Lock's Cable Corner | Page 236 | Forex Factory

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Lock's Cable Corner

  • #4,701
  • Sep 26, 2017 2:02am Sep 26, 2017 2:02am
35326 upper monthly bracket top.
Ubi maior minor cessat
  • #4,702
  • Sep 26, 2017 2:03am Sep 26, 2017 2:03am
USDX weak low as a perfect tag of yesterday GB session high.
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  • #4,703
  • Sep 26, 2017 2:06am Sep 26, 2017 2:06am
USDX - cable significant divergence for now. Watch out.
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  • #4,704
  • Sep 26, 2017 2:07am Sep 26, 2017 2:07am
Note A period low (current GB session low) exactly at yesterday GB session unchanged level 3493.
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  • #4,705
  • Sep 26, 2017 2:12am Sep 26, 2017 2:12am
looks like i was a bummer to close that long then ey, oops.
  • #4,706
  • Sep 26, 2017 2:20am Sep 26, 2017 2:20am
Quoting Lock
Note A period low (current GB session low) exactly at yesterday GB session unchanged level 3493.
And in fact...
Ubi maior minor cessat
  • #4,707
  • Sep 26, 2017 2:22am Sep 26, 2017 2:22am
Quoting Don96
looks like i was a bummer to close that long then ey, oops.
Different participants different game. Now we are in a GB session with Tokyo still involved. If GB will not be able to stay above its own 2009 low at 3503 we could retrace completely to the down. So it's ok. Forget yesterday pit session for now.
Ubi maior minor cessat
  • #4,708
  • Sep 26, 2017 2:23am Sep 26, 2017 2:23am
Quoting Lock
{quote} Different participants different game. Now we are in a GB session with Tokyo still involved. If GB will not be able to stay above its own 2009 low at 3503 we could retrace completely to the down. So it's ok. Forget yesterday pit session for now.
i just had pending missed by 0.8 at 1.3515, not got anything until higher now
  • #4,709
  • Sep 26, 2017 2:24am Sep 26, 2017 2:24am
Quoting Lock
USDX - cable significant divergence for now. Watch out.

USDX rallying even with a weak low.
Ubi maior minor cessat
  • #4,710
  • Sep 26, 2017 2:26am Sep 26, 2017 2:26am
Quoting Don96
{quote} i just had pending missed by 0.8 at 1.3515, not got anything until higher now

If you see a major mid/long term level rejected, you always have an opportunity to place a position. For now 3503 is rejected. SL right above it: not so much to lose if it doesn't work.
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  • #4,711
  • Sep 26, 2017 2:29am Sep 26, 2017 2:29am
USDX update
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-09-26_9-27-18_USDX.png Size: 35 KB
Ubi maior minor cessat
  • #4,712
  • Sep 26, 2017 2:33am Sep 26, 2017 2:33am
Quoting Lock
3503 (GB 2009 low) and yes GB close 3453 main levels for current session.
This is the level to evaluate. And for now we are below it. With an excess upside too.
Ubi maior minor cessat
  • #4,713
  • Sep 26, 2017 2:34am Sep 26, 2017 2:34am
Quoting Lock
{quote} If you see a major mid/long term level rejected, you always have an opportunity to place a position. For now 3503 is rejected. SL right above it: not so much to lose if it doesn't work.
3503? i dont see the significance?
  • #4,714
  • Sep 26, 2017 2:38am Sep 26, 2017 2:38am
Quoting Don96
{quote} 3503? i dont see the significance?
3503 is the absolute low of 2009. And it is a GB low. So it is a huge level to consider as most of market activity in the last years occurred above it. Stay above or below it means possible change. And a change at mid/long term level.
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  • #4,715
  • Sep 26, 2017 2:39am Sep 26, 2017 2:39am
A-B poor low for current session at 3490.
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  • #4,716
  • Sep 26, 2017 2:44am Sep 26, 2017 2:44am
USDX paused its rally above the cluster of week highs just taken out. Monitor it. Because its current low is weak as said. For continuation I would like to see price accepted above 92.73
Ubi maior minor cessat
  • #4,717
  • Sep 26, 2017 2:48am Sep 26, 2017 2:48am
Quoting Lock
{quote} 3503 is the absolute low of 2009. And it is a GB low. So it is a huge level to consider as most of market activity in the last years occurred above it. Stay above or below it means possible change. And a change at mid/long term level.
oh snap i didnt even think of using a level that far back, especially for intraday
  • #4,718
  • Sep 26, 2017 2:54am Sep 26, 2017 2:54am
Market Generated Information.

Tokyo activity as normal as been ruled by weaker hands. So when you see weak hands ruling an action in a certain direction and then new stronger participants stepping in (like GB in this case) the possibility of a full retracement of the last weak action is more than 65%. In this case we also saw a test of a very important level failed upside. So you got 2 good reasons to short. If you then add to this the fact that USDX had good reasons to go upwards (in order to correct the left anomalies upside) here you have the third reason to short.
Ubi maior minor cessat
  • #4,719
  • Sep 26, 2017 2:58am Sep 26, 2017 2:58am
Quoting Don96
{quote} oh snap i didnt even think of using a level that far back, especially for intraday

A level is important for its implicit meanings for any different participants involved in the market. So a level has to be evaluated not for its timing but for its meaning. In an intra day action you could have different participants involved. If for instance you have mid term ones you have to take care of mid term levels. If instead you only have intra day participants then in this case you could take care of intra day levels only.
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  • #4,720
  • Sep 26, 2017 3:04am Sep 26, 2017 3:04am
USDX update: and here we are at last!
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-09-26_9-59-45_USDX .png Size: 101 KB
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