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Mr. Scott's Crayon Thread

  • #7,581
  • Edited 2:07pm Jan 10, 2017 1:21pm | Edited 2:07pm
Some thoughts NU and AU. Lagging test level at the moment.

FOMC levels already tested on Euro, Cad and some others. CAD level matches Jims channel hes posted yesterday.
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  • #7,582
  • Jan 10, 2017 1:23pm Jan 10, 2017 1:23pm
Quoting Mr. Scott
Notes from today.... {image}
Are you trading this a lot Scott?
  • #7,583
  • Jan 10, 2017 1:28pm Jan 10, 2017 1:28pm
Quoting albchr
{quote} If it holds to it's normal moves, I'd say probably. Even if it has to do it in spikes like both the Trump and ECB you have marked. But I still don't trade it.
Hi Level of correlation on EU and JPY at the moment. Moving in Sync
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  • #7,584
  • Jan 10, 2017 1:43pm Jan 10, 2017 1:43pm
Quoting squawk
{quote} Hi Level of correlation on EU and JPY at the moment. Moving in Sync {image}
Interesting. (Never viewed that before) Is that not usually the case Squawk? I'd think with both EUR and JPY being so dependent on the $ it would be?
Ghost Rider - WWTBMD?
  • #7,585
  • Edited 9:42pm Jan 10, 2017 2:00pm | Edited 9:42pm
Quoting albchr
{quote} Interesting. (Never viewed that before) Is that not usually the case Squawk? I'd think with both EUR and JPY being so dependent on the $ it would be?
Yep just means, as you said "it,s all about the dollar at the moment". So which pair you choose is really quite irrelevant at the moment, unless of course its the cable or IM currencies.

Mind you they nearly always meet their objects, some faster than others. i.e EU test FOMC level AU not at the moment EA short.
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  • #7,586
  • Jan 10, 2017 2:07pm Jan 10, 2017 2:07pm
Quoting squawk
{quote} Yep just means, as you said "it,s all about the dollar at the moment". So which pair you choose is really quite irrelevant long term, unless of course its the cable or IM currencies. {image}
Gotcha! ... you know me, I need to keep it simple.
Ghost Rider - WWTBMD?
  • #7,587
  • Jan 10, 2017 2:09pm Jan 10, 2017 2:09pm
Quoting albchr
{quote} Gotcha! ... you know me, I need to keep it simple.
Yeah! gotcha........ simple is always best.
  • #7,588
  • Jan 10, 2017 2:25pm Jan 10, 2017 2:25pm
So who will move the market more, Trump or Yellen?

I'm thinking Trumps upcoming press conference!!
  • #7,589
  • Jan 10, 2017 2:40pm Jan 10, 2017 2:40pm
Quoting squawk
So who will move the market more, Trump or Yellen? I'm thinking Trumps upcoming press conference!!
Trump has an upcoming press conference? The way he hates the press? That should be interesting. I figured he'd just Tweet anything he has to say ... lol

Yellen? She's just a dud and it still amazes me that any market participants would react one way or the other to anything she says. Which, by and large, is nothing really.

If there's a God, the age of big, over-bloated, elite and totally out of touch government(s) is on the way out and coming to an end.
Ghost Rider - WWTBMD?
  • #7,590
  • Jan 10, 2017 4:06pm Jan 10, 2017 4:06pm
Yeah I agree Chris, Trump should move the market. All depends I guess if hr has much to say about spending and tax reform. Unfortunately! I think the age of entitlement and elitism never ends, it just re-invents itself.
  • #7,591
  • Jan 10, 2017 4:29pm Jan 10, 2017 4:29pm
Quoting squawk
Yeah I agree Chris, Trump should move the market. All depends I guess if hr has much to say about spending and tax reform. Unfortunately! I think the age of entitlement and elitism never ends, it just re-invents itself.
Very true my friend. But, being the optimistic realist I am, between Brexit and the absolutely overwhelming throwing out of the progressive left elites here in the states, I can hope ..... can't I? ... .... LOL

If a few other nation's peoples find any strength by the above examples, we at least have a shot at righting the ship again. But I know here in the states we'll need at least 8 years of Trump and then another 8 with the same setup to make any real, lasting change possible. Americans (like most others around the world) have short memories so that may be a lot to ask for. But I figure, if you're gonna ask, Ask Big!
Ghost Rider - WWTBMD?
  • #7,592
  • Jan 10, 2017 6:29pm Jan 10, 2017 6:29pm
Quoting squawk
{quote} Are you trading this a lot Scott?
Yes lately been a long time but getting back into it.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #7,593
  • Edited 7:04pm Jan 10, 2017 6:52pm | Edited 7:04pm
Quoting gnomoneey
{quote} Thanks Ben i've been noticing when an harmonic level is attained a typical sell is done. How low 1175 1160
what about this.....

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or this scenario

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Wooooohooooo or Boooooohooooo
  • #7,594
  • Jan 10, 2017 7:47pm Jan 10, 2017 7:47pm
Quoting gnomoneey
{quote} what about this..... xauusdjan112017bullishdeepcrab.png;2134334 or this scenario xauusdjan112017bearishdeepcrab1195.png;2134360 {image} {image}
Interesting G
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Ghost Rider - WWTBMD?
  • #7,595
  • Jan 10, 2017 7:56pm Jan 10, 2017 7:56pm
Quoting albchr
{quote} Interesting G {image}
what about this chris

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Wooooohooooo or Boooooohooooo
  • #7,596
  • Jan 10, 2017 8:05pm Jan 10, 2017 8:05pm
Quoting gnomoneey
{quote} what about this chris xauusdjan112017bearishcrab.png;2134412 {image}
All within a few points buddy. 4H structure (as of now) looks like a possible drop to 1173 and bounce. Could make a nice buy.
Ghost Rider - WWTBMD?
  • #7,597
  • Edited Jan 11, 2017 1:25am Jan 10, 2017 9:25pm | Edited Jan 11, 2017 1:25am
EM pairs. I know no one here trades but interesting levels.

SA Rand and BRAZ Real.

Real obviously had a better bid than AUD so far on commodity run but structure looks closed.
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  • #7,598
  • Jan 11, 2017 2:16am Jan 11, 2017 2:16am
Trumps speech schedule

http://www.usatoday.com/story/news/p...ence/96393132/
  • #7,599
  • Jan 11, 2017 2:40am Jan 11, 2017 2:40am
Quoting squawk
Trumps speech schedule http://www.usatoday.com/story/news/p...ence/96393132/
Talk about OMG event risk.... foot in mouth syndrome meets a terrified financial system.... lets see, should get the pop corn out
  • #7,600
  • Edited 4:33am Jan 11, 2017 4:22am | Edited 4:33am
EU -Got an eye on 2017 open. There's a deep crab there.

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It's all about bucks, kid. The rest is conversation.
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