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Attachments: Lock's Cable Corner
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Lock's Cable Corner

BEFORE I FINISHED Making this the POWER went off. It doesn't matter either you pay bills or not; the power always goes ON and OFF and right now it is OFF.
That is one of my challenges and still I am here and happy to be here.

I see G/U going up north and won't be greedy in any way.
I will hibernate my PC and will be back in an hour... Not praying for luck this time, it is all about risk "probable calculated one"


Thank you LOCK for creating this thread.
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Quoting actionmoney
BEFORE I FINISHED Making this the POWER went off. It doesn't matter either you pay bills or not; the power always goes ON and OFF and right now it is OFF. That is one of my challenges and still I am here and happy to be here. I see G/U going up north and won't be greedy in any way. I will hibernate my PC and will be back in an hour... Not praying for luck this time, it is all about risk "probable calculated one" Thank you LOCK for creating this thread. {image}

You're welcome! Now let's see what happened in the last fiew hours.

We are around 3191 main POC: nothing happened.
Ubi maior minor cessat
Quoting Lock
...and went up from a round number 3200. These are all weak references used by weak hands money traders. You may trade them if you are fast enough but you should know at least who is ruling the market, who are your current competitors and consequently what kind of risk you are investing in a trade alongside those actions.
Quoting Lock
...PS: and now we add to this the weak GB high exactly at the top of the old gap down from 09.13 (top of D period tagging the bottom of 09.13 GB session) I'm off for some time. See you later.
Now the weak ref at 3245 ( top of D period tagging the bottom of 09.13 GB session ) has been removed and now we have a poor high right above it at 3248! Price went down again from there correcting the third anomaly from yesterday pit session and removing the weak C low at round 3200. it is now balancing around the major poc waiting for the big news around 3191.
Ubi maior minor cessat
Quoting Lock
{quote} You're welcome! Now let's see what happened in the last fiew hours. We are around 3191 main POC: nothing happened.
Welcome back Lock. Now, I'm trading from my blackberry Q5 and it a bit slower to use web trader but i'm enjoying the learning process on this forum especially this thread and few from cable g/u.

The calendar have some new us data coming up @ 01:30 pm GMT+1; Do you feel the result of the information will affect the g/u to move up north above 1.33** again or lower than POC 1.3191?

The previous information given were accurate and it's making me wondering how vast the us data will act and to which direction are we moving next. North or South???
PreUS opens inside yesterday pit range, and inside yesterday pit value. Initial acceptation of yesterday range/value and balance is expected. Up and down open price. No conviction at all here. Let this market shake out is the suggestion.
Ubi maior minor cessat
Inventories are currently very short. If it will insist downside with the news, watch out! This market could put itself in a very dangerous position. Anyway considering the overall situation I'm totally neutral for now.

14:24 Current preUS is tagging GB low so is weak.

Don't be too anxious to trade this. If you miss a trade you miss a trade, so what? It is better than lose money.
Ubi maior minor cessat
B went up and tag the brexit low 3227. (That now is weak)
Ubi maior minor cessat
Still inside yesterday value/range. Nothing happened yet but the brexit low and the GB low tests . We are at the mid of the current session (hb) and well between yesterday pit unchanged 3235 and open 3173.
Ubi maior minor cessat
Quoting Lock
Still inside yesterday value/range. Nothing happened yet but the brexit low and the GB low tests . We are at the mid of the current session (hb) and well between yesterday pit unchanged 3235 and open 3173.
I see buying through VSA, but the price is not moving directionally.
My reference points are saying it does have to, but it does not do it.

Best
D.P.
Hunting High and Low
No edge for now. Up and down open price. Lack of conviction for now. I'll wait some more. Best L.

PS: Note that price action is insisting downside from Sydney high...
Ubi maior minor cessat
It is a very risky situation, I see the incredible weakness above for now. But also a lack of conviction. Let's see. It will be very interesting to see where pit session will open.
Ubi maior minor cessat
  • Post #92
  • Quote
  • Edited 9:11am Sep 15, 2016 9:01am | Edited 9:11am
15:00 +1 GMT C low at half back. 32055
15:04 removed but now weak at open/round 3200
15:06 removed also this one.
15:08 C low tags exactly the main POC at 3191
15:11 back to open/round 3200
Ubi maior minor cessat
3227 brexit high and GB/preUS back to back lows at 3185 zone made the balance here.
Remember the balance rules:break down or up and fails, back to the opposite side of the balance. Break up or down and accelerate, go with the break and monitor for continuation.

If pit session will open around here it will be inside yesterday range/value. So, again, at least initial acceptation of this range/value is expected.
Ubi maior minor cessat
Note that yesterday pit session is a double distribution profile. Consider these 2 distributions as separate sessions. And observe price relating to them separately. When pit will open the questions should be: iis price above or below the lower distribution? And is it above or below the upper distribution?
Ubi maior minor cessat
Pit opens inside the lower distribution. A distribution is a balance so apply the balance rules to this one (31855-3209)
Ubi maior minor cessat
This is serious. One of my broker didn't provide data when price went down to 3180 removing the Back to back Gb/preUS lows, right below the yesterday pit lower distribution. Fortunately I see the movement from other sources. Very bad.
So the first attempt below balance failed, natural taget at the opposite side of the balance. Tight structural stops below the balance. If it fails and come down again the risk is minimum.
Ubi maior minor cessat
Did your brokers provided the 3180 data? Well now I'm a little confused here. let me verify other sources.
Ubi maior minor cessat
Yes 31796 is sure. So first breakout below yesterday pit lower distribution effectively failed. A buy was licit at the base of it as written.
Ubi maior minor cessat
3191 too strong for now to evade.
Ubi maior minor cessat
Second attempt down with B period. Inventories even shorter then before pit open. Nothing of the weak overnight activity has been corrected for now. Watch out! There are still 3 pips of excess downside for A period. It's not so much but it could last maybe.
Ubi maior minor cessat
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