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Lock's Cable Corner

  • #1,061
  • Oct 19, 2016 5:14am Oct 19, 2016 5:14am
12:11 +1GMT
Price is now at the main, as normal (main com poc at 2293). Value is still higher from yesterday GB session value. And we are inside yesterday US sessions range (preUS and pit US). I'm off for a while. Have a good continuation. See you later.
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  • #1,062
  • Oct 19, 2016 6:46am Oct 19, 2016 6:46am
13:46 G was inside F. H attempted above and failed and I is now at the opposite side of the balance G: normal.

I would like to have a final break downside for J but its high is at HB for now (2298). Anyhow, if it will break we could build a gap for preUS and Pit sessions and that could skip the weaknesses left above. Let's see.
We are also very close to the attraction of the comp. poc at 2291. We need volume to evade it.
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  • #1,063
  • Oct 19, 2016 6:59am Oct 19, 2016 6:59am
13:59 The TAG made by Tokyo low at 2256 is clearly suspect: so take it in to consideration for upcoming preUS session activity.

Above I period high is at yesterday GB close 23088.
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  • #1,064
  • Edited 7:19am Oct 19, 2016 7:02am | Edited 7:19am
14: 02 Current preUS A period is tagging downside yesterday pit session poor low 22836: very weak.

PreUS opened inside yesterday preUS and pit US sessions. Initial acceptation of that range and eventually tests above and/or below it is expected:

  1. pit range 22863 36(edit)-23247
  2. preUS+pit US 2256-23247

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  • #1,065
  • Oct 19, 2016 7:18am Oct 19, 2016 7:18am
Quoting Lock
14: 02 Current preUS A period is tagging downside yesterday pit session poor low 22836: very weak. PreUS opened inside yesterday preUS and pit US sessions. Initial acceptation of that range and eventually tests above and/or below it is expected: pit range 22863-23247 preUS+pit US 2256-23247
14:18 First test of preUS below yesterday pit session poor low.
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  • #1,066
  • Oct 19, 2016 7:54am Oct 19, 2016 7:54am
Quoting Lock
{quote} 14:18 First test of preUS below yesterday pit session poor low.
It doesn't show really what it wants to do or?
Today I'm smashed from the up- to the down and to the up moves....
You can manage risk, but you can't manage the return
  • #1,067
  • Oct 19, 2016 8:10am Oct 19, 2016 8:10am
Quoting HappyMe
{quote} It doesn't show really what it wants to do or? Today I'm smashed from the up- to the down and to the up moves....
PreUS is balancing inside yesterday preUS/pit range: current reaction is very normal. C is inside of B so if remains like this up to pit session open we could see a possible break. If not, "wait" is the right answer here.

Note also that B and C periods highs are both at yesterday pit session unch. that is also yesterday GB high.. very weak.
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  • #1,068
  • Oct 19, 2016 8:18am Oct 19, 2016 8:18am
Quoting Lock
{quote} PreUS is balancing inside yesterday preUS/pit range: current reaction is very normal. C is inside of B so if remains like this up to pit session open we could see a possible break. If not, "wait" is the right answer here. Note also that B and C periods highs are both at yesterday pit session unch. that is also yesterday GB high.. very weak.
you say a possible break. But I believe it is not clear which side it can break....or? Above is weak...below is weak.... session is nice balanced at the moment mhhh I'm lie on the floor
You can manage risk, but you can't manage the return
  • #1,069
  • Edited 8:49am Oct 19, 2016 8:38am | Edited 8:49am
Quoting HappyMe
{quote} you say a possible break. But I believe it is not clear which side it can break....or? Above is weak...below is weak.... session is nice balanced at the moment mhhh I'm lie on the floor
Don't do anything if you see that the situation is not clear. Wait, remove your thoughts about what happened before and simply watch the market. For now it's only balancing and nothing more. Also volume is very low. Wait and carry information forward. For instance: Pit period A tagged preUS period C. Could this be considered a good high? No way. Consequently carry this info forward.

Also, remember what written previously: pit session opened inside yesterday pit range/value: initial acceptation of yesterday range expected, then possible test above and/or below it. We didn't reach nor the top nor the bottom of yesterday. So what? Nothing happened yet but initial acceptation.

Furthermore we are up and down yesterday pit unchanged ( 22953 close price). Why do you think they called it "unchanged"? Because if a new price is around it, nothing changed from the day before...
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  • #1,070
  • Oct 19, 2016 8:50am Oct 19, 2016 8:50am
Quoting Lock
{quote} Don't do anything if you see that the situation is not clear. Wait, remove your thoughts about what happened before and simply watch the market. For now it's only balancing and nothing more. Also volume is very low. Wait and carry information forward. For instance: Pit period A tagged preUS period C. Could this be considered a good high? No way. Consequently carry this info forward. Also, remember what written previously: pit session opened inside yesterday pit range/value: initial acceptation of yesterday range expected, then possible test...
Thanks for the good explanation!!
You can manage risk, but you can't manage the return
  • #1,071
  • Oct 19, 2016 8:58am Oct 19, 2016 8:58am
15:58 For now pit A is inside preUS C: balance and possible break if remains like this up to B open. If it will break watch out because it will surely weak at the opposite side, so if it will reatrace you know where it will go.
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  • #1,072
  • Oct 19, 2016 9:04am Oct 19, 2016 9:04am
Now we got 2 back to back poor low, yesterday (22837) and current session. At the same time we have the weak high at preUS C+ pit A (23048).
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  • #1,073
  • Oct 19, 2016 9:15am Oct 19, 2016 9:15am
Quoting Lock
15:58 For now pit A is inside preUS C: balance and possible break if remains like this up to B open. If it will break watch out because it will surely weak at the opposite side, so if it will reatrace you know where it will go.
As you see B attempted below balance A (2 pips below it) failed and went back to the opposite side of the balance (now exactly at open price). It could fail again above in order to solve the poor low from yesterday. If it will not fail above you want to see price at the top of yesterday pit asap.
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  • #1,074
  • Oct 19, 2016 9:23am Oct 19, 2016 9:23am
Now, if it something could go wrong above the possible places are 2: above yesterday pit high 22247 or above the old gap down 2344.

For now I do not like this move at all.

PS: if it will fail below yes pit high watch out because it will be a strong signal of weakness. So if it will come back from here without a test of yes pit high, watch out for a furter retracement when eventually will reach again downside.
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  • #1,075
  • Oct 19, 2016 9:34am Oct 19, 2016 9:34am
Do not be impressed by such beahvior: remember that for now price didn't test nor the top nor the bottom of yesterday range. So it's all weak money for now and weak money is dumb for definition.

Note the C period low at half back 23055..
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  • #1,076
  • Oct 19, 2016 9:43am Oct 19, 2016 9:43am
Quoting Lock
Do not be impressed by such beahvior: remember that for now price didn't test nor the top nor the bottom of yesterday range. So it's all weak money for now and weak money is dumb for definition. Note the C period low at half back 23055..
Did you see it?? Immediately punished.

C low still weak at open price. A suggestion, unless you are a very good scalper, let those guys commit suicide alone in this mess.
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  • #1,077
  • Oct 19, 2016 9:53am Oct 19, 2016 9:53am
Quoting Lock
{quote} Did you see it?? Immediately punished. C low still weak at open price. A suggestion, unless you are a very good scalper, let those guys commit suicide alone in this mess.
removed again..
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  • #1,078
  • Oct 19, 2016 10:03am Oct 19, 2016 10:03am
17:02 +1GMT
Watch out below yesterday poor low if reached, because...

Quoting Lock
{quote} As you see B attempted below balance A (2 pips below it) failed and went back to the opposite side of the balance (now exactly at open price). It could fail again above in order to solve the poor low from yesterday. If it will not fail above you want to see price at the top of yesterday pit asap.
Quoting Lock
... if it will fail below yes pit high watch out because it will be a strong signal of weakness. So if it will come back from here without a test of yes pit high, watch out for a furter retracement when eventually will reach again downside.
If instead it will continue lower skipping the mess upside (poor high included) we have space down to the base of the pit gap higher and more...
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  • #1,079
  • Edited 10:21am Oct 19, 2016 10:11am | Edited 10:21am
Note the magnetic force of the composite poc at 2291... Weak hands have not the strength to evade it..

Note also that D period went down and stopped just 1 single pip above yesterday pit session poor low..Extrordinary weakness in this market.

17:20
I hope you did see them selling again just 1 single pip below current half back (23035)...
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  • #1,080
  • Oct 19, 2016 10:24am Oct 19, 2016 10:24am
Quoting Lock
....17:20 I hope you did see them selling again just 1 single pip below current half back (23035)...
Good observation.... but honestly...no..I didn't...
I'm a little overwelmed after following your thread for a few days......Indeed I need a long way to go...!!
You can manage risk, but you can't manage the return
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