Lock's Cable Corner | Page 182 | 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

  • #3,621
  • Feb 24, 2017 8:55am Feb 24, 2017 8:55am
we have tested the previous pit low.. first period not likely to accept above or close to the reference lock previously referenced that the pit game would center around

last minute surge..
  • #3,622
  • Feb 24, 2017 8:57am Feb 24, 2017 8:57am
Quoting Lock
Let's say you will see some correction of the currently upper minus developmend by upcoming pit session and then no continuation above it: in this case the yesterday pit poor low will be at risk and the lower composite poc will be very possible (2464).
Yes pit poor low tagged: but nno correction of upper minus dev. The sequence could be opposite. Or 25122 could be accepteted during period B, in this case we could skip the min dev.
Ubi maior minor cessat
  • #3,623
  • Feb 24, 2017 8:59am Feb 24, 2017 8:59am
And here we are at 25122. Day timeframes automatic buy at yes pit poor low for now.
Ubi maior minor cessat
  • #3,624
  • Feb 24, 2017 9:00am Feb 24, 2017 9:00am
Not a day for newbies at all.
Ubi maior minor cessat
  • #3,625
  • Feb 24, 2017 9:02am Feb 24, 2017 9:02am
Quoting Lock
{quote} Yes pit poor low tagged: but nno correction of upper minus dev. The sequence could be opposite. Or 25122 could be accepteted during period B, in this case we could skip the min dev.
Now let's see at 2524 major half back.
Ubi maior minor cessat
  • #3,626
  • Feb 24, 2017 9:04am Feb 24, 2017 9:04am
2500 yes poor pit low tagged by A could be revisited if no continuation up to 2524 or failure above it.
Ubi maior minor cessat
  • #3,627
  • Feb 24, 2017 9:14am Feb 24, 2017 9:14am
Quoting Lock
2500 yes poor pit low tagged by A could be revisited if no continuation up to 2524 or failure above it.
And here we are again at it.
Ubi maior minor cessat
  • #3,628
  • Feb 24, 2017 9:16am Feb 24, 2017 9:16am
Now I think it cannot resist anymore, it looks too weak. But watch out if you will not see continuation below it. The yes gap upside could work as support. In any case be prepared for any possible scenario because this market is ruled by weak hands.
Ubi maior minor cessat
  • #3,629
  • Feb 24, 2017 9:17am Feb 24, 2017 9:17am
Quoting Lock
{quote} And here we are again at it.
I took an impulsive long when B made a two print break above A with a tight stop underneath that 2512, that was stupid lol.
lesson to be learnt
  • #3,630
  • Feb 24, 2017 9:45am Feb 24, 2017 9:45am
short from 2509, stops above B period, monitoring for continuation at the break of this poor low if it happens.

stop now inside of previous pit range
  • #3,631
  • Feb 24, 2017 9:48am Feb 24, 2017 9:48am
Quoting Lock
{quote} Yes pit poor low tagged: but nno correction of upper minus dev. The sequence could be opposite. Or 25122 could be accepteted during period B, in this case we could skip the min dev.
B clesed below 25122 (acceptation), then the upper min dev could be skipped and yes pit poor low taken out.

Btw: very very difficult market.
Ubi maior minor cessat
  • #3,632
  • Feb 24, 2017 9:49am Feb 24, 2017 9:49am
Quoting Lock
{quote} A spike is a final test above or below a session made during the last periods of it. In this case J period. The spike base is the breakeven of it from the balance (max 2 letters wide) In this case the spike base (even if the spike failed) is at 25555. And this could be an important reference untill GB close (18:00+1GMT) and/or during the next GB sessions.
And please note that all the US action occurrewd from today GB spike base at 25555 to yesterday GB spike base at 24825.
Ubi maior minor cessat
  • #3,633
  • Feb 24, 2017 9:53am Feb 24, 2017 9:53am
took me out, wasn't nimble enough to get out. overstayed my welcome +6 pts or something meagre but hey not a loss
  • #3,634
  • Feb 24, 2017 9:53am Feb 24, 2017 9:53am
Quoting Lock
Now I think it cannot resist anymore, it looks too weak. But watch out if you will not see continuation below it. The yes gap upside could work as support. In any case be prepared for any possible scenario because this market is ruled by weak hands.
And in fact...
Ubi maior minor cessat
  • #3,635
  • Feb 24, 2017 9:55am Feb 24, 2017 9:55am
I definitely had this gap in mind, but sheesh didn't even give you a shred of time. real tempo reading was needed there and I must of in my heart bin eager to hold for bigger profit this time round.

emotion is every traders worst enemy

down like -1pt for the day..

note to self: ride the trade out with stop in original position or at least directly on break even if you secure good trade location and some room ahead
  • #3,636
  • Feb 24, 2017 9:57am Feb 24, 2017 9:57am
Now: C looks too big as a buying tale. In any case monitor for acceptation below yes pit low. If no acceptation a new buy is licit. If acceptation we could complete the yes gap filling and eventually go to composite poc 2464.
Ubi maior minor cessat
  • #3,637
  • Feb 24, 2017 10:01am Feb 24, 2017 10:01am
Quoting Piphunter00
I definitely had this gap in mind, but sheesh didn't even give you a shred of time. real tempo reading was needed there and I must of in my heart bin eager to hold for bigger profit this time round. emotion is every traders worst enemy down like -1pt for the day.. note to self: ride the trade out with stop in original position or at least directly on break even if you secure good trade location and some room ahead
Today was (and is) a very very difficult market: there is no shame at all if you found problems to trade it.
Ubi maior minor cessat
  • #3,638
  • Feb 24, 2017 10:08am Feb 24, 2017 10:08am
Quoting Lock
{quote} Today was (and is) a very very difficult market: there is no shame at all if you found problems to trade it.
thank you lock, it was a good trade still would be. I think I was just too complacent and thinking we couldnt make a retracement like that and still possibly hold..

I think you may have answered this for me but I couldn't understand at all. 2512 the reference which played a massive part in this trade, how would have I found it I know u said it was some halfback but I had a dig around the charts and didnt have much joy
  • #3,639
  • Feb 24, 2017 10:16am Feb 24, 2017 10:16am
D high at early morniing low (Blow) + round 2500
Ubi maior minor cessat
  • #3,640
  • Feb 24, 2017 10:17am Feb 24, 2017 10:17am
Quoting Lock
D high at early morniing low (Blow) + round 2500
immediately taken out.
Ubi maior minor cessat
1 trader viewing now