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Mr. Scott's Crayon Thread

  • #10,581
  • Oct 12, 2017 5:37pm Oct 12, 2017 5:37pm
Quoting squawk
{quote} 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...
pretty sure chart is around here but...
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  • #10,582
  • Oct 12, 2017 5:38pm Oct 12, 2017 5:38pm
Quoting Talzus
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,...
sounds too complicated maybe try a chart not sure ab=cd
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  • #10,583
  • Oct 12, 2017 5:40pm Oct 12, 2017 5:40pm
I just like this chart and clearly we are in wave 5....guess still in 3 of 5.....
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  • #10,584
  • Oct 12, 2017 8:41pm Oct 12, 2017 8:41pm
Quoting Mr. Scott
some gu see what I can do.... {image}
well well some levels to work....

she does not like 786 usually but like location, will probably give these a whirl....
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  • #10,585
  • Edited 12:58am Oct 13, 2017 12:22am | Edited 12:58am
Quoting Mr. Scott
I just like this chart and clearly we are in wave 5....guess still in 3 of 5..... {image}
Great Chart Scott. I like to see something different. Have you read 4th turning? great book and relates to your subject graph. https://www.amazon.com/Fourth-Turnin...ds=4th+turning

Turnings in history. - http://www.lifecourse.com/assets/fil...history(1).pdf

Its all rational when you think of it in generations. You need not look any further than young adults growing up in the depression to the spendthrift, easy money concept of the new young adult of today. You need only look at the postmodern thinking of today and how far away that is from the modernism thoughts of their great Grand Parents and a similar concept to spending and credit habits between the generations. This really sets the framework up for that fourth turning or longer generational waves.

The new generations always think they surpass the past generation and have all the answers. From Modernism "view that focuses on rationalism, logic and science to Postmodernism - No neutral observers in the world. Everyone's perspective is through their own glasses, no rationalism, no logic. Just shows how far 3 -4 generations can become separated in thought and actions (including major war).

What you can also take from that chart is that every major decline and its inevitable turning back to growth was through war.

You also have to say and what seems unthinkable that if you got a 90% decline in the stock market again like we did in the depression that would bring you back to 2000 points. Could you imagine that today and what conflict that would cause through the financial stress to the world?
  • #10,586
  • Oct 13, 2017 1:56am Oct 13, 2017 1:56am
On the SPX every new range top after trump has pretty much coincided at or with a 100 figure.
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  • #10,587
  • Oct 13, 2017 2:11am Oct 13, 2017 2:11am
If you were a BITCOIN trader you would have to contemplate a short from here. Would be worth a shot.
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  • #10,588
  • Oct 13, 2017 3:15am Oct 13, 2017 3:15am
Quoting Lalu
BTCUSD {image}
Morlocks and Eloi (ish)
Here we come. Warehouses stuffed full of shrinking boned, expanding fleshed humans (see Wall-E but worse) linked up to the ‘matrix’ with their every need serviced from the comfort of their chair/pod. The alt- world will be their oyster and anything and everything is available for everyone at the flick of a switch. Which will make more room for the 10% who stay ‘outside’ to look after things and enjoy real steak. The mega cities will be claimed by wild nature and micro cities and small communities will emerge and the world will be our oyster. Bring it on.

P.S. Don’t buy this chair or you’re fkd.

http://altwork.com/

Also bitcoin hit the top of the channel. Good to know it exists.
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  • #10,589
  • Oct 13, 2017 4:06am Oct 13, 2017 4:06am
Quoting Lalu
{quote} Morlocks and Eloi (ish) Here we come. Warehouses stuffed full of shrinking boned, expanding fleshed humans (see Wall-E but worse) linked up to the ‘matrix’ with their every need serviced from the comfort of their chair/pod. The alt- world will be their oyster and anything and everything is available for everyone at the flick of a switch. Which will make more room for the 10% who stay ‘outside’ to look after things and enjoy real steak. The mega cities will be claimed by wild nature and micro cities and small communities will emerge and the...
That's Scary!! what the hell it's only $8500. I would be waiting for the upgrade model, the one that comes with inbuilt battery motor that I can drive down the street to grab a coffee?

It just scares me to think what the world will be like in 20 years time.

Forgot you posted the Bitcoin charts. The one thing I think about is if Bitcoin can make a move like this with no store of value then surely when the money moves to gold you could see a huge drive in gold to 5000.
  • #10,590
  • Oct 13, 2017 5:39am Oct 13, 2017 5:39am
Quoting squawk
On the SPX every new range top after trump has pretty much coincided at or with a 100 figure. {image}
Stairsteps to heaven indicative of real money and psychology....can't wait for the elevator to hell.....or I guess it should be highway...
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,591
  • Oct 13, 2017 6:22am Oct 13, 2017 6:22am
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Quoting Bones
{quote} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #10,592
  • Oct 13, 2017 8:20am Oct 13, 2017 8:20am
Sort of shark to shark on eu. Looking for 1930 and then higher. Eu all the way. Europe is the best.

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  • #10,593
  • Oct 13, 2017 8:23am Oct 13, 2017 8:23am
Here's one for you Scott. I reckon Lee Van Cleef would've made a top trader.

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It's all about bucks, kid. The rest is conversation.
  • #10,594
  • Oct 13, 2017 9:33am Oct 13, 2017 9:33am
Quoting Mr. Scott
some uj Janet expected to continue to justify hike, already 90% {image}
uj
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,595
  • Oct 13, 2017 9:40am Oct 13, 2017 9:40am
hi guys,

watching this on gold: green box direction maker for me now.
https://www.tradingview.com/x/do4nlMwb/
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  • #10,596
  • Oct 13, 2017 9:44am Oct 13, 2017 9:44am
Quoting Bones
{image}{quote}
hi Bones ,good to see you here
  • #10,597
  • Oct 13, 2017 9:56am Oct 13, 2017 9:56am
If I could see patterns I would post all I can do is read and try pick up things off you guys and your leader


Quoting ssaqeel
{quote} hi Bones ,good to see you here
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #10,598
  • Oct 13, 2017 12:55pm Oct 13, 2017 12:55pm
Quoting ssaqeel
hi guys, watching this on gold: green box direction maker for me now. https://www.tradingview.com/x/do4nlMwb/ {image}
ha ha Bones, they are in the same place
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,599
  • Oct 14, 2017 7:34am Oct 14, 2017 7:34am
Might be worth a shot, if anyone wants to draw daily tl that would be cool too....
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,600
  • Oct 14, 2017 7:40am Oct 14, 2017 7:40am
Quoting Mr. Scott
{quote} well well some levels to work.... she does not like 786 usually but like location, will probably give these a whirl.... {image}
ha ha I am not crazy, left this one out as wanted some bigger movement based on data...still worth 50 or so, I chose uj

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The world you desire can be won. It exists.. it is real.. it is possible..
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