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Lock's Cable Corner

  • #2,461
  • Jan 13, 2017 2:56am Jan 13, 2017 2:56am
Quoting Zaak
{quote} and gaps in what ever session it is ,GB, Tokyo etc. require to be filed by the same period session, a GB gap is filled by GB session, Tokyo Gap is filled by Tokyo session etc. and can go back quite a few months.
And also not all gaps will be necessarly filled. Remember that a gap is a form of excess and it olso underligns the fact that a change occurred at some moment in time. This "change" could be confirmed over time, potentially forever.
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  • #2,462
  • Jan 13, 2017 3:07am Jan 13, 2017 3:07am
C low at half back: take note. This means that current attempt to fill the old multi pass gaps is occurring with the support of the weakest timeframes.
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  • #2,463
  • Jan 13, 2017 3:09am Jan 13, 2017 3:09am
Quoting Lock
{quote} And also not all gaps will be necessarly filled. Remember that a gap is a form of excess and it olso underligns the fact that a change occurred at some moment in time. This "change" could be confirmed over time, potentially forever.
thanks Lock, and HappyMe
  • #2,464
  • Jan 13, 2017 3:17am Jan 13, 2017 3:17am
Quoting Zaak
{quote} thanks Lock, and HappyMe
You're wellcome.
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  • #2,465
  • Jan 13, 2017 3:35am Jan 13, 2017 3:35am
Quoting Lock
17/01/12 THURSDAY 08:57+1GMT EARLY MORNING REPORT ...The triple pass GB gap 2193-21995 and the double pass GB gap 2193-22072 are currently below price and if GB will open around here, the triple pass one will become a 4 pass gap: it is very rare that such a condition could remain so without correction. Consequently carry forward this info. Remember, anyhow, that below 2087 we could halso have found mid term timeframes buyers. Surely we found short term traders.
Quoting Lock
{quote} They are now 5 pass and 4 pass !
Quoting Lock
{quote} Thanks for the help. In order to better clarify the concept: a pass means how many gaps overlaps one each other. The 2193-21995 is a gap made the 10.27-28.2016. Then after it has been established we got other 4 GB gaps overlapping it in the next days up to today. It is extremely rare to have a market space untested in so many occasions and consequently this zone generally attract price "inspection".
Both filled.
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  • #2,466
  • Jan 13, 2017 3:40am Jan 13, 2017 3:40am
Note D high at yes GB close price 22094. For any meaningfull continuation upside we need acceptation above it. If not consider that we got weak support at half back with C period low 21785 and weak support at A low tagging the lowest GB close for 2016 at 2160. Also even if we still have a 3 pass gap upside, we have already filled the most notorius ald pass gaps. So monitor for continuation and be ready for a ny eventuality.
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  • #2,467
  • Jan 13, 2017 3:52am Jan 13, 2017 3:52am
Anyhow, the important thing here is to understand the importance of market generated information and the way the market profile tool could help us to dynamically organize such data. What happened before is the base for ony considerations about what could occur next. Without knowing that we had a 5 pass gap upside when today GB session opened we will had huge difficulties to establish reasonable odds to go higher and instead knowing that information has been clearly a huge edge against our competitors in order to establish the ruling reason for today GB initial price action.
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  • #2,468
  • Jan 13, 2017 4:32am Jan 13, 2017 4:32am
Very stretched profile for current GB session. Weak support downside. Already 4 anomalies left below. Watch out.

As a conflicting information note anyhow that current GB is going upwards in a one timeframing higher mode.
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  • #2,469
  • Jan 13, 2017 4:43am Jan 13, 2017 4:43am
Quoting Lock
Very stretched profile for current GB session. Weak support downside. Already 4 anomalies left below. Watch out. As a conflicting information note anyhow that current GB is going upwards in a one timeframing higher mode.
E minus development at least filled. Now we have only 3 anomalies below.
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  • #2,470
  • Jan 13, 2017 4:45am Jan 13, 2017 4:45am
F low at yes close 22094: market still ruled by weak hands daily timeframes.
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  • #2,471
  • Jan 13, 2017 4:49am Jan 13, 2017 4:49am
Quoting Lock
F low at yes close 22094: market still ruled by weak hands daily timeframes.
Taken out.
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  • #2,472
  • Jan 13, 2017 5:36am Jan 13, 2017 5:36am
Note F inside E, G attempted above F balance, failed above, and here we are at the opposite side of it as normal.
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  • #2,473
  • Jan 13, 2017 5:41am Jan 13, 2017 5:41am
Note H low exactly at half back, again a daily timeframe ref.
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  • #2,474
  • Jan 13, 2017 5:44am Jan 13, 2017 5:44am
Now, we have to start thinking about upcoming preUS/pit US sessions. Note that for now price is inside yesterday pit session range. Note also that yesterday pit low was poor at 2152. They are only 2 data points but carry these information forward.
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  • #2,475
  • Jan 13, 2017 5:46am Jan 13, 2017 5:46am
Quoting Lock
Very stretched profile for current GB session. Weak support downside. Already 4 anomalies left below. Watch out. As a conflicting information note anyhow that current GB is going upwards in a one timeframing higher mode.
Note that we are no more in a one timeframing higher mode because H period took out E F and G period's lows.
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  • #2,476
  • Jan 13, 2017 5:48am Jan 13, 2017 5:48am
Quoting Lock
Note H low exactly at half back, again a daily timeframe ref.
taken out.
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  • #2,477
  • Jan 13, 2017 5:59am Jan 13, 2017 5:59am
A fast recap: C low at previous half back 2178, B low at Tokyo high 21765, A low at 2156 1 pip above lowest GB close for GB 2016. Yes pit low poor at 2152. G selling tale. Current H very elongated. And currently 4 anomalies left above.
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  • #2,478
  • Jan 13, 2017 6:01am Jan 13, 2017 6:01am
Quoting Lock
A fast recap: C low at previous half back 2178, B low at Tokyo high 21765, A low at 2156 1 pip above lowest GB close for GB 2016. Yes pit low poor at 2152. G selling tale. Current H very elongated. And currently 4 anomalies left above.
taken out both.
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  • #2,479
  • Jan 13, 2017 6:27am Jan 13, 2017 6:27am
I'm off for a while. Note that I set up the TE just to show you were are some of my trades during the last 2 days. It's only a demo and it does not illustrate my current behaviour in the real account that is far more conservative. Also because it's a demo it means absolutly nothing regarding to % or pips gained. There anyhow you will notice a couple of things: first I'm not always right. One of the most important thing for a trader is to accept loss if happened and stay tuned with the market, fully immersed in it. Second: do not stay fixed on profit or return. The important thing is what the market is doing and managing correctly your risk. The profit is a consequence of your trading activity and you can only manage your risk not your future income.

I'll remove the TE asap because I do not want to influence anyone here trying to follow what I'm doing in the market: what could be right for me could work at the opposite for you if you have different attitudes and behaviours. See you later. Best L.
Ubi maior minor cessat
  • #2,480
  • Jan 13, 2017 6:50am Jan 13, 2017 6:50am
Quoting Lock
I'm off for a while. Note that I set up the TE just to show you were are some of my trades during the last 2 days. It's only a demo and it does not illustrate my current behaviour in the real account that is far more conservative. Also because it's a demo it means absolutly nothing regarding to % or pips gained. There anyhow you will notice a couple of things: first I'm not always right. One of the most important thing for a trader is to accept loss if happened and stay tuned with the market, fully immersed in it. Second: do not stay fixed on profit...
You are doing really a great job here! Thanks again....

I'm reading the handbook again... it is starting to become clearer and clearer.... looks more logical then the first time I was reading it. Some puzzles getting on place at the moment....

I really learn a lot from your good and serious thread! A real eye-opener (for me at least!)
You can manage risk, but you can't manage the return
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