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Lock's Cable Corner

  • #2,681
  • Edited 7:29am Jan 23, 2017 7:13am | Edited 7:29am
Indeed nicely balanced for now.

waiting where the us PIT-session is starting (inside/outside range, inside value of last Friday US-pit-session) From there we can look further I believe.

Can we also say something meaningfull on the current situation?
What are important levels?
last low GB-session: 1.2424
...??

last weak high still stands at 1.2472
You can manage risk, but you can't manage the return
  • #2,682
  • Jan 23, 2017 7:35am Jan 23, 2017 7:35am
Quoting HappyMe
Indeed nicely balanced for now. waiting where the us PIT-session is starting (inside/outside range, inside value of last Friday US-pit-session) From there we can look further I believe. Can we also say something meaningfull on the current situation? What are important levels? last low GB-session: 1.2424 ...?? last weak high still stands at 1.2472
yes nicely balanced waiting for a break @ 2471 if the market can be moved to imbalance
  • #2,683
  • Jan 23, 2017 7:42am Jan 23, 2017 7:42am
Quoting adetola99
{quote} yes nicely balanced waiting for a break @ 2471 if the market can be moved to imbalance
Well that's the question...waiting for a break @2471..... ? or firstly testing below before break....? I don't know....
For now price bounced at halfback of last GB-session.

Who is in control now...? I think the short-term time-frames for now
You can manage risk, but you can't manage the return
  • #2,684
  • Jan 23, 2017 8:39am Jan 23, 2017 8:39am
oke....as expected us-pit session opens outside the us-pit range of Friday...... again a gap....

Same situation as this morning....
Market is out of Balance... So in basic we have two scenarios... 1) acceptance or 2) rejection...

now waiting for session A and B before we can say anything?!
What are you thinking about this situation....?!
You can manage risk, but you can't manage the return
  • #2,685
  • Edited 9:16am Jan 23, 2017 8:52am | Edited 9:16am
Top down analysis.

Monthly, we are still in a long term down trend.

Weekly, still in a medium term down trend but with a pull back last week, I think.

Daily, short term trend retrace up for now, I think.

There is a higher CPOC around 24626. a half back of the entire short term move upwards and lower CPOC at 23658. If price is accepted above 24626 I guess the upward move will continue. If not maybe it will head lower close the gaps between each session and fix the poor highs and lows which will at some time may be revisited.

After fridays session and the overnight session I think inventories are long now and it may want to correct this. Currently the market is in balance.
  • #2,686
  • Jan 23, 2017 9:04am Jan 23, 2017 9:04am
That's a break I believe if holding then.....?!

Does anybody have references above....1.2470?
You can manage risk, but you can't manage the return
  • #2,687
  • Jan 23, 2017 9:19am Jan 23, 2017 9:19am
Quoting HappyMe
That's a break I believe if holding then.....?! Does anybody have references above....1.2470?
nothing notable
  • #2,688
  • Jan 23, 2017 9:21am Jan 23, 2017 9:21am
Quoting HappyMe
{quote} Well that's the question...waiting for a break @2471..... ? or firstly testing below before break....? I don't know.... For now price bounced at halfback of last GB-session. Who is in control now...? I think the short-term time-frames for now
yes we have a normal day the short term time frame in control for now
  • #2,689
  • Jan 23, 2017 9:23am Jan 23, 2017 9:23am
waiting for the break @ 2471 but i guess the longtime traders are on the sideline
  • #2,690
  • Jan 23, 2017 9:40am Jan 23, 2017 9:40am
periode c was holding the 1.2462 (halfback and must now overcome the 1.2479 for continuation upside.... if not we can expect a move towards other side of the current balance....1.2456

1.2479 is tagged at the moment...

(ps. I really hope I do this correct now..... Today I miss lock )

edit: 1.2479 is broken now.........I still have no reference above here....
You can manage risk, but you can't manage the return
  • #2,691
  • Jan 23, 2017 9:49am Jan 23, 2017 9:49am
Hello everyone,
if this break is good we have a triple pass pit gap upside at 25253-25293 to fill.
Ubi maior minor cessat
  • #2,692
  • Jan 23, 2017 9:53am Jan 23, 2017 9:53am
Also we have an old GB poor high at 2499. And we are in one timeframing higher from preUS C period.
Ubi maior minor cessat
  • #2,693
  • Jan 23, 2017 9:56am Jan 23, 2017 9:56am
Also note, and this is very important, we have 3 pit session in a row in onetimeframing higher for now. We are also very close to the top (previous old breakeven in the upper bracket) of the weekly (week 20.11.2016) balance at 25122. This level, if reached, could be significant, as it has been all the time we went aorund it. So watch out there.
Ubi maior minor cessat
  • #2,694
  • Jan 23, 2017 10:00am Jan 23, 2017 10:00am
We left downside a huge amount of weaknesses like poor lows of multiple sessions, anomalies, etc. So in any case consider that we are following for now a short term auction leaded by short term traders and daily timeframes. (short term: from 2/3 days to generally max 10 days holding a position)
Ubi maior minor cessat
  • #2,695
  • Jan 23, 2017 10:03am Jan 23, 2017 10:03am
For a meaningfull continuation we should have C currently clean space at least partially preserved, in order to have a double distribution trend day. Start to worry about continuation if it will be filled completely. Note the poor high and remember its possible "double value": no more buyers or at the opposite, auction incompleted.
Ubi maior minor cessat
  • #2,696
  • Jan 23, 2017 10:05am Jan 23, 2017 10:05am
Note D low 1 single pip above early morning B period high: carry this info forword.
Ubi maior minor cessat
  • #2,697
  • Jan 23, 2017 10:05am Jan 23, 2017 10:05am
Hi Lock,

Thanks for the "Likes". It seems it makes sense what I did mumble today
You can manage risk, but you can't manage the return
  • #2,698
  • Jan 23, 2017 10:07am Jan 23, 2017 10:07am
Quoting Lock
Note D low 1 single pip above early morning B period high: carry this info forword.
Taken out immediately. And no more double distribution.
Ubi maior minor cessat
  • #2,699
  • Jan 23, 2017 10:09am Jan 23, 2017 10:09am
Quoting HappyMe
Hi Lock, Thanks for the "Likes". It seems it makes sense what I mumble today
I appreciate the fact that you all made a clear progress in the analysis. Well done.
Ubi maior minor cessat
  • #2,700
  • Jan 23, 2017 10:10am Jan 23, 2017 10:10am
We are still in one timeframing higher mode from start.
Ubi maior minor cessat
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