ABC - Always Be Charting

What a crazy day for the Pound!   There is nothing like making 500 pips within minutes or even seconds.  Thank you Brexit :)  One can get caught up in the volatility and be distracted by all the noise.   Maybe not right away but give it 10, 20, 30 minutes, and if you aren't careful you can lose oversight.

Don't forget your ABC's!

Always Be Charting...  when you are waiting for a setup, as you're monitoring a trade, ever so often, review your charts from lowest to highest time frame,  look for Fibonacci's on news events, big moves, and be sure to check your support, resistance, and trendlines across multiple time frames and redraw where necessary.  You always want to stay on top of current market conditions and setups, so don't let all the noise distract you, stay on top of your game and keep on pipping!

Handy MT4 Script - Draw Ellipse

Here is a handy MT4 script that I've written to draw an Ellipse to wherever you drop it.

Just drag and drop the script and voila.  You have an Ellipse.

The script automatically sizes the Ellipse regardless of time frame and currency pair.
Much easier than using the built in draw ellipse functionality.

Here a sample screenshot:

Download the Script here:
Draw Ellipse.ex4   Draw Ellipse.mq4  

For the latest version check here:
http://www.forexfactory.com/showthread.php?t=532055