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Lock's Cable Corner

  • #6,821
  • Oct 27, 2020 7:00am Oct 27, 2020 7:00am
Quoting Lock
{quote} ...in case of acceptation, considering the market participants, we also have 3050 and 3068, before to even think at yes GB high 30745... ...in case of acceptation above 3039, I repeat it.
Monitor for acceptation above 3050.

Pre US opened here. just a couple of pips below yes pre US open...
Ubi maior minor cessat
  • #6,822
  • Oct 27, 2020 9:12am Oct 27, 2020 9:12am
30445 last week pit unch: it's a crucial level, monitor for acceptation or rejection above it. In case of acceptation 30745 and 3116 are both possible. In case of rejection we could have balance or correction toward this morning weaknesses left downside.
Ubi maior minor cessat
  • #6,823
  • Oct 27, 2020 9:27am Oct 27, 2020 9:27am
If this is a good liquidation (acceptation below last week unch 30445 ) we could aim at 29945 yesterday poor and weak low. Next level to check 3019 yesterday pit unch.
Ubi maior minor cessat
  • #6,824
  • Oct 27, 2020 9:30am Oct 27, 2020 9:30am
Quoting Lock
If this is a good liquidation (acceptation below last week unch 30445 ) we could aim at 29945 yesterday poor and weak low. Next level to check 3019 yesterday pit unch.
Note anyhow that current action is still in the hands of weak money (A period high exactly at round number 3050): carry this information forward.
Ubi maior minor cessat
  • #6,825
  • Oct 27, 2020 9:37am Oct 27, 2020 9:37am
Quoting Lock
If this is a good liquidation (acceptation below last week unch 30445 ) we could aim at 29945 yesterday poor and weak low. Next level to check 3019 yesterday pit unch.
I must admit it: a liquidation toward 29945 looks nice and clean. But I want to stress it more and more: this market is ruled by very weak money. Bigger operators know this simple fact and can revert any action easily. So watch out.
Ubi maior minor cessat
  • #6,826
  • Oct 27, 2020 10:01am Oct 27, 2020 10:01am
C inside period: balance rules apply.
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  • #6,827
  • Oct 27, 2020 10:10am Oct 27, 2020 10:10am
Quoting Lock
{quote} Note anyhow that current action is still in the hands of weak money (A period high exactly at round number 3050): carry this information forward.
and here we are at 3050...
Ubi maior minor cessat
  • #6,828
  • Oct 27, 2020 10:12am Oct 27, 2020 10:12am
Quoting Lock
C inside period: balance rules apply.
Attempted rally above C period high: monitor for continuation. Acceptation above 3050 needed. Next level (possible) 30745. If rejection above 3050 all the way back to 3027 current poor low.
Ubi maior minor cessat
  • #6,829
  • Oct 27, 2020 10:21am Oct 27, 2020 10:21am
3059 preUS high obviously need to be reached and accepted... for serious continuation upside.
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  • #6,830
  • Oct 27, 2020 10:47am Oct 27, 2020 10:47am
yesterday morning I wrote this:

Quoting Lock
{quote} Note that current high, as a tag of an already weak reference 30745, is a very weak one. We can see balance, we can see even liquidation from here. But this high is not a good one. Btw for those who follow me: have a look at the development of the opportunity I was speaking about in that "big" post...
And here we are at 30745...

Btw, as mentioned: if you like have a look at this previous post
Ubi maior minor cessat
  • #6,831
  • Oct 27, 2020 11:06am Oct 27, 2020 11:06am
Quoting Lock
30445 last week pit unch: it's a crucial level, monitor for acceptation or rejection above it. In case of acceptation 30745 and 3116 are both possible. In case of rejection we could have balance or correction toward this morning weaknesses left downside.
Now in order to continue toward 3116 we clearly need acceptation above 30745. Always carry forward all the information we got downside and always take this market a piece at a time.
Ubi maior minor cessat
  • #6,832
  • Oct 27, 2020 11:29am Oct 27, 2020 11:29am
It looks like F is going to be an other inside period: if so balance rules will apply again.
Ubi maior minor cessat
  • #6,833
  • Oct 27, 2020 12:00pm Oct 27, 2020 12:00pm
Quoting Lock
yesterday morning I wrote this: {quote} And here we are at 30745... Btw, as mentioned: if you like have a look at this previous post
Bravo ! But i missed this rally up
  • #6,834
  • Oct 27, 2020 12:01pm Oct 27, 2020 12:01pm
Quoting Lock
{quote} Now in order to continue toward 3116 we clearly need acceptation above 30745. Always carry forward all the information we got downside and always take this market a piece at a time.
Marking this level for quick 40 pips downstairs if it permits otherwise
  • #6,835
  • Oct 27, 2020 12:02pm Oct 27, 2020 12:02pm
Quoting Lock
It looks like F is going to be an other inside period: if so balance rules will apply again.
Attempted rally from inside period G (inside period F)
Ubi maior minor cessat
  • #6,836
  • Oct 27, 2020 12:04pm Oct 27, 2020 12:04pm
Quoting Pixie666
{quote} Marking this level for quick 40 pips downstairs if it permits otherwise
well in case of rejection above 30745 is possible. Also considering the huge weaknesses left downside. In Any case take this market a piece at a time.
Ubi maior minor cessat
  • #6,837
  • Oct 27, 2020 12:08pm Oct 27, 2020 12:08pm
Quoting Lock
{quote} well in case of rejection above 30745 is possible. Also considering the huge weaknesses left downside. In Any case take this market a piece at a time.
I mean: for isntance right now, monitor for success or failure of this attempted rally. If it will succeed we could continue higher toward 3116. If it will fail we could have balance or liquidation toward 30445 and more.
Ubi maior minor cessat
  • #6,838
  • Oct 27, 2020 12:10pm Oct 27, 2020 12:10pm
Quoting Lock
{quote} I mean: for isntance right now, monitor for success or failure of this attempted rally. If it will succeed we could continue higher toward 3116. If it will fail we could have balance or liquidation toward 30445 and more.
Yes can go both ways, both side looking for 40pip
Level marked 30745 watching like a hawk
will trade either way which ever brings first
  • #6,839
  • Oct 27, 2020 12:10pm Oct 27, 2020 12:10pm
Also take into consideration current poc position. In order to continue higher you want to see it to migrate upside.
Ubi maior minor cessat
  • #6,840
  • Oct 28, 2020 12:15am Oct 28, 2020 12:15am
Quoting Lock
{quote} I mean: for isntance right now, monitor for success or failure of this attempted rally. If it will succeed we could continue higher toward 3116. If it will fail we could have balance or liquidation toward 30445 and more.
Pit failed and liquidated closing just some pips above 30445... Sydney complete the job going below 3027
Ubi maior minor cessat
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