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Lock's Cable Corner

  • #4,181
  • May 2, 2017 7:28am May 2, 2017 7:28am
Quoting Lock
{quote} 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.
please can you direct me to where to get market profile indicator and setting
  • #4,182
  • May 2, 2017 7:50am May 2, 2017 7:50am
Quoting adetola99
{quote} please can you direct me to where to get market profile indicator and setting
I think you are searching for this post with indicator...
https://www.forexfactory.com/showthr...93#post9616493
You can manage risk, but you can't manage the return
  • #4,183
  • May 2, 2017 7:56am May 2, 2017 7:56am
Current situation recap.

29205 is yesterday pit rally high: acceptation below or above it will be the first information provided today (after 5:30 +1GMT pit session open tme). Note the 1 pip previous pit gap down to 29637 major pit level plus current preUS poor low and today GB poor low. At the same time note that above we have 2 back to back pit poor highs at 29335 and 2965, plus GB poor high at 29363.

Remember that the 29637 is the low of the upper pit monthly bracket.
Ubi maior minor cessat
  • #4,184
  • May 2, 2017 8:03am May 2, 2017 8:03am
Major composite poc 2968
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  • #4,185
  • May 2, 2017 9:13am May 2, 2017 9:13am
Quoting Lock
Current situation recap. 29205 is yesterday pit rally high: acceptation below or above it will be the first information provided today (after 5:30 +1GMT pit session open tme). Note the 1 pip previous pit gap down to 29637 major pit level plus current preUS poor low and today GB poor low. At the same time note that above we have 2 back to back pit poor highs at 29335 and 2965, plus GB poor high at 29363. Remember that the 29637 is the low of the upper pit monthly bracket.
Note the importance of 29205 yesterday pit session rally high.
Ubi maior minor cessat
  • #4,186
  • May 3, 2017 3:40am May 3, 2017 3:40am
Yesterday GB close is at 29195: acceptation below or above it is the first info about current session. For now we have acceptation above it while we do not have it below. Note C inside B and D inside C. Breakout is possible. Then if so, monitor for continuation.
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  • #4,187
  • May 3, 2017 3:58am May 3, 2017 3:58am
An other information is that GB attempted above yes GB high and Monday GB high and failed, at least for now.
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  • #4,188
  • May 3, 2017 4:01am May 3, 2017 4:01am
Attempted break downside from C balance inside period. Cluster of lows at 2912. Two back to back GB poor lows downside. The other one is at 28635 Monitor for continuation. If it will fail , natural direction is the opposite side of C balance. Then in this case we will have the composite poc at 2968 as a potential zone of attraction. But let's take this market a piece at a time.
Ubi maior minor cessat
  • #4,189
  • May 3, 2017 3:02pm May 3, 2017 3:02pm
Quoting Lock
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. {image}
I repost here the USDX chart with the very suspect triple top and the final taken out occurred today after 4 sessions.

TRIPLE TOP CLUSTER:
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 40 KB


TAKEN OUT TODAY:
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 32 KB
Ubi maior minor cessat
  • #4,190
  • May 3, 2017 3:11pm May 3, 2017 3:11pm
Quoting Lock
Attempted break downside from C balance inside period. Cluster of lows at 2912. Two back to back GB poor lows downside. The other one is at 28635 Monitor for continuation. If it will fail , natural direction is the opposite side of C balance. Then in this case we will have the composite poc at 2968 as a potential zone of attraction. But let's take this market a piece at a time.
If this liquidation will continue, after the 28635 (that almost coincides with 28637 major pit reference as it is the low of the upper monthly bracket and that is also above a 1 single pip pit gap higher) we have space to continue lower down to 2758 (other pit major reference as it is the top of the lower pit monthly bracket). In case of failure below 28637 remember that current action is leaving above 3 back to back poor highs at 2925 (today pit high), 2939 (yesterday pit high) and 2965 (27.04 pit high)
Ubi maior minor cessat
  • #4,191
  • May 3, 2017 4:10pm May 3, 2017 4:10pm
Quoting Lock
{quote} If this liquidation will continue, after the 28635 (that almost coincides with 28637 major pit reference as it is the low of the upper monthly bracket and that is also above a 1 single pip pit gap higher) we have space to continue lower down to 2758 (other pit major reference as it is the top of the lower pit monthly bracket). In case of failure below 28637 remember that current action is leaving above 3 back to back poor highs at 2925 (today pit high), 2939 (yesterday pit high) and 2965 (27.04...
Today pit session low at 2864 is extraordinary weak as it is a perfect tag of the previous pit session low of 27/04 plus it coincides with the yesterday GB poor low. And as written it is a major pit level as it is the low of the upper monthly pit bracket.
Ubi maior minor cessat
  • #4,192
  • May 3, 2017 5:16pm May 3, 2017 5:16pm
Quoting Lock
Attempted break downside from C balance inside period. Cluster of lows at 2912. Two back to back GB poor lows downside. The other one is at 28635 Monitor for continuation. If it will fail , natural direction is the opposite side of C balance. Then in this case we will have the composite poc at 2968 as a potential zone of attraction. But let's take this market a piece at a time.
Hi lock , that is some complex chart . You must be able to read it as you seam to quote it chapter and verse ? I did ask you some time back did you trade live and at the time you did not . Are you now ? I don't read all of your posts to be honest they are to long and again complex . A bit like a weather report . But I hope you are trading live and making money as you put a lot of time and effort into your posts and a doft my hat to you sir . Regards E
  • #4,193
  • May 4, 2017 3:47am May 4, 2017 3:47am
Quoting elbert3
{quote} Hi lock , that is some complex chart . You must be able to read it as you seam to quote it chapter and verse ? I did ask you some time back did you trade live and at the time you did not . Are you now ? I don't read all of your posts to be honest they are to long and again complex . A bit like a weather report . But I hope you are trading live and making money as you put a lot of time and effort into your posts and a doft my hat to you sir . Regards E

Hi Elbert,
the main purpose of my reports is personal. This work helps me to keep a track of what is going on in the market. I noticed that a written thing has a totally different (and major) impact on my behaviour than a simple thought. Also writing an idea is a good test of it as I can evaluate it after the fact without the possibility to disregard its content: if I'm right this will consolidate my self esteem while if I'm wrong this will be a serious unavoidable alarm about the fact that I did not analyze the market in the correct way and that I've to change something in my approach.

Having said this I must add that there are some issues in this thread: specially in high volatility days I could lose precious time updating the thread during very fast move and I must admit that sometime I lost good entries trying to do 2 things at a time.

About demo or real account operations I can say that it merely depends upon what is going on in the market and specially who are the market participants ruling the current game. In past months I saw, without any reasonable doubt, a market mainly ruled and leaded by weak hands. Bigger timeframes rarely took the game in their hands. And I generally like to stay on the side of bigger timeframes. From this particular conditions I decided most of the times to stay aside and observe without commit myself in real positions. In the last weeks I generally made 1 or 2 positions a day but there have been days where I was not confortable at all in the market environment and I simply did nothing but demo.

Best L.
Ubi maior minor cessat
  • #4,194
  • May 4, 2017 3:53am May 4, 2017 3:53am
Quoting Lock
{quote} Hi Elbert, the main purpose of my reports is personal. This work helps me to keep a track of what is going on in the market. I noticed that a written thing has a totally different (and major) impact on my behaviour than a simple thought. Also writing an idea is a good test of it as I can evaluate it after the fact without the possibility to disregard its content: if I'm right this will consolidate my self esteem while if I'm wrong this will be a serious unavoidable alarm about the fact that I did not analyze the market in the correct way...
Morning well I asked for that lol keep it up but don't beat yourself up doing it regards E
  • #4,195
  • May 4, 2017 3:56am May 4, 2017 3:56am
Quoting Lock
{quote} Today pit session low at 2864 is extraordinary weak as it is a perfect tag of the previous pit session low of 27/04 plus it coincides with the yesterday GB poor low. And as written it is a major pit level as it is the low of the upper monthly pit bracket.

Obviously overnight took out it. Then GB retraced completely Asia action (that btw happened without Tokyo participants as it is holiday there). Note that Asia correction occurred after the important test of 2845 that is the GB upper monthly bracket low. Note also that we currently still have a new GB gap downside from yesterday GB low at 2902 and that current action did not correct the 1 pip Pit old gap upside at 2863: in fact this could only be corrected by a pit session. So carry forward this info.
Ubi maior minor cessat
  • #4,196
  • May 4, 2017 6:02am May 4, 2017 6:02am
Quoting Lock
{quote} Obviously overnight took out it. Then GB retraced completely Asia action (that btw happened without Tokyo participants as it is holiday there). Note that Asia correction occurred after the important test of 2845 that is the GB upper monthly bracket low. Note also that we currently still have a new GB gap downside from yesterday GB low at 2902 and that current action did not correct the 1 pip Pit old gap upside at 2863: in fact this could only be corrected by a pit session. So carry forward this...
New GB gap downside up to 2902 filled.
Ubi maior minor cessat
  • #4,197
  • Edited 2:16pm May 5, 2017 2:01pm | Edited 2:16pm
Quoting Lock
Current situation recap. .... Remember that the 29637 is the low of the upper pit monthly bracket.
Quoting Lock
Major composite poc 2968
Quoting Lock
..... In case of failure below 28637 remember that current action is leaving above 3 back to back poor highs at 2925 (today pit high), 2939 (yesterday pit high) and 2965 (27.04 pit high)
On Wednesday pit session failed to continue lower below 28637, yesterday pit confirmed the failure staying all day long above it and finally today here we are at the major composite poc 2968 just above the last pit poor high at 2965.

Note that Wednesday pit low at 28637 is a weak low as it is a perfect tag of a major pit reference and it is also above a 1 single pip old pit gap upside. Remember this during following pit sessions in the case the upside action will present issues. Note that right now we do not have anymore the 3 back to back poor highs to correct.
Ubi maior minor cessat
  • #4,198
  • May 5, 2017 2:10pm May 5, 2017 2:10pm
Poor high cluster right now. But note that action is occurring above current pit poc.
Ubi maior minor cessat
  • #4,199
  • May 5, 2017 2:14pm May 5, 2017 2:14pm
In case of continuation upside the next visible weak references are 2 poor highs one made by pit session 30.09 at 30225 while the following one made by Tokyo 29.09 at 30535. The next major reference upside is at 3064: it is the low of a July inside week.

Also note an old pit double pass gap at 30465-30645. Remember anyhow that we are just upon the major composite poc 2968 that should work as a pole of attraction at least for some time.
Ubi maior minor cessat
  • #4,200
  • May 5, 2017 2:22pm May 5, 2017 2:22pm
Quoting Lock
Poor high cluster right now. But note that action is occurring above current pit poc.
Cluster taken out.
Ubi maior minor cessat
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