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Lock's Cable Corner

  • #5,701
  • Dec 11, 2017 9:29am Dec 11, 2017 9:29am
Quoting Lock
{quote} Pit retesting it: watch out now.
inside period , balance rules apply
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  • #5,702
  • Dec 11, 2017 11:17am Dec 11, 2017 11:17am
Quoting Lock
{quote} PreUS testing pit inside week low 33545 right now.
We spent almost 4 hours testing and retesting numerous times 33545. Without any result. No acceptation below it for now and poor and weak high at 33725. Let's see how it will develop from here.
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  • #5,703
  • Dec 11, 2017 11:40am Dec 11, 2017 11:40am
Poor low, poor high, I'm off. Let's see later or tomorrow. Best, L.
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  • #5,704
  • Dec 12, 2017 2:06am Dec 12, 2017 2:06am
Most important levels for current GB session:

33193 GB inside week low, yesterday GB low 33423, GB yesterday close 33615, GB inside month high 33652. And also 3402 inside month absolute high. Note that we are below the last 3 of them for now: if not reached or if we didn't find acceptation above all of them, odds are in favor for a continuation downside. Obviously take the market a piece at a time and evaluate acceptation or rejection level after level.
Have a good trading day.
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  • #5,705
  • Dec 12, 2017 2:16am Dec 12, 2017 2:16am
As always keep in mind at least three different possible scenarios. As I wrote in the previous post the condition of non acceptation above certain values mean that odds will be in favor for a continuation downside. Clearly, at the opposite, acceptation above them will favor odds for a continuation upside. The third scenario is to remain included between them, in balance (less probable at all considering the significant balance of tonight Tokyo session)
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  • #5,706
  • Dec 12, 2017 2:17am Dec 12, 2017 2:17am
Quoting Lock
Most important levels for current GB session: 33193 GB inside week low, yesterday GB low 33423, GB yesterday close 33615, GB inside month high 33652. And also 3402 inside month absolute high. Note that we are below the last 3 of them for now: if not reached or if we didn't find acceptation above all of them, odds are in favor for a continuation downside. Obviously take the market a piece at a time and evaluate acceptation or rejection level after level. Have a good trading day.
Testing the first GB important level upside. 33615 yesterday GB close.
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  • #5,707
  • Dec 12, 2017 2:32am Dec 12, 2017 2:32am
Still testin 33615. GB poor high. Note that we also got a pit poor high at 33725 left from yesterday. carry forward these info.
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  • #5,708
  • Dec 12, 2017 2:43am Dec 12, 2017 2:43am
Quoting Lock
Most important levels for current GB session: 33193 GB inside week low, yesterday GB low 33423, GB yesterday close 33615, GB inside month high 33652. And also 3402 inside month absolute high. Note that we are below the last 3 of them for now: if not reached or if we didn't find acceptation above all of them, odds are in favor for a continuation downside. Obviously take the market a piece at a time and evaluate acceptation or rejection level after level. Have a good trading day.
Clearly weak hands continuously selling above 33615 and just below our main second level 33652.
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  • #5,709
  • Dec 12, 2017 3:05am Dec 12, 2017 3:05am
Attempted break from inside period B. Balance rules apply here.
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  • #5,710
  • Dec 12, 2017 3:07am Dec 12, 2017 3:07am
Poor low and poor high: weak hands ruling this environment.
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  • #5,711
  • Dec 12, 2017 3:09am Dec 12, 2017 3:09am
Quoting Lock
Poor low and poor high: weak hands ruling this environment.
hai lock..
i have follow ur thread for a while now..
still waiting for bull to strike
are bull have a change today?
just for a cup of coffee...
  • #5,712
  • Dec 12, 2017 3:15am Dec 12, 2017 3:15am
Quoting akim0895
{quote} hai lock.. i have follow ur thread for a while now.. still waiting for bull to strike are bull have a change today?
Hi Akim,

observe what the market is telling you. For now we do not have any acceptation above any of our main levels upside. Price went up and established a poor high just above 33615 without gaining acceptation above it. So for now odds are in favor for a continuation downside. The problem is that we have seen only weak hands operators for now, so we do not know the possible reaction of stronger ones.

If after news we will still not have acceptation above 33615 and higher levels, odds will remain in favor for a continuation downside. At the opposite, in case of acceptation above them, specially above 33615 and 33652, odds will be in favor for a strong correction upside.
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  • #5,713
  • Dec 12, 2017 3:16am Dec 12, 2017 3:16am
Note also that in such weak hands environment, shakeout is expected during news in order to remove those weak participants: try not to be one of them in the process.
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  • #5,714
  • Dec 12, 2017 3:17am Dec 12, 2017 3:17am
Quoting Lock
{quote} Hi Akim, observe what the market is telling you. For now we do not have any acceptation above any of our main levels upside. Price went up and established a poor high just above 33615 without gaining acceptation above it. So for now odds are in favor for a continuation downside. The problem is that we have seen only weak hands operators for now, so we do not know the possible reaction of stronger ones. If after news we will still not have acceptation above 33615 and higher levels, odds will remain in favor for a continuation downside. At...
thanks lock
good info..
just for a cup of coffee...
  • #5,715
  • Dec 12, 2017 3:26am Dec 12, 2017 3:26am
Quoting Lock
{quote} Clearly weak hands continuously selling above 33615 and just below our main second level 33652.
And here we are again as expected...
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  • #5,716
  • Dec 12, 2017 3:27am Dec 12, 2017 3:27am
33652 tagged, btw.
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  • #5,717
  • Dec 12, 2017 3:41am Dec 12, 2017 3:41am
Quoting Lock
Still testin 33615. GB poor high. Note that we also got a pit poor high at 33725 left from yesterday. carry forward these info.

As you see... Now the issue here is to evaluate acceptation or rejection above 33652. If acceptation we could continue higher even leaving downside a GB poor low 33375 and a weak Tokyo low. Without acceptation above it instead we must imagine at least a correction of those weak and poor lows downside.
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  • #5,718
  • Dec 12, 2017 3:56am Dec 12, 2017 3:56am
Quoting Lock
{quote} As you see... Now the issue here is to evaluate acceptation or rejection above 33652. If acceptation we could continue higher even leaving downside a GB poor low 33375 and a weak Tokyo low. Without acceptation above it instead we must imagine at least a correction of those weak and poor lows downside.
A textbook environment today: no acceptation above 33652 (clear rejection above it with excess) and here we are at GB poor low 33375.
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  • #5,719
  • Dec 12, 2017 3:58am Dec 12, 2017 3:58am
Quoting Lock
Note also that in such weak hands environment, shakeout is expected during news in order to remove those weak participants: try not to be one of them in the process.
And btw this comes in line with the more than probable shakeout during news that is right here in front of your eyes.
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  • #5,720
  • Dec 12, 2017 4:02am Dec 12, 2017 4:02am
Quoting Lock
{quote} A textbook environment today: no acceptation above 33652 (clear rejection above it with excess) and here we are at GB poor low 33375.
Now watch out if you will not see continuation below 33375 as this action is for now only a shakeout. A different story will be if we will find acceptation below overnight low (Tokyo low 3333), in which case odds will be in favor to at least a test of GB inside week low 33193
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