Lock's Cable Corner | Page 175 | 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

  • #3,481
  • Feb 23, 2017 5:46am Feb 23, 2017 5:46am
Quoting Piphunter00
{quote} do you average into your trades lock? is this something that helps with the nature of the setups or just something that's your personal style that's presuming you do I just remembered you mentioned 'adding more' yesterday

In this kind of markets I tend to scale out continuously. May be even too much. In more secure markets I tend to stay in more and I scale out only at major levels.
Ubi maior minor cessat
  • #3,482
  • Feb 23, 2017 5:48am Feb 23, 2017 5:48am
Quoting Lock
{quote} In this kind of markets I tend to scale out continuously. May be even too much. In more secure markets I tend to stay in more and I scale out only at major levels.
thank you for your response, this market is just absolute dog crap. I think anyone deserves a medal if they don't walk away from the day having done their ass in these conditions lol
  • #3,483
  • Feb 23, 2017 5:49am Feb 23, 2017 5:49am
By the way I trade on different sized accounts and I have different behaviours on them. On bigger ones I place more rarely a position. In the littler I trade more. Sometimes (during last times very often) I only trade demo because I cannot stay without doing anything but I do not want to risk my money.
Ubi maior minor cessat
  • #3,484
  • Feb 23, 2017 5:51am Feb 23, 2017 5:51am
F&G period bought the session open cleanly
H period rallied from half back of G, I'm pretty sure as far as we are going is filling D period singles and back to the current POC/composite POC
  • #3,485
  • Feb 23, 2017 5:52am Feb 23, 2017 5:52am
Quoting Lock
By the way I trade on different sized accounts and I have different behaviours on them. On bigger ones I place more rarely a position. In the littler I trade more. Sometimes (during last times very often) I only trade demo because I cannot stay without doing anything but I do not want to risk my money.
always gotta keep the blade sharp!
  • #3,486
  • Feb 23, 2017 5:56am Feb 23, 2017 5:56am
Quoting Piphunter00
F&G period bought the session open cleanly H period rallied from half back of G, I'm pretty sure as far as we are going is filling D period singles and back to the current POC/composite POC
Watch out: conflicting information here. F and G lows are very weak but we got no acceptation below yes GB unch and close. Remember that a gap upside for upcoming pit session could disregard the weaknesses left downside.
No surprise at all if it will come back to F and G lows and comp poc. But a break is not impossible in the last 2 GB periods.
Ubi maior minor cessat
  • #3,487
  • Feb 23, 2017 5:59am Feb 23, 2017 5:59am
Quoting Lock
{quote} Watch out: conflicting information here. F and G lows are very weak but we got no acceptation below yes GB unch and close. Remember that a gap upside for upcoming pit session could disregard the weaknesses left downside. No surprise at all if it will come back to F and G lows and comp poc. But a break is not impossible in the last 2 GB periods.
this is very true, I was just looking over my daily chart and realised that we are sitting above the trendline again aswell. even if pit cant open with a gap if we are in these upper regions that will leave us with an open outside of value from previous pit session? while its far from the biggest of changes its something to watch.. am I correct on this assessment lock?

H closes above IB which is cleanly above this trendline.. I couldn't really objectively tell if D period closed above it or just shy, but even if this doesn't count as the second period were are still now only one away again

edit:
poc has migrated higher in relation to the last session, now in the top third of the previous value area just another observation
  • #3,488
  • Feb 23, 2017 6:04am Feb 23, 2017 6:04am
H low is also at yes GB close: very bad downside. Let's see if it will retrace them all or not. (attempting a last spike upside)
Ubi maior minor cessat
  • #3,489
  • Feb 23, 2017 6:09am Feb 23, 2017 6:09am
Quoting Piphunter00
{quote} this is very true, I was just looking over my daily chart and realised that we are sitting above the trendline again aswell. even if pit cant open with a gap if we are in these upper regions that will leave us with an open outside of value from previous pit session? while its far from the biggest of changes its something to watch.. am I correct on this assessment lock? H closes above IB which is cleanly above this trendline.. I couldn't really objectively tell if D period closed above it or just shy, but even if this doesn't count...
Yes correct: a change (a possible one in current uncertain situation) could be accepted or rejected. If pit will open above trend line it could reject that position and liquidate in order to test the lower trend line again. Or it could accept this new possible location and balance and/or continue higher disregarding a new test downside. Let's see where GB will close and let's see the beahvior of preUS at open.
Ubi maior minor cessat
  • #3,490
  • Feb 23, 2017 6:10am Feb 23, 2017 6:10am
Quoting Lock
H low is also at yes GB close: very bad downside. Let's see if it will retrace them all or not. (attempting a last spike upside)
when you have the upcoming session opens close on the horizon will you still trade if you have something presenting itself and just hold going into them and wait for what information is provided..
say like now where if there is a setup to the downside we could retrace all this weakness but preUS and pit are not far away and you liked it would you take it.

I'm not thinking about entering anything at all was just curious about how you treat a trade when we are close to different participants coming in shortly

update on current action: I cant seem to find any reference for where this initiative buying above current and previous session value stemmed from... the low of the period is only one print shy of H period high so it seems like it was very successive in terms of it being continuous buying.. although now we are sitting at previous session open and if a rejection currently happening holds that is mechanical
  • #3,491
  • Feb 23, 2017 6:13am Feb 23, 2017 6:13am
Quoting Piphunter00
[...]edit: poc has migrated higher in relation to the last session, now in the top third of the previous value area just another observation
Current GB value cannot move enymore and will remain inside yes GB one. But remember that a trend action anticipate value. So if this last spike test will continue and eventally will be accepted by preUS we could disregard value during one timeframing action upside (trend). But let's see.
Ubi maior minor cessat
  • #3,492
  • Feb 23, 2017 6:16am Feb 23, 2017 6:16am
Quoting Piphunter00
{quote} when you have the upcoming session opens close on the horizon will you still trade if you have something presenting itself and just hold going into them and wait for what information is provided.. say like now where if there is a setup to the downside we could retrace all this weakness but preUS and pit are not far away and you liked it would you take it. I'm not thinking about entering anything at all was just curious about how you treat a trade when we are close to different participants coming in shortly update on current action: I cant...

I bought above G inside period and I'm still in. Anyway I scaled out a lot (more than half). I'm betting on a possible gap. The risk was minimum because in case of retracement my stops are only some pips below my entry (just inside G balance)

In case of correction downside I will not place a short. I'll prefer to wait for preUS reaction anyway.
Ubi maior minor cessat
  • #3,493
  • Feb 23, 2017 6:17am Feb 23, 2017 6:17am
Quoting Lock
{quote} Current GB value cannot move enymore and will remain inside yes GB one. But remember that a trend action anticipate value. So if this last spike test will continue and eventally will be accepted by preUS we could disregard value during one timeframing action upside (trend). But let's see.
can this be observed by the number of remaining periods not being able to shift the 70% calculation higher than where we are? that's smart never thought of that assuming that's what you drew this observation from
  • #3,494
  • Feb 23, 2017 6:19am Feb 23, 2017 6:19am
Quoting Lock
{quote} I bought above G inside period and I'm still in. Anyway I scaled out a lot (more than half). I'm betting on a possible gap. The risk was minimum because in case of retracement my stops are only some pips below my entry (just inside G balance) In case of correction downside I will not place a short. I'll prefer to wait for preUS reaction anyway.
thank you for that answer. that execution information is key to me right now! did the fact that G closed right on Unch. aid that decision?

I know you said before that a one print break wasn't a form of excess so still counts as an inside so did you enter for the two tick for it to count?

I period should tell I guess, we are at a mechanical reference so if we eventually just disregard it I guess you know your in somewhat a good spot

3 prints above! good sign
  • #3,495
  • Feb 23, 2017 6:20am Feb 23, 2017 6:20am
im having difficulty in identifying the new POC... can anyone help?
  • #3,496
  • Feb 23, 2017 6:24am Feb 23, 2017 6:24am
Quoting Piphunter00
{quote} can this be observed by the number of remaining periods not being able to shift the 70% calculation higher than where we are? that's smart never thought of that assuming that's what you drew this observation from
correct: GB = 10 periods. Only 2 left. Value cannot move anymore.
Ubi maior minor cessat
  • #3,497
  • Feb 23, 2017 6:25am Feb 23, 2017 6:25am
Quoting titi14
im having difficulty in identifying the new POC... can anyone help?
you using Locks MP tools that he provided?
  • #3,498
  • Feb 23, 2017 6:25am Feb 23, 2017 6:25am
Quoting Lock
{quote} correct: GB = 10 periods. Only 2 left. Value cannot move anymore.
I swear this thread is a market profile masterclass
  • #3,499
  • Feb 23, 2017 6:29am Feb 23, 2017 6:29am
Quoting Piphunter00
{quote} thank you for that answer. that execution information is key to me right now! did the fact that G closed right on Unch. aid that decision? I know you said before that a one print break wasn't a form of excess so still counts as an inside so did you enter for the two tick for it to count? I period should tell I guess, we are at a mechanical reference so if we eventually just disregard it I guess you know your in somewhat a good spot 3 prints above! good sign
When I see an inside period and a break above or below it then I generally place a position above or below breakeven if I saw some possible reasonable target upside or downside. (general rule)
In this case as written early we got the yesterday GB poor high as a very good possible target upside. So I entered in, disregarding the weaknesses of F and G periods at yes unch. An other very important aspect derived form the lack of acceptation below yes GB unch and close. Probably without this data point I would not have placed a long on that break.
Ubi maior minor cessat
  • #3,500
  • Feb 23, 2017 6:31am Feb 23, 2017 6:31am
That gap is looking like a high probability occurrence unless the current buying action proves itself to be the daytimers and tire very quickly

Overnight inventory for the Pit is most certainly going to be long unless the sky comes falling down and they get liquidated already

important references to note from what my brain is allowing to me access right now are the poor highs that we have carried forward for a long time, definitely a place to monitoring for acceptance above, F+G poor lows (buying of previous GB unch and right on the current session open) to the downside. Pit will also be opening out of balance probably. so I will also be monitoring that high and what happens in relation the gap if we get one
0 traders viewing now