Lock's Cable Corner | Page 192 | 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

  • #3,821
  • Mar 3, 2017 2:50am Mar 3, 2017 2:50am
TP1 @1.22277 , TP2 will post L8R , SL man.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 58 KB
da n0o0b + $hit_Disturber
  • #3,822
  • Mar 3, 2017 2:53am Mar 3, 2017 2:53am
we got the open below the spike base which initially confirmed a rejection of a previous upside auction. Initial balance is showing little conviction, B is building inside of A and if we resolve above the overnight low that will be a first sign of acceptance above it. two conflicting data points here. will be sitting on my hands till further notice. only scenario I can think of immediate-term is that B resolves as an inside period+above the overnight low and we jus balance around the IB, or the market takes a small run in whichever direction we break the inside period
  • #3,823
  • Edited 3:28am Mar 3, 2017 3:01am | Edited 3:28am
B inside A

update: C period bounced one tick from half back of B period, and found resistance at A period high leaving behind a poor high. weak hands at large

thinking back to a very key piece of information Lock provided me with, now that we are showing signs of a rotational environment I will ensure that any entry I take will be away from the POC

3 periods and no strong attempt to liquidate overnight inventory, so either theres weight the downside or the rotational environment is in full effect
  • #3,824
  • Mar 3, 2017 3:32am Mar 3, 2017 3:32am
now I have zero clue what to do lol. market has shaken up the environment
  • #3,825
  • Mar 3, 2017 3:34am Mar 3, 2017 3:34am
Quoting Piphunter00
B inside A update: C period bounced one tick from half back of B period, and found resistance at A period high leaving behind a poor high. weak hands at large thinking back to a very key piece of information Lock provided me with, now that we are showing signs of a rotational environment I will ensure that any entry I take will be away from the POC 3 periods and no strong attempt to liquidate overnight inventory, so either theres weight the downside or the rotational environment is in full effect
-------
u make $$$ with this Complicated syst. ? not tryin 2 offend u 4sure !
da n0o0b + $hit_Disturber
  • #3,826
  • Mar 3, 2017 3:36am Mar 3, 2017 3:36am
Next visible level downside for GB is 21885: the low of an old GB minus development. Other important levels could be the lower composite poc at 2163 and the valley above it at 21995. Very elongated D period.

Note that this action occurred as a consequence of the failure above B inside period: when a break above a balance fails the next natural direction is the opposite side of it. In my opinion this action is a liquidation: the multiple poor highs left by the last sessions confirms this opinion.
Ubi maior minor cessat
  • #3,827
  • Mar 3, 2017 3:38am Mar 3, 2017 3:38am
Quoting pipsy7
{quote} ------- u make $$$ with this Complicated syst. ? not tryin 2 offend u 4sure !
It is not a system at all. It's only an attempt to analyze market provided information and make decision upon them. Best L.
Ubi maior minor cessat
  • #3,828
  • Mar 3, 2017 3:39am Mar 3, 2017 3:39am
Quoting pipsy7
{quote} ------- u make $$$ with this Complicated syst. ? not tryin 2 offend u 4sure !
I'm still learning, since applying it it has brought me more winners than losers I can say that for sure. I'm just trying to find market understanding. wouldn't call it much of a system, its the furthest thing from mechanical you could probly find lol
  • #3,829
  • Mar 3, 2017 3:41am Mar 3, 2017 3:41am
Quoting Lock
Next visible level downside for GB is 21885: the low of an old GB minus development. Other important levels could be the lower composite poc at 2163 and the valley above it at 21995. Very elongated D period. Note that this action occurred as a consequence of the failure above B inside period: when a break above a balance fails the next natural direction is the opposite side of it. In my opinion this action is a liquidation: the multiple poor highs left by the last sessions confirms this opinion.
does one treat this situation like a overnight hi/low or previous session hi/low failure, soon as it comes back into the hi/low short at that value or just underneath
  • #3,830
  • Edited 4:02am Mar 3, 2017 3:42am | Edited 4:02am
there's No Luck or Hope in fx , Not for me anyways$ !

Will take partial profits$ @TP1 rest goes to TP2 @22007 , TP3 will post L8R
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 59 KB
da n0o0b + $hit_Disturber
  • #3,831
  • Mar 3, 2017 3:44am Mar 3, 2017 3:44am
Quoting Piphunter00
now I have zero clue what to do lol. market has shaken up the environment

The main information here were the multiple sequence of poor highs* made by the last sessions and the short term downside. Also no acceptation above yesterday GB close level at 22635.

As written many times a poor high could me 2 different and almost opposite things: the auction upside is uncompleted (so we could aim to complete it going above the poor high) or it could mean lack of buyers. In this second case when a market is not able to find new buyers the only way is to go lower to search for them. We experienced the second meaning in this action.

Now: because the purpose of any liquidation is to adjust inventories and find new money buying, let's see how much we have to go lower in order to eventually find them.
Ubi maior minor cessat
  • #3,832
  • Mar 3, 2017 3:45am Mar 3, 2017 3:45am
Quoting pipsy7
there's No Luck in fx , Not for me anyways$ ! {image}
care to provide any insight into how you operate?
  • #3,833
  • Mar 3, 2017 3:46am Mar 3, 2017 3:46am
Quoting pipsy7
there's No Luck or Hope in fx , Not for me anyways$ ! {image}
Fine. If you are profitable. Continue whatever you are doing. Best L.

These are my current positions.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 70 KB
Ubi maior minor cessat
  • #3,834
  • Mar 3, 2017 3:52am Mar 3, 2017 3:52am
I'll be off for a while. Best L.
Ubi maior minor cessat
  • #3,835
  • Mar 3, 2017 4:14am Mar 3, 2017 4:14am
Quoting YardiFX
re entered at 1.2295. now will hold until 1.2230
It took a while but we got there in the end lol...
Peace & Pips
  • #3,836
  • Edited 4:38am Mar 3, 2017 4:14am | Edited 4:38am
Quoting Piphunter00
{quote} care to provide any insight into how you operate?
-------
sorry , syst. is NOT mine 2 give = I can Only give my trades for FREE as a Pay It Forward$ tingy !

will bank 75% of my remainin pos. @TP2 rest goes to TP3 @21777
da n0o0b + $hit_Disturber
  • #3,837
  • Mar 3, 2017 5:25am Mar 3, 2017 5:25am
Quoting pipsy7
{quote} ------- sorry , syst. is NOT mine 2 give = I can Only give my trades for FREE as a Pay It Forward$ tingy ! will bank 75% of my remainin pos. @TP2 rest goes to TP3 @21777
wasn't asking for your 'system' just some overall logic that defines how you go about your business
  • #3,838
  • Mar 3, 2017 5:52am Mar 3, 2017 5:52am
Quoting Piphunter00
{quote} wasn't asking for your 'system' just some overall logic that defines how you go about your business
Whatever may be its logic I think is totally irrelevant in this specific thread and reading its status (choob) explains his way of doing.
  • #3,839
  • Mar 3, 2017 5:59am Mar 3, 2017 5:59am
Quoting thetail
{quote} Whatever may be its logic I think is totally irrelevant in this specific thread and reading its status (choob) explains his way of doing.
loool, hence why I asked him to provide some logic. he post's a picture talking all this good stuff about theres no luck and hope for him with some open positions and nothings about market profile so hey give us some logic dude
  • #3,840
  • Mar 3, 2017 6:41am Mar 3, 2017 6:41am
Quoting Piphunter00
{quote} loool, hence why I asked him to provide some logic. he post's a picture talking all this good stuff about theres no luck and hope for him with some open positions and nothings about market profile so hey give us some logic dude
i hope he closed those shorts before 22007
11 traders viewing now