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Lock's Cable Corner

  • #5,041
  • Oct 10, 2017 9:40am Oct 10, 2017 9:40am
Quoting Lock
In the last hours we experienced huge volatility and I do not know why, as said.
Yes, I do not understand why yen pairs are all getting slaughtered.
  • #5,042
  • Oct 10, 2017 9:41am Oct 10, 2017 9:41am
Yesterday pit session closed with a poor high and a poor low. Today we have again a poor high and a poor low: extremely uncertain market and total lack of participation of bigger timeframes. Why is the question.
Ubi maior minor cessat
  • #5,043
  • Oct 10, 2017 9:44am Oct 10, 2017 9:44am
Something is going on here. Maybe it's not time to go out for a coffee.
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  • #5,044
  • Oct 10, 2017 9:51am Oct 10, 2017 9:51am
Quoting Lock
Pit session opened with a new gap upside: unless it will be quickly filled, odds are in favor for a continuation upside. 31637 is still our most important level for today. So monitor for acceptation above it (or not) Current US range (preUS+pit US) is extremely narrow. It should unfold from here. In case of continuation upside the next visible level is the top of the old pit gap downside (3244).
Quoting Lock
The problem here is the composite poc 3206 that could attract price (as could attract price 3137 in case of no acceptation above 31637.

And eventually here we are at composite poc 3206. What a pain.
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  • #5,045
  • Oct 10, 2017 9:54am Oct 10, 2017 9:54am
First of all for a continuation we got to stay above overnight high (GB high 32035) If not do not forget that we are leaving downside a pit poor low, a preUS poor low back to back one each other.
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  • #5,046
  • Oct 10, 2017 9:58am Oct 10, 2017 9:58am
32273 brexit low.
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  • #5,047
  • Oct 10, 2017 10:10am Oct 10, 2017 10:10am
Quoting Lock
32273 brexit low.
Acceptation above it for any continuation upside needed.
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  • #5,048
  • Oct 10, 2017 10:17am Oct 10, 2017 10:17am
Lock, what do you show at the morning high as of this time stamp? I have 1.32246

Thanks,
TULKAS
  • #5,049
  • Edited 10:38am Oct 10, 2017 10:27am | Edited 10:38am
Quoting Tulkas
Lock, what do you show at the morning high as of this time stamp? I have 1.32246 Thanks,
If you mean early morning high for current pit session I got 32255 (D period high)
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  • #5,050
  • Oct 10, 2017 10:32am Oct 10, 2017 10:32am
We are bouncing VWMA 200 H4: I do not use them to trade but I'm aware of such levels as other used them.
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  • #5,051
  • Oct 10, 2017 10:35am Oct 10, 2017 10:35am
Quoting Lock
32273 brexit low.

Shy of it for 2 pips for now and we got an excess above early morning high plus a poor low. We got 2 separate distributions for now and only preserving them we could have a double distribution trend day upside. So considering the structure we are leaving downside I do not like this stall at all.
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  • #5,052
  • Oct 10, 2017 10:49am Oct 10, 2017 10:49am
We are in the last period for London. At close we will see "only" US involved. So let's see their intentions.
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  • #5,053
  • Oct 10, 2017 10:55am Oct 10, 2017 10:55am
The interesting thing is that 3206 for now has not been able to attract price. So we could imagine something bigger involved in current action. (it's only a supposition anyway)
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  • #5,054
  • Oct 10, 2017 11:00am Oct 10, 2017 11:00am
Quoting Lock
We are in the last period for London. At close we will see "only" US involved. So let's see their intentions.
So, let's see.
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  • #5,055
  • Oct 10, 2017 11:31am Oct 10, 2017 11:31am
Quoting Lock
The interesting thing is that 3206 for now has not been able to attract price. So we could imagine something bigger involved in current action. (it's only a supposition anyway)
A wrong one as you see...
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  • #5,056
  • Oct 10, 2017 11:32am Oct 10, 2017 11:32am
Quoting Lock
We are in the last period for London. At close we will see "only" US involved. So let's see their intentions.
They liquidated to half back. And someone bought there automatically. Weak environment confirmed.
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  • #5,057
  • Oct 11, 2017 1:55am Oct 11, 2017 1:55am
2017/10/11 08:55+1GMT
EARLY MORNING REPORT

Price is between 2 major levels: brexit low 32273 and upper monthly bracket half back 31637. And it is rotating up and down the major composite poc 3207 (yesterday it was 3206). Also this evening, late during pit session, we will have FOMC minutes.

In the last 2 consecutive pit session we left downside 2 back to back poor lows: one at 3181 and an other one at 31263. Between them we also have a preUS poor low at 3176. Below them we got also a GB poor low at 31025. Finally we have 3074 Monday Tokyo low back to back with Sydney low that is clearly a very weak level.

So we have an impressive sequence of weaknesses left downside from week open: 3181, 3176, 31263, 31025 and 3074

While above we have current Tokyo poor high at 3222 and the old GB gap downside that could attract price to be filled at 3233-32437
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  • #5,058
  • Oct 11, 2017 2:12am Oct 11, 2017 2:12am
GB opened inside yesterday GB range 3158-32034. Initial acceptation of this range is expected. We already are testing overnight low (31845): monitor for acceptation or rejection below it.
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  • #5,059
  • Oct 11, 2017 2:43am Oct 11, 2017 2:43am
Quoting Lock
GB opened inside yesterday GB range 3158-32034. Initial acceptation of this range is expected. We already are testing overnight low (31845): monitor for acceptation or rejection below it.
Rejection below it. Now testing yesterday GB unchanged level 31962. Note that price went up 2 pips below yes GB range high 32034. Acceptation above both these last 2 levels required for any significant continuation upside.
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  • #5,060
  • Oct 11, 2017 2:57am Oct 11, 2017 2:57am
Testing yesterday Gb high 32034.
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