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Lock's Cable Corner

  • #201
  • Sep 19, 2016 3:04am Sep 19, 2016 3:04am
Hi Lock, A quick question. It is a bank holiday in Japan today. Do you still reference the Tokyo sessions?
Striving for consistency
  • #202
  • Sep 19, 2016 3:24am Sep 19, 2016 3:24am
Still in short covering mode, C period for now is inside bar of B period.
Ubi maior minor cessat
  • #203
  • Sep 19, 2016 3:26am Sep 19, 2016 3:26am
Quoting Wdfx
Hi Lock, A quick question. It is a bank holiday in Japan today. Do you still reference the Tokyo sessions?
Yes, specially in such a case. The short covering is old business so it is weak for definition because it is not new money buying. Now if you also have a short covering made without Japan banks you obtain an even weaker environment. This does not mean it cannot last, it means it is particularly weak.
Ubi maior minor cessat
  • #204
  • Sep 19, 2016 3:41am Sep 19, 2016 3:41am
Quoting Lock
{quote} C period low tagged again the Tokyo high. Now it is even weaker. Carry this inf. for.
D period low at half back. >> 10:44 and then tags the Tokyo high again! So B C D period lows are at the same level. Very very weak. If there will be continuation upwards from here (without any correction below this cluster), watch out: it will be clearly forcing action.
Ubi maior minor cessat
  • #205
  • Sep 19, 2016 3:55am Sep 19, 2016 3:55am
Quoting Lock
{quote} D period low at half back. >> 10:44 and then tags the Tokyo high again! So B C D period lows are at the same level. Very very weak. If there will be continuation upwards from here (without any correction below this cluster), watch out: it will be clearly forcing action.
Cluster corrected and now D period low is weak at open tag 30515.
Ubi maior minor cessat
  • #206
  • Sep 19, 2016 3:59am Sep 19, 2016 3:59am
Quoting Lock
{quote} Cluster corrected and now D period low is weak at open tag 30515.
removed. Now D at daily bracket high again. (well inside Tokyo range) If the break out below C will work and if there will be confirmation below 30464 this action could continue lower.
Ubi maior minor cessat
  • #207
  • Sep 19, 2016 4:12am Sep 19, 2016 4:12am
A B periods poor low. A lot of efforts to stay below 30465 and the early morning low (A period low). Only weak money here. Very narrow range for GB session (31 pips) Dangerous environment.
Ubi maior minor cessat
  • #208
  • Sep 19, 2016 4:34am Sep 19, 2016 4:34am
Quoting Lock
A B periods poor low. A lot of efforts to stay below 30465 and the early morning low (A period low). Only weak money here. Very narrow range for GB session (31 pips) Dangerous environment.
Ok below 3046....
Don't Leave Money on the Table
  • #209
  • Sep 19, 2016 4:38am Sep 19, 2016 4:38am
Quoting HaLBot
{quote} Ok below 3046....
Right. But now we have to confirm here for continuation. Note that E period was inside bar of D period. So we have also a further attempted break down here (from C and then from D periods) Idon't like this move, it is very grinding. But if it last Tokyo session should not offer a great support considering the Sydney poor low and the japan bank holiday. But I repeat it I do not llike the way is coming down. I mean: I would like to see an acceleration here, not a stallmate. Let's see.
Ubi maior minor cessat
  • #210
  • Sep 19, 2016 5:10am Sep 19, 2016 5:10am
Quoting Lock
{quote} Right. But now we have to confirm here for continuation. Note that E period was inside bar of D period. So we have also a further attempted break down here (from C and then from D periods) Idon't like this move, it is very grinding. But if it last Tokyo session should not offer a great support considering the Sydney poor low and the japan bank holiday. But I repeat it I do not llike the way is coming down. I mean: I would like to see an acceleration here, not a stallmate. Let's see.
As you see... Note that the F attempted breakout failed and we have not confirmation below 30465. Also note that we are back inside the period C little balance.
After a move like the one seen during Friday it is pretty normal to have a market like this. Now let's see if it want to test the B period high (3075) or if it want to remain here and continue balance.
Ubi maior minor cessat
  • #211
  • Sep 19, 2016 5:35am Sep 19, 2016 5:35am
Now G period low is at round 3050 while H period low is, again, at open price 30515. Very weak environment.
Ubi maior minor cessat
  • #212
  • Sep 19, 2016 5:43am Sep 19, 2016 5:43am
Quoting Lock
Now G period low is at round 3050 while H period low is, again, at open price 30515. Very weak environment.
both removed. And now again at the upper daily bracket high 30465. Price tested it from above 4 times in the last 4 hours. And 4 times from below in the last 8 hours. Just to underline its importance.

I'm off for sometime...
Ubi maior minor cessat
  • #213
  • Sep 19, 2016 7:35am Sep 19, 2016 7:35am
Quoting Lock
{quote} ... After a move like the one seen during Friday it is pretty normal to have a market like this. Now let's see if it want to test the B period high (3075) or if it want to remain here and continue balance.
Well, it looks like nothing happened in the last couple of hours...

PreUS opened inside yes pit range/value and is balancing. Let's see if it will continue with this short covering.

Please note the A period low of current preUS session: it is exactly at the lower daily bracket high 30465!
Ubi maior minor cessat
  • #214
  • Sep 19, 2016 7:41am Sep 19, 2016 7:41am
Quoting Lock
{quote} Well, it looks like nothing happened in the last couple of hours... PreUS opened inside yes pit range/value and is balancing. Let's see if it will continue with this short covering. Please note the A period low of current preUS session: it is exactly at the lower daily bracket high 30465!
We will see what US data have in stock for us soon.
  • #215
  • Sep 19, 2016 8:01am Sep 19, 2016 8:01am
Quoting Lock
{quote} As you see... Note that the F attempted breakout failed and we have not confirmation below 30465. Also note that we are back inside the period C little balance. After a move like the one seen during Friday it is pretty normal to have a market like this. Now let's see if it want to test the B period high (3075) or if it want to remain here and continue balance.
And, after the balance, eventually it is now testing the GB high at 3075.

If there is some continuation in this weak short covering, the pit anomalies to correct, as previously written, are 30807-30853, 3105-3107.

Do not forget how dangerous this move is. We got a pit poor low from Friday followed by a Sydney poor low from tonight, and all the Tokyo session was without banks!
Ubi maior minor cessat
  • #216
  • Sep 19, 2016 8:32am Sep 19, 2016 8:32am
Pit US opens inside Friday range at the top of its value. Friday pit was a double distribution session and we are now inside the upper distribution. For continuation higher we want to see price confirming above it (upper distribution range: 3066-3091).

Note that inventories from Friday are now 100% long, because all the action occurred after Friday close happened above unchange (close price around 3000). But in any case the inventories from Friday was soo short that this could be skipped for some more time (meaning some more short covering before to start to correct current overnight activity.) But let's see. We are now testin overnight high (preUS high)

Quoting Lock
{quote} And, after the balance, eventually it is now testing the GB high at 3075. If there is some continuation in this weak short covering, the pit anomalies to correct, as previously written, are 30807-30853, 3105-3107. Do not forget how dangerous this move is. We got a pit poor low from Friday followed by a Sydney poor low from tonight, and all the Tokyo session was without banks!

Friday pit anomaly 30807-30853 corrected. We are still inside the upper distribution from Friday.
Ubi maior minor cessat
  • #217
  • Sep 19, 2016 8:59am Sep 19, 2016 8:59am
Quoting Lock
Pit US opens inside Friday range at the top of its value. Friday pit was a double distribution session and we are now inside the upper distribution. For continuation higher we want to see price confirming above it (upper distribution range: 3066-3091). Note that inventories from Friday are now 100% long, because all the action occurred after Friday close happened above unchange (close price around 3000). But in any case the inventories from Friday was soo short that this could be skipped for some more time (meaning some more...
3091 the top of the upper distribution tagged at the pip.

A B periods poor high/poor low after the testing of the upper distribution high.
Ubi maior minor cessat
  • #218
  • Sep 19, 2016 9:15am Sep 19, 2016 9:15am
16:15 +1 GMT And now here is the test of the low of the upper distribution at 3066 tagged at the pip.

Now, as for continuation of the short covering upwards we want to see price confirming above 3091, for continuation downwards we need to see price find acceptation below 3066.
Ubi maior minor cessat
  • #219
  • Sep 19, 2016 9:36am Sep 19, 2016 9:36am
3066 tagged again by C period low: again poor high (A B period highs) and poor low (B C period lows)
Ubi maior minor cessat
  • #220
  • Sep 19, 2016 9:51am Sep 19, 2016 9:51am
Quoting Lock
3066 tagged again by C period low: again poor high (A B period highs) and poor low (B C period lows)
B C poor low removed, now testing below 3066.
Ubi maior minor cessat
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