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Lock's Cable Corner

  • #3,641
  • Feb 24, 2017 10:18am Feb 24, 2017 10:18am
D inside C, for now.
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  • #3,642
  • Feb 24, 2017 10:20am Feb 24, 2017 10:20am
preUS + pit US composite profile is forming a "b" shape: meaning liquidation then balance. It could also close like that if no other participants will join this session.
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  • #3,643
  • Feb 24, 2017 10:46am Feb 24, 2017 10:46am
I am going to wave the whiteflag for the week! only notations I am going to leave on my mind for the rest of the day that if we resolve the day above 2508ish that will be the second day above a previous 4 day balance area that we broke out of yesterday. could be signalling something bigger in the underlying conditions or at very least a probe at the high of the current 12 day balance area at 2583 in the next week.

if not, rejection of this 4 day balance breakout could mean all the way back down to the other side and more.

thank you lock again for your guidance

and if you could Lock at some point get back to me with an explanation on that reference so I can watch out for similar references in the future
  • #3,644
  • Feb 24, 2017 10:51am Feb 24, 2017 10:51am
I'm going to be off brobably. Too tired right now. Anyhow, last update:

  1. C high at open 25122: it is weak.
  2. Acceptation below yes pit low 2500.
  3. D inside C and E inside D.
  4. E last period of London.
  5. Current low is tagging yes preUS low 2481: it is weak.
  6. upper minus development left by yes pit unfilled.
  7. yes pit gap upside still in plce for 2 pips.

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  • #3,645
  • Feb 24, 2017 10:56am Feb 24, 2017 10:56am
Quoting Piphunter00
I am going to wave the whiteflag for the week! only notations I am going to leave on my mind for the rest of the day that if we resolve the day above 2508ish that will be the second day above a previous 4 day balance area that we broke out of yesterday. could be signalling something bigger in the underlying conditions or at very least a probe at the high of the current 12 day balance area at 2583 in the next week. if not, rejection of this 4 day balance breakout could mean all the way back down to the other side and more. thank you lock again for...
25122. It was an inside week high. A breakeven. It occurred during 20.11.2016. From that high market broke above. Then it became an important short term or even mid term reference. Following weeks, days and sessions took care of it. For this reason it remained an important reference till now.
Have a nice weekend. Best L.
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  • #3,646
  • Feb 24, 2017 11:52am Feb 24, 2017 11:52am
Quoting Lock
But we open at 25122: the game will be here.
Quoting Lock
I mean: acceptation above or below it is the current pit game.
We got acceptation below 25122.

Quoting Lock
Now: C looks too big as a buying tale. In any case monitor for acceptation below yes pit low. If no acceptation a new buy is licit. If acceptation we could complete the yes gap filling and eventually go to composite poc 2464.
We got acceptation below yes pit low and then we filled the yesterday pit gap upside and got the composite poc at 2464.

But it was not easy at all and personally I didn't preserve my initial short size till the composite poc. So at the end of the story today has been one of the smallest profit of the week for me. Anyhow at least it was a profit. See you next week. Best L.
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  • #3,647
  • Feb 27, 2017 2:04am Feb 27, 2017 2:04am
Morning everyone,
Lock am I seeing correct that this current GB session has opened leaving like 3 gaps, one small one from 3 sessions ago, then 2 sessions ago, then a massive gap from Fridays session?
  • #3,648
  • Feb 27, 2017 2:30am Feb 27, 2017 2:30am
Longer term references of note to me currently:
bottom of the 4 day balance bracket on my feed is 2386, just above that are poor lows + round figure level 2400's, and just higher is a previous GB session low and gap 2421 (overnight halfback just higher)

acceptance of these regions added with a failure to fill the gap(s) could strongly support some down movement and a probe in the lower bracket of a 12+day balance on my D1 chart.

If we start to close up the initial small gap and accept to the upside, we could firstly head for liquidating overnight inventory and head for some higher gaps.

Locks post from Friday or Thursday it may have been pretty much sums up how I'm looking at this market.

We have opened out of balance which signifies a change in the market, the market can either accept or reject this change


  • #3,649
  • Feb 27, 2017 3:25am Feb 27, 2017 3:25am
failure at daily low. overnight low shows first sign of rejection two periods resolves above it. C period buys half back
  • #3,650
  • Edited 4:22am Feb 27, 2017 3:30am | Edited 4:22am
I have taken a long just above 2421, first gap has been filled and it seems to me the market has no other way to go but explore upwards to some degree even if its small. stops jus below half back.
heavily monitoring for continuation, C period close back within previous sessions range from the 20th, one more could be first sign of acceptance and brings in play the higher gaps which I am hoping on being an attraction

update: D period resolves above previous session low/gap low

a pick up in tempo I feel is needed though :/

I have reduced my stop on the premise that if D period low which coincides with the previous session low that we have just shown signs of acceptance above gets violated strongly, the idea behind this trade isn't really valid anymore

Scratched it. Too much pissing around. Probably regret it later but ehhh
  • #3,651
  • Edited 5:14am Feb 27, 2017 4:53am | Edited 5:14am
why is it the GB session has been seriously dull lately :S

if anyone wants to make serious money, when I say ive scratched my trade.. fade it immediately LOOOL

I seem to be almost telepathically tuned into what a losing trade looks like loool couldn't tell you if a winner would hold on to save my life ><><
  • #3,652
  • Edited 6:26am Feb 27, 2017 6:06am | Edited 6:26am
H inside G, H period also made a bounce directly off of G period low which both are two ticks off C period low which caused the range extension. extremely mechanical
weak hands at large

I wish Lock was present to comment on the B period single prints, I know it bounced off of a previous daily low to the tick so in the long run that's become a poor low but in the immediate is this some form of excess

GB current inventory is heavily long just about the 400 round number
  • #3,653
  • Feb 27, 2017 6:20am Feb 27, 2017 6:20am
17/02/27 MONDAY 13:20+1GMT
WEEKLY REPORT

We are in monthly and weekly balance. The last attempt above weekly balance made last week failed during Friday and completed today with a full retracement of the entire weekly balance: note that current GB session tagged exactly the inside week low at 23825. (preUS low 15.02)
This level, even if it could be a short/mid term one is currently week as any other very exact tagged reference.

Note also that GB failed for now (got no acceptation) below the main half back at 2396 (half back of the entire bracket from 06.12 to 16.01). Also, Today gapped lower and left above a double pass gap at 2498-25235: Friday GB session is currently a possible "island reversal".

Main refs for upcoming pre US and pit US sessions will be the half back of the entire bracket from 06.12 to 16.01 (in this case considering the pit extremes instead of the GB ones) at 23975. The 23465, half back of the last action upside (for all sessions and 23583 for pit sessions), then downside: 23117 and 23015. Before them, note the preUS poor low at 23505. Also 23437 is one of our major ref as it is the first weekly balance high after the break of 02.10.16.

In any case I will focus on 23895 pit bracket low(last 8 pit sessions low) and on 23695, last 15 pit sessions bracket low: below these refs we could find short term or even mid term sellers or buyers. For any meaningfull continuation downside we need acceptation below both of them. A clear rejection of these levels could force price to the opposite side of the pit brackets (2564 first and then, eventually, 26793)

Above we have the major composite poc that could always attract price at 2464 and then all the major levels above as 25122, 2548 etc.

An important notation regards USDX that today managed to fill all the GB gaps left by previous sessions, specially the notorious 4 pass GB gap.
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  • #3,654
  • Feb 27, 2017 6:31am Feb 27, 2017 6:31am
Period I inside H.
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  • #3,655
  • Feb 27, 2017 6:31am Feb 27, 2017 6:31am
Lock, do you look at the bracket extremes of longer term auctions in relation to the session your actually trading then. so when Pit comes up youll look at the pit extremes in this overall bracket
  • #3,656
  • Feb 27, 2017 6:41am Feb 27, 2017 6:41am
Quoting Lock
17/02/27 MONDAY 13:20+1GMT WEEKLY REPORT ... In any case I will focus on 23895 pit bracket low(last 8 pit sessions low) and on 23695, last 15 pit sessions bracket low: below these refs we could find short term or even mid term sellers or buyers. ....
23695 is th low of the last 15 pit sessions bracket but also of the last 18 pit sessions bracket: so it is a very important reference (short and mid term one)
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  • #3,657
  • Feb 27, 2017 6:43am Feb 27, 2017 6:43am
Quoting Piphunter00
Lock, do you look at the bracket extremes of longer term auctions in relation to the session your actually trading then. so when Pit comes up youll look at the pit extremes in this overall bracket
Yes, correct. Consider anyhow that during London open (untill 18:00+1GMT) GB refs could still be taken into consideration by market participants.
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  • #3,658
  • Feb 27, 2017 6:45am Feb 27, 2017 6:45am
Quoting Lock
{quote} Yes, correct. Consider anyhow that during London open (untill 18:00+1GMT) GB refs could still be taken into consideration by market participants.
noted

would this be inclusive of the gaps left behind by GB aswel?
  • #3,659
  • Edited 7:02am Feb 27, 2017 6:49am | Edited 7:02am
how many times they gona buy this same low :S

J inside I, A period PREUS making bounce off same reference
  • #3,660
  • Feb 27, 2017 7:22am Feb 27, 2017 7:22am
Quoting Piphunter00
{quote} noted would this be inclusive of the gaps left behind by GB aswel?
GB gap could be considered but if preUS or pit will go over there they will not be "filled". Only GB action could fill GB gaps as only pit action could fill pit ones.
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