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Lock's Cable Corner

  • #7,181
  • Nov 5, 2020 9:23am Nov 5, 2020 9:23am
i am long after acceptation above 3079 going for 3100
  • #7,182
  • Nov 5, 2020 9:27am Nov 5, 2020 9:27am
Note current environment: B period low is at open (also tag of 3079) and current high is a perfect tag of overnight high (preUS high): who is ruling this market???
Ubi maior minor cessat
  • #7,183
  • Nov 5, 2020 9:28am Nov 5, 2020 9:28am
Quoting brewmaster
i am long after acceptation above 3079 going for 3100
I hope you reverted them immediately as I did.
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  • #7,184
  • Nov 5, 2020 9:30am Nov 5, 2020 9:30am
Now, if we see acceptation below 30635 we can imagine a serious liquidation. If rejection down there or even before, we got balance: balance means up and down.
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  • #7,185
  • Nov 5, 2020 9:31am Nov 5, 2020 9:31am
Luckily I exited at 3100, might short after more data
  • #7,186
  • Nov 5, 2020 9:34am Nov 5, 2020 9:34am
Now, 3109 is weak high. If you see rejection at 30635 all the way back to it. If acceptation, or even acceleration below it, stay with your short (if any) Note that we can also skip the test of 30635 so in such a case the level to consider is preUS low.
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  • #7,187
  • Nov 5, 2020 9:34am Nov 5, 2020 9:34am
spot on man, the only short for me is acceptation below 3063
  • #7,188
  • Nov 5, 2020 9:36am Nov 5, 2020 9:36am
I might be wrong but i hope that was the high for GB pit
  • #7,189
  • Nov 5, 2020 9:40am Nov 5, 2020 9:40am
Quoting brewmaster
I might be wrong but i hope that was the high for GB pit
It can be, even if weak. Considering what we have downside. But take this market a piece at a time. Be prepared, that's all. Do not hope.
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  • #7,190
  • Nov 5, 2020 9:42am Nov 5, 2020 9:42am
If this market is going to offer us a weak sad balance day, we must able to trade that. We do not have to think to a favorable market. We have only to profit from what current market is able to offer us.
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  • #7,191
  • Nov 5, 2020 9:46am Nov 5, 2020 9:46am
Quoting Lock
If this market is going to offer us a weak sad balance day, we must able to trade that. We do not have to think to a favorable market. We have only to profit from what current market is able to offer us.
Yes Even 20 pip I am fine for today
  • #7,192
  • Nov 5, 2020 9:59am Nov 5, 2020 9:59am
Quoting Lock
Now, 3109 is weak high. If you see rejection at 30635 all the way back to it. If acceptation, or even acceleration below it, stay with your short (if any) Note that we can also skip the test of 30635 so in such a case the level to consider is preUS low.
taken out...
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  • #7,193
  • Nov 5, 2020 10:01am Nov 5, 2020 10:01am
Quoting Lock
Now, 3109 is weak high. If you see rejection at 30635 all the way back to it. If acceptation, or even acceleration below it, stay with your short (if any) Note that we can also skip the test of 30635 so in such a case the level to consider is preUS low.
Note that we do not even test 30635: we were just not able to gain acceptation below preUS low.

Now let's see if we can gain acceptation above preUS high. If so 3142 - 3150 zone is possible. If not, again, all the way back to current pit poor low 3066.
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  • #7,194
  • Nov 5, 2020 10:17am Nov 5, 2020 10:17am
Note D low at half back (sum it to current poor low) and carry forward this info if it will continue higher.
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  • #7,195
  • Nov 5, 2020 10:56am Nov 5, 2020 10:56am
Well, now 3142 and probably 3152 could be really possible. In any case watch out as with a market like this anything can happen and structure below is very very poor. Btw: you know what? I was not in to this long! See you later or tomorrow.
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  • #7,196
  • Nov 5, 2020 11:02am Nov 5, 2020 11:02am
thanks for your time see you tomorrow
  • #7,197
  • Nov 5, 2020 11:02am Nov 5, 2020 11:02am
Take note for tomorrow: 31155 is today GB close level.
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  • #7,198
  • Nov 5, 2020 11:21am Nov 5, 2020 11:21am
Quoting Lock
Well, now 3142 and probably 3152 could be really possible. In any case watch out as with a market like this anything can happen and structure below is very very poor. Btw: you know what? I was not in to this long! See you later or tomorrow.
Well, as you see... See you tomorrow.
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  • #7,199
  • Edited 1:59am Nov 6, 2020 1:42am | Edited 1:59am
Quoting Lock
Well, now 3142 and probably 3152 could be really possible. In any case watch out as with a market like this anything can happen and structure below is very very poor. Btw: you know what? I was not in to this long! See you later or tomorrow.
So eventually pit session managed to take out (and test) 3150 zone. And as written previously the market reserved some sort of surprises when just some pips below 3142 liquidated for a while (and that happened just at GB close, take note)

And now things become very interesting as current Sydney high is clearly poor, GB is going to open and has the opportunity to test its October high 3149 (3150 if you like) and because we are in a monthly balance where October is the last INSIDE MONTH, 2 possibilities can occur if this level will be tested: acceptation above it and continuation upside toward September high or.. failure above it and retracement to the opposite side of monthly balance, meaning toward October low 2819.

And as always, as a recap, here are the main levels for upcoming GB session:

GB sessions October range is: 2819-3150
while for pit sessions is: 2860-31765

For upcoming GB session main refs inside October range are (from top to bottom):

 

  1. 3095 yesterday GB (also November GB )
  2. 31155 yesterday GB close
  3. 3000 September GB inside week high
  4. 3021 yesterday GB open
  5. 2941 GB October open
  6. 29315 GB October close
  7. 29185 GB September close
  8. 2915 yesterday Tokyo poor low Back to back with yes GB low
  9. 29085 GB November open

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  • #7,200
  • Nov 6, 2020 2:03am Nov 6, 2020 2:03am
GB opened just at 3150, immediately starting its main test: all eyes on here.
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