Mr. Scott's Crayon Thread | Page 251 | 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

  • #5,001
  • Jul 5, 2016 11:59am Jul 5, 2016 11:59am
GU
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDMonthly75.jpg Size: 307 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,002
  • Edited 3:52pm Jul 5, 2016 2:47pm | Edited 3:52pm
Quoting Mr. Scott
{quote} she has done what she wont to do 113, need reason, also combo to look, I will probably miss as on vacation. {image}
Hi Scott,

Hope your enjoying your vacation. Watching GN around here, bad Dairy prices have given it some bidding but Thursday may tell bigger story. Watching some shorter term pricing at the moment though. :nerd: Sure we will get some buy up of the Kiwi as per normal on the NY Close so probably another lower run.
Attached Image (click to enlarge)
Click to Enlarge Name: nzus.png Size: 61 KB
  • #5,003
  • Edited 3:28pm Jul 5, 2016 2:54pm | Edited 3:28pm
Quoting squawk
At some stage you would think the EUR will need to run a final long term leg down. When the focus comes of the Cable and moves to EUR and when it sinks through that their second largest economy is no longer part of the EU group. {image}
Maybe this will give the EUR the last leg down. Bad Debt Piled in Italian Banks Looms as Next Crisis
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-07-02_1059.png Size: 114 KB
  • #5,004
  • Jul 5, 2016 3:17pm Jul 5, 2016 3:17pm
Maybe with the low liquidity of summer will bring a follow through down move but you couldn't have more contradictory inter-market rotations.

SPX trading at near highs while Note yields trading lower and lower. Yen has had a large strengthening move and Gold pushing higher. If SPX gets any momentum sell off then anyone analyzing the market would have to say all the market rotation signs were there.

Chart of Yen, SPX and 10 Year. Question is what happens to Yen if the SPX does make a move and catch up? does it just consolidate or make another move lower.

I guess we live in a world where money is happy to buy fixed income at near zero coupon and at the same time money is still happy buying risk assets.
Attached Image (click to enlarge)
Click to Enlarge Name: yencomp.png Size: 133 KB
  • #5,005
  • Jul 5, 2016 3:46pm Jul 5, 2016 3:46pm
Closer look at Yen and the 10 Year. Has been highly correlated over the last year. So I think unless we see a move out of fixed income we won't see a sustainable move out of Yen, unless of course intervention intervenes. I like the levels on the UJ at the moment but showing no signs of buying.

You can see the last time (marked in grey box) the note and Yen moved out of sink was when BOJ shocked the market and went negative interest rate. But 10 year kept moving down.
Attached Image (click to enlarge)
Click to Enlarge Name: YENANDTENYEAR.png Size: 133 KB
  • #5,006
  • Jul 5, 2016 4:00pm Jul 5, 2016 4:00pm
I have no levels for this one but running a fifth leg?
Attached Image (click to enlarge)
Click to Enlarge Name: EG.png Size: 126 KB
  • #5,007
  • Jul 6, 2016 6:57am Jul 6, 2016 6:57am
Quoting squawk
{quote} Hi Scott, Hope your enjoying your vacation. Watching GN around here, bad Dairy prices have given it some bidding but Thursday may tell bigger story. Watching some shorter term pricing at the moment though. :nerd: Sure we will get some buy up of the Kiwi as per normal on the NY Close so probably another lower run. {image}
Trading into this setup at the moment based on Kiwi weakening. Waiting to see if we can get some momentum.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzus.png Size: 61 KB
Click to Enlarge Name: 2016-07-06_2200.png Size: 68 KB
Click to Enlarge Name: 2016-07-06_2058.png Size: 66 KB
  • #5,008
  • Jul 6, 2016 1:37pm Jul 6, 2016 1:37pm
Quoting squawk
I have no levels for this one but running a fifth leg? {image}
Hey Squawk,

Good eye, larger we can call sharkish as she prefer but that big monthly, best fit smaller....
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPMonthly.jpg Size: 285 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,009
  • Jul 7, 2016 1:32am Jul 7, 2016 1:32am
Quoting Mr. Scott
{quote} Hey Squawk, Good eye, larger we can call sharkish as she prefer but that big monthly, best fit smaller.... {image}
Hey Scott Nice chart with a thin final leg but looking to trade sterling when it turns which could be a slow process against the Kiwi.
  • #5,010
  • Jul 7, 2016 1:56am Jul 7, 2016 1:56am
Nice thin move on the AN 40 over the daily range average 50 prior to London open. Fancy a Trade.
Attached Image
  • #5,011
  • Jul 7, 2016 2:12am Jul 7, 2016 2:12am
Quoting squawk
Nice thin move on the AN 40 over the daily range average 50 prior to London open. Fancy a Trade. {image}
I never buy AN over 1.0

Inserted Video
It's all about bucks, kid. The rest is conversation.
  • #5,012
  • Jul 7, 2016 2:26am Jul 7, 2016 2:26am
Quoting Lalu
{quote} I never buy AN over 1.0 https://www.youtube.com/watch?v=ejKU...TSOfWcCRk0eTq4
Hey Ben. You won't buy AN above parity? is than what you mean?
  • #5,013
  • Jul 7, 2016 2:42am Jul 7, 2016 2:42am
Yes. A load of my best charts got disappeared recently. The bastards. Including AN, but I found it here.

Quoting Lalu
I've not really looked at AN since it evaded the big 1.0. I'm still waiting there, spear in hand, like Jack, obsessing about killing the pig. {image}
It's all about bucks, kid. The rest is conversation.
  • #5,014
  • Jul 7, 2016 2:45am Jul 7, 2016 2:45am
Quoting Lalu
Yes. A load of my best charts got disappeared recently. The bastards. Including AN, but I found it here. {quote}
So your thinking AN will drop below parity and then you will look to buy? should be one hell of a trade if it does.
  • #5,015
  • Jul 7, 2016 2:47am Jul 7, 2016 2:47am
Have you been trading the SPX Ben.
  • #5,016
  • Jul 7, 2016 8:03am Jul 7, 2016 8:03am
Quoting squawk
{quote} So your thinking AN will drop below parity and then you will look to buy? should be one hell of a trade if it does.
Well no I wouldn't say I'm thinking that it will. Just that I could imagine it happening. A bit like unfinished business.
It's all about bucks, kid. The rest is conversation.
  • #5,017
  • Jul 7, 2016 8:08am Jul 7, 2016 8:08am
Quoting squawk
Have you been trading the SPX Ben.
Yes I've been ducking and diving there. Mostly hoping for a break to the downside but I'm prepared for the ATH to go first.

I mainly trade the Dax though.
It's all about bucks, kid. The rest is conversation.
  • #5,018
  • Jul 7, 2016 10:15am Jul 7, 2016 10:15am
Quoting squawk
Nice thin move on the AN 40 over the daily range average 50 prior to London open. Fancy a Trade. {image}
Ab cd for gartley looking thing...can we say look for weekly candle?
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDWeekly77.jpg Size: 293 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,019
  • Jul 7, 2016 10:17am Jul 7, 2016 10:17am
Quoting Mr. Scott
GU {image}

hmmm....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily77.jpg Size: 276 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,020
  • Edited 2:45pm Jul 7, 2016 2:35pm | Edited 2:45pm
Quoting Mr. Scott
{quote} Ab cd for gartley looking thing...can we say look for weekly candle? {image}
Got stopped out on this one. The Kiwi strength caught me way of guard. The kiwi seems to be representing the greatest risk off moves at the moment. Nice chart Scott have been looking at the pattern setups but I just can't find the same fundamental rational for parity that made it that low previously. Anyway who am I to say what the market will do. Like always the kiwi trade can be a bitch to get into which I keep noting to myself over the last couple of years. It can also turn with out any logic and totally miss the setup unless you want chase the spike.
14 traders viewing now