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Lock's Cable Corner

  • #1,201
  • Oct 24, 2016 5:08am Oct 24, 2016 5:08am
12:08 even G low at half back: now we got a cluster there...
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  • #1,202
  • Edited 5:31am Oct 24, 2016 5:18am | Edited 5:31am
Quoting Lock
12:08 even G low at half back: now we got a cluster there...
Isn't this daily structure looking like a Neutral-day?

Anyway the base is maybe to short to be a Neutral-day....
You can manage risk, but you can't manage the return
  • #1,203
  • Oct 24, 2016 5:29am Oct 24, 2016 5:29am
Quoting Lock
12:08 even G low at half back: now we got a cluster there...
12:29 Watch out if it will not find anything below this cluster at 22338 or above the poor high cluster at 22485: a failure above or below could lead almost immediately to a retracement to the opposite side of the balance.
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  • #1,204
  • Edited 5:53am Oct 24, 2016 5:31am | Edited 5:53am
Quoting HappyMe
{quote} Isn't this daily structure looking like a Neutral-day? Anyway the base is maybe to short to be Neutral-day....
Well, do not try to make a science of it. Forget the definitions. Try to follow market generated information. Best L.

PS: Ask yourself: what is market currently telling me? About convicition, about partecipation? Where are the odds if any? Should I trade or not today? Where could I put my stops if it will break? Have I a structural place to put my SL?

Also:
where is developing current value? Is it below, above or inside yesterday value? How many periods have the session to eventually move the POC above or below and consequently the value? If price will break above or below where will it find itself compared to value after the break? And then: is this a rotational environment or a tranding one? At the end of all this consideration: where are the odds about a good break?
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  • #1,205
  • Oct 24, 2016 5:51am Oct 24, 2016 5:51am
Quoting Lock
{quote} Well, do not try to make a science of it. Forget the definitions. Try to follow market generated information. Best L. PS: Ask yourself: what is market currently telling me? About convicition, about partecipation? Where are the odds if any? Should I trade or not today? Where could I put my stops if it will break? Have I a structural place to put my SL?
Thanks for the answer....well I'm following/reading/studing the Novice and Advanced Beginner chapters of the Mind over Makets book at the moment.

It was written: if you have an idea what to expect... you already have a possible picture of the puzzle to solve and if you have that picture you can put the puzzle of the day earlier together then if you do not know what type of market we have for the current day.
You can manage risk, but you can't manage the return
  • #1,206
  • Oct 24, 2016 5:56am Oct 24, 2016 5:56am
Quoting HappyMe
{quote} Thanks for the answer....well I'm following/reading/studing the Novice and Advanced Beginner chapters of the Mind over Makets book at the moment. It was written: if you have an idea what to expect... you already have a possible picture of the puzzle to solve and if you have that picture you can put the puzzle of the day earlier together then if you do not know what type of market we have for the current day.
Exactly: this is the correct approach.
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  • #1,207
  • Oct 24, 2016 6:14am Oct 24, 2016 6:14am
Quoting Lock
{quote} 12:29 Watch out if it will not find anything below this cluster at 22338 or above the poor high cluster at 22485: a failure above or below could lead almost immediately to a retracement to the opposite side of the balance.
H period failed below E F G balance low and I period is now back upside at the opposite side of the balance. Note anyhow that I low is again at half aback: extraordinary weak environment.
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  • #1,208
  • Oct 24, 2016 6:33am Oct 24, 2016 6:33am
13:33 we are in the last period of GB: we could have a spike considering current tiny range. Anyhow the efforts to take out the poor high are really a lot. This is suspect to me.
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  • #1,209
  • Oct 24, 2016 6:50am Oct 24, 2016 6:50am
Quoting Lock
{quote} H period failed below E F G balance low and I period is now back upside at the opposite side of the balance. Note anyhow that I low is again at half aback: extraordinary weak environment.
Quoting Lock
13:33 we are in the last period of GB: we could have a spike considering current tiny range. Anyhow the efforts to take out the poor high are really a lot. This is suspect to me.
13:50 +1GMT
And in fact here we are again at half back...
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  • #1,210
  • Oct 24, 2016 6:51am Oct 24, 2016 6:51am
Quoting Lock
13:33 we are in the last period of GB: we could have a spike considering current tiny range. Anyhow the efforts to take out the poor high are really a lot. This is suspect to me.
Just for sure, if I understand you correct........ You mean...if they try so hard and can manage to break the poor high..... it's probably not going to break...

Did I understand you correct?
You can manage risk, but you can't manage the return
  • #1,211
  • Oct 24, 2016 6:57am Oct 24, 2016 6:57am
13:57 PreUS is going to open inside yesterday pit sessin range or above it with a gap?
Note current and final range for GB session: just 29 pips. Quite a record , isn't it?
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  • #1,212
  • Oct 24, 2016 7:06am Oct 24, 2016 7:06am
Quoting HappyMe
{quote} Just for sure, if I understand you correct........ You mean...if they try so hard and can manage to break the poor high..... it's probably not going to break... Did I understand you correct?
Correct or if a break occurres it should not last. But this was during GB session. Now we are in the preUS and we have different partecipants to the market with different targets and different behaviours. Let's see. Because it opened inside Friday pit range initial acceptation of that range is expected unless a rapid breakout will occur.
After the acceptation we could wait for a test above and / or below Friday range.

I'll be off for a while. Have a good continuation. Best L.
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  • #1,213
  • Edited 8:30am Oct 24, 2016 8:12am | Edited 8:30am
15:12 +1GMT Also preUS established a poor high at 24415. And it made it tagging Friday pit session high! It is unbelivable. Really.

We have now 7 poor highs in a row. It is surely an uncommon market condition where the only exclusive participants are daytimeframe traders.

Quoting Lock
11:04 E low at half back/Tokyo high.... Downside we have: E low at half back 22338 D low at open 2224 A low at spike base 2220. This does not mean it cannot continue higher: but carry this information forward. If we finally remove some weakness above these references below will be helpfull in the future.

And in the meanwhile the weak GB references below have been almost removed. Let's see if it could eventually do something above or not.

15:30+1GMT Pit US opened inside Friday range: initial acceptation of that range expected: then test above and/or below.
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  • #1,214
  • Oct 24, 2016 8:31am Oct 24, 2016 8:31am
Let me say that I cannot believe the weaknesses above could remain untouched. It is too much. But I cannot also believe my eyes when I see that current pit session opened exactly at the pip at Friday unchanged 22286!
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  • #1,215
  • Oct 24, 2016 8:41am Oct 24, 2016 8:41am
Quoting Lock
Let me say that I cannot believe the weaknesses above could remain untouched. It is too much. But I cannot also believe my eyes when I see that current pit session opened exactly at the pip at Friday unchanged 22286!

Ugly monday..

very ranging and waste of time..

Cheers mate

Al.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #1,216
  • Oct 24, 2016 8:49am Oct 24, 2016 8:49am
15:50 +1GMT
I will recap here the incredible weak sequence above:

  1. Today preUS poor high at 22416,
  2. GB 10.21 poor high at 2248 Tagged by today GB session poor high at 22487,
  3. Sydney 10.20 poor high at 22597,
  4. Pit 10.20 poor high at 2274,
  5. GB 10.20 poor high at 2285,
  6. Tokyo 10.20 poor high at 2298 and finally
  7. Pit 10.19 poor high at 2322

We have also very weak references below as the Friday preUS 21707 and pit US 21857 poor lows or the cluster of lows at 2135 zone, but nothing comparable with what we got upside.

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  • #1,217
  • Oct 24, 2016 9:00am Oct 24, 2016 9:00am
Quoting Almo2312
{quote} Ugly monday.. very ranging and waste of time.. Cheers mate Al.
Absolutely ugly. A waste of time for now. But maybe a good opportunity if we wait some more.
Best L.
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  • #1,218
  • Oct 24, 2016 9:02am Oct 24, 2016 9:02am
Quoting Lock
11:04 E low at half back/Tokyo high.... Downside we have: E low at half back 22338 D low at open 2224 A low at spike base 2220 This does not mean it cannot continue higher: but carry this information forward. If we finally remove some weakness above these references below will be helpfull in the future.
16:02+1GMT
Eventually all the GB weaknesses have been taken out.
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  • #1,219
  • Oct 24, 2016 9:50am Oct 24, 2016 9:50am
16:50
US pit C period is now tagging Friday preUS openening 22038. Still a day timeframe environment made of very exact references.
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  • #1,220
  • Oct 24, 2016 10:08am Oct 24, 2016 10:08am
Quoting Lock
16:50 US pit C period is now tagging Friday preUS openening 22038. Still a day timeframe environment made of very exact references.
17:07+1GMT
Also D period is bouncinf at Friday preUS open 22038: same partecipants same weakness.
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