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Lock's Cable Corner

  • #4,921
  • Oct 3, 2017 4:24am Oct 3, 2017 4:24am
1.3200 is my target too Lock...
  • #4,922
  • Oct 3, 2017 4:53am Oct 3, 2017 4:53am
Quoting Lock
32445 poor low.
Eventually taken out.
Ubi maior minor cessat
  • #4,923
  • Oct 3, 2017 4:56am Oct 3, 2017 4:56am
Quoting Trade-G
1.3200 is my target too Lock...
Too get it acceptation below 32273 is needed as a conditio sine qua non. Also this will mean acceptation below overnight low (current Tokyo low 3229)
Ubi maior minor cessat
  • #4,924
  • Oct 3, 2017 5:25am Oct 3, 2017 5:25am
For now we got a double distribution: it has to remain like that for any serious continuation downside as it will underline that a change is occurred. If not the odds for continuation during current Gb session will decrease significantly.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-10-03_12-30-26_double distribution.png Size: 63 KB
Ubi maior minor cessat
  • #4,925
  • Oct 3, 2017 5:36am Oct 3, 2017 5:36am
G period inside F period: an other possible break from here. Balance rules apply as normal.
Ubi maior minor cessat
  • #4,926
  • Oct 3, 2017 5:48am Oct 3, 2017 5:48am
Quoting Lock
G period inside F period: an other possible break from here. Balance rules apply as normal.
As you see it broke upside and tagged at the pip 32674, our main level here. Note also that it filled the empty space between the 2 previously existing separate distributions of current GB session. Now if we will not find acceptance back inside the upper distr. it could revert again, going into balance.
Ubi maior minor cessat
  • #4,927
  • Oct 3, 2017 6:45am Oct 3, 2017 6:45am
Quoting Lock
{quote} As you see it broke upside and tagged at the pip 32674, our main level here. Note also that it filled the empty space between the 2 previously existing separate distributions of current GB session. Now if we will not find acceptance back inside the upper distr. it could revert again, going into balance.
And here we are back into initial balance. Now, because we are close to preUS open, it could be better to start monitoring for yesterday pit low 3256 and yesterday pit unch 32765: for any continuation downside during upcoming US sessions we have to get acceptation below these values.
Ubi maior minor cessat
  • #4,928
  • Oct 3, 2017 7:26am Oct 3, 2017 7:26am
Quoting Lock
{quote} Too get it acceptation below 32273 is needed as a conditio sine qua non. Also this will mean acceptation below overnight low (current Tokyo low 3229)
PreUS tagged right now brexit low 32273 (at the pipette), just a couple of pips below overnight low.
Ubi maior minor cessat
  • #4,929
  • Oct 3, 2017 8:45am Oct 3, 2017 8:45am
Quoting Lock
{quote} And here we are back into initial balance. Now, because we are close to preUS open, it could be better to start monitoring for yesterday pit low 3256 and yesterday pit unch 32765: for any continuation downside during upcoming US sessions we have to get acceptation below these values.
So Pit session opened at 15:30+1GMT with a new little gap downside and here we are at 3256, testing yesterday pit session low.
Ubi maior minor cessat
  • #4,930
  • Oct 3, 2017 8:48am Oct 3, 2017 8:48am
Quoting Lock
{quote} So Pit session opened at 15:30+1GMT with a new little gap downside and here we are at 3256, testing yesterday pit session low.
Now, as for any continuation downside acceptation below this value is needed, at the contrary acceptation above it, meaning inside yesterday pit session range/balance, could provide the opposite effect, meaning a complete retracement of yesterday pit session range. Up to 32962. So monitor carefully this level and the upper unchanged at 32765.
Ubi maior minor cessat
  • #4,931
  • Oct 3, 2017 8:51am Oct 3, 2017 8:51am
Quoting Lock
{quote} PreUS tagged right now brexit low 32273 (at the pipette), just a couple of pips below overnight low.
Note that after the initial weak tag of 32273, preUS retested below it and failed once. But pit session participants were not involved in this test as pit session was not opened yet. So if we will fail back inside yesterday pit session range (above 32558) the natural direction will be this (back to re test 32273)
Ubi maior minor cessat
  • #4,932
  • Oct 3, 2017 9:51am Oct 3, 2017 9:51am
A little note that could be interesting: 32674 as written multiple time is the top of the last lower minor bracket and has been made during the GB session of 03/08/2017. But the top of tha same bracket, only considering pit session activity is 3250, made the day before (02/08/2017) by a pit session.

So, potentially, establishing acceptation above or below this level could be very significant for pit participants. And this could also explain all this struggling around it.
Ubi maior minor cessat
  • #4,933
  • Oct 3, 2017 10:02am Oct 3, 2017 10:02am
Quoting Lock
{quote} Note that after the initial weak tag of 32273, preUS retested below it and failed once. But pit session participants were not involved in this test as pit session was not opened yet. So if we will fail back inside yesterday pit session range (above 32558) the natural direction will be this (back to re test 32273)
Anyway, for now pit session failed back inside yesterday pit session range and we did not obtain acceptation above 32558 (yes pit low). Also currently we got a poor low at 32393.
Ubi maior minor cessat
  • #4,934
  • Oct 3, 2017 10:03am Oct 3, 2017 10:03am
Extremely narrow range for this session. I doubt it could end like that.
Ubi maior minor cessat
  • #4,935
  • Oct 3, 2017 10:09am Oct 3, 2017 10:09am
Up and down daily composite poc around 3250. Not a clue of what is trying to do. And when you do not understand what a market is doing there's no shame in not to be involved in it. I'm off till something significant.
Ubi maior minor cessat
  • #4,936
  • Oct 3, 2017 10:22am Oct 3, 2017 10:22am
Attempting again back inside yes pit range. A real mess for now. Still waiting for something significant. Daily poc very prominent. Volume needed to evade it.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-10-03_17-24-52_daily poc.png Size: 47 KB
Ubi maior minor cessat
  • #4,937
  • Oct 3, 2017 11:03am Oct 3, 2017 11:03am
Last period was an inside one: balance rules apply. Poor low cluster 32393
Ubi maior minor cessat
  • #4,938
  • Oct 3, 2017 11:18am Oct 3, 2017 11:18am
Quoting Lock
Last period was an inside one: balance rules apply. Poor low cluster 32393
I think it will not resist. An other story is a possible continuation below it. IF succeeded, we could reach 3206. If not, end in balance is probable.
Ubi maior minor cessat
  • #4,939
  • Oct 3, 2017 12:17pm Oct 3, 2017 12:17pm
Quoting Lock
Last period was an inside one: balance rules apply. Poor low cluster 32393
Quoting Lock
{quote} I think it will not resist. An other story is a possible continuation below it. IF succeeded, we could reach 3206. If not, end in balance is probable.
Poor low cluster 32393 taken out. Break failed downside. Here we are at the opposite side of balance. Balance rules applied. Now let's see if it will end in balance or if it will attempt something more.
Ubi maior minor cessat
  • #4,940
  • Oct 3, 2017 12:24pm Oct 3, 2017 12:24pm
Well, I'm off for today. Have a nice continuation. Best, L.
Ubi maior minor cessat
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