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Lock's Cable Corner

  • #161
  • Sep 16, 2016 4:15am Sep 16, 2016 4:15am
Lock,

How much letters we need to decide the price has been accepted by players?

Best
D.P.
Hunting High and Low
  • #162
  • Sep 16, 2016 4:17am Sep 16, 2016 4:17am
An other little sign of weakness: B and D period highs both tagging yesterday London close at 3214. That was also the June lowest close for London.

Now, as normal, C was inside bar of B, D attempted a breakout above C high, failed, and as you see price is now well inside C range aiming to its bottom (opposite side of this little cute balance) Also note that we have now a 5 letters POC for GB. And we are playing around round 3200 and 3191 major POC from the 15 of August.

Quoting Dr.Phoenix
Lock, How much letters we need to decide the price has been accepted by players? Best D.P.
Good question. Technically a couple of periods developing around a particular level mean acceptation of that level. At the same time Dalton was used to say: "do not try to make a science of this" referring to all the rules it was teaching us.
Ubi maior minor cessat
  • #163
  • Sep 16, 2016 4:26am Sep 16, 2016 4:26am
POWER IS OUT HERE IN MY LOCATION TODAY AGAIN... Nigeria sucks @ that!

Will have to hibernate now and follow up on my mobile till US open.
  • #164
  • Sep 16, 2016 4:29am Sep 16, 2016 4:29am
Quoting Lock
An other little sign of weakness: B and D period highs both tagging yesterday London close at 3214. That was also the June lowest close for London. Now, as normal, C was inside bar of B, D attempted a breakout above C high, failed, and as you see price is now well inside C range aiming to its bottom (opposite side of this little cute balance) Also note that we have now a 5 letters POC for GB.
it is normal behaviour.

Quoting Lock
Good question. Technically a couple of periods developing around a particular level mean acceptation
at least ...

But IMO we should have 4 - 8 periods.

Best
D.P.
Hunting High and Low
  • #165
  • Sep 16, 2016 4:55am Sep 16, 2016 4:55am
Quoting actionmoney
POWER IS OUT HERE IN MY LOCATION TODAY AGAIN... Nigeria sucks @ that! Will have to hibernate now and follow up on my mobile till US open.
All the world is stealing oil from Nigeria. And this is one of the consequences. Nigeria (as people) is a victim of this, in my opinion.
Ubi maior minor cessat
  • #166
  • Sep 16, 2016 5:06am Sep 16, 2016 5:06am
a visual recap.

Attached Image


and a bigger perspective.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 60 KB
Ubi maior minor cessat
  • #167
  • Sep 16, 2016 5:29am Sep 16, 2016 5:29am
Thanks to LOCK.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: today.png Size: 174 KB
Click to Enlarge Name: today2.png Size: 178 KB
  • #168
  • Sep 16, 2016 5:32am Sep 16, 2016 5:32am
Quoting Lock
{quote} ... The only possible sign of something is changing with this, it's the possibility of a pit gap down late today. I mean, if this liquidation will last downside below yesterday pit low and price will not be able to come back up, creating a gap down for pit US, in this case the scenario will change totally. ....
Now, this break out downside, is aiming to a new test of the half back of the major daily bracket at 31637. The game here is to see if GB action is able to create, as previously written, a possible GAP down for preUS and Pit sessions. If so, as written, the weakness above could be skipped because a gap is a form of excess and could be a substitute for the lack of excess at the top of today Asia.
Ubi maior minor cessat
  • #169
  • Sep 16, 2016 5:34am Sep 16, 2016 5:34am
Quoting Lock
{quote} All the world is stealing oil from Nigeria. And this is one of the consequences. Nigeria (as people) is a victim of this, in my opinion.
You are absolutely correct Lock
Shame on our F.Govt, as we are hard working citizens than always turn shits into Sugar (Opportunism) Lol.


Going off and will be back soon. Can't waste my battery before the SHOW TIME @ 01:30PM GMT+1
  • #170
  • Sep 16, 2016 5:41am Sep 16, 2016 5:41am
Quoting Lock
{quote} Now, this break out downside, is aiming to a new test of the half back of the major daily bracket at 31637. The game here is to see if GB action is able to create, as previously written, a possible GAP down for preUS and Pit sessions. If so, as written, the weakness above could be skipped because a gap is a form of excess and could be a substitute for the lack of excess at the top of today Asia.
Price went down 1 single pip below it. GB is currently in one timeframing mode downside from D period. Alot of single pips for G period. Minus develpment in it.
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  • #171
  • Edited 6:27am Sep 16, 2016 6:07am | Edited 6:27am
Quoting Lock
PREOPENING MORNING REPORT... {image}
I repost here the references above and below written 28 hours ago (I made some correction to the original text because yesterday one of the GB gap down (09.13) has been removed by price action, also I add the numbers of the references above, because yesterday I only add an image for this purpose):

Below:
if we make an other attempt downside, below the major daily bracket half back (31637)
price could enter a zone of firecracker effect, meaning that the removal of the first stops downside could lead to the removal of the following downside stops and so on. This is possible because the possible weak references below are very close one each other. Note that the move up from the 15 of August left behind it something like 11 poor lows in a row. This is extraordinary.

Possible targets if it test down again succesfully.

  1. 31375 09.14 pit session poor low
  2. 31295 09.01 GB session poor low
  3. 31275 08.31 Tokyo session poor low
  4. 3072 08.30 Pit session poor low
  5. 30634 08.30 GB session poor low
  6. 3059 08.29 preUS session poor low
  7. 30335 08.22 Tokyo session poor low
  8. 3023 08.19 preUS+pit US composite poor low
  9. 29585 08.16 pit US poor low
  10. 28785 08.15 Tokyo session poor low
  11. and finally 28655 08.15 Pit session poor low

Above:
In the last price activity downside, starting since the poor high of Tuesday pit session 09.06, we managed to make 7 poor highs in a row from different sessions. This make a possible retracement of all of them a concrete possibility. The only obstacles to this correction are is the current GB gaps down from 09.08 and 09.13. If price will remove them it the odds are in favour for a continuation upside in order to remove all the weak partecipants coming down from Tuesday 09.06.
Also the Pit gap down could offer some resistance**, but if we come above it with GB session then it will be a target in a possible retracement down made (after the correction of tuesday high) by a pit session.

**Note that yesterday GB and pit sessions action upside has been interrupted by this pit gap down. Now right at the bottom of it we have currently a new GB poor high 3248 a Tokyo poor high 3247 and a pit session poor high 3245.

Above them we have:

  1. 33385 Tokyo 09.13 poor high
  2. 33406 Sydney 09.12 poor high(made in the 12 of September after pit 09.12 close)
  3. 33468 Pit 09.12 poor high
  4. 33595 preUS 09.08 poor high
  5. 3421 GB 09.07 poor high
  6. 34228 Tokyo 09.07 poor high
  7. 3431 very prominent pit POC 09.06
  8. and finally 34445 Tuesday 09.06 pit poor high (the top of this current move downside)

Ubi maior minor cessat
  • #172
  • Sep 16, 2016 6:31am Sep 16, 2016 6:31am
Quoting Lock
{quote} Price went down 1 single pip below it. GB is currently in one timeframing mode downside from D period. Alot of single pips for G period. Minus develpment in it.
1 timeframing lower interrupted once by I period (it went above H period high) And we spent 1 hour up and down the major brecket hb 31637, trying to verify what we could find beneath it (new sellers or again buyers as wednsday pit session?).
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  • #173
  • Sep 16, 2016 7:06am Sep 16, 2016 7:06am
PreUS opens with a very little gap downside from yesterday pit low at 31795.
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  • #174
  • Sep 16, 2016 7:36am Sep 16, 2016 7:36am
Quoting Lock
PreUS opens with a very little gap downside from yesterday pit low at 31795.
Now the small preUS gap down resisted to the first 2 preUS periods, and current action is building a bigger gap down for upcoming pit session. If so, and if this possible gap will not be retraced fastly, we could give some possibilities to this action to continue downside. Let's see how preUS will develop (now testing below GB session low). If it fails below GB low and come back into yesterday pit balance (meaning no gap at all for upcoming pit session) we come back in the upwards scenario.
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  • #175
  • Sep 16, 2016 7:44am Sep 16, 2016 7:44am
Quoting Lock
{quote} Now the small preUS gap down resisted to the first 2 preUS periods, and current action is building a bigger gap down for upcoming pit session. If so, and if this possible gap will not be retraced fastly, we could give some possibilities to this action to continue downside. Let's see how preUS will develop (now testing below GB session low). If it fails below GB low and come back into yesterday pit balance (meaning no gap at all for upcoming pit session) we come back in the upwards scenario.
that should be
D.P.
Hunting High and Low
  • #176
  • Sep 16, 2016 7:48am Sep 16, 2016 7:48am
Quoting Dr.Phoenix
{quote} that should be D.P.
Let's say it could be.
I don't really know. references below are very close one each other.at least down to
31295 09.01 GB session poor low
31275 08.31 Tokyo session poor low

Then we have the upper daily bracket low at 31185 that could offer some more support.
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  • #177
  • Sep 16, 2016 7:51am Sep 16, 2016 7:51am
Quoting Lock
{quote} Let's say it could be. I don't really know. references below are very close one each other.at least down to 31295 09.01 GB session poor low 31275 08.31 Tokyo session poor low Then we have the upper daily bracket low at 31185 that could offer some more support.
In fact it took them out. Note a lot of single pips for B period.
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  • #178
  • Sep 16, 2016 7:56am Sep 16, 2016 7:56am
Let me note here that 31275 08.31 Tokyo session poor low has been only tagged not tested below. So an other passage is needed in order to take it out effectively.
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  • #179
  • Sep 16, 2016 8:04am Sep 16, 2016 8:04am
Quoting Lock
Let me note here that 31275 08.31 Tokyo session poor low has been only tagged not tested below. So an other passage is needed in order to take it out effectively.
Well, not good enough. Only 1 pip below it. Still a lot of single pips for B period. But now the important thing is to see what pit session is going to do. If it will open with or without gap downside. This is the major info here.
Ubi maior minor cessat
  • #180
  • Sep 16, 2016 8:14am Sep 16, 2016 8:14am
Note that USDX is breaking upwards having already removed 3 targets above it is now near to a fireckraker effect for the next 4 targets.
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