUS. I decided to wait and maybe I have been wrong, but at least I knew what was better in order to not loose my money.
Ubi maior minor cessat
  • #7,620
  • Nov 19, 2020 7:51am Nov 19, 2020 7:51am
Quoting Lock
{quote} I've written about acceptation or rejection many times in this thread and I repeat it here: acceptation technically means at least a couple of m30 periods closed above or below a certain level but, first of all perfection kills, secondly acceptation has always to be correlated to numerous other factors developing in any given context. For instance how price was moving toward that particular level before to reach it, how good or bad was the structure above or below that level, have we or we have not good reasons to continue any higher or...

Well explained
3 traders viewing now