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Lock's Cable Corner

  • #2,021
  • Dec 13, 2016 2:00am Dec 13, 2016 2:00am
Double excess upwards: yes spike + new gap
Ubi maior minor cessat
  • #2,022
  • Dec 13, 2016 2:25am Dec 13, 2016 2:25am
Quoting Lock
16/12/13 TUESDAY 07:50+1GMT (edited untill 07:52) EARLY MORNING REPORT .... Current Tokyo and Sydney sessions have both poor highs.
09:25+1GMT Sydney and Tokyo poor highs taken out.
Ubi maior minor cessat
  • #2,023
  • Dec 13, 2016 2:46am Dec 13, 2016 2:46am
For any meaningfull continuation upside we need acceptation above overnight high (26835 Sydney high). If not, watch out for correction. Period A closed above it. Now let's see B period.
Ubi maior minor cessat
  • #2,024
  • Dec 13, 2016 2:49am Dec 13, 2016 2:49am
09:49+1GMT
Note in case of continuation these values:

  1. 27115 half back of the entire move downside from 09.06;
  2. composite poc at 27298;
  3. and the top of the old GB gap downside at 2735.

Note that before these values GB has to face the same volume valley at 26965.

Ubi maior minor cessat
  • #2,025
  • Dec 13, 2016 2:57am Dec 13, 2016 2:57am
Quoting Lock
For any meaningfull continuation upside we need acceptation above overnight high (26835 Sydney high). If not, watch out for correction. Period A closed above it. Now let's see B period.
This obviously will not ensure us about continuation but it is clearly a prerequisite. A first step. That you should sum to the yesterday spike up and the new gap upside. We are trying to evaluate odds here. For now odds are in favour of continuation.

Note: Exogenous events could change odds in a metter of milliseconds. And we are before news: so watch out anyway.
Ubi maior minor cessat
  • #2,026
  • Dec 13, 2016 3:04am Dec 13, 2016 3:04am
10:04+1GMT
In case of shakeout before real move: downside we have the top of the spike 2646 and the spike base 26115 as possible limits for adownwards shakeout. Upwards we have 26965 and 27115
Ubi maior minor cessat
  • #2,027
  • Dec 13, 2016 3:13am Dec 13, 2016 3:13am
Continuous up and down upon overnight high: not a sign of strenght. Watch out. C inside B for now.
Ubi maior minor cessat
  • #2,028
  • Dec 13, 2016 3:34am Dec 13, 2016 3:34am
Quoting Lock
09:49+1GMT Note in case of continuation these values: 27115 half back of the entire move downside from 09.06; composite poc at 27298; and the top of the old GB gap downside at 2735. Note that before these values GB has to face the same volume valley at 26965.
10:34+1GMT Tagged at the pip.
Ubi maior minor cessat
  • #2,029
  • Dec 13, 2016 3:35am Dec 13, 2016 3:35am
Current D low at HB 2689: carry this info forward.
Ubi maior minor cessat
  • #2,030
  • Dec 13, 2016 3:38am Dec 13, 2016 3:38am
10:38+1GMT
27046 is the highest close of GB for December: consequently for any meaningfull continuation upside we want have acceptation above it.
Ubi maior minor cessat
  • #2,031
  • Dec 13, 2016 3:48am Dec 13, 2016 3:48am
10:48+1GMT
In case of old gap filled up to 2735: if we will have acceptation also above it we could aim at the old GB poor high at 27744.
Ubi maior minor cessat
  • #2,032
  • Dec 13, 2016 4:59am Dec 13, 2016 4:59am
Quoting Lock
Current D low at HB 2689: carry this info forward.

Now also F period low is at current HB 2699: again, carry this info forward. Note also that E was inside D
Ubi maior minor cessat
  • #2,033
  • Dec 13, 2016 5:06am Dec 13, 2016 5:06am
Quoting Lock
Current D low at HB 2689: carry this info forward.
Quoting Lock
{quote} Now also F period low is at current HB 2699: again, carry this info forward. Note also that E was inside D
12:06+1GMT
Both taken out...
Ubi maior minor cessat
  • #2,034
  • Dec 13, 2016 5:09am Dec 13, 2016 5:09am
Quoting Lock
{quote} {quote} 12:06+1GMT Both taken out...
12:09
Now the D period made after news has been totally corrected. I hope you will appreciate the importance of market generated information.
Ubi maior minor cessat
  • #2,035
  • Dec 13, 2016 8:26am Dec 13, 2016 8:26am
15:26+1GMT Pit US could open with a gap upside.
Ubi maior minor cessat
  • #2,036
  • Dec 13, 2016 8:43am Dec 13, 2016 8:43am
15:43+1GMT
27297 highest dec close for pit session: for any meaningfull continuation upside we need at least acceptation above it. If not watch out for correction: remember that pit session is leaving below 2 back to back double pass gap plus a poor low and a weak low for the last 3 sessions.
Ubi maior minor cessat
  • #2,037
  • Dec 13, 2016 8:45am Dec 13, 2016 8:45am
If we will have continuation possible targets are the poor highs of preUs at 27688 and GB at 27744.
Ubi maior minor cessat
  • #2,038
  • Dec 13, 2016 9:27am Dec 13, 2016 9:27am
Quoting Lock
15:43+1GMT 27297 highest dec close for pit session: for any meaningfull continuation upside we need at least acceptation above it. If not watch out for correction: remember that pit session is leaving below 2 back to back double pass gap plus a poor low and a weak low for the last 3 sessions.
...no acceptation above it and consequently... Now for continuation downside we need acceptation inside yesterday range.
Ubi maior minor cessat
  • #2,039
  • Dec 13, 2016 9:28am Dec 13, 2016 9:28am
16:28+1GMT Monthly breakeven 2673 tagged at the pip..
Ubi maior minor cessat
  • #2,040
  • Dec 13, 2016 9:30am Dec 13, 2016 9:30am
For now it's a liquidation with a test of the monthly breakeven: note the extreme elongation of B period with a lot of single pips. This does not mean it cannot continue. It means only it is a liquidation meaning old business versus new money selling.
Ubi maior minor cessat
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