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Lock's Cable Corner

  • #6,101
  • Feb 14, 2018 7:44pm Feb 14, 2018 7:44pm
Quoting Lock
Very stretched profile. Watch out. Major composite poc around here is at 3794. Other close weaknesses are at 37925 and 3729. But I repeat it: watch out.
hai lock..
as u noted before..
379xx level is really need to watch..
its shoot up from that area..
just for a cup of coffee...
  • #6,102
  • Feb 15, 2018 2:24am Feb 15, 2018 2:24am
Quoting akim0895
{quote} hai lock.. as u noted before.. 379xx level is really need to watch.. its shoot up from that area..
Very good. I think you understood the importance of that level.
Now consider this: GB opened above 39795 GB inside week low. And it opened with a huge new gap upside.
So unless a big portion of this new upside gap from yesterday GB high (3906) will be filled and acceptation obtained back below 39795, odds will be in favor to a continuation upside, back to the opposite side of GB balance (42745).
Ubi maior minor cessat
  • #6,103
  • Feb 15, 2018 2:33am Feb 15, 2018 2:33am
Quoting Lock
{quote} Very good. I think you understood the importance of that level. Now consider this: GB opened above 39795 GB inside week low. And it opened with a huge new gap upside. So unless a big portion of this new upside gap from yesterday GB high (3906) will be filled and acceptation obtained back below 39795, odds will be in favor to a continuation upside, back to the opposite side of GB balance (42745).
Obviously, if instead GB will liquidate abruptly from here and will manage to regain acceptation below inside GB week low (39795) then you could seriously take into consideration the possibility of a failed test back inside weekly balance. And, as a consequence, you will be ready to continue lower in the direction of the last attempted weekly break downside.
Ubi maior minor cessat
  • #6,104
  • Feb 15, 2018 2:48am Feb 15, 2018 2:48am
I also suggest to note that 40547 is the half back (mid level) of the last action downside from 25.01 to 09.02:
acceptation above it is needed for any continuation upside.

A confirmed failure above it could have a significant impact upon current market retest inside GB week balance.
Ubi maior minor cessat
  • #6,105
  • Feb 15, 2018 3:02am Feb 15, 2018 3:02am
B inside period: balance rules apply. Very narrow range. Watch out!
Ubi maior minor cessat
  • #6,106
  • Feb 15, 2018 3:21am Feb 15, 2018 3:21am
Quoting Lock
I also suggest to note that 40547 is the half back (mid level) of the last action downside from 25.01 to 09.02: acceptation above it is needed for any continuation upside. A confirmed failure above it could have a significant impact upon current market retest inside GB week balance.

Attempted break upside from inside period. Retesting 40547. Monitor for acceptation or rejection above it.
Ubi maior minor cessat
  • #6,107
  • Feb 15, 2018 8:07am Feb 15, 2018 8:07am
Now 4025 is the reference for US participants as it is the low of the pit inside week. Again, acceptation or rejection above it is fundamental as in case of acceptation we could aim at the top of the inside pit week (4278) while in case of rejection above it we could imagine a new possible attempt downside in the direction of the last weekly attempted break.
Ubi maior minor cessat
  • #6,108
  • Feb 15, 2018 8:09am Feb 15, 2018 8:09am
Note that PreUS B period is, again, an inside one. Balance rules apply.

I also suggest to continue to give attention to major action downside half back 40547.

Finally note that price is currently inside the previous pit gap downside (40592-4101): this zone could be interesting for upcoming pit session.
Ubi maior minor cessat
  • #6,109
  • Feb 15, 2018 9:06am Feb 15, 2018 9:06am
Quoting Lock
Note that PreUS B period is, again, an inside one. Balance rules apply. I also suggest to continue to give attention to major action downside half back 40547. Finally note that price is currently inside the previous pit gap downside (40592-4101): this zone could be interesting for upcoming pit session.

So pit opened, went downside to test 40547, failed below it and came back upside towards the top of the old pit gap (4001) just to stop a couple of pips below it...
Ubi maior minor cessat
  • #6,110
  • Feb 15, 2018 9:25am Feb 15, 2018 9:25am
Quoting Lock
{quote} So pit opened, went downside to test 40547, failed below it and came back upside towards the top of the old pit gap (4001) just to stop a couple of pips below it...
Second test of it (40547) this time a perfect tag.
Ubi maior minor cessat
  • #6,111
  • Feb 15, 2018 9:36am Feb 15, 2018 9:36am
What do you say Lock ? Is that false retrace or will Gbp keep going down. I hope so it does as I hv money on it
  • #6,112
  • Feb 15, 2018 10:43am Feb 15, 2018 10:43am
Be ready..............................
Attached Image (click to enlarge)
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Regard NOOR16
  • #6,113
  • Feb 15, 2018 11:25am Feb 15, 2018 11:25am
Quoting Lock
Now 4025 is the reference for US participants as it is the low of the pit inside week. Again, acceptation or rejection above it is fundamental as in case of acceptation we could aim at the top of the inside pit week (4278) while in case of rejection above it we could imagine a new possible attempt downside in the direction of the last weekly attempted break.
Here we are eventually at 4025: perfect tag for now. Monitor carefully for acceptation or rejection below it!
Ubi maior minor cessat
  • #6,114
  • Feb 15, 2018 11:27am Feb 15, 2018 11:27am
Quoting Lock
{quote} Here we are eventually at 4025: perfect tag for now. Monitor carefully for acceptation or rejection below it!
Given the fact that obviously we already have acceptation above it. as we spent the entire session in the zone above it.
Ubi maior minor cessat
  • #6,115
  • Feb 15, 2018 2:36pm Feb 15, 2018 2:36pm
Quoting Lock
Note that PreUS B period is, again, an inside one. Balance rules apply. I also suggest to continue to give attention to major action downside half back 40547. Finally note that price is currently inside the previous pit gap downside (40592-4101): this zone could be interesting for upcoming pit session.
Quoting Lock
{quote} Here we are eventually at 4025: perfect tag for now. Monitor carefully for acceptation or rejection below it!
Well, what a wonderful spot 4025, isn't it? 3 Pips below it, failed, 75 pips upside, back to 4101, at the pip (and it is now a weak and poor high)
Ubi maior minor cessat
  • #6,116
  • Feb 15, 2018 2:41pm Feb 15, 2018 2:41pm
Quoting Lock
{quote} So pit opened, went downside to test 40547, failed below it and came back upside towards the top of the old pit gap (4001) just to stop a couple of pips below it...
This was a precious information as an exact level tagged is generally a suspicious one for definition: who sell or buy at an exact and very visible level? Weak hands...

A different story if the level is overshoot, like 4025. In this case price went below our value (3 pips) and only then retraced upside. Furthermore 4025 is a mid term level as it is the low of an inside pit week range. So, clearly a stronger support (if tested from above.)
Ubi maior minor cessat
  • #6,117
  • Feb 16, 2018 9:18am Feb 16, 2018 9:18am
Significant number of anomalies left upside during this morning very emotional liquidation. Carry forward this info.
Ubi maior minor cessat
  • #6,118
  • Feb 16, 2018 9:26am Feb 16, 2018 9:26am
4025, as yesterday, it is the main level for current pit session. Above it we have space for a full correction of the pit inside week (see previous posts) Below it we could consider the weekly break still "active"
Ubi maior minor cessat
  • #6,119
  • Feb 16, 2018 9:31am Feb 16, 2018 9:31am
Quoting Lock
4025, as yesterday, it is the main level for current pit session. Above it we have space for a full correction of the pit inside week (see previous posts) Below it we could consider the weekly break still "active"
I mean, if price will manage to be accepted above 4025, then the opposite side of inside pit week (4278) is the natural direction. Otherwise, with a new price acceptation below 4025, the weekly break below could be still considered not failed.
Ubi maior minor cessat
  • #6,120
  • Feb 16, 2018 9:33am Feb 16, 2018 9:33am
Quoting Lock
Note that PreUS B period is, again, an inside one. Balance rules apply. I also suggest to continue to give attention to major action downside half back 40547. Finally note that price is currently inside the previous pit gap downside (40592-4101): this zone could be interesting for upcoming pit session.
40547 obviously is still a very very important level! Monitor for acceptation or rejection above it!
Ubi maior minor cessat
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