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Lock's Cable Corner

  • #4,781
  • Sep 27, 2017 7:59am Sep 27, 2017 7:59am
Quoting Lock
Note that pit sessions are in one time framing lower action in the last 5 days consecutively. So we currently are in a mid short term trend downside. ....
sorry for the typo
Ubi maior minor cessat
  • #4,782
  • Sep 27, 2017 8:31am Sep 27, 2017 8:31am
Quoting Lock
.... Remember in any case that we are around a major composite poc at 3397: volume required to actually evade it. .....
As you see...
Ubi maior minor cessat
  • #4,783
  • Sep 27, 2017 8:36am Sep 27, 2017 8:36am
Quoting Lock
Please note that today GB session unchanged is exactly at the same level of yesterday GB unch. around 3419. Also note that we got an old pit gap at 34055-34094. If it will open below this zone we will have again a new double pass gap. This time a pit one. So monitor carefully the possibility for a new pit gap downside (meaning open below yes pit low 34094) and the relative possible reaction to it.
Note the perfect tag of the old pit gap from below.
Ubi maior minor cessat
  • #4,784
  • Sep 27, 2017 9:08am Sep 27, 2017 9:08am
Quoting Lock
... Remember in any case that we are around a major composite poc at 3397: volume required to actually evade it......
and again...
Ubi maior minor cessat
  • #4,785
  • Sep 27, 2017 9:11am Sep 27, 2017 9:11am
Quoting Lock
{quote} Note the perfect tag of the old pit gap from below.
...and as any perfect tag of any exact reference it has to be considered weak. Now poor high 34055
Ubi maior minor cessat
  • #4,786
  • Sep 27, 2017 9:13am Sep 27, 2017 9:13am
Quoting Lock
Please note that today GB session unchanged is exactly at the same level of yesterday GB unch. around 3419. Also note that we got an old pit gap at 34055-34094. If it will open below this zone we will have again a new double pass gap. This time a pit one. So monitor carefully the possibility for a new pit gap downside (meaning open below yes pit low 34094) and the relative possible reaction to it.
Filled. Now let's see. For any meaningful continuation upside we need acceptation above yes pit low 34094. If not...
Ubi maior minor cessat
  • #4,787
  • Sep 27, 2017 9:24am Sep 27, 2017 9:24am
Btw the same situation occurred and it is occurring in USDX where an old triple pass pit gap is clearly on the road to be filled

In this case from above.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-09-27_16-22-43_USDX.png Size: 30 KB
Ubi maior minor cessat
  • #4,788
  • Sep 27, 2017 9:28am Sep 27, 2017 9:28am
Quoting Lock
... Remember in any case that we are around a major composite poc at 3397: volume required to actually evade it......
and again...
Ubi maior minor cessat
  • #4,789
  • Sep 27, 2017 10:06am Sep 27, 2017 10:06am
Quoting Lock
... Remember in any case that we are around a major composite poc at 3397: volume required to actually evade it......
.....and again...
Ubi maior minor cessat
  • #4,790
  • Sep 27, 2017 10:12am Sep 27, 2017 10:12am
Quoting Lock
... Remember in any case that we are around a major composite poc at 3397: volume required to actually evade it......
....you know what
Ubi maior minor cessat
  • #4,791
  • Sep 27, 2017 10:13am Sep 27, 2017 10:13am
Do you understand this game?
Ubi maior minor cessat
  • #4,792
  • Sep 27, 2017 10:14am Sep 27, 2017 10:14am
What app are your screenshots from? Even though it looks like MT Mobile which doesn't have the indicators you're using?
  • #4,793
  • Sep 27, 2017 10:19am Sep 27, 2017 10:19am
Quoting Lock
Do you understand this game?
Nowhere near as well as you do. But I'm trying to learn.
  • #4,794
  • Sep 27, 2017 10:40am Sep 27, 2017 10:40am
Quoting imz
What app are your screenshots from? Even though it looks like MT Mobile which doesn't have the indicators you're using?
I made it. Mt4. But it is still in beta testing.
Ubi maior minor cessat
  • #4,795
  • Sep 27, 2017 10:41am Sep 27, 2017 10:41am
Now we eventually got a poor high. Let's see if now we could have enough volume or not.
Ubi maior minor cessat
  • #4,796
  • Sep 27, 2017 10:59am Sep 27, 2017 10:59am
Quoting Lock
Now we eventually got a poor high. Let's see if now we could have enough volume or not.

No way. At least for now. Let's see later but it could also close into balance.
Ubi maior minor cessat
  • #4,797
  • Sep 27, 2017 11:05am Sep 27, 2017 11:05am
A fast recap: we got an impressive amount of weaknesses, anomalies and poor highs left upside up to 3586 zone. Now, even if this could be read as the auction upside is not completed and could require some sort of excess, at the same time all these poor and weak levels upside could underline the absence, at least at this level, of buyers.

When a market is not able to find buyers at a certain level it has to search for them downside.

And generally a liquidation is the way a market could obtain such result. So, unless a short covering will start in the next ours the possibility of a substantial liquidation downside is absolutely possible.
Ubi maior minor cessat
  • #4,798
  • Sep 27, 2017 11:11am Sep 27, 2017 11:11am
Quoting Lock
Btw the same situation occurred and it is occurring in USDX where an old triple pass pit gap is clearly on the road to be filled In this case from above. {image}
In the meanwhile USDX filled the multi pass gaps as expected
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-09-27_18-07-31_USDX.png Size: 56 KB
Ubi maior minor cessat
  • #4,799
  • Sep 27, 2017 11:13am Sep 27, 2017 11:13am
Here we are again at the poor high 34126: now tagged too many times to resist in my opinion. An other thing will be a possible continuation above it.

If for what ever reason it will hold, carry forward this info because it will be a very rare event.
Ubi maior minor cessat
  • #4,800
  • Sep 27, 2017 11:43am Sep 27, 2017 11:43am
E F and G periods' lows all at half back 33925: who do you think is buying there? Watch out!
Ubi maior minor cessat
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