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Lock's Cable Corner

  • #1,881
  • Dec 1, 2016 3:40am Dec 1, 2016 3:40am
10:40
Yesterday GB unch and close are near one each other around 2480: for any meaningfull continuation downside we need to see price below that level asap. If not, back up again.
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  • #1,882
  • Dec 1, 2016 4:37am Dec 1, 2016 4:37am
I really expect the bigger time-frame kick-in around these levels....

Watch also the gap from 11.11...
You can manage risk, but you can't manage the return
  • #1,883
  • Dec 1, 2016 6:02am Dec 1, 2016 6:02am
Quoting Lock
10:40 Yesterday GB unch and close are near one each other around 2480: for any meaningfull continuation downside we need to see price below that level asap. If not, back up again.
13:02+1GMT
Well... as you see the "back up again" has been really significant..

Note anyhow that we have now 4 anomalies and 3 minus developments for current GB profile. So a correction of some of them is probable: made by current last 2 periods of GB or by the upcoming pre US, I don't know. Let's see
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  • #1,884
  • Dec 1, 2016 6:04am Dec 1, 2016 6:04am
Quoting HappyMe
I really expect the bigger time-frame kick-in around these levels.... Watch also the gap from 11.11...
Well anticipated.
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  • #1,885
  • Dec 1, 2016 6:16am Dec 1, 2016 6:16am
Quoting Lock
16/12/01 THURSDAY 08:21+1GMT (edited untill 08:42) EARLY MORNING REPORT ....IMPORTANT: last month is an inside one, so we could see an attempted breakout above or below it or both as in any balance environment. The range of November is consequently very important as its limits are possible breakeven levels: 22042-26731.

13:16+1GMT

2673 is November high. As written November is an inside month (inside October range): so this price is a "go/no go" level, meaning that is a possible breakeven.
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  • #1,886
  • Dec 1, 2016 6:36am Dec 1, 2016 6:36am
Quoting HappyMe
I really expect the bigger time-frame kick-in around these levels.... Watch also the gap from 11.11...

  1. The pit gap downside from 11.11 if upcoming pit will open around here will be a double pass gap. It is at 25255-25595.
  2. The minus developments left by current sharp fast move are at 2555-25595, 25665-2592 and 2598-26135.
  3. The highest GB november close is at 26043.
  4. The valley between the last 2 major composite pocs* is around 2586

* the closest major composite poc is at 26358.

We got now 5 anomalies for current GB profile plus 3 minus developments and it looks too much: carry this info forward.

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  • #1,887
  • Dec 1, 2016 6:43am Dec 1, 2016 6:43am
Quoting Lock
{quote} ... the closest major composite poc is at 26358. ....
immediately tagged at the pip. It is attracting price as normal.
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  • #1,888
  • Dec 1, 2016 6:52am Dec 1, 2016 6:52am
13:52+1GMT
Crude is still rallying from yesterday. USDX is still without a pit "all time" high and it is in the middle of the daily bracket:"They" made a lot of money.

PreUS is going to open with a huge gap upside from yes pit high at 25225 also above the old poor low from 11.14 at 2555: this last weak ref has to be considered automatically corrected obviously.
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  • #1,889
  • Dec 1, 2016 6:57am Dec 1, 2016 6:57am
13:57+1GMT

A further note about possible upside continuation.

2733 is the most prominent composite poc above current price location. And it is right above the old pit gap downside from 10.06. (26645-27284)
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  • #1,890
  • Dec 1, 2016 7:53am Dec 1, 2016 7:53am
Quoting Lock
{quote} Well anticipated.
mhhh....actually I anticipated for a down-move ....
You can manage risk, but you can't manage the return
  • #1,891
  • Dec 1, 2016 8:28am Dec 1, 2016 8:28am
15:28+1GMT
Pit US is going to open with a huge gap upside. It is very rare to retrace a so big gap the same day it is occurring. But we have not any correction downside for now. So watch out because we still have news at 16:00+1GMT. If there is continuation we have space up to level 2790 I think. But the move looks really very elongated right now.
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  • #1,892
  • Dec 1, 2016 8:29am Dec 1, 2016 8:29am
Quoting HappyMe
{quote} mhhh....actually I anticipated for a down-move ....
That's unfortunate. Forget it and let's see now.
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  • #1,893
  • Dec 1, 2016 8:31am Dec 1, 2016 8:31am
Quoting Lock
{quote} That's unfortunate. Forget it and let's see now.
No problem...already forgotten and looking for what the market wants to do...
You can manage risk, but you can't manage the return
  • #1,894
  • Dec 1, 2016 8:53am Dec 1, 2016 8:53am
15:53+1GMT
Highest november close for pit session is at 25965.

It is now testing the highest high of november for pit session at 26347 (11.11 pit session high): rejection below this level means possible continuation upside, acceptation is the opposite.
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  • #1,895
  • Dec 1, 2016 9:16am Dec 1, 2016 9:16am
16:16 If this is only a liquidation, do not forget the preUS poor high left at 26955.
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  • #1,896
  • Dec 1, 2016 9:27am Dec 1, 2016 9:27am
Quoting Lock
{quote}...The minus developments left by current sharp fast move are at 2555-25595, 25665-2592 and 2598-26135. ....
Quoting Lock
15:53+1GMT Highest november close for pit session is at 25965. It is now testing the highest high of november for pit session at 26347 (11.11 pit session high): rejection below this level means possible continuation upside, acceptation is the opposite.
16:26
Here you are. testing the pit session highest close of November(at the pip for now). And filling some of the minus developments left by GB session.
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  • #1,897
  • Dec 1, 2016 9:30am Dec 1, 2016 9:30am
I think C period will decide for acceptation or rejection back inside November.
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  • #1,898
  • Dec 1, 2016 9:44am Dec 1, 2016 9:44am
Please note the clean one single pip below B period low: weak hands there selling.
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  • #1,899
  • Dec 1, 2016 9:48am Dec 1, 2016 9:48am
Quoting Lock
Please note the clean one single pip below B period low: weak hands there selling.
taken out...
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  • #1,900
  • Dec 1, 2016 9:50am Dec 1, 2016 9:50am
Now we have pit poor low and preUS poor high.
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