Mr. Scott's Crayon Thread

Quoting Mr. Scott

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{quote} My rules I need precise 50, pushing the envelope there. But willing to look at the 886 as high probability for a pullback. GJ and UJ completed ab cd and did offer pb trade. Key here is pb(pullback). Is ok offers nice r:r but still pb. When we spoke she was shy of the 786. Now we are at dt(double top) and structure but no pa yet. What is your expectation here? This could become key area.

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Quoting danielwang

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{quote} Hi Mr Scott, thanks for sharing your advice. I am still a bit confused why the reversal failed for GJ. the area of ~ 168.5-168.8 should be in a strong confluence: 1. previous low structure on 13 Jan 2016. (pink ellipse) 2. 61.8%~78.6% retracement of the blue ABCD (blue rectangle) 3. finishing point D of the orange bearish BAT pattern (green rectangle) but GJ still broke this area and shoot up till 170+, could you tell from and price action point of view to explain this failure? appreciate you could shed some light {image}

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Quoting Mr. Scott

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{quote} Hi Daniel, I post my chart with bat as I was both trading GJ and watching it for entry. You have highlighted another pattern there that would put the 786 on interest for me, I call it cypher. Depends on rules but would be of interest for me and adds confluence on that 886 level. But PA never allowed an entry imo for short but did for long. Bats are often precise pullback patterns or continuation pattern in trend. They are very accurate and work between 60-65% of time contingent upon rules. You can obviously improve % based on filtering....

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Quoting Mr. Scott

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{quote} Hi Daniel, I post my chart with bat as I was both trading GJ and watching it for entry. You have highlighted another pattern there that would put the 786 on interest for me, I call it cypher. Depends on rules but would be of interest for me and adds confluence on that 886 level. But PA never allowed an entry imo for short but did for long. Bats are often precise pullback patterns or continuation pattern in trend. They are very accurate and work between 60-65% of time contingent upon rules. You can obviously improve % based on filtering....

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Quoting Mr. Scott

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Almost forgot about our Carney Carnage update. BOE, I am willing to send you my resume and credentials. {image}

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Quoting elbert3

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{quote} Good morning Boss ?? lol have a look at gb thread, i had a drink related few posts last night lol, i see you below 1.390 on gb ?? but i see that we were both in the same target area of 4360, which was good but i think we could look at it again on monday. Regards B , no more posting , go have a break and spend some of that money, thats my plan for the next 2 days, just got last min flight to Jersey so good luck buddy and take care.

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Quoting Mr. Scott

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This is for my friend B. Don't know if he can put the wine down or if he lost his phone/computer privileges due to his behavior in the boardroom, so he may never see it. But he would understand.... {image}

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Quoting man007

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{quote} Hi Scott. I reckon GJ just finished alt bat at 113 and still have chance to finish crab at 161.8? GU may drop to 1.33~1.34 area in longer term as I remember Scott mentioned GU prefers cypher and shark, lol {image}

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Quoting Mr. Scott

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Almost forgot about our Carney Carnage update. BOE, I am willing to send you my resume and credentials. {image}

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Quoting sniperdebt

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{quote} Scott, scary on cable BRexit & Interest rate could be drive cable, interest rate expected late 2016 @ early 2017 {quote} {image}

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Quoting squawk

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GOLD has a nice technical setup at the moment with the current risk in markets. {image} {image}

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Quoting squawk

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{quote} Depending on the Fed Gold looking to close to the top of the channel. Nice add on position level with pullback to the break of resistance. {image} {image} {image}

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