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Lock's Cable Corner

  • #2,561
  • Jan 18, 2017 2:19am Jan 18, 2017 2:19am
Other important levels for current GB session are obviously: today Tokyo low at 23205, yesterday unchanged at 23175, the weekly GB balance low at 23117 and above yesterday close at 23825, yesterday GB high at 2346, new year GB high 2395, Tokyo high at 24015 and the composite poc at 2417. Note that we left numerous anomalies downside (minus developments) that could attract price.
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  • #2,562
  • Jan 18, 2017 2:23am Jan 18, 2017 2:23am
Quoting Lock
Other important levels for current GB session are obviously: today Tokyo low at 23205, yesterday unchanged at 23175, the weekly GB balance low at 23117 and above yesterday close at 23825, yesterday GB high at 2346, new year GB high 2395, Tokyo high at 24015 and the composite poc at 2417. Note that we left numerous anomalies downside (minus developments) that could attract price.
Note the day timeframes in control of this initial portion of the GB session as A period went down just 1 single pip above Tokyo low.
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  • #2,563
  • Jan 18, 2017 2:26am Jan 18, 2017 2:26am
Quoting Lock
Other important levels for current GB session are obviously: today Tokyo low at 23205, yesterday unchanged at 23175, the weekly GB balance low at 23117 and above yesterday close at 23825, yesterday GB high at 2346, new year GB high 2395, Tokyo high at 24015 and the composite poc at 2417. Note that we left numerous anomalies downside (minus developments) that could attract price.

I forgot the GB new year open at 2342: tagged right now. And also the last GB close of 2016 at 23355.
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  • #2,564
  • Jan 18, 2017 2:31am Jan 18, 2017 2:31am
Poor high and B low at half back. Remeber also A low at Tokyo low: full weak environment for now.
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  • #2,565
  • Jan 18, 2017 2:53am Jan 18, 2017 2:53am
For short term, the acceptation or rejection below or above yesterday GB unchange and Tokyo low is clearly very important.
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  • #2,566
  • Jan 18, 2017 2:54am Jan 18, 2017 2:54am
Quoting Lock
Other important levels for current GB session are obviously: today Tokyo low at 23205, yesterday unchanged at 23175, the weekly GB balance low at 23117 and above yesterday close at 23825, yesterday GB high at 2346, new year GB high 2395, Tokyo high at 24015 and the composite poc at 2417. Note that we left numerous anomalies downside (minus developments) that could attract price.
Tagged.
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  • #2,567
  • Jan 18, 2017 3:05am Jan 18, 2017 3:05am
Now we have a C high at Tokyo low 23204 and a poor high at 2342. Still weak hands trading. Watch out because we could have liquidation but also a rotational environment.
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  • #2,568
  • Jan 18, 2017 3:31am Jan 18, 2017 3:31am
C inside B.
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  • #2,569
  • Jan 18, 2017 7:20am Jan 18, 2017 7:20am
Quoting Lock
Now we have a C high at Tokyo low 23204 and a poor high at 2342. Still weak hands trading. Watch out because we could have liquidation but also a rotational environment.

Note that GB session balanced all time (rotational environment) and finally liquidate some. As expected. Now pre US opened below yesterday pit range low at 23495: let's see where pit US will open, below or above that reference. If below we will be out of balance from yesterday, if above we will be in balance. In the first case we will have a new gap downside overlapping a portion of the yesterday gap upside (then a 2 pas gap).
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  • #2,570
  • Jan 18, 2017 7:27am Jan 18, 2017 7:27am
Note also that we got weaknesses above and below as we have a today GB poor high at 23415 and the yesterday pit poor high at 24145 while we have yesterday GB poor low at 2113 and 16.01 GB poor low at 2018. It is a very indecisive market. So watch out.
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  • #2,571
  • Jan 18, 2017 7:41am Jan 18, 2017 7:41am
Finally note that overnight inventories are 100% short from yesterday pit unch at 24115.
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  • #2,572
  • Jan 18, 2017 9:57am Jan 18, 2017 9:57am
Quoting Lock
Note also that we got weaknesses above and below as we have a today GB poor high at 23415 and the yesterday pit poor high at 24145 while we have yesterday GB poor low at 2113 and 16.01 GB poor low at 2018. It is a very indecisive market. So watch out.
Taken out.

Quoting Lock
Finally note that overnight inventories are 100% short from yesterday pit unch at 24115.
preUS and pit US spent all their periods up to now in order to cover those inventories too short.
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  • #2,573
  • Jan 18, 2017 10:00am Jan 18, 2017 10:00am
Now watch out if price will not be able to be confirmed backinside yesterday pit range above 23496. Monitor for continuation. If not, all the way back downside. If acceptation, instead we could aim at yesterday pit poor high.
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  • #2,574
  • Jan 18, 2017 10:26am Jan 18, 2017 10:26am
Btw it's a very weak environment: C low at yes preUS open 23175 and D low at current half back 2321. And also note that C period left 1 single pip of unfilled gap above.
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  • #2,575
  • Jan 18, 2017 10:32am Jan 18, 2017 10:32am
Quoting Lock
{quote} Taken out. {quote} preUS and pit US spent all their periods up to now in order to cover those inventories too short.

Hi Lock,
I just wanted to winkle out something, I hope you don't mind.

I understand over night inventories are short from yesterdays pit unchanged at 24115 -- meaning from yesterdays pit close Sydney and Tokyo sessions are both short -- and I see that there's a gap down between todays US and US pit session and yesterdays.

I understand that US and US pit want to fill the gap and maybe finish of US pit high some time or other.

Q. But is there anything else about the "overnight inventories" being short that I'm missing?

Thanks.
  • #2,576
  • Jan 18, 2017 10:32am Jan 18, 2017 10:32am
Note D inside C.
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  • #2,577
  • Jan 18, 2017 10:38am Jan 18, 2017 10:38am
Quoting Zaak
{quote} Hi Lock, I just wanted to winkle out something, I hope you don't mind. I understand over night inventories are short from yesterdays pit unchanged at 24115 -- meaning from yesterdays pit close Sydney and Tokyo sessions are both short -- and I see that there's a gap down between todays US and US pit session and yesterdays. I understand that US and US pit want to fill the gap and maybe finish of US pit high some time or other. Q. But is there anything else about the "overnight inventories" being short that I'm missing? Thanks.
Overnight for US session is made by Sydeny+Tokyo+GB. ANd actually we should consider overnight specially for pit session, in which case we have overnight = Sydeny+Tokyo+GB+preUS. Generally (65% of the times) overnight is retraced iif too short or too long. (meaning alsmost 100% short or long from previous pit unchanged). Sometimes, specially during trends, the excess made by the overnight (the gap upside or downside) could be a signal that something is changed and US pit might accept this change going in the direction of the new gap. So it is a conflicting information sometimes. You have to evaluate how pit sessions is trying to fill the gap (how fast): if you see that pit session is not able to fill the gap quickly, the rule is to go in the directoin of the new gap (consequently in the direction of the overnight action)
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  • #2,578
  • Jan 18, 2017 10:39am Jan 18, 2017 10:39am
Quoting Lock
Btw it's a very weak environment: C low at yes preUS open 23175 and D low at current half back 2321. And also note that C period left 1 single pip of unfilled gap above.
both taken out.

If there is no continuation downside, back upwards.
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  • #2,579
  • Jan 18, 2017 10:43am Jan 18, 2017 10:43am
Quoting Lock
{quote} Overnight for US session is made by Sydeny+Tokyo+GB. ANd actually we should consider overnight specially for pit session, in which case we have overnight = Sydeny+Tokyo+GB+preUS. Generally (65% of the times) overnight is retraced iif too short or too long. (meaning alsmost 100% short or long from previous pit unchanged). Sometimes, specially during trends, the excess made by the overnight (the gap upside or downside) could be a signal that something is changed and US pit might accept this change going in the direction of the new gap. So...

it is very important to understand if we have inventories imbalances made by overnight because sometimes after the corretion of it, the pit session tends to go in the opposite direction. So: overnight inventories too long or too short> correction made by early pit session action> then opposite direction. Old business first, then new business.
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  • #2,580
  • Jan 18, 2017 10:51am Jan 18, 2017 10:51am
Quoting Lock
{quote} Overnight for US session is made by Sydeny+Tokyo+GB. ANd actually we should consider overnight specially for pit session, in which case we have overnight = Sydeny+Tokyo+GB+preUS. Generally (65% of the times) overnight is retraced iif too short or too long. (meaning alsmost 100% short or long from previous pit unchanged). Sometimes, specially during trends, the excess made by the overnight (the gap upside or downside) could be a signal that something is changed and US pit might accept this change going in the direction of the new gap. So...
okay, thanks.
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