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Lock's Cable Corner

  • #781
  • Oct 11, 2016 9:42am Oct 11, 2016 9:42am
Quoting Lock
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.
16:43 +1GMT
Both taken out. Watch out below GB low: this move down started as a liquidation of the preUS sharp short covering. If there is something more you want to see acceptation below GB low.
Ubi maior minor cessat
  • #782
  • Oct 11, 2016 9:54am Oct 11, 2016 9:54am
16:54 +1GMT

Current C low is weak as tagging 10.06 GB low.
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  • #783
  • Oct 11, 2016 9:58am Oct 11, 2016 9:58am
Quoting Lock
16:54 +1GMT Current C low is weak as tagging 10.06 GB low.
Taken out.
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  • #784
  • Oct 11, 2016 9:58am Oct 11, 2016 9:58am
Gu S38 is at 1.2228 ... break will open 1.2180 minimum
  • #785
  • Oct 11, 2016 10:25am Oct 11, 2016 10:25am
USDX took out the July high at 97.57. Then came back below it.
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  • #786
  • Oct 11, 2016 10:27am Oct 11, 2016 10:27am
Quoting sucess4hasee
Gu S38 is at 1.2228 ... break will open 1.2180 minimum
For now we have no acceptation below GB 10.06 low at 22264. And it's currently tagging GB low around 2250. Let's see if it will find acceptation below or above it. (2250)
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  • #787
  • Oct 11, 2016 10:32am Oct 11, 2016 10:32am
14:31 +1GMT

D closed as inside bar of C. C and D lows made a poor low. E break below and remove the poor low. Now let's see if this break will succeed or not. For now we eventually have acceptation below 2250.
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  • #788
  • Oct 11, 2016 10:35am Oct 11, 2016 10:35am
17:34 +1GMT
E last period of London. From yesterday GB close (2395) we have currently more than 180 pips. D period high is at round 2250: carry this info forward.
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  • #789
  • Oct 11, 2016 11:58am Oct 11, 2016 11:58am
18:58 +1GMT

It is the second time today that pit US established a weak low at round numbers. Now it is weak at 2150. But we also have a 4 letters POC at 22244. For now it is onetimeframing lower but one (F period high took out E period high for 2 pips stopping once the 1 TF lower)
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  • #790
  • Oct 11, 2016 12:04pm Oct 11, 2016 12:04pm
19:05 +1GMT
Very elongated profile, 4 anomalies (2149-2163, 2219-2224, 2253-2262, 2276-2282) A lot of emotion in this, and maybe an attempt to verify the "all time low" at 1978.
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  • #791
  • Oct 11, 2016 12:44pm Oct 11, 2016 12:44pm
Quoting Lock
19:05 +1GMT Very elongated profile, 4 anomalies (2149-2163, 2219-2224, 2253-2262, 2276-2282) A lot of emotion in this, and maybe an attempt to verify the "all time low" at 1978.
We are balancing below 4 anomalies and then we have 5 anomalies overall included current one 21045-21325.

Quoting Lock
18:58 +1GMT It is the second time today that pit US established a weak low at round numbers. Now it is weak at 2150. But we also have a 4 letters POC at 22244. For now it is onetimeframing lower but one (F period high took out E period high for 2 pips stopping once the 1 TF lower)
And this is the third time in a row that price stopped at a round number (this time at 2100) and this could mean only a thing: those who are selling this are weak hands because weak hands only use such referenches to trade, placing automatic active and passive stops at these levels. So watch out. It could continue lower but you should know who is controlling the market.
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  • #792
  • Oct 11, 2016 1:13pm Oct 11, 2016 1:13pm
Quoting Lock
19:05 +1GMT Very elongated profile, 4 anomalies (2149-2163, 2219-2224, 2253-2262, 2276-2282) A lot of emotion in this, and maybe an attempt to verify the "all time low" at 1978.
Quoting Lock
{quote} We are balancing below 4 anomalies and then we have 5 anomalies overall included current one 21045-21325. {quote} And this is the third time in a row that price stopped at a round number (this time at 2100) and this could mean only a thing: those who are selling this are weak hands because weak hands only use such references to trade, placing automatic active and passive stops at these levels.
Quoting Lock
So watch out. It could continue lower but you should know who is controlling the market.
20:13 +1GMT

And in fact it retraced most of the last one 2149-2163.
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  • #793
  • Oct 11, 2016 2:20pm Oct 11, 2016 2:20pm
21:20 + 1GMT

K inside period of J. We have only 3 periods left before close time, but we are in balance and a possible breakout could occur from here.
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  • #794
  • Oct 11, 2016 2:33pm Oct 11, 2016 2:33pm
Quoting Lock
21:20 + 1GMT K inside period of J. We have only 3 periods left before close time, but we are in balance and a possible breakout could occur from here.

21:33 +1GMT

Now L inside K that is inside J. But we have now a 6 letters POC around here: it needs volume to evade such pole of attraction and we are late in the day where generally there's low liquidity. So watch out also for false breakout.
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  • #795
  • Oct 11, 2016 3:02pm Oct 11, 2016 3:02pm
Well, very narrow range for this balance but it's too late for me and maybe also for this market. In any case I'm off. Have a nice continuatoin and see you tomorrow. Best L.
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  • #796
  • Oct 11, 2016 9:43pm Oct 11, 2016 9:43pm
Quoting Lock
19:05 +1GMT Very elongated profile, 4 anomalies (2149-2163, 2219-2224, 2253-2262, 2276-2282) A lot of emotion in this, and maybe an attempt to verify the "all time low" at 1978.
Quoting Lock
{quote} We are balancing below 4 anomalies and then we have 5 anomalies overall included current one 21045-21325. {quote} And this is the third time in a row that price stopped at a round number (this time at 2100) and this could mean only a thing: those who are selling this are weak hands because weak hands only use such referenches to trade, placing automatic active and passive stops at these levels.
Quoting Lock
So watch out. It could continue lower but you should know who is controlling the market.
04:43 +1GMT
2149-2163, 2219-2224, 2253-2262, 2276-2282 all taken out, US pit liquidation fully retraced.
Ubi maior minor cessat
  • #797
  • Oct 11, 2016 10:20pm Oct 11, 2016 10:20pm
Quoting Lock
{quote} {quote} {quote} 04:43 +1GMT 2149-2163, 2219-2224, 2253-2262, 2276-2282 all taken out, US pit liquidation fully retraced.
short covering. will return to 1.20 and sub. my target is now 1.15 for this pair and I see it before dec 31st
  • #798
  • Oct 12, 2016 1:46am Oct 12, 2016 1:46am
Quoting giveachance
{quote} short covering. will return to 1.20 and sub. my target is now 1.15 for this pair and I see it before dec 31st
I surely agree with this: it was short covering. Now let's see today. Best L.
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  • #799
  • Oct 12, 2016 1:55am Oct 12, 2016 1:55am
08:56 +1GMT
EARLY MORNING REPORT

Yesterday a lot of emotion force price downside, weak hands piled on the move and eventually inventories became too short. Consequently "Sydney-Tokyo" sessions cover the inventories, also correcting all the anomalies left by pitUS session.

Now if GB will open inside yesterday GB range 2249-23085 we could have 2 possibilities: above the yesterday GB spike base at 22785 or below it. Below it could mean continuation downside, while above it could mean acceptation of yesterday GB range and eventually rejection of yesterday GB attempt donside (possible retrace upwards consequently).

If instead GB will open with a gap downside we will have confirmation of the attempted spike downside plus a new excess donside and this could be read as a stronger conviction downwords. (to the "all time" low for instance)

Current POCs are below at 2127 and above at 2433 and around here at 22845. These levels could attract price.
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  • #800
  • Oct 12, 2016 2:12am Oct 12, 2016 2:12am
09:12 +1GMT

So GB opened at the bottom of yesterday spike down, below yesterday spike down base at 22785, and immediately went down to test yesterday GB low. Now for continuation downside we need acceptation below yesterday GB low 2249. If not...
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