Lock's Cable Corner | Page 202 | 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

  • #4,021
  • Mar 31, 2017 4:52am Mar 31, 2017 4:52am
Yes it did it and now we got a poor low, attempted break downside from E inside period.
Ubi maior minor cessat
  • #4,022
  • Mar 31, 2017 5:07am Mar 31, 2017 5:07am
Note that for any meaningfull continuation downside we need acceptation below yesterday spike base 24432, meaning at least a couple of m30 periods closed below it. Next visible levels in case of success are the 2 major half backs at 24072 and 2396. And also yesterday GB low at 24025.
Ubi maior minor cessat
  • #4,023
  • Mar 31, 2017 5:17am Mar 31, 2017 5:17am
Quoting Lock
{quote} Remember me the one I give you the first time please. Best L.
market profile pdf
  • #4,024
  • Mar 31, 2017 8:36am Mar 31, 2017 8:36am
Pit US opened at the bottom of yesterday pit session range (low at 2463) Note current high at yesterday unchanged level 2466: it is weak. If you will not see continuation downside you know we currently have a weak high.

The old gap upside is 24465-2463 and unless it will be filled it will work as support.
Ubi maior minor cessat
  • #4,025
  • Mar 31, 2017 8:41am Mar 31, 2017 8:41am
Quoting Lock
Pit US opened at the bottom of yesterday pit session range (low at 2463) Note current high at yesterday unchanged level 2466: it is weak. If you will not see continuation downside you know we currently have a weak high. The old gap upside is 24465-2463 and unless it will be filled it will work as support.
this comment is very confusing lock. when you say yest high is weak you are reffering for a high probality for downward move?
  • #4,026
  • Mar 31, 2017 8:43am Mar 31, 2017 8:43am
If it will retrace upside and if it will be acceptaed back inside yesterday pit range, the natural target is the opposite side of yesterday pit session meaning 2524. Note anyhow that it has to pass the composite poc at 2481 to reach that level.
In case of continuation downside the first major ref for pit session will be 24437, then, far below we have the major pit half backs at 24065 and 23975.
Ubi maior minor cessat
  • #4,027
  • Mar 31, 2017 8:43am Mar 31, 2017 8:43am
Quoting titi14
{quote} this comment is very confusing lock. when you say yest high is weak you are reffering for a high probality for downward move?

or the odds are for making a new high since the current is weak??

these type of comments confuse me the most sorry about that
  • #4,028
  • Mar 31, 2017 8:44am Mar 31, 2017 8:44am
Quoting titi14
{quote} this comment is very confusing lock. when you say yest high is weak you are reffering for a high probality for downward move?

I was referring to yesterday pit unchanged level. Today initial high was tagging it at 2466 and it was weak: as you see it took it out right now.
Ubi maior minor cessat
  • #4,029
  • Mar 31, 2017 8:46am Mar 31, 2017 8:46am
Quoting Lock
{quote} I was referring to yesterday pit unchanged level. Today initial high was tagging it at 2466 and it was weak: as you see it took it out right now.
clearer now

what i dont get is 1,5hours ago we had 2 30m acceptation above composite poc 2481 and yet we are below it now.... this also confuses me
  • #4,030
  • Mar 31, 2017 8:47am Mar 31, 2017 8:47am
Substantially when you open inside previous session range and you see price test below it and fail the natural target is the opposite side of that range. Now you may anticipate the success or failure of the test below yesterday pit session range considering that the initial high (of current session) was exactly at yesterday pit unchanged level). So when it went below yesterday pit session range low and you saw no continuation downside, you have a good reason to buy when price reentered yesterday pit range. I hope it could be clear now.
Ubi maior minor cessat
  • #4,031
  • Mar 31, 2017 8:49am Mar 31, 2017 8:49am
Quoting Lock
Substantially when you open inside previous session range and you see price test below it and fail the natural target is the opposite side of that range. Now you may anticipate the success or failure of the test below yesterday pit session range considering that the initial high (of current session) was exactly at yesterday pit unchanged level). So when it went below yesterday pit session range low and you saw no continuation downside, you have a good reason to buy when price reentered yesterday pit range. I hope it could be clear now.
it is indeed! many many thanks. if you could explain my previous comment too for acceptance above 2481 yet we are now below it will be highly appreciated Lock
  • #4,032
  • Mar 31, 2017 8:49am Mar 31, 2017 8:49am
Quoting titi14
{quote} clearer now what i dont get is 1,5hours ago we had 2 30m acceptation above composite poc 2481 and yet we are below it now.... this also confuses me

Acceptation made by different market participants, not current pit participants. Current pit participants didn't test the composite poc yet as they opened below it.
Ubi maior minor cessat
  • #4,033
  • Mar 31, 2017 8:51am Mar 31, 2017 8:51am
Quoting Lock
{quote} Acceptation made by different market participants, not current pit participants. Current pit participants didn't test the composite poc yet as they opened below it.
i just dont believe i didnt think of that my self!!!! many thanks once more!
  • #4,034
  • Mar 31, 2017 8:54am Mar 31, 2017 8:54am
Also do not try to decide something only basing upon a single separated market provided information. There are a lot of information to evaluate and only an overall understanding of them could let you make a correct or at least probably successfull decision.

FOr instance I wrote that when price tests below previous range and then reenters into it we have odds to see a test of the opposite side of that range: it's true, but it is only one information. Then you have yto monitor for continuation, you have to see which references current market participants are using to continue higher (as support) , you have to evaluate "tempo" and a lot of other things.
Ubi maior minor cessat
  • #4,035
  • Mar 31, 2017 8:56am Mar 31, 2017 8:56am
Quoting Lock
Also do not try to decide something only basing upon a single separated market provided information. There are a lot of information to evaluate and only an overall understanding of them could let you make a correct or at least probably successfull decision. FOr instance I wrote that when price tests below previous range and then reenters into it we have odds to see a test of the opposite side of that range: it's true, but it is only one information. Then you have yto monitor for continuation, you have to see which references current market participants...
these extra pieces of info you mentioned above are the ones im currently weak at... it takes time i know... hopefully im on the right side you are such a big help! i want to thank you once again Lock
  • #4,036
  • Mar 31, 2017 8:57am Mar 31, 2017 8:57am
Quoting adetola99
{quote} market profile pdf

Read "Mind over markets" (Jim Dalton) and than the other following book of him. Then start to read all his free articles: you may find them easily. I strongly raccomend you to start to watch his free registered webinars on youtube and/or dailymotion. Best, L
Ubi maior minor cessat
  • #4,037
  • Mar 31, 2017 8:59am Mar 31, 2017 8:59am
Quoting titi14
{quote} these extra pieces of info you mentioned above are the ones im currently weak at... it takes time i know... hopefully im on the right side you are such a big help! i want to thank you once again Lock
You're welcome.

PS: abote market participants note that currently we have a mixed participation, because we have both US new pit participants plus old GB ones. GB traders will remain normally involved untill 18:00+1GMT so it is not rare to see GB references considered and used during pit session.

For instance right now I see a lot of consideration for today GB spike base at 2467.
Ubi maior minor cessat
  • #4,038
  • Mar 31, 2017 8:59am Mar 31, 2017 8:59am
Quoting Lock
{quote} Read "Mind over markets" (Jim Dalton) and than the other following book of him. Then start to read all his free articles: you may find them easily. I strongly raccomend you to start to watch his free registered webinars on youtube and/or dailymotion. Best, L
will do so!!
  • #4,039
  • Mar 31, 2017 9:06am Mar 31, 2017 9:06am
currently i decided for current market participants to test the composite poc.. seems im wrong and will abort... is this aligned with your thoughts Lock?
  • #4,040
  • Mar 31, 2017 9:09am Mar 31, 2017 9:09am
Currently we got initial rejection inside yesterday pit range too. Very uncartain situation.
Ubi maior minor cessat
0 traders viewing now