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Attachments: Lock's Cable Corner
Exit Attachments

Lock's Cable Corner

Please note that F period is inside E period that is inside D period that is inside C period... The balance rule is: Go with the breakout if any and monitor for continuation.
Consider anyhow that when a price has been tested so many time it is particularly weak but, at the same time it is also an indicator for the fact that the action attempting all this test is not particularly strong. So generally a cluster do not lead to a strong continuation when finally forced. So in the hypothesis of a breakout upside I will not expect really serius buy above it. At the same time a breakout downside without the correction of the up cluster will be very very weak and consequently very very risky..
Ubi maior minor cessat
Quoting Lock
Please note that F period is inside E period that is inside D period that is inside C period... The balance rule is: Go with the breakout if any and monitor for continuation. Consider anyhow that when a price has been tested so many time it is particularly weak but, at the same time it is also an idnicator for the fact that the action attempting all this test is not particularly strong. So generally a cluster do not lead to a strong continuation when finally forced.
Hi Lock, Although we have these inside bars do you think it is still likely to break lower?
Striving for consistency
Quoting Wdfx
{quote} Hi Lock, Although we have these inside bars do you think it is still likely to break lower?
The inside bars mean balance. A balance could lead to a break above or below. You have no indications about the direction from inside bars. The narrower the balance the bigger the breakout, generally, but all this situation is particularly weak so a false (or more than 1 false) breakout could accurr here, before to eventually establish a concrete direction.

If it will break lower without a correction upwards, anyhow, I will not be in to it. And if it will break above I firstly will close my short from above the GB session high. Then I will see the reaction above the cluster.
Ubi maior minor cessat
Thanks Lock for the clarification
Striving for consistency
This thread is very good - thanks Lock
Hey Lock...I think breakout to the upside, we got 10 year gilts yields up, brent up and dollar index heading down....
Quoting HaLBot
Hey Lock...I think breakout to the upside, we got 10 year gilts yields up, brent up and dollar index heading down....
Striving for consistency
Quoting Wdfx
Thanks Lock for the clarification
You're welcome.

Quoting chiny-fx
This thread is very good - thanks Lock
Thanks for it. You're welcome too by everyone here.

Quoting HaLBot
Hey Lock...I think breakout to the upside, we got 10 year gilts yields up, brent up and dollar index heading down....
G is attempting a breakout and tagged the B period high (open price for GB session) that now is weaker than before. But now, for continuation upside I would like to see acceleration above here and specially above B period high. USDX is balancing and, yes, it could breakdown. But is not breaking yet. Let's see.

Quoting Lock
... G is attempting a breakout and tagged the B period high (open price for GB session) that now is weaker than before. But now, for continuation upside I would like to see acceleration above here and specially above B period high. USDX is balancing and, yes, it could breakdown. But is not breaking yet. Let's see.
B period high removed but now I want to see acceleration because we are against daily trend down and in such a condition I will not be very patient.

Quoting Lock
{quote} B period high removed but now I want to see acceleration because we are against daily trend down and in such a condition I will not be very patient.
And in fact we are back into balance...
Ubi maior minor cessat
Now we have an 8 letters POC so, unless a spike test in the last two periods of GB session we could also remain around here up to preUS open.

Balance rules say that when a breakout fails in one direction the possible natural target is at the opposite side of the balance. In this case if the H period breakout will be a failure upside the opposite side of the ebalance is D period low and consequently the possible natural target here.
Ubi maior minor cessat
Quoting Lock
Now we have an 8 letters POC so, unless a spike test in the last two periods of GB session we could also remain around here up to preUS open. Balance rules say that when a breakout fails in one direction the possible natural target is at the opposite side of the balance. In this case if the H period breakout will be a failure upside the opposite side of the ebalance is D period low and consequently the possible natural target here.

D low reached. It is not so much but that's it. Now let's see if it want to do a spike test or not from here.
Ubi maior minor cessat
Quoting Lock
{quote} D low reached. It is not so much but that's it. Now let's see if it want to do a spike test or not from here.
no acceleration involved

I see accumulation @2925

let us see how the hour closes

Best
D.P.
Hunting High and Low
Quoting Dr.Phoenix
{quote} no acceleration involved I see accumulation @2925 let us see how the hour closes Best D.P.
GB is now at Friday pit session low, just at the top of the old gap up from the 15 of August. If we remain down here preUS will open with a gap down. If above instead, it will open right inside the Fiday pit balance around the composit poc 2968. If preUS will gap down and resist up to pitUS open we could see a final correction of the old gap down to the 15 of August high. If it will open inside Friday pit US we could expect initial acceptation of Friday range and relative balance.

Best L.

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Ubi maior minor cessat
PreUS open with a very small gap lower, right at the top of the old pit gap up (2938) and well inside the Friday preUS C period range (2914-2955). For continuation downside we want to see, again, the current gap down preserved untill pit open and the low of today GB session ( 29155) tagging the low from Friday preUS (2914), reached as soon as possible.
Ubi maior minor cessat
Quoting Lock
PreUS open with a very small gap lower, right at the top of the old pit gap up (2938) and well inside the Friday preUS C period range (2914-2955). For continuation downside we want to see, again, the current gap down preserved untill pit open and the low of today GB session ( 29155) tagging the low from Friday preUS (2914), reached as soon as possible.
Watch out if it instead will come back inside friday pit session range (2938-2974), retracing the current little preUS gap lower. In this case we have a big pole of attraction at 2968 and the possibility to retrace at least up to today Tokyo poor high cluster 29865. Also note that Friday composite preUs+pitUS profile has a poor high (29755). In any case this move down is forcing action and consequently it is very risky (as written many times).
Ubi maior minor cessat
Quoting Lock
{quote} Watch out if it instead will come back inside friday pit session range (2938-2974), retracing the current little preUS gap lower. In this case we have a big pole of attraction at 2968 and the possibility to retrace at least up to today Tokyo poor high cluster 29865. Also note that Friday composite preUs+pitUS profile has a poor high (29755). In any case this move down is forcing action and consequently it is very risky (as written many times).

PreUS gap down retraced, Friday pit low tagged, back inside Friday pit session range. Now let's see if B will close inside here and eventually if C period will confirm here too or not. This is important because if preUS C will close inside Friday pit range, upcoming pit session will open in balance.

Note preUS A B period lows formed a poor low at 29235. This is obviously very important considering the old pit poor low at 2865.
Ubi maior minor cessat
Quoting Lock
{quote} PreUS gap down retraced, Friday pit low tagged, back inside Friday pit session range. Now let's see if B will close inside here and eventually if C period will confirm here too or not. This is important because if preUS C will close inside Friday pit range, upcoming pit session will open in balance. Note preUS A B period lows formed a poor low at 29235. This is obviously very important considering the old pit poor low at 2865.
So Pit US is going to open inside Friday pit range: balance expected at least initially.
Ubi maior minor cessat
Quoting Lock
{quote} PreUS gap down retraced, Friday pit low tagged, back inside Friday pit session range. Now let's see if B will close inside here and eventually if C period will confirm here too or not. This is important because if preUS C will close inside Friday pit range, upcoming pit session will open in balance. Note preUS A B period lows formed a poor low at 29235. This is obviously very important considering the old pit poor low at 2865.
Sir, are you suggesting to watch out for g/u 1.292** today based on the US charting and Data?
Quoting actionmoney
{quote} Sir, are you suggesting to watch out for g/u 1.292** today based on the US charting and Data?
Current pit session opened inside Friday pit session range (2938-2974). So for this reason initial acceptation of that range is expected. And in fact we are balancing inside it for now. Then, if price will breakout we could test above or below it.
Ubi maior minor cessat
Quoting Lock
{quote} Current pit session opened inside Friday pit session range (2938-2974). So for this reason initial acceptation of Fridy range is expected. Then, if price will breakout we could test above or below it.
Thank you so much for your kind response.

God bless you.
Quoting actionmoney
{quote} Thank you so much for your kind response. God bless you.
As you know, you're always wellcome.
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