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Lock's Cable Corner

  • #2,301
  • Jan 5, 2017 6:58am Jan 5, 2017 6:58am
PreUS is going to open inside yesterday pit session range. Currently we have a cluster poor high for GB session at 23245, weak H J periods' lows at round 2300, weak F G periods' lows at yesterday GB session high 22897.

What about your expectations when a market opens in balance?
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  • #2,302
  • Jan 5, 2017 7:08am Jan 5, 2017 7:08am
Hi Lock,

I wanted work through the Long-Term Auction Chart. So that I get a better feelling about Responsive and Initiative selling/buying.

But I don't see how we can put the different daily sessions into the chart?
Hope you can bring light ...ones again....
You can manage risk, but you can't manage the return
  • #2,303
  • Jan 5, 2017 7:38am Jan 5, 2017 7:38am
Quoting Lock
PreUS is going to open inside yesterday pit session range. Currently we have a cluster poor high for GB session at 23245, weak H J periods' lows at round 2300, weak F G periods' lows at yesterday GB session high 22897. What about your expectations when a market opens in balance?
depends on the IB, if it's wide, rotation. if it's narrow wait for a possible breakout. watch for open reject trend. look for where it might want to revisit currently a poor high on Tokyo and there's a poor low from the the pit session two days ago.
  • #2,304
  • Jan 5, 2017 7:50am Jan 5, 2017 7:50am
Quoting Zaak
{quote} depends on the IB, if it's wide, rotation. if it's narrow wait for a possible breakout. watch for open reject trend. look for where it might want to revisit currently a poor high on Tokyo and there's a poor low from the the pit session two days ago.
I'll post a commentary on this later on, maybe this evening.
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  • #2,305
  • Jan 5, 2017 7:51am Jan 5, 2017 7:51am
Quoting HappyMe
Hi Lock, I wanted work through the Long-Term Auction Chart. So that I get a better feelling about Responsive and Initiative selling/buying. But I don't see how we can put the different daily sessions into the chart? Hope you can bring light ...ones again....
I'll post some tool for this.
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  • #2,306
  • Jan 5, 2017 7:55am Jan 5, 2017 7:55am
Quoting Lock
{quote} I'll post a commentary on this later on, maybe this evening.
thanks! I'm going to add that it's about done up there the uk sesh did what was needing done, it filled in the gap. it's just hit the low and close of the Tokyo sesh and may be done up there for now. we'll see soon enough if it's accepted or not
  • #2,307
  • Jan 5, 2017 7:55am Jan 5, 2017 7:55am
Quoting Lock
PreUS is going to open inside yesterday pit session range. Currently we have a cluster poor high for GB session at 23245, weak H J periods' lows at round 2300, weak F G periods' lows at yesterday GB session high 22897. What about your expectations when a market opens in balance?
Now it's clean below. Latest weaknesses left by GB taken out. Still unsolved the GB poor high. We are inside yesterday pit range, so we are in balance. When in balance your expectations should not be great, at least initially. We are watching very short term oriented traders ruling current session. Shortest timeframes use exact and very visible references. Note preUS B period low at yesterday preUS open, exactly.
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  • #2,308
  • Jan 5, 2017 7:59am Jan 5, 2017 7:59am
Quoting Lock
{quote} Now it's clean below. Latest weaknesses left by GB taken out. Still unsolved the GB poor high. We are inside yesterday pit range, so we are in balance. When in balance your expectations should not be great, at least initially. We are watching very short term oriented traders ruling current session. Shortest timeframes use exact and very visible references. Note preUS B period low at yesterday preUS open, exactly.
...taken out. Do you understand this game? They took out the weaknesses below and then they took out the weak GB high above.
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  • #2,309
  • Jan 5, 2017 8:04am Jan 5, 2017 8:04am
BTW the example I made before fit perfectly with what we have just seen:

Quoting Lock
{quote} Smart question....For instance: who is dominating current GB session? Strong participants or very narrow term weaker hands? Considering the exactness of the references used during current GB session, we are pretty sure that this GB session is dominated by weak hands. So what if at US open we will see strong US participants entering the market?
Quoting Lock
What about current references above and below? Probably in this particular case we will see stronger US hands punish the currently weaker hands ruling this session. Obviously this is only a possible example.
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  • #2,310
  • Jan 5, 2017 8:16am Jan 5, 2017 8:16am
Quoting Lock
BTW the example I made before fit perfectly with what we have just seen: {quote} {quote}
there must (I guess) have been a lot of shorts at the end of the uk sesh and looked like they were right with pit A print all weak hands - then B entered (was waiting?) took them all out.
  • #2,311
  • Jan 5, 2017 8:28am Jan 5, 2017 8:28am
Quoting Lock
{quote} I'll post some tool for this.
Did you mean you already did post some tools for this...? Then you mean the TPO-Chart indicator?
You can manage risk, but you can't manage the return
  • #2,312
  • Jan 5, 2017 8:30am Jan 5, 2017 8:30am
Pit US is going to open inside yesterday pit range too.
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  • #2,313
  • Jan 5, 2017 8:31am Jan 5, 2017 8:31am
Quoting HappyMe
{quote} Did you mean you already did post some tools for this...? Then you mean the TPO-Chart indicator?

No, a tool to show the different sessions' ranges on bigger timeframes like daily. I'll post it but it is not so perfect technically.
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  • #2,314
  • Jan 5, 2017 8:37am Jan 5, 2017 8:37am
Quoting Lock
Pit US is going to open inside yesterday pit range too.
almost exactly on the half back/ POC. poor T high and poor pit low
  • #2,315
  • Jan 5, 2017 8:40am Jan 5, 2017 8:40am
Quoting Zaak
{quote} almost exactly on the half back/ POC. poor T high and poor pit low
What do you mean with "T high and pit poor low"? What are you referring to?
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  • #2,316
  • Jan 5, 2017 8:45am Jan 5, 2017 8:45am
Note that 23013 is the pit daily bracket low from 16.11.18: it is a very important ref for pit session. It means that right now the current pit session is inside the upper daily pit range from 16.11.03.
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  • #2,317
  • Jan 5, 2017 9:06am Jan 5, 2017 9:06am
16:06+1GMT
For now we are still inside yes pit range but, in case of attempt above or below yes pit range, note that above the first visible ref is the old poor high at 23904. Below we have instead two composite pocs (you know where) and a very far poor low at 21987.

Above 23904 we have an other poor high at 24268 and then the big higher composite poc at 2431.

I repeat it: for now we are still inside yesterday pit session, so there is also the possibility to remain inside balance.
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  • #2,318
  • Jan 5, 2017 9:14am Jan 5, 2017 9:14am
23434 is the 2016 pit close.
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  • #2,319
  • Jan 5, 2017 9:20am Jan 5, 2017 9:20am
Note that current high for 2017 has been made by Tokyo: so it is not a particularly good high (23623).
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  • #2,320
  • Jan 5, 2017 9:24am Jan 5, 2017 9:24am
Quoting Lock
23434 is the 2016 pit close.

For any meaningfull continuation upside we need absolutely acceptation above this level. If not...
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