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Lock's Cable Corner

  • #2,901
  • Jan 30, 2017 12:25am Jan 30, 2017 12:25am
Quoting Lock
Note that we are in the last 2 periods for Tokyo and Friday Tokyo close is at 25425, just 2 pips below current GB period A. Also current A low is exactly at Friday GB session half back and pit unch.
Tagged.
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  • #2,902
  • Jan 30, 2017 12:46am Jan 30, 2017 12:46am
Quoting Lock
17/01/30 MONDAY 08:55+1GMT EARLY MORNING REPORT ..... Still we have a new poor low left by Friday pit session at 25225 (and also 5 anomalies of its profile) but we got 3 back to back poor highs for the last 3 pit sessions (25795, 2612 and 2638). So overall the weakesses above are clearly more attractive of those downside. ....
The 5 pit session anomoalies left by pit Friday are now all, at least partially, corrected by current GB action.
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  • #2,903
  • Jan 30, 2017 1:01am Jan 30, 2017 1:01am
First test of Friday GB low and of the important 25122 level: note B period elongation and its single pips left during this liquidation.
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  • #2,904
  • Jan 30, 2017 1:06am Jan 30, 2017 1:06am
Because this is an attempted breakout below balance (Firday GB session) monitor for continuation: price acceptation below Friday GB low needed for any substantial continuation of this action. If not, back to the opposite side of the balance (Friday GB high at 2574)
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  • #2,905
  • Jan 30, 2017 2:22am Jan 30, 2017 2:22am
Quoting Lock
First test of Friday GB low and of the important 25122 level: note B period elongation and its single pips left during this liquidation.
Almost 90% retracement of its single pips.
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  • #2,906
  • Jan 30, 2017 2:25am Jan 30, 2017 2:25am
Surely you all noted C period inside B and the current attempted breakout above this little balance. Btw it is a very weak market, grinding in any direction, above and below. Note also the new poor low left by B and C periods.
For now we got no acceptation below Friday GB low. While we got it back inside its range.
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  • #2,907
  • Jan 30, 2017 3:28am Jan 30, 2017 3:28am
Quoting Lock
{quote} Almost 90% retracement of its single pips.
Hi Lock, what's the significance of 25122, where does it come from ?
  • #2,908
  • Jan 30, 2017 3:40am Jan 30, 2017 3:40am
Quoting Zaak
{quote} Hi Lock, what's the significance of 25122, where does it come from ?
Hi Zaak

fair low during european session .... last friday ... even if in my chart is 25157
hope not wrong .... I am a new follower here

Best
Animum debes mutare non caelum
  • #2,909
  • Jan 30, 2017 3:43am Jan 30, 2017 3:43am
Quoting Zaak
{quote} Hi Lock, what's the significance of 25122, where does it come from ?
It seems it could be a point for bounce again
right ?
Animum debes mutare non caelum
  • #2,910
  • Jan 30, 2017 3:46am Jan 30, 2017 3:46am
Quoting giorgio1448
{quote} Hi Zaak fair low during european session .... last friday ... even if in my chart is 25157 hope not wrong .... I am a new follower here Best
I've got 25161 -- maybe I'm being too pedantic. I was wondering if it might be something else, CPOC perhaps or something not on my radar. Thanks giorgio1448.
  • #2,911
  • Jan 30, 2017 3:55am Jan 30, 2017 3:55am
Quoting giorgio1448
{quote} It seems it could be a point for bounce again right ?
I'm not sure what it's doing, it's a balance day (so far) and it might clean up the BC poor low and/or rotate back to center
  • #2,912
  • Jan 30, 2017 5:11am Jan 30, 2017 5:11am
Quoting Zaak
{quote} Hi Lock, what's the significance of 25122, where does it come from ?
20.11.2016 inside week high: is a past very important breakeven.
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  • #2,913
  • Jan 30, 2017 5:15am Jan 30, 2017 5:15am
Now, GB closed the session with a new attempted spike (I and J operiods) but is closed at its base. The game is now the possible new gap for upcoming pit or not: if we will open below Friday pit poor low we will have the automatic correction of it and a new gap that could work as resistence in order to skyp the 3 back to back poor pit highs. Bt the gap could also be retraced immediately and in this case we could continue higher to take them out. Or preUS could retrace current position and open inside yesterday range.

In any case 25225, Friday pit low is our main temporary ref here: so monitor price in relation with this level.
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  • #2,914
  • Jan 30, 2017 5:19am Jan 30, 2017 5:19am
Overnight inventories are currently net short from Friday pit unch at 2545. SO a correction of them is also possible: but let's see preUS before to say the final word about inventories.
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  • #2,915
  • Jan 30, 2017 5:22am Jan 30, 2017 5:22am
Note that if this liquidation will continue our next level downside is 23437 and that we are between the major composite pocs 2587 (above) and 2417 (below)
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  • #2,916
  • Jan 30, 2017 5:26am Jan 30, 2017 5:26am
Quoting Lock
{quote} 20.11.2016 inside week high: is a past very important breakeven.
Note, again, also preUS price action glued to this important reference.
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  • #2,917
  • Jan 30, 2017 5:27am Jan 30, 2017 5:27am
Quoting Lock
Note that if this liquidation will continue our next level downside is 23437 and that we are between the major composite pocs 2587 (above) and 2417 (below)
Because of the gaps from 1.2444 to 1.2343 I guess....

Another possibility could be approaching the 1.2444 and then back taking out some Poor highs before the down-trend comes in. Because I think it would be a too sharp move down in a too short time
Mhhh just waiting what the coming session will/can do.
You can manage risk, but you can't manage the return
  • #2,918
  • Jan 30, 2017 5:58am Jan 30, 2017 5:58am
Quoting HappyMe
{quote} Because of the gaps from 1.2444 to 1.2343 I guess.... Another possibility could be approaching the 1.2444 and then back taking out some Poor highs before the down-trend comes in. Because I think it would be a too sharp move down in a too short time Mhhh just waiting what the coming session will/can do.

US pit low of 23.01 is the upper limit of the gap but it is a coincidence. The level I underlined is a past one, it is the 09.10.2016 inside week high. An other very important breakout level.
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  • #2,919
  • Jan 30, 2017 6:02am Jan 30, 2017 6:02am
As said before the game here is all focused on Friday pit low at 25225 and the possible new gap below it. If we have the gap, the scenarios are those underlined in post 2913. If instead it will open above it, we could have a correction of the Friday poor low and then a correction of the 3 back to back poor highs. Or the opposite of it. Naturally the closer the open will be to Friday poor low, the higher the possibility to correct it first, before to eventually go higher and correct the 3 poor highs.
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  • #2,920
  • Jan 30, 2017 6:09am Jan 30, 2017 6:09am
Note that 2500 zone is an old pit cluster of m30 lows (from 24.01 pit session) never corrected by following pit sessions. I'm not saying it has to correct it today but carry this info forward.
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