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Mr. Scott's Crayon Thread

  • #5,301
  • Aug 2, 2016 9:29pm Aug 2, 2016 9:29pm
Quoting squawk
{quote} Bid up against rate cut at the level (GOOD SIGN) see if we can hold through dairy auction. View - Can be a great signal of change. Need to see NZD (in red) pushing further and below AUD/USD NZD/USD AUDN/NZD {image} {image} {image}

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  • #5,302
  • Aug 3, 2016 3:49am Aug 3, 2016 3:49am
[quote=squawk;9059629]{quote} (Just my opinion on long term trade setup) From what I see these 2 areas have been the strongest mid level. So could hold from here although there hasn't really been any strong bidding reaction at this level yet. Think it all will depend on the rate decisions RBA (Tuesday), BOE (Thursday) and RBNZ (following Thursday).

So far holding but maybe short lived
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  • #5,303
  • Aug 3, 2016 5:50am Aug 3, 2016 5:50am
[quote=squawk;9064349]
Quoting squawk
{quote} (Just my opinion on long term trade setup) From what I see these 2 areas have been the strongest mid level. So could hold from here although there hasn't really been any strong bidding reaction at this level yet. Think it all will depend on the rate decisions RBA (Tuesday), BOE (Thursday) and RBNZ (following Thursday). So far holding but maybe short lived {image} {image}
Nice work amigo
It's all about bucks, kid. The rest is conversation.
  • #5,304
  • Aug 3, 2016 6:03am Aug 3, 2016 6:03am
Quoting Lalu
{quote} Cypher burst it's banks. There's another at last week open cash with more confluence. Alt shark/382/10020ish looks good too. Also shark at 10117 should get a mention. {image}
Dax went through 10155 to the shark/10116 where it had a little bounce. So far the descent has been held up by an old 786 and the bounce capped by 10155 (proving it's worth on the backside). I personally still favour a bit lower to at least 10023. I want it all but expect nothing. If only.

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It's all about bucks, kid. The rest is conversation.
  • #5,305
  • Aug 3, 2016 6:12am Aug 3, 2016 6:12am
Quoting Lalu
{quote} She did the mini 127 butterfly. 1.618 comes with larger confluence and stealth alt gartley {image}
This one came in with most bagged now just a little riding free to plumb the depths.

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It's all about bucks, kid. The rest is conversation.
  • #5,306
  • Aug 3, 2016 6:37am Aug 3, 2016 6:37am
If you're having difficulty reading the markets you are in good company

https://traderdan.com/?p=12969
It's all about bucks, kid. The rest is conversation.
  • #5,307
  • Aug 3, 2016 7:11am Aug 3, 2016 7:11am
Quoting Lalu
{quote} This one came in with most bagged now just a little riding free to plumb the depths. {image}
​Nice work, it is from daily so gives more credence.
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  • #5,308
  • Aug 3, 2016 7:28am Aug 3, 2016 7:28am
Little fun NU As might expect with big news, you have both ways, got to get in early or wait​
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,309
  • Aug 3, 2016 10:56am Aug 3, 2016 10:56am
Quoting Lalu
{quote} Dax went through 10155 to the shark/10116 where it had a little bounce. So far the descent has been held up by an old 786 and the bounce capped by 10155 (proving it's worth on the backside). I personally still favour a bit lower to at least 10023. I want it all but expect nothing. If only. {image}
Slug hit cypher at 10185. The red zone would be another cypher/yesterdays low, if it can get there, but right now the dax is a slug.

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It's all about bucks, kid. The rest is conversation.
  • #5,310
  • Aug 3, 2016 2:13pm Aug 3, 2016 2:13pm
Quoting Lalu
{quote} Dax went through 10155 to the shark/10116 where it had a little bounce. So far the descent has been held up by an old 786 and the bounce capped by 10155 (proving it's worth on the backside). I personally still favour a bit lower to at least 10023. I want it all but expect nothing. If only. {image}
Nice Ben,

Traded SPX yesterday, haven't traded in a while. Put some small shorts which I suspect wil be stopped out. Market just seems to be getting strannnnnger and strannnnger. You can just feel it.
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  • #5,311
  • Aug 3, 2016 2:15pm Aug 3, 2016 2:15pm
Quoting Lalu
{quote} This one came in with most bagged now just a little riding free to plumb the depths. {image}
Great Trade.
  • #5,312
  • Aug 3, 2016 2:16pm Aug 3, 2016 2:16pm
Quoting Mr. Scott
Little fun NU As might expect with big news, you have both ways, got to get in early or wait​ {image}
Hope so.... positions mostly on the crosses with NZD. You would have to expect some VOL running into next week.
  • #5,313
  • Edited 3:37pm Aug 3, 2016 2:53pm | Edited 3:37pm
Quoting squawk
{quote}Can be a great signal of change. Need to see NZD (in red) pushing further and below {image} {image} {image}
Some nice conformation strength may be shifting.
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  • #5,314
  • Aug 3, 2016 2:55pm Aug 3, 2016 2:55pm
Quoting squawk
{quote} Nice Ben, Traded SPX yesterday, haven't traded in a while. Put some small shorts which I suspect wil be stopped out. Market just seems to be getting strannnnnger and strannnnger. You can just feel it.https://www.youtube.com/watch?v=GJY8jJkDoMY
Couldn't agree more
It's all about bucks, kid. The rest is conversation.
  • #5,315
  • Edited 5:13pm Aug 3, 2016 3:35pm | Edited 5:13pm
Crude, interesting where we go from here soon. Downward seems to be have caused by the overestimation from the refineries for summer. The seasonal summer spread at 13 bucks compared to 28 last driving season last year.

Is it turning back over?

Refineries need to obviously clear inventories but? Just Seasonal pullback. Betting on it with my CAD trades on crosses.

SPREAD CHART
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  • #5,316
  • Aug 3, 2016 3:40pm Aug 3, 2016 3:40pm
VIX moving a little of the base
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  • #5,317
  • Aug 3, 2016 3:52pm Aug 3, 2016 3:52pm
Quoting squawk
Always get another shot with NC. Looking to sell into 60 - 78% {image}
Got some movement. Short term profit taking?or longer term position. I'm in for the second but think we will get some moving around and maybe another go at the top.
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  • #5,318
  • Aug 3, 2016 5:46pm Aug 3, 2016 5:46pm
Quoting squawk
{quote} Got some movement. Short term profit taking?or longer term position. I'm in for the second but think we will get some moving around and maybe another go at the top. {image} {image} {image}
Good place to try it.
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  • #5,319
  • Edited 6:22pm Aug 3, 2016 6:02pm | Edited 6:22pm
Quoting Mr. Scott
{quote} Good place to try it. {image}
I agree Scott short term. Long term looking for RBNZ cut and rebound or range on crude between 40 ish and 50 over coming weeks.
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  • #5,320
  • Aug 4, 2016 7:40am Aug 4, 2016 7:40am
​little gu, what carney do
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