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Lock's Cable Corner

  • #2,801
  • Jan 26, 2017 12:26am Jan 26, 2017 12:26am
Remember that our most important level upside for Gb is at 2673: watch out there, if reached.
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  • #2,802
  • Jan 26, 2017 12:28am Jan 26, 2017 12:28am
Quoting Lock
So GB opened above yesterday GB range high with a new gap upside overlapping the old one downside, as expected. It opened and drove upside, with apparent confidence. Now, we got a Tokyo poor high at 2662 and we left downside a back to back Sydney/Tokyo low at 2624. Current A period is elongated.
Now it is very elongated: carry this info forward.
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  • #2,803
  • Jan 26, 2017 12:30am Jan 26, 2017 12:30am
Quoting Lock
So GB opened above yesterday GB range high with a new gap upside overlapping the old one downside, as expected. It opened and drove upside, with apparent confidence. Now, we got a Tokyo poor high at 2662 and we left downside a back to back Sydney/Tokyo low at 2624. Current A period is elongated.
Taken out.
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  • #2,804
  • Jan 26, 2017 12:40am Jan 26, 2017 12:40am
The 2 closest major composite pocs are: above at 2675 and below at 2587. Carry this info forward in case of shake out during news.
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  • #2,805
  • Jan 26, 2017 12:54am Jan 26, 2017 12:54am
Quoting Lock
{quote} Now it is very elongated: carry this info forward.
Almost 50 % retracement of the too elongated A period.
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  • #2,806
  • Jan 26, 2017 1:06am Jan 26, 2017 1:06am
Quoting Lock
Remember that our most important level upside for Gb is at 2673: watch out there, if reached.
We are now just 3 pips below it: remember that we could find stronger sellers or buyers above it.
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  • #2,807
  • Jan 26, 2017 1:17am Jan 26, 2017 1:17am
Quoting Lock
Remember that our most important level upside for Gb is at 2673: watch out there, if reached.
Tagged.
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  • #2,808
  • Jan 26, 2017 1:33am Jan 26, 2017 1:33am
Quoting Lock
{quote} Tagged.

Remember that from below this ref it can only liquidate. No new money selling with out a test above it.
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  • #2,809
  • Jan 26, 2017 1:41am Jan 26, 2017 1:41am
Quoting Lock
{quote} Remember that from below this ref it can only liquidate. No new money selling with out a test above it.
So D liquidated B and C weak periods and a new portion of the too elongated initial A period. Now this liquidation could continue lower in order to fill the double pass gap, or stop balancing.
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  • #2,810
  • Jan 26, 2017 1:44am Jan 26, 2017 1:44am
This is from the morning report:

Quoting Lock
17/01/26 THURSDAY 08:30+1GMT EARLY MORNING REPORT ... About GB session, specifically, we are currently above a previous GB gap downside (from 14-15_12_16: the lasting portion of which is at 2605-26353).
Quoting Lock
So if GB will open above it we will have a double pass gap (the old gap overlapped by the new one upside) that could attract price, if instead we are going to open below it, the possibility to fill it and go to test the Nov 2016 GB high at 2673 are big. Anyway, also in the first case,after the possible correction of the double pass gap, we could eventually return back upside in order to test 2673.
Quoting Lock
Obviously this sequence could be inverted in the exact opposite one: a first test of 2673, then a correction of the double pass gap.
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  • #2,811
  • Jan 26, 2017 1:49am Jan 26, 2017 1:49am
Note the extreme elongation of the current D liquidation: carry this info forward if it took out the double pass and you will not see any continuation below it or if it will not be able to fill it at all. Because we do not had a test above 2673, but only a perfect tag of it.
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  • #2,812
  • Jan 26, 2017 1:53am Jan 26, 2017 1:53am
Quoting Lock
So GB opened above yesterday GB range high with a new gap upside overlapping the old one downside, as expected. It opened and drove upside, with apparent confidence. Now, we got a Tokyo poor high at 2662 and we left downside a back to back Sydney/Tokyo low at 2624. Current A period is elongated.
Now tagged.
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  • #2,813
  • Jan 26, 2017 2:15am Jan 26, 2017 2:15am
Quoting Lock
{quote} Now tagged.
Sydney/Tokyo weak lows taken out now.
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  • #2,814
  • Jan 26, 2017 2:17am Jan 26, 2017 2:17am
Quoting Lock
17/01/26 THURSDAY 08:30+1GMT EARLY MORNING REPORT ... About GB session, specifically, we are currently above a previous GB gap downside (from 14-15_12_16: the lasting portion of which is at 2605-26353).
......

Quoting Lock
Obviously this sequence could be inverted in the exact opposite one: a first test of 2673, then a correction of the double pass gap.
It is clearly trying to fill it. Anyway, again, watch out.
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  • #2,815
  • Jan 26, 2017 2:22am Jan 26, 2017 2:22am
Please, when you'll have time, re-read the early morning report (about GB) because today we got a textbook environment. And it could be a good learning opportunity in order to better understand market logic and behaviour.
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  • #2,816
  • Jan 26, 2017 2:29am Jan 26, 2017 2:29am
This is from the morning report:

Quoting Lock
17/01/26 THURSDAY 08:30+1GMT EARLY MORNING REPORT ... About GB session, specifically, we are currently above a previous GB gap downside (from 14-15_12_16: the lasting portion of which is at 2605-26353).
Quoting Lock
So if GB will open above it we will have a double pass gap (the old gap overlapped by the new one upside) that could attract price, if instead we are going to open below it, the possibility to fill it and go to test the Nov 2016 GB high at 2673 are big. Anyway, also in the first case,after the possible correction of the double pass gap, we could eventually return back upside in order to test 2673.
Quoting Lock
Obviously this sequence could be inverted in the exact opposite one: a first test of 2673, then a correction of the double pass gap.
Test of 2673 then double pass gap 2605-26353 FILLED. Perfet sequence today.
Ubi maior minor cessat
  • #2,817
  • Jan 26, 2017 2:32am Jan 26, 2017 2:32am
Now if there is no acceptation inside yes GB range (below 2605): all the way up to seriously test above 2673. If instead we will have acceptation back inside yes GB we could have a continuation of the current liquidation. But for any meaningfull serious continuation we should have acceptation also well below yes GB unch at 2584. So watch out, if not.
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  • #2,818
  • Jan 26, 2017 2:38am Jan 26, 2017 2:38am
Note that current action corrected already 5 anomalies of the 6 left by yesterday pit session profile. Surely it has been done by GB participants and not by pit US ones but anyway it is at least a form of partial correction of them.

Attached Image (click to enlarge)
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  • #2,819
  • Jan 26, 2017 2:56am Jan 26, 2017 2:56am
I'll be off for a while. Have a nice continuation. Best L.

PS: remember that current game is about acceptation or non acceptation back inside yesterday (below yesterday GB range high at 2605): current liquidation is currently against short term trend up and against developing value.
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  • #2,820
  • Jan 26, 2017 4:37am Jan 26, 2017 4:37am
I'm back.
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