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Mr. Scott's Crayon Thread

  • #10,561
  • Oct 11, 2017 7:00am Oct 11, 2017 7:00am
Quoting Mr. Scott
{quote} Don't forget to tm "and I'll take that"
Good thinking. I'll highlight it in yellow for good measure.
It's all about bucks, kid. The rest is conversation.
  • #10,562
  • Oct 11, 2017 7:13am Oct 11, 2017 7:13am
Quoting Lalu
Evening amigos, Here's a crayon classic. The Butterbat. {image}
Missed me yesterday but just got a crack at the 1.272 butterfly test. Going for 13k.

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It's all about bucks, kid. The rest is conversation.
  • #10,563
  • Oct 11, 2017 7:30am Oct 11, 2017 7:30am
some uj Janet expected to continue to justify hike, already 90%
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,564
  • Oct 11, 2017 7:33am Oct 11, 2017 7:33am
Quoting Mr. Scott
some uj Janet expected to continue to justify hike, already 90% {image}
I'm on this Pair Too.
  • #10,565
  • Oct 11, 2017 7:42am Oct 11, 2017 7:42am
Quoting Mr. Scott
some uj Janet expected to continue to justify hike, already 90% {image}
Thanks for the heads up. Closing dax. With Janet coming into focus again later I think I'll just scalp.
It's all about bucks, kid. The rest is conversation.
  • #10,566
  • Oct 11, 2017 3:50pm Oct 11, 2017 3:50pm
Quoting Mr. Scott
{quote} Trade what you see was great book but can not forgot about the harmonic on harmonic crime.... https://harmonictraitors.wordpress.c...rry-pesavento/

Daaaamn.. I spend 2.5 hours watching this guys videos and he's a crook.. harsh beans Mr Larry Sir... Harsh beans indeed.

I actually enjoyed the videos; the astro stuff was a little outside of my comfort zone but each to there own.

Thank you for sharing, insightful.
  • #10,567
  • Oct 11, 2017 8:06pm Oct 11, 2017 8:06pm
Quoting Talzus
{quote} Daaaamn.. I spend 2.5 hours watching this guys videos and he's a crook.. harsh beans Mr Larry Sir... Harsh beans indeed. I actually enjoyed the videos; the astro stuff was a little outside of my comfort zone but each to there own. Thank you for sharing, insightful.
They had their disagreement, Mr C can trade. But Larry wrote some good stuff, Trade What You See is an excellent book.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,568
  • Oct 11, 2017 8:12pm Oct 11, 2017 8:12pm
some gu see what I can do....
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,569
  • Oct 11, 2017 8:14pm Oct 11, 2017 8:14pm
don't ask what the pattern is just know it high probability
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,570
  • Oct 11, 2017 8:16pm Oct 11, 2017 8:16pm
wonder if Squawk gonna get some.....
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,571
  • Edited 11:32pm Oct 11, 2017 11:02pm | Edited 11:32pm
Quoting Mr. Scott
don't ask what the pattern is just know it high probability {image}
but think another spike to 120 is possible. The only problem I have with it is the B leg if it is one doesn't feel deep enough for the distance of current trend. If it breaks through, looks like125? the deeper larger pattern is still possible. Will wait for the signal and follow the process on this one.
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  • #10,572
  • Edited Oct 12, 2017 12:11am Oct 11, 2017 11:09pm | Edited Oct 12, 2017 12:11am
Quoting Mr. Scott
wonder if Squawk gonna get some..... {image}
Closed all short on this pair, flat and staying out at the moment. I prefer up top for a sell and down below for a buy but the buying op could come here. But it is losing its goldilocks status with the benefit of the OCR spread disappearing. If it could only pop back up to 92.50, 93.00. That's my trade again.
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  • #10,573
  • Oct 11, 2017 11:27pm Oct 11, 2017 11:27pm
A couple of EU from a few weeks ago gives a closer look at order flow and volatility changing momentum at the 120 and areas to watch for existing positions.
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  • #10,574
  • Oct 11, 2017 11:59pm Oct 11, 2017 11:59pm
as usual nice charts @squawk

EU is at decision area. nice structure at current levels maybe +30 pips and fall or continue up above 1.192 back to more push up or possible fall from 1.19. we have draghi later in the day ,lets see how it shapes up.
https://www.tradingview.com/x/jaAVkqCz/
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  • #10,575
  • Oct 12, 2017 2:03am Oct 12, 2017 2:03am
Quoting Mr. Scott
some gu see what I can do.... {image}
Nice boss nice well done B
  • #10,576
  • Oct 12, 2017 7:47am Oct 12, 2017 7:47am
eu

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It's all about bucks, kid. The rest is conversation.
  • #10,577
  • Oct 12, 2017 9:47am Oct 12, 2017 9:47am
Quoting Lalu
{quote} Thanks for the heads up. Closing dax. With Janet coming into focus again later I think I'll just scalp.
I stopped following news because I found it diverted me from my plan with generally negative results. Yesterday was a reminder when I bottled it on finding out about Yellen having a word or two to say. Oh well, I don't think ever stop tripping up in trading, you just get quicker at moving on.

Looking at this now.

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It's all about bucks, kid. The rest is conversation.
  • #10,578
  • Oct 12, 2017 2:27pm Oct 12, 2017 2:27pm
Quoting squawk
{quote} Like it Scott similar. {image}
Don't know if you got this trade, Scott? Good move going to look to add short back in to see if we can get some momentum to down. Further above may be there. The more Brexit carries on the more you have to be sceptical, one will it ever happen? and two, if so push it out to years ahead limiting the drama.

I've always been sceptical of Brexit going ahead and I think it's a 50 - 50 that it will even happen now.

You have to love the daily volatility moves when they come (classic Price action trading). Some thoughts for continued move down if today's orders hold.
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  • #10,579
  • Oct 12, 2017 3:06pm Oct 12, 2017 3:06pm
Quoting ssaqeel
as usual nice charts @squawk EU is at decision area. nice structure at current levels maybe +30 pips and fall or continue up above 1.192 back to more push up or possible fall from 1.19. we have draghi later in the day ,lets see how it shapes up. https://www.tradingview.com/x/jaAVkqCz/ {image}
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  • #10,580
  • Edited 4:32pm Oct 12, 2017 3:52pm | Edited 4:32pm
Evening Ladies and Gents,

A small question to clarify understanding if I may.

I'm trying to get my nugget around harmonic ratios.

Let's say point A is 1.328 (this is all made up btw) and point B is 1.300

total 28 points. 28x0.618 = 17.

Retracement target is 1.317. which is point C ?

I am sure there is a simple way to do it with just using Fibo retracement levels, but I prefer to understand the concept before I utilise tool for speed.

apologies for the simple question; I just want to build on a strong foundation of understanding.

As an afterthought, would it be a good idea to make a spreadsheet with the ratios on. That way, I can add A + B to the spreadsheet and I would be able to quickly calculate the price for the retracements and extensions? or am I overcomplicating it?

thanks
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