Mr. Scott's Crayon Thread | Page 253 | Forex Factory

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  • #5,041
  • Jul 14, 2016 4:41pm Jul 14, 2016 4:41pm
Nice charts squawk,
Nothing to add really except a bit of rear view harmonic nerd porn.

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It's all about bucks, kid. The rest is conversation.
  • #5,042
  • Jul 14, 2016 4:53pm Jul 14, 2016 4:53pm
This is an interesting chart which shows a greater bias of Capital moving towards bonds, defensive than equities. Low volume new highs on SPX.
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  • #5,043
  • Jul 14, 2016 4:55pm Jul 14, 2016 4:55pm
Another key showing money moving to defensive positions in equities with Utilities having a large chunk of the money flow.
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  • #5,044
  • Jul 14, 2016 5:02pm Jul 14, 2016 5:02pm
A couple of pairs (i.e antipodean) that normally (with Risk on) have a high correlation with the SPX
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  • #5,045
  • Edited 5:22pm Jul 14, 2016 5:03pm | Edited 5:22pm
Quoting Lalu
Nice charts squawk, Nothing to add really except a bit of rear view harmonic nerd porn. {image}
Hi Ben, nice chart. Eur has nice nice range patterns lately. I'm not really watching short term on the EUR but bearish near top of range on very low margin until proves otherwise.. Thinking it has a final wave run close to parity technically. Fundamentally I'm thinking the Banking crisis and Brexit has more bad news for Euro and further to play out.

Posted this a little back of what I am thinking longer term but could still be a higher completion on ABCD if some positives come. Personally it feels like the currency wars are on again.
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  • #5,046
  • Jul 14, 2016 5:39pm Jul 14, 2016 5:39pm
Clip on Euro crisis from last year (John Maudlin) Talks about France and Italy in the future. Waving a wine glass around so could half drunk. I respect this guys opinion but doesn't mean it plays out.

Inserted Video
  • #5,047
  • Jul 14, 2016 5:56pm Jul 14, 2016 5:56pm
Quoting squawk
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. {image} {image}
​Hey Squawk,
No problem it is cool, hope to be back at it by end of week. Thanks for charts. And some "rear view harmonic nerd porn."
The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,048
  • Jul 14, 2016 6:07pm Jul 14, 2016 6:07pm
Quoting Mr. Scott
{quote} ​Hey Squawk, No problem it is cool, hope to be back at it by end of week. Thanks for charts. And some "rear view harmonic nerd porn."
No worries Scott. Hope your having a great vacation.
  • #5,049
  • Jul 14, 2016 6:19pm Jul 14, 2016 6:19pm
Quoting squawk
{quote} Nice close of the cycle here. Taken some and waiting for a pullback and some consolidation. {image} {image} {image}
Scaled out of most of my position here now waiting on a pullback or some sign of continuation.
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  • #5,050
  • Jul 14, 2016 6:27pm Jul 14, 2016 6:27pm
Last one for me posting to much today.

Shorts on AC still finishing rotation. Gartley setup but using level to take profits.
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  • #5,051
  • Jul 14, 2016 6:33pm Jul 14, 2016 6:33pm
Couldn't help myself. Last one.

Volume showing total lack of conviction for up days.
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  • #5,052
  • Jul 14, 2016 11:55pm Jul 14, 2016 11:55pm
Quoting squawk
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. {image}
Only on the Kiwi crosses can you get 1000 pip flush out over a few days. Its going to be hard to beat that trade for the month but looking to short around this area if it sets up.
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  • #5,053
  • Jul 15, 2016 12:41am Jul 15, 2016 12:41am
Mmmmm not for me but pattern is there at a nice level and is holding at the moment.
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  • #5,054
  • Jul 15, 2016 2:01am Jul 15, 2016 2:01am
Quoting squawk
{quote} Hi Ben, nice chart. Eur has nice nice range patterns lately. I'm not really watching short term on the EUR but bearish near top of range on very low margin until proves otherwise.. Thinking it has a final wave run close to parity technically. Fundamentally I'm thinking the Banking crisis and Brexit has more bad news for Euro and further to play out. Posted this a little back of what I am thinking longer term but could still be a higher completion on ABCD if some positives come. Personally it feels like the currency wars are on again. {image}...
Here's a path I'm keeping an eye on which would give you a higher ABCD completion

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It's all about bucks, kid. The rest is conversation.
  • #5,055
  • Jul 15, 2016 2:24am Jul 15, 2016 2:24am
Quoting Lalu
{quote} Here's a path I'm keeping an eye on which would give you a higher ABCD completion {image}
Im watching that to. I think Its a great setup if it goes higher and a clear area. Im still bearish until it breaks the range. Ive currently got a H&S that would take it down to the obvious level at 6270 but looks like it may test the spike down first. The Euro is just a hard read at the moment.
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  • #5,056
  • Jul 15, 2016 2:26am Jul 15, 2016 2:26am
Quoting squawk
{quote} Only on the Kiwi crosses can you get 1000 pip flush out over a few days. Its going to be hard to beat that trade for the month but looking to short around this area if it sets up. {image}
Pulled a reverse on this and currently working out. Take some and move to BE.
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  • #5,057
  • Jul 15, 2016 2:39am Jul 15, 2016 2:39am
Quoting squawk
{quote} Im watching that to. I think Its a great setup if it goes higher and a clear area. Im still bearish until it breaks the range. Ive currently got a H&S that would take it down to the obvious level at 6270 but looks like it may test the spike down first. The Euro is just a hard read at the moment. {image}


Before the lowlife,racist, cannibals known as 'Leavers' voted us out of the glorious union that all enlightened and really clever people wanted the UK to stay part of, I was looking at a gartley to cypher and after... the levels are still there only now the patterns have swapped places.

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It's all about bucks, kid. The rest is conversation.
  • #5,058
  • Jul 15, 2016 2:52am Jul 15, 2016 2:52am
Quoting Lalu
{quote} Before the lowlife,racist, cannibals known as 'Leavers' voted us out of the glorious union that all enlightened and really clever people wanted the UK to stay part of, I was looking at a gartley to cypher and after... the levels are still there only now the patterns have swapped places. {image}
Ben must piss you of living in spain and they vote out. How does that effect you?

This is what I am thinking spending a bit more time looking at it and mapping it out. I would think if it runs down it would test the base of where it started from. Best entry for me would be short somewhere around test of the spike.

PS the DAX is looking like a setup at the moment.
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  • #5,059
  • Jul 15, 2016 2:55am Jul 15, 2016 2:55am
Quoting squawk
{quote} Ben must piss you of living in spain and they vote out. How does that effect you? This is what I am thinking spending a bit more time looking at it and mapping it out. I would think if it runs down it would test the base of where it started from. Best entry for me would be short somewhere around test of the spike. PS the DAX is looking like a setup at the moment. {image}
I'm not bothered mate. I'll take it in or out. Life goes on either way.
It's all about bucks, kid. The rest is conversation.
  • #5,060
  • Jul 15, 2016 3:01am Jul 15, 2016 3:01am
Quoting Lalu
{quote} I'm not bothered mate. I'll take it in or out. Life goes on either way.
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