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Lock's Cable Corner

  • #981
  • Oct 18, 2016 2:34am Oct 18, 2016 2:34am
09:34 +1GMT
EARLY MORNING REPORT

During overnight, after the failure below Friday balance, Sydney and Tokyo completed the work going to the opposite side of the balance (Friday high). And currently we are no more in a one timeframing action downside daily. We are still one timeframing lower weekly anyhow, so carry this info forward.
GB opened consequently with a gap higher from yesterday high (21977) that if preserved could lead to continuation upside.
Above, after the correction of the 2261 TAG we have space up to 2450 zone but remember that for now we are still against weekly trend downside as written.
Downside anyhow we left a very ugly and weak cluster of lows at 2135 zone. And we came from a very potent composite POC at 2193: Carry these information forward.

Current GB high is weak as it is tagging round 2250 already tagged by Tokyo period H.
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  • #982
  • Oct 18, 2016 2:38am Oct 18, 2016 2:38am
09:38 +1GMT
2250 corrected.
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  • #983
  • Oct 18, 2016 2:46am Oct 18, 2016 2:46am
09:45
2255 is Friday GB high, so it could be an important test. For continuation upside we need acceptation bove it. If not, watch out for a retracement to the main poc.

09:48
Remember that we got a Tokyo m30 cluster at 2219 level that is particularly weak: carry this info forward if something will go wrong upside.
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  • #984
  • Oct 18, 2016 2:52am Oct 18, 2016 2:52am
09:52
I forgot an important info: tonight Tokyo high tagged Thursday pit session high (pit 22724- Tokyo 2273) that consequently is now weak.

Please, if you understand my posts, like them: it's the bset and fastest way I have to know if I'm clear or not in my analysis.
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  • #985
  • Oct 18, 2016 2:53am Oct 18, 2016 2:53am
Quoting Lock
{quote} Hi Devart, I use simple single scripts to create those refs. I'll provide you asap. Best L.
Thank you
  • #986
  • Oct 18, 2016 2:55am Oct 18, 2016 2:55am
Quoting Devart
{quote} Thank you
You're welcome.
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  • #987
  • Oct 18, 2016 3:03am Oct 18, 2016 3:03am
I attached here the scripts regarding all sessions. Just drag and drop them from the navigator to the chart when needed. They automatically identify the price and the time of the place you'll put them.

PS: I only modify the original code for my purposes, I'm not the author of the base code and I have no rights upon them at all. Also they were without copyrights so I do not know who is the original coder
Attached File(s)
File Type: zip GB SCRIPTS.zip   107 KB | 314 downloads
File Type: zip ASIA SCRIPTS.zip   61 KB | 312 downloads
File Type: zip SYDNEY SCRIPTS.zip   61 KB | 342 downloads
File Type: zip preUS SCRIPTS.zip   66 KB | 317 downloads
File Type: zip US PIT SCRIPTS.zip   108 KB | 316 downloads
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  • #988
  • Oct 18, 2016 3:15am Oct 18, 2016 3:15am
Please note that yesterday GB made an attempt downside late in the session: a spike. Its base is at 21528. A spike is a test as written: if price open in the opposite direction of it it is a clear rejection of this test. In this case we open more than 80 pips above it.
Note anyhow that if something will go wrong upside, for any reason, it will be surely an important reference downside: so carry this info forward and put a line at it to remember this fact.
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  • #989
  • Oct 18, 2016 3:17am Oct 18, 2016 3:17am
A C periods poor low at 22337: take this into consideration but remember that a GAP is a form of excess and it could work as a substitute for the lack of excess at the base of an auction.
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  • #990
  • Oct 18, 2016 3:26am Oct 18, 2016 3:26am
Also USDX interrupted its one timeframe higher action once. In a trend it is absolutely normal to have one interruption of the one timeframing, perhaps as a correction of inventories: this does not lead automatically to a change of trend but it could be seen as the start of a balance environment. We could write the same thing for cable.

Anyhow about USDX we could also say that even Friday was an interruption of the OTF higher. If so, if this interpretation is correct, USDX is now already in a balance situation.


Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 27 KB
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  • #991
  • Oct 18, 2016 3:39am Oct 18, 2016 3:39am
10:39 +1GMT
During news GB tested above Thursday pit high (daily bracket high) and went back to open price and eventually below the poor low at 22337 that is now corrected.: note anyhow the presence of a lot of single pips for D period. It is a big selling tale, but maybe too big. Let's see. Also the gap higher is till in place for now.
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  • #992
  • Oct 18, 2016 3:41am Oct 18, 2016 3:41am
i like it ...subscribed bro
https://investizo.com/investment/view?server=1&login=2141779119
  • #993
  • Oct 18, 2016 3:47am Oct 18, 2016 3:47am
Quoting dondealova
i like it ...subscribed bro
Thank you very much. You're wellcome!
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  • #994
  • Oct 18, 2016 3:54am Oct 18, 2016 3:54am
10:54
22784 is the base of the GB spike down from GB session 10.11: take this info forward because GB went up just 2 pips below it.
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  • #995
  • Oct 18, 2016 4:00am Oct 18, 2016 4:00am
Quoting Lock
09:45 2255 is Friday GB high, so it could be an important test. For continuation upside we need acceptation above it. If not, watch out for a retracement to the main poc. 09:48 Remember that we got a Tokyo m30 cluster at 2219 level that is particularly weak: carry this info forward if something will go wrong upside.
For now we do not have acceptation above 2255. We need it for any meaningfull continuation upside. If not...
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  • #996
  • Oct 18, 2016 4:04am Oct 18, 2016 4:04am
11:03
E high at half back tagging 2255.
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  • #997
  • Oct 18, 2016 4:31am Oct 18, 2016 4:31am
11:31 E inside period of D: possible break form here. Gap still in place. Weak E period high at 2255. No acceptation for now above 2255. Very elongated selling tale for D period. F period high at open price 22365.
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  • #998
  • Oct 18, 2016 4:41am Oct 18, 2016 4:41am
Quoting Lock
11:31 E inside period of D: possible break form here. Gap still in place. Weak E period high at 2255. No acceptation for now above 2255. Very elongated selling tale for D period. F period high at open price 22365.
Corrected.
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  • #999
  • Oct 18, 2016 4:54am Oct 18, 2016 4:54am
Quoting Lock
11:03 E high at half back tagging 2255.
Taken out...

Quoting Lock
11:31 E inside period of D: possible break form here. Gap still in place. Weak E period high at 2255. No acceptation for now above 2255. Very elongated selling tale for D period. F period high at open price 22365.
Huge breakout from E period balance...

Quoting Lock
10:39 +1GMT During news GB tested above Thursday pit high (daily bracket high) and went back to open price and eventually below the poor low at 22337 that is now corrected.: note anyhow the presence of a lot of single pips for D period. It is a big selling tale, but maybe too big. Let's see. Also the gap higher is till in place for now.
as you see...

Quoting Lock
10:54 22784 is the base of the GB spike down from GB session 10.11: take this info forward because GB went up just 2 pips below it.
Tested eventually: 2 pips above it: selling tale totally removed and corrected.
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  • #1,000
  • Oct 18, 2016 5:05am Oct 18, 2016 5:05am
Now testing 2255 from above. Remember that for continuation upside we need confirmation above it. If not...
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