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Lock's Cable Corner

  • #6,881
  • Oct 28, 2020 10:20am Oct 28, 2020 10:20am
Quoting Lock
Note that if we cannot find acceptation back above 30075, just tested, we could see 2920 again.
here we are again at 30075: let's see. If acceptation we could aim at 3064. If rejection back to 2975
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  • #6,882
  • Oct 28, 2020 10:29am Oct 28, 2020 10:29am
Quoting Lock
{quote} here we are again at 30075: let's see. If acceptation we could aim at 3064. If rejection back to 2975
Great info boss, keep it going, always pleasuring
  • #6,883
  • Oct 28, 2020 10:36am Oct 28, 2020 10:36am
Quoting Lock
{quote} here we are again at 30075: let's see. If acceptation we could aim at 3064. If rejection back to 2975
Thanks for the heads up captain!
I will tear the world apart for you.
  • #6,884
  • Oct 28, 2020 11:28am Oct 28, 2020 11:28am
Quoting Lock
{quote} here we are again at 30075: let's see. If acceptation we could aim at 3064. If rejection back to 2975
It failed again above 30075 and here we are at 2975. Market generated information could not care less of volatility...
Now, again: in order to continue lower we need acceptation below 2975. If not balance or new test of 30075.
In case of acceptation below 2975 we could aim at 2935 again and maybe 2922 test.
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  • #6,885
  • Oct 28, 2020 1:26pm Oct 28, 2020 1:26pm
Quoting Lock
2975-29945 is the old pit gap upside: take note as if pit will open below it it will become a double pass gap (a zone of price attraction). And, who know, maybe GB participants could be aware of this fact.
Note how could a simple notation become so important during the development of a session...
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  • #6,886
  • Oct 28, 2020 7:32pm Oct 28, 2020 7:32pm
Quoting Lock
{quote} Note how could a simple notation become so important during the development of a session...
Yes this notation alwayz fascinated me I still have a long way to learn about session developments but I am on the right path!
  • #6,887
  • Oct 29, 2020 1:37am Oct 29, 2020 1:37am
Yesterday has been a textbook. We understood the real options market had, we evaluated correctly the references to consider in order to have an edge against our competitors and finally we were able to interpret correctly the market behavior when price encountered such refs. We also have been lucky. And it's not always like that.

Now, we are in a monthly balance a weekly trend upside (all sessions) a daily trend downside.

 

  1. For upcoming GB session in order to stop the daily trend downside we only have to take out yesterday high at 3032, during the GB session. If so we will go in a daily balance. If not consider this daily trend still active.
  2. Instead in order to interrupt the current weekly trend upside, we should take out last GB week low at 29185.

Yesterday, for instance, pit session failed to take out its respective week low at 2920 that was only tested by preUS and as a consequence of such failure the pit weekly trend upside is still active (and btw this is the reason I insisted to consider the pit gap as a possible consistent zone of balance: because I know the trend was still up.)

Also, yesterday we entirely removed the weak refs left downside during last week rally upside: as written yesterday we were searching a sequence. We asked ourselves: are we going up or down as a first move as we have very weak refs both upside and downside. Now we know that the lower refs are gone and then we could imagine the next direction.

So: are we sure market is going to aim at 3152 zone, now that we removed the weaknesses downside? No.
What are we going to do in order to evaluate odds? We will take into considerations the main refs.
that are for GB:

 

  1. yes open 3030
  2. yes high 3032
  3. 3000 (September GB inside week high)
  4. yes close 29965

If we will see price accepted above such refs we could start to think at 3152. If not expect balance or a test of GB prev week low at 29185.

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  • #6,888
  • Oct 29, 2020 1:40am Oct 29, 2020 1:40am
Quoting Lock
Yesterday has been a textbook. We understood the real options market had, we evaluated correctly the references to consider in order to have an edge against our competitors and finally we were able to interpret correctly the market behavior when price encountered such refs. We also have been lucky. And it's not always like that. Now, we are in a monthly balance a weekly trend upside (all sessions) a daily trend downside. For upcoming GB session in order to stop the daily trend downside we only have to take out yesterday high at 3032, during the...

Yes I am all set for GB session
looking for some leg downstairs but watching levels accordingly and taking pips
  • #6,889
  • Oct 29, 2020 1:47am Oct 29, 2020 1:47am
Quoting Lock
We are in a monthly balance, weekly trend upside and daily balance* *daily balance if you consider the entire daily range from Sydney open to Pit close. Yesterday GB session is an inside one: its range is contained inside previous GB session: balance rules apply today. Yesterday GB range is 3001 - 3051 Previous session range is 29945 - 3075 An attempted rally will occur above 3051, while an attempted break will occur below 3001. If it will attempt upside the main test will be at 3075, if downside the main test will be at 29945. If it will fail in...
Also remember what we wrote yesterday:

  1. Yesterday GB range is 3001 - 3051
  2. Previous session range is 29945 - 3075

we failed the attempt downside? Gb closed below previous sessions lows and below the inside session low. But then other market participants acted against such attempt and currently we are back inside previous inside session range (3001-3051).
Now, if this rejection of yesterday GB attempt downside will be confirmed by next GB participants, the natural direction should be the opposite side of previous balance: meaning 3051-3075
If not a new attempt downside could be performed but: GB participants know now that other market participants rejected yesterday such option, so if they will attempt that action again, they will risk definitely more than yesterday. Is it clear?

Ubi maior minor cessat
  • #6,890
  • Oct 29, 2020 1:53am Oct 29, 2020 1:53am
Quoting Lock
{quote} Also remember what we wrote yesterday: Yesterday GB range is 3001 - 3051 Previous session range is 29945 - 3075 we failed the attempt downside? Gb closed below previous sessions lows and below the inside session low. But then other market participants acted against such attempt and currently we are back inside previous inside session range (3001-3051). Now, if this rejection of yesterday GB attempt downside will be confirmed by next GB participants, the natural direction should be the opposite side of previous...

Okay all clear Sir Watching next attempt
  • #6,891
  • Oct 29, 2020 2:06am Oct 29, 2020 2:06am
Note Tokyo pre testing

  1. 3000 (September GB inside week high and also last GB inside session low...)
  2. yes GB close 29965

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  • #6,892
  • Oct 29, 2020 2:51am Oct 29, 2020 2:51am
Know what to expect from a market: if GB will open inside yesterday GB range you can expect balance, at least initially as this means that yesterday prices have been accepted by other market participants. It's not a rule, is only common sense.
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  • #6,893
  • Oct 29, 2020 3:02am Oct 29, 2020 3:02am
GB opened inside yesterday range just some pips above yesterday GB close 29965 and immediately tagged 3000 previous inside session range low...
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  • #6,894
  • Oct 29, 2020 3:05am Oct 29, 2020 3:05am
Quoting Lock
GB opened inside yesterday range just some pips above yesterday GB close 29965 and immediately tagged 3000 previous inside session range low...
Testing yes close
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  • #6,895
  • Oct 29, 2020 3:10am Oct 29, 2020 3:10am
Up and down open level, exact test of yes close: who is ruling such a market?
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  • #6,896
  • Oct 29, 2020 3:13am Oct 29, 2020 3:13am
Quoting Lock
Up and down open level, exact test of yes close: who is ruling such a market?
Not sure at this point, no clear direction for me yet just watching
  • #6,897
  • Oct 29, 2020 3:56am Oct 29, 2020 3:56am
Now, we got what expected: balance.
Current low is poor and we also have a Sydney poor low at 29785. Current B high is a test of yes close 29965.
This means that the market is ruled by weak money.
Anyhow, we are looking for acceptation or rejection below yes close 29965. So act accordingly.
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  • #6,898
  • Oct 29, 2020 3:59am Oct 29, 2020 3:59am
B inside period: balance rules
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  • #6,899
  • Oct 29, 2020 4:13am Oct 29, 2020 4:13am
Quoting Lock
B inside period: balance rules
rally upside leaving downside back to back poor lows around 29785-81
If it's serious we could aim at yesterday GB open 3030 if not all the way back toward poor lows
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  • #6,900
  • Oct 29, 2020 4:28am Oct 29, 2020 4:28am
Quoting Lock
{quote} rally upside leaving downside back to back poor lows around 29785-81 If it's serious we could aim at yesterday GB open 3030 if not all the way back toward poor lows
Before yes open 3030 there's also a very old 30215 ref that could be of some importance: take note. Also take care of Tokyo high just some pips above it.
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