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Lock's Cable Corner

  • #6,661
  • Oct 16, 2020 12:24am Oct 16, 2020 12:24am
Quoting Lock
{quote} Note GB open exactly at yesterday close 2916
Yes ! Interesting during Asian market low I was more inclined for more downside but this GB open got my view turned
  • #6,662
  • Oct 16, 2020 12:52am Oct 16, 2020 12:52am
2930 yesterday GB spike base: monitor for acceptation or rejection above it.
Ubi maior minor cessat
  • #6,663
  • Oct 16, 2020 2:02am Oct 16, 2020 2:02am
D and E periods both bought at half back (currently 2927): very weak money involved here. Watch out.
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  • #6,664
  • Oct 16, 2020 2:08am Oct 16, 2020 2:08am
And btw: did you noticed that price has been up and down major composite poc 2935 for almost half an hour?
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  • #6,665
  • Oct 16, 2020 2:12am Oct 16, 2020 2:12am
Quoting Lock
And btw: did you noticed that price has been up and down major composite poc 2935 for almost half an hour?
Yes you’re right, been observing 5min chart it’s back and forth 2935
  • #6,666
  • Oct 16, 2020 2:17am Oct 16, 2020 2:17am
Quoting Lock
D and E periods both bought at half back (currently 2927): very weak money involved here. Watch out.
2927 half back weak buyers just punished...
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  • #6,667
  • Oct 16, 2020 2:28am Oct 16, 2020 2:28am
Now, as we said the daily refs were 2909 and 2916, plus yesterday spike base 2930 and we got acceptation above all of them.
As a conflicting info we got the numerous poor lows and anomalies left downside, like today Tokyo poor low at 2883.

This stall is probably due to the upcoming pre US news. But in any case I suggest to take into serious consideration also a significant level: September GB close at 29186. Now, unless we will clearly see acceptation below it, at least during current GB session, odds are still in favor to balance or continuation upside.

If instead we will have acceptation below 29186 a totally new scenario can unfold.
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  • #6,668
  • Oct 16, 2020 3:17am Oct 16, 2020 3:17am
For upcoming preUS and Pit sessions the main refs around here are clearly Sept unch 2932 and yesterday unch at 2904

In case of acceptation above them we could imagine an attempt to correct the multi-pass gap zone at 2994-30075 (where 30075 is Sept Pit inside week high) and eventually the correction of weaknesses up to 3034 (if we will find acceptation above 30075)

In case of clear rejection above 2932 and 2904 we could instead see the correction of some of (or all) the anomalies left downside with a possible test of Sept inside week low 2841

It's a very weak market, with both targets above and below and upcoming news in an emotional situation: I suggest to be extremely cautious.
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  • #6,669
  • Oct 16, 2020 5:09am Oct 16, 2020 5:09am
Quoting Lock
.... It's a very weak market, with both targets above and below and upcoming news in an emotional situation: I suggest to be extremely cautious.
Sometime market generated information have the sole purpose to avoid problems..
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  • #6,670
  • Oct 16, 2020 5:11am Oct 16, 2020 5:11am
Quoting Lock
For upcoming preUS and Pit sessions the main refs around here are clearly Sept unch 2932* and yesterday unch at 2904 ......
Note PreUS period A high exactly tagging 2932*: still weak participants

NOTE: for unknown reasons I wrote 32 instead of 23 (this one being the correct one obviously)
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  • #6,671
  • Oct 16, 2020 5:16am Oct 16, 2020 5:16am
subscribed!
PATIENCE AND DISCIPLINE!
  • #6,672
  • Oct 16, 2020 5:23am Oct 16, 2020 5:23am
Quoting harold1
subscribed!
Welcome to the thread, this is a hidden gem of info I can tell you that much, Lock’s insight are out of the ordinary !
  • #6,673
  • Oct 16, 2020 7:25am Oct 16, 2020 7:25am
Well, thank you both: for the subscription and for the compliments!
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  • #6,674
  • Oct 16, 2020 7:26am Oct 16, 2020 7:26am
Quoting Lock
{quote} Note PreUS period A high exactly tagging 2932*: still weak participants NOTE: for unknown reasons I wrote 32 instead of 23 (this one being the correct one obviously)
Note the importance of 2923...
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  • #6,675
  • Oct 16, 2020 7:28am Oct 16, 2020 7:28am
I mean, in order to go upside we need acceptation above 2923 and 2904. If not we could have balance or a new test downside toward 2860
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  • #6,676
  • Oct 16, 2020 7:30am Oct 16, 2020 7:30am
Note that we are inside yesterday pit range: we are in balance.
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  • #6,677
  • Oct 16, 2020 7:40am Oct 16, 2020 7:40am
Note B period low exactly at open 29015. If we will not see acceptation above 2923, watch out
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  • #6,678
  • Oct 16, 2020 8:34am Oct 16, 2020 8:34am
D inside period: balance rules apply.
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  • #6,679
  • Oct 16, 2020 8:36am Oct 16, 2020 8:36am
Quoting Lock
D inside period: balance rules apply.
GBP close upside or downside?
  • #6,680
  • Oct 16, 2020 8:52am Oct 16, 2020 8:52am
Quoting Abeeha
{quote} GBP close upside or downside?
I'm sorry I do not understand your question.
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