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Lock's Cable Corner

  • #6,701
  • Oct 19, 2020 7:04am Oct 19, 2020 7:04am
Quoting Lock
{quote} A period closed below 30075. Let's see B period.
what is the next station about GBP
  • #6,702
  • Oct 19, 2020 7:28am Oct 19, 2020 7:28am
B period low at open, B period high exactly at 30075: very weak money
Ubi maior minor cessat
  • #6,703
  • Oct 19, 2020 7:31am Oct 19, 2020 7:31am
Quoting Abeeha
{quote} what is the next station about GBP
what do you intend for "station"?
Ubi maior minor cessat
  • #6,704
  • Oct 19, 2020 7:31am Oct 19, 2020 7:31am
B inside period: balance rules apply. Note C low exactly at hb: weak money confirmed
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  • #6,705
  • Oct 19, 2020 7:34am Oct 19, 2020 7:34am
Quoting Lock
B inside period: balance rules apply. Note C low exactly at hb: weak money confirmed
Attempted rally upside: very weak structure supporting it: watch out! 30075 is crucial. If rejected all the way back downside.
Ubi maior minor cessat
  • #6,706
  • Oct 19, 2020 7:37am Oct 19, 2020 7:37am
Quoting Lock
{quote} Attempted rally upside: very weak structure supporting it: watch out! 30075 is crucial. If rejected all the way back downside.
and here you are at the opposite side of B period after rejection of 30075...
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  • #6,707
  • Oct 19, 2020 7:39am Oct 19, 2020 7:39am
Now considering that current pit session is an attempted break from Friday pit range, the only way to evaluate it as a failure is to find acceptation back inside Friday range. If not we could have balance right here or continuation upside...
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  • #6,708
  • Oct 19, 2020 7:48am Oct 19, 2020 7:48am
Quoting Lock
B inside period: balance rules apply. Note C low exactly at hb: weak money confirmed
station means up or down sides
  • #6,709
  • Oct 19, 2020 8:27am Oct 19, 2020 8:27am
We got no acceptation above 30075. If this will be an other inside period we will have again balance rules applied.
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  • #6,710
  • Oct 19, 2020 8:31am Oct 19, 2020 8:31am
Quoting Abeeha
{quote} station means up or down sides
...who knows. But I suggest to take the market a piece at a time. Collect market generated information anf then follow odds. As I wrote eralier in order to continue higher acceptation above 30075 is clearly needed. And we didn't get it. At the same time we have a gap upside, unfilled for now.
If it break below monitor for continuation and if it will fail a new test of 30075 is possible. If instead you will see continuation the new gap could be filled and we could find price back inside friday range.
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  • #6,711
  • Oct 19, 2020 8:34am Oct 19, 2020 8:34am
Attempted break downside from D inside period . If it will fail all the way back upside to re test 30075. If it will succeed we could see 2935 and more.
Ubi maior minor cessat
  • #6,712
  • Oct 19, 2020 9:05am Oct 19, 2020 9:05am
Quoting Lock
Attempted break downside from D inside period . If it will fail all the way back upside to re test 30075. If it will succeed we could see 2935 and more.
It failed and here we are again a couple of pips below 30075. Now let's see if it will be able to break upside . If so, next target is 30675. If it will fail again upside I suppose we could end this session into balance.
Ubi maior minor cessat
  • #6,713
  • Oct 19, 2020 9:32am Oct 19, 2020 9:32am
Well it didn't even test it (30075). At this moment in time a liquidation is not impossible. Let's see.
In any case I'm off. Too tired.
Ubi maior minor cessat
  • #6,714
  • Oct 19, 2020 10:59pm Oct 19, 2020 10:59pm
Quoting Lock
Well it didn't even test it (30075). At this moment in time a liquidation is not impossible. Let's see. In any case I'm off. Too tired.
It eventually liquidated everything, down to major POC 2935

Now consider this:

  1. we got 2 back to back Tokyo poor lows (2935 and 2922),
  2. 2 BtB Pit PL (2860 and 2860),
  3. 2090 is also tagged by a Sydney PL,
  4. and finally we got Friday GB session tagging Wednesday GB session around 2860

Everything is possible but in my opinion at least some of these weaknesses got to be removed before to think at a new attempt toward 3068

And in any case, even if something exceptional will first move the market upside you will have a very good opportunity in the next future because before or after all these weak level will be cleaned.

Ubi maior minor cessat
  • #6,715
  • Oct 20, 2020 12:07pm Oct 20, 2020 12:07pm
Quoting Lock
{quote} It eventually liquidated everything, down to major POC 2935 Now consider this: we got 2 back to back Tokyo poor lows (2935 and 2922), 2 BtB Pit PL (2860 and 2860), 2090 is also tagged by a Sydney PL, and finally we got Friday GB session tagging Wednesday GB session around 2860 Everything is possible but in my opinion at least some of these weaknesses got to be removed before to think at a new attempt toward 3068 And in any case, even if something exceptional will first move the market upside you will have a very good opportunity in the next...
Missed this post ! Website was down full day so I didn’t trade, very lightly.

Much appreciation for the above levels
  • #6,716
  • Oct 20, 2020 10:21pm Oct 20, 2020 10:21pm
Quoting Pixie666
{quote} Missed this post ! Website was down full day so I didn’t trade, very lightly. Much appreciation for the above levels
The strange thing is that even this morning I've been able to access forexfactory only via vpn.
Btw yesterday was full of interesting events. It's a pity.
Ubi maior minor cessat
  • #6,717
  • Oct 20, 2020 10:27pm Oct 20, 2020 10:27pm
Quoting Lock
{quote} The strange thing is that even this morning I've been able to access forexfactory only via vpn. Btw yesterday was full of interesting events. It's a pity.
Hello boss tell us about gbpusd
  • #6,718
  • Oct 20, 2020 10:45pm Oct 20, 2020 10:45pm
Quoting Abeeha
{quote} Hello boss tell us about gbpusd
Good morning Abeeha,
We are in a monthly balance, weekly and daily trend upside.
The attempted Pit break upside from inside session failed yesterday as pit session close back inside previous inside session range.
We got numerous unsolved weaknesses left downside, including today Sydney PL at 2935 we also have:

  1. Sydney PL at 2890 (that tag a previous Pit PL at the same level)
  2. Back to back GB lows at 2861 just a pip above an other Pit poor low at 2960 (this means that pit has a monthly poor low as 2960 is the lowest low of any pit session during October.
  3. Finally we got a Tokyo PL at 2836 that is also a monthly poor low (for tokyo sessions).

All these weaknesses indicate that before or after market should go down to clean them, especially considering the monthly poor lows that are very uncommon.
The problem is that we also have very weak levels upside, especially the very weak multiple tag at 3068 (Sydney, Tokyo and GB highs at the same level. )
Without this last data odds are all in favor to a correction downside.
We could see a correction upside and then the cleaning of all the weaknesses downside or viceversa. This is my opinion.

Main levels to consider in the upcoming GB session are (above):
GB september inside week high 3000
GB highest october close at 30215
While downside:
yesterday GB close at 2950
yesterday GB high at 2980
29185 September GB close

Ubi maior minor cessat
  • #6,719
  • Oct 20, 2020 11:16pm Oct 20, 2020 11:16pm
Monitor for the creation of a new possible GB gap from yesterday GB high at 2980
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  • #6,720
  • Oct 20, 2020 11:31pm Oct 20, 2020 11:31pm
Quoting Lock
.... Main levels to consider in the upcoming GB session are (above): GB september inside week high 3000GB highest october close at 30215 While downside: yesterday GB close at 2950 yesterday GB high at 2980 29185 September GB close
Here we are at 3000: monitor for acceptation or rejection above it. If rejection all the way back downside toward 2935 (major composite poc). If acceptation 3068 is possible.
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