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Lock's Cable Corner

  • #2,161
  • Dec 19, 2016 6:47am Dec 19, 2016 6:47am
weak low tagging friday pit session low
Ubi maior minor cessat
  • #2,162
  • Dec 19, 2016 6:49am Dec 19, 2016 6:49am
Weak low again tagging round 2400: let's see if preUS will open with a gap downside or not.
Ubi maior minor cessat
  • #2,163
  • Dec 19, 2016 6:50am Dec 19, 2016 6:50am
Price is very close to the major trend line upside.
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  • #2,164
  • Dec 19, 2016 6:52am Dec 19, 2016 6:52am
13:52+1GMT
GB very elongated profile with already 4 anomalies and 3 minus developments plus a poor/weak high at round 2500: carry these information forward.
Ubi maior minor cessat
  • #2,165
  • Dec 19, 2016 6:56am Dec 19, 2016 6:56am
Quoting Lock
16/12/19 MONDAY 08:27+1GMT (edited untill 08:41) EARLY MORNING REPORT .... the lowest close for December is at 23887, ....
Lowest close of GB for December tagged at the pip.
Ubi maior minor cessat
  • #2,166
  • Dec 19, 2016 7:13am Dec 19, 2016 7:13am
14:13+1GMT
Currently preUS opened below Friday pit session range low (gap lower for now): if preserved untill pit open we could have continuation downside (if not retraced quickly)
Watch out here. Just for recap: if continuation downside we have the pit lowest low of dec at 23754 the weekly pit balance low at 23623 and the lowest pit close for dec at 24158 (it's above here)

PS: currently price is below the major trend line upside.
Ubi maior minor cessat
  • #2,167
  • Dec 19, 2016 7:22am Dec 19, 2016 7:22am
As written this morning Friday was inside Thursday: so currently we are watching an attempted breakout below Friday balance (we are below Friday Tokyo low) So watch out, as said: if acceptation below it we could continue with the break, if rejected all the way upside to the top of Friday range.
Ubi maior minor cessat
  • #2,168
  • Dec 19, 2016 7:32am Dec 19, 2016 7:32am
Quoting Lock
14:13+1GMT Currently preUS opened below Friday pit session range low (gap lower for now): if preserved untill pit open we could have continuation downside (if not retraced quickly) Watch out here. Just for recap: if continuation downside we have the pit lowest low of dec at 23754 the weekly pit balance low at 23623 and the lowest pit close for dec at 24158 (it's above here) PS: currently price is below the major trend line upside.
The pit weekly balance low, major natural weekly target reached.

Now we have "only" the GB weekly balance low at 23117. It could be a valid target at least untill 18:00+1GMT (GB close):
But watch out because we left ugly structure above for now and we've seen no correction at all. Price is in one timeframing lower from C/D periods high of this morning.
Ubi maior minor cessat
  • #2,169
  • Dec 19, 2016 7:49am Dec 19, 2016 7:49am
14:49+1GMT
23538 Is the high (11.02 pit high) of the initial pit daily bracket after 10.07 broke. So it is a GO/NO GO level for upcoming pit session. Remember that if reached. And note that it is just below the major volume valley of 2356.
Ubi maior minor cessat
  • #2,170
  • Dec 19, 2016 9:18am Dec 19, 2016 9:18am
16:18+1GMT
Pit weekly balance low tagged. New pit gap downside preserved for now. Pre US poor high currently "protected" by the new gap.
Ubi maior minor cessat
  • #2,171
  • Dec 19, 2016 9:26am Dec 19, 2016 9:26am
Huge indecision and dangerous location.
Ubi maior minor cessat
  • #2,172
  • Dec 19, 2016 9:31am Dec 19, 2016 9:31am
No acceptation below Thursday low nor above it for now. C high at open.
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  • #2,173
  • Dec 19, 2016 9:47am Dec 19, 2016 9:47am
Quoting Lock
14:49+1GMT 23538 Is the high (11.02 pit high) of the initial pit daily bracket after 10.07 broke. So it is a GO/NO GO level for upcoming pit session. Remember that if reached. And note that it is just below the major volume valley of 2356.
TAGGED at the pip. (btw it was preUS high of 11.02 and not pit high: sorry for the mistake, but the meaning it's the same)
Ubi maior minor cessat
  • #2,174
  • Dec 19, 2016 9:58am Dec 19, 2016 9:58am
Quoting Lock
No acceptation below Thursday low nor above it for now. C high at open.
Taken out...
Ubi maior minor cessat
  • #2,175
  • Dec 19, 2016 10:13am Dec 19, 2016 10:13am
Quoting Lock
14:49+1GMT 23538 Is the high (11.02 pit high) of the initial pit daily bracket after 10.07 broke. So it is a GO/NO GO level for upcoming pit session. Remember that if reached. And note that it is just below the major volume valley of 2356.
Hi Lock, I think what you are saying is that this is IB high of the US Pit on the Daily timeframe, is that right? Can you explain what is and how to calculate the level. Thanks. Zaak
  • #2,176
  • Dec 19, 2016 10:28am Dec 19, 2016 10:28am
Quoting Lock
14:13+1GMT Currently preUS opened below Friday pit session range low (gap lower for now): if preserved untill pit open we could have continuation downside (if not retraced quickly) Watch out here. Just for recap: if continuation downside we have the pit lowest low of dec at 23754 the weekly pit balance low at 23623 and the lowest pit close for dec at 24158 (it's above here) PS: currently price is below the major trend line upside.
...and after the failure below the pit weekly balance low at 23623, here we are at the lowest pit close for december at 24158.
Ubi maior minor cessat
  • #2,177
  • Dec 19, 2016 10:32am Dec 19, 2016 10:32am
Quoting Zaak
{quote} Hi Lock, I think what you are saying is that this is IB high of the US Pit on the Daily timeframe, is that right? Can you explain what is and how to calculate the level. Thanks. Zaak
Well, when we was in the initial* daily bracket (meaning the bracket from 10..11 to 11.02), the highest level for US was 23538: consequently it is the most important reference of that bracket (for US sessions). If price was accepted below that lavel we could aim at the opposite side of the entire daily bracket, if rejected instead here we are back inside the last minor pit bracket started with last Thursday. That's all about this ref.
It was very important because an acceptation below it could lead to a major action downside.
Best L.

* I wrote "initial" because it happened to be the first bracket after the broke of 10.07. This is the reason why I called it "initial". After it we had other 2 main daily brackets.
Ubi maior minor cessat
  • #2,178
  • Dec 19, 2016 10:35am Dec 19, 2016 10:35am
As you see the weak action is currently attracted by the nearest major composite poc at 2429, as written multiple times from this early morning.
Ubi maior minor cessat
  • #2,179
  • Dec 19, 2016 10:46am Dec 19, 2016 10:46am
About 23538 let me add a thing here: as JD used to say "markets are very visual". Anyone can see that level so it is easy for everyone to opt for a particular decision at it. For instance placing automatic orders or stops. That's the reason why it worked so well. And it happens all the time, it's not a strange thing at all nor anything "magical"
Ubi maior minor cessat
  • #2,180
  • Dec 19, 2016 11:03am Dec 19, 2016 11:03am
Quoting Lock
{quote} Well, when we was in the initial* daily bracket (meaning the bracket from 10..11 to 11.02), the highest level for US was 23538: consequently it is the most important reference of that bracket (for US sessions). If price was accepted below that lavel we could aim at the opposite side of the entire daily bracket, if rejected instead here we are back inside the last minor pit bracket started with last Thursday. That's all about this ref. It was very important because an acceptation below it could lead to a major action downside. Best L. * I...

yes I see, like pivot points, I was confused a wee bit there (narrow vision). thanks for making clear.
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