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Lock's Cable Corner

  • #7,381
  • Nov 10, 2020 5:27am Nov 10, 2020 5:27am
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  • #7,382
  • Nov 10, 2020 5:42am Nov 10, 2020 5:42am
Now this is a pretty rare situation for me: I have literally nothing between current price location 3269 and 3297. Maybe I missed something. If not...
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  • #7,383
  • Nov 10, 2020 5:47am Nov 10, 2020 5:47am
Quoting Lock
Now this is a pretty rare situation for me: I have literally nothing between current price location 3269 and 3297. Maybe I missed something. If not...
32665 Tokyo January high... That's it
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  • #7,384
  • Nov 10, 2020 5:55am Nov 10, 2020 5:55am
GBPUSD is playing so terrible lately. It's my opinion. I was expecting to see something else on this pair, but the bears are coming in future, not now.
I like your posts
  • #7,385
  • Nov 10, 2020 6:11am Nov 10, 2020 6:11am
I don't know if I'll be present during preUS and pit session: if it will liquidate in these last 2 periods or if it will test spike probably I will be out for a while. have a nice continuation.
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  • #7,386
  • Nov 10, 2020 6:12am Nov 10, 2020 6:12am
Note poc moved higher.
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  • #7,387
  • Nov 10, 2020 10:38am Nov 10, 2020 10:38am
I missed all the actions yesterday I am back at it again
catch u when u back just going through ur levels for pips
  • #7,388
  • Nov 11, 2020 12:27am Nov 11, 2020 12:27am
Quoting Lock
Now this is a pretty rare situation for me: I have literally nothing between current price location 3269 and 3297. Maybe I missed something. If not...
Quoting Lock
{quote} 32665 Tokyo January high... That's it
Quoting Lock
Note poc moved higher.
So yesterday before preUS open I was wandering around, wondering what in the hell was stopping that GB action to continue higher: value moved higher, I had no resistance above 3269 toward 3297 (but an old Tokyo January high 32665) and it was not going higher.
Then we saw preUS and Pit balancing all day long just to finish all action 1 single pip above GB high, exactly at 32735 and making a new poor high at 3278!

So what? Absolutely nothing happened yesterday after I went out.

Now a few words about current situation: we are in a Monthly attempted rally from inside month balance (both in GB and Pit), we are in a weekly balance and in a daily trend upside (both in GB and Pit). The structure we left downside, as underlined many times, is more than ugly. At the same time the job upside doesn't look like finished yet as I find very difficult to imagine these 2 back to back pit poor at 3278 and 3297 left in place while coming back inside monthly balance.

So I think that this market is overall extraordinary weak and poor of strong participants and now more than normally we must take it a piece at a time, like we did in the last days, taking care of the major references with high attention disregarding minor ones and, especially, keeping into great consideration value as the main guide for our action.
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  • #7,389
  • Nov 11, 2020 12:32am Nov 11, 2020 12:32am
Quoting Lock
{quote} {quote} {quote} So yesterday before preUS open I was wandering around, wondering what in the hell was stopping that GB action to continue higher: value moved higher, I had no resistance above 3269 toward 3297 (but an old Tokyo January high 32665) and it was not going higher. Then we saw preUS and Pit balancing all day long just to finish all action 1 single pip above GB high, exactly at 32735 and making a new poor high at 3278! So what? Absolutely nothing happened yesterday after I went out. Now a few words about current situation: we are...
Yes extraordinary market, I am just haven’t placed any trade yet thoughts more on downstairs but as you mentioned looking at major levels for reference to make next move
  • #7,390
  • Nov 11, 2020 1:11am Nov 11, 2020 1:11am
Now, for upcoming GB session the refs are downside:

  1. yes GB high 3272
  2. current Tokyo poor low 32525
  3. yesterday GB close 3234
  4. GB Jan high 3230
  5. Brexit low 3227
  6. 2019 GB close 3194
  7. Yes GB open 31715
  8. GB inside month high 31615 (the break level of current attempted rally upside from monthly balance)

while upside:

  1. the terrible Back to back GB highs at 3319 (possible first target in case of continuation upside)
  2. the major monthly value area top at 3340 (if something will go seriously wrong upside it can be above this level)

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  • #7,391
  • Nov 11, 2020 2:33am Nov 11, 2020 2:33am
Failed onece above overnight high: going to test yes GB close 3234? Or only yes GB high 3272?
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  • #7,392
  • Nov 11, 2020 2:44am Nov 11, 2020 2:44am
Quoting Lock
Failed onece above overnight high: going to test yes GB close 3234? Or only yes GB high 3272?
The second one, it looks like. Now let's see: again at overnight high. Very tricky.
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  • #7,393
  • Nov 11, 2020 2:46am Nov 11, 2020 2:46am
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  • #7,394
  • Nov 11, 2020 2:47am Nov 11, 2020 2:47am
Quoting Lock
{quote} The second one, it looks like. Now let's see: again at overnight high. Very tricky.
Yeah tricky it is
  • #7,395
  • Nov 11, 2020 2:50am Nov 11, 2020 2:50am
Now, if this is good, 3319 is almost sure. But I do not understand why it is suffering so much at overnight high. So, take care.
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  • #7,396
  • Nov 11, 2020 2:52am Nov 11, 2020 2:52am
A new test of yes high 3272? If so this is one of the most trickiest sessions of the last weeks.
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  • #7,397
  • Nov 11, 2020 3:08am Nov 11, 2020 3:08am
We got no acceptation below yes GB high 3272, nor below today open3276 and we have a good target at 3319. So I do not understand why it is not rallying yet
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  • #7,398
  • Nov 11, 2020 3:10am Nov 11, 2020 3:10am
Also value is building higher from yesterday. So, if it will go down from here, it can be a liquidation. But I really will consider this very strange considering the situation.
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  • #7,399
  • Nov 11, 2020 3:22am Nov 11, 2020 3:22am
3292 new GB poor high. If for whatever reason it will liquidate from here, this level will be retaken.
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  • #7,400
  • Nov 11, 2020 3:23am Nov 11, 2020 3:23am
Quoting Lock
3292 new GB poor high. If for whatever reason it will liquidate from here, this level will be retaken.
well too easy prediction isn't it? Now let's see this rally..
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