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Lock's Cable Corner

  • #761
  • Oct 10, 2016 4:35am Oct 10, 2016 4:35am
Quoting Lock
11:03 +1GMT Tokyo close at 2417 and D period inside bar of C period: balance and possible breakout from here. Main composite POC at 2433. Tokyo/GB composite low at 23654.
11:35 +1GMT
Environment even weaker than expected. Possible failure of E period breakout upside. But it left a poor high for GB ( 2423 Friday GB upper distribution low) and it is very close to the composite POC at 2433. If this failure is confirmed, the initial natural target is at D low round 2400. It's very difficult to trade with such volumes anyhow.
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  • #762
  • Oct 10, 2016 4:59am Oct 10, 2016 4:59am
Quoting Lock
{quote} 11:35 +1GMT Environment even weaker than expected. Possible failure of E period breakout upside. But it left a poor high for GB ( 2423 Friday GB upper distribution low) and it is very close to the composite POC at 2433. If this failure is confirmed, the initial natural target is at D low round 2400. It's very difficult to trade with such volumes anyhow.

11:59 +1GMT
Environment too weak for me. I'm off untill tomorrow. Have a nice continuation and watch out because when there is a so low liquidity the market is generally ruled by the weakest of the market partecipants.
Best L.
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  • #763
  • Oct 10, 2016 5:21am Oct 10, 2016 5:21am
Quoting Lock
{quote} 11:35 +1GMT Environment even weaker than expected. Possible failure of E period breakout upside. But it left a poor high for GB ( 2423 Friday GB upper distribution low) and it is very close to the composite POC at 2433. If this failure is confirmed, the initial natural target is at D low round 2400. It's very difficult to trade with such volumes anyhow.
12:21 +1GMT

BTW the opposite side of the balance (D period low at round 2400) tagged. Now it is weaker than before. But everything here is weak so anything is possible now.

Again, Best L.
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  • #764
  • Edited 2:01am Oct 11, 2016 1:49am | Edited 2:01am
08:51 +1GMT
EARLY MORNING REPORT

Possible (quite sure) GB gap downside, because we are below yesterday GB low at 2366. Yesterday GB session range/value was inside Friday GB session/value: inside session and possible (now sure) breakout. If it will retrace quickly the gap downside we could experience an outside session*. If not we could have continuation downside. This is the first Tokyo session with both Japan and China present: that is more significant than those of the last week (China bank holiday) and yesterday (Tokyo bank holiday). The main POC is stil at 2433. So if something will go wrong downside a first point of attraction will be there.

Outside session means a failure below yesterday range, a full retracement of yesterday session and a close above yesterday high at 24295: it is a rare event but it could happen.
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  • #765
  • Oct 11, 2016 2:11am Oct 11, 2016 2:11am
In the USDX yesterday was an inside day and it is currently attempting a breakout upside from yesterday balance.
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  • #766
  • Oct 11, 2016 2:22am Oct 11, 2016 2:22am
09:22 +1GMT
Price up and down Tokyo low, A period high at round 2300.
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  • #767
  • Oct 11, 2016 2:31am Oct 11, 2016 2:31am
09:31 +1GMT
B period high at open price 22915
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  • #768
  • Oct 11, 2016 2:35am Oct 11, 2016 2:35am
Quoting Lock
09:22 +1GMT Price up and down Tokyo low, A period high at round 2300.
Quoting Lock
09:31 +1GMT B period high at open price 22915
Retracement inside Tokyo range, test below Tokyo low(overnight low) failed once. Both A and B period weak highs taken out.
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  • #769
  • Oct 11, 2016 2:48am Oct 11, 2016 2:48am
9:48 +1GMT
Still up and down open and up and down Tokyo low: huge lack of conviction here, weak environment for now.
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  • #770
  • Oct 11, 2016 3:03am Oct 11, 2016 3:03am
10:02 +1 GMT
Nothing changed. Price is still balancing around 22915 GB open price
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  • #771
  • Oct 11, 2016 3:07am Oct 11, 2016 3:07am
10:07 +1 GMT

C period low at half back/ open price. C high at round 2300: very very weak.

10:09

2300 removed. A C periods poor high at 2308. If it will start a substancial retracement from here (without correcting the weak C low at open price) it will be short covering.
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  • #772
  • Oct 11, 2016 3:18am Oct 11, 2016 3:18am
Quoting Lock
10:07 +1 GMT C period low at half back/ open price. C high at round 2300: very very weak. 10:09 2300 removed. A C periods poor high at 2308. If it will start a substancial retracement from here (without correcting the weak C low at open price) it will be short covering.
10:18 +1GMT
Back again to 22915 GB open price: very difficult market with such partecipants. Currently C period is inside bar of B period. If it will remain like this we could expect a breakout.
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  • #773
  • Oct 11, 2016 3:44am Oct 11, 2016 3:44am
10:44 +1GMT
Again D period low at half back/open price: Not so much to say here. This market is totally ruled by the weakest partecipants. Currently D period inside of C period. Full balance.
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  • #774
  • Oct 11, 2016 4:43am Oct 11, 2016 4:43am
Quoting Lock
10:44 +1GMT Again D period low at half back/open price: Not so much to say here. This market is totally ruled by the weakest partecipants. Currently D period inside of C period. Full balance.
11:43 +1GMT
E inside bar of D inside of C inside of B: then F attempted a breakout above E high confirming the poor high with the tag of B period high. I don't know the reasons for all this weakness but for now this is what this market is offering.
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  • #775
  • Oct 11, 2016 6:24am Oct 11, 2016 6:24am
there will come a time in this pair when bad news will be good for pound. we are coming close to that.
  • #776
  • Oct 11, 2016 6:28am Oct 11, 2016 6:28am
Quoting giveachance
there will come a time in this pair when bad news will be good for pound. we are coming close to that.
I really hope your right because I hate all this bad news.....doesn't suit my trading style, much prefer when there is up movement as well as down as it's easier to make some pips...
Don't Leave Money on the Table
  • #777
  • Oct 11, 2016 9:09am Oct 11, 2016 9:09am
16:09 +1GMT
GB low is weak at round 2250. Current B period low tagged the preUS low at 2268 and it is weak too. We have a pit gap downside still in place from open.
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  • #778
  • Oct 11, 2016 9:15am Oct 11, 2016 9:15am
USDX situation

It's close to July high and the breakout form yesterday inside day is still in place.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 24 KB
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  • #779
  • Oct 11, 2016 9:19am Oct 11, 2016 9:19am
Quoting giveachance
there will come a time in this pair when bad news will be good for pound. we are coming close to that.
Right. And the best news will be to eventually see some major timeframe step in this weak mess. Best L.
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  • #780
  • Oct 11, 2016 9:24am Oct 11, 2016 9:24am
Quoting HaLBot
{quote} I really hope your right because I hate all this bad news.....doesn't suit my trading style, much prefer when there is up movement as well as down as it's easier to make some pips...

H4 situation:

this should not last if someone with some money will step in.

Attached Image
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