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Attachments: Lock's Cable Corner
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Lock's Cable Corner

  • #2,721
  • Jan 23, 2017 12:54pm Jan 23, 2017 12:54pm
I suggest to take in great consideration the current location of the point of control. If this market is able to lift it during the following periods, we could have some test above. If instead it will remain where it currently is, any attempt above will be probably quickly retraced. (back to the current poc)

Btw I'm substantially flat right now. Only a childish long at the base of the little balance, with stops right below it inside le lower portion of G period.
Ubi maior minor cessat
  • #2,722
  • Jan 23, 2017 1:16pm Jan 23, 2017 1:16pm
Again: note period I inside H. Balance rules apply here.
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  • #2,723
  • Jan 24, 2017 12:35am Jan 24, 2017 12:35am
My first post yesterday afternoon (+1GMT):

Quoting Lock
Hello everyone, if this break is good we have a triple pass pit gap upside at 25253-25293 to fill.
My second post:

Quoting Lock
Also we have an old GB poor high at 2499. And we are in one timeframing higher from preUS C period.
My third post:

Quoting Lock
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.
My last posts:

Quoting Lock
{quote} Yes it is. But this is only one data point. ....Now, we do not have completion above clearly, even if we have huge weaknesses left below, current (weak) momentum is supported by the new gap upside that looks far too big to retrace during this session, specially at this time in the day. I think that the possibilities with more odds are 2: remain in balance or continue the weak momentum upside. Obviously I'm speaking about odds....
It remained in balance, made a test downside to re-adjust inventories too long, then broke above.

Quoting Lock
I suggest to take in great consideration the current location of the point of control. If this market is able to lift it during the following periods, we could have some test above. ....
The POC migrated upside at K period open.

Quoting Lock
Again: note period I inside H. Balance rules apply here.
And here is what eventually happened during last part of pit session:
K period broke above I inside period and the final test upside occurred. Reaching exactly the most visible reference above, underlined in the first post. Removing also the old GB poor high at 2499 during the rally.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.jpeg Size: 608 KB


Also note the one time framing higher from G low (afternoon pull back low test):

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.jpeg Size: 144 KB
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  • #2,724
  • Jan 24, 2017 1:18am Jan 24, 2017 1:18am
Good morning Lock, I notice previous sessions with split TPO's on your chart. is it possible to do this with the indicator provided here ay-TPOChart-Sesion. v1 LOCK or is something else required ?
  • #2,725
  • Jan 24, 2017 1:31am Jan 24, 2017 1:31am
Quoting Zaak
Good morning Lock, I notice previous sessions with split TPO's on your chart. is it possible to do this with the indicator provided here ay-TPOChart-Sesion. v1 LOCK or is something else required ?
Good morning Zaak, simply set SplitProfileNumSes to 5 to have all the sessions'TPOs splitted. Set "0" if you want only the current one splitted.

Last version of the TPO tool is included in the zip posted here, if you haven't it already. Anyway it can split from the early versions.
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  • #2,726
  • Jan 24, 2017 1:48am Jan 24, 2017 1:48am
Quoting Lock
{quote} Good morning Zaak, simply set SplitProfileNumSes to 5 to have all the sessions'TPOs splitted. Set "0" if you want only the current one splitted. Last version of the TPO tool is included in the zip posted here, if you haven't it already. Anyway it can split from the early versions.

got it thank you.
  • #2,727
  • Jan 24, 2017 1:53am Jan 24, 2017 1:53am
17/01/24 TUESDAY 08:53 +GMT
EARLY MORNING REPORT

We are in a monthly balance (back in November 2016 inside month), in a weekly balance (weekly major bracket from week 10.09.16) and in a short term daily uptrend, (lasting from 16.01). Price is in one timeframing higher daily.
We left downside numerous anomalies and weak/poor references and current action is supported by the last 2 consecutive gap zones made by both GB and pit sessions.
Tonight Tokyo session left a very weak poor high, tagging also a Sydney poor high, and substantially it liquidated all the weak forcing action made by yesterday pit session.
Price is exctly at the nearest major composite poc 2478 that is attracting it. And we are slightly above yesterday GB narrow range high (2424-24694)

If we remain around here untill GB open we will have a further (little) GB gap upside. Then we got 3 possibilities here:

  1. preserve this possible new gap upside and continue higher to take out the currently weak Tokyo poor high at 2544.
  2. fill immediately the new gap and continue the liquidation started by Tokyo overnight.
  3. fill immediately the new gap and retrace the Tokyo liquidation just after that filling.

Obviously these possibilities will be in place only if we will get a new GB gap upside. Balance around current compposite poc, at least initially, is not excluded.

For upcoming pit session, the most important references will be the afternoon pull back low at 24645 and the spike base at 2496.

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  • #2,728
  • Jan 24, 2017 2:01am Jan 24, 2017 2:01am
No gap, we opened at the top of yesterday GB range that became our most important reference for current GB session (24694).
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  • #2,729
  • Jan 24, 2017 2:11am Jan 24, 2017 2:11am
24845 is the yesterday GB close price and also the highest GB close for current year.
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  • #2,730
  • Jan 24, 2017 2:13am Jan 24, 2017 2:13am
B period will be the last for Tokyo participants, so note that yesterday Tokyo close and also the current highest Tokyo close for new year is far downside at 24245.
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  • #2,731
  • Jan 24, 2017 2:14am Jan 24, 2017 2:14am
Quoting Lock
24845 is the yesterday GB close price and also the highest GB close for current year.
Tagged at the pip, for any meaningfull continuation upside we need acceptation above it. If not...
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  • #2,732
  • Jan 24, 2017 2:21am Jan 24, 2017 2:21am
Remember that we have a very important news (EU Membership Court Ruling) at 10:30 +1GMT. It could be a major exogenous event for current session.
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  • #2,733
  • Jan 24, 2017 2:25am Jan 24, 2017 2:25am
Quoting Lock
Remember that we have a very important news (EU Membership Court Ruling) at 10:30 +1GMT. It could be a major exogenous event for current session.
All the action upside from 2260 is extraordinary weak: so consider this fact plus the upcoming news as a potential spot in order to remove weak participants from market. It has not to be but it could be.
The potential shakeout, if any, could lead to a correction of both the weaknesses left above up to tonight poor Tokyo high 2544 and below down to 2260.
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  • #2,734
  • Jan 24, 2017 2:34am Jan 24, 2017 2:34am
Note B low exactly at half back and composite poc. Weak hands ruling obviously.
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  • #2,735
  • Jan 24, 2017 2:35am Jan 24, 2017 2:35am
I'm off for a while.
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  • #2,736
  • Jan 24, 2017 3:53am Jan 24, 2017 3:53am
price looks rejected at the low and is now back to value..... then opposite of balance at least is the next logical step....?
You can manage risk, but you can't manage the return
  • #2,737
  • Jan 24, 2017 4:22am Jan 24, 2017 4:22am
Quoting HappyMe
price looks rejected at the low and is now back to value..... then opposite of balance at least is the next logical step....?
I'm not sure what it will do. it took out an old GB PH at 2500 that was to the upside and as far as I'm aware there's nothing else up there to fix but there is still a stack of gaps and PH's lower. E inside D and looking like a normal day a little extended at both ends. May well rotate or go after what's downside most likely possibilities in my opinion.
  • #2,738
  • Jan 24, 2017 4:26am Jan 24, 2017 4:26am
D shakeout didn't solve anything at all. It removed some above and some below, but substantially all the major weaknesses in both directions are still in place. Composite poc attracting price as normal for now. We got no acceptation back inside yes GB range (no periods closed inside it). At the same time D buying tails looks too extended.

Note also that we got no acceptation above the always important ref 25122 underlined yesterday.
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  • #2,739
  • Jan 24, 2017 4:40am Jan 24, 2017 4:40am
Note E inside D.
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  • #2,740
  • Jan 24, 2017 5:00am Jan 24, 2017 5:00am
Quoting Lock
Note E inside D.
Attempted break from E inside period. Now we need acceptation below Tokyo and inside yes GB range. If not, all the way back with direction the top of E. Note that this break removed most of the too extended buying tail.
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