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Mr. Scott's Crayon Thread

  • #6,381
  • Oct 6, 2016 4:36am Oct 6, 2016 4:36am
Quoting squawk
{quote} Mmmmm some crab extensions. {image}
reaction 886,113, lends credence
The world you desire can be won. It exists.. it is real.. it is possible..
  • #6,382
  • Oct 6, 2016 4:56am Oct 6, 2016 4:56am
Quoting Lalu
{quote} Gold making a decision here I think. I rather hope it collapses enough to break the resolve of Junior miner BTDippers. I would really like to load up in that department. {image}
I'm just waiting this out at the moment.

It was getting ripped and needs a little unwind. I think there might be some more profit taking? hard to tell at the moment. I have some levels marked including this one but am hesitant at the moment. Would love it to drop to lower but not sure if that will happen unless stops get triggered. Its heavy long so if it does make it through 1200 I think we would could get a run down on stops.

Both GOLD and Silver were large long positions to record so needed to cut back.

Unfortunately the long positioning is for Silver. I have similar for gold and it is similar to the Silver chart but can't find it but peaked at around 486 again all time high in positioning. Gold spec positioning has been cut back and OI drop.

Still big bias to long so just a matter of where profit taking finishes and or stops get run.
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  • #6,383
  • Oct 6, 2016 5:02am Oct 6, 2016 5:02am
Quoting Mr. Scott
{quote} reaction 886,113, lends credence
Just for you Scott. ..... I know you like sharky. Looks like still on the up at present though. Dam no sharks in those emoticons, whale will have to do

Edit wrong chart Scott thought you were referring to GN.
  • #6,384
  • Oct 6, 2016 5:12am Oct 6, 2016 5:12am
Quoting squawk
{quote} Just for you Scott. ..... I know you like sharky. Looks like still on the up at present though. Dam no sharks in those emoticons, whale will have to do Edit wrong chart Scott thought you were referring to GN.
Yes I see not entirely clear to me, but 113 shark is 786 of swing which would be cypherish. ab cd dt we are at 886 shark now.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #6,385
  • Oct 6, 2016 5:12am Oct 6, 2016 5:12am
Quoting squawk
{quote} I'm just waiting this out at the moment. It was getting ripped and needs a little unwind. I think there might be some more profit taking? hard to tell at the moment. I have some levels marked including this one but am hesitant at the moment. Would love it to drop to lower but not sure if that will happen unless stops get triggered. Its heavy long so if it does make it through 1200 I think we would could get a run down on stops. Both GOLD and Silver were large long positions to record so needed to cut back. Unfortunately the long positioning...
I held a silver junior for three years and it managed to sell its main asset in Jan16 So on the lookout for another go. On the plus side I held my coal stocks.
It's all about bucks, kid. The rest is conversation.
  • #6,386
  • Oct 6, 2016 5:26am Oct 6, 2016 5:26am
Quoting Lalu
{quote} I held a silver junior for three years and it managed to sell its main asset in Jan16 So on the lookout for another go. On the plus side I held my coal stocks.
Reading this last month. Any of these would have been nice.... nice with the Coal Ben.

http://www.mining.com/web/5-best-gol...tocks-in-2016/

Thats it for me.
  • #6,387
  • Oct 6, 2016 6:30am Oct 6, 2016 6:30am
Quoting Mr. Scott
Little UJ, call it extended gartely for bottom, expected based on momentum. I observe UJ is morphing now, eyes on her. {image}
thanks for the chart Scottpost
In trading, you have to be defensive and aggressive at the same time
  • #6,388
  • Oct 6, 2016 7:48am Oct 6, 2016 7:48am
Quoting squawk
{quote} Hi Derek, There is some but I think limited downside and more to the upside. To me the longer term price action reflects the cut in April from MAS and has held those lows. From what I know Singapore economy is sluggish, property price starting to decline and MAS likely to cut rates again soon. Short term I agree with you you may have something there but longer term with Fed hike the 161 area is where I see. I think the longer term probability is up (Just my thoughts). Good luck which ever way you go. {image}
Hi, squawk, I would like to thank you again for your advice.
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Voll Verdienst, doch dichterisch, wohnt der Mensch auf der Erde.
  • #6,389
  • Oct 6, 2016 7:53am Oct 6, 2016 7:53am
Hello Scott, Lalu, ItsAtrap & Squa

This is just to say thx and update my result with EG
As I said I was short in EG from the range 0.8625-0.8675 and waited until it turn due to brexit news i was trap in the wrong side and waited with full hope and no way out and relized I was trapped and today what I did was , opened Buy trade worth of three times of the lots size [of the total shorts], at a good uptrend and once the EG came to reasonable and acceptable loss range after USA news, I just now exit EG during @0.8845-0.8848 and feel MUCH BETTER.

thanks for your support and hints.
LEARN T A GOOD LESSON....!!!!

thnaks again.
regards
imdi
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  • #6,390
  • Oct 6, 2016 7:56am Oct 6, 2016 7:56am
Lopsided deep crab

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It's all about bucks, kid. The rest is conversation.
  • #6,391
  • Oct 6, 2016 8:31am Oct 6, 2016 8:31am
Quoting Lalu
Lopsided deep crab {image}
Zooming out to Monthly the most accurate line seems to land at 1.24ish. And that could pave the way for the larger pattern on H4 @ 1.2359

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It's all about bucks, kid. The rest is conversation.
  • #6,392
  • Oct 6, 2016 8:45am Oct 6, 2016 8:45am
Quoting Lalu
Lopsided deep crab {image}
Have been just going around liking your posts, as same. Not sure how that notification works around here.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #6,393
  • Oct 6, 2016 11:31am Oct 6, 2016 11:31am
Quoting Lalu
Lopsided deep crab {image}
And she did... a shark. where is the emoticon thesaurus? Is that a whale or shark and if so, why the h*ll do I have every animal on the planet but no sharks.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #6,394
  • Edited 5:05pm Oct 6, 2016 2:56pm | Edited 5:05pm
Quoting fxderek
{quote} Hi, squawk, I would like to thank you again for your advice. {image}
Hi Derek, glad you did well but please just an opinion/idea not advice.

  • #6,395
  • Oct 6, 2016 3:08pm Oct 6, 2016 3:08pm
Quoting squawk
{quote} Morning Ben, GN has same setup if it retraces. {image}
GN coming into decision time.
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  • #6,396
  • Oct 6, 2016 3:16pm Oct 6, 2016 3:16pm
SPX and AU

SPX holding upper range, don't see a follow through on AU to downside unless SPX weakens.
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  • #6,397
  • Oct 6, 2016 7:15pm Oct 6, 2016 7:15pm
Quoting squawk
{quote} GN coming into decision time. {image} {image} {image}
Hope you held onto that GN my friend.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #6,398
  • Edited 9:56pm Oct 6, 2016 8:41pm | Edited 9:56pm
Quoting Mr. Scott
{quote} Hope you held onto that GN my friend.
I would like to say yes, can I say yes? but unfortunately no. I closed them just prior as had to take dog for walk. That dog I tell you it cost me. 850 pip drop in 10 mins. Lots of people would have lost a lot of money on that move. I,m sure longs would have already been stretched from 130. You don't see that every day on zero news, I think they call that a fat finger flash crash. Would you think that is a climax???? Thats got to bring buyers into the market and brings in cautious opportunity with Cable at 120 (priced for disaster.)

In reality we are talking about the lose of passports rights and what that means to UK economy. This article has some stats on lose of passport to UK economy http://www.businessinsider.com.au/br...-rights-2016-9 but then sure you will also get a bump in other areas such as manufacturing and tourism. Largest exports for UK are Cars, Gold then Crude. Gold exports alone are worth 37 billion and the passports rights contribute 9 billion to UK revenues. This is comparable to their exports in aircrafts which contributes 2.2% to UK revenues. So are we talking 2% of revenues lost if they lose passport rights. How much slack would get taken up in other areas?

I'm not sure and don't confess to fully understand but the market reaction, prior to even any deal getting done is now way over cooked you would think.

Funny when you map things out on a chart, you think to yourself "theres no way that extension can be reached". I had the 1 extension mapped out after Brexit vote on GN and thought the above.
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  • #6,399
  • Oct 6, 2016 9:22pm Oct 6, 2016 9:22pm
I like this guys, mainly because he agrees with my opinions especially on the NC.

http://ampgfxcapital.com/reports/dow...al-nzd-vs-cad/
  • #6,400
  • Oct 6, 2016 9:45pm Oct 6, 2016 9:45pm
Quoting squawk
{quote} I would like to say yes, can I say yes? but unfortunately no. I closed them just prior as had to take dog for walk. That dog I tell you it cost me. 850 pip drop in 10 mins. Lots of people would have lost a lot of money on that move. I,m sure longs would have already been stretched from 130. You don't see that every day on zero news, I think they call that a fat finger flash crash. Would you think that is a climax???? Thats got to bring buyers into the market and brings in cautious opportunity with Cable at 120 (priced for disaster.) Funny...
Ah too bad, I am such a genius closed for the day on retest of bottom. Reminds me of swissy move, I was not around but I would have bought that 5 min candle. Funny, had this for a while, never posted it as too far away. Can't say anything bad about the dog, love dogs. Gonna see how lot of big charts close, lots valid e.g. EG still valid weekly/monthly.
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The world you desire can be won. It exists.. it is real.. it is possible..
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