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Lock's Cable Corner

  • #6,501
  • Feb 24, 2020 2:29am Feb 24, 2020 2:29am
Note 2935 major composite poc (we are speaking about the yearly major composite poc after brexit)
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  • #6,502
  • Feb 24, 2020 3:46am Feb 24, 2020 3:46am
Quoting Lock
29645 GB weekly close 2954 GB main ref (above) 2896-8 GB main refs below we are inside friday GB session: balance rules apply.
testing main refs 2896-8. Still inside Friday GB session.
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  • #6,503
  • Feb 24, 2020 9:42am Feb 24, 2020 9:42am
It closed the new gap downside almost at the pip: if we will not find acceptation back inside Friday Pit session (above 2932), expect a correction downside toward 28885 (the bottom of the double pass pit gap left downside) or balance.

Quoting Lock
{quote} testing main refs 2896-8. Still inside Friday GB session.
Note today GB session range contained inside Friday GB session: balance rules apply.

Quoting Lock
It closed the new gap downside almost at the pip: if we will not find acceptation back inside Friday Pit session (above 2932), expect a correction downside toward 28885 (the bottom of the double pass pit gap left downside) or balance.
Note anyhow that price is above pit December low 2909: any meaningful correction downside will need acceptation below it. If we will not see acceptation above 2932 nor below 2909 we will have balance.

In case of acceptation above 2932 we could instead try to remove 2981 Friday pit high eventually retesting 2972-75 major pit refs upside.
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  • #6,504
  • Feb 24, 2020 10:00am Feb 24, 2020 10:00am
Four periods up and down open level: huge indecision here.
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  • #6,505
  • Feb 24, 2020 10:15am Feb 24, 2020 10:15am
Quoting Lock
It closed the new gap downside almost at the pip: if we will not find acceptation back inside Friday Pit session (above 2932), expect a correction downside toward 28885 (the bottom of the double pass pit gap left downside) or balance....
2932 tested twice and both failed but leaving a very poor high just there.

Quoting Lock
Note anyhow that price is above pit December low 2909: any meaningful correction downside will need acceptation below it. If we will not see acceptation above 2932 nor below 2909 we will have balance. In case of acceptation above 2932 we could instead try to remove 2981 Friday pit high eventually retesting 2972-75 major pit refs upside.
Now let's see if it will test 2909 or not. Poor low too btw.
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  • #6,506
  • Feb 24, 2020 11:10am Feb 24, 2020 11:10am
Note F period high exactly at open level..
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  • #6,507
  • Feb 24, 2020 11:15am Feb 24, 2020 11:15am
Quoting Lock
Four periods up and down open level: huge indecision here.
..six periods up and down open...
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  • #6,508
  • Feb 24, 2020 12:05pm Feb 24, 2020 12:05pm
Quoting Lock
It closed the new gap downside almost at the pip: if we will not find acceptation back inside Friday Pit session (above 2932), expect a correction downside toward 28885 (the bottom of the double pass pit gap left downside) or balance. {quote} ....
Retesting 2932: note that in any case for a significant action upside we should have acceptation above 2942 too. So watch out.
Note that after the failure of the first 2 attempts we remained in balance for almost 7 periods..
Finally note that we are at major yearly poc..
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  • #6,509
  • Feb 24, 2020 12:31pm Feb 24, 2020 12:31pm
The little H period is an inside one: balance rules apply.
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  • #6,510
  • Feb 25, 2020 1:24am Feb 25, 2020 1:24am

  1. Yesterday GB session remained inside Friday GB range 2884-29515: today balance rules will apply.
  2. We have a GB double pass gap upside at 29515-2955.
  3. We have three poor highs above: Asia 2943 Asia 2955 and Pit 2981.
  4. And we have 4 poor lows downside: Pit 29125 preUS 2899 GB 2886.
  5. Both Asia 2955 and GB 2886 are weekly poor high and low.
  6. Current February low is very weak at 2849.
  7. Price is below GB major refs 2954 and 2985 and above GB major ref 2898.
  8. Price rotated all night long around major yearly poc at 2936.
  9. Yesterday GB close is at 2922.

In a word, we are in a perfect balance.

All poor-weak lows and highs are possible targets, while all major GB refs are possible support or resistance: trade accordingly based upon balance rules.

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  • #6,511
  • Feb 25, 2020 1:35am Feb 25, 2020 1:35am
On a monthly base we are still in an attempted break below January inside month low 2954: take this into your consideration as of any info here this is the most valuable.

On a weekly base we are one time framing lower for the third week: this is the second most important info.

On a daily base as written in the previous post we are in balance: and this is the third main info.

So if we will not gain acceptation back inside Jan range (above 2954), if the weekly trend downside will not be interrupted (going above 3051 last week GB high), then odds are in favor for continuation downside on a weekly and monthly base.
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  • #6,512
  • Feb 25, 2020 1:48am Feb 25, 2020 1:48am
Possible scenarios:
open, remove the double pass gap 29515-2955 fail at 2954 or 2985 and retrace back downside.
open, remove double pass 29515-2955 gain acceptation back above 2954 and 2985 and continue higher.
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  • #6,513
  • Feb 25, 2020 2:53am Feb 25, 2020 2:53am
29645 last week GB close
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  • #6,514
  • Feb 25, 2020 7:34am Feb 25, 2020 7:34am
Quoting Lock
Possible scenarios: open, remove the double pass gap 29515-2955 fail at 2954 or 2985 and retrace back downside. open, remove double pass 29515-2955 gain acceptation back above 2954 and 2985 and continue higher.



looks like this one will happen lets see

trade safe
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #6,515
  • Feb 26, 2020 12:55am Feb 26, 2020 12:55am
Quoting Almo2312
{quote}[/highlight][/u][/b] looks like this one will happen lets see trade safe
Actually GB failed above 2985 and retraced back exactly to 2954. Then PreUS and Pit went upside again to remove the double gap left upside (pit double gap). I mean different participants different tasks and references.

Note that yesterday GB left a minuscule new gap upside (2943-4).
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  • #6,516
  • Edited 1:10am Feb 26, 2020 12:58am | Edited 1:10am
So major refs are the same for today GB session: 2985, 29775, 2954 downside and 30025 yesterday GB close upside (close not unch level that was as said one single pip below 2954.)

And clearly 2935 major yearly poc.

  1. So if we will have acceptation above 2985 and above yesterday GB close 30025 we could aim to correct 30545 (previous Sydney poor week high). In this case note that 3051 last week GB high could be a serious test as if taken out we will interrupt the onetime framing weekly action downside.
  2. If we will not see acceptation above 2985 and 30025 we could expect a new test of 2954 and eventually a full correction downside toward February low 2849.

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  • #6,517
  • Feb 26, 2020 1:12am Feb 26, 2020 1:12am
Note Asia "pre-testing" 2985 and 29775
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  • #6,518
  • Feb 27, 2020 12:35am Feb 27, 2020 12:35am
Quoting Lock
.... If we will not see acceptation above 2985 and 30025 we could expect a new test of 2954 and eventually a full correction downside toward February low 2849.
Yesterday GB clearly rejected above 2985 and we got the retest of 2954 and the correction of some weaknesses left downside. Note Pit session tagged GB major refs 2896-8.

Note also that Pit session was not able to clear the double pass gap (down to 2889). Nor Gb was able to correct 2886 GB weekly poor low (24.02) nor it was able to finish the work removing the very weak monthly low 2849: I think this job could be completed. At the same time we left upside a new poor high 29925 that added weakness to previous ASIA poor high 3008 and Pit poor high 3018.

For upcoming GB session we should mainly consider 2896-8 and 2954 GB major refs, plus 2920 yesterday GB close: acceptation below or above these refs should make our day.

Note 2934 (or 35-36) major yearly poc continuously attracting price in a rotational environment.
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  • #6,519
  • Feb 28, 2020 3:41am Feb 28, 2020 3:41am
I suggest to consider that current new GB poor low at 2861 is one single pip above yesterday GB low.
Main level to consider for acceptation or rejection are: 2896-8, yesterday GB close 2875 and far above our beloved 2954. Obviously take note of the 2934-5-6 major yearly poc
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  • #6,520
  • Feb 28, 2020 3:53am Feb 28, 2020 3:53am
2920 is 02_26 GB close
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