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Lock's Cable Corner

  • #1,101
  • Oct 20, 2016 3:36am Oct 20, 2016 3:36am
10:35 weak low at yesterday low plus Tokyo low, weak refs upside at open and unchange plus poor high: still weak hands ruling.
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  • #1,102
  • Oct 20, 2016 3:38am Oct 20, 2016 3:38am
Quoting Devart
The euro session is non trend infact in few hours there will ECB press conference and MBR. C is at the minum of euro session of yesterday. We have US gap up and down. Down we have poor lows of Tokyo and GB session of 18.10. Instead UP we have stronger highs. I suppose that from here the market con move up or down with 50-50 possibility. THe today range is included in yesterday range so today if the yesterday range will be broken we could have a strong trend. Where ...boh What do you think Lock? {image}
I think that for now we have seen nothing yet. As you say we are in a balance, accepting yesterday range for now. Probably waiting for more information (news and so on) Current action as written is totally ruled by weak hands.
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  • #1,103
  • Oct 20, 2016 3:42am Oct 20, 2016 3:42am
Current range is too narrow even in consideration of the upcoming news and info. I think is going to unfold next hour or so.
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  • #1,104
  • Oct 20, 2016 3:51am Oct 20, 2016 3:51am
hi lock
I think if it breaks 2254 successfully it'll go down to 217x, what do u say?
Or at least tests 2193 first
  • #1,105
  • Oct 20, 2016 4:02am Oct 20, 2016 4:02am
Quoting MohammadEC
hi lock I think if it breaks 2254 successfully it'll go down to 217x, what do u say? Or at least tests 2193 first
Hello Mohammad,
If it will break leaving behind all these weaknesses above, first of all watchout. I for some reason it will skip those weak refs, the 2193 poc is very possible. Best L.
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  • #1,106
  • Oct 20, 2016 4:06am Oct 20, 2016 4:06am
11:05 E period high at half back 22736, again...
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  • #1,107
  • Oct 20, 2016 4:08am Oct 20, 2016 4:08am
Quoting Lock
10:35 weak low at yesterday low plus Tokyo low, weak refs upside at open and unchange plus poor high: still weak hands ruling.
11:08 The weak low is no more, but coming from what you know above... E low weak at round 2250
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  • #1,108
  • Oct 20, 2016 4:11am Oct 20, 2016 4:11am
11:11 +1GMT
Price action left above:yesterday pit poor high 23222, Today Tokyo 2298 and GB 2285 poor highs, weak C period high at yes unchanged 2284, weak period high at today open 22797 and weak period high at half back 22736.Watch out.
The only thing capable to skip this mess is a big gap downside for upcoming preUS/pit session. For continuation downside you consequently need an acceptation below yesterday GB low 2264. If not...
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  • #1,109
  • Oct 20, 2016 4:35am Oct 20, 2016 4:35am
11: 35 F high at half back plus yesterday GB open 22685, at the pip...

I'm not saying that it cannot continue lower, I'm sayng that the structure above is totally weak and if you are selling you are doing this alongside weak partecipants. Now, if we do not find buyers the weak move could continue anyway.. If instead we find them, who could react to a retracement upside?

Remember that for now we didn't find serious buyers, because C low is at round 2250. Only preserving the buying tale we could imagine that someone stronger bought right above 2250...
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  • #1,110
  • Oct 20, 2016 5:00am Oct 20, 2016 5:00am
12:00 +1GMT
As you see those who were selling from that weak structure have been retraced almost completely. Do not forget anyhow the starting point of this correction (round 2250): carry this information forward because even if the buyers downside are clearly stronger than sellers upside, they still are not serious stronger timeframes.
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  • #1,111
  • Oct 20, 2016 5:10am Oct 20, 2016 5:10am
Quoting Lock
11:11 +1GMT Price action left above:yesterday pit poor high 23222, Today Tokyo 2298 and GB 2285 poor highs, weak C period high at yes unchanged 2284, weak period high at today open 22797 and weak period high at half back 22736.Watch out. The only thing capable to skip this mess is a big gap downside for upcoming preUS/pit session. For continuation downside you consequently need an acceptation below yesterday GB low 2264. If not...
12:10+1GMT
So, all the weak period highs have been taken out now. We have still the poor highs to solve,but watch out, we are in a rotational environment in a market ruled by weak hands.
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  • #1,112
  • Oct 20, 2016 5:29am Oct 20, 2016 5:29am
Quoting Lock
{quote} 12:10+1GMT So, all the weak period highs have been taken out now. We have still the poor highs to solve,but watch out, we are in a rotational environment in a market ruled by weak hands.
12:29 +1GMT
As you see. Now I'm off for a while because I've to do a lot of things for my business. See you later and have a good continuation in the meanwhile. Best L.
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  • #1,113
  • Oct 20, 2016 7:05am Oct 20, 2016 7:05am
Lock,
a MP used for FX that has also CTi is available or for this kind of market it doesn't exist?

Thank you
  • #1,114
  • Oct 20, 2016 8:05am Oct 20, 2016 8:05am
The breakout in period C halted at 1.2213 just below 1.2217. I think it halted there because it was an old up-gap (excess) at 18.10.
It is also broken... the next level to break is 1.2201 if we come that far...

If I'm wrong please correct me....!
You can manage risk, but you can't manage the return
  • #1,115
  • Oct 20, 2016 8:17am Oct 20, 2016 8:17am
15:15 +1GMT
For now you are warching a big liquidation. Current C is at half back and current preUS session added its own poor hight to the list. Watch out.

Below the possible pause is at composite poc as written. But I repeat it, watch out.

USDX is currently rallying. The cable has, as written this morning, its "final" target at 2135 zone. But we have composit poc before. This liquidation could lead to a correction of 2135 zone but leaving above a mess of weaknesses: carry this information forward if it will continue lower.

PS: I was not present in the last 2 hours so I didn't follow this move from the start (nor I'm in it)
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  • #1,116
  • Oct 20, 2016 8:32am Oct 20, 2016 8:32am
Quoting Devart
Lock, a MP used for FX that has also CTi is available or for this kind of market it doesn't exist? Thank you
Windotraderblue could be used with a data provider as Barchart that as you know has anything avaible in the market. But in ordet to place directly a position on chart the only one I know is CQG.
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  • #1,117
  • Oct 20, 2016 8:36am Oct 20, 2016 8:36am
Quoting Lock
{quote} Windotraderblue could be used with a data provider as Barchart that as you know has anything avaible in the market. But in ordet to place directly a position on chart the only one I know is CQG.
Ok, it the same used by Dalton. I mean in Mt4 but i do not think it will possible
  • #1,118
  • Oct 20, 2016 8:37am Oct 20, 2016 8:37am
Now if the Pit session doesn't arrive at the bottom of yesterday pit there could an island days and the trend down is very possible. Am I correct?
  • #1,119
  • Oct 20, 2016 8:40am Oct 20, 2016 8:40am
15:40 +1GMT
Now, the attempted breakout made by preUS has been retraced almost enirely but pit session opened with a gap downside. We have 2 possibilities here: the gap resists and in this case we go downside to the lower composite poc and maybe below it. THe gap will not resist and in this case we are going to correct all the weaknesses above up to yesterday pit session poor high and more.
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  • #1,120
  • Oct 20, 2016 8:42am Oct 20, 2016 8:42am
Quoting Devart
Now if the Pit session doesn't arrive at the bottom of yesterday pit there could an island days and the trend down is very possible. Am I correct?
Yes if current pit will not retrace up to yesterday pit low we will have an island reversal.
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