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Lock's Cable Corner

  • #6,721
  • Oct 21, 2020 2:01am Oct 21, 2020 2:01am
Quoting Lock
Monitor for the creation of a new possible GB gap from yesterday GB high at 2980
Quoting Lock
{quote} 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.
GB opened above yesterday GB high 2980: new gap upside
Monitor for preservation or filling of it and monitor for acceptation or rejection above 3000
Ubi maior minor cessat
  • #6,722
  • Oct 21, 2020 2:15am Oct 21, 2020 2:15am
Quoting Lock
......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
30215 highest October GB close: if reached monitor for acceptation or rejection above it.
Ubi maior minor cessat
  • #6,723
  • Oct 21, 2020 3:02am Oct 21, 2020 3:02am
Quoting Lock
{quote} 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.
Acceptation above 3000 and here you are just some pips below 3068...
Ubi maior minor cessat
  • #6,724
  • Oct 21, 2020 8:08am Oct 21, 2020 8:08am
New substantial pit gap upside from yesterday pit high at 29755

From 3143 to 30825 there is an old pit gap downside (09/07-08): it can attract price balancing around this zone.

The only reference downside is the pit September inside week high at 30075: acceptation above it is obviously needed for any serious continuation upside.

This action (Tokyo + GB) left downside a huge amount of anomalies that before or after got to be corrected: carry forward this information.
Ubi maior minor cessat
  • #6,725
  • Oct 21, 2020 8:26am Oct 21, 2020 8:26am
3097 poor high
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  • #6,726
  • Oct 21, 2020 8:42am Oct 21, 2020 8:42am
Quoting Lock
3097 poor high
3097 taken out.
Ubi maior minor cessat
  • #6,727
  • Oct 21, 2020 9:02am Oct 21, 2020 9:02am
Quoting Lock
.... From 3143 to 30825 there is an old pit gap downside (09/07-08): it can attract price balancing around this zone. ....
As you see price went from 30825 to 3143 and is now balancing in the middle...
Ubi maior minor cessat
  • #6,728
  • Oct 21, 2020 9:14am Oct 21, 2020 9:14am
Well, whatever it's going to do now I'm not interested anymore. Have a nice trading.
Ubi maior minor cessat
  • #6,729
  • Oct 21, 2020 11:34am Oct 21, 2020 11:34am
For tomorrow, in case this upside action will continue, consider that 3194 is 2019 GB close (equal to January GB close) and 32595 is Pit 2019 close while 3209 is Pit January unch. Note also that just a couple of pips below 3209 there is a Tokyo poor high (2020/09/07 Tokyo session).

All these levels are clearly very important if reached, acceptation or rejection above them will be the main thing to consider if reached.
Ubi maior minor cessat
  • #6,730
  • Oct 21, 2020 11:54am Oct 21, 2020 11:54am
Amazing movements today in market! Whole day today I couldn’t reply or post on forex factory I guess their system was still down, but thank you for posting your analysis I kept close watch on the levels yesterday and today boom 200+ up movements


oh it got posted I tried whole day to post it wouldn’t let me I knew something was wrong with this website
  • #6,731
  • Oct 21, 2020 12:23pm Oct 21, 2020 12:23pm
Hi Pixie try with a vpn for forexfactory.

PS: for averyone: 3340 is the last 4 year value area top (from brexit break) Major things can happen if reached.
Ubi maior minor cessat
  • #6,732
  • Oct 21, 2020 12:32pm Oct 21, 2020 12:32pm
Quoting Lock
Hi Pixie try with a vpn for forexfactory. PS: for averyone: 3340 is the last 4 year value area top (from brexit break) Major things can happen if reached.
Thanks for the Tip it works
  • #6,733
  • Oct 21, 2020 12:47pm Oct 21, 2020 12:47pm
3227 btw is obviously the 2016 brexit low...

While the bell curve is forming price goes up and down: resistance or support generally occur at the top or the bottom (respectively) of the value area.

Unless the bell curve is mature for an initiative trade (upside or downside evading the already formed bell curve) odds are in favor to balance from top to bottom of the value area and viceversa.

So in our situation we are very close to the top of the value area of the major monthly NOT MATURE bell curve: a good opportunity to sell, unless something exceptional will occur.

Have a look to current major situation on a monthly market profile:
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-10-21_10-25-08_TPO monthly.png Size: 74 KB
Ubi maior minor cessat
  • #6,734
  • Oct 21, 2020 12:49pm Oct 21, 2020 12:49pm
Quoting Pixie666
Amazing movements today in market! Whole day today I couldn’t reply or post on forex factory I guess their system was still down, but thank you for posting your analysis I kept close watch on the levels yesterday and today boom 200+ up movements oh it got posted I tried whole day to post it wouldn’t let me I knew something was wrong with this website
FF was down earlier in the day.

You can always check if a site/FF is down via this website: https://www.isitdownrightnow.com/forexfactory.com.html.
I will tear the world apart for you.
  • #6,735
  • Oct 21, 2020 2:16pm Oct 21, 2020 2:16pm
Quoting Barnell
{quote} FF was down earlier in the day. You can always check if a site/FF is down via this website: https://www.isitdownrightnow.com/forexfactory.com.html.
Thank you I will note that one
  • #6,736
  • Oct 22, 2020 1:52am Oct 22, 2020 1:52am

  1. Weekly and daily trend upside, monthly balance.
  2. Tokyo into full balance: PL and PH
  3. 31415 is yesterday GB close: our major ref here. Monitor for acceptation below or above it.
  4. New substantial GB gap upside form yesterday: if not filled quickly, odds are in favor to continuation upside or balance.
  5. If it will fill it we could see a substantial correction downside. Toward 2935 major composite poc.
  6. If not we could see a retest of the major references upside like: 3194, 3227, 3230 and so on.
  7. Remember always the top of the major value area on the bigger perspective: 3340 if reached.

Ubi maior minor cessat
  • #6,737
  • Oct 22, 2020 2:28am Oct 22, 2020 2:28am
Quoting Lock
Weekly and daily trend upside, monthly balance. Tokyo into full balance: PL and PH 31415 is yesterday GB close: our major ref here. Monitor for acceptation below or above it. ...
31415 here we are monitor for acceptation or rejection above it.
Ubi maior minor cessat
  • #6,738
  • Oct 22, 2020 3:24am Oct 22, 2020 3:24am
Quoting Lock
{quote} 31415 here we are monitor for acceptation or rejection above it.
note C period high exactly at yesterday GB close 31415: weak money
Also note Sydney poor high at 3152 and Gb back to back with Tokyo high at round number 3150: very weak money selling.
This does not mean it cannot go lower, it means that those who sold at those exact levels are weak money and in case of strong reaction we could see them wiped easily.
Ubi maior minor cessat
  • #6,739
  • Oct 22, 2020 4:37am Oct 22, 2020 4:37am
30725 is the new GB gap base: if something has to happen is around here. If we will get acceptation back inside yesterday GB range, everything can change. If not I suppose a correction upside is very possible.
Ubi maior minor cessat
  • #6,740
  • Oct 22, 2020 5:11am Oct 22, 2020 5:11am
Also: extremely low volume going downside. Watch out. I repeat it here: this does not mean it cannot continue lower it means that those who are selling are for now weak money.
Ubi maior minor cessat
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