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Lock's Cable Corner

  • #661
  • Oct 5, 2016 5:31am Oct 5, 2016 5:31am
Quoting Lock
{quote} The only clear thing here is that G is balancing inside F. I was thinking at a coming back up to the main POC 2732, but for now it's doing nothing but balance.
G confirmed inside bar of F : it could break from here.
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  • #662
  • Oct 5, 2016 5:41am Oct 5, 2016 5:41am
Quoting Lock
{quote} G confirmed inside bar of F : it could break from here.
And H is inside G for now. The narrower the balance the more intense the break generally. But I have to admint that it is very complex today.
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  • #663
  • Oct 5, 2016 5:46am Oct 5, 2016 5:46am
Quoting Lock
{quote} And H is inside G for now. The narrower the balance the more intense the break generally. But I have to admint that it is very complex today.
you get too much into the details. I have to admit you are a good scalper
  • #664
  • Oct 5, 2016 5:49am Oct 5, 2016 5:49am
Quoting giveachance
{quote} you get too much into the details. I have to admit you are a good scalper
Yuo are absolutely correct. Today I was focused too much over the micro scale. Let's see now. Best L.

Thanks for the compliments but I do not consider myself a scalper. I'm an intraday trader and sometimes I become a not so smart intraday trader.
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  • #665
  • Oct 5, 2016 6:00am Oct 5, 2016 6:00am
Now we are in the 2 last periods of GB. In a normal condition I would say it could spike from here. Maybe the upcoming news are influencing this market. Value is building lower from yesterday GB session value. Trend is down weekly and daily. But this composite POC is very near. Below we have also a lot of single pips for A period. Let's see if it will do something before preUS. If it will go downside it could build a further gap down for US sessions. If upside preUS will possibly open inside yesterday pit range: in that case initial balance and acceptation of yesterday pit range is expected.
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  • #666
  • Oct 5, 2016 6:08am Oct 5, 2016 6:08am
Quoting Lock
{quote} The only clear thing here is that G is balancing inside F. I was thinking at a coming back up to the main POC 2732, but for now it's doing nothing but balance.
And that's normal. The question here is why it spent 1 hour and a half balancing around yesterday pit session low. It remained a mystery for me.
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  • #667
  • Oct 5, 2016 7:59am Oct 5, 2016 7:59am
Quoting Lock
.... Trend is down weekly and daily. But this composite POC is very near. Below we have also a lot of single pips for A period. Let's see if it will do something before preUS. If it will go downside it could build a further gap down for US sessions. If upside preUS will possibly open inside yesterday pit range: in that case initial balance and acceptation of yesterday pit range is expected.
PreUS opened inside yesterday pit range and we are now balancing with A and B periods. It was balancing in the last hour. B was (edit) inside A.
Very narrow range for preUS. Both A and B periods also tested already yesterday pit range low at 2719. We have a B C poor high above and a weak low for C period at hb/yesterday pit unch.
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  • #668
  • Oct 5, 2016 8:19am Oct 5, 2016 8:19am
Quoting Lock
{quote} PreUS opened inside yesterday pit range and we are now balancing with A and B periods. It was balancing in the last hour. B was (edit) inside A. Very narrow range for preUS. Both A and B periods also tested already yesterday pit range low at 2719. We have a B C poor high above and a weak low for C period at hb/yesterday pit unch.
Poor high taken out. Still balance environment close to the composite POC at 2732. Less than 10 minutes to go for the pit session open.
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  • #669
  • Oct 5, 2016 8:22am Oct 5, 2016 8:22am
Stops cluster at 2745 level. I don't know what could happen above it (if reached eventually) If we find acceleration above it we could also test the breakeven at 2795. If we will find a stall maybe there were only stops.
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  • #670
  • Oct 5, 2016 8:29am Oct 5, 2016 8:29am
Quoting Lock
Stops cluster at 2745 level. I don't know what could happen above it (if reached eventually) If we find acceleration above it we could also test the breakeven at 2795. If we will find a stall maybe there were only stops.
Taken out. Watch out for Pit open. Different partecipants in it.
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  • #671
  • Oct 5, 2016 8:36am Oct 5, 2016 8:36am
Note that current action is against weekly and daily trend down. Also we did not solve the yesterday pit session poor low at 2719. And we are close to a composite POC at 2732 and before news. If it will continue higher from here withoout doing any correction it will be clearly short covering, not new money buying. Above, as written many times, we have the breakeven to test at 2795.

Note also that preUS C period low was at preUS half back 27255 that was also yesterday pit session unchanged (close price)

Watch out also for the following reason:

Quoting Lock
Stops cluster at 2745 level. I don't know what could happen above it (if reached eventually) If we find acceleration above it we could also test the breakeven at 2795. If we will find a stall maybe there were only stops.
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  • #672
  • Oct 5, 2016 9:07am Oct 5, 2016 9:07am
Quoting Lock
Note that current action is against weekly and daily trend down. Also we did not solve the yesterday pit session poor low at 2719. And we are close to a composite POC at 2732 and before news. If it will continue higher from here withoout doing any correction it will be clearly short covering, not new money buying. Above, as written many times, we have the breakeven to test at 2795. Note also that preUS C period low was at preUS half back 27255 that was also yesterday pit session unchanged (close price) Watch out also for the following reason: {quote}...
As you see.... Back to the POC at 2732. Anyhow note that current B high is at round 2750 so is weak.

It's still a weak environment watch out!
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  • #673
  • Oct 5, 2016 9:14am Oct 5, 2016 9:14am
For any meaningfull continuation downside we want to test yesterday unchanged as soon as possible and find acceptation below it. (27255) If not, consider that currently we are building value above yesterday pit value..
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  • #674
  • Oct 5, 2016 9:33am Oct 5, 2016 9:33am
Pit session opened inside yesterday pit session range, so initial balancing was expected.
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  • #675
  • Oct 5, 2016 9:47am Oct 5, 2016 9:47am
No way to evade the POC at 2732 without big volumes.
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  • #676
  • Oct 5, 2016 10:07am Oct 5, 2016 10:07am
Quoting Lock
{quote} As you see.... Back to the POC at 2732. Anyhow note that current B high is at round 2750 so is weak. It's still a weak environment watch out!
As you see again... round 2750 taken out...
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  • #677
  • Oct 5, 2016 10:16am Oct 5, 2016 10:16am
Quoting Lock
...Note that Tokyo spike down was a benchmark bar to test lower. Now a possible benchmark upside is possible*. But remember that we are watching a short covering for now. Also considering, as written, that we have not a test yet at the breakeven 2795.
I don't know if this is the benchmark upside (the mirror of the other one made this night by Tokyo downside). I know that current environment is extraordinary weak and very risky. We left downside two back to back pit session poor lows (yesterday and current session) so... Watch out at the top of yesterday pit session 27745. If we will have acceptation above it we could eventually test the breakeven at 2795. If not, back to the POC.
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  • #678
  • Oct 5, 2016 10:47am Oct 5, 2016 10:47am
Pit poor lows are: yesterday 2919, Today 2728

Current E period is the last of London and is inside D period.
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  • #679
  • Oct 5, 2016 11:10am Oct 5, 2016 11:10am
Quoting Lock
Pit poor lows are: yesterday 2919, Today 2728 Current E period is the last of London and is inside D period.
London close at 2744 is only 2 pips below yesterday London close. And we are now up and down it.
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  • #680
  • Oct 5, 2016 11:31am Oct 5, 2016 11:31am
F is inside E that is inside D. Watch out.
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