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Lock's Cable Corner

  • #3,521
  • Feb 23, 2017 6:03am Feb 23, 2017 6:03am
Quoting Piphunter00
Lock, Pre US has been a sizeable move compared to the usual range of the activity in this time. does this affect how you view things in anyway in regards to the session. Say in terms of if you include it in overnight or Pit us? I'm just curious as I'm completely new to breaking up of sessions in this way
No, in this case only considering the possible new pit gap upside. Furthermore I'm already in at GB G period break. As you see we are now at 25122: if I will see strong reaction here I could scale out again.
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  • #3,522
  • Feb 23, 2017 6:04am Feb 23, 2017 6:04am
repost it:

I see in this thread are present skilled traders already above the early stages of preparation: feel free to answer other traders' basic questions if you like.
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  • #3,523
  • Feb 23, 2017 6:05am Feb 23, 2017 6:05am
Quoting Lock
PreUS out of balance. Cluster of poor highs above up to 25645 (7 in a row: 2498, 2502, 25075, 2532, 25393, 25475 and 25645). Let's see if it will build a gap for pit US (or not).
3 of them already taken out. Now we need to see pit US open.
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  • #3,524
  • Feb 23, 2017 6:06am Feb 23, 2017 6:06am
25122 and 2548 very important levels here.
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  • #3,525
  • Feb 23, 2017 6:16am Feb 23, 2017 6:16am
Quoting Lock
25122 and 2548 very important levels here.
seeing lots of struggle at the 2512 and 16th pit high at 2507.. decent amount of time till close though.

feels like tempo is slowing, but pit US could easily take a second look if C period resolves under 12 or 07 and continue to go for it.

my game is currently waiting for the initial balance.. secondary scenario if bullish action is confirmed is trying to hop on the train if the market delivers a single tick failure below a 30 min period.. gap is of course stil in the front of my mind right now

overnight halfback is sitting around the composite POC Lock has referenced many times 1.2464
  • #3,526
  • Feb 23, 2017 6:24am Feb 23, 2017 6:24am
Without a new pit test of 25122 only a liquidation is possible. This is the reason I didn't short there yet. If I'll see no new test of it and a fast fillingof the new gap I'll be short. Otherwise if the gap will resist I think I'm going to add more above 25122.
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  • #3,527
  • Feb 23, 2017 6:36am Feb 23, 2017 6:36am
Quoting Lock
Without a new pit test of 25122 only a liquidation is possible. This is the reason I didn't short there yet. If I'll see no new test of it and a fast fillingof the new gap I'll be short. Otherwise if the gap will resist I think I'm going to add more above 25122.
testing
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  • #3,528
  • Feb 23, 2017 7:03am Feb 23, 2017 7:03am
think thats the highest we'll see today...
  • #3,529
  • Feb 23, 2017 7:11am Feb 23, 2017 7:11am
A period failed to close above 2512.. but did resolve above the pit high of the 16th. all about B period now
  • #3,530
  • Feb 23, 2017 7:21am Feb 23, 2017 7:21am
mechanical buying off overnight low.. markets having struggle in B period with both of these previous highs. very conflicting at the moment, because we are showing weakness above previous highs and we know weak hands are not in the business of extending markets past the previous days range but the gap hasn't been filled in two periods either and gap rules usually indicate to go with gaps that aren't filled relatively quickly.. maybe relatively here is the key

failure in B period + extension of the IB into the overnight range could signal the liquidation, question when it comes to that is will the gap hold, the space is relatively small trade would have to nimble if its going to cause a buying reaction
  • #3,531
  • Feb 23, 2017 7:23am Feb 23, 2017 7:23am
Quoting Piphunter00
mechanical buying off overnight low.. markets having struggle in B period with both of these previous highs. very conflicting at the moment, because we are showing weakness above previous highs and we know weak hands are not in the business of extending markets past the previous days range but the gap hasn't been filled in two periods either and gap rules usually indicate to go with gaps that aren't filled relatively quickly.. maybe relatively here is the key
i totally agree, relative is key however where do you see the exact gap/price?
  • #3,532
  • Feb 23, 2017 7:25am Feb 23, 2017 7:25am
Quoting titi14
{quote} i totally agree, relative is key however where do you see the exact gap/price?
are you not making use of Locks MP tool? I suggest you download it and you will be able to see for yourself
  • #3,533
  • Feb 23, 2017 7:28am Feb 23, 2017 7:28am
Quoting Piphunter00
{quote} are you not making use of Locks MP tool? I suggest you download it and you will be able to see for yourself
i see at 2497...
  • #3,534
  • Feb 23, 2017 7:31am Feb 23, 2017 7:31am
closed right on the high of the 16th, cant tell a thing right now. were not exactly accepting or rejecting anything
  • #3,535
  • Feb 23, 2017 7:44am Feb 23, 2017 7:44am
I am long the break of B period, stop just under c period, if I show profit my first area of monitoring is 2533 then onward 2548

hoping the failure to fill gap quickly and the fact value is moving higher will keep me in good shape

amazing trade.. have taken my profits and ran for the hills before comes along and ruins my morale LOOOL 20 pts profit I had a stop of an initial 14 pts which then very quickly got reduced to 5. although its now currently heading for the 2548 I am happy with my result.

Lock, I would like to thank you personally. you have a lot to do with that
  • #3,536
  • Feb 23, 2017 7:50am Feb 23, 2017 7:50am
Quoting Piphunter00
I am long the break of B period, stop just under c period, if I show profit my first area of monitoring is 2533 then onward 2548 hoping the failure to fill gap quickly and the fact value is moving higher will keep me in good shape
great trade!! it was too fast for me... by the time i entered it was at 2530..
  • #3,537
  • Feb 23, 2017 7:51am Feb 23, 2017 7:51am
Sorry no time to follow the thread. B inside A: break above. First poor high taken out. If acceptation above we could aim at 25645. The old pit double pass gap 25595-2613 is possible after that.
Very ugly pit poor low at round 2500, also open. (but supported by excess gap) If something will go wrong remember it.

2548 next short term ref.
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  • #3,538
  • Feb 23, 2017 7:54am Feb 23, 2017 7:54am
Quoting Lock
PreUS out of balance. Cluster of poor highs above up to 25645 (7 in a row: 2498, 2502, 25075, 2532, 25393, 25475 and 25645). Let's see if it will build a gap for pit US (or not).
the slaughter of the lambs...

Quoting Lock
Sorry no time to follow the thread. B inside A: break above. First poor high taken out. If acceptation above we could aim at 25645. The old pit double pass gap 25595-2613 is possible after that. Very ugly pit poor low at round 2500, also open. (but supported by excess gap) If something will go wrong remember it. 2548 next short term ref.
Tagged. Elongated C

Quoting Lock
PreUS out of balance. Cluster of poor highs above up to 25645 (7 in a row: 2498, 2502, 25075, 2532, 25393, 25475 and 25645). Let's see if it will build a gap for pit US (or not).
We still have 25645 but very elongated C.

Quoting Piphunter00
I am long the break of B period, stop just under c period, if I show profit my first area of monitoring is 2533 then onward 2548 hoping the failure to fill gap quickly and the fact value is moving higher will keep me in good shape amazing trade.. have taken my profits and ran for the hills before comes along and ruins my morale LOOOL 20 pts profit I had a stop of an initial 14 pts which then very quickly got reduced to 5. although its now currently heading for the 2548 I am happy with my result. Lock, I would like to thank you personally. you have...
Fine!
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  • #3,539
  • Feb 23, 2017 8:03am Feb 23, 2017 8:03am
Quoting Lock
Sorry no time to follow the thread. B inside A: break above. First poor high taken out. If acceptation above we could aim at 25645. The old pit double pass gap 25595-2613 is possible after that. Very ugly pit poor low at round 2500, also open. (but supported by excess gap) If something will go wrong remember it. 2548 next short term ref.
We need acceptation above it for any meaningfull continuation upside. For a double distribution at least some portion of current minus development of C must be preserved. USDX eventually took out the pit double pass gap: monitor it.
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  • #3,540
  • Feb 23, 2017 8:20am Feb 23, 2017 8:20am
New possible scenarios:

  1. no acceptation above 2548, then liquidation and balance above new pit gap.
  2. no acceptation above 2548, then liquidation, filling the new gap and eventually taking out all the weaknesses left downside during overnight and more.
  3. acceptation above 2548, then take out of the last poor high 25645 and eventually filling of the old double pass gap upside up to 2613.

Note in the meanwile the filling of the single pips of C

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