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Lock's Cable Corner

  • #1,341
  • Oct 27, 2016 2:53am Oct 27, 2016 2:53am
09:53 I don't know what this weak market is going to do but if it go downside it will be a liquidation, because the startin point of it are: A high at yesterday GB unchanged 22143, B high at today open 2211. Also note that Tokyo N period is at Tokyo half back (2221) as Tokyo high (2237) is at a previous cluster of Tokyo closes (both weak then).
If it will go down from here without any correction above: watch out! Near targets for possible liquidation are the weak C 21828 and D 2195 period lows from yesterday GB
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  • #1,342
  • Oct 27, 2016 2:59am Oct 27, 2016 2:59am
9:59 Current GB initial balance, with its 14 pips of range, is the smallest of the last months, even smaller than the record one made by 10.25 GB session. B period is inside A: possible break from here, above and/or below

Quoting Lock
09:53 I don't know what this weak market is going to do but if it go downside it will be a liquidation, because the startin point of it are: A high at yesterday GB unchanged 22143, B high at today open 2211. Also note that Tokyo N period is at Tokyo half back (2221) as Tokyo high (2237) is at a previous cluster of Tokyo closes (both weak then). If it will go down from here without any correction above: watch out! Near targets for possible liquidation are the...
10:12 +1GMT Taken out by C action. A low is still weak at 2200 round. If the break fails above you know where it can go at least initially. Note anyhow that we are now at the main composite poc 2221.
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  • #1,343
  • Oct 27, 2016 3:14am Oct 27, 2016 3:14am
10:14 C high tagging yesterday GB high 2225: it is weak now.
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  • #1,344
  • Oct 27, 2016 3:16am Oct 27, 2016 3:16am
Quoting Lock
10:14 C high tagging yesterday GB high 2225: it is weak now.
10:16
Taken out.
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  • #1,345
  • Oct 27, 2016 3:26am Oct 27, 2016 3:26am
Quoting Lock
09:53 I don't know what this weak market is going to do but if it go downside it will be a liquidation, because the startin point of it are: A high at yesterday GB unchanged 22143, B high at today open 2211. Also note that Tokyo N period is at Tokyo half back (2221) as Tokyo high (2237) is at a previous cluster of Tokyo closes (both weak then). If it will go down from here without any correction above: watch out! Near targets for possible liquidation are the weak C 21828 and D 2195 period lows from yesterday GB
10:26 Too many single pips for C. Watch out. Also the Tokyo high has been removed.
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  • #1,346
  • Oct 27, 2016 3:33am Oct 27, 2016 3:33am
Quoting Lock
08:55 +1GMT .... and we have an imbarassing situation with the huge cluster at 2248 level. Also note that we still have an incredible 2 pips gap downside (from 10.20 GB session low at 22506) left just above that level. ...
10:33+1GMT
The cluster at 2248 is eventually no more: AT LAST!! Also the old little gap downside is no more.

Above we still have the GB 10.20 poor high at 2285. But watch out because C and D are very extended and they have a lot of single pips.
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  • #1,347
  • Oct 27, 2016 3:44am Oct 27, 2016 3:44am
10:44 +1GMT
For any meaningfull continuation upside, in order to take out also the GB 10.20 poor high at 2285, we need to obtain acceptation above yesterday GB high at 2225. Acceptation means at least a couple of period close above (or below) a particular level. Do not try to make a perfect rule of it. And, furthermore is only 1 data point.

If no acceptation consider the attractive power of the composite poc at 2221 and the weak GB low at 2200 round number.

Anyway: first of all let's see how it will manage the minus development made in C period by D period low and A period high 22145-2241.
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  • #1,348
  • Oct 27, 2016 3:48am Oct 27, 2016 3:48am
10:48 Current D low at yesterday GB close 22324. D period is trying to remove some of the minus development of C period
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  • #1,349
  • Oct 27, 2016 3:49am Oct 27, 2016 3:49am
Quoting Lock
10:48 Current D low at yesterday GB close 22324. D period is trying to remove some of the minus development of C period
Taken out.
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  • #1,350
  • Oct 27, 2016 3:53am Oct 27, 2016 3:53am
Quoting Lock
10:44 +1GMT For any meaningfull continuation upside, in order to take out also the GB 10.20 poor high at 2285, we need to obtain acceptation above yesterday GB high at 2225. Acceptation means at least a couple of period close above (or below) a particular level. Do not try to make a perfect rule of it. And, furthermore is only 1 data point. If no acceptation consider the attractive power of the composite poc at 2221 and the weak GB low at 2200 round number. Anyway: first of all let's see how it will manage the minus development made...
10:53 + 1GMT Let me also add that the acceptation is needed also above overnight high at 2248 level. (also the cluster of the previous GB poor highs)
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  • #1,351
  • Oct 27, 2016 4:00am Oct 27, 2016 4:00am
Quoting Lock
{quote} 10:26 Too many single pips for C. Watch out. Also the Tokyo high has been removed.
Quoting Lock
{quote} 10:33+1GMT The cluster at 2248 is eventually no more: AT LAST!! Also the old little gap downside is no more. Above we still have the GB 10.20 poor high at 2285. But watch out because C and D are very extended and they have a lot of single pips.
11:00 +1GMT
The C minus development is no more. D totally retraced itself: we are now at the composite poc 2221.
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  • #1,352
  • Oct 27, 2016 4:08am Oct 27, 2016 4:08am
11:08+1GMT Note that D period was the last of Tokyo and it closed at 22225 just a couple of pips above the composite POC. And only 13 pips above yesterday Tokyo close at 22093. These are not signs of great conviction in any direction for Tokyo partecipants.
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  • #1,353
  • Oct 27, 2016 4:11am Oct 27, 2016 4:11am
11:11 I'm off for a while. Have a nice continuation. Best L.
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  • #1,354
  • Oct 27, 2016 5:49am Oct 27, 2016 5:49am
12:49 +1GMT
After the news during period D, E period balanced inside D as F period balanced inside E. As normal from this balance situation a breakout* developed again above F and E inside periods. For now we obtained acceptation above yesterday GB range high 2225 but we still do not have acceptation above the removed cluster at 2248 level. In order to have it we need H, I and J closes (at least 2 of them) above that level. If not, back again to the composite poc at 2221.

*unfortunately for me, I missed it because I was off...
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  • #1,355
  • Oct 27, 2016 5:59am Oct 27, 2016 5:59am
12:59 please note that we have already 3 anomalies below current price location. With upcoming I period open we will have 4 anomalies. Carry this information forward.

Those anomalies are at:

  1. 2244-22445
  2. 2228-22315
  3. 2209-22115

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  • #1,356
  • Oct 27, 2016 6:05am Oct 27, 2016 6:05am
13:05 Now we have 4 anomalies. Consider that anyway we are in a one timeframing higher mode from start. Unless it will stop at least once we are in a minor inside day trend upwards.

Note that for the weekly timeframe the first important level is the high of the last week at 22317. After that, if we find acceptation there (if reached obviously) we will have the high of the previous week at 24437. These two levels are natural targets after the possible failure below the weekly balance.
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  • #1,357
  • Oct 27, 2016 6:10am Oct 27, 2016 6:10am
How it is possible a market so illogical?
It moves random
  • #1,358
  • Oct 27, 2016 6:16am Oct 27, 2016 6:16am
13:16 Very suspect range for I period. Watch out for a correction. remember that even ifwe are in one timeframing mode we are also in a rotational environment.
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  • #1,359
  • Oct 27, 2016 6:18am Oct 27, 2016 6:18am
Quoting Devart
How it is possible a market so illogical? It moves random
It is not illogical. It is ruled by a single timeframe that use only its rules. Anyway I'm the first one to say that is very very difficult because the absence of other timeframes leave us without a possible edge. Day timeframe partecipants are not interested in market direction on a bigger perspective.
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  • #1,360
  • Oct 27, 2016 6:23am Oct 27, 2016 6:23am
Quoting Lock
{quote} It is not illogical. It is ruled by a single timeframe that use only its rules. Anyway I'm the first one to say that is very very difficult because the absence of other timeframes leave us without a possible edge. Day timeframe partecipants are not interested in market direction on a bigger perspective.
Yes this is true, but I mean that randomly start big movement...consider this morning...25 october.
It is damn difficult to trade
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