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Attachments: Lock's Cable Corner
Exit Attachments

Lock's Cable Corner

Quoting Lock
Now if we found acceptation below GB October high 3149-50 as we already have acceptation below 31565 and 31615 we can see something serious downside. Let's see.
If this is not a fake attempt to gain acceptation back inside GB October range I can imagine as a first step, a test of old spike base 3075. Now, we are before news and everything can happen. So take this market a piece at a time.If something will go wrong downside, next possible ref to test upside is 3194 (only tested this night by Tokyo)
Ubi maior minor cessat
Hi there,

First time on your thread . My thoughts are that we're going to see 1.2925 (hope today when is the news). Keep my fingers crossed, because have some positions opened and that is the tp. It was a small gap over there and has to be tested. Just my 2 cents Green pips!
Quoting bino.signals
Hi there, First time on your thread . My thoughts are that we're going to see 1.2925 (hope today when is the news). Keep my fingers crossed, because have some positions opened and that is the tp. It was a small gap over there and has to be tested. Just my 2 cents Green pips!
First of all you're welcome. All lower structure down to at least 2836 is totally weak, so, if this re-enter in October range is serious (failed rally upside from October balance) the natural target is October low 2819) Anyhow I suggest to take this market a piece at a time. And even if it will go down there I've no idea of how much time it will employ to do the job.
Ubi maior minor cessat
Some minor refs : 31155 is last Thursday GB close. Around 3100 there is Friday GB low. Acceptation below them both needed for continuation.
Ubi maior minor cessat
Quoting Lock
Some minor refs: 31155 is last Thursday GB close. Around 3100 there is a Friday GB low. Acceptation below them both needed for continuation.
Yup, you're right. It's Friday low, but keep in mind that gbpusd hasn't broken any lows for the last 3 days (this is what I use for reference). And almost every time when you have Day 1Hi/Day2 Hi/ Day 3Hi and the price is above them and above prev monthly high there's a very high chance for something big. Just put on your chart for the last 3 days Hi/Lo maybe with other colours for every day for ref.
Take also note of the fact that current November high has been made by Tokyo at exact round number 3200: not a very strong environment. So carry forward this info if something will go wrong downside. If you're short, as I am, stops should be placed somewhere above major refs already accepted.
Ubi maior minor cessat
Oh, and another thing. Today we have high news on GBP. Given this fact, I'm kind of confident that will drop and fill the gap from 1.2916 happened on 3rd Nov at the opening.
Yes, I'm short Last short I had at 1.3168
Quoting bino.signals
Yes, I'm short Last short I had at 1.3168
same here I will cover it if there's acceptation above 3150
Quoting bino.signals
{quote} Yup, you're right. It's Friday low, but keep in mind that gbpusd hasn't broken any lows for the last 3 days (this is what I use for reference). And almost every time when you have Day 1Hi/Day2 Hi/ Day 3Hi and the price is above them and above prev monthly high there's a very high chance for something big. Just put on your chart for the last 3 days Hi/Lo maybe with other colours for every day for ref.
Something big downside is very possible as written because we got a very poor structure below current level and apparently we saw GB attempt above October high failed. But watch out as those who performed this test upside are not strong and the response up there was not strong too. So let's see. Take this market a piece at a time. If it will continue follow it. If not, do the opposite.
Ubi maior minor cessat
Quoting bino.signals
Oh, and another thing. Today we have high news on GBP. Given this fact, I'm kind of confident that will drop and fill the gap from 1.2916 happened on 3rd Nov at the opening.
Do not be confident, it's may suggestion. Do not marry with your positions. Follow market generated info. Whatever they are.
Ubi maior minor cessat
If I go back into a balance from which I just attempted to break out, I want to see acceleration to the opposite side of that balance. I do not want to see price stalling at the top of it.
Ubi maior minor cessat
Time is a very important factor to monitor for acceptation of a certain price area. Take note.
Ubi maior minor cessat
Quoting Lock
{quote} Do not be confident, it's may suggestion. Do not marry with your positions. Follow market generated info. Whatever they are.
Definitely good advice! Happy to be here on this thread! Let's have patience and the market will let some traces to be followed.
E possible inside period: balance rules apply if so.
Ubi maior minor cessat
Quoting Lock
E possible inside period: balance rules apply if so.
Applied: failure above inside period E and here we are at the opposite side of it. Now: even though this will continue lower, note that current GB session value cannot going below Friday GB session value*. Take note.

*as we have only two periods left to unfold and we have a poc of 5 letters around 3145
Ubi maior minor cessat
Quoting Lock
{quote} Applied: failure above inside period E and here we are at the opposite side of it. Now: even though this will continue lower, note that current GB session value cannot going below Friday GB session value*. Take note. *as we have only two periods left to unfold and we have a poc of 5 letters around 3145

...market generated information...
Ubi maior minor cessat
And now we got 2 periods high at Half back 3155...
Ubi maior minor cessat
And B and C highs are both at exact 31615...
Ubi maior minor cessat
Market generated info sometimes is very impressive, I must admit it.
Ubi maior minor cessat
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