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Lock's Cable Corner

  • #6,521
  • Feb 28, 2020 4:03am Feb 28, 2020 4:03am
Quoting Lock
2920 is 02_26 GB close
failed there now retesting 2896-8 major Gb refs
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  • #6,522
  • Feb 28, 2020 4:10am Feb 28, 2020 4:10am
Quoting Lock
{quote} failed there now retesting 2896-8 major Gb refs
Here we got two possibilities: we get acceptation below them (2896-8) and consequently we will go and remove current poor low 2861 and eventually 2849. Or we will fail below them and then we could aim at a re-test of 2954
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  • #6,523
  • Feb 28, 2020 4:15am Feb 28, 2020 4:15am
The reasons for my short are the poor low at 2861 and the clear failure at 2920 plus the weak monthly low at 2849.
Let's see.
See previous posts.
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-02-28_2-12-48_GB current.png Size: 43 KB
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  • #6,524
  • Feb 28, 2020 4:21am Feb 28, 2020 4:21am
Note that for now GB is an inside session: its range is inside yesterday GB range: in any case, balance rules will apply.
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  • #6,525
  • Feb 28, 2020 4:23am Feb 28, 2020 4:23am
In order to preserve my short I would like to see current period and the next one closed below 2896-8. If not...
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  • #6,526
  • Feb 28, 2020 4:24am Feb 28, 2020 4:24am
Quoting Lock
The reasons for my short are the poor low at 2861 and the clear failure at 2920 plus the weak monthly low at 2849. Let's see. See previous posts. {image}
Hi Lock,

whats your target for this trade?
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #6,527
  • Feb 28, 2020 4:27am Feb 28, 2020 4:27am
also 2875 as said is yesterday GB close: for continuation we want to see price accepted below it as soon as possible.
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  • #6,528
  • Feb 28, 2020 4:34am Feb 28, 2020 4:34am
Quoting Almo2312
{quote} Hi Lock, whats your target for this trade?
2861 and, if a I'll see acceleration below it, 2849.
If I'll not see a fast acceptation below 2875 I'll scale out half.
If I'll see a clear rejection below 2896-8 I'll be off.
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  • #6,529
  • Feb 28, 2020 5:01am Feb 28, 2020 5:01am
Quoting Lock
{quote} 2861 and, if a I'll see acceleration below it, 2849. If I'll not see a fast acceptation below 2875 I'll scale out half. If I'll see a clear rejection below 2896-8 I'll be off.
It retested 2896-8 from below: now we got acceptation below them. But still we do not have acceptation below 2875. I scaled out half.
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  • #6,530
  • Feb 28, 2020 5:33am Feb 28, 2020 5:33am
Quoting Lock
{quote} It retested 2896-8 from below: now we got acceptation below them. But still we do not have acceptation below 2875. I scaled out half.
Here we are testing 2875.. watch out as it spent too much time above it.
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  • #6,531
  • Feb 28, 2020 6:21am Feb 28, 2020 6:21am
I closed everything when I saw H period closed above 2875. Now I period is an inside one: balance rules apply. It can continue lower and take out 2861 and 2849 or retrace back to re test 2896-8. In any case the session poc moved down. Let's see where "I" period will close, above or below 2875.
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  • #6,532
  • Feb 28, 2020 6:38am Feb 28, 2020 6:38am
Quoting Lock
{quote} Here we are testing 2875.. watch out as it spent too much time above it.
Quoting Lock
I closed everything when I saw H period closed above 2875. Now I period is an inside one: balance rules apply. It can continue lower and take out 2861 and 2849 or retrace back to re test 2896-8. In any case the session poc moved down. Let's see where "I" period will close, above or below 2875.
"I" period closed above 2875 as period "H": and here you have a rally.

Now let's see preUS open: major refs are 2909 (pit December low) and 2885 yesterday unch. Downside we got 28345 and 2823. Above 2942 and the major refs 2972-75.

In my opinion 2885 yesterday unch could be crucial: monitor for acceptation or rejection above and below it.
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  • #6,533
  • Feb 28, 2020 7:01am Feb 28, 2020 7:01am
PreUS opened almost exactly at yesterday pit open 2874: first step, monitor for acceptation or rejection above or below it
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  • #6,534
  • Feb 28, 2020 8:23am Feb 28, 2020 8:23am
Quoting Lock
PreUS opened almost exactly at yesterday pit open 2874: first step, monitor for acceptation or rejection above or below it
clear rejection above 2874 and now testing 28346. Note that 2823 pit low11.22.2019 is a poor low.
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  • #6,535
  • Feb 28, 2020 8:27am Feb 28, 2020 8:27am
Quoting Lock
{quote} clear rejection above 2874 and now testing 28346. Note that 2823 pit low11.22.2019 is a poor low.
poor low you mean that not strong money involve there?
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #6,536
  • Feb 28, 2020 8:40am Feb 28, 2020 8:40am
Quoting Lock
{quote} clear rejection above 2874 and now testing 28346. Note that 2823 pit low11.22.2019 is a poor low.
2823 tagged now even weaker than before.
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  • #6,537
  • Feb 28, 2020 8:42am Feb 28, 2020 8:42am
Quoting Almo2312
{quote} poor low you mean that not strong money involve there?
yes at the time (November 2019) those who bought there were probably weak money: as you see this does not mean it cannot continue higher as we got a big rally from there. It's a precious information to carry forward: now in fact we can use it for our business.
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  • #6,538
  • Feb 28, 2020 9:08am Feb 28, 2020 9:08am
Quoting Lock
{quote} 2823 tagged now even weaker than before.
We took it out but we established a new poor low...
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  • #6,539
  • Mar 2, 2020 1:47am Mar 2, 2020 1:47am
Will GB open below last week GB low 2861 or not? If so we will have a new gap downside.
Major refs below is 2793 GB NOV 19 low
Above we have 2896-8.
Friday GB close (also GB weekly close) is 27765.

NOTE: PIT clearly rejected its NOV 19 low at 27685 during Friday session.
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  • #6,540
  • Mar 2, 2020 1:53am Mar 2, 2020 1:53am
Do not forget that Friday GB session was an inside one: we are in an attempted break from balance. Balance rules apply.
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