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Lock's Cable Corner

  • #7,741
  • Nov 26, 2020 2:59am Nov 26, 2020 2:59am
Quoting Lock
Did it test it? Not clear... 33765 yes GB close 3370 yes GB open acceptation above or below them as a first info to consider.
technically we got acceptation below both of them. But watch out for the exact same reasons I stressed in my night post.
Ubi maior minor cessat
  • #7,742
  • Nov 26, 2020 3:09am Nov 26, 2020 3:09am
Quoting Lock
Did it test it? Not clear... 33765 yes GB close 3370 yes GB open acceptation above or below them as a first info to consider.
3370 is now very weak as tagged 2 times: take note.
Ubi maior minor cessat
  • #7,743
  • Nov 26, 2020 3:09am Nov 26, 2020 3:09am
Quoting Lock
{quote} technically we got acceptation below both of them. But watch out for the exact same reasons I stressed in my night post.
With acceptance below both levels, where will you mention as a good level to sell from?
  • #7,744
  • Nov 26, 2020 3:59am Nov 26, 2020 3:59am
Quoting pipcenturion
{quote} With acceptance below both levels, where will you mention as a good level to sell from?
Technically yes, but as I wrote multiple times, there are other factors to consider, especially in this case for the reasons I stressed tonight.
Ubi maior minor cessat
  • #7,745
  • Nov 26, 2020 4:00am Nov 26, 2020 4:00am
D inside period: balance rules apply
Ubi maior minor cessat
  • #7,746
  • Nov 26, 2020 4:33am Nov 26, 2020 4:33am
Quoting Lock
D inside period: balance rules apply
and E inside D period...
Ubi maior minor cessat
  • #7,747
  • Nov 26, 2020 4:44am Nov 26, 2020 4:44am
Quoting Lock
{quote} and E inside D period...
...attempted break below E/D balance
Ubi maior minor cessat
  • #7,748
  • Nov 26, 2020 6:10am Nov 26, 2020 6:10am
they continue to sell at hb.. poor guys... even though there is nobody else here...
Ubi maior minor cessat
  • #7,749
  • Nov 26, 2020 6:14am Nov 26, 2020 6:14am
Quoting Lock
they continue to sell at hb.. poor guys... even though there is nobody else here...
what is "hb"?
  • #7,750
  • Nov 26, 2020 6:15am Nov 26, 2020 6:15am
Quoting pipcenturion
{quote} what is "hb"?
half way back: the middle of current GB session... It's a very common place to buy or sell for day traders. And as any exact ref is a very weak level...
Ubi maior minor cessat
  • #7,751
  • Nov 26, 2020 6:17am Nov 26, 2020 6:17am
Quoting Lock
{quote} half way back: the middle of current GB session... It's a very common place to buy or sell for day traders. And as any exact ref is a very weak level...
Obviously it doesn't mean it cannot continue lower. It means that you must be aware of who is controlling current market because if something will go wrong downside those poor sellers stops will be dead.
Ubi maior minor cessat
  • #7,752
  • Nov 26, 2020 6:19am Nov 26, 2020 6:19am
also note current GB value: is it higher or lower in relation to yesterday GB value? Can it move lower with these last 2 periods left for GB?
Ubi maior minor cessat
  • #7,753
  • Nov 26, 2020 6:25am Nov 26, 2020 6:25am
Quoting Lock
{quote} half way back: the middle of current GB session... It's a very common place to buy or sell for day traders. And as any exact ref is a very weak level...
Okay, thanks.
  • #7,754
  • Nov 26, 2020 6:33am Nov 26, 2020 6:33am
remember 3338 old spike base...
Ubi maior minor cessat
  • #7,755
  • Nov 26, 2020 6:38am Nov 26, 2020 6:38am
and it's bank holiday...
Ubi maior minor cessat
  • #7,756
  • Nov 26, 2020 6:49am Nov 26, 2020 6:49am
Quoting Lock
{quote} half way back: the middle of current GB session... It's a very common place to buy or sell for day traders. And as any exact ref is a very weak level...
current HB is at 3360 btw: there we saw 3 periods in a raw selling at almost exact level....
Ubi maior minor cessat
  • #7,757
  • Nov 26, 2020 9:20am Nov 26, 2020 9:20am
this action (liquidation?) is totally dominated by weak sellers. Note Pit A and B periods high both at 33345 yesterday pit open...
And again, this does not mean it cannot continue lower, it means that you have to be aware of who is ruling this market. Note also that we are into bank holiday so, especially after 18:00 (GB close) you'll have no strong participants at all.
Ubi maior minor cessat
  • #7,758
  • Nov 26, 2020 9:24am Nov 26, 2020 9:24am
Quoting Lock
this action (liquidation?) is totally dominated by weak sellers. Note Pit A and B periods high both at 33345 yesterday pit open... And again, this does not mean it cannot continue lower, it means that you have to be aware of who is ruling this market. Note also that we are into bank holiday so, especially after 18:00 (GB close) you'll have no strong participants at all.
33345 sellers immediately punished.
Ubi maior minor cessat
  • #7,759
  • Nov 26, 2020 9:27am Nov 26, 2020 9:27am
Quoting Lock
remember 3338 old spike base...
and note the tag of 3338 from below: only GB participants can be interested into it and that's clear as they are the only current traders involved into this action... And this is the reason I noted this level before to reach it from above because I know it was and is a GB ref.

And because the involved participants are only GB traders the next visible refs downside (if they really want to put themselves into possible troubles) are 3319, 32985, 32975 and 32925
Ubi maior minor cessat
  • #7,760
  • Nov 26, 2020 9:37am Nov 26, 2020 9:37am
We have only 3 periods to GB close. If someone will decide to profit from this incredible weak liquidation they can start to buy at any moment in time. And we have space up to 3359 at least for this. If instead nobody will enter this market (I'm speaking about stronger participants) this horrible thing can continue lower, step by step towards the levels I underlined into previous post.
Ubi maior minor cessat
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