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Lock's Cable Corner

  • #6,301
  • Feb 4, 2020 6:54am Feb 4, 2020 6:54am
Quoting Sinax
Hello Lock! Sorry for the bad English and what I write in your thread, I can’t send you a personal message, I used your indicator “ay-TPOChart-Session.v1.20-LOCK-V04е.” Everything was fine and everything worked until I decided to try this one which posted a post above "ay-TPOChart-Session.v1.20-LOCK-V04f_FF_v1.00j". Now neither one nor the other do not work at all. Help me to understand!!!
Sorry I have no idea what so ever about this possible issue. I didn't test yet the new mod. I'll inform you when I'll make a test of it.
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  • #6,302
  • Feb 4, 2020 8:26am Feb 4, 2020 8:26am
Quoting Lock
{quote} Note that the first one has not been taken out completely by a pit session: some pips 30364-30395 have not been filled yet: carry forward this precious information if price will continue lower.
Now, as you see that was a precious information: let's see if pit session will be able to finally fill 30364-30395 or not.
2999 is yesterday pit unch.
And remember that the multi pas gap at 2970-2975 has not been filled yet too.
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  • #6,303
  • Feb 4, 2020 10:12am Feb 4, 2020 10:12am
Quoting Lock
{quote} Now, as you see that was a precious information: let's see if pit session will be able to finally fill 30364-30395 or not. 2999 is yesterday pit unch. And remember that the multi pas gap at 2970-2975 has not been filled yet too.
Note that C period tagged exactly 30364 the low of the remaining gap left upside. Note also that current action is based upon A period low tagging exactly us open level 3012 and B, C and D periods all tagging exactly PIT open at 3020
Very weak money involved here.
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  • #6,304
  • Feb 5, 2020 1:46am Feb 5, 2020 1:46am
Quoting Lock
{quote} Now, as you see that was a precious information: let's see if pit session will be able to finally fill 30364-30395 or not. 2999 is yesterday pit unch. And remember that the multi pas gap at 2970-2975 has not been filled yet too.
It eventually managed to fill 30364-30395. Now, for the next PIT sessions we still have the 3 pass gap at 2970-2975.

About GB note that we are currently around yesterday GB unch 30115. Yesterday GB close is instead 30275.

And we left numerous anomalies during the upside rejection from GB January inside month low 2954 and 01_30 GB inside week low 22775: let's see if today GB will confirm acceptation above these fundamental levels (on monthly and weekly time frame) and if it will try a new attempt below them or not.

Note that the GB gap downside from Monday GB low 30455 to yesterday GB high 30255 is still in place. Finally note that yesterday GB high coincides with 01_30_ GB spike base: it's a go-no go level
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  • #6,305
  • Feb 5, 2020 2:02am Feb 5, 2020 2:02am
In case of acceptation above yesterday GB high 30255 (=01_30 GB spike base) we could imagine a complete retracement of the last GB gap up to Monday GB low 30455 and then (if so) we could see if it will continue higher to the 4 anomalies left by GB Monday or not.
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  • #6,306
  • Feb 5, 2020 2:06am Feb 5, 2020 2:06am
Remember that for now GB rejected both 2954 and 29775: so unless a new attempt downside will be put in place, odds are in favor to a complete correction of last inside GB week and January inside month. The only thing that worries me is that 3 pass pit gap left downside at 2070-2975: how far could GB go upside considering this? Anyhow, let's take the market one piece at a time.
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  • #6,307
  • Feb 5, 2020 2:07am Feb 5, 2020 2:07am
Quoting Lock
{quote} ...and 01_30 GB inside week low 22775...
clearly 29775, sorry
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  • #6,308
  • Feb 5, 2020 3:20am Feb 5, 2020 3:20am
Quoting Lock
In case of acceptation above yesterday GB high 30255 (=01_30 GB spike base) we could imagine a complete retracement of the last GB gap up to Monday GB low 30455 and then (if so) we could see if it will continue higher to the 4 anomalies left by GB Monday or not.
For now we got a rejection of 30455.. In any case take this market one piece at a time. We didn't test 30255 that as written is a go-no go level and btw we got acceptation above it: conflicting information here. Be prudent.
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  • #6,309
  • Feb 5, 2020 8:30am Feb 5, 2020 8:30am
Quoting Lock
Remember that for now GB rejected both 2954 and 29775: so unless a new attempt downside will be put in place, odds are in favor to a complete correction of last inside GB week and January inside month. The only thing that worries me is that 3 pass pit gap left downside at 2070-2975: how far could GB go upside considering this? Anyhow, let's take the market one piece at a time.
Well, not so far evidently...
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  • #6,310
  • Feb 5, 2020 8:32am Feb 5, 2020 8:32am
Crucial moment here 2975 is January Pit inside month low. While 2972 is November pit inside month high! And the triple pass gap is 2970-75
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  • #6,311
  • Feb 5, 2020 8:40am Feb 5, 2020 8:40am
If pit will fail below this cluster of main references we could aim at the opposite side of the inside month, meaning 3210. If instead it will succeed we could reach nov 19 low 27685. Note anyhow that we are leaving upside numerous anomalies plus 2 multi pass pit gaps
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  • #6,312
  • Feb 5, 2020 8:41am Feb 5, 2020 8:41am
Quoting Lock
{quote} It eventually managed to fill 30364-30395. Now, for the next PIT sessions we still have the 3 pass gap at 2970-2975. .....l
2970-2975 eventually filled
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  • #6,313
  • Feb 5, 2020 8:45am Feb 5, 2020 8:45am
In case of acceptation below 2975 and 2972, the next clear target is 2914 pit 12_24 PL. In case of rejection below them, we could retrace back, as a first step to yesterday low 3012.
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  • #6,314
  • Feb 5, 2020 8:55am Feb 5, 2020 8:55am
Although we are in pit session consider also that 2954 is GB inside month low (Jan GB low*): for any meaningful continuation acceptation below it is clearly needed. As it is needed acceptation below 2942 that is the last inside PIT week high of November before the rally.

*The rejection of yesterday GB in fact occurred right here.
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  • #6,315
  • Feb 5, 2020 11:06am Feb 5, 2020 11:06am
Quoting Lock
In case of acceptation below 2975 and 2972, the next clear target is 2914 pit 12_24 PL. In case of rejection below them, we could retrace back, as a first step to yesterday low 3012.
So, clear rejection of 2975 and 2972 and here we are a couple of pips just below 3012 yesterday pit low. Let's see tomorrow if today rejection will be confirmed and the opening level of Gb session. Have a nice trading.
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  • #6,316
  • Feb 6, 2020 5:49am Feb 6, 2020 5:49am
Note GB testing again January inside month low 2954: go-no go level
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  • #6,317
  • Feb 6, 2020 5:57am Feb 6, 2020 5:57am
29775 is 01_30 GB inside week low: any possible action upside needs acceptation above it as it needs acceptation above 2954.
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  • #6,318
  • Feb 6, 2020 6:02am Feb 6, 2020 6:02am
Please note C period high exactly at yesterday GB close level 29985 and E period high exactly at GB open 29815: carry forward these information if price will continue lower.

Finally note F period high exactly at early morning low (the low of the first 2 GB periods) at 29755. Again carry forward this info if price will continue lower.
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  • #6,319
  • Feb 6, 2020 6:21am Feb 6, 2020 6:21am
An other element to consider: monitor current poc position around 2980. We got 4 letters there. If the poc will move downside from there (eventually during next period) a testing spike downside is not impossible. If instead we will not see the poc moving downside, watch out as a complete retracement of GB action is possible, also considering the weaknesses left above and the current failure below 2954.
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  • #6,320
  • Feb 6, 2020 6:32am Feb 6, 2020 6:32am
Volume poc too, clearly. Let's see as the Vpoc remained higher for now.
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