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Lock's Cable Corner

  • #7,501
  • Nov 16, 2020 8:29am Nov 16, 2020 8:29am
Quoting Lock
So GB participants know that in less than half an hour new US participants will come in. And we are right now between major ref 31765 (Pit October high) and 31975 last week Pit unch. So I suggest to be very cautious right now.
we in fact are going to open inside our major refs 31765 and 31975and inside Friday pit session range: balance expected at least initially.
Ubi maior minor cessat
  • #7,502
  • Nov 16, 2020 8:34am Nov 16, 2020 8:34am
Quoting Lock
{quote} we in fact are going to open inside our major refs 31765 and 31975 and inside Friday pit session range: balance expected at least initially.
testing 31975
Ubi maior minor cessat
  • #7,503
  • Nov 16, 2020 8:38am Nov 16, 2020 8:38am
Quoting Lock
period I high is at half back 3204 and B period high was at previous half back 3228: take note.
weak GB sellers tagged:weaker than before
Ubi maior minor cessat
  • #7,504
  • Nov 16, 2020 8:42am Nov 16, 2020 8:42am
Quoting Lock
{quote} testing 31975
First attempt above it failed.
Ubi maior minor cessat
  • #7,505
  • Nov 16, 2020 8:44am Nov 16, 2020 8:44am
Quoting Lock
{quote} we in fact are going to open inside our major refs 31765 and 31975 and inside Friday pit session range: balance expected at least initially.
failed above 31975, back to test 31765: balance as expected between major levels
Ubi maior minor cessat
  • #7,506
  • Nov 16, 2020 8:46am Nov 16, 2020 8:46am
Quoting Lock
{quote} failed above 31975, back to test 31765: balance as expected between major levels
Yes
  • #7,507
  • Nov 16, 2020 8:53am Nov 16, 2020 8:53am
Quoting Lock
{quote} failed above 31975, back to test 31765: balance as expected between major levels
...and failed there also. At least for now
Ubi maior minor cessat
  • #7,508
  • Nov 16, 2020 9:09am Nov 16, 2020 9:09am
B period inside: balance rules apply
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  • #7,509
  • Nov 16, 2020 9:16am Nov 16, 2020 9:16am
Note price up and down open level and half back: a clear sign of weak participants for now.
Ubi maior minor cessat
  • #7,510
  • Nov 16, 2020 9:18am Nov 16, 2020 9:18am
Quoting Lock
Note price up and down open level and half back: a clear sign of weak participants for now.
One of the most important thing I learnt with JD is to understand who is in control of a particular market. This can limit your expectations and give you time to build an edge against your competitors.
Ubi maior minor cessat
  • #7,511
  • Nov 16, 2020 9:20am Nov 16, 2020 9:20am
Quoting Lock
{quote} One of the most important thing I learnt with JD is to understand who is in control of a particular market. This can limit your expectations and give you time to build an edge against your competitors.
Excellent said
  • #7,512
  • Nov 16, 2020 9:28am Nov 16, 2020 9:28am
For instance when I wrote "balance expected at least initially", I new 2 things: first one great odds to see price bouncing from one ref to an other (then I can go with weak traders selling and buying at exact refs and profit from that or do nothing avoiding loosing money); second one, I will not go with initiative trades above or below balance unless I'll find any good reason to do so. Like for instance a possible break out from inside period... or a reverse from a failed attempt to break that balance in one particular direction..
Ubi maior minor cessat
  • #7,513
  • Nov 16, 2020 9:56am Nov 16, 2020 9:56am
Quoting Lock
B period inside: balance rules apply
Attempted break below B low..
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  • #7,514
  • Nov 16, 2020 9:57am Nov 16, 2020 9:57am
That it's also a new test of 31765
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  • #7,515
  • Nov 16, 2020 10:03am Nov 16, 2020 10:03am
Quoting Lock
That it's also a new test of 31765
..failed again...
Ubi maior minor cessat
  • #7,516
  • Nov 16, 2020 10:05am Nov 16, 2020 10:05am
Quoting Lock
{quote} ..failed again...
but now take note of the very weak level at 31615: it as been tagged by GB, preUS and Pit sessions: a buy is more than licit, but watch out if you'll not see continuation upside.
Ubi maior minor cessat
  • #7,517
  • Nov 16, 2020 10:06am Nov 16, 2020 10:06am
Quoting Lock
For instance when I wrote "balance expected at least initially", I new 2 things: first one great odds to see price bouncing from one ref to an other (then I can go with weak traders selling and buying at exact refs and profit from that or do nothing avoiding loosing money); second one, I will not go with initiative trades above or below balance unless I'll find any good reason to do so. Like for instance a possible break out from inside period... or a reverse from a failed attempt to break that balance in one particular direction..
attempted break below inside period B, failed, back to the opposite side of B period...
Ubi maior minor cessat
  • #7,518
  • Nov 16, 2020 10:11am Nov 16, 2020 10:11am
Quoting Lock
{quote} failed above 31975, back to test 31765: balance as expected between major levels
how magic, isn't it? here we are again at 31975...
Ubi maior minor cessat
  • #7,519
  • Nov 16, 2020 10:18am Nov 16, 2020 10:18am
Quoting Lock
{quote} how magic, isn't it? here we are again at 31975...
Yes
  • #7,520
  • Nov 16, 2020 10:21am Nov 16, 2020 10:21am
It can also finish in balance, who knows. Clearly if it really will rally we have huge space up to 3297 upside. And if it will fail again this time we can at least trying to take out that poor 31615. So let's see.
Ubi maior minor cessat
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