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Mr. Scott's Crayon Thread

  • #5,721
  • Sep 7, 2016 2:20pm Sep 7, 2016 2:20pm
Quoting Mr. Scott
{quote} ab cd into sharkish, someone mentioned something about pound and sharks.....​ Careful cognitive bias and latching onto data that supports your view.... {image}
Good evening from sunny jersey I like your return back yo 61% could be 3170 ? Remember my m ? On track so far from Sunday 1 more dip left I think let's see if 3350 is now resistance. Regards B
  • #5,722
  • Sep 7, 2016 7:09pm Sep 7, 2016 7:09pm
Quoting squawk
{quote} Referring to the blogger: Seriously! Come on Jeffery. AN shouldn't drop below parity but yet maybe we will see H&S on NC go to 107. So that should also value AC at 107 back to where we were at the peak of the mining boom. Sure lets see 10 buck oil and no rate cuts from RBNZ. Why don't we just say NU will got to parity. Hell its just over a couple of thousand pips away, its not that much more than 107 for the NC. Plainly the RBNZ is not in a Rate increase cycle, but decreasing and is currently over valued for the yield. So would be different...

​ Good rant. Could have used a little shock and awe but think they want real estate under control.

Introducing students from Waikato Diocesan School for Girls, winners of the central bank's nationwide monetary policy challenge, he suggested that if it got too tough, one of them could sub in for him.
Wheeler then proceeded to give answers almost suggesting it might not matter who did his job.



http://www.stuff.co.nz/business/8308...much-he-can-do
The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,723
  • Sep 7, 2016 7:16pm Sep 7, 2016 7:16pm
Quoting elbert3
{quote} Good evening from sunny jersey I like your return back yo 61% could be 3170 ? Remember my m ? On track so far from Sunday 1 more dip left I think let's see if 3350 is now resistance. Regards B
Hey B,

Enjoy, know you had to get up early. That would be 50/886 shark there....
The world you desire can be won. It exists.. it is real.. it is possible..
  • #5,724
  • Sep 7, 2016 8:26pm Sep 7, 2016 8:26pm
Quoting Mr. Scott
{quote} ​ Good rant. Could have used a little shock and awe but think they want real estate under control. Introducing students from Waikato Diocesan School for Girls, winners of the central bank's nationwide monetary policy challenge, he suggested that if it got too tough, one of them could sub in for him. Wheeler then proceeded to give answers almost suggesting it might not matter who did his job. http://www.stuff.co.nz/business/8308...much-he-can-do
Good article Scott. I think its probably close but I think the guy completely screwed up with his flaky follow up comments after the event, in the press conference and through the radio .25. He totally wasted the cut. You think he would have been firm in his comments that they need to get the dollar under control and will continue to cut further. He would have been better not to have commented instead of the flaky comments he made. I wasn't thinking it but I think they may be forced to do a surprise cut in Sept if the Fed doesn't do anything.
  • #5,725
  • Sep 7, 2016 8:57pm Sep 7, 2016 8:57pm
New perspective, AN inverted. I have no levels so just a wait and see.
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  • #5,726
  • Sep 7, 2016 10:08pm Sep 7, 2016 10:08pm
Quoting squawk
New perspective, AN inverted. I have no levels so just a wait and see. {image} {image}
Nice idea, I like it. You're guiding my eye higher (lower). For now though we have another cypherish attempt to stem the flow.

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It's all about bucks, kid. The rest is conversation.
  • #5,727
  • Sep 7, 2016 11:26pm Sep 7, 2016 11:26pm
Dax- Gartley Day today? Or maybe even 11k day.

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It's all about bucks, kid. The rest is conversation.
  • #5,728
  • Sep 7, 2016 11:48pm Sep 7, 2016 11:48pm
Quoting Lalu
{quote} Nice idea, I like it. You're guiding my eye higher (lower). For now though we have another cypherish attempt to stem the flow. {image}
Needs to start taking out stops to the up. Not shorting but possible area if I was. Follow through to up taking out stops would be good.
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  • #5,729
  • Sep 7, 2016 11:57pm Sep 7, 2016 11:57pm
EG Interesting
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  • #5,730
  • Sep 7, 2016 11:58pm Sep 7, 2016 11:58pm
Hi there!

What about AUDUSD? this bullish rally kick my margen level so bad! I starting to worried... you guys think this pair will go down to neutral levels again? =S =S
  • #5,731
  • Sep 8, 2016 12:01am Sep 8, 2016 12:01am
Quoting Mr. Scott
{quote} Hey B, Enjoy, know you had to get up early. That would be 50/886 shark there....
Morning from sunny jersey let's see if mums right left uk at the right time as heavy rain today 😎
  • #5,732
  • Sep 8, 2016 12:31am Sep 8, 2016 12:31am
Quoting squawk
{quote} Needs to start taking out stops to the up. Not shorting but possible area if I was. Follow through to up taking out stops would be good. {image}
There's a gartley here but I think Last Week Low/382 trumps it. Other levels that look good coincide with weekly levels too. Are you out of your long now?

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It's all about bucks, kid. The rest is conversation.
  • #5,733
  • Sep 8, 2016 12:39am Sep 8, 2016 12:39am
Don't know if anyone watches other commodities but Coking Coal has had a huge run up and is prob the strongest run of all commodities. Approx 50% of world supply is mined in Australia and then approx 50% of that by BHP. Just can't see how these runs can be sustain with global slow down. I guess the steel shortfall prior to China ramping up more projects has caused the huge spike but 180 is a big zone from the down trend.

You can see how thin the liquidity is on the sell side. You wouldn't have wanted to be caught on the wrong side of that one, limit up, limit up, limit up.
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  • #5,734
  • Edited 1:25am Sep 8, 2016 12:56am | Edited 1:25am
Quoting Lalu
{quote} There's a gartley here but I think Last Week Low/382 trumps it. Other levels that look good coincide with weekly levels too. Are you out of your long now? {image}
Had to cover some but still have some in. I will lose those 100 below parity if it runs but still looking to add more longs and see how the week finishes out.

Weekly pivot is at 1.038
  • #5,735
  • Sep 8, 2016 2:03am Sep 8, 2016 2:03am
Quoting squawk
{quote} Had to cover some but still have some in. I will lose those 100 below parity if it runs but still looking to add more longs and see how the week finishes out. Weekly pivot is at 1.038
Got it.

I've not been paying too much attention to the coal price although I do have a couple of coal shares which have been doing well. That's some rise and difficult to imagine that it wont be falling back.
It's all about bucks, kid. The rest is conversation.
  • #5,736
  • Sep 8, 2016 2:06am Sep 8, 2016 2:06am
Quoting Lalu
{quote} Got it. I've not been paying too much attention to the coal price although I do have a couple of coal shares which have been doing well. That's some rise and difficult to imagine that it wont be falling back.
Yeah coking coal is not coal per say but is used in steal manufacturing so has been getting bumped up big time with steel.
  • #5,737
  • Sep 8, 2016 2:11am Sep 8, 2016 2:11am
Aussie getting the bid so far today.
  • #5,738
  • Edited 4:09am Sep 8, 2016 3:10am | Edited 4:09am
Trying this cypher2cypher on Dax with pitstop at cash open.

edit. nope. 2 dax trades, 2 b.e's. Always a bastard but has an extra spring in his bastard step today.

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It's all about bucks, kid. The rest is conversation.
  • #5,739
  • Edited 4:00am Sep 8, 2016 3:36am | Edited 4:00am
Au is in a steep bull channel (bear flag).

Previously has broken an upper TL but more side way than an healthy pullback

Now Just broke out a major Down TL.... the steep upper trend channel line is near.

The 4h candle is strong and completes the flag, could this be a fail final flag? Bears might be thinking to get in and bulls might take profits, still that break of the upper trend line going sideways does not convince me this is the best time based on the weight of the previous bears, but I might be wrong as usual....
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trading is simple but is simple is not easy.
  • #5,740
  • Sep 8, 2016 4:01am Sep 8, 2016 4:01am
Quoting Lalu
{quote} Nice idea, I like it. You're guiding my eye higher (lower). For now though we have another cypherish attempt to stem the flow. {image}
Nice one, Squawk, flipped his chart....
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The world you desire can be won. It exists.. it is real.. it is possible..
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