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Mr. Scott's Crayon Thread

  • #7,041
  • Nov 15, 2016 2:06pm Nov 15, 2016 2:06pm
Quoting squawk
{quote} Good luck Ben, Couple of nice returns to the downside to be filled on the bullish run so far. I think 110 looks like a run. {image}
Thanks but busted. Es la vida.
It's all about bucks, kid. The rest is conversation.
  • #7,042
  • Nov 15, 2016 2:13pm Nov 15, 2016 2:13pm
Quoting squawk
{quote} Hi Derek, Still very bullish and don't want to give advice but I would just be careful chasing the longs here.
Hi,Squawk. I know it, just opinion. I reentered with smaller potion at where I just have closed before, it is my decision
Voll Verdienst, doch dichterisch, wohnt der Mensch auf der Erde.
  • #7,043
  • Nov 15, 2016 2:23pm Nov 15, 2016 2:23pm
Quoting fxderek
{quote} Hi,Squawk. I know it, just opinion. I reentered with smaller potion at where I just have closed before, it is my decision
No worries Derek.

I see you are using TradingView. I use TradeStation and TradingView.

I don't know your level of knowledge for trading but a tool I commonly use is Average True Range. We all get our views and often see in the chart what we are thinking in our heads. Every trader needs a tool to slap them in the face and tell them they could be wrong. I find the Average True Range has always been the best at reflecting true pricing and price action that can tell your mind that you could be wrong.

As Mike Tyson once said, everyone has a plan until they get punched in the face. Or from a traders point of view, every trader has a plan until they let the market run against them and throw out their risk management.

If you go to TradinngView go to add indicators and Average True Range Trailing Stops. It was written by a guy called Sylvain and is nicely done. I have used ATR for years and you can change the Periods if you want. I have always used 5 and 3.5 for stops to tell me to look to exit. You can turn it of and on with the hide buttom as needed.

Obviously depends on your time frame if your are scalping, swinging or positioning as to which time frame you will use exiting. But also useful tool to provide a rule set for re-entering with the trend and momentum.
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  • #7,044
  • Nov 15, 2016 6:15pm Nov 15, 2016 6:15pm
Quoting Mr. Scott
{quote} Hindsight is 20/20 but maybe it helps my friend, maybe it doesn't..... {image}
Mr. Scott. When you do it, I see it. I can't see to do it. I been watch'in U and Lalu map charts for bout 3 years. I have calculated -- using the Clinton pre election "speech rate calculator" that you and Lalu each have 1,389,468,226 more "FX smart brain cells" than I have. I will continue my education. Eventually my simple little lines will take on the form of bats, sharks and butterflys!!
Defending Truth, Capitalism and the US Constitution
  • #7,045
  • Nov 15, 2016 11:15pm Nov 15, 2016 11:15pm
Fed now in the 90% rate for market. It's come a long way in a week.
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  • #7,046
  • Nov 16, 2016 12:31am Nov 16, 2016 12:31am
Quoting squawk
{quote} No worries Derek. I see you are using TradingView. I use TradeStation and TradingView. I don't know your level of knowledge for trading but a tool I commonly use is Average True Range. We all get our views and often see in the chart what we are thinking in our heads. Every trader needs a tool to slap them in the face and tell them they could be wrong. I find the Average True Range has always been the best at reflecting true pricing and price action that can tell your mind that you could be wrong. As Mike Tyson once said, everyone has a plan...
Thanks Squawk. It seems interesting. But my broker did not supported by tradingview, so I use it just to find some larger harmonic patterns, then keep a eye on
Voll Verdienst, doch dichterisch, wohnt der Mensch auf der Erde.
  • #7,047
  • Nov 16, 2016 6:51am Nov 16, 2016 6:51am
No surprise, place to look. Many above but good place to pb, maybe even structure....
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #7,048
  • Nov 16, 2016 6:58am Nov 16, 2016 6:58am
Quoting Mr. Scott
{quote} Hindsight is 20/20 but maybe it helps my friend, maybe it doesn't..... {image}
Inserted Video
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #7,049
  • Nov 16, 2016 8:39am Nov 16, 2016 8:39am
Quoting squawk
{quote} Hi Derek I have this. Would be watching the bond market as well for signs of exhaustion if I was shorting. There seems to be a big move of capital at the moment, My Historic chart and current chart. {image} {image}
Hi,Squawk. find a INDI called ATR Stop on ctrader( I currently use for trade) as for scalp, 3.5 is a little bit wide for me to set SL, 2.0 to 2.2 is acceptable for me. And I rechecked the weekly chart of UJ. Think that it is still bearish before it break 111.4 . But with this momentum, there is some second entry signal could be expected.
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Voll Verdienst, doch dichterisch, wohnt der Mensch auf der Erde.
  • #7,050
  • Nov 16, 2016 9:09am Nov 16, 2016 9:09am
Quoting Mr. Scott
No surprise, place to look. Many above but good place to pb, maybe even structure.... {image}
we are back to 382, 50 = 1618
The world you desire can be won. It exists.. it is real.. it is possible..
  • #7,051
  • Nov 16, 2016 9:15am Nov 16, 2016 9:15am
Dax found a alt gartley style with mpp back up. There's still a one winged butterlfy at DS3/597ish. Upside I reckon 10750 again.

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It's all about bucks, kid. The rest is conversation.
  • #7,052
  • Nov 16, 2016 9:17am Nov 16, 2016 9:17am
Quoting Mr. Scott
{quote} we are back to 382, 50 = 1618
That's the one. I just know it.
It's all about bucks, kid. The rest is conversation.
  • #7,053
  • Nov 16, 2016 9:23am Nov 16, 2016 9:23am
AC, looks like a climax
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Voll Verdienst, doch dichterisch, wohnt der Mensch auf der Erde.
  • #7,054
  • Nov 16, 2016 9:39am Nov 16, 2016 9:39am
Quoting fxderek
AC, looks like a climax {image}
AU, BAT + SHARK +confluence
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Voll Verdienst, doch dichterisch, wohnt der Mensch auf der Erde.
  • #7,055
  • Nov 16, 2016 9:47am Nov 16, 2016 9:47am
Quoting fxderek
AC, looks like a climax {image}
well, seems someone craze just took part
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Voll Verdienst, doch dichterisch, wohnt der Mensch auf der Erde.
  • #7,056
  • Nov 16, 2016 10:29am Nov 16, 2016 10:29am
Quoting fxderek
AC, looks like a climax {image}
AC - Got my eye on this

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It's all about bucks, kid. The rest is conversation.
  • #7,057
  • Nov 16, 2016 12:16pm Nov 16, 2016 12:16pm
Quoting Lalu
{quote} AC - Got my eye on this {image}
Hi Ben, thanks for reply.I think there is some supply around this zone. But PA looks ugly now
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Voll Verdienst, doch dichterisch, wohnt der Mensch auf der Erde.
  • #7,058
  • Nov 16, 2016 1:43pm Nov 16, 2016 1:43pm
Quoting squawk
Have some nice positions in here. Pretty bearish at the moment, could not close the market. See what happens with Asian session. {image} {image} {image}
Close all NC will wait for a pullback. OPEC is the main catalyst for tis pair over coming weeks. I like a further down but extended into area at the moment.
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  • #7,059
  • Nov 16, 2016 1:44pm Nov 16, 2016 1:44pm
AC as well same deal.
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  • #7,060
  • Nov 16, 2016 1:48pm Nov 16, 2016 1:48pm
Quoting fxderek
{quote} Hi,Squawk. find a INDI called ATR Stop on ctrader( I currently use for trade) as for scalp, 3.5 is a little bit wide for me to set SL, 2.0 to 2.2 is acceptable for me. And I rechecked the weekly chart of UJ. Think that it is still bearish before it break 111.4 . But with this momentum, there is some second entry signal could be expected. {image}
I use mainly to trade against my emotions. Keeps me in check, in a trade and out. I have used it for a long time so you will will find your setting. The time frame it breaks on is usually the time frame it continues on. Its all about the levels, price and the volume as you don't want to get washed around.
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