Mr. Scott's Crayon Thread | Page 162 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Crayon Trend Lines 14 replies

Scott's Journal 25 replies

Attachments: Mr. Scott's Crayon Thread
Exit Attachments

Mr. Scott's Crayon Thread

  • #3,221
  • Oct 14, 2015 4:15pm Oct 14, 2015 4:15pm
Quoting Mr. Scott
{quote} Nice eye Mario. Also a 786 larger. Looking GU at h1 55.9/113 failure, one relevant. {image}
HI Mr Scott..
sorry I have a doubt about the D point!

in this example
you use the D point as target or entry point ?

I can say that in my case... ( today market conditions ) I used D point as target.
I enjoyed reading your opinion about the D point .
thank you
  • #3,222
  • Oct 14, 2015 8:32pm Oct 14, 2015 8:32pm
Quoting chess king
{quote} HI Mr Scott.. sorry I have a doubt about the D point! in this example you use the D point as target or entry point ? I can say that in my case... ( today market conditions ) I used D point as target. I enjoyed reading your opinion about the D point . thank you
Hi Chess King,

Yes, order flow down that 1618 was more of a target as I thought market might retrace there. Market did hesitate there but continued. Good news is market did what it should, used to continue and has now retested within last 10 minutes. If you were to use that 886 as target, that was viable and wise as you say due to market conditions.

A viable related strategy would be to target that 886 on break of 50, or 119.619.

UJ did what she is supposed to do and wont to do. She likes wick and that pattern still valid daily. Most would say don't break and still valid although I prefer more precise. GJ referred did offer but I was watching GU as mentioned. Had 559/113 confluence that I was watching and expected to fail. GJ was still tradeable there however. GU continue just miss 1618 but complete ab cd target.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,223
  • Oct 14, 2015 8:34pm Oct 14, 2015 8:34pm
Quoting SuperMario21
{quote} Pending order executed on JU Look at the Gold
Nice Mario, yes gold do butterfly at 1189, that puts 1618 in toolbox although others abound. Think they have all been posted either here or on G's thread.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,224
  • Oct 15, 2015 1:15pm Oct 15, 2015 1:15pm
Crayon madness on the ECAD.

Attached Image (click to enlarge)
Click to Enlarge Name: ECAD1015.png Size: 62 KB
  • #3,225
  • Oct 15, 2015 2:45pm Oct 15, 2015 2:45pm
Hi Mr Scott, this thread is fascinating, many thanks for you contribution
  • #3,226
  • Oct 15, 2015 2:51pm Oct 15, 2015 2:51pm
Quoting JunkyFX
Crayon madness on the ECAD. {image}
Hi JunkyFX, I am glad you posted EURCAD, I was looking at the same, make me feel good that I am no the only one crazy, playing with crayons
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH1-15-10-15.png Size: 16 KB
  • #3,227
  • Oct 15, 2015 3:35pm Oct 15, 2015 3:35pm
Quoting JunkyFX
Crayon madness on the ECAD. {image}
Quoting Rcubic
{quote} Hi JunkyFX, I am glad you posted EURCAD, I was looking at the same, make me feel good that I am no the only one crazy, playing with crayons {image}
Congratulation, it's a very nice combination of possible patterns.

The small Bat, the blue one, has a high probability of success. I'm also expecting a bullish trend on USDCAD, that's a good signal.

About the possible big Bat (the yellow one) and Butterfly (orange/red), if the price get that area, they are a very powerfull sell signal. But in any case we have to respect the rules to apply when we trade the harmonic patterns. The fact that there is a strong signal around 1,51 doesn't mean that it will get there for sure.

The easiest way is a long on the pair with no take profit, let it run moving the stop loss up manually, or a with trailing stop.....

Good luck with the long on EURCAD.

Waiting for Mr. Scott's point of view.
Attached Image (click to enlarge)
Click to Enlarge Name: tvc_505ed76c2acb2acd57592e78a164a70b.png Size: 127 KB
  • #3,228
  • Oct 15, 2015 3:56pm Oct 15, 2015 3:56pm
Quoting Rcubic
{quote} Hi JunkyFX, I am glad you posted EURCAD, I was looking at the same, make me feel good that I am no the only one crazy, playing with crayons {image}
It's a speculative one for sure with UCAD dropping off the face of the earth like it is.
  • #3,229
  • Oct 15, 2015 4:41pm Oct 15, 2015 4:41pm
Quoting Mr. Scott
{quote} Hi Chess King, Yes, order flow down that 1618 was more of a target as I thought market might retrace there. Market did hesitate there but continued. Good news is market did what it should, used to continue and has now retested within last 10 minutes. If you were to use that 886 as target, that was viable and wise as you say due to market conditions. A viable related strategy would be to target that 886 on break of 50, or 119.619. UJ did what she is supposed to do and wont to do. She likes wick and that pattern still valid daily....
Thanks MR SCOTT
XA MID good one ... new to me 50/61 mid level...
My conclusion then... is that D point... may serve to both sides depends on a few variables and market conditions.
earned.
  • #3,230
  • Oct 15, 2015 9:18pm Oct 15, 2015 9:18pm
Hello all,

Nice to see you all here with your charts. I will post a couple of interest.

UCAD doing monthly bar in good place, weekly crab. But last time monthly returned to structure and did 38.2 retrace. Let's see.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH41015.jpg Size: 302 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,231
  • Oct 15, 2015 9:27pm Oct 15, 2015 9:27pm
So, this is great chart, obviously in an important place now.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily1015.jpg Size: 300 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,232
  • Oct 16, 2015 2:36am Oct 16, 2015 2:36am
Attached Image (click to enlarge)
Click to Enlarge Name: e.png Size: 26 KB
mmm is this a possible , 15 min 100 200 cross support break ??? lets hope so,, i will check with mum
  • #3,233
  • Oct 16, 2015 4:48am Oct 16, 2015 4:48am
Working on the method. Yesterday I've found three Crabs that worked with 1.414 ratio.
I saw also other patterns with 0.707 and 1.13 ratios, they made a good job.
Also 3.14 (Pi) is nice.

It was not easy to find patterns with 1.27 or 1.618 ratios.

Attached Image


I'm still working on it.

An exemple can be the possible Crab on USDCAD, with D point around 1.2825.
That area is also an important Supply/Demand level on the Daily chart.
About the B point. I pointed the B on the 15 min chart to be precise. In fact that one is a spike. I'm trying to clean the chart from movement made after a news..
It's all sperimental.

Attached Image (click to enlarge)
Click to Enlarge Name: tvc_2109936b0b1edb1e5d1f357c383967d8.png Size: 73 KB
  • #3,234
  • Oct 16, 2015 6:39am Oct 16, 2015 6:39am
Attached Image (click to enlarge)
Click to Enlarge Name: a.png Size: 41 KB
morning ,, possible here
  • #3,235
  • Oct 16, 2015 6:52am Oct 16, 2015 6:52am
Quoting SuperMario21
Working on the method. Yesterday I've found three Crabs that worked with 1.414 ratio. I saw also other patterns with 0.707 and 1.13 ratios, they made a good job. Also 3.14 (Pi) is nice. It was not easy to find patterns with 1.27 or 1.618 ratios. {image} I'm still working on it. An exemple can be the possible Crab on USDCAD, with D point around 1.2825. That area is also an important Supply/Demand level on the Daily chart. About the B point. I pointed the B on the 15 min chart to be precise. In fact that one is a spike. I'm trying to clean the chart...
Hi Mario,

Feel free, those are harmonic numbers. 707 is valid for some 618. 113 is alt bat/shark level. UCAD I have 618/127 valid, puts 1618 in play large, close enough for me. Crab often truncate 50/127 but that is just an extension, EU did yesterday.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,236
  • Oct 16, 2015 6:56am Oct 16, 2015 6:56am
Quoting elbert3
{image} mmm is this a possible , 15 min 100 200 cross support break ??? lets hope so,, i will check with mum
Oh Geez...I hope not.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH11016.jpg Size: 311 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,237
  • Oct 16, 2015 7:00am Oct 16, 2015 7:00am
Quoting elbert3
{image} morning ,, possible here
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH11016.jpg Size: 343 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,238
  • Oct 17, 2015 9:52am Oct 17, 2015 9:52am
Little EU, might play....first one did.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH11017.jpg Size: 306 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,239
  • Oct 17, 2015 9:56am Oct 17, 2015 9:56am
Some EA because it is so cool.....
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH41017.jpg Size: 321 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,240
  • Oct 17, 2015 10:04am Oct 17, 2015 10:04am
Ok so one more. It is zoomed version of H1 cypher we talked about on Friday. You can find it as the robots are watching. That is what I call it when thread is full of non-members.

But she did cypher and also tofu. Not not tofu, that is that gross stuff, I mean mofu, which sounds bad but is really good.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM51017.jpg Size: 290 KB
The world you desire can be won. It exists.. it is real.. it is possible..
8 traders viewing now