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Lock's Cable Corner

  • #7,201
  • Nov 6, 2020 2:05am Nov 6, 2020 2:05am
3157, current Sydney poor high is also November poor high: vary rare to see a month with a poor high established during overnight.
Note also that GB opened with a new gap upside from yesterday GB high 3095. Monitor for the filling or the preservation of such new gap.
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  • #7,202
  • Nov 6, 2020 2:07am Nov 6, 2020 2:07am
Quoting Lock
GB opened just at 3150, immediately starting its main test: all eyes on here.
Yes
  • #7,203
  • Nov 6, 2020 2:08am Nov 6, 2020 2:08am
Please take care also of USDX as it is testing too its october inside month low (opposite than GB situation obviously)
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  • #7,204
  • Nov 6, 2020 2:12am Nov 6, 2020 2:12am
Now, just to recap: considering the situation downside (horrible structure, weak levels everywhere, poor lows, etc.) the best for us could be a failure up here and a strong correction downside toward October low. But: take this market a piece at a time and do what market generated information tell you. Do not hope, do not dream.
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  • #7,205
  • Nov 6, 2020 2:13am Nov 6, 2020 2:13am
31415 is the highest GB close of October, monitor for acceptation or rejection below it
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  • #7,206
  • Nov 6, 2020 2:15am Nov 6, 2020 2:15am
while 31155 is yesterday GB close: an other fundamental level for today. If reached monitor for acceptation or rejection below it. If not reached take this info as important
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  • #7,207
  • Nov 6, 2020 2:33am Nov 6, 2020 2:33am
I could see acceptance at 3141 waiting for another half an hour
  • #7,208
  • Nov 6, 2020 3:06am Nov 6, 2020 3:06am
Quoting Lock
while 31155 is yesterday GB close: an other fundamental level for today. If reached monitor for acceptation or rejection below it. If not reached take this info as important
testing yes close 31155
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  • #7,209
  • Nov 6, 2020 3:09am Nov 6, 2020 3:09am
Quoting Lock
{quote} testing yes close 31155

if we will find acceptation below it 31155 this liquidation can continue much lower. If rejected below it, back to the top 3157.
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  • #7,210
  • Nov 6, 2020 3:15am Nov 6, 2020 3:15am
3095 is yesterday GB high (also new gap upside base). 3075 is yesterday spike base. For any serious continuation downside you want to see acceptation below them.. If not watch out as this profile is starting to elongate substantially.
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  • #7,211
  • Nov 6, 2020 3:20am Nov 6, 2020 3:20am
Quoting Lock
{quote} if we will find acceptation below it 31155 this liquidation can continue much lower. If rejected below it, back to the top 3157.
31155 is so key for shorts
  • #7,212
  • Nov 6, 2020 3:32am Nov 6, 2020 3:32am
Quoting Lock
{quote} testing yes close 31155
And what you have just seen is a clear first rejection of yes GB close 31155. Even though it occurred at a very weak level, round 3100
Now, let's see if this rejection will be confirmed or retested.
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  • #7,213
  • Nov 6, 2020 3:37am Nov 6, 2020 3:37am
Quoting brewmaster
{quote} 31155 is so key for shorts
It's key for any serious trader involved into this. If rejected back to the top at 3157, if accepted possible continuation toward next major refs. Now I'm not saying it's easy. I'm saying this is what is happening.
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  • #7,214
  • Nov 6, 2020 3:40am Nov 6, 2020 3:40am
Now, let's say you bought when price rejected the first time yes GB close 31155: you want to see acceptation above it and you want to see acceptation above current half back 31275. If not you are at risk.
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  • #7,215
  • Nov 6, 2020 3:45am Nov 6, 2020 3:45am
spot on man, when prices hit 3150 i had pending long at at 31150 with mindset if there is acceptation below it I will close and vice versa
  • #7,216
  • Nov 6, 2020 3:48am Nov 6, 2020 3:48am
Quoting Lock
{quote} And what you have just seen is a clear first rejection of yes GB close 31155. Even though it occurred at a very weak level, round 3100 Now, let's see if this rejection will be confirmed or retested.
If this thing is going to continue seriously higher, and you bought when 31155 has been rejected you've got an almost perfect trade. If not, at least you can profit until you will not see an opposite rejection upside.
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  • #7,217
  • Nov 6, 2020 3:57am Nov 6, 2020 3:57am
Quoting Lock
31415 is the highest GB close of October, monitor for acceptation or rejection below it
..and note where this action upside stopped for now: exactly at 31415.. That was the next main ref above yes GB close
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  • #7,218
  • Nov 6, 2020 4:00am Nov 6, 2020 4:00am
Quoting Lock
{quote} ..and note where this action upside stopped for now: exactly at 31415.. That was the next main ref above yes GB close
And you want acceptation above 31415 for continue higher, if not you will have at least balance.
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  • #7,219
  • Nov 6, 2020 4:27am Nov 6, 2020 4:27am
Quoting Lock
{quote} And you want acceptation above 31415 for continue higher, if not you will have at least balance.
That you get: E possible inside period: balance rules apply. If new test of yes GB close 31155 (downside) and fail, back to 3157. If test upside 31415 and fail back to 31155. In both direction, if it will succeed we have huge spaces-
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  • #7,220
  • Nov 6, 2020 4:42am Nov 6, 2020 4:42am
Quoting Lock
{quote} That you get: E possible inside period: balance rules apply. If new test of yes GB close 31155 (downside) and fail, back to 3157. If test upside 31415 and fail back to 31155. In both direction, if it will succeed we have huge spaces-
Attempted rally above 31415. Watch out and monitor for acceptation above it. Note F period low at HB 31275: carry forward this info.
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