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Lock's Cable Corner

  • #3,281
  • Feb 16, 2017 1:02am Feb 16, 2017 1:02am
B inside A
Ubi maior minor cessat
  • #3,282
  • Feb 16, 2017 1:11am Feb 16, 2017 1:11am
Note the initial balances of yesterday and today GB sessions: 11 and 14 pips. Very narrow range for both of them. Yesterday in particular was a record for the last months comparable only with 06.01.16 (excluding the GB session of 26 Dec 2016)
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  • #3,283
  • Feb 16, 2017 1:21am Feb 16, 2017 1:21am
Quoting Lock
17/02/16 THURSDAY 09:42+1GMT MORNING REPORT .... Above current price we have a remaining portion of the min dev up to 25135 left by GB 13.02: it could attract price. While 25393 is the poor high left above from GB 10.02. Then above it we have a further poor high left by Tokyo at 25475 (13.02 session) Also USDX made a gap downside at GB open, creating a double pass gap: monitor it too.
Min dev filled
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  • #3,284
  • Feb 16, 2017 1:24am Feb 16, 2017 1:24am
25122 is one of our major references in this price zone: so monitor for acceptation above it. If acceptation, the higher GB poor high 25393 is pretty sure. If not, all the way back to the composite poc.
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  • #3,285
  • Feb 16, 2017 1:28am Feb 16, 2017 1:28am
And remember that 2548 is the natural direction* after the yesterday failure below 24437: above 2548 we could find serious money, short term sellers or buyers.

*Direction does not mean target. It is a place that could be reached after the failure below the 4 days bracket low, but this does not mean that the market has to go there. It could and if it will do it, this will be considered very normal.
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  • #3,286
  • Feb 16, 2017 1:33am Feb 16, 2017 1:33am
Note that current C high is weak as it coincides with the D period high of 14.02 GB session. And that D high was made tagging exactly the day before GB session unchanged 2517.
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  • #3,287
  • Feb 16, 2017 2:06am Feb 16, 2017 2:06am
Again: D inside C. Note that last action occurred in order to fill with volume the old min dev zone.
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  • #3,288
  • Feb 16, 2017 2:11am Feb 16, 2017 2:11am
A conflicting information comes from the fact that right now we do not have acceptation above 25122. So be very careful. We need acceptation above it for continuation upside.
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  • #3,289
  • Feb 16, 2017 2:43am Feb 16, 2017 2:43am
Quoting Lock
Note that current C high is weak as it coincides with the D period high of 14.02 GB session. And that D high was made tagging exactly the day before GB session unchanged 2517.
Eventually taken out.
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  • #3,290
  • Feb 16, 2017 2:45am Feb 16, 2017 2:45am
Quoting Lock
A conflicting information comes from the fact that right now we do not have acceptation above 25122. So be very careful. We need acceptation above it for continuation upside.

For now we have E period closed above it. If you bought at breakeven (D balance high), monitor for continuation and keep your stops inside D somewhere. Our next visible level is now 25393.
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  • #3,291
  • Feb 16, 2017 2:47am Feb 16, 2017 2:47am
Current session structure is very weak as B and C are both at open price. But current action is supported by the new GB gap upside. Watch out.
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  • #3,292
  • Feb 16, 2017 4:02am Feb 16, 2017 4:02am
Quoting Lock
{quote} For now we have E period closed above it. If you bought at breakeven (D balance high), monitor for continuation and keep your stops inside D somewhere. Our next visible level is now 25393.
No acceptation above 25122 because no other period closed above it but E.

Quoting Lock
Current session structure is very weak as B and C are both at open price. But current action is supported by the new GB gap upside. Watch out.
Note H period went down 1 single pip above C period low and 2 pips above B period low. So the last weak structure has been substantially retraced after the lack of acceptation above 25122. B, C, H and I periods' lows are a weak cluster right now.
But still the new gap is in place.
Now the game is about a possible new gap upside for upcoming pit session. 2481, yes pit high is our main level here and, unfortunately, it coincides with the composite poc. So it will be difficult.
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  • #3,293
  • Feb 16, 2017 4:05am Feb 16, 2017 4:05am
Note I period high at half back.
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  • #3,294
  • Feb 16, 2017 6:16am Feb 16, 2017 6:16am
Overnight inventories are for now 100% long from yes pit unch. But we could consider some of them already corrected by current preUS action.
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  • #3,295
  • Feb 16, 2017 6:33am Feb 16, 2017 6:33am
So, it gap higher. The game is the same one as this morning: if the gap will be preserved we have good odds to continue higher to 2532 (old poor high) and 25645 (other old poor high) If quickly retraced and if acceptation will be found inside yes pit range, we could imagine a correction of yes range at least to 2436 (yes pit pull back low)
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  • #3,296
  • Feb 16, 2017 6:34am Feb 16, 2017 6:34am
As this morning 2548 is our major ref above.
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  • #3,297
  • Feb 16, 2017 6:36am Feb 16, 2017 6:36am
Note that USDX gapped lower too. (it's the opposite of cable)
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  • #3,298
  • Feb 16, 2017 7:26am Feb 16, 2017 7:26am
Quoting Lock
{quote} .... Now the game is about a possible new gap upside for upcoming pit session. 2481, yes pit high is our main level here and, unfortunately, it coincides with the composite poc. So it will be difficult.
As you see...
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  • #3,299
  • Feb 16, 2017 8:30am Feb 16, 2017 8:30am
D inside C. All day contained in 40 pips: watch out!
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  • #3,300
  • Feb 16, 2017 8:45am Feb 16, 2017 8:45am
Quoting Lock
D inside C. All day contained in 40 pips: watch out!
Good afternoon Lock

Is it possible that this is the case where Market waits for news ...... I have seen US president speaks in short time

Regards
g.
Animum debes mutare non caelum
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