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Lock's Cable Corner

  • #1,661
  • Nov 17, 2016 3:26am Nov 17, 2016 3:26am
10:26 24918 first test at yesterday GB high.
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  • #1,662
  • Nov 17, 2016 3:35am Nov 17, 2016 3:35am
10:35 Both yesterday GB high and the previous 11.15 GB high tested. This was also an attempted breakout form balance: if we found acceptation above it we could have continuation upside while if we will get rejection the natural target is at the opposite side of the balance (meaning 11.15 GB session low at 23925). If we find acceptation above this balance we could go and fill the old TRIPLE PASS GB GAP upside at 25413-2553.
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  • #1,663
  • Nov 17, 2016 6:59am Nov 17, 2016 6:59am
13:59+1GMT

I don't know where preUS is going to open but the information from the recent GB activity is pretty clear: none of the period's close are above the higher limits of the last 2 days GB balance (11.15 & 11.16 GB highs)

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  • #1,664
  • Nov 17, 2016 7:05am Nov 17, 2016 7:05am
14:05 PreUS eventually opened above yesterday preUS high, tested inside yes range and went up again: consider this the first attempted US breakout above balance. Note that we are before major news, so obviously watch out. Yesterday pt session POC was very prominent at 2441: with a so prominent poc it is very rare to see price continue higher without at least a test of it.
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  • #1,665
  • Nov 17, 2016 7:13am Nov 17, 2016 7:13am
Quoting Lock
14:05 PreUS eventually opened above yesterday preUS high, tested inside yes range and went up again: consider this the first attempted US breakout above balance. Note that we are before major news, so obviously watch out. Yesterday pt session POC was very prominent at 2441: with a so prominent poc it is very rare to see price continue higher without at least a test of it.
14:13
Did you see the immediate test of it? Skipped only for a couple of pips for now. Also today GB poor low taken out. And specially tested the weekly bracket high at 24437.
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  • #1,666
  • Nov 17, 2016 7:39am Nov 17, 2016 7:39am
Quoting Lock
{quote} 14:13 Did you see the immediate test of it? Skipped only for a couple of pips for now. Also today GB poor low taken out. And specially tested the weekly bracket high at 24437.
14:39
2441 yesterday pit prominent POC now tagged at the pip by current B period low. Note that period B high is weak at preUS half back and weak below at yesterday pit session halfa back.
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  • #1,667
  • Nov 17, 2016 7:56am Nov 17, 2016 7:56am
14:56 Weak and emotional environment for now. B period tagged yesterday m30 cluster at 2430 level (H, J and K periods' s lows from yesterday pit session) and is still weak at previous half back (24655)
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  • #1,668
  • Nov 17, 2016 8:29am Nov 17, 2016 8:29am
Quoting Lock
14:56 Weak and emotional environment for now. B period tagged yesterday m30 cluster at 2430 level (H, J and K periods' s lows from yesterday pit session) and is still weak at previous half back (24655)
Considering:

  1. today yellen is going to speak
  2. that USD has gained against all the major currencies
  3. that in 14/12 it will be realase about Fed interes (rumors say thai it probable...we will see)
  4. GBPUSD trend seems down BUT as I said USD has gained a lot of
  5. looking at the gap in GBPUSD seems more difficult to go up then down (goind up we have many gaps BUT read point 4)
  6. there is clear lateral channel
  7. EDIT : daily volume are lower then each previous day

, are you mainly up or down until 14/12 lock ?

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  • #1,669
  • Nov 17, 2016 8:29am Nov 17, 2016 8:29am
15:29 C inside period of B. C high weak at yesterday pit open as B high weak at previous preUS half back. B low weak at yesterday m30 cluster as written. Pit session is going to open inside yesterday pit range.
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  • #1,670
  • Nov 17, 2016 8:32am Nov 17, 2016 8:32am
Quoting Devart
{quote} Considering: today yellen is going to speak that USD has gained against all the major currencies that in 14/12 it will be realase about Fed interes (rumors say thai it probable...we will see) GBPUSD trend seems down BUT as I said USD has gained a lot of looking at the gap in GBPUSD seems more difficult to go up then down (goind up we have many gaps BUT read point 4) there is clear lateral channel EDIT : daily volume are lower then each previous day , are you mainly up or down until 14/12 lock ? {image} {image} {image} {image}
I currently see more downside than upside*, but I'm currently neutral. I suggest anyone here to take the market a piece at a time. Best L.

*on a short timeframe base.
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  • #1,671
  • Nov 17, 2016 8:51am Nov 17, 2016 8:51am
15:51 Price is up and down the weekly bracket high 24437. A period tagged yesterday pit unchanged at 24385. So it is a very weak environment. Go with the break above or below yesterday pit session range (24125-2470): if it will fail above or below the natural initial target will be the opposite side of that balance.
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  • #1,672
  • Nov 17, 2016 9:21am Nov 17, 2016 9:21am
16:21 Very narrow range. Price still glued to the weekly bracket high 24437.
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  • #1,673
  • Nov 17, 2016 9:42am Nov 17, 2016 9:42am
16:42 pit C period attempted breakout from preUS C period low. A lot of weakness for now. Only weak hands trading money for now.
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  • #1,674
  • Nov 17, 2016 9:49am Nov 17, 2016 9:49am
Quoting Lock
14:56 Weak and emotional environment for now. B period tagged yesterday m30 cluster at 2430 level (H, J and K periods' s lows from yesterday pit session) and is still weak at previous half back (24655)
yesterday pit session multi period's lows cluster taken out at 2430 level.
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  • #1,675
  • Nov 17, 2016 10:09am Nov 17, 2016 10:09am
Quoting Lock
16:42 pit C period attempted breakout from preUS C period low. A lot of weakness for now. Only weak hands trading money for now.
17:09 Weak hands. Pit C period failed below preUS C period: natural target opposite side of preUS C period balance. (24595)
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  • #1,676
  • Nov 17, 2016 10:20am Nov 17, 2016 10:20am
Quoting Lock
{quote} 17:09 Weak hands. Pit C period failed below preUS C period: natural target opposite side of preUS C period balance. (24595)
17:20 +1GMT
preUS C period high 24595 reached.

Quoting Lock
15:29 C inside period of B. C high weak at yesterday pit open as B high weak at previous preUS half back. B low weak at yesterday m30 cluster as written. Pit session is going to open inside yesterday pit range.
Both taken out (preUS C high 24595 and B high 2465*). Very very weak market for now: yesterday pit session range has not been tested yet nor below nor above after 4 periods.

*edit B high only tagged for now.
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  • #1,677
  • Nov 17, 2016 10:43am Nov 17, 2016 10:43am
17:42
E low at yesterday unchanged. As you see the references used during this session are all exact and weak levels for now. Let's see if something will happen during next periods or if we will have to wait untill tomorrow. Note price still up and down the weekly bracket high 24437 from open time.
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  • #1,678
  • Nov 17, 2016 11:03am Nov 17, 2016 11:03am
Quoting Lock
17:42 E low at yesterday unchanged. As you see the references used during this session are all exact and weak levels for now. Let's see if something will happen during next periods or if we will have to wait untill tomorrow. Note price still up and down the weekly bracket high 24437 from open time.
Weak E low taken out by E period itself. Now E period is inside of D: possible break from here.
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  • #1,679
  • Nov 17, 2016 11:51am Nov 17, 2016 11:51am
Quoting Lock
{quote} Weak E low taken out by E period itself. Now E period is inside of D: possible break from here.
18:50 So, again, F period attempted a break above inside period E, failed and then G went back to the opposite side of the E period balance: very normal considering the rotational weak environment. Current pit Point Of Control (POC) is already 6 letters wide. And it is substantially at the same price level of the very prominent pit POC made ysterday. Not the low nor the high of the yesterday pit session range has been tested yet.
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  • #1,680
  • Nov 17, 2016 1:02pm Nov 17, 2016 1:02pm
20:04 First test of yesterday pit session range low after 9 periods of current pit session. D period high tagged the weak B preUS period high, H period high at previous half back(plus weekly bracket high tag), I period high at yesterday unchange tag: carry these information forward if the break fails.
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