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Lock's Cable Corner

  • #4,061
  • Mar 31, 2017 10:19am Mar 31, 2017 10:19am
Quoting Lock
{quote} Yesterday pit session high taken out. Now for continuation we need acceptation above both overnight high at 2508 and yesterday pit high at 2524. If so, we could aim at 2556 and 2563 as written.
indeed lock
  • #4,062
  • Mar 31, 2017 10:20am Mar 31, 2017 10:20am
Remember that 2524 is a major short/mid term reference as it is the half back pit bracket from 02.02 to 07.02. Yesterday pit session tagged it exactly and it is for this reason that I wrote about this nuance yesterday.
Ubi maior minor cessat
  • #4,063
  • Mar 31, 2017 10:22am Mar 31, 2017 10:22am
Quoting Lock
Remember that 2524 is a major short/mid term reference as it is the half back pit bracket from 02.02 to 07.02. Yesterday pit session tagged it exactly and it is for this reason that I wrote about this nuance yesterday.
lets see if it makes another attempt
  • #4,064
  • Mar 31, 2017 10:23am Mar 31, 2017 10:23am
I wrote this late in the afternoon:

Quoting Lock
.... The notable fact of today is the rejection (too exact in my opinion but it could happen) of the 2524 level (half back of the upper pit weekly bracket)
Ubi maior minor cessat
  • #4,065
  • Mar 31, 2017 10:24am Mar 31, 2017 10:24am
Quoting Lock
I wrote this late in the afternoon: {quote}
unbelievable analysis i must say!
  • #4,066
  • Mar 31, 2017 10:25am Mar 31, 2017 10:25am
Quoting titi14
{quote} lets see if it makes another attempt
I sure hope it does, I wanna close my trade at 1.252X region, or heck, 1.253X region.

Cheers.
  • #4,067
  • Mar 31, 2017 10:26am Mar 31, 2017 10:26am
Quoting KovanTrader
{quote} I sure hope it does, I wanna close my trade at 1.252X region, or heck, 1.253X region. Cheers.
are you using Locks market profile attached on the first page of this thread?
  • #4,068
  • Mar 31, 2017 10:33am Mar 31, 2017 10:33am
Quoting titi14
{quote} are you using Locks market profile attached on the first page of this thread?
??????
  • #4,069
  • Mar 31, 2017 10:35am Mar 31, 2017 10:35am
Are we gunning for a new HOD?
  • #4,070
  • Mar 31, 2017 10:36am Mar 31, 2017 10:36am
Quoting KovanTrader
{quote} ??????
please read the very first post on the first page of this thread.
  • #4,071
  • Mar 31, 2017 10:44am Mar 31, 2017 10:44am
Quoting titi14
{quote} please read the very first post on the first page of this thread.
your point being...?
  • #4,072
  • Mar 31, 2017 10:46am Mar 31, 2017 10:46am
Quoting KovanTrader
{quote} your point being...?
well if you read it you should have figured out the point by yourself my friend
  • #4,073
  • Mar 31, 2017 11:00am Mar 31, 2017 11:00am
Quoting titi14
{quote} well if you read it you should have figured out the point by yourself my friend
We're all here to make green pips, why are your knickers in a bunch?
  • #4,074
  • Mar 31, 2017 11:02am Mar 31, 2017 11:02am
1.3 Contracts Buy GBP/USD @ 1.24952.
Closed @ 1.25235

Missed the rally that happened in the last few minutes, but well, green pips are green pips. Hit my daily target of SGD 500.
  • #4,075
  • Edited 1:43am Apr 3, 2017 1:25am | Edited 1:43am
17/04/03 MONDAY 08:25+1GMT (edited 8:40)
EARLY MORNING REPORT

We are in a monthly, weekly balance. On daily we are in the third day of correction upside and of one timeframing higher. Currently price position could probably create a new GB gap upside from Friday GB range high at 24865. Note that if so the zone from 24865 to next GB open will become a double pass gap (as it will overlap the previous gap downside from March 28-29) and the price zone from 25075 to next GB open will become a triple pass gap (as it will overlap both the previous gap downside from March 28-29 and the older gap upside from 03.24-27)

If so, considering that a triple pass gap is rarely left unfilled we could experience a correction in the direction of 25075. I'm not saying it has to do it, but it is very possible.

In any case if the new gap upside from Friday GB range high (24865) will be preserved, at least in part after some correction downside, a continuation upside is possible. Note that pit session left a poor high at 25475 and just above it we still have in place the old pit poor high at 2556 and the preUS poor high at 2563. I think that, unless a substantiall liquidation will occur before, these levels will be revisited today by upcoming pit session or price could even open pit session above them (in this case we will consider them already corrected at open 15:30+1GMT)

Consider anyhow that price is currently balancing above the major composite poc at 2481 and if price will break downside from current overnight range to much the possibility to be attracted by this volume pole are high.

Furthermore Friday pit session left 2 minus development during its run upwards and these zones could attract price also during upcoming pit session.

Finally note that Friday pit session made a pull back low test with its M period at 25215: this will be our major reference for upcoming pit session this afternoon.

For upcoming GB session note that we are going to open with a possible gap upside as said but also above Friday GB spike base at 2467: this level will be the most important for today GB session. A GB open above this level plus above Friday GB range high at 24865 will mean 2 concurrent excess in the same direction (upside):if the gap will not be retraced quickly and if price will not be accepted below 2467 the possibility of a continuation upside is considerable.

PS: major short/mid term levels in this zone are 2526 (upper GB weekly bracket half back) and 2524 (upper US pit weekly bracket half back), then 25122 and specially 2548. Far above we have 26345, 26732 and finally 27057. While far below we have 24436.
Ubi maior minor cessat
  • #4,076
  • Apr 3, 2017 3:38am Apr 3, 2017 3:38am
Quoting Lock
17/04/03 MONDAY 08:25+1GMT (edited 8:40) EARLY MORNING REPORT ... ... and the price zone from 25075 to next GB open will become a triple pass gap (as it will overlap both the previous gap downside from March 28-29 and the older gap upside from 03.24-27) If so, considering that a triple pass gap is rarely left unfilled we could experience a correction in the direction of 25075. I'm not saying it has to do it, but it is very possible. ...
Triple GB gap filled down to 25075. Now we could reverse to fill the left portion of it upside up to 2542 or we could continue to the composite poc 2481. Note that the new GB gap upside from Friday is still in place and we still are far above Friday GB spike base at 2467.
Ubi maior minor cessat
  • #4,077
  • Apr 3, 2017 8:51am Apr 3, 2017 8:51am
Quoting Lock
17/04/03 MONDAY 08:25+1GMT (edited 8:40) EARLY MORNING REPORT... Consider anyhow that price is currently balancing above the major composite poc at 2481 and if price will break downside from current overnight range to much the possibility to be attracted by this volume pole are high.
As you see price finally reached 2481 and bounced from there during preUS. It is still a potential price attractor even for pit session. So if pit session will not be accepted inside overnight range (where it is currently) watch out for a new test of it (2481) If instead you will see continuation upside and acceptation here, we may see pit session go upwards in order to remove the 2 poor high at 25475 and 2556.

Then remember also this:

Quoting Lock
Furthermore Friday pit session left 2 minus development during its run upwards and these zones could attract price also during upcoming pit session. Finally note that Friday pit session made a pull back low test with its M period at 25215: this will be our major reference for upcoming pit session this afternoon. .....
Ubi maior minor cessat
  • #4,078
  • Apr 3, 2017 9:54am Apr 3, 2017 9:54am
Note that currently we have 3 pit poor highs at 25155, 25475 and 2556. Plus we have today GB poor high at 25365 and today Tokyo poor high at 25535. So we got 5 poor highs all together above. From here it could do 2 things: liquidate significantly, assuming that all these poor highs mean lack of buyers (inventories too long) or go upwards and take them all out.
Ubi maior minor cessat
  • #4,079
  • Apr 3, 2017 10:09am Apr 3, 2017 10:09am
Quoting Lock
{quote} As you see price finally reached 2481 and bounced from there during preUS. It is still a potential price attractor even for pit session. So if pit session will not be accepted inside overnight range (where it is currently) watch out for a new test of it (2481) If instead you will see continuation upside and acceptation here, we may see pit session go upwards in order to remove the 2 poor high at 25475 and 2556. Then remember also this: {quote}
As you see...
Ubi maior minor cessat
  • #4,080
  • Apr 4, 2017 1:24am Apr 4, 2017 1:24am
Quoting Lock
Note that currently we have 3 pit poor highs at 25155, 25475 and 2556. Plus we have today GB poor high at 25365 and today Tokyo poor high at 25535. So we got 5 poor highs all together above. From here it could do 2 things: liquidate significantly, assuming that all these poor highs mean lack of buyers (inventories too long) or go upwards and take them all out.
As you see some seconds after my post it started a significant liquidation. So the correct reading of those poor highs was: no more buyers. Now: the mid term auction there is incomplete. So when and if we will find buyers those levels above will be clearly targets. Because in order to complete the auction we need to find serious sellers somewhere above them.
Ubi maior minor cessat
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