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Lock's Cable Corner

  • #7,161
  • Nov 5, 2020 4:57am Nov 5, 2020 4:57am
Quoting Lock
{quote} I wrote 3079 as it is current pit November high (and a poor high) So let's see. An other important thing could be yesterday pit session high at 3023: if for some reason we will see price above that level at pit open we will have a new pit gap upside.
Also, reached and tested above it, this could give upcoming pit participants some sort of indications about other market participants sentiment and with this give them some sort of confidence into continue higher or at the opposite some warning to do so... Now, even if not reached by GB participants, this simple info could be useful for pit operators...
Ubi maior minor cessat
  • #7,162
  • Nov 5, 2020 5:21am Nov 5, 2020 5:21am
please, take note of current herky-jerky action upside as it is an important factor in order to understand who's in control of this market.
Ubi maior minor cessat
  • #7,163
  • Nov 5, 2020 5:32am Nov 5, 2020 5:32am
last period was an inside one, balance rules, watch out
Ubi maior minor cessat
  • #7,164
  • Nov 5, 2020 5:56am Nov 5, 2020 5:56am
At this point the question is: is this balance something preparing for 3150 or it is anticipating a strong liquidation? Monitor for poc migration up here to have a possible clue. And if 3079 will be reached monitor for acceptation or rejection above it.
Ubi maior minor cessat
  • #7,165
  • Nov 5, 2020 6:09am Nov 5, 2020 6:09am
Current GB high 3075, if left as it is now, is extraordinary poor and weak. Carry forward this info in case of liquidation.
Ubi maior minor cessat
  • #7,166
  • Nov 5, 2020 6:15am Nov 5, 2020 6:15am
If we will see current poc move higher than we could have a final spike upside. If instead we will not see it then we could end in balance or liquidation.
Ubi maior minor cessat
  • #7,167
  • Nov 5, 2020 6:23am Nov 5, 2020 6:23am
Quoting Lock
Current GB high 3075, if left as it is now, is extraordinary poor and weak. Carry forward this info in case of liquidation.
and price went up again to at least correct it.
Ubi maior minor cessat
  • #7,168
  • Nov 5, 2020 6:24am Nov 5, 2020 6:24am
Quoting Lock
Now, we removed also the stops from Wednesday Tokyo liquidation (above 3056). If there's something serious up here we should see acceleration up to 3079. If not we should see price back inside yesterday GB range.
Well, eventually we got that pit poor November high at 3079 that, remember, will remain poor unless a pit session will remove it directly.
Ubi maior minor cessat
  • #7,169
  • Nov 5, 2020 6:25am Nov 5, 2020 6:25am
So currently GB participants are testing pit November high 3079 and if not tested above we will have the same level for both GB and pit sessions: that is not a common event in a market...
Ubi maior minor cessat
  • #7,170
  • Nov 5, 2020 6:32am Nov 5, 2020 6:32am
Note that for most of the traders here these levels simply do not exist: so this can let you understand the powerful edge market generated information can provide you against your competitors.
Ubi maior minor cessat
  • #7,171
  • Nov 5, 2020 6:34am Nov 5, 2020 6:34am
Anyhow, see you later. I'm totally exhausted right now. Have a nice continuation.
Ubi maior minor cessat
  • #7,172
  • Nov 5, 2020 7:04am Nov 5, 2020 7:04am
Quoting Lock
Note that for most of the traders here these levels simply do not exist: so this can let you understand the powerful edge market generated information can provide you against your competitors.
Excellent information
I missed all the GB session so I will trade only US Session
until next time Lock, following your levels
  • #7,173
  • Nov 5, 2020 8:27am Nov 5, 2020 8:27am
We probably are going to see pit open above yesterday pit high 30225 so with a new gap upside.

We are very close to November pit poor high 3079 and to highest pit November close 30635: if the new gap will be preserved and if we will find acceptation above 30635 and 3079 we can imagine continuation toward 3140-52 weak stop clusters.

At the opposite if we will not find acceptation above such levels and if we will see the new possible gap upside filled down to yesterday pit high 30225 we can imagine a correction of Pit October and November poor lows 2860- 2890.
Naturally ion the second option we have also to gain acceptation below 30075, 2985, 2950 and other main refs...
Ubi maior minor cessat
  • #7,174
  • Nov 5, 2020 8:38am Nov 5, 2020 8:38am
Quoting Lock
We probably are going to see pit open above yesterday pit high 30225 so with a new gap upside. We are very close to November pit poor high 3079 and to highest pit November close 30635: if the new gap will be preserved and if we will find acceptation above 30635 and 3079 we can imagine continuation toward 3140-52 weak stop clusters. At the opposite if we will not find acceptation above such levels and if we will see the new possible gap upside filled down to yesterday pit high 30225 we can imagine a correction of Pit October and November poor lows...
U in for continuation?
  • #7,175
  • Nov 5, 2020 8:45am Nov 5, 2020 8:45am
Quoting brewmaster
{quote} U in for continuation?
Flat for now, waiting for some more info.
Ubi maior minor cessat
  • #7,176
  • Nov 5, 2020 8:49am Nov 5, 2020 8:49am
As written I'll adapt to the circumstances: if I'll see rejection above 3079 well, with any probability I'll be short. At the opposite if I'll see acceptation above it I'll probably be long.
Ubi maior minor cessat
  • #7,177
  • Nov 5, 2020 8:56am Nov 5, 2020 8:56am
Also I will take care of 30635: if I'll not see a test of it, considering current gap upside, I'll have more data to go long. At the opposite...
Ubi maior minor cessat
  • #7,178
  • Nov 5, 2020 9:19am Nov 5, 2020 9:19am
A period opened tested below 3079, failed even to reach 30635 and closed above 3079. B period opened, rotated up and down and only managed to tag 3079: guess what?
Ubi maior minor cessat
  • #7,179
  • Nov 5, 2020 9:21am Nov 5, 2020 9:21am
Quoting Lock
A period opened tested below 3079, failed even to reach 30635 and closed above 3079. B period opened, rotated up and down and only managed to tag 3079: guess what?
this:
Attached Image
Ubi maior minor cessat
  • #7,180
  • Nov 5, 2020 9:22am Nov 5, 2020 9:22am
Now, for continuation we need acceptation above preUS high that we are tagging. Let's see. If not balance or even liquidation
Ubi maior minor cessat
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