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Mr. Scott's Crayon Thread

  • #621
  • May 31, 2015 10:17am May 31, 2015 10:17am
Quoting Mr. Scott
Ok so GN came up, I will post couple. Not my favorite at the moment, they are some larger ones in play, AN has large daily crab posted around here.... {image} {image}
Hi Scott,

Have been watching A/N setup as well, what levels do you have? I had a short level in around 78 and actually shorted from between 76 and 78. Don't know if it will work out but shooting for a longer term target below.

prefer E/N over G/N. Waiting for EUR to hit my upside zone to look to sell E/N
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  • #622
  • May 31, 2015 10:24am May 31, 2015 10:24am
Quoting squawk
{quote} Hi Scott, Have been watching A/N setup as well, what levels do you have? I had a short level in around 78 and actually shorted from between 76 and 78. Don't know if it will work out but shooting for a longer term target below. prefer E/N over G/N. Waiting for EUR to hit my upside zone to look to sell E/N {image}
EN, look daily
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #623
  • May 31, 2015 10:28am May 31, 2015 10:28am
Quoting Mr. Scott
{quote} On UC, I had rather precise ab cd and butterfly. Also had 78.6 confluence and bat, think they are posted here. UJ same. IMO, offered two entries. Close above negates level/pattern, and we look to exit. Guess exit would depend on plan. Larger tf can reduce position size and give more room or look to be more precise.
No worries thanks Scott.

Re U/C I'm in that trade but averaged in from 246 to 250. UJ I cut for -30 just over exposed with CAD and others and just had not reference point for me with the new highs. I think its def on its last extension for time being but probably prefer to look again later.
  • #624
  • May 31, 2015 10:29am May 31, 2015 10:29am
Quoting squawk
{quote} Hi Scott, Have been watching A/N setup as well, what levels do you have? I had a short level in around 78 and actually shorted from between 76 and 78. Don't know if it will work out but shooting for a longer term target below. prefer E/N over G/N. Waiting for EUR to hit my upside zone to look to sell E/N {image}
She is at 161.8 now h4 swing.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #625
  • May 31, 2015 10:35am May 31, 2015 10:35am
Quoting Mr. Scott
{quote} EN, look daily {image}
I like this setup a lot.
  • #626
  • May 31, 2015 10:36am May 31, 2015 10:36am
Thanks for all the great charts guys.

Inserted Video
The world you desire can be won. It exists.. it is real.. it is possible..
  • #627
  • May 31, 2015 10:41am May 31, 2015 10:41am
Quoting squawk
{quote} Hi Chris, think there is a big upside on this pair coming. Don't know if you are thinking the same. I'm thinking a good pullback will give a great entry long PS should elaborate I have an ATR calculation that I mainly use as an exit when first get into a setup. I know you guys don't use it but I use tick volume previous and current day also.
I am Squawk. Bullish longer term and only looking for correction(s) atm. Lots of pips in them for intraday as they are usually wild and rangy for a bit. Not for the faint of heart (I've learned ) and need to be prepared to bail quickly sometimes.

Ohhhh my friend, you need to look back in the Corner. I'm BIG on ticking ... .... on both bars and totals.
Ghost Rider - WWTBMD?
  • #628
  • May 31, 2015 10:44am May 31, 2015 10:44am
Quoting Mr. Scott
{quote} EN, look daily {image}
... Just waiting on the EUR ....
Attached Image


Anyway I gotta run folks. Need to fix an AC unit and then run the final leg of Ethernet into the pool room for streaming music at the DJ booth.

I see many posts since my last charts I'll have to look at. Sorry If I repeated anyone else's .... ... lol

Enjoy the weekend
Ghost Rider - WWTBMD?
  • #629
  • May 31, 2015 10:44am May 31, 2015 10:44am
Quoting squawk
{quote} I like this setup a lot.
Yes very nice but....

Inserted Video
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #630
  • May 31, 2015 10:47am May 31, 2015 10:47am
Quoting Mr. Scott
{quote} She is at 161.8 now h4 swing. {image}
Good chart Scott. My trading plan is the play out of the ABCD retrace extension. May or may not work that's my plan for this pair before going long again if it plays out.

Could be in a bit early though?But my indicator told me sooo
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  • #631
  • May 31, 2015 10:54am May 31, 2015 10:54am
Quoting Mr. Scott
{quote} Yes very nice but.... https://youtu.be/bjSpO2B6G4s {image}
Scott I agree, I think this is start of corrective move longer term but technically it is still under a lot of price on an over extended move. Just my thought and thinking.

Love the Tune..
  • #632
  • May 31, 2015 10:58am May 31, 2015 10:58am
Quoting albchr
{quote} I am Squawk. Bullish longer term and only looking for correction(s) atm. Lots of pips in them for intraday as they are usually wild and rangy for a bit. Not for the faint of heart (I've learned ) and need to be prepared to bail quickly sometimes. Ohhhh my friend, you need to look back in the Corner. I'm BIG on ticking ... .... on both bars and totals.
Yeah I know I remember your tick charts.. was going to bump you the other day, the corner was pushing to page 3. See ya Chris
  • #633
  • May 31, 2015 10:58am May 31, 2015 10:58am
See ya Scott.
  • #634
  • May 31, 2015 10:59am May 31, 2015 10:59am
Quoting squawk
{quote} Scott I agree, I think this is start of corrective move longer term but technically it is still under a lot of price on an over extended move. Just my thought and thinking. Love the Tune..
Yes, thanks squawk. Like the setup, just looking larger and

Figure the words make sense....something happening here...
The world you desire can be won. It exists.. it is real.. it is possible..
  • #635
  • May 31, 2015 11:08am May 31, 2015 11:08am
Quoting Mr. Scott
{quote} Yes, thanks squawk. Like the setup, just looking larger and Figure the words make sense....something happening here...
May be more apt for my setup thought... good old Supertramp. now I have to go... Yard work calls.

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  • #636
  • May 31, 2015 11:09am May 31, 2015 11:09am
Quoting squawk
{quote} Yeah I know I remember your tick charts.. was going to bump you the other day, the corner was pushing to page 3. See ya Chris
Thanks for the thought buddy.

I do believe the Corner has served it's purpose though. I learned much and a really ... REALLY fine group of folks seems to have assembled from the seed of my humble little journal. All things come to an end. After all ..... if there's no end, there can be no beginning.

Inserted Video
Ghost Rider - WWTBMD?
  • #637
  • May 31, 2015 11:11am May 31, 2015 11:11am
Quoting albchr
{quote} Thanks for the thought buddy. I do believe the Corner has served it's purpose though. I learned much and a really ... REALLY fine group of folks seems to have assembled from the seed of my humble little journal. All things come to an end. After all ..... if there's no end, there can be no beginning. https://www.youtube.com/watch?v=bukX2Utz1kc
Chris why are you so smart.....
  • #638
  • May 31, 2015 11:16am May 31, 2015 11:16am
Quoting squawk
{quote} Chris why are you so smart.....
My folks were. They taught me early on to surround myself with people much smarter than me. So you see my friends, it's all of you who are partly blame.

Ok, really gotta go now. I'm so bad sometimes ....
Ghost Rider - WWTBMD?
  • #639
  • May 31, 2015 12:39pm May 31, 2015 12:39pm
Quoting squawk
{quote} I like this setup a lot.
Hi Squwk
In my view few things are against shorting this now.
1. 78.6 fib violated already by 40pips.According to Scott Carney 78.6 is last chance for correction and violation of this negates the pattern (could still go south)
2.Fundamental factor such as Greece bail out and historical low EU at the moment
Market is poised to go bull impulse on Euro as soon as Greece crises is resolved and it will get resolved by June 5th
So looking at left of the chart there is plenty room to go higher.
RSI daily has not reached above 80 and usually turns above 80-90
Anyway this is my thinking process.
regards
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In trading, you have to be defensive and aggressive at the same time
  • #640
  • May 31, 2015 12:51pm May 31, 2015 12:51pm
Furthermore TL is still intact
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In trading, you have to be defensive and aggressive at the same time
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