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Mr. Scott's Crayon Thread

  • #5,021
  • Jul 7, 2016 2:36pm Jul 7, 2016 2:36pm
Quoting Lalu
{quote} 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.
Looks likely now.
  • #5,022
  • Jul 7, 2016 3:01pm Jul 7, 2016 3:01pm
A bit of UJ

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It's all about bucks, kid. The rest is conversation.
  • #5,023
  • Jul 7, 2016 7:48pm Jul 7, 2016 7:48pm
Quoting Lalu
A bit of UJ {image}
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,024
  • Jul 8, 2016 12:32am Jul 8, 2016 12:32am
Quoting Mr. Scott
{quote} GA last chance, expectation failure? She did 786, 886 bat type....puts those below on interest {image}
Got my eye on that sneaky X

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It's all about bucks, kid. The rest is conversation.
  • #5,025
  • Jul 8, 2016 9:56am Jul 8, 2016 9:56am
I am new to this thread. I have my own strategy but am intrigued about this. Can you guide me as where to start the long and arduous task of becoming an expert in this? Any shortcuts because from what I've read, you may need to give deplomas out to successful traders. One specific question I have is how to acquire your software and then tips on loading it onto Marketscope. I have seen two different names. On your website it was called something else, If I understand this correctly. If I'm to learn, I would think gaining access to the proper equipment would be my first task.
My strategy has been successful but I do have problems when the market turns and changes a short term trend. I'm hoping this might be the solution.
I appreciate your help.
  • #5,026
  • Jul 8, 2016 10:10am Jul 8, 2016 10:10am
Quoting Lalu
{quote} Got my eye on that sneaky X {image}
Got a couple sneaky ones....
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,027
  • Edited 2:13pm Jul 9, 2016 3:27am | Edited 2:13pm
Quoting Mr. Scott
{quote} Ab cd for gartley looking thing...can we say look for weekly candle? {image}
Doing some more analysis on the Kiwi this weekend. Its my favored trade at the moment, looking to short KIWI on the crosses. I thought we had got a move last week when the AN pushed out of the congestion after the Gartley completion around 78. Then NZ PM Keys and RBNZ expectantly come out with the below. So have some longs but thinking it will make a run to complete the BAT at .88. I just can't see the fundamentals in the Kiwi to push back to the lows with the economy looking to shit itself, but we will see i guess.

New Zealand central bank dep gov Grant Spencer speaks on housing

 

  1. RBNZ is concerned about growing housing imbalances
  2. Contemplating further macroprudential tools to curb housing market
  3. Considering tightening LTV ratios further, could be introduced by year end
  4. limits on debt to income ratios may also play a role
  5. Concerned about risks to financial and economic stability due to housing market imbalances


The comments have given NZDUSD a near 20 pip lift to a high of 0.7167 and just kept going.

  1. Further rate cuts could pose a financial stability risk
  2. CPI will ultimately determine monetary policy

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  • #5,028
  • Jul 9, 2016 10:18am Jul 9, 2016 10:18am
Quoting squawk
{quote} Doing some more analysis on the Kiwi this weekend. Its my favored trade at the moment, looking to short KIWI on the crosses. I thought we had got a move last week when the AN pushed out of the congestion after the Gartley completion around 78 and Buterfly. Then NZ PM Keys and RBNZ expectantly come out with the below. So have some longs but possibly looking for a run to complete the BAT at .88. I just can't see the fundamentals in the Kiwi to push back to the lows with the economy looking to shit itself, but we will see i guess. New Zealand...
Hey Squawk,

Couple relevant....
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,029
  • Jul 9, 2016 10:29am Jul 9, 2016 10:29am
Quoting RebeccaH
I am new to this thread. I have my own strategy but am intrigued about this. Can you guide me as where to start the long and arduous task of becoming an expert in this? Any shortcuts because from what I've read, you may need to give deplomas out to successful traders. One specific question I have is how to acquire your software and then tips on loading it onto Marketscope. I have seen two different names. On your website it was called something else, If I understand this correctly. If I'm to learn, I would think gaining access to the proper equipment...
Hi Rebecca,

Sorry I do not have a website or software think you might have me confused with someone else. Think you can google harmonics and find plenty of free resources if it interests you. FF police are touchy about promoting any specific resources but easy enough to find...
The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,030
  • Jul 9, 2016 2:11pm Jul 9, 2016 2:11pm
Quoting Mr. Scott
{quote} Hey Squawk, Couple relevant.... {image} {image}
Thanks Scott
  • #5,031
  • Jul 10, 2016 3:21am Jul 10, 2016 3:21am
Likely to help the Aussie with the result mostly finalized over the weekend. Should eliminate the uncertainty that was around for possible hung parliament.

Federal election results 2016: Coalition will be able to form government
  • #5,032
  • Jul 12, 2016 3:13pm Jul 12, 2016 3:13pm
I think these charts are telling the story at the moment. Looks like money is happy to chase yield at a high risk.
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  • #5,033
  • Jul 12, 2016 5:14pm Jul 12, 2016 5:14pm
Quoting squawk
I think these charts are telling the story at the moment. Looks like money is happy to chase yield at a high risk. {image} {image}
Cool charts, thanks Squawk.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,034
  • Jul 12, 2016 9:25pm Jul 12, 2016 9:25pm
Quoting Mr. Scott
{quote} Cool charts, thanks Squawk.
No problem Scott.
  • #5,035
  • Jul 13, 2016 3:44pm Jul 13, 2016 3:44pm
Some positive comments from BOC, break of lower swing and NZDCAD top level, may offer a nice trade setup again on this pair? thinking a fill at least back to around 250
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  • #5,036
  • Jul 14, 2016 2:41pm Jul 14, 2016 2:41pm
Quoting squawk
Some positive comments from BOC, break of lower swing and NZDCAD top level, may offer a nice trade setup again on this pair? thinking a fill at least back to around 250 {image} {image}
Nice close of the cycle here. Taken some and waiting for a pullback and some consolidation.
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  • #5,037
  • Jul 14, 2016 2:51pm Jul 14, 2016 2:51pm
Quoting squawk
{quote} Doing some more analysis on the Kiwi this weekend. Its my favored trade at the moment, looking to short KIWI on the crosses. I thought we had got a move last week when the AN pushed out of the congestion after the Gartley completion around 78. Then NZ PM Keys and RBNZ expectantly come out with the below. So have some longs but thinking it will make a run to complete the BAT at .88. I just can't see the fundamentals in the Kiwi to push back to the lows with the economy looking to shit itself, but we will see i guess. New Zealand central bank...
Taken out 50% of this trade. In at 1.035 and trading for a final target of around 1.10. Running into strong level where it spiked down on Keys comments on NZ housing bubble. Imagine there are some orders here with a gap up that probably needs to be filled back to range. Short term I would pull out but looking for higher over coming weeks. Will see. First challenge is for it to hold above the consolidation zone.
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  • #5,038
  • Jul 14, 2016 3:11pm Jul 14, 2016 3:11pm
Quoting squawk
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. {image}
Highly correlated last move with Yen and 10 year. Got a nice trade in on the A/J but have taken some of here. Looks mabe a deeper run to 86 is possible but running into a level here.
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  • #5,039
  • Jul 14, 2016 3:17pm Jul 14, 2016 3:17pm
Sorry Scott last on as seems to always be crowding out your thread sometimes. MXN setup opp. Didn't hold this long enough on the run down but H&S setup possible but waiting patterns harder to trade on this pair.
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  • #5,040
  • Jul 14, 2016 4:09pm Jul 14, 2016 4:09pm
Closed half long position here on GN. Looking to taken second of if momentum falls away. I like a short from around the 1.8850 and 1.618 but have to see if it gets there.
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