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Lock's Cable Corner

  • #7,441
  • Nov 13, 2020 2:55am Nov 13, 2020 2:55am
Quoting Lock
Please subscribe me if you like my notes, Thanks.
Subscribed .. thanks for sharing
MRMALIK1
  • #7,442
  • Nov 13, 2020 3:02am Nov 13, 2020 3:02am
now 31415 to eventually test: yes GB close. If failure back to31665 If acceptation we get liquidation of Tokyo
Ubi maior minor cessat
  • #7,443
  • Nov 13, 2020 3:14am Nov 13, 2020 3:14am
Very nice analitics !!

Im gona follow you now like I follow oxygen...hehehe!

market profile is very interesting, and nice to see your explanations and predictions are more right than wrong

keep up the passion, it is addictive
  • #7,444
  • Nov 13, 2020 3:27am Nov 13, 2020 3:27am
Quoting Lock
now 31415 to eventually test: yes GB close. If failure back to31665 If acceptation we get liquidation of Tokyo
Note that we are inside yesterday GB range: in such cases balance is at least initially expected. If you will not see a clear acceptation above 31615 and 31665 or even yes GB open 3171, there will be nothing strange to see a continuation of current balance environment: so watch out and do not dream to much.
Ubi maior minor cessat
  • #7,445
  • Nov 13, 2020 3:28am Nov 13, 2020 3:28am
Quoting BitcoinBoff
Very nice analitics !! Im gona follow you now like I follow oxygen...hehehe! market profile is very interesting, and nice to see your explanations and predictions are more right than wrong keep up the passion, it is addictive
Well, thank you very much indeed and if you really like my notes, please subscribe me. Thank you.
Ubi maior minor cessat
  • #7,446
  • Nov 13, 2020 3:33am Nov 13, 2020 3:33am
Quoting Lock
{quote} Well, thank you very much indeed and if you really like my notes, please subscribe me. Thank you.


I am already a subscriber, but now I have become a true follower !!!
  • #7,447
  • Nov 13, 2020 3:41am Nov 13, 2020 3:41am
Quoting Lock
{quote} Note that we are inside yesterday GB range: in such cases balance is at least initially expected. If you will not see a clear acceptation above 31615 and 31665 or even yes GB open 3171, there will be nothing strange to see a continuation of current balance environment: so watch out and do not dream to much.
..as you see...
Ubi maior minor cessat
  • #7,448
  • Nov 13, 2020 3:50am Nov 13, 2020 3:50am
Now, if this thing will eventually develop into an attempted rally, possible targets are 3200 (yes GB poor high) and eventually 32285 (cluster of weak Asian highs).
In case of rally failure, back to balance (3150) or even liquidation to Tokyo low
Ubi maior minor cessat
  • #7,449
  • Nov 13, 2020 4:13am Nov 13, 2020 4:13am
A little note from yesterday Pit session. Pit sold continuously during the entire session and at a certain moment in time, close to current low, I wrote:

Quoting Lock
It can go short in the hole...
Now you see what I mean with that sentence: they were continuing to sell with a weak structure above risking to remain in a trap. They were, as we say, shorting in the hole...
And now, as you see GB punished them all as we are above pit session high and all the weak pit sellers stops have been taken out.
Ubi maior minor cessat
  • #7,450
  • Nov 13, 2020 4:18am Nov 13, 2020 4:18am
Now, 31765 is PIT October inside month high: GB is pre-testing it. Watch out as GB could be too scared to continue any higher without pit participants confirmation. So monitor for acceptation above it and take care.
Ubi maior minor cessat
  • #7,451
  • Nov 13, 2020 4:23am Nov 13, 2020 4:23am
Quoting Lock
A little note from yesterday Pit session. Pit sold continuously during the entire session and at a certain moment in time, close to current low, I wrote: {quote} Now you see what I mean with that sentence: they were continuing to sell with a weak structure above risking to remain in a trap. They were, as we say, shorting in the hole... And now, as you see GB punished them all as we are above pit session high and all the weak pit sellers stops have been taken out.


As a newbie , a question :

From what price range downwards yesterday in the session would you say was this " shorting in the hole " trading happening ?
  • #7,452
  • Nov 13, 2020 4:49am Nov 13, 2020 4:49am
E period low was exactly at yesterday GB open 3171: note that F period went just a couple of pips below it and rallied again. As a rule, any time you see a perfect tag of a daily reference, take care, as generally it means that weak operators bought or sold exactly at that refs and generally stronger ones come back to retake those weak stops. Most of my notes are based upon this simple concept.
Ubi maior minor cessat
  • #7,453
  • Nov 13, 2020 4:52am Nov 13, 2020 4:52am
Quoting BitcoinBoff
{quote} As a newbie , a question : From what price range downwards yesterday in the session would you say was this " shorting in the hole " trading happening ?
Almost an hour after GB close, at mine 18:40 (GMT ITA): at that moment in time I saw a very struggling attempt to continue lower and I previously saw a very poor and weak structure left upside by previous sessions. And I also wrote I was coming off for this exact reason whatever the possible outcome as I consider it too risky.

Quoting Lock
See you tomorrow. PS: I'm not saying it cannot continue lower. I'm saying it can put itself in troubles. So I'm off, whatever the result. Have a nice continuation. Best PPS: and please, subscribe me if you like my notes.. Thank you.
Ubi maior minor cessat
  • #7,454
  • Nov 13, 2020 5:04am Nov 13, 2020 5:04am
Now, current attempted rally from balance doesn't look particularly healthy. Current poc is at 31565. For continuation upside, in our last 4 periods of GB session we would like to see that poc migrating higher. Also we do not want to see current D single letter filled. If not a liquidation can eventually occur.
Ubi maior minor cessat
  • #7,455
  • Nov 13, 2020 5:30am Nov 13, 2020 5:30am
Quoting Lock
Now, current attempted rally from balance doesn't look particularly healthy. Current poc is at 31565. For continuation upside, in our last 4 periods of GB session we would like to see that poc migrating higher. Also we do not want to see current D single letter filled. If not a liquidation can eventually occur.
Mini liquidation and back upside. Now let's see if poc will migrate upside or not.
Ubi maior minor cessat
  • #7,456
  • Nov 13, 2020 5:31am Nov 13, 2020 5:31am
Quoting Lock
Now, 31765 is PIT October inside month high: GB is pre-testing it. Watch out as GB could be too scared to continue any higher without pit participants confirmation. So monitor for acceptation above it and take care.
And note that this pre-test costs us almost 2 hours of balancing for now
Ubi maior minor cessat
  • #7,457
  • Nov 13, 2020 5:33am Nov 13, 2020 5:33am
Quoting Lock
{quote} Mini liquidation and back upside. Now let's see if poc will migrate upside or not.
poc (meaning value) moved higher. A spike is possible. The only thing I do not like is that tag of half back at 31635. Apart from that it looks like it want to continue higher... take this market a piece at a time anyhow...
Ubi maior minor cessat
  • #7,458
  • Nov 13, 2020 5:36am Nov 13, 2020 5:36am
If it will continue to balance here in this way I'll be off from any longs I have.
Ubi maior minor cessat
  • #7,459
  • Nov 13, 2020 5:38am Nov 13, 2020 5:38am
Long closed. It's me.
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  • #7,460
  • Nov 13, 2020 5:42am Nov 13, 2020 5:42am
Quoting Lock
Long closed. It's me.
I mean I can be wrong but I've seen no continuation at all for this action upside. The structure below is ugly so.. Anyway I do not expect too much downside. And the last 2 periods can reserve us some movements. So let's wait. And if nothing, so what? Next time
Ubi maior minor cessat
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