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Lock's Cable Corner

  • #8,061
  • Dec 15, 2020 5:52am Dec 15, 2020 5:52am
Target 3377 considered acquired . All position closed.

Watch out after 3377 or 33805 as after the filling the US reversal option is clearly a possibility as stressed this morning in the first post...
Ubi maior minor cessat
  • #8,062
  • Dec 15, 2020 6:00am Dec 15, 2020 6:00am
And if you like my notes, please, subscribe me. Thank you. See you later in the pit session or tomorrow. Have a nice continuation.
Ubi maior minor cessat
  • #8,063
  • Dec 16, 2020 1:05am Dec 16, 2020 1:05am
Now, after a very modest correction (balance) performed by preUS and Pit, new US participants opted to skip completely the weekly gap left downside. And this is an important info. It can be useful if something will go wrong upside and currently give us an insight in US participants efforts.

GB will probably open with a new gap upside. The daily trend downside has been interrupted yesterday and as a consequence we are now in a monthly trend upside confirmed and a weekly and daily balance.

GB yesterday closed at 3430 almost exactly at 2019 GB high (34295) and current price is around old GB 2020 high (September high 3466) and slightly below GB December and yearly high 34935 and highest GB close for the year at 34955: these two level are clearly very psychological and if the new possible gap upside will occur and will be respected are clearly possible targets for a GB test.
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  • #8,064
  • Dec 16, 2020 1:27am Dec 16, 2020 1:27am
@lock, good morning

do you see the possibility of a test of the 1.3386 level as a decision point before buying/selling will be determined for the day?
  • #8,065
  • Dec 16, 2020 1:56am Dec 16, 2020 1:56am
Quoting pipcenturion
@lock, good morning do you see the possibility of a test of the 1.3386 level as a decision point before buying/selling will be determined for the day?

Good morning,
3386 is below current GB gap base 3397 (also GB November high): it's a significant price zone but is far away from current location. Now Tokyo is pre-testing the GB yearly levels (3483, 34935 and 34955): a possible GB rejection above such levels could ignite a liquidation. And in such a case yesterday GB high 3397 can be revisited. generally take this market a piece at a time.
Ubi maior minor cessat
  • #8,066
  • Dec 16, 2020 2:02am Dec 16, 2020 2:02am
GB testing its year high 34935, above it highest GB close of the year 34955: acceptation above it can lead to continuation, rejection above them can lead to liquidation. At least temporary.
Ubi maior minor cessat
  • #8,067
  • Dec 16, 2020 2:08am Dec 16, 2020 2:08am
Quoting Lock
{quote} Good morning, 3386 is below current GB gap base 3397 (also GB November high): it's a significant price zone but is far away from current location. Now Tokyo is pre-testing the GB yearly levels (3483, 34935 and 34955): a possible GB rejection above such levels could ignite a liquidation. And in such a case yesterday GB high 3397 can be revisited. generally take this market a piece at a time.
Thank you.
  • #8,068
  • Dec 16, 2020 2:22am Dec 16, 2020 2:22am
35145 previous 2020 Sydney absolute high. 35365 Pit Dec high, 35395 current 2020 absolute high (preUS)

For now still testing its own yearly levels 34955 and 34935
Ubi maior minor cessat
  • #8,069
  • Dec 16, 2020 3:21am Dec 16, 2020 3:21am
Monitor for C possible inside period....if so balance rules will apply...
Ubi maior minor cessat
  • #8,070
  • Dec 16, 2020 3:27am Dec 16, 2020 3:27am
Note that 34145 is the absolute high of 2019 made during December: what a psychological level considering that we are in December 2020 !!
Ubi maior minor cessat
  • #8,071
  • Dec 16, 2020 3:28am Dec 16, 2020 3:28am
Quoting Lock
Monitor for C possible inside period....if so balance rules will apply...
Can u explain plz what is c inside period, thanks in advance.
  • #8,072
  • Dec 16, 2020 3:29am Dec 16, 2020 3:29am
Quoting Ysfbeck
{quote} Can u explain plz what is c inside period, thanks in advance.
m30 period contained inside the range of previous m30 period: it's a balance. Balance rules apply here....
Ubi maior minor cessat
  • #8,073
  • Dec 16, 2020 3:31am Dec 16, 2020 3:31am
Possible liquidation looming IF the current hour closes with a bearish body.
  • #8,074
  • Dec 16, 2020 3:37am Dec 16, 2020 3:37am
Quoting Lock
35145 previous 2020 Sydney absolute high. 35365 Pit Dec high, 35395 current 2020 absolute high (preUS) For now still testing its own yearly levels 34955 and 34935
We got acceptation above 34955 and 34925, main GB yearly levels but in any case balance rules will prevail whatever the outcome.
Current D low at HB weak level.
Ubi maior minor cessat
  • #8,075
  • Dec 16, 2020 3:38am Dec 16, 2020 3:38am
Quoting pipcenturion
Possible liquidation looming IF the current hour closes with a bearish body.
h2 is going to retrace. short open 3510 for 100 pips.
Twitter: Rummer_grapes
  • #8,076
  • Dec 16, 2020 3:41am Dec 16, 2020 3:41am
A liquidation is absolutely possible considering that we got no acceptation above 35145 and we are in a balance environment. But take this market a piece at a time. GB has a gap upside up to current GB low 3473. This gap is working as support. A serious liquidation will mean the fill of such gap down to 3397. Everything is possible but act upon market generated info. C period is our balance. Use balance rules to decide.
Ubi maior minor cessat
  • #8,077
  • Dec 16, 2020 3:43am Dec 16, 2020 3:43am
Quoting Lock
A liquidation is absolutely possible considering that we got no acceptation above 34145 and we are in a balance environment. But take this market a piece at a time. GB has a gap upside up to current GB low 3473. This gap is working as support. A serious liquidation will mean the fill of such gap down to 3397. Everything is possible but act upon market generated info. C period is our balance. Use balance rules to decide.
thanks for the update and sorry for posting once in a while but your levels are very similar to mine even if i use a different system. Following that i see entries only for shorts now.
Mine says liquidation to 3432 - 3398 on h2 intraday.

Short long term on daily
Twitter: Rummer_grapes
  • #8,078
  • Dec 16, 2020 4:53am Dec 16, 2020 4:53am
Quoting Bacco
{quote} thanks for the update and sorry for posting once in a while but your levels are very similar to mine even if i use a different system. Following that i see entries only for shorts now. Mine says liquidation to 3432 - 3398 on h2 intraday. Short long term on daily
What I see now is: absolutely nothing. We are at a major psychological level (2019 high) made during December. We are in December in the last tradable days of it, before major GB news. There's nobody here. No serious participants involved.

Current GB high is poor and I do not think it can remain a good GB high for December. We have a huge gap upside for GB and the possibility for upcoming Pit session to attempt a test of its own December high that is only slightly above current price location. So in my opinion we will see nothing until PreUS or Pit open, then a retest of Pit 2020 high and some stop hunting here and there.

Clearly if upcoming preUS and Pit sessions will test their own yearly highs and if they will obtain acceptation above it, something major can also occur. At the opposite I think that if PreUS and Pit will attempt above their yearly highs and fail, whit any probability we will have a substantial liquidation toward weekly gap at least...
Ubi maior minor cessat
  • #8,079
  • Dec 16, 2020 6:56am Dec 16, 2020 6:56am
Quoting Lock
{quote}..... So in my opinion we will see nothing until PreUS or Pit open, then a retest of Pit 2020 high and some stop hunting here and there. Clearly if upcoming preUS and Pit sessions will test their own yearly highs and if they will obtain acceptation above it, something major can also occur. At the opposite I think that if PreUS and Pit will attempt above their yearly highs and fail, whit any probability we will have a substantial liquidation toward weekly gap at least...
I was partially wrong as GB managed with complex maneuvers without waiting for preUS to test of its own the absolute PreUS high 35395: now the game is clearly in the hands of upcoming preUS and Pit participants: As written, anyhow, for continuation upside we need clear acceptation of Pit above this level. If rejected, I can see only a substantial liquidation. If accepted, watch out as it can be something serious.

Note that there is an old Pit gap downside from 3556 to 35365. Pit can be interested in the fill of it. Note also that from yesterday Pit high 3470 there is a significant space: if at Pit open we will see price above such level we will have a new pit gap upside.
Ubi maior minor cessat
  • #8,080
  • Dec 16, 2020 7:03am Dec 16, 2020 7:03am
Note that in case of acceptation above 35365 (pi 2020 high) and 35395 (previous preUS high) the possible pit target is a back to back weekly high from May 2018 at 3607.
Ubi maior minor cessat
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