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Lock's Cable Corner

  • #5,081
  • Oct 11, 2017 7:20am Oct 11, 2017 7:20am
Please note current B period low exactly at preUS open that also coincides with GB open(3189): very very weak market.
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  • #5,082
  • Oct 11, 2017 7:28am Oct 11, 2017 7:28am
Quoting Lock
Please note current B period low exactly at preUS open that also coincides with GB open(3189): very very weak market.
Obviously taken out..
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  • #5,083
  • Oct 11, 2017 7:50am Oct 11, 2017 7:50am
Quoting Lock
{quote} 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.
Quoting Lock
*also remember that, as written this morning, 3181 is the first of our 2 pit poor low downside. The other one being 31263

Surely to be considered at least tagged. But not taken out yet in my opinion
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  • #5,084
  • Oct 11, 2017 7:56am Oct 11, 2017 7:56am
Now it has been taken out. But 3176 only tagged: very very weak now.
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  • #5,085
  • Oct 11, 2017 8:02am Oct 11, 2017 8:02am
Quoting Lock
{quote} 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
So the liquidation continued exactly to 3176 and retraced back leaving it very weak. No test of 31637 is possible without acceptation below 3176. And 3207 is always attractive in such weak environment.
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  • #5,086
  • Oct 11, 2017 8:03am Oct 11, 2017 8:03am
Btw I deserve a medal today.
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  • #5,087
  • Oct 11, 2017 8:23am Oct 11, 2017 8:23am
Note D period high at yesterday pit unch 32013. Still weak hands controlled market.
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  • #5,088
  • Oct 11, 2017 8:31am Oct 11, 2017 8:31am
Quoting Lock
Note D period high at yesterday pit unch 32013. Still weak hands controlled market.
And here we are again.
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  • #5,089
  • Oct 11, 2017 8:32am Oct 11, 2017 8:32am
Quoting Lock
Btw I deserve a medal today.
yes sure
MRMALIK1
  • #5,090
  • Oct 11, 2017 8:33am Oct 11, 2017 8:33am
Quoting Lock
{quote} And here we are again.
is it safe to go short from here????
MRMALIK1
  • #5,091
  • Oct 11, 2017 8:34am Oct 11, 2017 8:34am
Quoting Lock
Btw I deserve a medal today.


well deserved, always great to read your analysis
  • #5,092
  • Oct 11, 2017 8:34am Oct 11, 2017 8:34am
Quoting Lock
{quote} So the liquidation continued exactly to 3176 and retraced back leaving it very weak. No test of 31637 is possible without acceptation below 3176. And 3207 is always attractive in such weak environment.
And here we are back to composite poc. 3207
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  • #5,093
  • Oct 11, 2017 8:38am Oct 11, 2017 8:38am
Quoting mrmalik1
{quote} is it safe to go short from here????
We left downside a very weak 3176 preUS tagged low. We are in the last GB period and waiting for possible important news. And we are in a very weak environment close to the composite poc 3207. And tokyo overnight high is clearly poor at 3222. So my suggestion is to stay out from this market unless something significant will occur in the next hours.
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  • #5,094
  • Oct 11, 2017 8:40am Oct 11, 2017 8:40am
If you bought after the failure at 3176 I also suggest to scale out something. Or at least it is what I already did. Tokyo poor high 3222 could be reached but the 3207 will be still very attractive considering the weak participation. So it's a risky effort.
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  • #5,095
  • Oct 11, 2017 8:41am Oct 11, 2017 8:41am
Quoting Lock
{quote} We left downside a very weak 3176 preUS tagged low. We are in the last GB period and waiting for possible important news. And we are in a very weak environment close to the composite poc 3207. And tokyo overnight high is clearly poor at 3222. So my suggestion is to stay out from this market unless something significant will occur in the next hours.
OK thanks
MRMALIK1
  • #5,096
  • Oct 11, 2017 8:44am Oct 11, 2017 8:44am
Quoting mrmalik1
{quote} OK thanks
Remember that a good trader has to be a decision maker and he has always to act upon his own analysis. I do not want to mislead anyone here and I'm responsible only for my own decisions. Best, L.
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  • #5,097
  • Oct 11, 2017 10:50am Oct 11, 2017 10:50am
Quoting Lock
If you bought after the failure at 3176 I also suggest to scale out something. Or at least it is what I already did. Tokyo poor high 3222 could be reached but the 3207 will be still very attractive considering the weak participation. So it's a risky effort.
So, as expected composite poc 3207 made its work fine and price didn't evade it for almost 2 hours. We are before news and the main levels are 31637 downside and 32273 upside. We have a weak low at 3176 and a poor high at 3222. A shake out is possible in order to remove weak hands from market. See you later.
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  • #5,098
  • Oct 11, 2017 11:29am Oct 11, 2017 11:29am
Quoting Lock
{quote} So, as expected composite poc 3207 made its work fine and price didn't evade it for almost 2 hours. We are before news and the main levels are 31637 downside and 32273 upside. We have a weak low at 3176 and a poor high at 3222. A shake out is possible in order to remove weak hands from market. See you later.
For now it spotted 32273 and find no acceptation above it: it is clear that for any serious continuation upside acceptation above it is needed. So let's see if it want to re test it or not.
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  • #5,099
  • Oct 11, 2017 12:26pm Oct 11, 2017 12:26pm
Quoting Lock
{quote} For now it spotted 32273 and find no acceptation above it: it is clear that for any serious continuation upside acceptation above it is needed. So let's see if it want to re test it or not.
Re testing it and now poor high. But it's late.
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  • #5,100
  • Oct 11, 2017 12:29pm Oct 11, 2017 12:29pm
3244 if it managed to stay above 32273 is possible. As it is the top of the old pit gap downside.

Then if overnight will continue upside we could also have 3272. If not our composite poc 3207 is a valid place to return.

Have a nice continuation. Best, L.
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