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Lock's Cable Corner

  • #3,581
  • Feb 24, 2017 3:31am Feb 24, 2017 3:31am
Quoting Lock
Monitor USDX that is trying to fill the upper 4 pass GB gap Acceptation below yes GB close. We need acceptation also below Tokyo(overnight) low 25355.
Got it. But still no acceptation below bracket HB 2526. Plus there is the tag of overnight low at 25355. C was not able to stay below early morning low (B low). Very conflicting information here.
Ubi maior minor cessat
  • #3,582
  • Feb 24, 2017 3:34am Feb 24, 2017 3:34am
USDX not able to fill the 4 pass GB gap upside (for now) nor able to stay above major composite poc.
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  • #3,583
  • Edited 4:06am Feb 24, 2017 3:35am | Edited 4:06am
Quoting Lock
{quote} Got it. But still no acceptation below bracket HB 2526. Plus there is the tag of overnight low at 25355. C was not able to stay below early morning low (B low). Very conflicting information here.
horribly conflicting, this just shows the power of market profile. what is more relevant and useful than knowing when the market is telling you absolutely NOTHING

my strongest guess is another similar situation to yesterday in regards to GB very balanced, some tests at the extremes and back the other way.. probably be the pit to bring any volatility for today.. who knows it is Friday could be a dull one

POC now 4 wide plus 4 period no run at the gap

POC has grown even more, odds seem to weighing on balanced scenario. fade the extremes may be the game here.
  • #3,584
  • Feb 24, 2017 4:19am Feb 24, 2017 4:19am
Quoting Lock
{quote} Got it. But still no acceptation below bracket HB 2526. Plus there is the tag of overnight low at 25355. C was not able to stay below early morning low (B low). Very conflicting information here.
The ruling reason is now the lack of acceptation below 2526. Now let's see above 2548 again. I bought at overnight low 25355. Stops below it.
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  • #3,585
  • Feb 24, 2017 4:20am Feb 24, 2017 4:20am
Note that the acceleration occurred at D high at half back 25405. It was very weak and when those who were selling there found them selves stopped out they have been forced to cover, accelerating the action upside.
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  • #3,586
  • Feb 24, 2017 4:21am Feb 24, 2017 4:21am
Quoting Lock
{quote} The ruling reason is now the lack of acceptation below 2526. Now let's see above 2548 again. I bought at overnight low 25355. Stops below it.
was this at the close of D period after getting a two print break above C, which also had the lack of acceptance below the halfback of the balance bracket you reffered to in the background leading up to it
  • #3,587
  • Feb 24, 2017 4:42am Feb 24, 2017 4:42am
F low at half back 25405: carry this info forward.
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  • #3,588
  • Feb 24, 2017 5:04am Feb 24, 2017 5:04am
F inside E. G high at open. F and G lows at HB.
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  • #3,589
  • Feb 24, 2017 5:05am Feb 24, 2017 5:05am
Quoting Lock
F low at half back 25405: carry this info forward.
Taken out.
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  • #3,590
  • Feb 24, 2017 5:07am Feb 24, 2017 5:07am
Quoting Lock
F inside E. G high at open. F and G lows at HB.
Taken out too.. only tagged (edit)
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  • #3,591
  • Feb 24, 2017 5:38am Feb 24, 2017 5:38am
It really likes 2542.
  • #3,592
  • Feb 24, 2017 5:40am Feb 24, 2017 5:40am
Quoting Lock
{quote} Taken out too.. only tagged (edit)
Now taken out. But now both F and G highs are at round 2550. And G low is at Tokyo low 25355. Only weak hands for now.
Ubi maior minor cessat
  • #3,593
  • Feb 24, 2017 5:44am Feb 24, 2017 5:44am
having a lot of trouble getting above the GB close.. something would really have to shake up in the next few periods to change whats unfolding here.
acceptance above the GB close and a move above the poor highs at the top of the GB session could probe the overnight high and 2583 but the POC has now substantially built up and you have the last few POCS in each previous session coinciding in the same area. gap has held up this whole session aswell.

seems to me like the change in the market caused by the gap has been accepted but lack of presence from short term traders and beyond has the daytimeframes on there same old game plan bouncing from reference to reference in this tight range
  • #3,594
  • Feb 24, 2017 5:56am Feb 24, 2017 5:56am
Quoting Lock
{quote} Now taken out. But now both F and G highs are at round 2550. And G low is at Tokyo low 25355. Only weak hands for now.
Then shakeout, both taken out.
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  • #3,595
  • Feb 24, 2017 5:57am Feb 24, 2017 5:57am
Note the bounce of H low at short term ref 2526. Directly to the upper short term ref 2548.
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  • #3,596
  • Feb 24, 2017 6:00am Feb 24, 2017 6:00am
Quoting Piphunter00
having a lot of trouble getting above the GB close.. something would really have to shake up in the next few periods to change whats unfolding here. acceptance above the GB close and a move above the poor highs at the top of the GB session could probe the overnight high and 2583 but the POC has now substantially built up and you have the last few POCS in each previous session coinciding in the same area. gap has held up this whole session aswell. seems to me like the change in the market caused by the gap has been accepted but lack of...
Precise analysis.

Remember that, like yesterday, even if the poc and the relative value cannot move anymore, there is still the possibility for a spike (test)
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  • #3,597
  • Feb 24, 2017 6:46am Feb 24, 2017 6:46am
Quoting Lock
{quote} Precise analysis. Remember that, like yesterday, even if the poc and the relative value cannot move anymore, there is still the possibility for a spike (test)
That in fact occurred. Note that we got GB acceptation above 2548, for the first time during this session.

Let's see preUS open considering the old gap downside that we are currently tagging (25645 pit US poor high from 02.02) and the double pass pit gap at 25955-2613

Note both I and J lows at open 25465.

Note also that yesterday pit US left a minus development at 25165-2532. This zone could attract price if the current indecision will continue.
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  • #3,598
  • Feb 24, 2017 6:52am Feb 24, 2017 6:52am
About my current involvement in this market I bought again when H came back inside overnight (above 25355). Then I scaled out some above B, E and H highs.
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  • #3,599
  • Feb 24, 2017 6:58am Feb 24, 2017 6:58am
Quoting Lock
{quote} Precise analysis. Remember that, like yesterday, even if the poc and the relative value cannot move anymore, there is still the possibility for a spike (test)
was this spike the highs of the current session before they were taken out or the area around the overnight high, have seen this referenced a lot and it took place yesterday. trying to wrap my head around it
  • #3,600
  • Feb 24, 2017 7:03am Feb 24, 2017 7:03am
Quoting Piphunter00
{quote} was this spike the highs of the current session before they were taken out or the area around the overnight high, have seen this referenced a lot and it took place yesterday. trying to wrap my head around it
A spike is a final test above or below a session made during the last periods of it. In this case J period. The spike base is the breakeven of it from the balance (max 2 letters wide) In this case the spike base (even if the spike failed) is at 25555. And this could be an important reference untill GB close (18:00+1GMT) and/or during the next GB sessions.
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