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Mr. Scott's Crayon Thread

  • #8,381
  • Mar 7, 2017 1:07pm Mar 7, 2017 1:07pm
GN Holding top of range, GU low of range and NU continuing down trend but running into heaving buying area.

Im only in the NU and GN trades but GU looking to setup soon in this area unless we get another political rhetoric.
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  • #8,382
  • Mar 7, 2017 1:10pm Mar 7, 2017 1:10pm
Quoting squawk
Some gold. In short from Friday waiting to see how it plays out from this level. {image} {image}
Im liking this trade so far and remaining short.
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  • #8,383
  • Mar 7, 2017 4:26pm Mar 7, 2017 4:26pm
Iron Ore prices still coming off.

I agree with this guy to a point and think we will get a response just like Coking Coal. There is over supply of steel and that has to re-balance sooner or later with increase offshore production ramping up. My position to take the trade is on the more conservative trade AC.

First chart is AU and Iron, followed by Iron and Coking

http://www.theaustralian.com.au/busi...6f63a84ee29452
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  • #8,384
  • Mar 7, 2017 4:50pm Mar 7, 2017 4:50pm
This is from Hedgeye

https://app.hedgeye.com/insights/576...ears-are-wrong

The data is there and spiking all over the place but for me a look at history will show mostly that both, Commodities and bonds turn 6 to 12 months prior to correction in equities. This is rational argument based on commodities hitting inflation, bonds yields increasing on inflationary data and money starting to exit equities for the treasury yields. I think its a simple equation with 10 year treasury yields seeing the flow of money moving away from equities and into bonds on higher yields. For me the magic number is 3%.
  • #8,385
  • Mar 7, 2017 4:51pm Mar 7, 2017 4:51pm
Some AC
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  • #8,386
  • Mar 7, 2017 9:20pm Mar 7, 2017 9:20pm
Quoting Mr. Scott
{quote} still fun maybe just not as much {image}
No not as much fun...
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #8,387
  • Mar 7, 2017 11:46pm Mar 7, 2017 11:46pm
Quoting squawk
GN Holding top of range, GU low of range and NU continuing down trend but running into heaving buying area. Im only in the NU and GN trades but GU looking to setup soon in this area unless we get another political rhetoric. {image} {image} {image}
same view on NZD
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Voll Verdienst, doch dichterisch, wohnt der Mensch auf der Erde.
  • #8,388
  • Mar 8, 2017 2:05am Mar 8, 2017 2:05am
Quoting squawk
{quote} Im liking this trade so far and remaining short. {image} {image}
You were spot on with that turning point. Nice job.
It's all about bucks, kid. The rest is conversation.
  • #8,389
  • Mar 8, 2017 2:21am Mar 8, 2017 2:21am
[quote=Stu Effex;9637455]{quote} It's survival is in the hands of the pip gods now ? Maybe some dessert for these or main course only {image}[/quote


No dessert for either.

Had a Short go down on AN too. No big deal in itself but highly likely that would have been positive if in the chair. For me there is no substitute for seeing the whites of the markets eyes. It was a limit.

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Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #8,390
  • Mar 8, 2017 2:24am Mar 8, 2017 2:24am
Quoting squawk
Some AC {image}
Got the same. Took the A to B. Now on C to D(99ish the plan)
It's all about bucks, kid. The rest is conversation.
  • #8,391
  • Mar 8, 2017 2:35am Mar 8, 2017 2:35am
Quoting Lalu
{quote} Got the same. Took the A to B. Now on C to D(99ish the plan)
Like your style Ben
  • #8,392
  • Mar 8, 2017 2:38am Mar 8, 2017 2:38am
[quote=Stu Effex;9639400]
Quoting Stu Effex
{quote} It's survival is in the hands of the pip gods now ? Maybe some dessert for these or main course only {image}[/quote No dessert for either. Had a Short go down on AN too. No big deal in itself but highly likely that would have been positive if in the chair. For me there is no substitute for seeing the whites of the markets eyes. It was a limit. {image}
Hi Stu I pulled out of all my AN trades today. I suspect its final destination is the 110 but not enough there anymore for me at the moment.
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  • #8,393
  • Mar 8, 2017 2:48am Mar 8, 2017 2:48am
[quote=squawk;9639493]
Quoting Stu Effex
{quote} Hi Stu I pulled out of all my AN trades today. I suspect its final destination is the 110 but not enough there anymore for me at the moment. {image}
Nice trades Squawk EDIT: I agree on weekly 110 looks like a magnet

I see you and Ben are in AC. Good Luck.

That black line might be something to consider going forward, it had a 4 or 5 week running jump at it before it went through so may not give it up too easy ?
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Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #8,394
  • Mar 8, 2017 3:42am Mar 8, 2017 3:42am
[quote=Stu Effex;9639532]
Quoting squawk
{quote} Nice trades Squawk EDIT: I agree on weekly 110 looks like a magnet I see you and Ben are in AC. Good Luck. That black line might be something to consider going forward, it had a 4 or 5 week running jump at it before it went through so may not give it up too easy ? {image}
Thanks Stu,

AC looks good to me at the moment. Will keep your level in mind.
  • #8,395
  • Mar 8, 2017 3:59am Mar 8, 2017 3:59am
Quoting Mr. Scott
{quote} think 2173 or so but no
Morning boss what do you have on the weekly retrace ? Regards B
  • #8,396
  • Mar 8, 2017 5:51am Mar 8, 2017 5:51am
Quoting elbert3
{quote} Morning boss what do you have on the weekly retrace ? Regards B
Hey B,
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #8,397
  • Mar 8, 2017 5:58am Mar 8, 2017 5:58am
[quote=squawk;9639493]
Quoting Stu Effex
{quote} Hi Stu I pulled out of all my AN trades today. I suspect its final destination is the 110 but not enough there anymore for me at the moment. {image}
Nice job Squawk
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #8,398
  • Mar 8, 2017 9:37am Mar 8, 2017 9:37am
Quoting Mr. Scott
{quote} Hey B, {image}
Thanks boss few out between us but hey ho . Hope your good been a bit busy . And waiting For a nut to be removed lol regards B
  • #8,399
  • Mar 8, 2017 1:03pm Mar 8, 2017 1:03pm
[quote=Mr. Scott;9640277]
Quoting squawk
{quote} Nice job Squawk {image}
Thanks Scott
  • #8,400
  • Mar 8, 2017 1:25pm Mar 8, 2017 1:25pm
Quoting Mr. Scott
{quote} Hey B, {image}
I know we are all watching this area but just some of my thoughts for a closer look for setup.
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