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Lock's Cable Corner

  • #1,721
  • Nov 22, 2016 4:09am Nov 22, 2016 4:09am
Quoting princefred
What is missing in these analysis is the final line when the buying selling and exiting should be. The implications and application of the analysis to actually trade.

You are correct: this part is the decision a trader has to personally make. It's not my purpose here to suggest entry levels. Best L.

PS: trader behaviours are different and regard any particular attitude a trader has in his way of be involved in a particular market. What is good for a trader could be devastating for an other one. So there are no "absolute" entry levels, but relative ones.
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  • #1,722
  • Nov 22, 2016 4:21am Nov 22, 2016 4:21am
Quoting Lock
16/11/22 TUESDAY 08:53 +1GMT (edited untill 08:57) EARLY MORNING REPORT ... Other relevant info regards the old GB GAP downside at 24355-2446 (that will become a DOUBLE PASS GAP) and the old GB TRIPLE PASS GAP at 25413-2553. ....
11:21 Filled at the pip...
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  • #1,723
  • Nov 22, 2016 4:23am Nov 22, 2016 4:23am
Quoting Lock
10:43 Extraordinary weak environment for now: very narrow range (30 pips), poor high, weak C period low at half back, weak period A low at Tokyo low tag, D period low at half back too. It should unfold from here.
11:23+1GMT
All weak references downside taken out. Market eventually unfolded from very narrow range.
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  • #1,724
  • Nov 22, 2016 4:44am Nov 22, 2016 4:44am
11:44+1GMT

We left upside a weak E period high at open price (24765) and a poor high at 24955, plus a big minus development at 24386-24635 (made by E period liquidation). Also Tokyo high was poor and weak as previously written (at 25123).

The gap upside is still in place from above the yesterday spike top at 24078. So it is still a support for now. (as it is a support the yesterday spike itself with base at 2350) Only a lot of emotion in this market and weak participants.
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  • #1,725
  • Nov 22, 2016 5:16am Nov 22, 2016 5:16am
12:16
Now the imortant thing is to see if current GB action will preserv the current double distribution profile or if it will fill the minus development creating a single distribution for current session. A double distribution could lead to continuation downside, while a filling of the minus development could lead to a full balance ending for this session or eventually a correction up to the above weaknesses.
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  • #1,726
  • Nov 22, 2016 5:30am Nov 22, 2016 5:30am
Quoting Lock
11:44+1GMT We left upside a weak E period high at open price (24765) and a poor high at 24955, plus a big minus development at 24386-24635 (made by E period liquidation). Also Tokyo high was poor and weak as previously written (at 25123). The gap upside is still in place from above the yesterday spike top at 24078. So it is still a support for now. (as it is a support the yesterday spike itself with base at 2350) Only a lot of emotion in this market and weak participants.
12:30 minus development filled at the pip.
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  • #1,727
  • Nov 22, 2016 5:35am Nov 22, 2016 5:35am
12:33 I'm off for now. I'll be back late in the afternoon maybe. Have a good continuation. Best L.
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  • #1,728
  • Nov 23, 2016 1:59am Nov 23, 2016 1:59am
08:59 +1GMT

Tokyo balanced all night around the main composite poc at 2415. And we are at the bottom of the old GB gap upside from 11.21 (2407-yesterday GB low 24223): so we are below yesterday session in a rotational enironment.

Unfortunately I cannot follow this session. See you later. Best L.
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  • #1,729
  • Nov 23, 2016 6:15am Nov 23, 2016 6:15am
16/11/23 wednesday 13:15 +1GMT (edited untill 13:24)
LATE MORNING REPORT

GB didn't fill the new gap downside that is currently a DOUBLE PASS GAP and left a poor low at 23667. It aslo attempted without success a complete fill of the old minus development down to 2354.

If price will remain around current level preUS is going to open inside yesterday pit session range (23835-24413 balance session) but we are before big news so it's possible that current location could be changed significantly.

About upcoming pit session, note that we have 2 DOUBLE PASS GAP: above current location at 24413-24515 and below it at 23666-23835. Both of them could attract price during the following pit session.

We are currently between the 2 major weekly references: the first bracket high at 23315 and the second bracket high at 24437. Between them obviously ther is the main composite poc at 2415.
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  • #1,730
  • Nov 23, 2016 6:56am Nov 23, 2016 6:56am
Quoting Lock
08:59 +1GMT Tokyo balanced all night around the main composite poc at 2415. And we are at the bottom of the old GB gap upside from 11.21 (2407-yesterday GB low 24223): so we are below yesterday session in a rotational enironment. Unfortunately I cannot follow this session. See you later. Best L.
13:56+1GMT
GB GAP eventually filled by the late spike upside. A lot of single pips for this J period.
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  • #1,731
  • Nov 23, 2016 6:58am Nov 23, 2016 6:58am
13:58
GB late J period spike tagged exactly at the pip the yesterday spike base at 24338.
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  • #1,732
  • Nov 23, 2016 7:12am Nov 23, 2016 7:12am
Quoting Lock
{quote} 13:56+1GMT GB GAP eventually filled by the late spike upside. A lot of single pips for this J period.
14:12
Of the J period single pips only 2 of them have not been filled yet.
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  • #1,733
  • Nov 23, 2016 7:15am Nov 23, 2016 7:15am
Quoting Lock
{quote} 14:12 Of the J period single pips only 2 of them have not been filled yet.
14:15 Now 100% filled.
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  • #1,734
  • Nov 23, 2016 7:18am Nov 23, 2016 7:18am
14:18 +1GMT PreUS period A high exactly at yesterday preUS open 2432: carry this info forward. (as current A low is exactly at today GB open price 24085 ): weak hands in full controll of current market.
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  • #1,735
  • Nov 23, 2016 8:13am Nov 23, 2016 8:13am
Quoting Lock
16/11/23 wednesday 13:15 +1GMT (edited untill 13:24) LATE MORNING REPORT GB didn't fill the new gap downside that is currently a DOUBLE PASS GAP and left a poor low at 23667. It aslo attempted without success a complete fill of the old minus development down to 2354. .....
15:13+1GMT
GB GAP filled as previously written, by the late GB action (J spike upside) and the poor low at 23667 taken out by current preUS liquidation. The minus development is instead still in place, partially.

Note price action inside the old double pass pit gap downside (see previous posts)

Note also a lot of single pips for initial preUS A period. Finally current C period is inside B period, for now.
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  • #1,736
  • Nov 23, 2016 8:18am Nov 23, 2016 8:18am
15:18+1GMT
Note that we are exactly in the middle of the major daily bracket range (from 10.25 low to 11.11 high) and price is up and down the half back of this range at 23773.
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  • #1,737
  • Nov 23, 2016 8:42am Nov 23, 2016 8:42am
Quoting Lock
16/11/23 wednesday 13:15 +1GMT (edited untill 13:24) LATE MORNING REPORT ..... About upcoming pit session, note that we have 2 DOUBLE PASS GAP: above current location at 24413-24515 and below it at 23666-23835. Both of them could attract price during the following pit session. We are currently between the 2 major weekly references: the first bracket high at 23315 and the second bracket high at 24437. Between them obviously ther is the main composite poc...
15:42+1GMT
DOUBLE PASS PIT GAP DOWNSIDE FILLED 100% by current pit session period A. Note the failure of A period below preUS C period balance and the subsequent retracing to the opposite side of C.
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  • #1,738
  • Nov 23, 2016 8:45am Nov 23, 2016 8:45am
15:45
Now 2 things could happen: acceptation back inside yesterday pit session range, or rejection from it.(23835-24413 yesterday pit balance session range) If acceptation we could go further upside at the high of the yesterday pit range, trying to take out also the upper DOUBLE PASS pit gap (24413-24515). If rejection we could continue lower to take out the old Sydney poor low at 2296.
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  • #1,739
  • Nov 23, 2016 8:56am Nov 23, 2016 8:56am
15:56
A lot of single pips for this first pit session A period.
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  • #1,740
  • Nov 23, 2016 9:01am Nov 23, 2016 9:01am
Quoting Lock
15:56 A lot of single pips for this first pit session A period.
16:01 Almost 50% retracement of it.
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