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Lock's Cable Corner

  • #841
  • Oct 13, 2016 1:35am Oct 13, 2016 1:35am
10:35 +1GMT
D period high again at open price 2164. D is the last period for Tokyo. Yesterday Tokyo close was at 2257.
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  • #842
  • Oct 13, 2016 1:54am Oct 13, 2016 1:54am
Quoting Lock
10:35 +1GMT D period high again at open price 2164. D is the last period for Tokyo. Yesterday Tokyo close was at 2257.
10:54 +1GMT
Taken out. Still weak hands. D is inside C: if so untill E, possible break form here.
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  • #843
  • Oct 13, 2016 2:09am Oct 13, 2016 2:09am
Quoting Lock
{quote} 10:54 +1GMT Taken out. Still weak hands. D is inside C: if so untill E, possible break form here.
10:08 +1GMT
Tokyo close at 21634 is less than one pip below GB open: still very weak and unsecure environment. No inside bar for D.

Both buying tail and GAP downside still in place: lack of conviction and conflicting information here.

USDX is still above yesterday high: aiming to March 2016 high at 9858?
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  • #844
  • Oct 13, 2016 2:34am Oct 13, 2016 2:34am
Quoting Lock
10:26 +1GMT For continuation downside we need as soon as possible a confirmation below A period low 2132. It will mean elimination of current buying tale. If not, considering the weak environment: watch out for possible retracement.
13:34 +1GMT (edit for quote)
E broke above tha B C D balance and is aiming to fill the early morning GAP down (note the buying tale of A period still in place). If so, after the filling, right above yesterday GB low (22164) we could have some weak hands sellers. If they wil be overwelmed we could have space for more retracement. Note anyhow that we are against trend and against gap, so it has to be fast. In any case it is short covering.

If something bigger will happen above we have space up to 2450 zone to cover.
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  • #845
  • Oct 13, 2016 2:36am Oct 13, 2016 2:36am
Please note that current GB high is weak as it is tagging Sydney high at 21136.
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  • #846
  • Oct 13, 2016 2:59am Oct 13, 2016 2:59am
Quoting Lock
Please note that current GB high is weak as it is tagging Sydney high at 21136.
11:59 +1GMT
Automatic sell at Sydney (Overnight) high: still a very weak environment, because those who know and use such references are day timeframe traders (weakest hands). So for now we got short covering aimed to fill the early morning gap and liquidation made by weak hands right at the top of overnight. Now we still have a couple of pips of GAP donside (that is weak) and we still have a buying tale below (made by A period). Let's see if it will attempt again above overnight removing the remaining GAP or not. ANd eventually let's see what could be above it. If not the continuation downside will be pretty weak.

Note that we are now at yesterday GB close 21916 (again: great indecision)
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  • #847
  • Oct 13, 2016 3:11am Oct 13, 2016 3:11am
An important information is that yesterday pit session has a poor low at 21805. So in any case the following pit session should take care of it. If GB will continue higher we could expect a correction downside for this reason. The only ways to skipp this situation are: a gap above yesterday pit session high 2259 (very far too reach but who know?) and a GB session closing below yesterday pit session low: in this last case the correction will be automatic if the upcoming pit session will open below yesterday poor low.
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  • #848
  • Oct 13, 2016 3:19am Oct 13, 2016 3:19am
12:19 +1GMT
G period low at current half back 2173: still very weak environment. Note also that Sydeny/current GB high is at yesterday half back.
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  • #849
  • Oct 13, 2016 3:47am Oct 13, 2016 3:47am
Quoting Lock
12:19 +1GMT G period low at current half back 2173: still very weak environment. Note also that Sydeny/current GB high is at yesterday half back.
12:45 +1GMT (edited untill 49)

Not so much to say here. It is weak above and below and it is clearly indecisive for now. H high is at round 2200 as G low, as written, is at half back 2173. GB high is weak as a tag of overnight high 22136 and D low is weak as tag of Tokyo low 21537. We still have a couple of pips from early morning gap downside. It could do something, maybe, with the last two bars I and J that generally are dedicated to tests (spike). Let's see: for now it is a "nothing" day.

Note anyhow that current daily profile is very mature and it could be followed by a sharp directional move.
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  • #850
  • Oct 13, 2016 4:06am Oct 13, 2016 4:06am
Quoting Lock
{quote} 11:59 +1GMT Automatic sell at Sydney (Overnight) high: still a very weak environment, because those who know and use such references are day timeframe traders (weakest hands). So for now we got short covering aimed to fill the early morning gap and liquidation made by weak hands right at the top of overnight. Now we still have a couple of pips of GAP donside (that is weak) and we still have a buying tale below (made by A period). Let's see if it will attempt again above overnight removing the remaining GAP or not. ANd...
Here we are...Last 2 pips of the GAP downside taken out. Let's see if there is something above or not.
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  • #851
  • Oct 13, 2016 4:13am Oct 13, 2016 4:13am
Quoting Lock
{quote} 13:34 +1GMT (edit for quote) E broke above tha B C D balance and is aiming to fill the early morning GAP down (note the buying tale of A period still in place). If so, after the filling, right above yesterday GB low (22164) we could have some weak hands sellers. If they wil be overwelmed we could have space for more retracement. Note anyhow that we are against trend and against gap, so it has to be fast. In any case it is short covering. If something bigger will happen above we have space up to 2450 zone to cover.
Weak hands selling automatically above GAP, as normal.
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  • #852
  • Oct 13, 2016 4:32am Oct 13, 2016 4:32am
As you see this market is a mess, totally "controlled" by weak hands: so my only suggestion is to let this market shake out before to be involved in it.
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  • #853
  • Oct 13, 2016 5:36am Oct 13, 2016 5:36am
14:36 +1GMT
PreUS opened inside yesterday pit session range (21805-2259) and started to correct some weak GB inventories too long.
It is expected initial acceptation of yesterday range and eventually tests above and/or below it. Note the poor low at 21805 that should be solved by upcoming pit session or by a gap downside by current preUS. The only different option is a preUS move higher building a gap above 2259: in this case and if the gap will resist we could skip the yesterday pit poor low.(as written previously)

PreUS is having a very calm reaction to news.
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  • #854
  • Oct 13, 2016 5:55am Oct 13, 2016 5:55am
Quoting Lock
14:36 +1GMT .... Note the poor low at 21805 that should be solved by upcoming pit session or by a gap downside by current preUS. The only different option is a preUS move higher building a gap above 2259: in this case and if the gap will resist we could skip the yesterday pit poor low.(as written previously) PreUS is having a very calm reaction to news.
Yesterday pit session por low 21805 only tagged by current B period low. So it is now poor and weak. B period high is at yesterday unchanged at the pip 2204.
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  • #855
  • Oct 13, 2016 6:15am Oct 13, 2016 6:15am
IMPORTANT NOTE:
Remember that yesterday pit session was an inside session, meaning that its range was inside the pit session range of the day before. So, if upcoming pit session will attempt above and/or below yesterday range (21805-2259) we will have an attempted breakout.
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  • #856
  • Oct 13, 2016 6:50am Oct 13, 2016 6:50am
I think one of the problem here is this:

"The transformation of the money-fund industry, where investors turn to park cash, is a result of regulators’ efforts to make the financial system safer in the aftermath of the credit crisis. The key date is Oct. 14, when rules take effect mandating that institutional prime and..."

And October 14 is tomorrow, isn't it?
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  • #857
  • Oct 13, 2016 7:12am Oct 13, 2016 7:12am
A B poor low for current session as yesterday pit session poor low... Extraordinary narrow range, big volume.
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  • #858
  • Oct 13, 2016 7:18am Oct 13, 2016 7:18am
If the two back to back poor lows (current one 2186 and yesterday 21804) will not be removed, a price action upwards could only be short covering: maybe huge but still weak.
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  • #859
  • Oct 13, 2016 7:49am Oct 13, 2016 7:49am
Period C is inside bar of B: if it will remain like this up to D we could have a break. Price is up and down open as it was this morning for GB session. It looks like an other tricky day maybe waiting for tomorrow. Let's see. If nothing change and it will continue with this lack of partecipation I'll be off.
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  • #860
  • Oct 13, 2016 8:15am Oct 13, 2016 8:15am
It looks like it is not able to evade the major composite POC at 21927. For now D period failed once below C period balance making a cluster poor low at 2185, right above yesterday poor low at 21804. It's a very rare situation.
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