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Mr. Scott's Crayon Thread

  • #10,081
  • Aug 9, 2017 12:16am Aug 9, 2017 12:16am
hi guys,

i am still on vacation but cant stay away from grabbing the pips.

Gold outlook based on my Clone levels. As per my levels ,1266 is next decision level ,a close above this level will give way for 127x . So far 1266.xx level is getting rejected on lower timeframes,if it gets rejected again on daily then we may see 1251 again(unless the NK drama makes gold as safe heaven).
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  • #10,082
  • Aug 9, 2017 12:34am Aug 9, 2017 12:34am
on gbpjpy, i got in at the 146 rejection and looking for 141.9x as possible target. Nothing to lose on this trade ,stops at breakeven . For intraday it may get back to 144 and continue its journey down . Also seeing potential bullish bat pattern ,to early for it but its matching with the levels n structure at potential D. lets see how it shapes up.
https://www.tradingview.com/x/xS1ypAU4/
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  • #10,083
  • Aug 9, 2017 5:38am Aug 9, 2017 5:38am
Quoting Mr. Scott
{quote} GJ was good level, guess depends on your style {image}
Ej same....
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,084
  • Aug 9, 2017 6:07am Aug 9, 2017 6:07am
Quoting Mr. Scott
{quote} EU FU close, weekly candle says it is ok now gu complete shark/ab cd, EG spinning top? {image}
guess can see levels on chart but cool to see where it came from
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,085
  • Aug 9, 2017 6:15am Aug 9, 2017 6:15am
Quoting Mr. Scott
EJ {image}
uh oh
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,086
  • Aug 9, 2017 6:25am Aug 9, 2017 6:25am
maybe have to sell some yen, wonder what nk gonna do today?

is ok won't be long if...
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,087
  • Aug 9, 2017 7:14am Aug 9, 2017 7:14am
Quoting Mr. Scott
maybe have to sell some yen, wonder what nk gonna do today? is ok won't be long if... {image}
good ones Scott. i m enjoying my ride on gj south. Staying away from gold these NK bs will rally gold ,2 risky to get into gold, so i m avoiding gold one for now.
  • #10,088
  • Aug 9, 2017 8:05am Aug 9, 2017 8:05am
Quoting Mr. Scott
{quote} Ej same.... {image}
gj
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,089
  • Aug 9, 2017 11:06am Aug 9, 2017 11:06am
Quoting Mr. Scott
{quote} well hello, I still want first one https://youtu.be/lLeCB7Kn-VE {image}
Think cypherish based on structure and pa, but sure sharkish, I no take, busy with gj, but I think weekly gonna say sell....

So cypher valid and good to buy and sell but shark there too....guess some would call it weekly support rather see where they come from and validity....guess you would need to come to my private room....that is tempting, must be a really useless sh*tshow
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,090
  • Aug 9, 2017 11:14am Aug 9, 2017 11:14am
Quoting Mr. Scott
{quote} Thank god I did not listen to them, let's see interesting chart..... expectation would be higher but has been significantly weakened to due retracement and location.... {image}
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,091
  • Edited 1:34am Aug 10, 2017 1:00am | Edited 1:34am
Quoting squawk
{quote} Do you think this will have any bearing Jim? Be interesting to see how it pans out. The currency, Technically Rand looks like it wants to break to upside. {image} {image} {image}
As always President Teflon and his now ultra corrupt band of goons have provided very serious financial head-winds.
The important failure of the ANC to take action means however that ultimately this story ends for Zuma and the ANC in 2019. The civil society movement to remove the ruling party has swelled to the point that in the last elections they lost all of the major cities including the capital. There is no battle strategy I know that includes that as a model.

I would expect S&P downgrades, more scandal and deeper economic woe as the economy is rated "junK' on the back of a "captured" and incompetent government. The fundamentals around the economy in real world terms are unchanged, as such after being economically so severely punished for having a government with poor fiscal skill and discipline, the masses will vote in an opposition cooperative who will serve them. Ultimately it's a good news story and is simply playing out the way it must in real time and patience is required. On the upside for me has been shorting the Rand 8/8 times during these votes with increased profitability.

Due to the external investment in our market, the weaker the rand the strong the market (within reason of course) so there is a direct correlation in terms of some trading strategies.

Top40 vs Rand (Monthly)

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  • #10,092
  • Aug 10, 2017 1:06am Aug 10, 2017 1:06am
Quoting squawk
Good chart showing global loan book for Res property. NZ not listed but similar to Australia. You have to wonder when consumer spending is making up 58% of GDP at the moment how when the purse strings tightens how much consumer spending will drop. Australia needs another commodities boom or its destined for a good recession. {image} {image} {image}
You know Im boggled to how the RBA, or the Markets think they can add 200 basis points to this (unless we get quick wage inflation). Remembering Aussie GDP is 58% consumerism. Again with all these dynamics, Oceania would have to be at the highest level for a recession in the world especially when foreign inflows won't invest at zero spread carry which is coming.

Australians mortgaged up to 12.2 times income (which is just staggering). So if you're on 100k you have a 1.2million mortgagee. Lets put 200 basis points on that.
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  • #10,093
  • Aug 10, 2017 3:44am Aug 10, 2017 3:44am
Another great chart that shows credit issues Australia.

Good read re China https://www.crescat.net/crescat-capi...etter-q2-2017/
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  • #10,094
  • Aug 10, 2017 5:59am Aug 10, 2017 5:59am
Quoting Mr. Scott
{quote} gj {image}
think get rid of line today...

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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,095
  • Aug 10, 2017 6:13am Aug 10, 2017 6:13am
Quoting Mr. Scott
{quote} nice job she has potential much higher {image}
gn
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,096
  • Aug 10, 2017 9:07am Aug 10, 2017 9:07am
Quoting Mr. Scott
{quote} Dax {image}
valid reaction nice bounce then continue
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,097
  • Aug 10, 2017 9:32am Aug 10, 2017 9:32am
Quoting ssaqeel
on gbpjpy, i got in at the 146 rejection and looking for 141.9x as possible target. Nothing to lose on this trade ,stops at breakeven . For intraday it may get back to 144 and continue its journey down . Also seeing potential bullish bat pattern ,to early for it but its matching with the levels n structure at potential D. lets see how it shapes up. https://www.tradingview.com/x/xS1ypAU4/ {image}
hi guys,

Update: atlast price close to first target 141.9 , break of that may give 139.8x which is the D of potential bullish bat pattern.
https://www.tradingview.com/x/1i65uyB6/
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  • #10,098
  • Aug 10, 2017 11:24am Aug 10, 2017 11:24am
Quoting Mr. Scott
{quote} think get rid of line today... https://youtu.be/StO4BrFYq98 {image} {image}
B says lower !!!
  • #10,099
  • Edited 12:49pm Aug 10, 2017 11:36am | Edited 12:49pm
Quoting Mr. Scott
{quote} think get rid of line today... https://youtu.be/StO4BrFYq98 {image} {image}
we took the bunker B you are welcome red lines gone

Quoting elbert3
{quote} B says lower !!!
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,100
  • Aug 10, 2017 5:02pm Aug 10, 2017 5:02pm
Quoting squawk
Some thoughts AU {image} {image}
Short but still looking for further down. See if RBA gives any momentum down or reverse.
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