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Lock's Cable Corner

  • #1,921
  • Dec 4, 2016 5:20pm Dec 4, 2016 5:20pm
Quoting Lock
{quote} Hi Zaak, GB started correcting the Tokyo session too long inventories (liquidation): it continued liquidating down to D period low. At that point in time you know the following things: GB opened inside previous range/value (read for confirmation the erarly morning report): as you know when you . . . . .
each TPO period is an auction in it's self and has the properties of a session auction. it's putting it all together there are a lot of parts. thank you Lock.
  • #1,922
  • Dec 4, 2016 9:07pm Dec 4, 2016 9:07pm
Quoting Lock
{quote} Sorry, I do not know the tool this trader is using nor the settings of it. Try to ask him which times he set for the sessions, the row high of any letter and the timeframe is using (m30, H1, ...) Best L.

I was just asking if you know which indicator for MP is that one not about settings...since you don't know nothing to be sorry...no i wouldn't ask OP.
  • #1,923
  • Dec 4, 2016 9:24pm Dec 4, 2016 9:24pm
Quoting ruma29
Lock, do you know what might be this market profile? it gives different profile then other indicators.... example: http://www.forexfactory.com/showthre...87#post9294187
https://www.mql5.com/en/market/product/9008
Inserted Video
Markets are not efficient, rather they are effective - Jones
  • #1,924
  • Dec 4, 2016 10:00pm Dec 4, 2016 10:00pm
Quoting mzvega
{quote} https://www.mql5.com/en/market/product/9008 https://www.youtube.com/watch?v=cAHrg6kMbP0
Thank you.
  • #1,925
  • Dec 5, 2016 1:04am Dec 5, 2016 1:04am
Quoting ruma29
{quote} Thank you.
Well, it's made by the author of the one we are using here: He is a very skilled programmer

In the tool we are using I only added to his base code all the things I need for my analysis.
Ubi maior minor cessat
  • #1,926
  • Dec 5, 2016 1:35am Dec 5, 2016 1:35am
16/12/05 MONDAY 08:35+1GMT (edited untill 08:43)
EARLY MORNING REPORT

Friday GB session was an inside balancing one: so we are now in an attempted break out from it, above its range (25922-26385) and currently Tokyo is also above Thursday GB range (25063-26615)

If upcoming GB session will open around here we will have a gap higher from Friday GB session high. If the gap will be preserved we could have continuation upside, if not and/or if after a possible filling of the new gap upside we will find acceptation below Friday GB session high, we could have a full correction of Thursday/Friday GB sessions.

For GB session above current price location we still have the old big gap downside at 2788-2845. Before that we have the nearest biggest composite poc at 2733.

Note that Tokyo high is tagging the Friday pit session poor high at 2736: that is now extremely weak.

Below we lefft a poor low made by Friday pre US session at 26125 and a suspect Sydney low at 2635.

Below that, for pit session, we got the old DOUBLE PASS PIT GAP at 25255-25595: this is the main zone of interest downside because it is the real support of all this action upside. Note that below it we got the weekly breakeven at 25122 that is our most important level downside

Upside the main level (a go/ no go one) is given by the monthly bracket low at 27948: acceptation above it could lead to a substantial move upside. Rejection above it could lead to a substantial correction downside.
Ubi maior minor cessat
  • #1,927
  • Dec 5, 2016 1:59am Dec 5, 2016 1:59am
08:58 +1GMT

Remember that 2673 is the monthly breakeven upside: I forgot to underline this very important fact here!
Ubi maior minor cessat
  • #1,928
  • Dec 5, 2016 2:41am Dec 5, 2016 2:41am
Quoting Lock
16/12/05 MONDAY 08:35+1GMT (edited untill 08:43) EARLY MORNING REPORT ....Note that Tokyo high is tagging the Friday pit session poor high at 2736: that is now extremely weak. ....
09:41 taken out. Now for continuation we need acceptation above this level: if not..
Ubi maior minor cessat
  • #1,929
  • Dec 5, 2016 4:23am Dec 5, 2016 4:23am
11:23 +1GMT
For now we got no acceptation above Friday pit US poor high. At the same time the today GB gap higher is still in place. E period is currently inside period of D: if it will remain like this untill F open we could have a breakout from balance.
Ubi maior minor cessat
  • #1,930
  • Dec 5, 2016 4:28am Dec 5, 2016 4:28am
Note: all this move upside looks very suspect to me. Because the price action is grinding upwards from Friday without significant corrections downside... This does not mean it cannot continue higher from here, but it means that current action seems to be supported mainly by weak hands. At least for now.
Ubi maior minor cessat
  • #1,931
  • Dec 5, 2016 4:30am Dec 5, 2016 4:30am
11:30+1GMT
E period inside D.
Ubi maior minor cessat
  • #1,932
  • Dec 5, 2016 4:55am Dec 5, 2016 4:55am
Quoting Lock
11:30+1GMT E period inside D.
11:55
F inside E inside D...
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  • #1,933
  • Dec 5, 2016 5:35am Dec 5, 2016 5:35am
12:35 USDX attempted break downside
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  • #1,934
  • Dec 5, 2016 5:35am Dec 5, 2016 5:35am
G period failed below E period inside period/balance.
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  • #1,935
  • Dec 5, 2016 5:49am Dec 5, 2016 5:49am
Quoting Lock
G period failed below E period inside period/balance.
opposite side of E period/balance taken out as normal after the downside failure. BTW it's a very weak market for now.
Ubi maior minor cessat
  • #1,936
  • Dec 5, 2016 6:27am Dec 5, 2016 6:27am
13:27+1GMT For upcoming pit session the main initial reference will be the spike base at 2688: pit open above it could mean acceptation of the Friday test upside, while below it, rejection of it.
Ubi maior minor cessat
  • #1,937
  • Dec 5, 2016 6:55am Dec 5, 2016 6:55am
13:55 +1GMT
Full weak balance environment for current GB session. Pre US is going to open inside Friday pit session range and above Friday pit session spike base at 2688.
Ubi maior minor cessat
  • #1,938
  • Dec 5, 2016 7:16am Dec 5, 2016 7:16am
The fact is that we are in a one time framing higher daily but only supported by day timeframe traders and slightly bigger timeframes. So it is a very indecisive market. Currently preUS is up and down open: lack of conviction in any direction for now.

The pit US poor high is still a target for any US session. And we are above Friday pit spike base for now.
Ubi maior minor cessat
  • #1,939
  • Dec 5, 2016 7:19am Dec 5, 2016 7:19am
The thing I'm worried about right now is the lack of pit high for USDX. And the possible consequences in cable if eventually USDX will rally during this or next pit sessions in order to finally place a good high above that mess. This is one of the reasons why I'm not convinced by current cable up move. (even if we are in onetimeframing higher mode)
Ubi maior minor cessat
  • #1,940
  • Dec 5, 2016 7:41am Dec 5, 2016 7:41am
Price glued to open level. Incredibly weak market for now. This is too much: it should unfold from this too narrow range.
Ubi maior minor cessat
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