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Lock's Cable Corner

  • #1,001
  • Oct 18, 2016 5:07am Oct 18, 2016 5:07am
12:08 +1GMT
G period low at round 2250/Friday GB unchanged: it is weak now. 2300 round for GB high is also weak.

12:22 + 1GMT

if there is acceptation above 2255 (at least 2 periods closed above it) the next target for gGB is the base of the GB gap downside at 23178.

If not we have to correct initially the weak ref at 2250 and after it the Tokyo cluster at 2219.

Anyhow there is a lot of emotion in this action and the exact references everywhere are a clear confirmation of it. Weak partecipants for now.
Ubi maior minor cessat
  • #1,002
  • Oct 18, 2016 5:30am Oct 18, 2016 5:30am
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.
As you see the spike bases are very important references for day timeframes traders. We are infact up and down it for the last two periods.

12:33 +1GMT
Now: we ave acceptation above 2255, but I do not like the G period low at Friday unchanged also round 2250.
Anyhow, for now the value is higher from yesterday, the gap is still in place and we have acceptation above Friday high. Watch out because this market, ruled by weak hands could be very tricky.

Note G inside bar of F
Ubi maior minor cessat
  • #1,003
  • Oct 18, 2016 5:39am Oct 18, 2016 5:39am
12:40 +1GMT
Quoting Lock
Note G inside bar of F
Attempted breakout from G balance.

H period low at overnight high (Tokyo high 2273): carry this info forward.
Ubi maior minor cessat
  • #1,004
  • Oct 18, 2016 5:42am Oct 18, 2016 5:42am
Quoting Lock
12:08 +1GMT 2300 round for GB high is also weak. ...
12:42
Taken out.
Ubi maior minor cessat
  • #1,005
  • Oct 18, 2016 5:54am Oct 18, 2016 5:54am
The last 2 periods for GB should be decisive to understand pertecipant's intentions. Remember that we are against weekly trend downside for now and that we are in daily balance. We are also as written multiple times in a marked ruled by weak hands. Current GB for now is building a gap upside for upcoming preUS session. So in order to remove this possibility GB should close below yesterday pit high at 2201. Not so probable but who knows?
Ubi maior minor cessat
  • #1,006
  • Oct 18, 2016 6:01am Oct 18, 2016 6:01am
13:00
H failed the attempted breakout above G balance. You know the balance rules.
Ubi maior minor cessat
  • #1,007
  • Oct 18, 2016 6:02am Oct 18, 2016 6:02am
Quoting Lock
12:40 +1GMT {quote} Attempted breakout from G balance. H period low at overnight high (Tokyo high 2273): carry this info forward.
13:02
And here we are again at 2273 Tokyo high, now weaker than before...
Ubi maior minor cessat
  • #1,008
  • Oct 18, 2016 6:15am Oct 18, 2016 6:15am
Quoting Lock
{quote} 13:02 And here we are again at 2273 Tokyo high, now weaker than before...
If you are selling from breakout failure, I strongly suggest to scale out some if it will take out the weak 2273: J period could make a spike in any direction. Maybe downside, maybe upsdie. If upside the preUS gap higher could protect the weaknesses below. Letting the market skip them for a while. So watch out.
Ubi maior minor cessat
  • #1,009
  • Oct 18, 2016 6:17am Oct 18, 2016 6:17am
Quoting Lock
{quote} If you are selling from breakout failure, I strongly suggest to scale out some if it will take out the weak 2273: J period could make a spike in any direction. Maybe downside, maybe upsdie. If upside the preUS gap higher could protect the weaknesses below. Letting the market skip them for a while. So watch out.
Taken out. Now if I continue lower the weak 2250 will be no more. If react here, watch out.
Ubi maior minor cessat
  • #1,010
  • Oct 18, 2016 6:18am Oct 18, 2016 6:18am
I period low at half back. Who do you think is ruling this market?
Ubi maior minor cessat
  • #1,011
  • Oct 18, 2016 6:29am Oct 18, 2016 6:29am
Quoting Lock
I period low at half back. Who do you think is ruling this market?
Daily for now I think....? If it was a bigger eg. intermediate time-frame we had made it to the upside I think...or...?!
You can manage risk, but you can't manage the return
  • #1,012
  • Oct 18, 2016 6:53am Oct 18, 2016 6:53am
Quoting HappyMe
{quote} Daily for now I think....? If it was a bigger eg. intermediate time-frame we had made it to the upside I think...or...?!

Exactly daily timeframe traders. Those who know these references and use them to trade.

Quoting HappyMe
...If it was a bigger eg. intermediate time-frame we had made it to the upside I think...or...?!
If they were bigger they simply went through such a reference without any meaningfull pause there.
Ubi maior minor cessat
  • #1,013
  • Oct 18, 2016 7:05am Oct 18, 2016 7:05am
14:04 +1GMT
Now. preUS open above yesterday pit session high 2201 with a gap higher. We are only some pips above the weak GB 2250 but we have the gap: conflicting information here. As written the gap, if preserved could prottect references below. If easily and quikly retraced the main poc at 2193 is there waiting. And below it we have the weak zone at 2135. If instead the gap will resist untill pit open (15:30 +1GMT) we could have continuation upside: we have space in this case up to 2450 zone, with pauses at around 2414-2344 to fill the oldpit gap downside.

14:08 A period high exactly at GB half back: weak hands.

Quoting Lock
14:08 A period high exactly at GB half back: weak hands.
immediately taken out.
Ubi maior minor cessat
  • #1,014
  • Oct 18, 2016 7:11am Oct 18, 2016 7:11am
Quoting Lock
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 {file} {file} {file} {file} {file}
Thank you,

Regards
L
  • #1,015
  • Oct 18, 2016 7:12am Oct 18, 2016 7:12am
14:12 PreUS now tagging Thursday pit high at 22724: now weak.
Ubi maior minor cessat
  • #1,016
  • Oct 18, 2016 7:14am Oct 18, 2016 7:14am
Quoting Devart
{quote} Thank you, Regards L
You're welcome. Best L.
Ubi maior minor cessat
  • #1,017
  • Oct 18, 2016 7:18am Oct 18, 2016 7:18am
Quoting Lock
14:12 PreUS now tagging Thursday pit high at 22724: now weak.
14:18
Now tested. For continuation we want to see price acceptation above it.
Ubi maior minor cessat
  • #1,018
  • Oct 18, 2016 7:25am Oct 18, 2016 7:25am
Please note that whatever the result of this price action, all what you have downside down to 2135 zone is short covering and, for definitions, it is old business not new money buying. So watch out because in this action upside we are together with weak hands partecipants. Surely we have also weak hands above at least form the 2450 zone: and this made this market particularly risky and unsecure. So watch out, specially during news.
Ubi maior minor cessat
  • #1,019
  • Oct 18, 2016 7:36am Oct 18, 2016 7:36am
Quoting Lock
Please note that whatever the result of this price action, all what you have downside down to 2135 zone is short covering and, for definitions, it is old business not new money buying. So watch out because in this action upside we are together with weak hands partecipants. Surely we have also weak hands above at least form the 2450 zone: and this made this market particularly risky and unsecure. So watch out, specially during news.
It's fun....it's just fun with your approach!!

Steady and safely and yes ofcourse with the ever-present insecurity!! What I see it's also less stressfull because you already prepared or can see what eventually can happen on the bad side.
You can manage risk, but you can't manage the return
  • #1,020
  • Oct 18, 2016 7:37am Oct 18, 2016 7:37am
14:37 a lot of single pips for A period.
Ubi maior minor cessat
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