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Attachments: Lock's Cable Corner
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Lock's Cable Corner

16:59:56 weekly balance low at 21353 tested at the pip
Ubi maior minor cessat
Quoting Lock
15:32 + 1GMT I repeat now: a lot of single pips for preUS C period and a minus development at 2181-2208. Only if the gap will resist we could skip the mess upside including in it the 7poor highs left above without correction.
17:05 +1GMT PreUS C period single pips retraced more than 50%
Ubi maior minor cessat
Quoting Lock
{quote} 17:05 +1GMT PreUS C period single pips retraced more than 50%
Perfect conclusions, my friend.

first target 2180, the second - 2205
since two hidden gaps need being closed

Best
D.P.
Hunting High and Low
Quoting Dr.Phoenix
{quote} Perfect conclusions, my friend. first target 2180, the second - 2205 since two hidden gaps need being closed Best D.P.
Thanks, my friend.

And now we got only 5 pips left: I don't now if the game is to retrace the gap or it is only a partial corection. Surely the weaknesses above are impressive. But also the craziness of this market is impressive, so...

PS: Anyway if this is a real retracement and a real failure below weekly balance we could go well above 2300. But let's take this market a piece at a time. First of all let's see if it is able to retrace the gap downside or if instead it is only a correction and we are going to retest the breakeven..
Ubi maior minor cessat
15:46 +1GMT we are in the last bar of London and the London lowest close for October is at 2186. Let's see how it will close compared tto that important level for London.
Ubi maior minor cessat
17:54 preUS C single pips, left by weak leggard hands are no more: those who sold moved by emotions have been removed from current market. Now let's see the gap and current period close.
Ubi maior minor cessat
Quoting Lock
17:54 preUS C single pips, left by weak leggard hands are no more: those who sold moved by emotions have been removed from current market. Now let's see the gap and current period close.
18:01 Well, I don't know. A portion of the gap downside is still in place. London closed below the previous lowest close for October. and we got a minus development in D period from the weekly low 21352 to 21536. If the gap downside will not be retraced quickly the odds are in favour for a new attempt downside in order to remove that minus development and eventually retest the weekly balance low.

Anyhow for now I see a lot of confusion and I opted to stay out of this mess.
Ubi maior minor cessat
18:16
If for any reason the minus development in D period from the weekly low 21352 to 21536 will not be filled we could have a double distribution session: this will change substantially the situation. In fact with a double distribution we could have continuation upside. Without it (meaning with a single distribution), the normal conclusion of such a session will be around its current POC at 2114. (preUS+pit US POC)
Ubi maior minor cessat
18:25 Well, it looks like "they" are reading my thread. Isn't it? Remaining portion of the gap downside immediately retraced after my last post... Now: we could have weak sellers right above it. If overwelmed we could have a massacre upside.
Ubi maior minor cessat
Quoting Lock
15:32 + 1GMT Pit session opens with a big gap from yesterday low at 2192 ... I repeat now: a lot of single pips for preUS C period and a minus development at 2181-2208. Only if the gap will resist we could skip the mess upside including in it the 7poor highs left above without correction.
18:28 +1GMT
So let's see now. Was the game only the correction of the gap downside or we could finally go up and remove the weak hands above?

Note that current retracement stopped just 1 single pip below the mid level (the half back of this range) of the move downside from 10.19 GB high at 23316.
Ubi maior minor cessat
Quoting Lock
{quote} Thanks, my friend. And now we got only 5 pips left: I don't now if the game is to retrace the gap or it is only a partial corection. Surely the weaknesses above are impressive. But also the craziness of this market is impressive, so... PS: Anyway if this is a real retracement and a real failure below weekly balance we could go well above 2300. But let's take this market a piece at a time. First of all let's see if it is able to retrace the gap downside or if instead it is only a correction and we are going to retest the breakeven..
E-F periods have covered both targets.

I must say I have rewatched Field of Vision. A must see movie.

Best
D.P.

Quoting Lock
{quote} 18:28 +1GMT So let's see now. Was the game only the correction of the gap downside or we could finally go up and remove the weak hands above? Note that current retracement stopped just 1 single pip below the mid level (the half back of this range) of the move downside from 10.19 GB high at 23316.
Yeah, sure. we have much work down.
However there is interesting for us to see how the day is about to be closed indeed.

Best
D.P.
Hunting High and Low
Quoting Lock
{quote} 18:28 +1GMT So let's see now. Was the game only the correction of the gap downside or we could finally go up and remove the weak hands above? Note that current retracement stopped just 1 single pip below the mid level (the half back of this range) of the move downside from 10.19 GB high at 23316.
Hi Lock,

With ur tread, i realise i had learn a lot . thanks very much
18:52 +1GMT
We have now an other minus development at 21775-21805. Carry this info forward because now we got 3 distributions: that generally is an indicator of emotional trading (meaning weak hands supporting it)
Ubi maior minor cessat
Quoting Dr.Phoenix
{quote} E-F periods have covered both targets. I must say I have rewatched Field of Vision. A must see movie. Best D.P. {quote} Yeah, sure. we have much work down. However there is interesting for us to see how the day is about to be closed indeed. Best D.P.
18:57
You are always very exact in your target! Now let's see how this market will manage the confusion it produced. I will not be surprised if it will continue higher to take out the weaknesses but at the same time I will not be surprised to see the 2 MD downside filled. Best L.
Ubi maior minor cessat
19:02+1GMT
Note G period inside F period: an other possible break here.
Ubi maior minor cessat
Quoting Lock
18:52 +1GMT We have now an other minus development at 21775-21805. Carry this info forward because now we got 3 distributions: that generally is an indicator of emotional trading (meaning weak hands supporting it)
19:14+1GMT
Taken out at the pip...
Ubi maior minor cessat
19:28
This attempted break is very important because it is at the limit of the minor bracket base: above we could have acceptation of the bracket, meaning continuation upside, while below it a possible rejection of the bracket range*. I'm speaking about the pit session bracket obviously.

*the bracket low is at 21856
Ubi maior minor cessat
Quoting uoyssimi
{quote} Hi Lock, With ur tread, i realise i had learn a lot . thanks very much
I took it as a compliment so thank you very much. You're welcome! But remember that anyone here has to learn a lot. The learning process should never end in order to survive in a market. Best L.
Ubi maior minor cessat
Anyhow I'm very tired right now. So I'm off. Have a nice continuation and let's see tomorrow. Best L.
Ubi maior minor cessat
Quoting Lock
{quote} 19:14+1GMT Taken out at the pip...
Look at the picture.

If the daily candle is closed above 21883 (the open price for the up-candle), today's candle could be the testing one, the up-move could be reliable.

Best
D.P.
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