Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Crayon Trend Lines 14 replies

Scott's Journal 25 replies

Attachments: Mr. Scott's Crayon Thread
Exit Attachments

Mr. Scott's Crayon Thread

Quoting squawk
EC Chart {image}
Hi Squawk still miss Mr S,,, what are you thoughts on gold please looking at this chart it is going down unless it breaks out of the box,,but look left,,,a nod to Mr S,,,,we can see the more unless same look, and the line through the 50 ema in both yellow ,,Cheers and Regards as ever E
Attached Image (click to enlarge)
Click to Enlarge Name: chart (5).png Size: 99 KB
Attached Image (click to enlarge)
Click to Enlarge Name: chart (6).png Size: 119 KB
  • Post #13,063
  • Quote
  • Edited Aug 10, 2021 5:01am Aug 9, 2021 11:39pm | Edited Aug 10, 2021 5:01am
Quoting elbert3
{quote} Hi Squawk still miss Mr S,,, what are you thoughts on gold please looking at this chart it is going down unless it breaks out of the box,,but look left,,,a nod to Mr S,,,,we can see the more unless same look, and the line through the 50 ema in both yellow ,,Cheers and Regards as ever E{image}
Hi Elbert, yeah it would be good to see Scotty around some time but suspect hes doing other things these days.

GOLD has been a frustrating trade for the last few years or so. My best trade came in Silver when the ratio with Gold had pushed out to extremes. I have had a few trades that looked liked they were getting a start the last couple of months only to have them return and drop me out at BE.

Long term strong level 1790ish and 1530ish

I have these charts and your levels both hit the long term areas well. Big break down yesterday to the lower end and may be a recovery here after capitulation from yesterday. I think if it breaks through here then 1500ish would be a strong buy.

All the best buddy.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2021-08-10_06-37-42.png Size: 210 KB
Click to Enlarge Name: 2021-08-10_06-39-25.png Size: 136 KB
Click to Enlarge Name: 2021-08-10_06-40-07.png Size: 139 KB
Quoting squawk
{quote} Hi Elbert, yeah it would be good to see Scotty around some time but suspect hes doing other things these days. GOLD has been a frustrating trade for the last few years or so. My best trade came in Silver when the ratio with Gold had pushed out to extremes. I have had a few trades that looked liked they were getting a start the last couple of months only to have them return and drop me out at BE. Long term strong level 1790ish and 1530ish I have these charts and your levels both hit the long term areas well. Big break down yesterday to the...
Hi Squawk thanks for the reply but it answered itself with the big sell on sunday night ,which i was on and if you see the chart it hit a big 61,8 fib where LOL Mr Soott would of had his tp i did not catch all but i bought into the trade and tp ai 1737 were i now have a sell,target 1550 and wait for it 1375 , now that would be a good buy,, i know you trade metals , look at the month chart platinum , let me know if you see doji for a good possible buy,,thanks again GGL and regards E
Attached Image (click to enlarge)
Click to Enlarge Name: 0DD4FAF4-549D-41F3-BEB2-A3F5A6B62F56.png Size: 695 KB
Quoting squawk
{quote} Hi Elbert, yeah it would be good to see Scotty around some time but suspect hes doing other things these days. GOLD has been a frustrating trade for the last few years or so. My best trade came in Silver when the ratio with Gold had pushed out to extremes. I have had a few trades that looked liked they were getting a start the last couple of months only to have them return and drop me out at BE. Long term strong level 1790ish and 1530ish I have these charts and your levels both hit the long term areas well. Big break down yesterday to the...
the 161 ext mmm i have GU target 2450 area so it could lol ????? be possible,, then big up to 6500 in a years time,, the avitar box has a gap at 6500 lol,,its been there years now,, so never chase gaps ,,regards E
Quoting elbert3
{quote} Hi Squawk thanks for the reply but it answered itself with the big sell on sunday night ,which i was on and if you see the chart it hit a big 61,8 fib where LOL Mr Soott would of had his tp i did not catch all but i bought into the trade and tp ai 1737 were i now have a sell,target 1550 and wait for it 1375 , now that would be a good buy,, i know you trade metals , look at the month chart platinum , let me know if you see doji for a good possible buy,,thanks again GGL and regards E
Hi Elbert, I agree with you and think Platinum is undervalued at the moment, turning and testing extended lows. For me it represents good buying opp at the moment above gold.

https://www.tradingview.com/chart/wXbKYT4C/
Quoting squawk
{quote} Hi Elbert, I agree with you and think Platinum is undervalued at the moment, turning and testing extended lows. For me it represents good buying opp at the moment above gold. https://www.tradingview.com/chart/wXbKYT4C/
morning ,,well if your in it good luck i have a small trade in it,,regards
Quoting squawk
{quote} EG may be coming into an end taken all out here and just waiting. Trade doe not really have any edge at the moment. {image} {image}
EG was a great short trade in 2021 and now EG moving into an area thats looking interesting for possible longs.

https://www.forexfactory.com/attachm...1&d=1616481812
Attached Image (click to enlarge)
Click to Enlarge Name: e802b701fb258c4b762ca157d92c6346.png Size: 202 KB
Attached Image (click to enlarge)
Click to Enlarge Name: B955845B-3161-425B-8F81-CEA4F6882088.png Size: 529 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 5E57473C-7F7C-4324-AE16-40E0C29730E5.png Size: 558 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 6468A636-9C08-4886-87C3-8261DB775930.png Size: 515 KB
morning just thoughts on this might be a bit early for a trade on the small tl or see how it goes around this area . Long or shorts but it’s been in the new now as it could take over Bitcoin in the long run .?! So a nice confirm her could be a good in or for a retrace and look back again once the levels and with a fib .. regards E
Quoting elbert3
{image}{image}{image}morning just thoughts on this might be a bit early for a trade on the small tl or see how it goes around this area . Long or shorts but it’s been in the new now as it could take over Bitcoin in the long run .?! So a nice confirm her could be a good in or for a retrace and look back again once the levels and with a fib .. regards E
Nice trade E.
Holding my longs in gold here but a key area for reversal 1790 - 95
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2021-08-10_06-37-42.png Size: 210 KB
Click to Enlarge Name: 2021-08-10_06-39-25.png Size: 136 KB
Click to Enlarge Name: 2021-08-14_07-08-41.png Size: 127 KB
Click to Enlarge Name: 2021-08-14_07-09-30.png Size: 173 KB
Click to Enlarge Name: 2021-08-19_06-56-04.png Size: 169 KB
EU Couple of areas I like the repurchase of Euros.
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-08-19_07-04-47.png Size: 284 KB
USD/CAD and Crude
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2021-08-16_15-39-25.png Size: 163 KB
Click to Enlarge Name: 2021-08-19_07-14-48.png Size: 205 KB
Click to Enlarge Name: 2021-08-19_07-31-36.png Size: 189 KB
Quoting squawk
Coffee all out one of my best trades for the year. Most soft commodities have put gold to shame. {image} {image}
Coffee has no directional advantage now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2021-07-28_17-00-47.png Size: 204 KB
Click to Enlarge Name: 2021-08-19_07-24-44.png Size: 181 KB
NATGAS is another to keep an eye on. normally lags crude moves. Looks like maybe another possible flush-out move to upside is needed.
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-08-19_07-25-58.png Size: 205 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 387A5EE2-9B1E-4B47-9A64-03F9D3AD3885.jpeg Size: 278 KB
[quote=squawk;13673208]Holding my longs in gold here but a key area for reversal 1790 - 95 {image} {image} {image} {image} {image}[/morning . In short on gold and look at my ethusd I will do a full chart later , still in bed now lol regards
https://www.dailyfx.com/forex/techni...ly-Losses.html Might find some interesting read
Quoting squawk
NATGAS is another to keep an eye on. normally lags crude moves. Looks like maybe another possible flush-out move to upside is needed. {image}
Hi, NATGAS looks as if its about to start a new trend.

this is what i can see with possible targets.

we have what seems to be a confirmed Marubozu candlestick.

The last time a Marubozu candlestick formed was 1 Nov 2020 and afterward NATGAS moved DOWN +-17% to its 50 week ema . The uptrend from 28 June 2020 preceding the candle formation was +-66%. The uptrend starting from 11 April 2021 which ended at the current candlestick formation on 15 august 2021 was +-43%.

This time around the distance to its 50 week ema is +-25% below... only time will tell if it will behave in a similar way it has in the past.

daily chart and possible targets on the 4HR.

A sign of relative weakness- the daily RSI is below the 50line and it recently failed to close below its daily 50ema.

possible targets on the 4HR - previous resistance likely to act as support -2 thin black lines are +-12 and 18% below.

The thick green line is the +- 25% current position of the weekly 50ema.

I have a Strong feeling it will break the support line it tested on Thursday which coincidentally is its 50ema too.

i will sell some NATGAS next week just not sure of an appropriate stop loss.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ngas-d1-forex-capital-markets-3.png Size: 62 KB
Click to Enlarge Name: ngas-h4-forex-capital-markets.png Size: 62 KB
Click to Enlarge Name: ngas-w1-forex-capital-markets.png Size: 55 KB
Trend_Masters
Quoting squawk
NATGAS is another to keep an eye on. normally lags crude moves. Looks like maybe another possible flush-out move to upside is needed. {image}
Flush out GAP up in crude. This area def warrants a look for shorts. But could bounce around here I think.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2021-08-30_17-16-03.png Size: 194 KB
Click to Enlarge Name: 2021-08-30_17-16-44.png Size: 149 KB
Quoting squawk
AN nice setup to wait for if it gets there. {image}
AN moving down into zone. Things to keep in mind are that AUS's main states have been in lockdown and quite possible next figures to come out of AUS will be negative and NZ is expected to be the first to raise rates so their lockdown figures will affect their currency more than others. This could be a slow burn back to 105 - 106 over the coming months with a possible downside. Scaling in for a long trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2021-07-28_16-57-28.png Size: 251 KB
Click to Enlarge Name: 2021-09-01_16-32-20.png Size: 196 KB
1 trader viewing now