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Lock's Cable Corner

  • #2,741
  • Jan 24, 2017 3:11am Jan 24, 2017 3:11am
Remember that 24437 is the high of the first daily bracket after the fall of 07.10.2016. So it is a fundamental go/no go level. (and in fact yesterday pit session low tagged it exactly)
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  • #2,742
  • Jan 24, 2017 3:34am Jan 24, 2017 3:34am
We have had 2 back to back poor lows: today and yesterday. Note anyway the 4 anomalies left above: carry this info forward. And we also have acceptation inside yesterday GB range.(edit)
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  • #2,743
  • Jan 24, 2017 3:37am Jan 24, 2017 3:37am
Consider that current H period took out the low ot the "news" period D. We need acceptation below it for any meaningfull continuation downside.
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  • #2,744
  • Jan 24, 2017 4:31am Jan 24, 2017 4:31am
Again: I inside H.
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  • #2,745
  • Jan 24, 2017 5:03am Jan 24, 2017 5:03am
Quoting Lock
Again: I inside H.
From this break derived the last GB spike of J period that took out, eventually, yesterday GB poor low.
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  • #2,746
  • Jan 24, 2017 5:04am Jan 24, 2017 5:04am
Now, preUS opened below yesterday pit low and we have now to evaluate if it will retrace back inside yes pit range or if it will be able to build a new pit gap downside, eventually trying to continue this liquidation.
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  • #2,747
  • Jan 24, 2017 5:10am Jan 24, 2017 5:10am
Remember the two most important pit references for today: yesterday afternoon pull back low at 24645 and the spike base at 2496. Overnight inventories for now are almost 100% short from yesterday unch at 2533.
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  • #2,748
  • Jan 24, 2017 5:16am Jan 24, 2017 5:16am
Yesterday pit open 2450 tagged.
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  • #2,749
  • Jan 24, 2017 5:33am Jan 24, 2017 5:33am
Quoting Lock
Remember the two most important pit references for today: yesterday afternoon pull back low at 24645 and the spike base at 2496. Overnight inventories for now are almost 100% short from yesterday unch at 2533.
And here we are at the yes pull back low. Now let's see if we get acceptation above it or not.
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  • #2,750
  • Jan 24, 2017 6:27am Jan 24, 2017 6:27am
Note price glued to yesterday afternoon pull back low at 24645.
Note also that Pit US is going to open below yesterday spike base at 2496 and inside yesterday pit range.
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  • #2,751
  • Jan 24, 2017 6:29am Jan 24, 2017 6:29am
Finally note preUS C period inside B.
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  • #2,752
  • Jan 24, 2017 6:32am Jan 24, 2017 6:32am
Quoting Lock
Note price glued to yesterday afternoon pull back low at 24645. Note also that Pit US is going to open below yesterday spike base at 2496 and inside yesterday pit range.
Pit US opened exactly at this level and as any exact reference, it is suspect. Carry this information forward.
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  • #2,753
  • Jan 24, 2017 6:36am Jan 24, 2017 6:36am
By the way this morning I wrote:

Quoting Lock
17/01/24 TUESDAY 08:53 +GMT EARLY MORNING REPORT ... For upcoming pit session, the most important references will be the afternoon pull back low at 24645 and the spike base at 2496.
You obviously can understand that there is nothing magic in this announcement but only a comprehension of market generated information.
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  • #2,754
  • Jan 24, 2017 6:47am Jan 24, 2017 6:47am
Quoting Lock
By the way this morning I wrote: {quote} You obviously can understand that there is nothing magic in this announcement but only a comprehension of market generated information.

Ohhh gush..... I have to learn so much... There are so many reference points. I can't order this in the right sense at the moment.....

Time, fascinating and dedication will do the job over time......I hope.
You can manage risk, but you can't manage the return
  • #2,755
  • Jan 24, 2017 6:48am Jan 24, 2017 6:48am
Remember that a spike base* is a daily/short term reference. So if it will work as resistance you'll know immediately who is selling there. If instead it will not resist or if it will be never reached you could imagine the presence of something more (from downside if it will not resist, meaning stronger buyers, from upside, if instead it will be not reached or rejected from above it, meaning stronger sellers)

*clearly I'm speaking about yesterday spike base at 2496
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  • #2,756
  • Jan 24, 2017 6:51am Jan 24, 2017 6:51am
Quoting HappyMe
{quote} Ohhh gush..... I have to learn so much... There are so many reference points. I can't order this in the right sense at the moment..... Time, fascinating and dedication will do the job over time......I hope.
It will, if you insist. I spent years to achieve it, partially.
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  • #2,757
  • Jan 24, 2017 7:03am Jan 24, 2017 7:03am
Quoting Lock
Remember that a spike base* is a daily/short term reference. So if it will work as resistance you'll know immediately who is selling there. If instead it will not resist or if it will be never reached you could imagine the presence of something more (from downside if it will not resist, meaning stronger buyers, from upside, if instead it will be not reached or rejected from above it, meaning stronger sellers) *clearly I'm speaking about yesterday spike base at 2496
Tagged
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  • #2,758
  • Jan 24, 2017 7:27am Jan 24, 2017 7:27am
Quoting Lock
Note price glued to yesterday afternoon pull back low at 24645. Note also that Pit US is going to open below yesterday spike base at 2496 and inside yesterday pit range.
Quoting Lock
{quote}Pit US opened exactly at this level and as any exact reference, it is suspect. Carry this information forward.
And here we are again: what a surprise!
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  • #2,759
  • Jan 24, 2017 7:30am Jan 24, 2017 7:30am
As you see pit price action is perfectly contained between our two most important refs: 24645 and 2496. It's clear that this is a too narrow and too weak range to remain intact till the end of the session... Well, at least it will be a very rare event.
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  • #2,760
  • Jan 24, 2017 7:54am Jan 24, 2017 7:54am
Quoting Lock
{quote} {quote} And here we are again: what a surprise!
So C took out the weak 26645 and was not able to stay below early morning low. Now we are at the opposite side of our narrow range again. And we know that it is not a so strong ref. too. Let's see if it will need more balance before to eventually make some test outside range.
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