Lock's Cable Corner | Page 351 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Mysterio's Cable Corner -- Key Levels, Price Action & Order Flow 785 replies

Updating stops to lock in profits 3 replies

lock pattern for global variable in MT4 2 replies

Attachments: Lock's Cable Corner
Exit Attachments

Lock's Cable Corner

  • #7,001
  • Nov 2, 2020 4:12am Nov 2, 2020 4:12am
Quoting Lock
{quote} 29185 (GB September close) is the only serious ref before 2939: monitor carefully the reaction at it, if reached.

...I forgot to mention 29315 October GB close btw.. Poor me today...
Ubi maior minor cessat
  • #7,002
  • Nov 2, 2020 4:13am Nov 2, 2020 4:13am
Quoting Lock
{quote} So it went down leaving a very weak high at 2912 and at the first serious ref 28615 it retraced back to it. Now if we managed to correct it the possibility for a further correction upside is substantial (2939) But obviously watch out as GB didn't test October low so we are still in the hands of weak money.
Yes that’s weak money right there
  • #7,003
  • Nov 2, 2020 4:18am Nov 2, 2020 4:18am
Quoting Pixie666
{quote} Yes that’s weak money right there
That's for sure. And I'm in to wipe them at 2939. My only concern is now about a possible reaction below or above 29315 that I forgot to mention earlier. Also I do not like the "no-test" of October low.
Ubi maior minor cessat
  • #7,004
  • Nov 2, 2020 4:20am Nov 2, 2020 4:20am
We have a huge potential upside: this is out of discussion. Clearly I will be more happy if I had seen a more decisive failure downside as written.
Ubi maior minor cessat
  • #7,005
  • Nov 2, 2020 4:24am Nov 2, 2020 4:24am
Also, what ever the result, take note of the fact that current GB session did not take out 2860 pit poor low as only a pit session can do the job. And we are before news. SO watch out if you will not see clear acceptation above 29315
Ubi maior minor cessat
  • #7,006
  • Nov 2, 2020 5:52am Nov 2, 2020 5:52am
Full balance here, balance rules apply. Spike is possible. We got poc migrated higher. Acceptation above 29185. But not still above 29315.
For upcoming pit session the game will be the same with slightly different levels.
Ubi maior minor cessat
  • #7,007
  • Edited 6:20am Nov 2, 2020 5:57am | Edited 6:20am
For upcoming pre US and PIT the refs are:

  1. October unch 29505
  2. September unch 2923 (where we are now btw)
  3. 2860 uncorrected previous PL also October Pit low
  4. October low at 2841 (it coincides with PIT Sept inside week low)

Weaknesses upside are the same as GB: 2939, 29885 etc up to 3150 zone.

Ubi maior minor cessat
  • #7,008
  • Nov 2, 2020 6:11am Nov 2, 2020 6:11am
Quoting Lock
Also, what ever the result, take note of the fact that current GB session did not take out 2860 pit poor low as only a pit session can do the job. And we are before news. SO watch out if you will not see clear acceptation above 29315
Attempted spike and new attempted test of 29315. Watch out above it
Ubi maior minor cessat
  • #7,009
  • Nov 2, 2020 6:23am Nov 2, 2020 6:23am
Now I think that the struggling at 29315 comes from the fact that everyone Knows that current October pit low 2860 is poor and is below current price location. So this attempted spike is unsupported by strong info regarding this issue by pit participants. (and consequently is a risky one)
Ubi maior minor cessat
  • #7,010
  • Nov 2, 2020 6:27am Nov 2, 2020 6:27am
Quoting Lock
For upcoming pre US and PIT the refs are: October unch 29505 September unch 2923 (where we are now btw) 2860 uncorrected previous PL also October Pit low October low at 2841 (it coincides with PIT Sept inside week low) Weaknesses upside are the same as GB: 2939, 29885 etc up to 3150 zone.
  • #7,011
  • Nov 2, 2020 6:30am Nov 2, 2020 6:30am
Made no pips during GB let’s see US Pit I feel because of Election tomorrow we might have tasteless moves today
  • #7,012
  • Nov 2, 2020 9:47am Nov 2, 2020 9:47am
Quoting Lock
{quote} That's for sure. And I'm in to wipe them at 2939. My only concern is now about a possible reaction below or above 29315 that I forgot to mention earlier. Also I do not like the "no-test" of October low.
So eventually pres US managed to took out those weak guys there and the notable thing here is that Pit US opened below both September and October unch (2923 and 29505) and above major refs to test downside (like 2860)

Note the new gap downside from Friday pit low around 2923 and current pit poor high at 2918...
Ubi maior minor cessat
  • #7,013
  • Nov 2, 2020 9:53am Nov 2, 2020 9:53am
Quoting Pixie666
Made no pips during GB let’s see US Pit I feel because of Election tomorrow we might have tasteless moves today
It's very possible
Ubi maior minor cessat
  • #7,014
  • Nov 2, 2020 10:23am Nov 2, 2020 10:23am
Balancing: let's see if D period will be inside. Gap downside still in place.
Ubi maior minor cessat
  • #7,015
  • Nov 2, 2020 10:26am Nov 2, 2020 10:26am
If it will try downside first I see nothing but 2860 to seriously test as a first ref.
Ubi maior minor cessat
  • #7,016
  • Nov 2, 2020 10:30am Nov 2, 2020 10:30am
Quoting Lock
Balancing: let's see if D period will be inside. Gap downside still in place.
D period is technically inside: poor low and balance rules apply
Ubi maior minor cessat
  • #7,017
  • Nov 2, 2020 10:39am Nov 2, 2020 10:39am
E period high at HB....
Ubi maior minor cessat
  • #7,018
  • Nov 2, 2020 10:48am Nov 2, 2020 10:48am
Quoting Lock
{quote} So eventually pres US managed to took out those weak guys there and the notable thing here is that Pit US opened below both September and October unch (2923 and 29505) and above major refs to test downside (like 2860) Note the new gap downside from Friday pit low around 2923 and current pit poor high at 2918...
Levels noted
  • #7,019
  • Nov 2, 2020 10:54am Nov 2, 2020 10:54am
Quoting Lock
E period high at HB....
taken out as normal. Is E period going to be an inside one too?
Ubi maior minor cessat
  • #7,020
  • Nov 2, 2020 10:56am Nov 2, 2020 10:56am
If it will attempt above balance we could see a test of 2923 and / or 29505
Ubi maior minor cessat
8 traders viewing now