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Lock's Cable Corner

  • #1,021
  • Oct 18, 2016 7:40am Oct 18, 2016 7:40am
Quoting HappyMe
{quote} 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 have to thank Mr Jim Dalton and all the other teachers who made this approach at least possible if not actually so easy. Anyhow I really appreciate your compliments. Best L.
Ubi maior minor cessat
  • #1,022
  • Oct 18, 2016 7:57am Oct 18, 2016 7:57am
Quoting Lock
14:37 a lot of single pips for A period.
14:57
more than 60% retracement of them...
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  • #1,023
  • Oct 18, 2016 8:04am Oct 18, 2016 8:04am
I cant see breaking the 1.23 pivot for now. If it does however, i will enter long till 1.23200
  • #1,024
  • Oct 18, 2016 8:04am Oct 18, 2016 8:04am
Quoting Lock
14:12 PreUS now tagging Thursday pit high at 22724: now weak.
15:03 Still up and down it: no confirmation above it nor below it. C will tell us.
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  • #1,025
  • Oct 18, 2016 8:15am Oct 18, 2016 8:15am
15:14 G and B periods' lows both at GB half back 2267. It could be skipped by upcoming pit session if gap higher.

Gap higher still in place and PH for the last 2 periods. 15:15 no more.
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  • #1,026
  • Oct 18, 2016 8:18am Oct 18, 2016 8:18am
Quoting Lock
15:14 G and B periods' lows both at GB half back 2267. It could be skipped by upcoming pit session if gap higher. Gap higher still in place and PH for the last 2 periods. 15:15 no more.
Why 15:15 no more?!
You can manage risk, but you can't manage the return
  • #1,027
  • Oct 18, 2016 8:24am Oct 18, 2016 8:24am
Note that all what we got from Monday 10.10 up to Tokyo high is particularly weak as written, so if the huge pit gap will be confirmed and not retraced quikly we could experience a sharp correction. But this will be done leaving downside very important weaknesses: so in the case carry this information forward.

In the mean while C confirmed above Thursday pit session high: now we have 2 periods closed above it. But watch out! It could retrace this weak action in a matter of seconds!
Ubi maior minor cessat
  • #1,028
  • Oct 18, 2016 8:35am Oct 18, 2016 8:35am
Quoting HappyMe
{quote} Why 15:15 no more?!

Price corrected them at that moment in time.
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  • #1,029
  • Oct 18, 2016 8:37am Oct 18, 2016 8:37am
Quoting Lock
{quote} Price corrected them at that moment in time.
ah oke...understood!
You can manage risk, but you can't manage the return
  • #1,030
  • Oct 18, 2016 8:40am Oct 18, 2016 8:40am
Good effort Lock, nice to see the effort put in here.
  • #1,031
  • Oct 18, 2016 8:43am Oct 18, 2016 8:43am
A period high is weak at round 2300. Gap higher substantially untouched.
Ubi maior minor cessat
  • #1,032
  • Oct 18, 2016 9:05am Oct 18, 2016 9:05am
A period high at GB high tag 2304. B period high at half back 22935. Again: weak environment ruled by weak partecipants.

Quoting Richens
Good effort Lock, nice to see the effort put in here.
Thank you very much, Richens, you're wellcome too!

16:10 +1GMT
A and B lows made a poor low, exactly at preUS half back...22827

I suggest to wait untill this market will remove some of the weak partecipants involved in it.
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  • #1,033
  • Oct 18, 2016 9:20am Oct 18, 2016 9:20am
A pit period is inside bar of preUS C period: possible brekout from there. In the case go* with the break and monitor for continuation.

*if this is your style obviously: I do not want to force anyone here. And maybe what could be good for a trader could be very bad for a different one.
Ubi maior minor cessat
  • #1,034
  • Oct 18, 2016 9:30am Oct 18, 2016 9:30am
Quoting Lock
A period high at GB high tag 2304. B period high at half back 22935. Again: weak environment ruled by weak partecipants. {quote} Thank you very much, Richens, you're wellcome too! 16:10 +1GMT A and B lows made a poor low, exactly at preUS half back...22827 I suggest to wait untill this market will remove some of the weak partecipants involved in it.
16:30 +1GMT
Weak hands there are no more.
Ubi maior minor cessat
  • #1,035
  • Oct 18, 2016 9:34am Oct 18, 2016 9:34am
C low at open/round 2300, and A &B poor low at 2383 preUS half back: carry this info forward if it will continue higher.
Ubi maior minor cessat
  • #1,036
  • Oct 18, 2016 9:44am Oct 18, 2016 9:44am
The initial 3 periods of pit session went up and down open continuosly: huge indecision here. If it will continue like this I'll be off for today.
Ubi maior minor cessat
  • #1,037
  • Oct 18, 2016 9:44am Oct 18, 2016 9:44am
What do you think about to insert a Sell order with EP, SL, TP indicated by arrows ?
C (pit) TPO crushed just below the gap and down 2040-2035 we have poor lows.

Today trend is up but we have a strong gap up just above and the general trend is down.
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  • #1,038
  • Oct 18, 2016 9:44am Oct 18, 2016 9:44am
Quoting Lock
14:04 +1GMT ... 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 2314*-2344 to fill the oldpit gap downside. ....
16:31 +1GMT

It is now at 2314 low of the pit gap downside from 10.07

*Sorry for the typo of the original post: there I wrote 2414 instead of 2314 that is clearly an imprecision.
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  • #1,039
  • Oct 18, 2016 9:48am Oct 18, 2016 9:48am
Quoting Devart
What do you think about to insert a Sell order with EP, SL, TP indicated by arrows ? C (pit) TPO crushed just below the gap and down 2040-2035 we have poor lows. Today trend is up but we have a strong gap up just above and the general trend is down. {image}
I prefer to use direct manual orders: maybe they could be more imprecise but I feel myself more in controll of the situation. About the short I do not know: for now is a mess. Surely is very weak downside but the momentum is higher. If it will confirm a failure above preUS C period I could take this possibility in serious consideration.
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  • #1,040
  • Oct 18, 2016 10:13am Oct 18, 2016 10:13am
17:12 +1GMT

Now, C failed above preUS C and if we have a confirmation by D we could consider this as a confirmed failed breakout upside. I do not like athis market at all anyway. The natural target after a failure above balance is at the opposite side of that balance. It is not a science but it is very normal. Also we have weaknesses below there. But I repeat it, I do not like this. PreUS and pit US are both in onetimeframing higher right now. And the gap downside is untouched. A possibility is to step aside. And I'll do it if I'll not understand what marke is really doing.
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