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Lock's Cable Corner

  • #8,241
  • Feb 1, 2021 2:29am Feb 1, 2021 2:29am
Quoting Lock
{quote} open, test current year high 3758 and now testing 3727 and 37225
if nothing below 37225, back to current high. If acceptation below it, liquidation can continue lower
Ubi maior minor cessat
  • #8,242
  • Feb 1, 2021 2:33am Feb 1, 2021 2:33am
B period high at half back:watch out if you'll see nothing below 37225 or 3727
Ubi maior minor cessat
  • #8,243
  • Feb 1, 2021 2:40am Feb 1, 2021 2:40am
...as clearly current high is weak as it is a tag of previous weak GB year high 3758. So you are only seeing a liquidation. It can last but it can also do not last
Ubi maior minor cessat
  • #8,244
  • Feb 1, 2021 2:41am Feb 1, 2021 2:41am
Quoting Lock
...as clearly current high is weak as it is a tag of previous weak GB year high 3758. So you are only seeing a liquidation. It can last but it can also do not last
so levels that can stop this are, repeat them: 3727, 37225, 3721 and 37015
Ubi maior minor cessat
  • #8,245
  • Feb 1, 2021 3:16am Feb 1, 2021 3:16am
Dear Lock,
your words are a bit complicated for me to understand... so if you don't mind, my understanding is... when we see H1 close under 1,37225, then we expect liquidation, so GU will go short? Or you saw weak current high, so you presume now it doesn't matter of 1,37225 and we are going to sell GU?
  • #8,246
  • Feb 1, 2021 3:30am Feb 1, 2021 3:30am
Quoting Lock
{quote} so levels that can stop this are, repeat them: 3727, 37225, 3721 and 37015
..as you may appreciate...
Ubi maior minor cessat
  • #8,247
  • Feb 1, 2021 3:31am Feb 1, 2021 3:31am
Quoting Milan
Dear Lock, your words are a bit complicated for me to understand... so if you don't mind, my understanding is... when we see H1 close under 1,37225, then we expect liquidation, so GU will go short? Or you saw weak current high, so you presume now it doesn't matter of 1,37225 and we are going to sell GU?
not so easy to explain in a few words. I'll try to answer later. I suggest to read some of my posts in the mean while.
Ubi maior minor cessat
  • #8,248
  • Feb 1, 2021 3:32am Feb 1, 2021 3:32am
Quoting Lock
B period high at half back:watch out if you'll see nothing below 37225 or 3727
and here we are at half back 3743: watch out again as we are in a rotational environment
Ubi maior minor cessat
  • #8,249
  • Feb 1, 2021 3:54am Feb 1, 2021 3:54am
Quoting Milan
Dear Lock, your words are a bit complicated for me to understand... so if you don't mind, my understanding is... when we see H1 close under 1,37225, then we expect liquidation, so GU will go short? Or you saw weak current high, so you presume now it doesn't matter of 1,37225 and we are going to sell GU?
U should get used to market profile
Twitter: Rummer_grapes
  • #8,250
  • Feb 1, 2021 4:23am Feb 1, 2021 4:23am
Quoting Lock
{quote} and here we are at half back 3743: watch out again as we are in a rotational environment
as you may appreciate again...
Ubi maior minor cessat
  • #8,251
  • Feb 1, 2021 4:24am Feb 1, 2021 4:24am
Quoting Bacco
{quote} U should get used to market profile
yes indeed...
Ubi maior minor cessat
  • #8,252
  • Feb 1, 2021 4:35am Feb 1, 2021 4:35am
Quoting Lock
{quote} so levels that can stop this are, repeat them: 3727, 37225, 3721 and 37015
and here we are at spike base 37015
Ubi maior minor cessat
  • #8,253
  • Feb 1, 2021 4:41am Feb 1, 2021 4:41am
Note that 36985 is pit unch of January: so it is testing January pit close before preUS open
Ubi maior minor cessat
  • #8,254
  • Feb 1, 2021 5:00am Feb 1, 2021 5:00am
Quoting Lock
Note that 36985 is pit unch of January: so it is testing January pit close before preUS open
Did you appreciate the precision?
Ubi maior minor cessat
  • #8,255
  • Feb 1, 2021 5:07am Feb 1, 2021 5:07am
Now, watch out again, as if it will not gain acceptance above 3721, 37225 and 3727 it can rotate again.
Ubi maior minor cessat
  • #8,256
  • Feb 1, 2021 5:10am Feb 1, 2021 5:10am
Quoting Lock
Now, watch out again, as if it will not gain acceptance above 3721, 37225 and 3727 it can rotate again.
if acceptance above them, we can instead see a new test of current high 3758 or at least remain into balance waiting for PreUS participants.
Ubi maior minor cessat
  • #8,257
  • Feb 1, 2021 5:43am Feb 1, 2021 5:43am
Quoting Lock
Now, watch out again, as if it will not gain acceptance above 3721, 37225 and 3727 it can rotate again.
as you see failure at the first of them (3721) and again rotation...
Ubi maior minor cessat
  • #8,258
  • Feb 1, 2021 6:36am Feb 1, 2021 6:36am
Quoting Lock
{quote} as you see failure at the first of them (3721) and again rotation...
3727 is also 50% retracement of last move
  • #8,259
  • Feb 1, 2021 6:39am Feb 1, 2021 6:39am
Friday pit session has been an inside one: its range is included into Thursday pit session range.

So consider any attempt above or below it as an attempted breakout from balance: balance rules apply.

I will not be present during US sessions
Ubi maior minor cessat
  • #8,260
  • Feb 1, 2021 6:42am Feb 1, 2021 6:42am
Quoting Milan
{quote} 3727 is also 50% retracement of last move
Yes: I period high tagged half back again. So the GB session has a very weak structure coming down. But now new participants will step in. So you have to take into consideration both, GB weaknesses upside and what US participants will need to do first. Have a nice trading.
Ubi maior minor cessat
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