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Lock's Cable Corner

  • #5,521
  • Nov 20, 2017 11:22am Nov 20, 2017 11:22am
Quoting Lock
32674 previous bracket high
Quoting Lock
Triple pass gap almost filled. Brexit low 32273.
Please note the exactness of pit session extremes: this is a clear confirmation of weak hands ruling the party here.
Ubi maior minor cessat
  • #5,522
  • Nov 20, 2017 1:01pm Nov 20, 2017 1:01pm
Quoting Lock
{quote} Filled. Note anyhow that from Friday pit high we still have some pips of the new gap upside. And before that we have the brexit low 32273. So watch out because as written previously this could the place for a retracement. If not, next visible level is composite poc 3191.
Now we are 1 single pip (or less) above Friday pit session high and just at brexit low 32273.
Ubi maior minor cessat
  • #5,523
  • Nov 21, 2017 3:53am Nov 21, 2017 3:53am
I'm sure you all saw the cluster of highs at mid term level 32674.
Ubi maior minor cessat
  • #5,524
  • Nov 21, 2017 4:05am Nov 21, 2017 4:05am
An other GB poor low. Followed by yesterday Pit poor low.
Ubi maior minor cessat
  • #5,525
  • Nov 21, 2017 4:06am Nov 21, 2017 4:06am
Quoting Lock
32674 previous bracket high
Quoting Lock
Triple pass gap almost filled. Brexit low 32273.
Quoting Lock
{quote} {quote} Please note the exactness of pit session extremes: this is a clear confirmation of weak hands ruling the party here.
And note that even today price action is for now perfectly contained between the yesterday mid term levels.
Ubi maior minor cessat
  • #5,526
  • Nov 21, 2017 4:13am Nov 21, 2017 4:13am
If it will go down from here without removing the cluster at 32674 you'll be sure of who will rule it: weak hands. It will be a liquidation. An other thing will be if instead they firstly will go higher to remove the cluster and then will go down. In this case we could see new money selling.
Ubi maior minor cessat
  • #5,527
  • Nov 21, 2017 4:17am Nov 21, 2017 4:17am
Btw a liquidation from here should have space to 31187. As I see absolutely nothing capable to stop it until there. But let's see. For now I'm personally still long. With stops below brexit low. If I'll see the liquidation I'll reverse them.
Ubi maior minor cessat
  • #5,528
  • Nov 21, 2017 4:53am Nov 21, 2017 4:53am
Poor low. It's not able to stay above yes GB close. Liquidation possible now.
Ubi maior minor cessat
  • #5,529
  • Nov 21, 2017 5:05am Nov 21, 2017 5:05am
but it looks like it has some problems to break below yesterday's value area low i think
still, i also expect a retracement before a possible further move up
https://twitter.com/BeauBuyer
  • #5,530
  • Nov 21, 2017 5:07am Nov 21, 2017 5:07am
Quoting Lock
Poor low. It's not able to stay above yes GB close. Liquidation possible now.
Tricky bast..d.
Ubi maior minor cessat
  • #5,531
  • Nov 21, 2017 5:10am Nov 21, 2017 5:10am
A lot of volatility here. And in very weak market like this it is not so easy to stay tuned with micro management. I'm off now waiting for something more.
Ubi maior minor cessat
  • #5,532
  • Nov 21, 2017 5:13am Nov 21, 2017 5:13am
Quoting Lock
{quote} Tricky bast..d.
hits my stop loss, out for now.
  • #5,533
  • Nov 21, 2017 5:20am Nov 21, 2017 5:20am
Quoting haathmilao
{quote} hits my stop loss, out for now.
You're not the only one. This was very difficult.
Ubi maior minor cessat
  • #5,534
  • Nov 21, 2017 5:26am Nov 21, 2017 5:26am
Quoting Lock
{quote} You're not the only one. This was very difficult.
I think it was just stop loss hunting.
  • #5,535
  • Nov 21, 2017 5:28am Nov 21, 2017 5:28am
Quoting haathmilao
{quote} I think it was just stop loss hunting.
If so there is still space for the liquidation. If not we could aim at cluster 32674.
Ubi maior minor cessat
  • #5,536
  • Nov 21, 2017 5:29am Nov 21, 2017 5:29am
And yes GB poor high 32785.
Ubi maior minor cessat
  • #5,537
  • Nov 21, 2017 5:32am Nov 21, 2017 5:32am
Last period inside one: balance rules apply. Watch out.
Ubi maior minor cessat
  • #5,538
  • Nov 21, 2017 5:33am Nov 21, 2017 5:33am
Quoting Lock
Last period inside one: balance rules apply. Watch out.
I mean this could be a new opportunity to re enter the market.
Ubi maior minor cessat
  • #5,539
  • Nov 21, 2017 7:46am Nov 21, 2017 7:46am
Great Thread, thanks for sharing your insights. Choppy PA all across the board, extra patience is required this days. I see GU setting the stage for a huge fall. Price action is compressing into suppply zone @ 3280-3320. It means price is rising while spaking down, thus consuming demand at every level clearing the way for a fall. I think the move needs some fundamental excuse to shake the market, tomorrow we have news on USD. I do not see new money in this sideways action.
Let's see how it plays out. Sideways atm.
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  • #5,540
  • Nov 21, 2017 9:35am Nov 21, 2017 9:35am
looks like it failed to make value above todays value area high, retest of a break lower again possible imo
https://twitter.com/BeauBuyer
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