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Lock's Cable Corner

  • #5,741
  • Dec 13, 2017 8:11am Dec 13, 2017 8:11am
Quoting Lock
Inside period: balance rules apply. PS: I'm curious to know if those who follow this thread use a normal TPO tool to visualize sessions' profiles, periods and letters.
I'm afraid I don't yet know how to use those tools.
TULKAS
  • #5,742
  • Dec 13, 2017 8:36am Dec 13, 2017 8:36am
Pit US opened with a small gap upside from yesterday pit high 3344 and went immediately to test pit inside week low 3355. Again, monitor for acceptation or rejection above it. And also monitor for the preservation of current new pit gap upside.
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  • #5,743
  • Dec 13, 2017 8:40am Dec 13, 2017 8:40am
Quoting Tulkas
{quote} I'm afraid I don't yet know how to use those tools.
Do you mean you do not know hao to evaluate and use it or that you're not able to install it as an indicator? In the second case I think there is a free attachment in this thread with some instructions in the related post or somewhere after it. If instead you have no idea of how to evaluate it in technical terms it's only a matter of studying it using the available free sources. Best, L.
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  • #5,744
  • Dec 13, 2017 8:43am Dec 13, 2017 8:43am
Quoting Lock
{quote} Do you mean you do not know hao to evaluate and use it or that you're not able to install it as an indicator? In the second case I think there is a free attachment in this thread with some instructions in the related post or somewhere after it. If instead you have no idea of how to evaluate it in technical terms it's only a matter of studying it using the available free sources. Best, L.
I have the +TPOC indicator installed and working. I just lack the proper instructions on how to use it. Currently reading "Mind Over Markets".
TULKAS
  • #5,745
  • Dec 13, 2017 8:44am Dec 13, 2017 8:44am
33725 pit poor high: watch out if you'll not see continuation above it (if reached)
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  • #5,746
  • Dec 13, 2017 8:44am Dec 13, 2017 8:44am
Quoting Tulkas
{quote} I have the +TPOC indicator installed and working. I just lack the proper instructions on how to use it. Currently reading "Mind Over Markets".
Fine. It's a long process. Good study. Best, L.
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  • #5,747
  • Dec 13, 2017 9:00am Dec 13, 2017 9:00am
In case of acceptation above 33725 we could potentially aim at 3484 pit poor high. In case of rejection we could retrace back to pit poor low 3303. Remember that the mid term level to monitor, even more than the daily level 33725, is pit inside week low 3355. Acceptation above it could lead to a complete correction of last inside pit week. While rejection above it could let us retest pit inside month high 3327.
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  • #5,748
  • Dec 13, 2017 10:52am Dec 13, 2017 10:52am
Quoting Lock
In case of acceptation above 33725 we could potentially aim at 3484 pit poor high. In case of rejection we could retrace back to pit poor low 3303. Remember that the mid term level to monitor, even more than the daily level 33725, is pit inside week low 3355. Acceptation above it could lead to a complete correction of last inside pit week. While rejection above it could let us retest pit inside month high 3327.

Retesting now 3355. Watch out. For any continuation lower we need acceptation below it. If not, all the way back upside. As we already have acceptation above it.
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  • #5,749
  • Edited 3:02pm Dec 13, 2017 2:05pm | Edited 3:02pm
Quoting Lock
{quote} Retesting now 3355. Watch out. For any continuation lower we need acceptation below it. If not, all the way back upside. As we already have acceptation above it.
I hope you appreciated this info: price didn't find acceptation below 3355 (no 2 m30 periods closed below it) and as you see price rallied for more than 70 pips from it.

The importance of market generated information confirmed as always. Have a nice continuation. Best, L.
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  • #5,750
  • Edited 2:37am Dec 14, 2017 2:23am | Edited 2:37am
2017/12/14 09:30+1GMT (edited 09:37)
MORNING REPORT

GB opened with a substantial gap upside from yesterday GB session high 3368. If this gap will not be retraced quickly odds will be in favor for a continuation upside or, at least a balance.

Most important levels upside are 3444, 3460 (previous GB spike downside base) and 35045* (GB December close).
Downside the most important ones are 3402** (inside month absolute high) and 33775 (yesterday pit spike upside base).

*just below it we have a mid term level: 3503 absolute low of 2009 (GB)
**we got a double pass GB gap in this zone from 33985 to 3407.

Note: we are leaving downside a huge mess of weaknesses: 34065 (tonight Tokyo poor low), 33482 (yesterday pit poor low), 3313 Tokyo PL, 33113 GB PL, 3303 pit PL. All of them are currently below gaps that could protect them. But in any case always carry forward these kind of information as they could underline a substantial weakness of last action upside.
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  • #5,751
  • Dec 14, 2017 3:02am Dec 14, 2017 3:02am
Quoting Lock
2017/12/14 09:30+1GMT (edited 09:37) MORNING REPORT GB opened with a substantial gap upside from yesterday GB session high 3368. If this gap will not be retraced quickly odds will be in favor for a continuation upside or, at least a balance. Most important levels upside are 3444, 3460 (previous GB spike downside base) and 35045* (GB December close). Downside the most important ones are 3402** (inside month absolute high) and 33775 (yesterday pit spike upside base). *just below it we have a mid term level: 3503...
First level 3444 tested (tagged at the pipette btw)
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  • #5,752
  • Dec 14, 2017 3:23am Dec 14, 2017 3:23am
Quoting Lock
2017/12/14 09:30+1GMT (edited 09:37) MORNING REPORT .... Note: we are leaving downside a huge mess of weaknesses: 34065 (tonight Tokyo poor low), 33482 (yesterday pit poor low), 3313 Tokyo PL, 33113 GB PL, 3303 pit PL. All of them are currently below gaps that could protect them. But in any case always carry forward these kind of information as they could underline a substantial weakness of last action upside.
Add to the list a new GB poor low, current one at 3427.
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  • #5,753
  • Dec 14, 2017 3:24am Dec 14, 2017 3:24am
Quoting Lock
{quote} First level 3444 tested (tagged at the pipette btw)
Retesting 3444.
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  • #5,754
  • Dec 14, 2017 3:27am Dec 14, 2017 3:27am
Also testing overnight high 34483: we need acceptation above it for any serious continuation upside. If not remember the current GB and Tokyo poor lows 3427 and 34065.
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  • #5,755
  • Dec 14, 2017 4:32am Dec 14, 2017 4:32am
Quoting Lock
Also testing overnight high 34483: we need acceptation above it for any serious continuation upside. If not remember the current GB and Tokyo poor lows 3427 and 34065.
An other textbook environment: no acceptation above Tokyo high (meaning no 2 m30 periods closed above overnight high 34483) and as you see here you got the liquidation towards GB and Tokyo poor lows 3427 and 34065: the first of them already taken out. No warranty for the second one as remember that we have a GB gap upside still in place.
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  • #5,756
  • Dec 14, 2017 4:33am Dec 14, 2017 4:33am
Quoting Lock
{quote} An other textbook environment: no acceptation above Tokyo high (meaning no 2 m30 periods closed above overnight high 34483) and as you see here you got the liquidation towards GB and Tokyo poor lows 3427 and 34065: the first of them already taken out. No warranty for the second one as remember that we have a GB gap upside still in place.
34065 Tagged too.
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  • #5,757
  • Dec 14, 2017 4:35am Dec 14, 2017 4:35am
Applause to market generated information please. Or I'll commit suicide.
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  • #5,758
  • Dec 14, 2017 4:40am Dec 14, 2017 4:40am
Quoting Lock
{quote} An other textbook environment: no acceptation above Tokyo high (meaning no 2 m30 periods closed above overnight high 34483) and as you see here you got the liquidation towards GB and Tokyo poor lows 3427 and 34065: the first of them already taken out. No warranty for the second one as remember that we have a GB gap upside still in place.
Note the strong reaction at the second one 34065: I wrote it: we still have a new GB gap upside giving support to price action. Btw we also are before "major" news so I think that we could wait for them now. Anyway I'm off for a while, have a nice continuation. Best, L.
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  • #5,759
  • Dec 14, 2017 5:43am Dec 14, 2017 5:43am
Quoting Lock
Applause to market generated information please. Or I'll commit suicide.
Frankly, the accuracy of your analysis is stunning. I will spend a good bit of my holiday on Mind Over Markets in an attempt to learn this approach. Very well done, my friend...
TULKAS
  • #5,760
  • Dec 14, 2017 6:44am Dec 14, 2017 6:44am
Quoting Tulkas
{quote} Frankly, the accuracy of your analysis is stunning. I will spend a good bit of my holiday on Mind Over Markets in an attempt to learn this approach. Very well done, my friend...
Even though this book is fundamental in order to gain the very bases of this approach I must stress that it is only the first step of a long learning process. A lot of practice and a lot of other info are needed in order to start to be proficient in such an approach. Or, at least, this is my personal experience. So even if you'll reach the "aha moment" during the first reading don't let yourself think that it will be that easy. As it is not.
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