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Lock's Cable Corner

  • #4,161
  • Apr 27, 2017 8:27am Apr 27, 2017 8:27am
Note also that included inside the old pit gap downside from current pit highest high 29043 up to 2949 we also have an older pit double pass gap upside up to 29365. In case of preservation of the new building pit gap upside this zone could have clearly a further interest for upcoming pit session participants.
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  • #4,162
  • Apr 27, 2017 8:43am Apr 27, 2017 8:43am
Remember 28637 upper monthly bracket pit low. Acceptation above or below it could drastically change the environment.
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  • #4,163
  • Apr 27, 2017 8:44am Apr 27, 2017 8:44am
Quoting Lock
Remember 28637 upper monthly bracket pit low. Acceptation above or below it could drastically change the environment.
For now tagged at the pip.
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  • #4,164
  • Apr 27, 2017 9:41am Apr 27, 2017 9:41am
Quoting Lock
Remember 28637 upper monthly bracket pit low. Acceptation above or below it could drastically change the environment.

Now we got acceptation above this major ref as 2 periods already closed above it. Also note B inside period of A and current attepted break above B high by C. Now we need acceptation above 29043 to have continuation upside. If not we could have liquidation or rotation. I'll be off for a while. Best L.
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  • #4,165
  • Apr 27, 2017 9:44am Apr 27, 2017 9:44am
Carry forward an important information: A period low preserved 1 single pip of new gap upside from yesterday pit session high at 2863 plus it is a perfect tag of our major ref 28637: it is a very exact tag of a ref. Generally this sort of exactness is a characteristic of weaker hands money. This absolutely does not mean it cannot continue higher but it means that current action is still leaded by weak hands traders.
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  • #4,166
  • Apr 27, 2017 9:45am Apr 27, 2017 9:45am
Quoting Lock
{quote} Now we got acceptation above this major ref as 2 periods already closed above it. Also note B inside period of A and current attepted break above B high by C. Now we need acceptation above 29043 to have continuation upside. If not we could have liquidation or rotation. I'll be off for a while. Best L.

29043 tagged at the pip.
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  • #4,167
  • Apr 27, 2017 1:05pm Apr 27, 2017 1:05pm
Quoting Lock
{quote} 29043 tagged at the pip.
So more than 3 hours of struggle to evaluate a possible acceptation above this final reference. And for now we still don't have it. If it will spike from here upside it will start to be dangerous unless it will reach the composite poc 2968 that could work as a pole of attraction for any further price action. So if we will not obtain acceptation above 29043 in any case watch out for a possible liquidation.
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  • #4,168
  • Apr 27, 2017 1:17pm Apr 27, 2017 1:17pm
Important note: USDX made a triple top during the last 4 days. It is a very exact reference tagged 3 times. It is very suspect. I suggest to carry forward this info considering the possible correlation with cable.

Attached Image (click to enlarge)
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  • #4,169
  • Apr 27, 2017 5:11pm Apr 27, 2017 5:11pm
Quoting Lock
{quote} So more than 3 hours of struggle to evaluate a possible acceptation above this final reference. And for now we still don't have it. If it will spike from here upside it will start to be dangerous unless it will reach the composite poc 2968 that could work as a pole of attraction for any further price action. So if we will not obtain acceptation above 29043 in any case watch out for a possible liquidation.
I have just started to read your thread and I would like to know what you refer as liquidation and rotation, two terms that you usually use. What would be the price action in a liquidation in the mentioned quote???.
I am not able to appreciate when there is a market with weak hands or`` strong hands´´ . It would be very useful if in the following days we have a market with strong hands, you remark it, and the way you realize about it.
  • #4,170
  • Edited 7:30pm Apr 27, 2017 7:07pm | Edited 7:30pm
Quoting Ambar
{quote} I have just started to read your thread and I would like to know what you refer as liquidation and rotation, two terms that you usually use. What would be the price action in a liquidation in the mentioned quote???. I am not able to appreciate when there is a market with weak hands or`` strong hands . It would be very useful if in the following days we have a market with strong hands, you remark it, and the way you realize about it.
I wrote in multiple posts about weak hands and strong hands and I suggest to read as much as you can of this thread in order to appreciate these concepts. Liquidation has to be intended in the common way: liquidation of long inventories. It is the opposite of short covering (meaning covering of short inventories). For instance right now you are watching liquidation as market clearly went too long during last part of pit session. How do you know this? Have a look at the cluster of lows around 2900: we got periods J, K, L, M and finally O all buying exactly at this level, meaning that weak hands (those who generally buy at exact references) continued to buy at the same level for more than 2 hours. If you have a market where traders continue to buy at the same level obtaining absolutely nothing upside, what do you think it is going to happen? That at a certain moment in time they will decide to liquidate their inconclusive long positions. And when all of a sudden a lot of traders decide to liquidate their longs obviously price will go down (liquidation). But it could also have happened that other market participants, aware of those weak hands buyers at an exact reference, eventually decided to go against them knowing that those who were buying would have been forced to liquidate or would have been stopped out.*

About upcoming market events I have no idea whatsoever of what could happen. I do not make forecast of future behaviour of market participants. I can show my opinion about what happened before. And I can forecast about odds of what could happen after a certain sequence of past events. But I cannot say if bigger timeframes are going to take part to upcoming market or if instead they will prefer to continue to stay aside as they clearly did in the last months. I saw a clear predominance of weak hands participans. Weak money ruling the market all the time with rare exceptions. I'm not saying that bigger money were totally absent from market in the sense that they were not operating into it. I'm saying that their participation, if any, did not lead market in the recent past.

About rotation you could easily undestand the concept observing what happened in the last part of pit session when price did not obtain acceptation above 29043. Price started to go up and down from the session poc to this reference (just above it) creating a "rotational" environment.

I hope it could help. Best L.

*I think it is important to understand that different sessions have a certain amount of different participants. Let's say that the leggard buyers of the pit session were (as I think) weak hands buyers. And let's say they remained in their positions after pit close. Well, maybe asian participants (new market participants) aware of such situation, could decide to enter the market selling against those weak hands, knowing that they could offer little support. And btw I think this is what is going on in this first part of overnight session.
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  • #4,171
  • Apr 28, 2017 3:42am Apr 28, 2017 3:42am
Hi Lock,

I'm looking to the marketprofile indicator again. Is it also possible to display only the day-profile. I mean showing the MarketProfile without viewing the apart sessions. I tried to only fill in the SydneyOpen time but then the profile is shown as seen in the attached image.

Hope you know how to set it up....
Attached Image (click to enlarge)
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You can manage risk, but you can't manage the return
  • #4,172
  • Apr 28, 2017 3:46am Apr 28, 2017 3:46am
Quoting HappyMe
Hi Lock, I'm looking to the marketprofile indicator again. Is it also possible to display only the day-profile. I mean showing the MarketProfile without viewing the apart sessions. I tried to only fill in the SydneyOpen time but then the profile is shown as seen in the attached image. Hope you know how to set it up.... {image}
I already have the solution!!

anyway thanks!!
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Attached Image
You can manage risk, but you can't manage the return
  • #4,173
  • Apr 28, 2017 7:09am Apr 28, 2017 7:09am
Quoting HappyMe
{quote} I already have the solution!! anyway thanks!! {image} {image}

Hi Happyme, sorry for the delay I was off. Btw the second part of settings (meaning the reset of the times of the other sessions) is not neaded. The first set "E" is enough. Best L.
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  • #4,174
  • Apr 28, 2017 7:59am Apr 28, 2017 7:59am
Quoting HappyMe
{quote} I already have the solution!! anyway thanks!! {image} {image}
Hi, sorry to bother but do you guys know where can i find this indicator? I did some research but found nothing.
Thanks
We become what we think about
  • #4,175
  • Apr 28, 2017 8:16am Apr 28, 2017 8:16am
Quoting Smaraz
{quote} Hi, sorry to bother but do you guys know where can i find this indicator? I did some research but found nothing. Thanks
its on the first page of this thread!
  • #4,176
  • Edited 3:39pm Apr 29, 2017 3:19pm | Edited 3:39pm
Hi everything,

I found a very useful link (quest webinar with J. Dalton, just 1 day ago)...exactly the way Lock is approaching trading.

So much things Lock is telling about is coming back here.... also very good explanation of some things here!!
You can manage risk, but you can't manage the return
  • #4,177
  • May 1, 2017 4:05am May 1, 2017 4:05am
Hi Lock,

Another question about the indicator.
I placed in the weekend all the lines for the extremes. Ones the market opens every placed line is shifting a little in time. This is very confusing... See the attached image

Is there a setting to prevent this or is this just how it works. I mean if so then I need everyday to adjust my lines a little....

Thanks again!
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 44 KB
You can manage risk, but you can't manage the return
  • #4,178
  • Edited 9:19am May 1, 2017 6:16am | Edited 9:19am
Lock I'm trilled with the below development.... it's from AUDUSD but for one time I'm here off-topic for. it shows how precise the marketprofile can be.

Follow the red circles from left to right.
Start session: Balanced environment. waiting for a break to go out of balance
circle1: last VA (value area) high is tested and not accepted (rotate)
circle2: last session high is tested and not excepted (rotate)
circle3: back towards poc....halted at vpoc (rotate)
circle4: struggle around old yesterday highs (yesterday and day before) and accepted (break)
circle5: now towards next reference point VA low of 25 april

What next....
if bounce then back towards old reference session high or even (also half session at the moment)
if break the next reference point is around old session mid (+/-0.7546 or old session high 0.7555 or 0.7559)

All are known reference points
Lock, as you see I did my homework....and it starts to pay-off in a sense I now can see the reference-points in any-pair I look!

Wonderfull and thanks for the insight you give and gave me (and ofcourse the books I was studying)



So and now on-topic again for the GBPUSD-pair
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You can manage risk, but you can't manage the return
  • #4,179
  • May 2, 2017 1:42am May 2, 2017 1:42am
Quoting HappyMe
Hi Lock, Another question about the indicator. I placed in the weekend all the lines for the extremes. Ones the market opens every placed line is shifting a little in time. This is very confusing... See the attached image Is there a setting to prevent this or is this just how it works. I mean if so then I need everyday to adjust my lines a little.... Thanks again! {image}

Hi Happyme, this could be confusing but right now it is the way it works. And I do not think it is going to change because there are structural issues relating to how mt4 works and shows data. Anyway the important info are the references dates at the right: they will not change so you always have the correct written data (if you placed them correctly before). The lines and the texts did not change. It is the mp tool that is not correlated with the chart horizontal times and this is due to the fact that profiles have different dimensions as the letters are constant while the number of letters in any row vary. It is not needed to have the line edges modified in order to have an exact starting point from the relative profile level. Best L.
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  • #4,180
  • May 2, 2017 1:45am May 2, 2017 1:45am
Quoting HappyMe
Lock I'm trilled with the below development.... it's from AUDUSD but for one time I'm here off-topic for. it shows how precise the marketprofile can be. Follow the red circles from left to right. Start session: Balanced environment. waiting for a break to go out of balance circle1: last VA (value area) high is tested and not accepted (rotate) circle2: last session high is tested and not excepted (rotate) circle3: back towards poc....halted at vpoc (rotate) circle4: struggle around old yesterday highs (yesterday and day before) and accepted (break)...

I cannot comment on this because I do not follow this market and I do not know it at all, but I'm very happy about your overall progress. Keep going. Best L.
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