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Lock's Cable Corner

  • #1,361
  • Oct 27, 2016 6:32am Oct 27, 2016 6:32am
Quoting Devart
{quote} Yes this is true, but I mean that randomly start big movement...consider this morning...25 october. It is damn difficult to trade

Let's analyze what you have just written: you said it was a very narrow range ruled by weak hands: correct?
Now the news moved the price randomly as you said (only partially true considering the mess of weaknesses above sure targets for GB, but let's say it was effectively a random move, ok?) During the "random move" a big one as you correctly described it, price left behind a huge minus development in C and a lot of single pips in D.
Now: how could such a move be supported by strong hands? No way. OK? So stronger hands (slightly stronger hands) could only act against such a move because their main work in the market is exactly to search and find a weak sharp move supported only by weak hands, just in order to go against it.
And in fact it is exactly what happened. When slightly stronger hands found weak hands piling on a weak "random" move, they simply sold against them.
So even if the break was "impossible" to follow, because it was "random", the counter move was more than expected and this is exactly the reason why iI wrote about it well before it effectively become real.
Ubi maior minor cessat
  • #1,362
  • Oct 27, 2016 6:40am Oct 27, 2016 6:40am
Quoting Lock
13:16 Very suspect range for I period. Watch out for a correction. remember that even ifwe are in one timeframing mode we are also in a rotational environment.
This is an other example: how could I "predict" the current minor correction? I can assure I'm not a wizard nor an insider trader. It was only a fact of odds. I know, considering the references used to go higher, that those who are ruling this market are still weak hands. When I saw a I period stalling with a very narrow range (initially at least it was very narrow) I understood that the weak hands were not able to support anymore such a correction upside. Also I know that the pole of attraction at the composite poc was working against this move upwards. Also I know that we had alredy 4 anomalies going upside. Conclusion? I only supposed that a minor correction downside at that moment in time was possible. And this is what happened.
Ubi maior minor cessat
  • #1,363
  • Oct 27, 2016 6:40am Oct 27, 2016 6:40am
Quoting Lock
{quote} Let's analyze what you have just written: you said it was a very narrow range ruled by weak hands: correct? Now the news moved the price randomly as you said (only partially true considering the mess of weaknesses above sure targets for GB, but let's say it was effectively a random move, ok?) During the "random move" a big one as you correctly described it, price left behind a huge minus development in C and a lot of single pips in D. Now: how could such a move be supported by strong hands? No way. OK? So stronger hands (slightly stronger...
Ok it logic !
At this point considering that now there are weak hands and in ambush some slightly stronger hands, the top created by strong hands (D) is a strong resistence point.
We have a gap up with US session and now we are testing the top of yesterday us session, the trend is up for weak hands.
So now considering this, is more strong the weak hands trend or the maximum of slightly strong hands ?
  • #1,364
  • Oct 27, 2016 6:44am Oct 27, 2016 6:44am
A second question.
the Slightly strong hands were in D and it is logical.
Also the C was done by C slightly strong hands?
  • #1,365
  • Oct 27, 2016 6:45am Oct 27, 2016 6:45am
Quoting Devart
{quote} Ok it logic ! At this point considering that now there are weak hands and in ambush some slightly stronger hands, the top created by strong hands (D) is a strong resistence point. We have a gap up with US session and now we are testing the top of yesterday us session, the trend is up for weak hands. So now considering this is more strong the weak hands trend or the maximum of slightly strong hands ?
D high is only slightly stronger than those who bought during news. It is not a particular strong high. We are still in a market totally ruled by weak hands below and above. To answer the question you made I need more information now. Because I need to know first: if upcoming pit session or preUS session will open above or below yesterday pit high at 22486. If above I got to know it the gap is big or not. Then I have to verify if it will be easily retraced or not. After all these info I could eventually understand what's going on and consequently where are the odds in favour.
Ubi maior minor cessat
  • #1,366
  • Oct 27, 2016 6:49am Oct 27, 2016 6:49am
Quoting Devart
A second question. the Slightly strong hands were in D and it is logical. Also the C was done by C slightly strong hands?
No, C is a product of initial weak hands (those who made the A low at round 2200) that siply follow, before any news, the initial break from B inside period of A, and then of new weak hands piling on it during news basing their decision to enter long only upon emotion and momentum. The same thing could be said for the initial part of the D period: the part that continued to go higher following the C break. The second part, the responsive portion of D, was instead made by slightly stronger hands.
Ubi maior minor cessat
  • #1,367
  • Oct 27, 2016 6:51am Oct 27, 2016 6:51am
Quoting Lock
{quote} No, C is a product of initial weak hands (those who made the A low at round 2200) that siply follow the initial break from B inside period of A, and then of new weak hands piling on it during news basing their decision to enter long only upon emotion and momentum. The same thing could be said for the initial part of the D period: the part that continued to go higher following the C break. The second part, the responsive portion of D, was instead made by slightly stronger hands.
BRILLIANT!!
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #1,368
  • Oct 27, 2016 6:54am Oct 27, 2016 6:54am
Quoting Lock
12:59 please note that we have already 3 anomalies below current price location. With upcoming I period open we will have 4 anomalies. Carry this information forward. Those anomalies are at: 2244-22445 2228-22315 2209-22115
Note that this little correction took out the first anomaly. And this is important because now we have only 2 anomalies below price.
Ubi maior minor cessat
  • #1,369
  • Oct 27, 2016 6:57am Oct 27, 2016 6:57am
Quoting Almo2312
{quote} BRILLIANT!!
Well, thank you very much indeed again. Let me say that this way of observing and analyze a market would have been totally impossible without the teachings of J Dalton to whom I forward a big part of your compliments.
Ubi maior minor cessat
  • #1,370
  • Oct 27, 2016 7:01am Oct 27, 2016 7:01am
Quoting Lock
{quote} Well, thank you very much indeed again. Let me say that this way of observing and analyze a market would have been totally impossible without the teachings of J Dalton to whom I forward a big part of your compliments.
I follow you and your tech is fix with mine and i very like the way you think ,

its rely make very sense for those who knowes the MKT DNA.

Cheers

Al.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #1,371
  • Oct 27, 2016 7:02am Oct 27, 2016 7:02am
14:02 Now, preUS opened inside yesterday pit session range (22105-22485) and just 1 single pip above yesterday pit unchanged at 2245: not a sign of strength or conviction in any direction. The information market is giving us is that nothing has changed from yesterday (this is the reason why they called the session close "unchanged").
Consequently initial acceptation of yesterday pit range and eventually tests above and or below it are expected.
Ubi maior minor cessat
  • #1,372
  • Oct 27, 2016 7:06am Oct 27, 2016 7:06am
Quoting Almo2312
{quote} I follow you and your tech is fix with mine and i very like the way you think , its rely make very sense for those who knowes the MKT DNA. Cheers Al.
Again, you're wellcome. Feel yourself free to put in this thread your opinions if you like. Best L.
Ubi maior minor cessat
  • #1,373
  • Oct 27, 2016 7:06am Oct 27, 2016 7:06am
In these months I am using MP.
It has helped me to have an idea about long term trading (strong hands) and most at all to have a deeper view when I open a trade with my trading style. --> in this situation is very usefull.

What I really do not understand is what tools weak hands uses to trade. I mean it in this way. Considering a single TPO in which the price move up and down in 30 mins I am able to say if in this TPO there are weak hands or not.
If a general pattern is composed by several TPO (A B C ETC ETC) I am able to trade.
Instead I have no idea how the traders that trade with TF lower than 5 minutes act.
I have an idea about what could be the TP, starting point or in same case the SL but I am not able to trade them.

What they use? Pivot points ? candlestick? some particular indicators as bollinger, VSI or something else?

Thank you
  • #1,374
  • Oct 27, 2016 7:11am Oct 27, 2016 7:11am
For example in this Pre us, the TPO A, moved between DM3 and 1 pip above yesterday US session.
How I could be able to trade a movement like this one ?
Right now the top of A lasted for sometime,
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  • #1,375
  • Oct 27, 2016 7:11am Oct 27, 2016 7:11am
Quoting Devart
In these months I am using MP. It has helped me to have an idea about long term trading (strong hands) and most at all to have a deeper view when I open a trade with my trading style. --> in this situation is very usefull. What I really do not understand is what tools weak hands uses to trade. I mean it in this way. Considering a single TPO in which the price move up and down in 30 mins I am able to say if in this TPO there are weak hands or not. If a general pattern is composed by several TPO (A B C ETC ETC) I am able to trade. Instead I have no...
They use exactly the references you have in front of your screen reading my posts: half back of any session range, unchanged from previous session, open of current one, early morning lows and highs (those made by A and B periods generally), highs and lows of overnight sessions (Tokyo and Sydney highs and lows), round numbers, etc..
Ubi maior minor cessat
  • #1,376
  • Oct 27, 2016 7:13am Oct 27, 2016 7:13am
Quoting Devart
For example in this Pre us, the TPO A, moved between DM3 and 1 pip above yesterday US session. How I could be able to trade a movement like this one ? Right now the top of A lasted for sometime, {image}
You have not to trade with them: you have to trade against them. When you see they are using exact references to make their movements, wait untill they made too much, when they put themselves in trouble, and then go against them. Anyway let me say that this approach is not a thing to do immediately. It took a lot of time to understend all these things and to put together in a usable way.

Follow the examples I'm doing in this thread and time after time you will start to grasp all the matter.
Ubi maior minor cessat
  • #1,377
  • Oct 27, 2016 7:19am Oct 27, 2016 7:19am
For instance: what weak hands are doing now? Or better, who is ruling this action? A period opened 1 single pip above yes unch. What did they do? They went below it 2 pips, they found nothing and now they are above yesterday high. To do what? To verify if there are buyers or sellers above that exact reference. What did they find? If they found sellers they will go again below unch in order to verify if ther they could find something new after the test above yes high, etc, etc, etc, ...
Ubi maior minor cessat
  • #1,378
  • Oct 27, 2016 7:22am Oct 27, 2016 7:22am
Quoting Lock
{quote} You have not to trade with them: you have to trade against them. When you see they are using exact references to make their movements, wait untill they made too much, when they put themselves in trouble, and then go against them. Anyway let me say that this approach is not a thing to do immediately. It took a lot of time to understend all these things and to put together in a usable way. Follow the example I'm doing in this thread and time after time you will start to grasp all the matter.
It seems easy but it is not easy.

My main problem is in this situation I have more or less the idea if they have made too much but I am not able to calculate the ratio profit/loss of this situation.

Maybe you are able to give me an idea about this.
These scalpers that ask too much open huge position for few time ? I mean positions of several lots
  • #1,379
  • Oct 27, 2016 7:25am Oct 27, 2016 7:25am
Quoting Devart
{quote} It seems easy but it is not easy. My main problem is in this situation I have more or less the idea if they have made too much but I am not able to calculate the ratio profit/loss of this situation. Maybe you are able to give me an idea about this. These scalpers that ask too much open huge position for few time ? I mean positions of several lots
It's not easy at all and it is not possible to describe all the information involved in a market in a sentence or in a post or even in a entire thread. The learning work is exatly the one concerning a continuos observation of market supported by someone who underline continuosly what you have to search for. Otherwise I think it is simply impossible.
Now let me do a little pause in our mailing. I need to follow what is going on in the current action. We will continue later if you like. Best L.

In the meanwhile follow what I'm writing here, if you like.
Ubi maior minor cessat
  • #1,380
  • Oct 27, 2016 7:28am Oct 27, 2016 7:28am
Quoting Lock
{quote} It's not easy at all and it is not possible to describe all the information involved in a market in a sentence or in a post or even ia complet thread. The learning work is exatly the one concerning a continuos observation of market supported by someone who underline continuosly what tou have to search for. Otherwise I think it is simply impossible. Now let me do a little pause in our mailing. I need to follow what is going one in the current action. We will continue later if you like. Best L.
This is, for me, the most stressfull type of trading. I suppose I will never do this kind of trading.
A curiosity, in this type of trading there is a ratio (profit/loss) that is considered tollerable ?
I mean, I have to gain 1 with the risk to loss 15 I suppose none will do this trade.
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