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Lock's Cable Corner

  • #7,321
  • Nov 9, 2020 7:50am Nov 9, 2020 7:50am
Quoting brewmaster
{quote} Will you short during E period if D could not retake above 3149 ?
provided C closes below 3149
  • #7,322
  • Nov 9, 2020 7:58am Nov 9, 2020 7:58am
Quoting Lock
Now price finally managed to go below 3149 with current C period action. If C will close below 3149 and next period will be not able to retake above 3149, that one will be a good occasion to sell. If instead we will see price back bove 3149 and gaining acceptation above it that could provide us balance or a new opportunity to retest current high.
...back to 3149...
Ubi maior minor cessat
  • #7,323
  • Nov 9, 2020 8:01am Nov 9, 2020 8:01am
Quoting brewmaster
{quote} Will you short during E period if D could not retake above 3149 ?

We are at D period open (so C closed above 3149): I want to see acceptation below it or rejection above it to short.
Ubi maior minor cessat
  • #7,324
  • Nov 9, 2020 8:07am Nov 9, 2020 8:07am
Quoting Lock
{quote} We are at D period open (so C closed above 3149): I want to see acceptation below it or rejection above it to short.
that D period clearly did...
Ubi maior minor cessat
  • #7,325
  • Nov 9, 2020 8:08am Nov 9, 2020 8:08am
31255 is pit friday open: acceptation below it for continuation downside..
Ubi maior minor cessat
  • #7,326
  • Nov 9, 2020 8:14am Nov 9, 2020 8:14am
Quoting Lock
31255 is pit friday open: acceptation below it for continuation downside..
If acceptation below 31255, Friday pit low is very possible and eventually outside session to 3079. But if not, back to 3149
Ubi maior minor cessat
  • #7,327
  • Nov 9, 2020 8:19am Nov 9, 2020 8:19am
Quoting Lock
{quote} that D period clearly did...
I was about to short at the opening of D period but seeing C closed above 31490 I did not take the trade. Better be safe than sorry
  • #7,328
  • Nov 9, 2020 8:44am Nov 9, 2020 8:44am
E period has not been able to rtest from below 3149, so with any probability we can have acceptation below it. Also current back to back low with GB low is weak. In any case I do not like at all how this market is coming down. Let's see anyhow, following market generated info.
Ubi maior minor cessat
  • #7,329
  • Nov 9, 2020 8:58am Nov 9, 2020 8:58am
E inside period: balance rules. No acceptation below Pit Friday open
Ubi maior minor cessat
  • #7,330
  • Nov 9, 2020 9:08am Nov 9, 2020 9:08am
This balance here finished to absorb any energy I had. Whatever the outcome I'm off. Too late for me. Have a nice continuation!
Ubi maior minor cessat
  • #7,331
  • Nov 9, 2020 11:31pm Nov 9, 2020 11:31pm
Yesterday GB and Pit sessions both tested their respective October highs:
GB close at 31355 (below its October high 3150);
Pit closed at 31635 (below its October high 31765):

I tell you immediately that I do not know if this test could be considered significantly. And today can maybe help us to better understend the situation.

So for today GB session main refs to consider are:

  1. 3190 current GB November high;
  2. 31615 highest GB November close;
  3. 3150 GB October high;
  4. 31355 Yes GB close;

If you see price accepted above them we can continue higher. If not I suppose balance or some sort of liquidation.

Note: From now on for GB refs I'll try to use magenta color. For Pit refs Blue color

Ubi maior minor cessat
  • #7,332
  • Nov 9, 2020 11:34pm Nov 9, 2020 11:34pm
Note, again as yesterday, Tokyo high at 3200 round number.

Yesterday low 3118 is considered weak as Pit session low is only 1 single pip above yes GB low.
Ubi maior minor cessat
  • #7,333
  • Nov 9, 2020 11:42pm Nov 9, 2020 11:42pm
Hi Bro,,

good to see you back seen your after a long time i think its more than two years,,,,how is your health now,,,are you safe from the virus,,,good to see you back,,

regards
MRMALIK1
  • #7,334
  • Nov 9, 2020 11:45pm Nov 9, 2020 11:45pm
Current Tokyo and Sydney lows are both poor: very weak environment.
Ubi maior minor cessat
  • #7,335
  • Nov 9, 2020 11:47pm Nov 9, 2020 11:47pm
Quoting mrmalik1
Hi Bro,, good to see you back seen your after a long time i think its more than two years,,,,how is your health now,,,are you safe from the virus,,,good to see you back,, regards
Hi, how are you? I hope fine too. It's not a good environment overall, not only in the markets. It's the ugliest time I ever experienced. And, in my opinion, it's seriously worsening. Have a nice trading. Best.
Ubi maior minor cessat
  • #7,336
  • Nov 9, 2020 11:49pm Nov 9, 2020 11:49pm
Quoting Lock
{quote} Hi, how are you? I hope fine too. It's not a good environment overall, not only in the markets. It's the ugliest time I ever experienced. And, in my opinion, it's seriously worsening. Have a nice trading. Best.
i am good and safe,,,your country has effected badly nice to see you,,,
MRMALIK1
  • #7,337
  • Nov 10, 2020 12:01am Nov 10, 2020 12:01am
GB open 31725
  • #7,338
  • Nov 10, 2020 12:04am Nov 10, 2020 12:04am
3190 yes GB high testing. If rejection back to the mean if acceptation is again attempted rally.
Ubi maior minor cessat
  • #7,339
  • Nov 10, 2020 12:09am Nov 10, 2020 12:09am
Quoting brewmaster
GB open 31725
I have 31715, not 72. Slightly difference anyhow.
Ubi maior minor cessat
  • #7,340
  • Nov 10, 2020 12:19am Nov 10, 2020 12:19am
Quoting Lock
Note, again as yesterday, Tokyo high at 3200 round number. Yesterday low 3118 is considered weak as Pit session low is only 1 single pip above yes GB low.

Tokyo high taken out.
Ubi maior minor cessat
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