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Lock's Cable Corner

  • #5,881
  • Dec 20, 2017 3:48pm Dec 20, 2017 3:48pm
Quoting FateAnother
{quote} i don't know whether FXB is significant to check it, but looking at FXB, i think 1.333 will be taken out too. Just kinda confused about best entry point.
If you're thinking to buy the best spot could be if price will go below 3303 and then fail to continue any lower. If instead you were speaking about a good place to sell I think you lost the train for this time as it was around 3392 just below the double inside m30 periods. Anyway we're entering into overnight and if you trade also during Sydney and Tokyo you could find some nice spot after a correction upside. (just for speaking as I do not know so much the dynamics of overnight session).

Anyhow, I'm off for today. I cannot resist anymore: too tired right now. Have a nice continuation. Best, L.
Ubi maior minor cessat
  • #5,882
  • Dec 20, 2017 3:53pm Dec 20, 2017 3:53pm
you are doing a great job, thanks for the update! Catch up soon.
  • #5,883
  • Dec 21, 2017 2:21am Dec 21, 2017 2:21am
Quoting asgcorp
you are doing a great job, thanks for the update! Catch up soon.

You're welcome. Best, L.
Ubi maior minor cessat
  • #5,884
  • Dec 21, 2017 2:23am Dec 21, 2017 2:23am
Now, GB gapped lower from yesterday GB session low 33775 and as you noticed overnight didn't retrace anything of the weak pit session action downside.

So, if GB will preserve the new gap and will establish acceptation below its inside month high 33652 we could imagine a continuation downside.

If instead GB will fill the new GB gap downside quickly and eventually will obtain acceptation above 33652 odds will be in favor to a correction upside to 3397 composite poc.

So monitor carefully for acceptation below or above 33652 and for the possible filling of the new GB gap downside from 33775.
Ubi maior minor cessat
  • #5,885
  • Dec 21, 2017 3:01am Dec 21, 2017 3:01am
B is an inside period: balance rules apply. Watch out.
Ubi maior minor cessat
  • #5,886
  • Dec 21, 2017 3:14am Dec 21, 2017 3:14am
Quoting Lock
B is an inside period: balance rules apply. Watch out.
Attempted break upside from inside period B, new GB gap downside still existing with 1 single pip (from yesterday GB low 33775). No acceptation below GB inside month 33652 (at least till now)
Ubi maior minor cessat
  • #5,887
  • Dec 21, 2017 3:17am Dec 21, 2017 3:17am
Quoting Lock
{quote} Attempted break upside from inside period B, new GB gap downside still existing with 1 single pip (from yesterday GB low 33775). No acceptation below GB inside month 33652 (at least till now)
Note that for any serious continuation upside, acceptation above yesterday GB low 33775 is needed.
Ubi maior minor cessat
  • #5,888
  • Dec 21, 2017 3:18am Dec 21, 2017 3:18am
Quoting Lock
{quote} Attempted break upside from inside period B, new GB gap downside still existing with 1 single pip (from yesterday GB low 33775). No acceptation below GB inside month 33652 (at least till now)
New GB gap downside filled.
Ubi maior minor cessat
  • #5,889
  • Dec 21, 2017 6:29am Dec 21, 2017 6:29am
Testing overnight low 33505: for any continuation downside we need acceptation below it.
Ubi maior minor cessat
  • #5,890
  • Dec 21, 2017 6:31am Dec 21, 2017 6:31am
Quoting Lock
Testing overnight low 33505: for any continuation downside we need acceptation below it.
It is a poor low, so now it is also weak as it is a perfect tag.
Ubi maior minor cessat
  • #5,891
  • Dec 21, 2017 6:33am Dec 21, 2017 6:33am
33393 last mid term action downside half back: again, acceptation below it needed for any meaningful continuation downside. Note that the last 2 GB periods performed a spike downside, so I think we now need to see the reaction of preUS participants.
Ubi maior minor cessat
  • #5,892
  • Dec 21, 2017 6:57am Dec 21, 2017 6:57am
You are doing a great job, thanks for the update!
  • #5,893
  • Dec 21, 2017 7:04am Dec 21, 2017 7:04am
Quoting Lock
33393 last mid term action downside half back: again, acceptation below it needed for any meaningful continuation downside. Note that the last 2 GB periods performed a spike downside, so I think we now need to see the reaction of preUS participants.
So, preUS opened below yesterday pit session low 33714: monitor for price location after pit open at 15:30+1GMT as a new pit gap downside (or not) could drastically change the odds to continue lower.

Most important levels for US participants in this zone are 3327 (pit inside month high) and 3402 (inside month absolute high). Further important levels are yesterday pit session spike base downside at 3388 and yesterday pit unchanged level (daily settle) at 3375.

PS: next visible target in case of continuation downside is 3303 as written many times. While upside the first one is yesterday pit high just above 34182 followed by a bunch of other poor highs like 3446,3484,3530 and far above 3586.
Ubi maior minor cessat
  • #5,894
  • Dec 21, 2017 8:45am Dec 21, 2017 8:45am
Pit session opened with a new gap downside from yesterday pit low 33714: gap rules apply. If not retraced quickly odds are in favor to a continuation downside towards 3303. If retraced and acceptance found above 33714 we could aim at yesterday weak high (above 34182) and subsequent poor highs theory (see previous post for them).
Ubi maior minor cessat
  • #5,895
  • Dec 21, 2017 10:17am Dec 21, 2017 10:17am
A range of 16 pips is clearly very little. With any probability it will extend from here. Gap downside still in place. Poor high at 3360. GB poor high at 3387. Very weak day. It left upside new weaknesses to sum to the others left during previous days.
Ubi maior minor cessat
  • #5,896
  • Dec 21, 2017 11:12am Dec 21, 2017 11:12am
So it filled the new pit gap downside. Now for any continuation upside we need acceptation above yesterday pit session low 33714. If so first step is 3387.
Ubi maior minor cessat
  • #5,897
  • Dec 21, 2017 11:13am Dec 21, 2017 11:13am
If not, next visible level downside is 3327, pit inside month high.
Ubi maior minor cessat
  • #5,898
  • Dec 21, 2017 11:52am Dec 21, 2017 11:52am
I'm off for the year, Lock. Buon Natale!
TULKAS
  • #5,899
  • Dec 21, 2017 12:57pm Dec 21, 2017 12:57pm
Quoting Tulkas
I'm off for the year, Lock. Buon Natale!
I'll be off tomorrow. Buone feste anche a te!
Ubi maior minor cessat
  • #5,900
  • Dec 21, 2017 1:58pm Dec 21, 2017 1:58pm
Quoting Lock
So it filled the new pit gap downside. Now for any continuation upside we need acceptation above yesterday pit session low 33714. If so first step is 3387.
So we got acceptation above 33714 and here we are just below 3387 GB poor high. Note anyhow that at 3388 we have yesterday pit spike downside base and considering the very weak environment in which we are it could work as resistance. In any case, for any continuation upside we will need acceptation above it. Note also that we are very late in the session.
Ubi maior minor cessat
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