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Lock's Cable Corner

  • #7,561
  • Nov 17, 2020 9:19am Nov 17, 2020 9:19am
Quoting Lock
pit opened and testing 2019 pit close 32595
double tested and poor high: we have now 3 back to back poor highs in a space of 50 pips. (up to 3297)
Ubi maior minor cessat
  • #7,562
  • Nov 17, 2020 9:20am Nov 17, 2020 9:20am
Quoting Lock
{quote} double tested and poor high: we have now 3 back to back poor highs in a space of 50 pips. (up to 3297)
More power towards stairs I guess
  • #7,563
  • Nov 17, 2020 9:21am Nov 17, 2020 9:21am
Quoting Lock
{quote} double tested and poor high: we have now 3 back to back poor highs in a space of 50 pips. (up to 3297)
I have few pendings on that level too just Incase Ian not at my screen
  • #7,564
  • Nov 17, 2020 9:34am Nov 17, 2020 9:34am
Unfortunately I have to go. It failed 3 times above 32595 and it is clearly balancing. It can liquidate. Maybe. But I really cannot follow this action. Sorry. Have a nice continuation. Best.
Ubi maior minor cessat
  • #7,565
  • Nov 17, 2020 9:35am Nov 17, 2020 9:35am
Quoting Lock
Unfortunately I have to go. It failed 3 times above 32595 and it is clearly balancing. It can liquidate. Maybe. But I really cannot follow this action. Sorry. Have a nice continuation. Best.
Catch u laters
  • #7,566
  • Nov 18, 2020 1:58am Nov 18, 2020 1:58am
Main refs for GB:
yes GB high 3273
yes GB close 32455
old GB spike base 3250

if accepted above: 3314 (current Nov GB high) and 3319 are very possible. If not, meaning accepted below, we can see balance or strong liquidation (retest of 3150 GB October high?)
Ubi maior minor cessat
  • #7,567
  • Nov 18, 2020 2:18am Nov 18, 2020 2:18am
Add the exact tag of yes GB high 3273 to the huge amount of weaknesses left downside:

  1. 3243 Tokyo poor low
  2. 3239 yes pit poor low
  3. 3188 Yes Sydney poor low
  4. 3186 Pit cluster at HB
  5. 31665 Back to back Pit, PreUS and GB lows

...and so on

Ubi maior minor cessat
  • #7,568
  • Nov 18, 2020 2:32am Nov 18, 2020 2:32am
Note: we are experiencing the exact same situation of GB session on 11.11: poor structure left downside, a clear possible target upside (the same 3319) and btw...exactly the same open level 3276.
Ubi maior minor cessat
  • #7,569
  • Nov 18, 2020 2:38am Nov 18, 2020 2:38am
Quoting Lock
Note: we are experiencing the exact same situation of GB session on 11.11: poor structure left downside, a clear possible target upside (the same 3319) and btw...exactly the same open level 3276.
..that it tagged exactly right now... add to weak levels downside...
Ubi maior minor cessat
  • #7,570
  • Nov 18, 2020 2:47am Nov 18, 2020 2:47am
Quoting Lock
Note: we are experiencing the exact same situation of GB session on 11.11: poor structure left downside, a clear possible target upside (the same 3319) and btw...exactly the same open level 3276.

...And I remember a sentence of JD: traders do what it worked before until it doesn't work anymore.
Ubi maior minor cessat
  • #7,571
  • Nov 18, 2020 2:56am Nov 18, 2020 2:56am
Quoting Lock
{quote} ...And I remember a sentence of JD: traders do what it worked before until it doesn't work anymore.

Well said
  • #7,572
  • Nov 18, 2020 3:00am Nov 18, 2020 3:00am
B inside period: balance rules apply
Ubi maior minor cessat
  • #7,573
  • Nov 18, 2020 4:02am Nov 18, 2020 4:02am
Well, I'll wait US participants, whatever the result here. Have a nice continuation.
Ubi maior minor cessat
  • #7,574
  • Nov 18, 2020 5:38am Nov 18, 2020 5:38am
Quoting Lock
B inside period: balance rules apply
It failed above B period high and here we are at its opposite side: balance rules apply: and it's removing the 2 perfect tags at open and yesterday GB high I was speaking about in previous posts..

Quoting Lock
Add the exact tag of yes GB high 3273 to the huge amount of weaknesses left downside: 3243 Tokyo poor low 3239 yes pit poor low 3188 Yes Sydney poor low 3186 Pit cluster at HB 31665 Back to back Pit, PreUS and GB lows ...and so on
Quoting Lock
{quote} ..that it tagged exactly right now... add to weak levels downside...
Now, if it will not get acceptation back inside yesterday GB range (below 3273) expect back to top 3297. If it get acceptation, liquidation to Tokyo low 3243 is very possible or at least re test of 32455 yes GB close.
Ubi maior minor cessat
  • #7,575
  • Nov 18, 2020 8:49am Nov 18, 2020 8:49am
Most important levels for pit:

  1. Old Nov pit high 3278 (currently tagged by pit low)
  2. 32735 highest pit close of November
  3. 2019 Pit close 32595
  4. Yes pit unch 3249 (highest Nov pit unch)
  5. Yes pit low 3239
  6. 3227 Brexit low
  7. Pit October inside month high 31765

If acceptation above all of them, as possible targets upside 3297 and 3319.
If failure to get 3297 and 3319, possible liquidation toward next lower ref.

Ubi maior minor cessat
  • #7,576
  • Nov 18, 2020 9:05am Nov 18, 2020 9:05am
Quoting Lock
...as possible targets upside 3297 and 3319. If failure to get 3297 and 3319, possible liquidation toward next lower ref.
3297 taken out: monitor for acceptation or failure above it. If acceptation next is 3319. If failure back to retest 3278
Ubi maior minor cessat
  • #7,577
  • Nov 18, 2020 9:30am Nov 18, 2020 9:30am
Quoting Lock
{quote} 3297 taken out: monitor for acceptation or failure above it. If acceptation next is 3319. If failure back to retest 3278
before 3319 there is also GB November high 3314: take note.
Ubi maior minor cessat
  • #7,578
  • Nov 18, 2020 9:31am Nov 18, 2020 9:31am
Quoting Lock
{quote} before 3319 there is also GB November high 3314: take note.

if acceptation above 3314 /3319 next level for pit is 3351. If failure above 3314 or 3319, balance or liquidation to 3297 as a first step. Then 3278.
Ubi maior minor cessat
  • #7,579
  • Nov 18, 2020 9:35am Nov 18, 2020 9:35am
C period low at half back: take note

And pit went short of 3314 for 2 pips: not a good sign for continuation upside. But let's see.
Ubi maior minor cessat
  • #7,580
  • Nov 18, 2020 9:40am Nov 18, 2020 9:40am
Quoting Lock
C period low at half back: take note And pit went short of 3314 for 2 pips: not a good sign for continuation upside. But let's see.
Let's see if we get acceptation or not above 3297.
Ubi maior minor cessat
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