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Mr. Scott's Crayon Thread

  • #61
  • May 19, 2015 11:47pm May 19, 2015 11:47pm
Quoting rythmrig
Appears to me U/J is incomplete on its 5 waves up? {image}
Something to keep in mind that UJ is basically managed currency by BOJ
They buy and sell based on overall currencies..Idea is keeping it balanced on 250pip range until fundamentals change.
Recent Japan economic news has been positive
In trading, you have to be defensive and aggressive at the same time
  • #62
  • May 19, 2015 11:56pm May 19, 2015 11:56pm
Quoting Davit
{quote} Something to keep in mind that UJ is basically managed currency by BOJ They buy and sell based on overall currencies..Idea is keeping it balanced on 250pip range until fundamentals change. Recent Japan economic news has been positive
didn't boj say they are releasing the tight reigns on inflation target?
Wooooohooooo or Boooooohooooo
  • #63
  • May 20, 2015 12:04am May 20, 2015 12:04am
Quoting gnomoneey
{quote} didn't boj say they are releasing the tight reigns on inflation target?
I know personally a banker directly who manages millions that Yen basically moves how BOJ want it to move.Their resources are vast.
They actively manage the Yen despite of their claim not doing so.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #64
  • May 20, 2015 2:45am May 20, 2015 2:45am
Pivot 3 gives quite different readings from most of the mt4 pivot indi's (not necessarily a bad thing of course).
  • #65
  • May 20, 2015 4:31am May 20, 2015 4:31am
Quoting Davit
{quote} Nice to see you post Chris Guys I just want to share this pivot indicator.It works amazing! Only issue is you can't put it in template and make a new template but dropping in on chart works. The precision is pretty nifty.Price stops correctly at 61% S specially. Like so on EU Just a tool to see where you can enter and exit. {image} {image} {file}
Hi Davit, thanks buddy. A bit sporadic for me lately due to circumstances but I try to pop in from time to time. ... Hey, what's with all those lines? ... ... lol
Ghost Rider - WWTBMD?
  • #66
  • May 20, 2015 5:18am May 20, 2015 5:18am
Hi to all.GBP/AUD Possible butterfly.Trade safe.Z
Also USD/TRY Bullish Bat. I am in this one.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 20.05.15-USDTRY-D1 Bat.PNG Size: 129 KB
  • #67
  • May 20, 2015 5:37am May 20, 2015 5:37am
NGAS, Nice Shark pattern+BEOB aka engulfing candle on D1. Searching for an entry on smaller time frame.Trade safe.Z
Attached Image (click to enlarge)
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  • #68
  • May 20, 2015 6:31am May 20, 2015 6:31am
Quoting gnomoneey
congrats Scott the "crayon man".....a lot of great members will surely come and contribute here
Thank you G, you are one of them. Feel free to throw down a chart, harmonics is not just patterns, although I like to draw pretty pictures with my crayons.
But tl's and fibs are too.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #69
  • May 20, 2015 6:50am May 20, 2015 6:50am
Quoting Zaho
Hi to all.GBP/AUD Possible butterfly.Trade safe.Z Also USD/TRY Bullish Bat. I am in this one. {image} {image}
Thank you Zaho. Yes, what to say? There is a whole sheetload here?

Crosses are good to look at as they offer clues even if you don't trade them.
Attached Image (click to enlarge)
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #70
  • May 20, 2015 6:54am May 20, 2015 6:54am
Ok I throw down UJ update from yesterday. Then off for trading and hopefully some volatility today, so not sure how much posting, we will see....

Little Hangover reference in the chart.
Attached Image (click to enlarge)
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #71
  • May 20, 2015 7:01am May 20, 2015 7:01am
PS, so look at pictures. This came up. How precise can we be? Zone or be d*ck for a t*ck?

Compare and contrast above, then we know.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #72
  • May 20, 2015 7:07am May 20, 2015 7:07am
Hello Mr. Scott,

thanks for this tread
here is my view on GPB/JPY, i think the final "blow off" is missing here, but im not sure.
appreciate your advice!

regards thodie
Attached Image (click to enlarge)
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just do it
  • #73
  • May 20, 2015 7:38am May 20, 2015 7:38am
Hey Mr Scott. Only have to visit one place for confluence now
Got the equipment just need some practice on the shapes

Attached Image (click to enlarge)
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Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #74
  • May 20, 2015 7:52am May 20, 2015 7:52am
Quoting thodie
Hello Mr. Scott, thanks for this tread here is my view on GPB/JPY, i think the final "blow off" is missing here, but im not sure. appreciate your advice! regards thodie {image}
Hi Thodie,

how are you? Long time, no see. So, people at the house, so maybe more posting today. I will throw down some charts on this one, she is a dangerous beast who I will only stalk and wait. Some have been posted before. When I look left monthly Took a little respite there as eu did crab.
Attached Image(s) (click to enlarge)
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #75
  • May 20, 2015 8:10am May 20, 2015 8:10am
Thanks for you answer,
was here all the time but not posting much because of time issues
just do it
  • #76
  • May 20, 2015 8:18am May 20, 2015 8:18am
So, this was respite, I took once, were you smart enough to take twice?
Attached Image (click to enlarge)
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #77
  • May 20, 2015 8:20am May 20, 2015 8:20am
gbp/usd
-heading to 1.64xx before drop to 1.42 - 1.35?

monthly
Attached Image (click to enlarge)
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weekly
-lots of confluence here 1.64xx
-tl
inverted hs
Attached Image (click to enlarge)
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Wooooohooooo or Boooooohooooo
  • #78
  • May 20, 2015 8:23am May 20, 2015 8:23am
Quoting Mr. Scott
So, this was respite, I took once, were you smart enough to take twice? {image}
took this only once
just do it
  • #79
  • May 20, 2015 8:34am May 20, 2015 8:34am
Quoting gnomoneey
gbp/usd -heading to 1.64xx before drop to 1.42 - 1.35? monthly {image} weekly -lots of confluence here 1.64xx -tl inverted hs {image}
Thanks G, I have some longer term charts on GU, but I need more information for higher but is possible.
Attached Image (click to enlarge)
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #80
  • May 20, 2015 9:02am May 20, 2015 9:02am
Quoting Mr. Scott
So, this was respite, I took once, were you smart enough to take twice? {image}
I took it at 1140ish and closed last at 1105.

Maybe early. Hard to hold a short for me, wanting to L 1014ish
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