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Mr. Scott's Crayon Thread

  • #3,281
  • Oct 20, 2015 6:29am Oct 20, 2015 6:29am
Quoting SuperMario21
USDCAD Expecting a Bat on 1hour chart. Based on the new method, the pattern is in a good "location" of the market. Area 1.291X seems very harmonic. There we can see a 0.618 retrac. of a bigger swing, and also 2AB=CD Let's see {image}
Good eye, nice place. Does it matter it we call it bat, shark, big brother/little brother? No......
The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,282
  • Oct 20, 2015 6:39am Oct 20, 2015 6:39am
Quoting Mr. Scott
{quote} Good eye, nice place. Does it matter it we call it bat, shark, big brother/little brother? No......
Actually I could call it Snoopy, Ronaldo or Anaconda...

The most important thing is the D point is in a very harmonic area/level. And the area 1.291X can be very harmonic with different patterns...

I'm waiting for the bounce of the AB=CD on 15min chart. There, maybe I will close the shorts, so I can open them again on higher price.
But is also important to see how high the bounce will be, because if we get a 1.3030, that BAT could be wrong.
  • #3,283
  • Oct 20, 2015 6:48am Oct 20, 2015 6:48am
Quoting SuperMario21
{quote} Actually I could call it Snoopy, Ronaldo or Anaconda... The most important thing is the D point is in a very harmonic area/level. And the area 1.291X can be very harmonic with different patterns... I'm waiting for the bounce of the AB=CD on 15min chart. There, maybe I will close the shorts, so I can open them again on higher price. But is also important to see how high the bounce will be, because if we get a 1.3030, that BAT could be wrong.
structure puts 886 of interest, but if then, also 113 either way.

Don't mind ab cd at 50 for right shoulder, then still valid if......let's see
The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,284
  • Oct 20, 2015 7:43am Oct 20, 2015 7:43am
Quoting Mr. Scott
{quote} structure puts 886 of interest, but if then, also 113 either way. Don't mind ab cd at 50 for right shoulder, then still valid if......let's see

Mmmm.... :nerd:

The area around 1.2880 seems good, there is the 1.13 for the Alt Bat, and also the 0.786 of the bigger swing....

It's a good option.

Let's see how this pattern is unfolding.
  • #3,285
  • Oct 20, 2015 8:18am Oct 20, 2015 8:18am
you say tomato....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM51020.jpg Size: 327 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,286
  • Oct 20, 2015 8:22am Oct 20, 2015 8:22am
Quoting SuperMario21
{quote} Mmmm.... :nerd: The area around 1.2880 seems good, there is the 1.13 for the Alt Bat, and also the 0.786 of the bigger swing.... It's a good option. Let's see how this pattern is unfolding.
12868 is 382 of weekly swing
The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,287
  • Oct 20, 2015 8:54am Oct 20, 2015 8:54am
Quoting Mr. Scott
{quote} 12868 is 382 of weekly swing
Probably it's too deep, and we already passed that area.

Another thing, it's dropping too quickly. We need a stop, Better if we come back above 1.3000 again...
  • #3,288
  • Oct 20, 2015 9:19am Oct 20, 2015 9:19am
Quoting SuperMario21
{quote} Probably it's too deep, and we already passed that area. Another thing, it's dropping too quickly. We need a stop, Better if we come back above 1.3000 again...
Short positions closed.
I don't know if I'm right, but I prefer to wait for it up there.
If I'm wrong, I had just cut my gain....happens..
  • #3,289
  • Oct 20, 2015 9:37am Oct 20, 2015 9:37am
Quoting SuperMario21
{quote} Short positions closed. I don't know if I'm right, but I prefer to wait for it up there. If I'm wrong, I had just cut my gain....happens..
I also do not ignore the TL....
  • #3,290
  • Oct 20, 2015 9:43am Oct 20, 2015 9:43am
Quoting SuperMario21
{quote} Short positions closed. I don't know if I'm right, but I prefer to wait for it up there. If I'm wrong, I had just cut my gain....happens..
Waiting to buy it if gets the D point....
  • #3,291
  • Oct 20, 2015 9:43am Oct 20, 2015 9:43am
Quoting chess king
{quote} I also do not ignore the TL....
Where?
  • #3,292
  • Oct 20, 2015 9:55am Oct 20, 2015 9:55am
Quoting SuperMario21
{quote} Where?
1H chart ...
sorry... I can not post charts..
  • #3,293
  • Oct 20, 2015 9:57am Oct 20, 2015 9:57am
Quoting chess king
{quote} 1H chart ... sorry... I can not post charts..
This one?
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 48 KB
  • #3,294
  • Oct 20, 2015 9:59am Oct 20, 2015 9:59am
Quoting SuperMario21
{quote} This one? {image}
Look at here:
http://www.forexfactory.com/showthre...45#post8549545

Good point of view of CNTrader
  • #3,295
  • Oct 20, 2015 10:08am Oct 20, 2015 10:08am
Quoting SuperMario21
{quote} This one? {image}
  • #3,296
  • Oct 20, 2015 10:19am Oct 20, 2015 10:19am
Quoting SuperMario21
{quote} I bought the USD on many pairs because I expect USDIndex becomes bullish. I do not know if there's room to reach the completion point of the Bat on USDJPY. Also this time it seems that the 0,786 level of XA is very strong in the Bat, it often happened to me, lately.
Open 1 small long when I saw this 1.618AB=CD

Waiting for new signals to short again.....
Attached Image (click to enlarge)
Click to Enlarge Name: download (2).png Size: 113 KB
  • #3,297
  • Oct 20, 2015 10:22am Oct 20, 2015 10:22am
Quoting chess king
{quote}
Yes, it seems a good support, could be part of the H&S that CNTrader post (but that H&S is not totaly correct)
  • #3,298
  • Oct 20, 2015 10:27am Oct 20, 2015 10:27am
Quoting SuperMario21
{quote} Yes, it seems a good support, could be part of the H&S that CNTrader post (but that H&S is not totaly correct)
HI SM
but why not totaly correct ... what's me escape?
  • #3,299
  • Oct 20, 2015 10:46am Oct 20, 2015 10:46am
Quoting chess king
{quote} HI SM but why not totaly correct ... what's me escape?
The left shoulder is not correct if the right shoulder has a low of 1.2934, like now....So, the right shoulder is not complete yet.
A good level for a correct H&S should be around 1.2880, probably tomorrow.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 53 KB


But we are in the wrong thread to talk about it....
  • #3,300
  • Oct 20, 2015 10:57am Oct 20, 2015 10:57am
Quoting SuperMario21
{quote} The left shoulder is not correct if the right shoulder has a low of 1.2934, like now....So, the right shoulder is not complete yet. A good level for a correct H&S should be around 1.2880, probably tomorrow. {image} But we are in the wrong thread to talk about it....
Formations are rarely perfect.... which means there may be some noise between the respective shoulders and head.

to me the Neckline is the most important to trade H&S..
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