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Lock's Cable Corner

  • #2,701
  • Jan 23, 2017 8:10am Jan 23, 2017 8:10am
Quoting Lock
For a meaningfull continuation we should have C currently clean space at least partially preserved, in order to have a double distribution trend day. Start to worry about continuation if it will be filled completely. Note the poor high and remember its possible "double value": no more buyers or at the opposite, auction incompleted.
@ 2471 is broken now please advice what next
  • #2,702
  • Jan 23, 2017 8:14am Jan 23, 2017 8:14am
Quoting adetola99
{quote} @ 2471 is broken now please advice what next
....nobody is advising here....only trying to structure the data with the Market-profile Tool


price is now coming down...if we can break the 1.2470 (halfway back at the moment) I think the break is possibly stopped out for now...

I believe we can see C as a small minus development....but D vanished it almost with leaving a bad High... So at least we need a lot of careful now....
You can manage risk, but you can't manage the return
  • #2,703
  • Jan 23, 2017 8:24am Jan 23, 2017 8:24am
By the way the real pit break occurred friday when the pit session close succesfully above the 2 pit sessions balance high of Wednesday and Thursday. Note in fact, as written last week, that Thursday pit session was inside Wednesday pit range. So today pit session apened already in a breakout from balance. The problem here is to evaluate if this break could be confirmed or if it is too weak to resist.
Ubi maior minor cessat
  • #2,704
  • Jan 23, 2017 8:25am Jan 23, 2017 8:25am
Note D inside period of C: if it will remain like this untill E open we could have a break from D balance. If so, go with the balance and monitor for continuation. If the possible break will fail, natural initial direction is the opposite side of the balance.
Ubi maior minor cessat
  • #2,705
  • Jan 23, 2017 8:26am Jan 23, 2017 8:26am
Quoting HappyMe
{quote} ....nobody is advising here....only trying to structure the data with the Market-profile Tool price is now coming down...if we can break the 1.2470 (halfway back at the moment) I think the break is possibly stopped out for now... I believe we can see C as a small minus development....but D vanished it almost with leaving a bad High... So at least we need a lot of careful now....
I did not ask for advice for trade, I am learning with the handbook lock give out I am trying to see if Ion the same taught with lock
  • #2,706
  • Jan 23, 2017 8:29am Jan 23, 2017 8:29am
Quoting Lock
Note D inside period of C: if it will remain like this untill E open we could have a break from D balance. If so, go with the balance and monitor for continuation. If the possible break will fail, natural initial direction is the opposite side of the balance.
remember that E period is the last one for London, so take care of GB refs around current price zone.
Ubi maior minor cessat
  • #2,707
  • Jan 23, 2017 8:29am Jan 23, 2017 8:29am
Quoting Lock
By the way the real pit break occurred friday when the pit session close succesfully above the 2 pit sessions balance high of Wednesday and Thursday. Note in fact, as written last week, that Thursday pit session was inside Wednesday pit range. So today pit session apened already in a breakout from balance. The problem here is to evaluate if this break could be confirmed or if it is too weak to resist.
thank you and your handbook had increased my understanding about market data. keep up the good work
  • #2,708
  • Jan 23, 2017 8:29am Jan 23, 2017 8:29am
Quoting adetola99
{quote} I did not ask for advice for trade, I am learning with the handbook lock give out I am trying to see if Ion the same taught with lock
then we are on the same track here! We can shake our hands
You can manage risk, but you can't manage the return
  • #2,709
  • Jan 23, 2017 8:46am Jan 23, 2017 8:46am
Quoting adetola99
{quote} thank you and your handbook had increased my understanding about market data. keep up the good work
You're welcome, and remeber that the handbook is only the starting point of the learning process. Then you have to study other authors like Steidlmayer,Dalton, Alexander etc. After that it will be very important to watch and study all what you find about Dalton like webinars, articles atc. In some way this thread would be, in my intentions, a sort of continuous recap of all the stuff you are going to read and study. Best L.
Ubi maior minor cessat
  • #2,710
  • Jan 23, 2017 8:47am Jan 23, 2017 8:47am
Quoting HappyMe
{quote} then we are on the same track here! We can shake our hands
  • #2,711
  • Jan 23, 2017 8:49am Jan 23, 2017 8:49am
E inside D inside C
Ubi maior minor cessat
  • #2,712
  • Jan 23, 2017 8:50am Jan 23, 2017 8:50am
I'm off now... have a good continuation and evening!
You can manage risk, but you can't manage the return
  • #2,713
  • Jan 23, 2017 8:51am Jan 23, 2017 8:51am
its Monday the start of the week and it’s a clear sign where the trend is going this week . Don’t you guys think it is good to wait for a correction so we can all enter long ?
  • #2,714
  • Jan 23, 2017 8:58am Jan 23, 2017 8:58am
Quoting HappyMe
I'm off now... have a good continuation and evening!
Thanks, Good evening too.
Ubi maior minor cessat
  • #2,715
  • Jan 23, 2017 8:59am Jan 23, 2017 8:59am
Quoting DwainUK
its Monday the start of the week and its a clear sign where the trend is going this week . Dont you guys think it is good to wait for a correction so we can all enter long ?

Well, let's take this market a piece a time. For now we are in very little narrow balance. Let's see where and if it is going to break.
Ubi maior minor cessat
  • #2,716
  • Jan 23, 2017 9:26am Jan 23, 2017 9:26am
is that a blue P?
  • #2,717
  • Jan 23, 2017 9:40am Jan 23, 2017 9:40am
Quoting Lock
{quote} You're welcome, and remeber that the handbook is only the starting point of the learning process. Then you have to study other authors like Steidlmayer,Dalton, Alexander etc. After that it will be very important to watch and study all what you find about Dalton like webinars, articles atc. In some way this thread would be, in my intentions, a sort of continuous recap of all the stuff you are going to read and study. Best L.
please can you give other book i can read up
  • #2,718
  • Jan 23, 2017 9:53am Jan 23, 2017 9:53am
Quoting adetola99
{quote} please can you give other book i can read up
Mind Over Markets; James F. Dalton, Eric T. Jones, Robert B. Dalton, Published by Wiley. it's on Amazon.
  • #2,719
  • Jan 23, 2017 10:05am Jan 23, 2017 10:05am
Quoting Zaak
{quote} Mind Over Markets; James F. Dalton, Eric T. Jones, Robert B. Dalton, Published by Wiley. it's on Amazon.
ok thank you
  • #2,720
  • Jan 23, 2017 10:44am Jan 23, 2017 10:44am
Quoting Zaak
is that a blue P?

Yes it is. But this is only one data point. It balanced in D and E periods, attempted below balance, failed and here it is at the opposite side of that little balance. Now, we do not have completion above clearly, even if we have huge weaknesses left below, current (weak) momentum is supported by the new gap upside that looks far too big to retrace during this session, specially at this time in the day.
I think that the possibilities with more odds are 2: remain in balance or continue the weak momentum upside. Obviously I'm speaking about odds.
Ubi maior minor cessat
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