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Lock's Cable Corner

  • #5,121
  • Oct 12, 2017 9:35am Oct 12, 2017 9:35am
less than 2 pips triple pass gap still in place. poor high and poor low.
Ubi maior minor cessat
  • #5,122
  • Oct 12, 2017 9:36am Oct 12, 2017 9:36am
Period C tagging 31637 from above.
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  • #5,123
  • Oct 12, 2017 9:57am Oct 12, 2017 9:57am
Note the struggling and the importance of 31637
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  • #5,124
  • Oct 12, 2017 10:01am Oct 12, 2017 10:01am
Period C inside B: balance. Balance rules apply.
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  • #5,125
  • Oct 12, 2017 10:30am Oct 12, 2017 10:30am
Last period for London participants.
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  • #5,126
  • Oct 12, 2017 10:51am Oct 12, 2017 10:51am
Quoting Lock
So pit gap lower and the old double pass pit gap 31595-3175* (3175 is yesterday pit low) is now a triple one... .... *note also that inside it we got our main level 31637. The closest major composite poc that could attract price are 3206/7 above and 3137 below.
Quoting Lock
less than 2 pips triple pass gap still in place. poor high and poor low.
Triple pass pit gap eventually filled: now monitor carefully for acceptation or rejection above 3175 (back inside yesterday pit session range) and 31637 (upper monthly bracket half back)
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  • #5,127
  • Oct 12, 2017 10:55am Oct 12, 2017 10:55am
Quoting Lock
Period C inside B: balance. Balance rules apply.
And D inside C: attempted break above D period balance. balance rules apply. If failure upside, next natural direction opposite side of balance and then eventually comp poc 3137, etc.. In case of success we could instead aim at least at comp poc 3206.
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  • #5,128
  • Oct 12, 2017 11:17am Oct 12, 2017 11:17am
Well...now we have 3206 attracting price. For continuation acceptation above yesterday pit range high 32345 is needed. In this case 3272 is still possible.
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  • #5,129
  • Oct 12, 2017 11:19am Oct 12, 2017 11:19am
After GB liquidation, this morning I wrote:

Quoting Lock
{quote} In the chart you may read, as also already written in a previous post: "very elongated profile for current GB session". This info, far from being a warranty for immediate continuation, could instead underline emotion and "pile on" action by weak hands.
Quoting Lock
So be careful about current environment because it surely got reasons to continue lower but those involved now could be surprised by stronger participants. Btw I scaled out some of my short just before to reach comp poc 3137. I still preserved most of them as I see possible continuation but my stops are far far above current price action.
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  • #5,130
  • Oct 12, 2017 11:20am Oct 12, 2017 11:20am
That is what I call a good call... Respect.
  • #5,131
  • Oct 12, 2017 11:27am Oct 12, 2017 11:27am
Current situation on TPO CHART
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-10-12_18-22-36_pit short covering.png Size: 193 KB
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  • #5,132
  • Oct 12, 2017 11:28am Oct 12, 2017 11:28am
Quoting maurofx
That is what I call a good call... Respect.
Thank you very much. You're welcome. Best, L.
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  • #5,133
  • Oct 12, 2017 11:32am Oct 12, 2017 11:32am
32674 minor bracket top
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  • #5,134
  • Oct 12, 2017 11:33am Oct 12, 2017 11:33am
Testing overnight high (Tokyo high) 32645. Acceptation above it needed for any continuation upside. Please note that we are late in the session and we got a huge short covering period made only of single TPOs

I mean: monitor for continuation and watch out. This is a short covering not new money buying
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  • #5,135
  • Oct 12, 2017 11:40am Oct 12, 2017 11:40am
Lock I am much eager about your approach what a calls you had.
Since I have been in your thread just seen unbelievable accuracy of you calls what an intellectual you are.

SUPERB, SUPERB
MRMALIK1
  • #5,136
  • Oct 12, 2017 11:43am Oct 12, 2017 11:43am
Quoting mrmalik1
Lock I am much eager about your approach what a calls you had. Since I have been in your thread just seen unbelievable accuracy of you calls what an intellectual you are. SUPERB, SUPERB
Sincerely, thank you very much indeed. Have a nice continuation, Best, L.
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  • #5,137
  • Oct 12, 2017 11:51am Oct 12, 2017 11:51am
Well, I'll leave some of my longs on, having already closed much of them as I'm a day trader and I generally go flat at home. Let's see tomorrow.

If it will close above yesterday pit session range (above 32345) we will get the as famous as rare outside session, meaning a session that starting above or below the previous one eventually managed to close above or below the opposite side of it. Generally tech analysts tend to consider such events as a sign of strength.
But, in the case I will consider this fact only one of the many technical info generated by current market. For instance I'm much aware of the weaknesses that such an action could instead underline leaving downside all those poor lows and such a big elongated period.

And again, have a nice continuation everyone. Best, L.
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  • #5,138
  • Oct 12, 2017 12:06pm Oct 12, 2017 12:06pm
Quoting Lock
Well...now we have 3206 attracting price. For continuation acceptation above yesterday pit range high 32345 is needed. In this case 3272 is still possible.


Acceptation above yes pit range high 32345 and 3272 taken out.

Now I'm really off. Best, L.
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  • #5,139
  • Oct 12, 2017 12:33pm Oct 12, 2017 12:33pm
Enjoy a nice Barolo after today's amazing call! Well done, amichi...
TULKAS
  • #5,140
  • Oct 13, 2017 1:51am Oct 13, 2017 1:51am
GB is going to open above yesterday GB range high 3259, meaning with a new gap upside. If this new gap will be preserved we have odds to continue higher, aiming to 3397. If not we could imagine a correction to composite poc 3206

33144 and 33714 next visible main references above. While downside we have 32674 and obviously 32273 (brexit low)
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