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Lock's Cable Corner

  • #5,061
  • Oct 11, 2017 12:58am Oct 11, 2017 12:58am
Quoting Lock
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...
Back to composite poc 3206-7
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  • #5,062
  • Oct 11, 2017 12:59am Oct 11, 2017 12:59am
Quoting Lock
Testing yesterday Gb high 32034.
In case of continuation upside it will be an attempted break above balance. So monitor carefully the success or failure of it. In case of failure next natural direction opposite side of balance, meaning yes Gb range low (3158).

In case of success next visible level, tonight Tokyo range high (poor high3222) followed by brexit low test 32273
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  • #5,063
  • Oct 11, 2017 1:11am Oct 11, 2017 1:11am
32145 is yesterday GB close level. Obviously any serious continuation upside will require, as soon as possible, acceptation above it. If not it will mean that nothing changed from yesterday.
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  • #5,064
  • Oct 11, 2017 1:30am Oct 11, 2017 1:30am
Quoting Lock
Testing yesterday Gb high 32034.
Note the struggling at yes GB high level.
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  • #5,065
  • Oct 11, 2017 1:44am Oct 11, 2017 1:44am
Quoting Lock
{quote} 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.
Yes GB unch. level retested from above (that is also current GB half back level). Very weak environment as only weak participants use exact reference to trade.
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  • #5,066
  • Oct 11, 2017 1:52am Oct 11, 2017 1:52am
Poor high
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  • #5,067
  • Oct 11, 2017 1:55am Oct 11, 2017 1:55am
When you see a price action ranging from an half back to a n early morning high, making there a poor high, you have an exact idea of market participants currently involved: weak hands.
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  • #5,068
  • Oct 11, 2017 1:56am Oct 11, 2017 1:56am
Quoting Lock
When you see a price action ranging from an half back to a n early morning high, making there a poor high, you have an exact idea of market participants currently involved: weak hands.

Back again to half back, yes GB unch level...
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  • #5,069
  • Oct 11, 2017 2:04am Oct 11, 2017 2:04am
31887: open level.

As you see they are using only very exact day timeframe references to operate.
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  • #5,070
  • Oct 11, 2017 2:09am Oct 11, 2017 2:09am
Quoting Lock
{quote} In case of continuation upside it will be an attempted break above balance. So monitor carefully the success or failure of it. In case of failure next natural direction opposite side of balance, meaning yes Gb range low (3158). In case of success next visible level, tonight Tokyo range high (poor high3222) followed by brexit low test 32273
They failed above yesterday GB high level (twice) So, unless the attraction power of composite poc 3207 will prevail, now we have space to 3158, yesterday GB low. (preceded by an important test at 31637)
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  • #5,071
  • Oct 11, 2017 2:12am Oct 11, 2017 2:12am
Quoting Lock
31887: open level. As you see they are using only very exact day timeframe references to operate.
Acceptation below it needed for continuation downside. If not all the way back to composite poc 3207 and current poor high just above it.
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  • #5,072
  • Oct 11, 2017 2:27am Oct 11, 2017 2:27am
Yesterday GB session half back tagged at the pip: still very weak environment. (Note also that currently we have a poor high and a poor low)
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  • #5,073
  • Oct 11, 2017 5:23am Oct 11, 2017 5:23am
PreUS opened inside yesterday US session range. Acceptation of that range expected at least initially. Still very very weak environment
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  • #5,074
  • Oct 11, 2017 6:05am Oct 11, 2017 6:05am
Quoting Lock
{quote} Acceptation below it needed for continuation downside. If not all the way back to composite poc 3207 and current poor high just above it.
And here we are at composite poc and GB poor high.

Please note however that current GB low is back to back with yesterday preUS poor low (3176), so it is extremely weak.

Also note that GB action (before preUS open) got acceptation below yesterday unchanged level as more than 2 periods closed below it. Furthermore today GB value is inside yesterday GB value. All this means that even if we got no continuation downside, at least GB participants, are not so bullish at all.
Or, expressed in much cautious words: they are so far pretty indecisive.
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  • #5,075
  • Oct 11, 2017 6:14am Oct 11, 2017 6:14am
...looks like a good day to have washed the dog...!
TULKAS
  • #5,076
  • Oct 11, 2017 6:15am Oct 11, 2017 6:15am
Quoting Tulkas
...looks like a good day to have washed the dog...!
If you have one: yes.
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  • #5,077
  • Oct 11, 2017 6:17am Oct 11, 2017 6:17am
Btw if you bought somewhere after Gb failure downside and if we managed to test above GB poor high we could also reach 3222 Tokyo poor high for a further test. It's more than 30 pips gain.

Never forget the risk involved in such an effort because as expected composite poc 3207 is very attractive and it is hard to evade it anytime.
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  • #5,078
  • Oct 11, 2017 6:40am Oct 11, 2017 6:40am
Quoting Lock
Btw if you bought somewhere after Gb failure downside and if we managed to test above GB poor high we could also reach 3222 Tokyo poor high for a further test. It's more than 30 pips gain. Never forget the risk involved in such an effort because as expected composite poc 3207 is very attractive and it is hard to evade it anytime.
Here we are but note A period low (the first of pit session) 1 single pip above yesterday pit session unchanged level 32013: I mean that it is still a very weak environment, so watch out.
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  • #5,079
  • Oct 11, 2017 7:01am Oct 11, 2017 7:01am
Quoting Lock
{quote} Here we are but note A period low (the first of pit session) 1 single pip above yesterday pit session unchanged level 32013: I mean that it is still a very weak environment, so watch out.
As you see..
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  • #5,080
  • Oct 11, 2017 7:17am Oct 11, 2017 7:17am
Quoting Lock
{quote} And here we are at composite poc and GB poor high. Please note however that current GB low is back to back with yesterday preUS poor low (3176), so it is extremely weak. Also note that GB action (before preUS open) got acceptation below yesterday unchanged level as more than 2 periods closed below it. Furthermore today GB value is inside yesterday GB value. All this means that even if we got no continuation downside, at least GB participants, are not so bullish at all. Or, expressed in much cautious...
3176* is possible if this liquidation will continue. In any case always remember that volume is needed to really evade 3207 composite poc. If we will get it (3176) for a new test of 31637, acceptation below overnight low (the same 3176) is needed. If not all the way back to composite poc.

*also remember that, as written this morning, 3181 is the first of our 2 pit poor low downside. The other one being 31263
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