Lock's Cable Corner | Page 41 | Forex Factory

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Attachments: Lock's Cable Corner
Exit Attachments

Lock's Cable Corner

  • #801
  • Oct 12, 2016 2:15am Oct 12, 2016 2:15am
Note A period low tagging exactly GB 10.07 low at 22264. It is weak as it is a day timeframe reference.
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  • #802
  • Oct 12, 2016 2:19am Oct 12, 2016 2:19am
Quoting Lock
Note A period low tagging exactly GB 10.07 low at 22264. It is weak as it is a day timeframe reference.
09:19 +1GMT
taken out immediately and now is tagging yesterday GB close at 22165: it is still weak. Note that for any meaningfull continuation downside we need to have acceptation below the GB bracket low at 22264 and below yesterday close at 22165 .
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  • #803
  • Oct 12, 2016 2:40am Oct 12, 2016 2:40am
Quoting Lock
{quote} 09:19 +1GMT taken out immediately and now is tagging yesterday GB close at 22165: it is still weak. Note that for any meaningfull continuation downside we need to have acceptation below the GB bracket low at 22264 and below yesterday close at 22165 .
09:40 +1GMT edit up to 09:43
For now we got a clear rejection below the GB bracket low at 22264 and below yesterday close at 22165. Now we are also back inside yesterday range above yesterday low 22264. And price is currently tagging yesterday GB unchanged at 2271 level.

Note that above we have, as a possible important reference, the yesterday GB spike down base at 22785.
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  • #804
  • Oct 12, 2016 2:48am Oct 12, 2016 2:48am
Quoting Lock
08:56 +1GMT EARLY MORNING REPORT ... Current POCs are below at 2127 and above at 2433 and around here at 22845. These levels could attract price.
09:48 +1GMT
Return to the mean. Back to 22845 composite POC. (at the pip)

09:57 +1GMT
First test above yesterday GB high 23085.

10:05 +1GMT
C low at round 2300
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  • #805
  • Oct 12, 2016 3:10am Oct 12, 2016 3:10am
Quoting Lock
10:05 +1GMT C low at round 2300
10:10 +1GMT
Taken out immediately. Now we have to see if it will reject above yesterday GB high or not. Above we still have the gap downside from yesterday as resistance up to 23663. And we are vey close to the composite POC at 22845
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  • #806
  • Oct 12, 2016 3:13am Oct 12, 2016 3:13am
10:13 +1GMT

Price went back to the POC 22845 and C low tagged the yesterday GB spike down base at 22785. (at the pipette) All weak hands here.
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  • #807
  • Oct 12, 2016 3:27am Oct 12, 2016 3:27am
Quoting Lock
10:13 +1GMT Price went back to the POC 22845 and C low tagged the yesterday GB spike down base at 22785. (at the pipette) All weak hands here.
10:27 +1GMT
Taken out and now we are at half back 22675. Tagged at the pip. Still weak hands
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  • #808
  • Oct 12, 2016 3:33am Oct 12, 2016 3:33am
10:33 +1GMT
Now D period is the last bar for Tokyo. D low is at yesterday GB unchanged 2271 while C low is at half back 22675. And A low is at yesterday GB close 22166. They are all weak references. Yesterday Tokyo close was at 2297.
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  • #809
  • Oct 12, 2016 3:39am Oct 12, 2016 3:39am
Quoting Lock
10:33 +1GMT Now D period is the last bar for Tokyo. D low is at yesterday GB unchanged 2271 while C low is at half back 22675. And A low is at yesterday GB close 22166. They are all weak references. Yesterday Tokyo close was at 2297.
10:39 +1GMT
First two ref taken out. But watch out because D high is at spike base 22785. Remember that we are in a weak environment.
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  • #810
  • Oct 12, 2016 4:06am Oct 12, 2016 4:06am
11:07 +1GMT

Quoting Lock
{quote} 10:39 +1GMT First two ref taken out. But watch out because D high is at spike base 22785. Remember that we are in a weak environment.
Back to the spike base again at 22785...

Note that Tokyo close is around GB open 22566.
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  • #811
  • Oct 12, 2016 4:16am Oct 12, 2016 4:16am
Quoting Lock
11:07 +1GMT {quote} Back to the spike base again at 22785... Note that Tokyo close is around GB open 22566.
11:16 +1GMT
Taken out but now E low is weak at round 2250.

PS: Currently E period is inside bar of D.
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  • #812
  • Oct 12, 2016 4:24am Oct 12, 2016 4:24am
E period low is round 2250 but also yesterday GB low...
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  • #813
  • Oct 12, 2016 4:41am Oct 12, 2016 4:41am
11:41 +1GMT
F inside E inside D. Weak ref above (22785 spike base), weak ref below (round 2250+yes GB low).

Breakout is possible. Maybe a false one in a direction than the real one in the opposite direction, just to correct both weak ref.*

*we could also have false BO in both directions continuing balance right here. Or a single BO skipping the other weak ref.
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  • #814
  • Oct 12, 2016 4:51am Oct 12, 2016 4:51am
F period high at half back 22673
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  • #815
  • Oct 12, 2016 5:23am Oct 12, 2016 5:23am
Quoting Lock
11:41 +1GMT F inside E inside D. Weak ref above (22785 spike base), weak ref below (round 2250+yes GB low). Breakout is possible. Maybe a false one in a direction than the real one in the opposite direction, just to correct both weak ref.* *we could also have false BO in both directions continuing balance right here. Or a single BO skipping the other weak ref.
Quoting Lock
F period high at half back 22673
12:23 +1GMT
So, F attempted a breakout below E period balance starting from the weak half back 22673, followed by G period. Failure downside, back to the balance and F period high at half back 22673 tagged again. Now it is weaker than before. Also let's see if it want to continue correcting the double TAG at spike base 22785. That is at the opposite side of E period balance and for this reason it is a natural target after a failure downside this balance.
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  • #816
  • Oct 12, 2016 5:26am Oct 12, 2016 5:26am
Quoting Lock
F period high at half back 22673
12:26 +1GMT
Eventually taken out. Now it is weak at yesterday GB unchanged 2271.
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  • #817
  • Oct 12, 2016 6:09am Oct 12, 2016 6:09am
13:10 +1GMT

H period inside bar of G period. Possible spike from here. It is weak above (yesterday GB unchanged 2271) and below (round 2250 + H period low tagged by current I period + yesterday GB low)
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  • #818
  • Oct 12, 2016 6:35am Oct 12, 2016 6:35am
Quoting Lock
13:10 +1GMT H period inside bar of G period. Possible spike from here. It is weak above (yesterday GB unchanged 2271) and below (round 2250 + H period low tagged by current I period + yesterday GB low)

13:35 +1GMT
Both taken out above and below.
I period failed above ( removing yesterday GB unchanged 2271) and J is now attempting below (round 2250 + H period low tagged by current I period + yesterday GB low already taken out)
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  • #819
  • Oct 12, 2016 6:53am Oct 12, 2016 6:53am
13:53 +1GMT

Now, unless a huge spike preUS is going to open inside yesterday pit session range(2088-2313): initial acceptation of it and eventually tests above or /and below expected.

Note that we have 2 distributions inside the yesterday pit session range above (2199-2251) and below (2105-2163): consider these two distributions as separate sessions.
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  • #820
  • Oct 12, 2016 7:12am Oct 12, 2016 7:12am
Quoting Lock
13:53 +1GMT Now, unless a huge spike preUS is going to open inside yesterday pit session range(2088-2313): initial acceptation of it and eventually tests above or /and below expected. Note that we have 2 distributions inside the yesterday pit session range above (2199-2251) and below (2105-2163): consider these two distributions as separate sessions.

14:12 +1GMT

PreUS opened above the upper distribution (2199-2251) and is now attempting inside its range.
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