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Lock's Cable Corner

  • #401
  • Sep 26, 2016 9:36am Sep 26, 2016 9:36am
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).
B period made the first test above Friday pit unchanged (close price), Current D period low is at round 2950. Price is still balancing inside Friday range and is very close to the composite poc at 2968...
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  • #402
  • Sep 26, 2016 9:38am Sep 26, 2016 9:38am
Quoting Lock
{quote} B period made the first test above Friday pit unchanged (close price), Current D period low is at round 2950. Price is still balancing inside Friday range and is very close to the composite poc at 2968...
Is it possible in any way that the price come down back to 2920 ?
  • #403
  • Sep 26, 2016 9:43am Sep 26, 2016 9:43am
A lot of volatility here in the last 2 periods. A little surprised about this even if we are waiting for Draghi.
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  • #404
  • Sep 26, 2016 9:47am Sep 26, 2016 9:47am
Quoting actionmoney
{quote} Is it possible in any way that the price come down back to 2920 ?
Absolutely. We have a lot to do downside. But this does not mean it has to happen today. Take this market a piece at a time. For now we are balancing inside Friday pit range. We got a pit poor high right now and we are around a composite poc that continue to attract price. We need volume to evade this location (in any direction).
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  • #405
  • Sep 26, 2016 9:52am Sep 26, 2016 9:52am
Hi Lock, Its tested the 2967 level three times in the last hour and on its way back up again. How long would you expect to hang around this level either before breaking it and continuing upward or retracing?
Striving for consistency
  • #406
  • Sep 26, 2016 9:54am Sep 26, 2016 9:54am
Quoting Lock
A lot of volatility here in the last 2 periods. A little surprised about this even if we are waiting for Draghi.
I'm a ........

"Initial release time was shifted 60 minutes earlier due to source rescheduling;"

This change everything: very sorry about that. I didn't see this rescheduling.
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  • #407
  • Sep 26, 2016 9:58am Sep 26, 2016 9:58am
Quoting Wdfx
Hi Lock, Its tested the 2967 level three times in the last hour and on its way back up again. How long would you expect to hang around this level either before breaking it and continuing upward or retracing?
Question has answered itself!
Striving for consistency
  • #408
  • Sep 26, 2016 10:00am Sep 26, 2016 10:00am
Quoting Wdfx
Hi Lock, Its tested the 2967 level three times in the last hour and on its way back up again. How long would you expect to hang around this level either before breaking it and continuing upward or retracing?
I've no idea. Now we are testing Friday pit session high. (that is poor considering the tagging of the preUS high) Above that we have today Tokyo cluster poor high. If it will only test above them and fail we could come down again with strength. If instead it will find something above them we could see continuation up inside the old pit gap down retracing the GB anomalies for example. Let's see.

Quoting Lock
{quote} I've no idea. Now we are testing Friday pit session high. (that is poor considering the tagging of the preUS high) Above that we have today Tokyo cluster poor high. If it will only test above them and fail we could come down again with strength. If instead it will find something above them we could see continuation up inside the old pit gap down retracing the GB anomalies for example. Let's see.
Friday poor/weak high corrected. Now it seems it want to test also Tokyo poor high cluster. Still volatility here but now at least it has a reason to be so. Note the strength of 2968, it continue to attract price from below and from above.
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  • #409
  • Sep 26, 2016 10:33am Sep 26, 2016 10:33am
Pit session is in onetimeframing higher mode from start. The first test above Friday high failed. Now it's performing the second attempt. But E is the final period for London. If it will insist with this grinding action I'll be off.
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  • #410
  • Sep 26, 2016 10:36am Sep 26, 2016 10:36am
Quoting Lock
Pit session is in onetimeframing higher mode from start. The first test above Friday high failed. Now it's performing the second attempt.
If it breaks Tokyo's poor high of today is the next target last Thursday's POC at 3039?
Striving for consistency
  • #411
  • Sep 26, 2016 10:41am Sep 26, 2016 10:41am
We seem to test Weekly Pivot to be equal IBLow of the Yesterday's London IB.

Best
D.P.
Hunting High and Low
  • #412
  • Sep 26, 2016 10:45am Sep 26, 2016 10:45am
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).
And here we are. It tagged the Tokyo poor high cluster at 29865. But I do not like this action. It is very grinding and insecure for now. Also the reaction at Tokyo high means that current buyers are not strong. It could continue higher retracing the GB anomalies. But if it will continue in this way I'll close my long.
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  • #413
  • Sep 26, 2016 10:49am Sep 26, 2016 10:49am
Quoting Wdfx
{quote} If it breaks Tokyo's poor high of today is the next target last Thursday's POC at 3039?
It's a clear possibility, also because we have a double pass pit gap in that zone to correct. But we need confirmation above Tokyo high, meaning 2 periods close above it. And this action is very bad. Tempo is exceptionally slow. Let's see. If it will fail above Tokyo we will back down at 2968. And in that case I'll be off for today.
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  • #414
  • Sep 26, 2016 10:50am Sep 26, 2016 10:50am
Quoting Dr.Phoenix
We seem to test Weekly Pivot to be equal IBLow of the Yesterday's London IB. Best D.P.

Yes around Tokyo close at 3004. By the way it's gaining against any close from yesterday but Tokyo infact. That is the higher one.
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  • #415
  • Edited 11:22am Sep 26, 2016 10:57am | Edited 11:22am
Quoting Lock
{quote} Yes around Tokyo close at 3004. By the way it's gaining against any close from yesterday but Tokyo infact. That is the higher one.
my target is right over here

D.P.

P.S. But I must say the weak hands are everywhere
Hunting High and Low
  • #416
  • Sep 26, 2016 11:07am Sep 26, 2016 11:07am
Quoting Lock
{quote} It's a clear possibility, also because we have a double pass pit gap in that zone to correct. But we need confirmation above Tokyo high, meaning 2 periods close above it. And this action is very bad. Tempo is exceptionally slow. Let's see. If it will fail above Tokyo we will back down at 2968. And in that case I'll be off for today.
No way. It didn't test it anymore, and it's now back at 2968. I'm off.
Have a nice continuation!

PS: all the issues above and below remained unsolved today. And we are still here without even a test of the overnight high, nor of the overnight low.

Quoting Dr.Phoenix
{quote} my target is right over here D.P. P.S. But I must say the weak hands is everywhere
Exactly, so watch out! Kind regards and see you tomorrow! Best L.

PPS: A wellcome to SmoothTrader here. I noticed he was following this thread and I found that he is a "Reformed Futures Pit Trader from long ago (1980-1995)". This is very interesting.
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  • #417
  • Sep 26, 2016 11:10am Sep 26, 2016 11:10am
Thanks for all you input and observations today Lock, have a great evening.
Striving for consistency
  • #418
  • Sep 26, 2016 11:20am Sep 26, 2016 11:20am
Quoting Wdfx
Thanks for all you input and observations today Lock, have a great evening.
Thanks to you for your consideration, interest and help. Have a great evening too. Kind regards. L.
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  • #419
  • Edited 1:48am Sep 27, 2016 1:31am | Edited 1:48am
EARLY MORNING REPORT
16 09 27 08:46 +1GMT

Today Tokyo session eventually removed its own yesterday poor high cluster only tagged by yesterday pit session high at 29865. It is currently building a gap higher for upcoming GB session. With this the yesterday GB micro gap down at 2955-2957 will become a double pass gap. We are still in the zone of attraction of the big composite poc at 2968, so unless Tokyo and upcoming GB will be able to evade it with conviction it could be a possible zone of interest even for today.

Downside we left the yesterday poor preUS low at 29235, the weak GB low 29155 (just a couple of pips above the Friday preUS low at 2914) and all the other weaknesses below it down to the 15 of August poor low at 29653.

If instead current Tokyo action, followed by GB (with a gap higher) will continue higher (let's say up to Friday GB session high at 3034) we will se a possible correction of the higher GB double pass gap up to the lower daily bracket high at 30464. Note that during this possible action higher we will see the correction of the last GB anomalies from Friday session: 2987-2990 already corrected by current Tokyo, 3011-3012 (POC), and 3023-3027)

Note also that, as written previously, right above the GB double pass gap (3034-30464) we have an other double pass gap left by pit sessions (at 30464-3065 ) that is an interesting zone also for upcoming pit sessions.
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  • #420
  • Sep 27, 2016 1:58am Sep 27, 2016 1:58am
Quoting Lock
{quote} Yes around Tokyo close at 3004. By the way it's gaining against any close from yesterday but Tokyo infact. That is the higher one.
Please note that current Tokyo high tagged exactly (at the pip) the Friday Tokyo close price at 3004.
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