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Lock's Cable Corner

  • #3,701
  • Feb 28, 2017 4:11am Feb 28, 2017 4:11am
Quoting Piphunter00
{quote} thanks for letting me know lock. the GB session has been a graveyard lately nothing going on do you have any clever way of getting all the references you want to watch on one chart without it looking like line-land lol
The only way is to put them on any chart you are using to watch the market: then clear them if they loss their importance over time. That's all. Use common scirpt to copy paste them or simply save a basic template and then add you different tools on any chart you are using.
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  • #3,702
  • Feb 28, 2017 4:13am Feb 28, 2017 4:13am
Quoting Piphunter00
{quote} yeah i defo need to brush up on timing. that's an interesting point about the POC. is there any way to avoid this or to notice if you might be winding up in this predicament in real time. or isit just about being aggressive on your levels.
Sure: first do not place your positions close to current poc. Second: do not place your positions close to weak references that are the last ones to be reached in a particular action. Third: do not place positions at all if you see that a particular market is doing nothing or/and is ruled by weaker hands without any particular conviction in any particular direction.
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  • #3,703
  • Feb 28, 2017 4:16am Feb 28, 2017 4:16am
Quoting Lock
{quote} Sure: first do not place your positions close to current poc. Second: do not place your positions close to weak references that are the last ones to be reached in a particular action. Third: do not place positions at all if you see that a particular market is doing nothing or/and is ruled by weaker hands without any particular conviction in any particular direction.
another one for the printer!
  • #3,704
  • Feb 28, 2017 4:18am Feb 28, 2017 4:18am
Fourth: in a rotational environment buy below poc and sell above it. Untill price eventually will break in some direction. Then you could buy above the balance or sell below it if you see acceleration and then acceptation above or below it.
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  • #3,705
  • Feb 28, 2017 4:21am Feb 28, 2017 4:21am
Quoting Lock
{quote} do not place your positions close to weak references that are the last ones to be reached in a particular action..
its this part that i think is the difficult one. isit just because i seem to be paying the most attention to the daytimeframe references.

wasn't the buy at the overnight low making use of a weak hand reference? obviously because the POC couldn't develop yet if you did get some headroom in the trade that would wind up putting you in a good position. i think that's the part that is hindering me though, cause all my trades tend to be shortfalls
  • #3,706
  • Feb 28, 2017 4:25am Feb 28, 2017 4:25am
printed a poor high at 2443
  • #3,707
  • Feb 28, 2017 4:32am Feb 28, 2017 4:32am
Quoting Piphunter00
{quote} its this part that i think is the difficult one. isit just because i seem to be paying the most attention to the daytimeframe references. wasn't the buy at the overnight low making use of a weak hand reference? obviously because the POC couldn't develop yet if you did get some headroom in the trade that would wind up putting you in a good position. i think that's the part that is hindering me though, cause all my trades tend to be shortfalls
It was also yes pit low: it was surely a daytime frame reference but probably stronger than others today just for this simple "coincidence". Then you cannot forget the previous market action: in this case we were in a rotational environment already as tonight Tokyo made a very prominent poc as yesterday pit session did yesterday just some pips above Tokyo. So we had multiple reasons to buy there, as day timeframe traders. Then there are a lot of other information to consider: the major level at 24437, the big gap downside left yesterday working as resistance etc..
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  • #3,708
  • Feb 28, 2017 4:37am Feb 28, 2017 4:37am
Quoting Lock
Fourth: in a rotational environment buy below poc and sell above it. Untill price eventually will break in some direction. Then you could buy above the balance or sell below it if you see acceleration and then acceptation above or below it.

If you cannot stay calm (as me) during such days you could overcome to such impatience using a demo or a fake account: there you can place all what you want randomly. Today I placed in my demo dozen of sensless positions just for the pleasure to press the mouse button: it's unexpensive and could provide relaxation.
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  • #3,709
  • Feb 28, 2017 4:39am Feb 28, 2017 4:39am
Quoting Lock
{quote} It was also yes pit low: it was surely a daytime frame reference but probably stronger than others today just for this simple "coincidence". Then you cannot forget the previous market action: in this case we were in a rotational environment already as tonight Tokyo made a very prominent poc as yesterday pit session did yesterday just some pips above Tokyo. So we had multiple reasons to buy there, as day timeframe traders. Then there are a lot of other information to consider: the major level at 24437, the big gap downside left yesterday...
alright i think ive figured out my problem. ever since you told me to place more weight on references that are GB with GB etc. i think ive been staring too close to the trees to see the forest as i think my brain is passing over previous pieces of info like the state of the market from Tokyo coming into the gb session and all the other factors that could add weight to references that in nature are weak but a good place to secure a trade given what the market has layed out infront of you

currently going to climb a mountain so i can start viewing things from a bigger perspective lol.

at least i haven't made the mistake of overstaying my welcome when my trade position is in essence that of a daytimeframe, otherwise now i would have been tripped at b/e or thinking what the hell lol
  • #3,710
  • Feb 28, 2017 4:44am Feb 28, 2017 4:44am
Quoting Piphunter00
{quote} alright i think ive figured out my problem. ever since you told me to place more weight on references that are GB with GB etc. i think ive been staring too close to the trees to see the forest as i think my brain is passing over previous pieces of info like the state of the market from Tokyo coming into the gb session and all the other factors that could add weight to references that in nature are weak but a good place to secure a trade given what the market has layed out infront of you currently going to climb a mountain so i can start...
Remember that unless new market participants will step in in any particular market, even if the action is ruled by weak hands it could continue for a substantial amount of time, even more than the current session. This sometimes could be problematic because you see you are following a weak action and you could be pretty scared of a possible correction performed by strongest participants aginst you. That's fine and is vey normal. To overcome this consider that stronger participants tend to act when there are substantial reasons to do so, when for instance they see a substantial amount of weak hands piling on a particular action for some time. Because they need space to act they generally will not enter a market to correct only a small amount of weak price action.
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  • #3,711
  • Feb 28, 2017 5:19am Feb 28, 2017 5:19am
G hits that same poor high, lots of action stacking up at this level 2443
  • #3,712
  • Feb 28, 2017 6:00am Feb 28, 2017 6:00am
Lock, what do you make of this reference. so much shorting goin on here. 4 print wide poor high now on its 5th if it doesn't break in this period
  • #3,713
  • Edited 8:21am Feb 28, 2017 7:15am | Edited 8:21am
long one pip above GB (overnight) low

hopeful target is the composite poc/hvn 2464 but will run for the hills at any sign of a troll

strong down bounce at pit unch. stop gone to b/e

here come the break even police lol

back in the security of the hills, +27pts so far for the day between this trade and the shortfall i caught earlier
  • #3,714
  • Feb 28, 2017 8:27am Feb 28, 2017 8:27am
Sorry guys I was out in the last hours. I didn't follow the market. But I see we got 2 back to back poor highs in the last 2 sessions, and major composite poc is above them.
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  • #3,715
  • Feb 28, 2017 8:28am Feb 28, 2017 8:28am
Note the power of 24437: it stopped any attempt upside. Note anyhow that now is very weak as a cluster of m30 highs.
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  • #3,716
  • Feb 28, 2017 8:30am Feb 28, 2017 8:30am
good to have you back Lock, just as i got out we started showing stronger signs of holding this up movement lol. I now regret getting out but hey cant change the past
  • #3,717
  • Feb 28, 2017 8:32am Feb 28, 2017 8:32am
Daily poc is very mature: it is possible that this condition will lead to an other directional move.
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  • #3,718
  • Feb 28, 2017 8:33am Feb 28, 2017 8:33am
Quoting Piphunter00
good to have you back Lock, just as i got out we started showing stronger signs of holding this up movement lol. I now regret getting out but hey cant change the past
Don't worry about it: nothing happened till now. Opportunities are all open considering current narrow range.
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  • #3,719
  • Feb 28, 2017 8:36am Feb 28, 2017 8:36am
Quoting Lock
{quote} Don't worry about it: nothing happened till now. Opportunities are all open considering current narrow range.
thanks. I'm guessing that if we do break that 2443 there would have to be a considerable liquidating of shorts there. not thinking of taking any position revolving around that as of yet but during GB it was literally the ceiling lol
  • #3,720
  • Feb 28, 2017 8:40am Feb 28, 2017 8:40am
Quoting Piphunter00
{quote} thanks. I'm guessing that if we do break that 2443 there would have to be a considerable liquidating of shorts there. not thinking of taking any position revolving around that as of yet but during GB it was literally the ceiling lol
Consider the extremes of current day as breakevens. If a failure will occur above we could sell after the failure targeting current low. If it will succeed we could have a directional move as written before. Btw even a failure above could lead to a directional move in the opposite direction.
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