Mr. Scott's Crayon Thread | Page 354 | Forex Factory

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Mr. Scott's Crayon Thread

  • #7,061
  • Nov 16, 2016 2:01pm Nov 16, 2016 2:01pm
GU waiting.
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  • #7,062
  • Nov 16, 2016 2:46pm Nov 16, 2016 2:46pm
EU Gap still remains at 850 from Mondays open.
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  • #7,063
  • Nov 16, 2016 4:27pm Nov 16, 2016 4:27pm
Prior to OPEC meeting. Call options high.
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  • #7,064
  • Nov 16, 2016 4:33pm Nov 16, 2016 4:33pm
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  • #7,065
  • Nov 16, 2016 9:16pm Nov 16, 2016 9:16pm
AUDNZD
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  • #7,066
  • Edited 11:07pm Nov 16, 2016 9:32pm | Edited 11:07pm
Source Market Watch

OPEC members have proposed cutting production to 32.5-33 million b/d. The International Energy Agency estimated OPEC produced an average 33.83 million b/d in October.

Khalid al-Falih, Saudi Arabia's energy minister, was expected to meet with counterparts Alexander Novak of Russia and Mohammed Saleh Al Sada of Qatar on the sidelines of the Gas Exporting Countries Forum on Nov. 17 in Doha, the Wall Street Journal reported. Russia is not an OPEC member.

Separately, OPEC Sec. Gen. Mohammad Barkindo was said to be planning trips to Venezuela, Ecuador, and Iran in the coming days to discuss a production cut, the WSJ reported.

The flurry of diplomatic activity comes before OPECs Nov. 30 meeting scheduled for Vienna.

The level of involvement from Saudi Arabia is getting intense and it increases the odds of having an agreement by the end of the month, said Olivier Jakob, Petromatrix analyst.
  • #7,067
  • Nov 17, 2016 12:29am Nov 17, 2016 12:29am
Quoting squawk
AUDNZD {image}
Pretty accurate bat here

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It's all about bucks, kid. The rest is conversation.
  • #7,068
  • Nov 17, 2016 12:35am Nov 17, 2016 12:35am
Quoting Lalu
{quote} Pretty accurate bat here {image}
BAT looks good Ben. I have some position in here but have around 440 as possible to test and hold. See if it holds here but will be trading into 440
  • #7,069
  • Nov 17, 2016 12:43am Nov 17, 2016 12:43am
Quoting squawk
{quote} BAT looks good Ben. I have some position in here but have around 440 as possible to test and hold. See if it holds here but will be trading into 440
Makes sense
It's all about bucks, kid. The rest is conversation.
  • #7,070
  • Nov 17, 2016 12:50am Nov 17, 2016 12:50am
Quoting Lalu
{quote} Makes sense
Maybe, we will see. Im a bit concerned if Im making sense.
  • #7,071
  • Nov 17, 2016 7:36am Nov 17, 2016 7:36am
https://www.federalreserve.gov/newse...n20161117a.htm


The FOMC continues to expect that the evolution of the economy will warrant only gradual increases in the federal funds rate over time to achieve and maintain maximum employment and price stability. This assessment is based on the view that the neutral federal funds rate--meaning the rate that is neither expansionary nor contractionary and keeps the economy operating on an even keel--appears to be currently quite low by historical standards. Consistent with this view, growth in aggregate spending has been moderate in recent years despite support from the low level of the federal funds rate and the Federal Reserve's large holdings of longer-term securities. With the federal funds rate currently only somewhat below estimates of the neutral rate, the stance of monetary policy is likely moderately accommodative, which is appropriate to foster further progress toward the FOMC's objectives. But because monetary policy is only moderately accommodative, the risk of falling behind the curve in the near future appears limited, and gradual increases in the federal funds rate will likely be sufficient to get to a neutral policy stance over the next few years.


We could argue DEC gets them neutral, so what could change it? hmmmm....
The world you desire can be won. It exists.. it is real.. it is possible..
  • #7,072
  • Nov 17, 2016 1:10pm Nov 17, 2016 1:10pm
EU
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It's all about bucks, kid. The rest is conversation.
  • #7,073
  • Edited 1:48pm Nov 17, 2016 1:21pm | Edited 1:48pm
Quoting Lalu
EU {image}
No much reaction for now though. 56 is an area I am watching. But all markets are pointing to new low at the moment.

EDIT - Sorry wrong chart...... Nice harmonics.
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  • #7,074
  • Nov 17, 2016 1:29pm Nov 17, 2016 1:29pm
One way bond market at the moment.
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  • #7,075
  • Nov 17, 2016 1:31pm Nov 17, 2016 1:31pm
2 year.
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  • #7,076
  • Edited 8:21am Nov 18, 2016 6:56am | Edited 8:21am
Quoting squawk
{quote} 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.
currently, I am trying to understand it. seems it offers clearer pullback and breakout setups than MAs.
Voll Verdienst, doch dichterisch, wohnt der Mensch auf der Erde.
  • #7,077
  • Nov 18, 2016 6:57am Nov 18, 2016 6:57am
Quoting Lalu
{quote} Pretty accurate bat here {image}
Had bat at alt now, like look got some before, maybe fall a little short...
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #7,078
  • Nov 18, 2016 7:01am Nov 18, 2016 7:01am
GA, did not catch it PA looks like a reversal.
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Voll Verdienst, doch dichterisch, wohnt der Mensch auf der Erde.
  • #7,079
  • Nov 18, 2016 8:17am Nov 18, 2016 8:17am
UC, "shark" confluences with "larger crab"
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Voll Verdienst, doch dichterisch, wohnt der Mensch auf der Erde.
  • #7,080
  • Nov 18, 2016 8:21am Nov 18, 2016 8:21am
Quoting fxderek
GA, did not catch it PA looks like a reversal. {image}
Like where that 1618 is as well....
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The world you desire can be won. It exists.. it is real.. it is possible..
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