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Mr. Scott's Crayon Thread

  • #5,341
  • Edited 9:50am Aug 5, 2016 8:02am | Edited 9:50am
Quoting Lalu
{quote} Daxy update. 20 point reaction off the cypher but not content the German hellhound went up for the shark. From there it made a crab/618 and now I'm watching for possible 786 retest of the cypher at 10262 and down for gartley at 10195 all before NFP. Which would be nice. {image}
786 level was good and then nfp put a stake through gartley's heart. But one man's dead gartley is another man's butterfly, which also happens to coincide with the backside of the 'channel'. Anyway I don't really fancy it because I always lose on nfp. If it were to rise to the monthly open at 10426 I'd consider the bat there.

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It's all about bucks, kid. The rest is conversation.
  • #5,342
  • Aug 5, 2016 3:26pm Aug 5, 2016 3:26pm
[quote=squawk;9068040]Trading for a 3rd leg to the 161 (around 111) on RBNZ rate cute next week. See how that plan sticks or if I get washed out. Long from around .037 and .047 {image} {image}[/quote

Nice weekly close for the AN. Less chance of being flush out now I think.
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  • #5,343
  • Aug 5, 2016 3:29pm Aug 5, 2016 3:29pm
Quoting Mr. Scott
{quote} Like and see your larger, interesting chart.... {image}
NC tried to get new high. Fully tested to the topside now. Lets see next week brings prior to Thursday.
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  • #5,344
  • Edited 3:52pm Aug 5, 2016 3:33pm | Edited 3:52pm
Quoting Lalu
{quote} So now that I'm a bull, this means that we should expect a buying opportunity soon, which will go deeper than imagined and so turning me back into a bear before reversing North. I'm looking forward to the battle within.
The life of trader.....

Just remember to have fun and smile.

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  • #5,345
  • Aug 5, 2016 3:35pm Aug 5, 2016 3:35pm
Quoting Mr. Scott
{quote} {quote} Got to be the best writer here at FF. Have you heard that it was good to gain the day? I also say it is good to fall, battles are lost in the same spirit in which they are won. I beat and pound for the dead, I blow through my embouchures my loudest and gayest for them. Vivas to those who have fail'd! And to those whose war-vessels sank in the sea! And to those themselves who sank in the sea! And to all generals that lost engagements, and all overcome heroes! And the numberless unknown heroes equal to the greatest heroes known!...
  • #5,346
  • Aug 5, 2016 3:39pm Aug 5, 2016 3:39pm
Quoting Lalu
{quote} 786 level was good and then nfp put a stake through gartley's heart. But one man's dead gartley is another man's butterfly, which also happens to coincide with the backside of the 'channel'. Anyway I don't really fancy it because I always lose on nfp. If it were to rise to the monthly open at 10426 I'd consider the bat there. {image} {image} {image} {image}
So true. At a significant technical level.
  • #5,347
  • Aug 5, 2016 3:58pm Aug 5, 2016 3:58pm
We are where we wanted to be.

You would think that there would have to be an ABCD here somewhere.
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  • #5,348
  • Aug 5, 2016 4:05pm Aug 5, 2016 4:05pm
This is another great example of yield bubble in the yield driven utilities sector.

(reference http://nebula.wsimg.com/e4c057c2a49f...&alloworigin=1

Not only are current investors of utilities receiving a lower dividend yield, but they are paying an extremely high valuation in order to earn 3.00%. The graphs below showing the Price to Sales ratio and the Price to EBITDA ratio for the utility sector.

So if a 2 deviation is a bubble event that should happen every 44 years what would a 3 deviations from the average be??. Thats a bubble,bubble or lets just call it Nasdaq 2000 as that was the same deviation .
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  • #5,349
  • Aug 5, 2016 4:42pm Aug 5, 2016 4:42pm
Quoting squawk
We are where we wanted to be. You would think that there would have to be an ABCD here somewhere. {image} {image} {image}
I found one. ​
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,350
  • Aug 5, 2016 8:15pm Aug 5, 2016 8:15pm
Quoting Mr. Scott
{quote} I found one. ​ {image} {image}
If its going to break down into low 90,s you would think we need and ABCD to the top-side first.
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  • #5,351
  • Aug 6, 2016 9:26am Aug 6, 2016 9:26am
​UC did massive cypher weekly(chart is around here) and put in nice monthly bar. Was looking gartley/abcd/tl confluence for long, NFP just a 618. She was trending....1618 above coincides with larger 886 not shown. Eyes on larger in play.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,352
  • Aug 6, 2016 9:35am Aug 6, 2016 9:35am
Have my own ideas about causes and solutions but I think it explains a lot. This did appear in NY Times article in July.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,353
  • Aug 6, 2016 9:42am Aug 6, 2016 9:42am
NFP and Carney for all their sound and fury haven't accomplished anything yet....​

It is a tale
Told by an idiot, full of sound and fury,
Signifying nothing.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,354
  • Aug 6, 2016 9:47am Aug 6, 2016 9:47am
​Little AU and then I stop, too many lurkers.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,355
  • Aug 6, 2016 9:50am Aug 6, 2016 9:50am
...​RBA and....? Why? Hmmm...

Now who are these non members that come here and read this on a weekend?
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,356
  • Aug 6, 2016 10:50am Aug 6, 2016 10:50am
Quoting Mr. Scott
...​RBA and....? Why? Hmmm... Now who are these non members that come here and read this on a weekend? {image}
​So usually I just talk to myself here and it is cool unless Mark or Ben stop by....

But blow em away NFP and ? So, September? Data dependent you know...Maybe but already tight into weak economy as evidenced above so how many more? Deflation seems more of a threat imo. But we have too many riding the pig and free money...oh what a tangled web we weave....

Ha, new theme for weekend I guess. No it is not MacBeth that one, it is Sir Walter Scott but mistakenly attributed to MacBeth. hey like to have a motif...

O, what a tangled web we weave,
When first we practise to deceive!
A Palmer too!--no wonder why
I felt rebuked beneath his eye:
I might have known there was but one,
Whose look could quell Lord Marmion.'
The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,357
  • Aug 6, 2016 10:54am Aug 6, 2016 10:54am
​Almost forgot some EU...That's what happens when start reading poems...


Think Ben had and posted the top.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,358
  • Aug 6, 2016 8:53pm Aug 6, 2016 8:53pm
Quoting Mr. Scott
​UC did massive cypher weekly(chart is around here) and put in nice monthly bar. Was looking gartley/abcd/tl confluence for long, NFP just a 618. She was trending....1618 above coincides with larger 886 not shown. Eyes on larger in play. {image}
You've been busy Scott.
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  • #5,359
  • Aug 6, 2016 8:55pm Aug 6, 2016 8:55pm
Quoting Mr. Scott
Have my own ideas about causes and solutions but I think it explains a lot. This did appear in NY Times article in July. {image}
Nice chart. Interesting to hear more of your thoughts.
  • #5,360
  • Aug 6, 2016 8:57pm Aug 6, 2016 8:57pm
Quoting Mr. Scott
​Little AU and then I stop, too many lurkers. {image}
Some thoughts. Industrial metals and A/U
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