Lock's Cable Corner | Page 189 | 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

  • #3,761
  • Mar 1, 2017 3:17am Mar 1, 2017 3:17am
Quoting Lock
{quote} They are manual tools: drag and drop them over the references you want to underline. For instance drag the GB unchange script at GB unchanged price: a line will remain as a reference untill you will delete it. Now for any other tech info, please, preserve your questions for this evening after market close. Best L.
Hi Lock could you please put a chart here so we can understand more

Thanks
  • #3,762
  • Mar 1, 2017 3:23am Mar 1, 2017 3:23am
c period bounces directly off the open price. weak hands at large so far

update: we have filled the small gap but swift rejected it, looking like a rotational situation so far. complete lack of conviction
  • #3,763
  • Mar 1, 2017 5:21am Mar 1, 2017 5:21am
G period completely crapping it. wish I was on board the train

brain is very slow today, should of been paying attention to the fact that althought we were building poor highs at the gap low, we were completely rejecting that price level by failing to penetrate it at every attempt
  • #3,764
  • Mar 1, 2017 5:29am Mar 1, 2017 5:29am
Can't be there for every pip. i pulled out from a short at 2469 at 2455 and watched it drop further to 25. All we can do is say we were right in the analysis.
  • #3,765
  • Mar 1, 2017 5:31am Mar 1, 2017 5:31am
Are you getting what Lock is saying?
  • #3,766
  • Mar 1, 2017 5:35am Mar 1, 2017 5:35am
Quoting behram
Are you getting what Lock is saying?
yeah for the most part I fully understand the logic behind everything he says. its just when he posts certain references I'm just lost when trying to locate them in the manner he has to end up with them. I'm just one of them people that want to know how to navigate for myself.
  • #3,767
  • Mar 1, 2017 5:43am Mar 1, 2017 5:43am
Yeah i get what he says as well but not as confident as you to comment in any depth.
  • #3,768
  • Mar 1, 2017 5:46am Mar 1, 2017 5:46am
Quoting behram
Yeah i get what he says as well but not as confident as you to comment in any depth.
have you read Mind Over Markets?
  • #3,769
  • Mar 1, 2017 5:48am Mar 1, 2017 5:48am
G period has left minus development, if we lose conviction to keep dropping lower the market could have a look up there and try fill it in to some degree
  • #3,770
  • Mar 1, 2017 6:06am Mar 1, 2017 6:06am
Quoting Lock
17/03/01 WEDNESDAY 08:08+1GMT EARLY MORNING REPORT ... We have multiple major references in this zone .... the 2017 year open (GB 23395, pit 2289). Also we are close to the last action upside half back (from 16.01 to 02.02): GB 2362, pit 23583.
Quoting Lock
Remember that 23805 is the major half back of the entire action downside from 06.12.16 to 16.01.17: so it is a huge reference for current price location. I didn't underline it this morning because I preferred to focus over the last upper major movement: but this does not mean we can disregard the other one.
2362 became our breakeven for current GB session. THe first 5 periods remained contained inside 23805 and 2362 then price broke downside. Note current H period high exactly at 2017 GB open 23395.

Quoting Lock
For upcoming GB session, in order to confirm or reject the attempted breakout, we need to have acceptation below 23464 that is our main GB ref for today. And that by the way is also a poor low. Also we have to preserve the possible new gap downside that is currently forming during Tokyo session.
Note that the action occurred after the second failure above 23805 and at that moment in time the gap were still in place. Price went down and took out the poor 23464 old GB low.

Quoting Lock
Other major references are 23316 (second inside weekly balance after 02.10.16 break) that will be, if reached, our second most important level for upcoming GB action. Then we also have 2 lower composite poc at 2336 and 2285. .....
We spent some time at 23317 then it continued again to 23116. The profile is now very elongated. Building a new gap for upcoming pit session. The second poc 2285 is not impossible, the first one 2336 already taken out.

21117 is again an important reference: it a weekly inside balance low (21.11.16) I posted the complete list of lower references yesterday:

Quoting Lock
17/02/28 09:37+1GMT (edited untill 09:45) MORNING REPORT ..... Major levels (short/mid term) above are, in succession: 24437, 25122 and 2548. Downside we have 2396, 23805, 23465, 23316, 23117 and 23016.
Ubi maior minor cessat
  • #3,771
  • Mar 1, 2017 6:23am Mar 1, 2017 6:23am
This is what I wrote yesterday after the 2 last overlapping very prominent days:

Quoting Lock
If this balance will be preserved untill the end of current pit session, a directional sharp and strong move is expected during next sessions. Starting with Tokyo one.
Then after a request for precisations about my assumption I added this:

Quoting Lock
{quote} It comes from the simple fact that the last 2 days made both very prominent profiles (overlapping one each other around their respective pocs). Meaning that market participants are not able anymore to make business around here. Then a search for a new fair place at which business could take place could start at any moment in time.
Quoting Lock
The more the prominent is the composite poc of the last 2 days the bigger the search for a new fair place (poc): because the new poc has to be far enough from current one. It is not a science as many around here try to consider it but generally it works like this.
At the matter of fact the directional move was anticipated in the last part of yesterday pit session by the spike test downside. And continued during current GB session.
Ubi maior minor cessat
  • #3,772
  • Mar 1, 2017 6:26am Mar 1, 2017 6:26am
real shame, hopefully I can snap up some pips in the pit session. was a lot of into to take into today, wasn't on the ball. I was too hung up on trying to locate certain references
  • #3,773
  • Mar 1, 2017 6:31am Mar 1, 2017 6:31am
Quoting Piphunter00
real shame, hopefully I can snap up some pips in the pit session. was a lot of into to take into today, wasn't on the ball. I was too hung up on trying to locate certain references
Make your researches and tests ouside market time. When the market opens you need to have everything already prepared. I spent weeks to build my reference charts. And generally I spent hours each day to update and study them. Without this preliminar work it is almost impossible to operate.
Ubi maior minor cessat
  • #3,774
  • Mar 1, 2017 6:32am Mar 1, 2017 6:32am
Quoting Lock
{quote} Make your researches and tests ouside market time. When the market opens you need to have everything already prepared. I spent weeks to build my reference charts. And generally I spent hours each day to update and study them. Without this preliminar work it is almost impossible to operate.
yes I definitely come to realize that. no pips but a lesson gained
  • #3,775
  • Mar 1, 2017 6:36am Mar 1, 2017 6:36am
At his moment in time GB is building a gap downside for upcoming pre US/pit US sessions: monitor for it. Then consider the new data in this price zone: we are above a major composite poc at 2285 and below an other one at 2336. A volume valley is in the middle of them at 2310 that btw substantially coincides with one of our major ref (23117)

Below the lower comp poc we have a GB poor low at 22603 and a pit poor low at 22538 plus a Tokyo poor low just below it at 22525. If we will find acceptation at lower composite poc, these weaknesses are possible. If not consider that current GB action left upside 3 consecutive minus developments. The first 2 of them are clearly at risk to be filled.

I'll be off for a while. Best L.

PS: for upcoming preUS and pit US remember the pit year open at 2289: we need acceptation below it for any meaningfull continuation downside during preUS and pit US.
Ubi maior minor cessat
  • #3,776
  • Mar 1, 2017 6:41am Mar 1, 2017 6:41am
PPS: the current action downside is a weekly bracket breakout attempt: short term and maybe even mid term could be involved. It is a strong attempt. So, if accepted this will be an important action downside. If rejected it could lead to a substantial action upside.
Ubi maior minor cessat
  • #3,777
  • Mar 1, 2017 6:45am Mar 1, 2017 6:45am
heres a shot of my chart if anyone can make use of it
Attached Image (click to enlarge)
Click to Enlarge Name: Darwinex MT4.png Size: 156 KB
  • #3,778
  • Edited 9:46am Mar 1, 2017 9:02am | Edited 9:46am
took a small beating going for the overnight failure twice. market cant seem to accept below the yearly open but i just feel slaughtered at the moment.

its so hard when all my winners have been small. I'm just going down to up to flat to down to up its very painstaking

its made me realize targets are an issue aswell.

had I put in a wider stop I would have saved myself some pain and had the opportunity to get out had I not felt confident about the position. lots of flaws today
  • #3,779
  • Mar 1, 2017 9:53am Mar 1, 2017 9:53am
Lock, do you have any insight or where I went wrong and what needs improving
  • #3,780
  • Mar 1, 2017 10:42am Mar 1, 2017 10:42am
positives I can take away is that again the analysis was correct so far
3 traders viewing now