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Lock's Cable Corner

  • #5,641
  • Nov 30, 2017 9:13am Nov 30, 2017 9:13am
Quoting Lock
{quote} And in fact we are above it now. Let's see if it will get 3522.
Almost done. Done. next visible levels 35326 and 3547: but watch out as it is very elongated right now, in the first 2 m30 periods.
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  • #5,642
  • Nov 30, 2017 9:17am Nov 30, 2017 9:17am
Just in case of something more serious: 3586 is an old preUS poor high. And it is followed by 2017 pit highest close 3589.

But I repeat it, watch out as it is very elongated.
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  • #5,643
  • Nov 30, 2017 9:22am Nov 30, 2017 9:22am
Quoting Lock
{quote} Almost done. Done. next visible levels 35326 and 3547: but watch out as it is very elongated right now, in the first 2 m30 periods.
Taqged. At the pipette.
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  • #5,644
  • Nov 30, 2017 9:24am Nov 30, 2017 9:24am
Quoting Lock
{quote} Taqged. At the pipette.
I mean, it is very exact. And again, maybe too much exact.
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  • #5,645
  • Nov 30, 2017 9:26am Nov 30, 2017 9:26am
35326 Is the upper monthly bracket high: it is a very important mid term level. I repeat it: very important. So monitor carefully for acceptation or rejection above it as it's the perfect place to find mid term responsive sellers or initiative buyers.
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  • #5,646
  • Nov 30, 2017 9:58am Nov 30, 2017 9:58am
Quoting Lock
{quote} Almost done. Done. next visible levels 35326 and 3547: but watch out as it is very elongated right now, in the first 2 m30 periods.
Tagged too.
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  • #5,647
  • Nov 30, 2017 10:02am Nov 30, 2017 10:02am
Quoting Lock
{quote} Tagged too.
Perfect strike again...
TULKAS
  • #5,648
  • Dec 1, 2017 5:55am Dec 1, 2017 5:55am

Again, about the importance of market generated information.


Quoting Lock
{quote} Almost done. Done. next visible levels 35326 and 3547: but watch out as it is very elongated right now, in the first 2 m30 periods.
Quoting Lock
Just in case of something more serious: 3586 is an old preUS poor high. And it is followed by 2017 pit highest close 3589. But I repeat it, watch out as it is very elongated.
Quoting Lock
35326 Is the upper monthly bracket high: it is a very important mid term level. I repeat it: very important. So monitor carefully for acceptation or rejection above it as it's the perfect place to find mid term responsive sellers or initiative buyers.
Quoting Lock
{quote} Tagged too.
The very elongated periods I was speaking about were clearly A and B periods of yesterday pit session: A low was at 34663: price after a test above the very important 35326, tagged the next 3547 clearly rejecting that price zone (no acceptation above 35326) and then started a move downside, substantially retracing the entire length of the 2 first pit periods, down to 3483

Now I do not know if that test above 35326 is enough or if there we actually found serious mid term sellers. It could also be only a liquidation of weak hands buyers. So let's see.
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  • #5,649
  • Dec 1, 2017 7:01am Dec 1, 2017 7:01am
A nuance: tonight Tokyo high is less than 1 pip above yesterday pit session high 3549, just a couple of pip above main level 3547. Carry this info forward if something will go wrong downside.
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  • #5,650
  • Dec 1, 2017 7:02am Dec 1, 2017 7:02am
The first level to evaluate is right here: 3503. We got to know if acceptation will be established above or below it by current just opened preUS session.
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  • #5,651
  • Dec 1, 2017 7:39am Dec 1, 2017 7:39am
Yesterday pre US poor low is at 34535. Price could reach it but take care of volume valley 3462
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  • #5,652
  • Dec 1, 2017 7:41am Dec 1, 2017 7:41am
Right now price is between 2 of the main major levels we consider yesterday: 34444 and 3503
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  • #5,653
  • Dec 1, 2017 7:41am Dec 1, 2017 7:41am
Furthermore, any meaningful continuation downside need acceptation below yesterday pit open 34692.
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  • #5,654
  • Dec 1, 2017 7:44am Dec 1, 2017 7:44am
Quoting Lock
Yesterday pre US poor low is at 34535. Price could reach it but take care of volume valley 3462
My brokers shows 1.34554 as the current low. Yours? This mornings' high was 1.35484 on my charts...

Ordering Dalton's book today. Recommended?
TULKAS
  • #5,655
  • Dec 1, 2017 7:44am Dec 1, 2017 7:44am
And finally yesterday pit gap is from 3448 to 34663 (yes pit low): monitor this zone if pit session will open around here. A gap works as support unless it is filled.
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  • #5,656
  • Dec 1, 2017 7:46am Dec 1, 2017 7:46am
Quoting Tulkas
{quote} My brokers shows 1.34554 as the current low. Yours? This mornings' high was 1.35484 on my charts... Ordering Dalton's book today. Recommended?
3456 but is almost the same (that btw is yesterday GB open level). About Dalton books, surely they are very important readings.
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  • #5,657
  • Dec 1, 2017 7:48am Dec 1, 2017 7:48am
Quoting Tulkas
{quote} My brokers shows 1.34554 as the current low. Yours? This mornings' high was 1.35484 on my charts... Ordering Dalton's book today. Recommended?
35495 just a pip above yesterday pit high: weak level, specially as a monthly high.
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  • #5,658
  • Dec 1, 2017 8:01am Dec 1, 2017 8:01am
Quoting Lock
{quote} 35495 just a pip above yesterday pit high: weak level, specially as a monthly high.
So it looks like there is a discrepancy between our broker prices. As long as it's consistent, I would imagine all is well.

I have used your GBP/USD levels to locate potential reversals/TP levels in the GBP/AUD with great success the last month. I will be attempting to analyze the GBP/AUD using Dalton in the coming months. Many thanks for your help. Passa un bel weekend!
TULKAS
  • #5,659
  • Dec 1, 2017 10:30am Dec 1, 2017 10:30am
Just in case it is not only a short covering triggered by news, 36065 is 2009 pit low. If instead it is only short covering it could retrace back to remove yesterday preUS poor low 34535.
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  • #5,660
  • Dec 1, 2017 10:32am Dec 1, 2017 10:32am
If it is not short covering we should easily obtain acceptation above 3503.
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