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Lock's Cable Corner

  • #6,141
  • Feb 26, 2018 5:53am Feb 26, 2018 5:53am
Btw this is a very very weak environment: we got B period low at previous hb, then E F and H periods lows all at current hb. After a liquidation to correct these levels maybe.. In the meantime I'll be off. Have a nice continuation . Best, L
Ubi maior minor cessat
  • #6,142
  • Feb 26, 2018 5:59am Feb 26, 2018 5:59am
Quoting Lock
Btw this is a very very weak environment: we got B period low at previous hb, then E F and H periods lows all at current hb. After a liquidation to correct these levels maybe.. In the meantime I'll be off. Have a nice continuation . Best, L
hb cluster of lows just taken out as expected.
Ubi maior minor cessat
  • #6,143
  • Feb 26, 2018 6:05am Feb 26, 2018 6:05am
Quoting Lock
Btw this is a very very weak environment: we got B period low at previous hb, then E F and H periods lows all at current hb. After a liquidation to correct these levels maybe.. In the meantime I'll be off. Have a nice continuation . Best, L
All the weak lows taken out by liquidation as expected. Now let's see. Remember what I wrote about the possible new pit gap upside. Monitor for its possible building now...
Ubi maior minor cessat
  • #6,144
  • Feb 26, 2018 6:06am Feb 26, 2018 6:06am
See you later. (maybe) Best, L.
Ubi maior minor cessat
  • #6,145
  • Feb 26, 2018 6:27am Feb 26, 2018 6:27am
Quoting Lock
See you later. (maybe) Best, L.
thanks lock
just for a cup of coffee...
  • #6,146
  • Feb 26, 2018 8:11am Feb 26, 2018 8:11am
Do you have a crystal ball, Lock?... Spectacular analysis! Many thanks...
TULKAS
  • #6,147
  • Feb 26, 2018 8:26am Feb 26, 2018 8:26am
You're welcome but it is not a crystal ball. It's market generated information, study and good luck. Best, L.
Ubi maior minor cessat
  • #6,148
  • Feb 26, 2018 8:27am Feb 26, 2018 8:27am
Quoting Lock
You're welcome but it is not a crystal ball. It's market generated information, study and good luck. Best, L.
Finished Dolan. Finished this thread. Setting up charts, preparing to paper trade...
TULKAS
  • #6,149
  • Feb 26, 2018 8:38am Feb 26, 2018 8:38am
I suggest to note that last week has been an inside one for pit participants. Inside pit week extremes are 3905-40245: balance rules apply over weekly timeframe again.
Ubi maior minor cessat
  • #6,150
  • Feb 26, 2018 8:41am Feb 26, 2018 8:41am
3963 Friday pit session settle (unch). Monitor for acceptation or rejection above it.
Ubi maior minor cessat
  • #6,151
  • Feb 26, 2018 8:44am Feb 26, 2018 8:44am
Quoting Lock
I suggest to note that last week has been an inside one for pit participants. Inside pit week extremes are 3905-40245: balance rules apply over weekly timeframe again.
But it is also important to note that also in absolute terms it was an inside week. Furthermore also last week has been an inside one: so we got 2 consecutive weeks one inside the previous one. Full balance environment and possible important break from here.
Ubi maior minor cessat
  • #6,152
  • Feb 26, 2018 8:48am Feb 26, 2018 8:48am
For "break" I obviously intend a breakout (above or below weekly balance extremes)
Ubi maior minor cessat
  • #6,153
  • Feb 27, 2018 5:15am Feb 27, 2018 5:15am
Last 3 sessions balanced around major composite poc 3966. Most important values for GB 39795 (GB "old" weekly breakout) and 39505 yesterday GB close level. Price is ranging between them so currently we got clearly weak hands ruling the market.

Maybe preUS and Pit US will do something today: in which case remember the current weekly balance condition for pit participants and the extremes of it 3905-40245

PS: are we going to have a inside month?
Ubi maior minor cessat
  • #6,154
  • Feb 27, 2018 5:45am Feb 27, 2018 5:45am
G inside period: balance rules apply. F G and current H highs all at session half back

And 3944 poor low. Weak hands ruling confirmed.
Ubi maior minor cessat
  • #6,155
  • Feb 27, 2018 6:01am Feb 27, 2018 6:01am
Quoting Lock
G inside period: balance rules apply. F G and current H highs all at session half back And 3944 poor low. Weak hands ruling confirmed.
ATtempted break downside from inside period balance: 3944 tagged again. Now very poor.
Ubi maior minor cessat
  • #6,156
  • Feb 27, 2018 7:19am Feb 27, 2018 7:19am
Quoting Lock
{quote} ATtempted break downside from inside period balance: 3944 tagged again. Now very poor.
So final portion of GB session took 3944 out.

Quoting Lock
Last 3 sessions balanced around major composite poc 3966. ...Maybe preUS and Pit US will do something today: in which case remember the current weekly balance condition for pit participants and the extremes of it 3905-40245 PS: are we going to have a inside month?
Pre US session opened and went downside towards 3905: be careful here as it is the pit inside week low as said. SO any attempt below it has to be considered as an attempted break below weekly balance. Balance rules apply obviously.

Remember that in case of attempted break and failure the safest place to go is major composite poc 3966.
Ubi maior minor cessat
  • #6,157
  • Feb 27, 2018 8:13am Feb 27, 2018 8:13am
Quoting Lock
{quote} So final portion of GB session took 3944 out. {quote} Pre US session opened and went downside towards 3905: be careful here as it is the pit inside week low as said. SO any attempt below it has to be considered as an attempted break below weekly balance. Balance rules apply obviously. Remember that in case of attempted break and failure the safest place to go is major composite poc 3966.
Attempting the break below inside pit weekly balance low 3905... Watch out.
Ubi maior minor cessat
  • #6,158
  • Feb 27, 2018 8:35am Feb 27, 2018 8:35am
Quoting Lock
{quote} Attempting the break below inside pit weekly balance low 3905... Watch out.
Pit opened with a new gap downside and immediately tested 3905 again.
Ubi maior minor cessat
  • #6,159
  • Feb 27, 2018 8:56am Feb 27, 2018 8:56am
Quoting Lock
{quote} Pit opened with a new gap downside and immediately tested 3905 again.
Pit attempting break downside below 3905: in case of success next level is 3796. (the other pit inside week low)

In case of failure next step major composite poc 3966
Ubi maior minor cessat
  • #6,160
  • Feb 27, 2018 9:03am Feb 27, 2018 9:03am
Quoting Lock
{quote} Pit attempting break downside below 3905: in case of success next level is 3796. (the other pit inside week low) In case of failure next step major composite poc 3966
Retested 3905 from below (at the pip*) failed there, and went down again.

*too exact maybe, but let's see.
Ubi maior minor cessat
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