Lock's Cable Corner | Page 148 | Forex Factory

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Lock's Cable Corner

  • #2,941
  • Jan 31, 2017 3:00am Jan 31, 2017 3:00am
Note anyhow that for now we got acceptation back inside yes GB range and we got no acceptation above yesGB spike base.
Ubi maior minor cessat
  • #2,942
  • Jan 31, 2017 3:07am Jan 31, 2017 3:07am
C inside B inside A: go with the break if any and monitor for continuation. If fails in one direction, initial natural direction is the opposite side of the balance.
Ubi maior minor cessat
  • #2,943
  • Jan 31, 2017 3:11am Jan 31, 2017 3:11am
Quoting Lock
C inside B inside A: go with the break if any and monitor for continuation. If fails in one direction, initial natural direction is the opposite side of the balance.
Do not anticipate the possible break. An attempted break is at least a couple of pips above or below a certain balance range.
Ubi maior minor cessat
  • #2,944
  • Jan 31, 2017 3:44am Jan 31, 2017 3:44am
Quoting Lock
C inside B inside A: go with the break if any and monitor for continuation. If fails in one direction, initial natural direction is the opposite side of the balance.
You see the importance of market generated information.
Btw current D is very elongated: too many single pips for now. And we are exactly at 24437: one of the levels underlined this morning.
Ubi maior minor cessat
  • #2,945
  • Jan 31, 2017 3:51am Jan 31, 2017 3:51am
Quoting Lock
17/01/31 TUESDAY 08:11+1GMT EARLY MORNING REPORT ...Yesterday GB session made a final attempt downside with I and J periods (a spike): the base of which is at 25085. This is our main reference for upcoming GB session. .... as written numerous times: only a substantial new gap downside could allow us to skip this extremely rare sequence of weaknesses. .....

Note that this liquidation occurred exactly from B period high at our most important level for today GB session (25085). Now the game is about a possible new pit gap downside. As written this morning this could eventually allow us to skip temporarily the correction of the 4 poor highs. So monitor the situation specially in relation to yesterday pit low at 2465: a new pit gap need the upcoming pit US to open below this level.
Ubi maior minor cessat
  • #2,946
  • Jan 31, 2017 3:54am Jan 31, 2017 3:54am
Remember this:

Quoting Lock
17/01/31 TUESDAY 08:11+1GMT EARLY MORNING REPORT .... Downside the top of the old GB gap upside is at 24183 and this could be our third ref for today Gb session (also because it is very close to the lower composite poc at 2417.) ....
But note also the extreme elongation of current D.
Ubi maior minor cessat
  • #2,947
  • Jan 31, 2017 3:55am Jan 31, 2017 3:55am
2428 is the half back of the move upside from 25.10: it's a major ref too.
Ubi maior minor cessat
  • #2,948
  • Jan 31, 2017 3:59am Jan 31, 2017 3:59am
Quoting Lock
17/01/31 TUESDAY 08:11+1GMT EARLY MORNING REPORT .... Downside the top of the old GB gap upside is at 24183 and this could be our third ref for today Gb session (also because it is very close to the lower composite poc at 2417.) ....
And here we are at our third most important level for today GB.
Now watch out because it is the top of an old gap (support) and D period is very very elongated.
Ubi maior minor cessat
  • #2,949
  • Jan 31, 2017 5:04am Jan 31, 2017 5:04am
F inside E. Note anyhow the new poor low at 24115.
Ubi maior minor cessat
  • #2,950
  • Jan 31, 2017 6:37am Jan 31, 2017 6:37am
Oh gosh....incredible.... I believe we have a complete rejection of the breakout of tomorrow....

and again acceptation into the US-pit session....when this level still holds until open US-pit (possibly I'm to early with this call....)
But without an us-pit gap we still have our weakness above......

I'm curious how this is turning-out
You can manage risk, but you can't manage the return
  • #2,951
  • Jan 31, 2017 8:17am Jan 31, 2017 8:17am
Quoting Lock
Remember this: {quote} But note also the extreme elongation of current D.
It was the D elongation and the following balance that allowed this correction
Ubi maior minor cessat
  • #2,952
  • Jan 31, 2017 8:18am Jan 31, 2017 8:18am
And now we got an other narrow balance: B inside A, C inside B
Ubi maior minor cessat
  • #2,953
  • Jan 31, 2017 8:31am Jan 31, 2017 8:31am
Quoting Lock
And now we got an other narrow balance: B inside A, C inside B
And here it is the break. Now in order to take out the remaining 3 poor highs or at least some of them we need acceptation above yes pit high 2525.
Ubi maior minor cessat
  • #2,954
  • Jan 31, 2017 8:37am Jan 31, 2017 8:37am
Now, while we are correcting above, do not forget the GB poor low and the preUS poor low: carry these info forward if something will go wrong upside.
Ubi maior minor cessat
  • #2,955
  • Jan 31, 2017 8:42am Jan 31, 2017 8:42am
In the meanwhile USDX is testing its own new year low. It made a new one.
Ubi maior minor cessat
  • #2,956
  • Jan 31, 2017 8:59am Jan 31, 2017 8:59am
Note A low at yes pit open 2521: carry also this info forward.
Ubi maior minor cessat
  • #2,957
  • Jan 31, 2017 9:08am Jan 31, 2017 9:08am
Quoting Lock
Note A low at yes pit open 2521: carry also this info forward.
Tagged: now poor low.
Ubi maior minor cessat
  • #2,958
  • Jan 31, 2017 9:08am Jan 31, 2017 9:08am
Quoting Lock
{quote} Tagged: now poor low.
Taken out.
Ubi maior minor cessat
  • #2,959
  • Jan 31, 2017 9:36am Jan 31, 2017 9:36am
Quoting Lock
{quote} And here it is the break. Now in order to take out the remaining 3 poor highs or at least some of them we need acceptation above yes pit high 2525.
We got it. Monitor for continuation and watch out.
Ubi maior minor cessat
  • #2,960
  • Jan 31, 2017 9:38am Jan 31, 2017 9:38am
Now we want to see acceleration. No stallmate.
Ubi maior minor cessat
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