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Lock's Cable Corner

  • #6,181
  • Mar 7, 2018 4:12am Mar 7, 2018 4:12am
US index is going to break, probably. 8890 zone is possible
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  • #6,182
  • Mar 7, 2018 4:25am Mar 7, 2018 4:25am
US index situation...

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.jpeg Size: 339 KB
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  • #6,183
  • Mar 7, 2018 4:26am Mar 7, 2018 4:26am
Quoting Lock
US index situation... {image}
I'm not saying it has to do it. I'm saying that the underlined cluster of multiple pass GB gaps could heavily attract price. Specially during GB sessions. and we are in a GB session.
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  • #6,184
  • Mar 7, 2018 4:30am Mar 7, 2018 4:30am
Quoting Lock
{quote} I'm not saying it has to do it. I'm saying that the underlined cluster of multiple pass GB gaps could heavily attract price. Specially during GB sessions. and we are in a GB session.

And, as a consequence of this possible break of US index, cable could do the opposite.
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  • #6,185
  • Mar 7, 2018 4:32am Mar 7, 2018 4:32am
Quoting Lock
3880 is now very very weak Btw I do not know if we could consider the attempted break downside failed or not. It is a very indecisive market. See you later. Best, L
Taken out as expected. Let's see if it will accelerate or not above it.
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  • #6,186
  • Mar 7, 2018 5:27am Mar 7, 2018 5:27am
Quoting Lock
3880 is now very very weak Btw I do not know if we could consider the attempted break downside failed or not. It is a very indecisive market. See you later. Best, L
So it went upside to take out 3880 and then went down again. As written it is a very indecisive market. Current GB session is also developing inside yesterday GB session range, underlining the weakness of current environment. Be careful as we got a lot of conflicting information here also considering the US index situation.
Cable could continue lower towards the weaknesses stressed this morning at 38165 3766 and 3756. Or it could fail again downside and cover to 3896 composite poc.
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  • #6,187
  • Mar 7, 2018 9:31am Mar 7, 2018 9:31am
Quoting Lock
{quote} .... Cable could continue lower towards the weaknesses stressed this morning at 38165 3766 and 3756. Or it could fail again downside and cover to 3896 composite poc.
So at the end of the story it managed to come back to composite poc 3896. But you know what? It is not an easy market to trade. Still very indecisive.

Now it is testing yesterday pit low 38705: if it will fail we could aim at yesterday pit high 3903. If it will succeed, again, you know we could go to 38165 3766 and 3756
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  • #6,188
  • Mar 7, 2018 9:57am Mar 7, 2018 9:57am
Quoting Lock
{quote} So at the end of the story it managed to come back to composite poc 3896. But you know what? It is not an easy market to trade. Still very indecisive. Now it is testing yesterday pit low 38705: if it will fail we could aim at yesterday pit high 3903. If it will succeed, again, you know we could go to 38165 3766 and 3756
So pit failed below 38705 and here we are around 3903. Very complex market as said many times today. Now, again, let's see if it will eventually accelerate upside or if it will remain in balance for today, around 3896.
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  • #6,189
  • Mar 7, 2018 10:39am Mar 7, 2018 10:39am
Thanks for good analysis gpuusd
and dxy
i want to learn from you
  • #6,190
  • Mar 8, 2018 11:37pm Mar 8, 2018 11:37pm
Quoting cap21
Thanks for good analysis gpuusd and dxy i want to learn from you
Well, about usd index I was totally wrong*. So the first thing to learn in this work is to be independent in our own analysis because, as you see, sometimes better experienced traders' opinions could be misleading.

Anyway in cable price remained around 3896 composite poc as expected and then liquidated downside yesterday removing from the field one of the three weak buyers' levels I was speaking about: 38165. While 3766 & 3756 are still in place. This market remains very indecisive.

*It remains a fact that the zone I stressed below current balance is incredibly rare and in any case it is highly significant: so I suggest to carry forward this info because even if this time price didn't filled it, this doesn't mean price could not come there again in the future.
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  • #6,191
  • Mar 8, 2018 11:43pm Mar 8, 2018 11:43pm
Quoting Lock
{quote} Well, about usd index I was totally wrong*. So the first thing to learn in this work is to be independent in our own analysis because, as you see, sometimes better experienced traders' opinions could be misleading. Anyway in cable price remained around 3896 composite poc as expected and then liquidated downside yesterday removing from the field one of the three weak buyers' levels I was speaking about: 38165. While 3766 & 3756 are still in place. This market remains very indecisive. *It remains a fact...
And I was wrong for 2 reasons: the first one is that price didn't break downside towards 88.90 zone as I expected. But the second reason, the main one, is that I didn't suggest an alternative plan in case of failure of the possible break.
We were in a daily balance, close to its lower extreme, so balance rules clearly applied there. In case of failure below balance, obviously price will tend to go in the direction of the opposite side of the balance. And I didn't mention it.
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  • #6,192
  • Mar 21, 2018 10:46am Mar 21, 2018 10:46am
Quoting Lock
{quote} And I was wrong for 2 reasons: the first one is that price didn't break downside towards 88.90 zone as I expected. But the second reason, the main one, is that I didn't suggest an alternative plan in case of failure of the possible break. We were in a daily balance, close to its lower extreme, so balance rules clearly applied there. In case of failure below balance, obviously price will tend to go in the direction of the opposite side of the balance. And I didn't mention it.
How are you Sir? I respect your views regardig Cable. Been around and noticed you have't posted for a while. Hope everything is fine!!!!
Kind regards.
  • #6,193
  • Mar 22, 2018 3:01pm Mar 22, 2018 3:01pm
Quoting maurofx
{quote} How are you Sir? I respect your views regardig Cable. Been around and noticed you have't posted for a while. Hope everything is fine!!!! Kind regards.
I'm fine thanks and I hope you're too. I've been forced out for a couple of weeks. Best, L.
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  • #6,194
  • Mar 22, 2018 8:16pm Mar 22, 2018 8:16pm
Quoting Lock
{quote} I'm fine thanks and I hope you're too. I've been forced out for a couple of weeks. Best, L.
miss u mate
just for a cup of coffee...
  • #6,195
  • Mar 23, 2018 7:24am Mar 23, 2018 7:24am
Quoting Lock
{quote} I'm fine thanks and I hope you're too. I've been forced out for a couple of weeks. Best, L.
Waiting for your posts, see you soon, Goodluck
  • #6,196
  • Mar 23, 2018 8:31am Mar 23, 2018 8:31am
Attempted breakout upside from yesterday pit inside session. Balance rules apply

41303 is yesterday pit high (so pit opened with a new gap upside from it): if price will be accepted above 4150 this attempt could be considered a success. At the contrary in case of failure above 41303 and 4150 we could see price going to the opposite side of the balance, meaning 4075 (first step) and then 40563.
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  • #6,197
  • Mar 23, 2018 8:41am Mar 23, 2018 8:41am
Next zone of interest in case of success upside is the old pit gap zone 4174-4189. Then above it we could aim to upper composite poc 5261 (most important level before it is 42323, 2010 year low)

In case of failure instead, we got an impressive series of weaknesses left downside till 3982. (Pit poor low of 20.03)
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  • #6,198
  • Mar 26, 2018 9:06am Mar 26, 2018 9:06am
Quoting Lock
Next zone of interest in case of success upside is the old pit gap zone 4174-4189. Then above it we could aim to upper composite poc 5261 (most important level before it is 42323, 2010 year low) In case of failure instead, we got an impressive series of weaknesses left downside till 3982. (Pit poor low of 20.03)
During Friday pit session attempted a break upside above session balance range high (4150). Anyhow at the end of the day price settled back inside balance. So apparently the break upside failed. Nevertheless today pit session opened far above balance and again in an attempted breakout upside. Furthermore it opened with a new gap upside from Friday high.

Note that this morning GB session went upside up to 42323 (2010 year low) and bounced from it.
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  • #6,199
  • Mar 26, 2018 9:12am Mar 26, 2018 9:12am
Quoting Lock
US index situation... {image}
Note that eventually USD index broke downside as expected... but with a delay of 2 weeks!
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  • #6,200
  • Mar 27, 2018 8:42am Mar 27, 2018 8:42am
4244, today overnight high (tagging yesterday pit high and tagged by today GB high) is extraordinary weak. I'm not saying it has to go there now but I suggest to carry forward this info.
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