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Mr. Scott's Crayon Thread

  • #12,401
  • Jul 23, 2018 2:27am Jul 23, 2018 2:27am
Quoting Lalu
{quote} Nice one squawk but you just got lucky, again. Personally I don't know how much more of this unpredictable chaos I can take. {image}
Hey Amigo I didn't see your lucky comment...... Yeah your probably right.
  • #12,402
  • Edited Jul 24, 2018 1:42am Jul 23, 2018 2:56am | Edited Jul 24, 2018 1:42am
Quoting Mr. Scott
{quote} I tend to agree. I am still undecided. Every day, I give Twee an opportunity, a little rope. Instill of pulling on it, he keeps hanging himself. The problem is why should I contribute free high quality professional content to a website that is intolerant, toxic, and run by incompetent people? So far, they are on the wrong side of history. ....
The role of the broker intermediary & the inherency of conflict of interest this represents with the trader

Not that I've wondered the halls howling and gnashing my teeth at the conundrum presented by the rather poor content and conduct within the (sic) hallowed halls of FF. It does seem however that if a person were to unpack the Broker Intermediary agreements between FF and the supporting brokerage houses one would discover that:

1. FF probably has and relies on Broker Intermediary agreements.
2. These agreements would be based on the supposition that this is an environment which induces trading by supplying ideas and “training opportunities”, such as they are.
3. FF probably doesn’t need to agree to a “standard of education”
4. If 1 or all of the above points are true then Twee’s job is to provide content and to “induce” traders to open and close positions.
5. One would therefore easily deduct that FF at its heart and core in-fact has a conflict of interest (however grey) with the traders here present.

This explains why there is little regard for poor content, unruly behaviour and only limited corrective discipline action.

None of the above could or would be specifically admitted in this environment as there doesn’t appear to be a specific conflict of interest policy or requirement for Forex Factory. This does beg the question but given the traders freedom to use or ignore the site, I suppose this might be raised in defence by any staff member or owner of FF. I couldn’t begin to comment on the legality of this issue given the complexities of US federal laws vs state laws vs the STC but I’m sure it would make for an entertaining enquiry.

In summation FF has a conflict of interest with the members of FF disclosed or otherwise, the sheer presence of the site and forums creates a conundrum for both user, broker and FF as venue.

All parties should enter into their discussions with the above in clear view.
  • #12,403
  • Jul 23, 2018 5:21am Jul 23, 2018 5:21am
Quoting squawk
Not saying that the Yuan has finished De-valuing but this trade setup coming up might be nice. {image}
Back in Yuan see if it runs my way.
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  • #12,404
  • Jul 23, 2018 9:28am Jul 23, 2018 9:28am
Quoting squawk
DB holding gains last few days. 9 the bottom? Book value remains below but no one really measures a bank on book value. Most smart money is going to value the bank on increased earning such as we had a few days ago https://www.reuters.com/article/us-d...-idUSKBN1K60UU lets hope the reality is true. Increased earnings, end of EU QE, coming steeper yield curve would say this is the smart area to get in. Trading below Tangible Book, Increased earnings forecast and...
an informed and intelligent post (rare on forex facebook). agreed - earnings are the main drivers. letīs say db is likely to show earnings on that level from now on - what do you think the share can do? if indices are just steady, i think back to 17,50 is a possible goal (2017 high) which would equal around +75% from where i bought...
fortis fortuna adiuvat
  • #12,405
  • Jul 23, 2018 2:24pm Jul 23, 2018 2:24pm
Quoting deltaone
{quote} an informed and intelligent post (rare on forex facebook). agreed - earnings are the main drivers. letīs say db is likely to show earnings on that level from now on - what do you think the share can do? if indices are just steady, i think back to 17,50 is a possible goal (2017 high) which would equal around +75% from where i bought...
Yep last swing and break off would technically issue a double bottom longer term.
  • #12,406
  • Jul 23, 2018 5:41pm Jul 23, 2018 5:41pm
Quoting squawk
{quote} Yep last swing and break off would technically issue a double bottom longer term.
as always, time will tell. holding dbk for clearly higher goals.
fortis fortuna adiuvat
  • #12,407
  • Jul 23, 2018 6:40pm Jul 23, 2018 6:40pm
Quoting deltaone
{quote} an informed and intelligent post (rare on forex facebook). agreed - earnings are the main drivers. letīs say db is likely to show earnings on that level from now on - what do you think the share can do? if indices are just steady, i think back to 17,50 is a possible goal (2017 high) which would equal around +75% from where i bought...
The troll that has no understanding how I trade decides to open a thread bashing it.Talk about an idiot commenting on book not read.
Do you realize simpleton you are posting in Scott's thread whom you have on ignore?You could at minimum show some respect to thread starter!
freeloader on top of being a troll.
Get your troll priorities in order because you are all over the place!
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In trading, you have to be defensive and aggressive at the same time
  • #12,408
  • Jul 24, 2018 3:03am Jul 24, 2018 3:03am
Quoting Lalu
bitcoin's at an interesting level. 382/batshark/trend reverse test versus H&S. There can be only one. http://https://www.youtube.com/watch?v=-bOKsOveYD0 {image}
Bitcoin broke through after a bit of a battle and now at alt/382 hurdle
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It's all about bucks, kid. The rest is conversation.
  • #12,409
  • Jul 24, 2018 8:25am Jul 24, 2018 8:25am
EN ..I'll be watching.
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  • #12,410
  • Jul 25, 2018 3:20am Jul 25, 2018 3:20am
Quoting Lalu
Looking for fres to test old cypher level {image}
fresnillo couldn't muster enough strength to get past old support so it's back into the flow of least resistance aka down. The next opportunity, that I can see, for a real turn around and not just a bounce, comes with a butterfly at the BRN (1000) ish.

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It's all about bucks, kid. The rest is conversation.
  • #12,411
  • Jul 25, 2018 5:55am Jul 25, 2018 5:55am
Quoting squawk
DB holding gains last few days. 9 the bottom? Book value remains below but no one really measures a bank on book value. Most smart money is going to value the bank on increased earning such as we had a few days ago https://www.reuters.com/article/us-d...-idUSKBN1K60UU lets hope the reality is true. Increased earnings, end of EU QE, coming steeper yield curve would say this is the smart area to get in. Trading below Tangible Book, Increased earnings forecast and...
might be interesting for you: q2 dbk data

https://www.db.com/newsroom_news/201...v-en-11647.htm

iīd say dbk is back on track. most likely it will never be again the flow monster, but in the long run, a more prudent business modell will help the share. sewing is the first german that leads deutsche since breuer and heīs not an investment banker. therefore, retail banking is on focus, and postbank is fully integrated now. iīm sure that within the next months, talks with labour representatives will start in order to reduce staff and costs further. capital and leverage ratios are getting better which will be good for the banks ratings, helping to improve refinancing conditions.

you mentioned that a merger between dbk and cbk is a logical next step and i agree - but first, deutsche has to enhance itīs it infrastructure. i think a merger is likely to happen, but not within the next 12 months. that will be no merger of equals and itīll be a takeover by share barter. i canīt see big problems with competition guardians in that case because of the market share of savings banks and credit unions.
fortis fortuna adiuvat
  • #12,412
  • Jul 25, 2018 9:21pm Jul 25, 2018 9:21pm
Different ways to draw this one but this is valid....
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #12,413
  • Jul 26, 2018 1:15am Jul 26, 2018 1:15am
Quoting Mr. Scott
Different ways to draw this one but this is valid.... {image}
Hi Scott I have remaining buys coming out there. I like a little above as well. Thinks GU has a good chance of breaking channel and swing.
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  • #12,414
  • Jul 26, 2018 1:43am Jul 26, 2018 1:43am
Market open GAP for face-book $160. Jesse-Felder tweeted the sell-off figures from Zuckerberg back on July 10. His selling goes most parabolic into the the last parabolic move of buying.
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  • #12,415
  • Jul 26, 2018 1:46am Jul 26, 2018 1:46am
Yuan looking for possible short again.
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  • #12,416
  • Jul 27, 2018 6:33am Jul 27, 2018 6:33am
Quoting Mr. Scott
{quote} https://youtu.be/OZr07AYWLSo If you are worried about tweets and post in news section, you can't read a chart....Little late posting as was doing Twee's job he has gotten better so I am still here.... {image}
Ea might be more fun
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #12,417
  • Jul 27, 2018 6:50am Jul 27, 2018 6:50am
Quoting Mr. Scott
{quote} Ea might be more fun {image}
GDP today can help
  • #12,418
  • Jul 27, 2018 8:48am Jul 27, 2018 8:48am
A/U only for fun chart
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  • #12,419
  • Jul 29, 2018 3:49am Jul 29, 2018 3:49am
Front covers of Barron's 6 years difference.
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  • #12,420
  • Jul 29, 2018 3:59am Jul 29, 2018 3:59am
If the BOJ YYC was to control the 10 year around zero to steepen the longer term bond yields then this 10Y chart will be interesting to watch next week.
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