Lock's Cable Corner | Page 195 | 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

  • #3,881
  • Mar 9, 2017 12:18pm Mar 9, 2017 12:18pm
In any case we need acceptation above early morning high (A period high) to continue higher and acceptation above the imprtant 2186 level.
Ubi maior minor cessat
  • #3,882
  • Mar 9, 2017 7:35pm Mar 9, 2017 7:35pm
Quoting Lock
{quote} Weaknesses above both taken out. Watch out if you will not see continuation upside: it could retrace to take out those remaining downside or retrace to the poc. In case of continuation we could aim at the double pass pit gap above 22115. But we need volume for this task.
Pit session closed exactly at composite poc 2163.
Ubi maior minor cessat
  • #3,883
  • Mar 10, 2017 4:06am Mar 10, 2017 4:06am
17/03/10 FRIDAY 11:06+1GMT
MORNING REPORT

Monthly balance, weekly possible mid term trend downside, daily short term downside where yesterday we saw an other short covering that put temporary the downside action in balance. Note yesterday GB session inside the previous one: a break out could occurr from this environment.
Our composite poc at 2163 remained the protagonist all night long during Tokyo session.

GB opened inside yesterday GB session, so still in balance. Then after C inside period it attempted a break above and it is now testing yesterday GB unchanged level 21775: acceptation or rejection above it will be the first significant test for the day. Because of the upcoming news and the very close 2163 composite pole of attraction it will problematic to obtatin a successfull break at this moment in time. Anyhow, if it will happen consider that upside we left a huge amount of weaknesses to correct, up to last Friday high at 23275.

If instead we will se a failure during current GB attempt upside we could continue with a balance around composite poc untill news or attempt a new test downside: in which case we could aim at 2113 or even 2082. But also in this case we will need volume to evade the composite poc at 2163. And remember that before to even think to 2113 we have to obtatin acceptation below 21533. If not, the continuation downside is impossible.

Current main refs for GB are yesterday range extremes 2182-21385.
Ubi maior minor cessat
  • #3,884
  • Mar 10, 2017 7:23am Mar 10, 2017 7:23am
Quoting Lock
17/03/10 FRIDAY 11:06+1GMT MORNING REPORT .... Because of the upcoming news and the very close 2163 composite pole of attraction it will problematic to obtain a successfull break at this moment in time. ....
GB failed above yesterday GB unchanged at 21775 and consequently we saw a balance around composite poc 2163 for the entire GB session.

Quoting Lock
If instead we will se a failure during current GB attempt upside we could continue with a balance around composite poc untill news ..... Current main refs for GB are yesterday range extremes 2182-21385.
Note that the GB session remained perfectly included inside yesterday GB range 2182-21385: it had not even the possibility to test these extremes.
Ubi maior minor cessat
  • #3,885
  • Mar 10, 2017 7:32am Mar 10, 2017 7:32am
Note that currently we left upside something like 9 poor highs in a row up to 01.03 pit high at 23275: 2180 (today GB high), 21945 (yesterday pit), 22115 (07.03 pit), 22135 (07.03 Tokyo), 22785 (pre US 06.03), 2280 (GB 06.03), 22995 (Sydney), 2300 (pit 03.03), 23275 (pit 01.03).

At the same time we have downside current GB poor low at 21393 and GB old poor low at 2113.

I think we could have a shake out to cover at least some of the upper references or liquidate downside to take out the 2 weaknesses below and then retrace to correct what we left upside. In any case this environment is very complex and dangerous.
Ubi maior minor cessat
  • #3,886
  • Mar 13, 2017 2:28am Mar 13, 2017 2:28am
hey lock, can you help with how daylight savings is going to affect my session times. I am in the UK so we haven't changed our clocks yet but the US has and my brokers time has changed aswel. its usually +2 hours now its +3 hours from my local time
  • #3,887
  • Mar 13, 2017 11:49am Mar 13, 2017 11:49am
Quoting Piphunter00
hey lock, can you help with how daylight savings is going to affect my session times. I am in the UK so we haven't changed our clocks yet but the US has and my brokers time has changed aswel. its usually +2 hours now its +3 hours from my local time

I'll try asap to provide anyone with updated info regarding dst and how to overcome the settings. Best L.
Ubi maior minor cessat
  • #3,888
  • Mar 14, 2017 3:27am Mar 14, 2017 3:27am
Quoting Lock
{quote} I'll try asap to provide anyone with updated info regarding dst and how to overcome the settings. Best L.
please !
  • #3,889
  • Mar 14, 2017 4:16am Mar 14, 2017 4:16am
Quoting Piphunter00
{quote} please !
Temporary recovery:

Use 2 charts: in one of them put the tpo tool with the old time settings then in the other one put the tpo tool with the new ones.


NEW TIME SETTINGS EXAMPLE for +2GMT:
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 49 KB


Organize your 2 charts like this:
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 247 KB
Ubi maior minor cessat
  • #3,890
  • Mar 14, 2017 4:40am Mar 14, 2017 4:40am
Quoting Lock
{quote} Temporary recovery: Use 2 charts: in one of them put the tpo tool with the old time settings then in the other one put the tpo tool with the new ones. NEW TIME SETTINGS EXAMPLE for +2GMT: {image} Organize your 2 charts like this: {image}
please can I have this indicator on m
arket profile
  • #3,891
  • Mar 14, 2017 6:25am Mar 14, 2017 6:25am
Quoting adetola99
{quote} please can I have this indicator on m arket profile

You can download the tpo tool from this thread. Here
Ubi maior minor cessat
  • #3,892
  • Mar 14, 2017 8:16am Mar 14, 2017 8:16am
Quoting Lock
{quote} Temporary recovery: Use 2 charts: in one of them put the tpo tool with the old time settings then in the other one put the tpo tool with the new ones. NEW TIME SETTINGS EXAMPLE for +2GMT: {image} Organize your 2 charts like this: {image}
My mistake for Sydney open: it is 23:00 for the new DST setting not 00:00. I'm speaking in the case of +2GMT

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 50 KB
Ubi maior minor cessat
  • #3,893
  • Mar 14, 2017 8:45am Mar 14, 2017 8:45am
Btw the fact shown in the last post is pretty important because it means that we still have a 4 pass pit gap from 2211 to 2215 (yesterday pit low). It is a potential target in case of correction above current composite poc 2163. Anyway it is currently protected by the new gap downside: so we got conflicting information here. Carry this information forward if not taken out today because tomorrow with the FOMC (during or after it) we could have drastic shake outs.
Ubi maior minor cessat
  • #3,894
  • Mar 15, 2017 11:13am Mar 15, 2017 11:13am
Quoting Lock
Btw the fact shown in the last post is pretty important because it means that we still have a 4 pass pit gap from 2211 to 2215 (yesterday pit low). It is a potential target in case of correction above current composite poc 2163. Anyway it is currently protected by the new gap downside: so we got conflicting information here. Carry this information forward if not taken out today...
Note that current pit action is developing exactly above this zone. Note also that we now left below a 3 pass pit gap zone at 2188-2190 and a double pass one at 2171-2190 (overlapping current new pit gap upside from yesterday pit high).
Also note C and D lows at open level and round number 2200. Plus the new poor high at 2226 and the GB poor high at 2237. All weak levels to correct. (potentially)
Ubi maior minor cessat
  • #3,895
  • Mar 15, 2017 11:23am Mar 15, 2017 11:23am
We are in a market where only the weakest hands operated in the last days in a range between 21353 short term reference to 23315 (other short term ref). So potentially all this zone could be interested by a news shake out or by upcoming action during next days:

Added to the levels underlined in the last post above we have weak refs at 22785 (preUS poor high), 2280 (GB poor high), Sydney poor high at 22995 and pit poor high at round 2300 (very weak cluster), then 23275 pit poor high.
Below we have current preUS +pit US back to back lows around 2190 then Tokyo poor low at 2154, Sydney poor low at 21445 and yesterday pit poor low at 2138 (just above our main ref of 21353)

Also note that we are acting between 2 major composite pocs at 2163 and 2233.
Ubi maior minor cessat
  • #3,896
  • Edited 12:27pm Mar 15, 2017 11:37am | Edited 12:27pm
Current situation on chart(references of previous posts underlined):

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 372 KB
Ubi maior minor cessat
  • #3,897
  • Mar 15, 2017 11:48am Mar 15, 2017 11:48am
Now, it is important to note tha USDX is ranging around the half back of the major bracket. So we are in the worst possible position here to operate. This could highly influence the behaviour of basket pairs and viceversa.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 91 KB
Ubi maior minor cessat
  • #3,898
  • Mar 15, 2017 1:31pm Mar 15, 2017 1:31pm
Quoting Lock
We are in a market where only the weakest hands operated in the last days in a range between 21353 short term reference to 23315 (other short term ref). So potentially all this zone could be interested by a news shake out or by upcoming action during next days:
Quoting Lock
Added to the levels underlined in the last post above we have weak refs at 22785 (preUS poor high), 2280 (GB poor high), Sydney poor high at 22995 and pit poor high at round 2300 (very weak cluster), then 23275 pit poor high. Below we have current preUS +pit US back to back lows around 2190 then Tokyo poor low at 2154, Sydney poor low at 21445 and yesterday pit poor low at 2138 (just above our main ref of 21353) Also note that we are acting between 2 major composite pocs at 2163 and 2233.
In this first attempted break we took out some of the upper weak references: there is still to work above but for any meaningfull continuation upside we need first of all acceptation above overnight high (Tokyo high at 2256) then aceptation above pit year open at 2289. If not, watch out for balance or rejection to take out the weaknesses left downside.
Ubi maior minor cessat
  • #3,899
  • Mar 15, 2017 1:51pm Mar 15, 2017 1:51pm
Fighting above pit year open. Above it 2 major short term refs: 23013 and 23117, then the final pit poor high at 23275 just below the very important 23315.
Ubi maior minor cessat
  • #3,900
  • Mar 15, 2017 1:55pm Mar 15, 2017 1:55pm
Round 2300 was a pit poor high: taken out. But it also was the top of the minor daily bracket: acceptation above it is needed for continuation. If not...
Ubi maior minor cessat
7 traders viewing now