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Flying Dutchman

  • #10,741
  • Oct 8, 2024 11:36pm Oct 8, 2024 11:36pm
Hello,
Have a green pip day to everyone.
I need help with an indicator that can draw a line and add text next to it
Anyone available that can help?
Thanks a lot!
https://www.forexfactory.com/attachm...l?d=1724988368
  • #10,742
  • Edited 4:06am Oct 9, 2024 3:07am | Edited 4:06am
Quoting JesseNguyen
Hello, Have a green pip day to everyone. I need help with an indicator that can draw a line and add text next to it Anyone available that can help? Thanks a lot! {image}
jDD Drawing Tool comes to mind, though I haven't used it for quite a while.

Lines, Rectangles, Custom Text, Price etc.

https://www.forexfactory.com/thread/...5#post14062745

Attached File(s)
File Type: ex4 jDD_Drawingtool.ex4   396 KB | 227 downloads


FXArt has also done some amazing Drawing Tools for MT4 & MT5 , watch the videos :

https://www.forexfactory.com/thread/...2#post14936822

Link to Tools (zip file) :

https://www.forexfactory.com/attachm...6?d=1721351528
It never gets easier, you just get better
  • #10,743
  • Oct 9, 2024 8:53am Oct 9, 2024 8:53am
Today: Crude oil
Setup
Ye Old Faithful ,,,,, RoadMap
yesterday WBD set up...Water Balloon Drop

Set up beautifully on lower TFs 1-5...

Double Top
AT Prev Day Close(settlement)
AT Vol POC
AT 200sma

Timings Levels Behaviour of Price

Attached Image (click to enlarge)
Click to Enlarge Name: CL1!_2024-10-09 1min POC ROadMap short.png Size: 69 KB

Attached Image (click to enlarge)
Click to Enlarge Name: CL1!_2024-10-09 5 min short POC RoadMap.png Size: 60 KB
Master your Mind,,,Master the Market
  • #10,744
  • Oct 9, 2024 9:04am Oct 9, 2024 9:04am
Quoting bluesteele
Today: Crude oil Setup Ye Old Faithful ,,,,, RoadMap yesterday WBD set up...Water Balloon Drop Set up beautifully on lower TFs 1-5... Double Top AT Prev Day Close(settlement) AT Vol POC AT 200sma Timings Levels Behaviour of Price {image} {image}
Credit were credit is due
Good trading
  • #10,745
  • Oct 9, 2024 9:05am Oct 9, 2024 9:05am
My effort
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1a.png Size: 44 KB
  • #10,746
  • Oct 9, 2024 10:18am Oct 9, 2024 10:18am
Update
Seems to do what it says on the tin ?
ps
Sadly still not quite the
Holy Grail
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1b.png Size: 44 KB
  • #10,747
  • Oct 9, 2024 4:37pm Oct 9, 2024 4:37pm
Quoting OAPDave
Update Seems to do what it says on the tin ? ps Sadly still not quite the Holy Grail {image}

London Breakout System

Ran both ways, sell at the London Open first
(where I close shop for the day, following my Asia session)

New York looks the goodies,
(but I am always alseep then lol )

I like those clean Charts Dave



Why not, the day's (triple swap) round up review
(where they took the market, and what targets were the major attractors for "that" day
big confluence zone at the bottom and at the RN near the top)
Can usually have the same look
Trade safe folks, trade well, good trading all.


.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15 same yes.png Size: 13 KB
  • #10,748
  • Oct 9, 2024 4:54pm Oct 9, 2024 4:54pm
Quoting TimeTells
{quote} London Breakout System Ran both ways, sell at the London Open first (where I close shop for the day, following my Asia session) New York looks the goodies, (but I am always alseep then lol ) I like those clean Charts Dave Why not, the day's (triple swap) round up review (where they took the market, and what targets were the major attractors for "that" day big confluence zone at the bottom and at the RN near the top) Can usually have the same look Trade safe folks, trade well, good trading all. . {image}
Thanks
I am off to bed now
but will leave you with this to have a ponder on
Money-Management
Set up 2 indivdual Trading Accounts
one for BUYS ONLY
one for SELLS ONLY
Now keep records
  • #10,749
  • Oct 9, 2024 5:01pm Oct 9, 2024 5:01pm
Quoting OAPDave
{quote}
Thanks I am off to bed now but will leave you with this to have a ponder on Money-Management Set up 2 indivdual Trading Accounts one for BUYS ONLY one for SELLS ONLY Now keep records

We can trade 'em both ways Dave
(clue, Sessions)

With the swaps still a big favour for GJ buys (towards the end of the day), especially but not always on Triple Swap Wednesdays, we can understand what the larger trading groups might gravitate towards.

These positive GBP swaps and hugely negative JPY swaps will influence plenty of buying trader/investors till the swaps variance closes up (if it ever does lol)


BIG RED usa news after NY Ope today, and the USD will influence the JPY link to GBP

We can think about markets in many ways.
BUT
We must always trade it safe imo.
  • #10,750
  • Oct 9, 2024 5:08pm Oct 9, 2024 5:08pm
Quoting TimeTells
{quote} We can trade 'em both ways Dave (clue, Sessions) With the swaps still a big favour for GJ buys (towards the end of the day), especially but not always on Triple Swap Wednesdays, we can understand what the larger trading groups might gravitate towards. These positive GBP swaps and hugely negative JPY swaps will influence plenty of buying trader/investors till the swaps variance closes up (if it ever does lol) BIG RED usa news after NY Ope today, and the USD will influence the JPY link to GBP We can think about markets in many ways. BUT We...
Sorry I am not that clever
just remember my background
  • #10,751
  • Oct 9, 2024 5:36pm Oct 9, 2024 5:36pm
Quoting OAPDave
{quote} Sorry I am not that clever just remember my background

Hahaaa, well you're a greyhound guy, I am ex horseplayer, but we both seem do okay in this damn tricky world of currency trading though

And you are doing all right from what I see, Dave
Plus you're offering help to new traders, so cheers.

In the end how & when we trade is personal and we best do it in a way that suits US best I reckon.

(Keep an eye imo on the targets, attractors, and we can win both trades directions, the sells AND the buys
- but the market will often try to flip us out so we MUST be careful is all)

  • #10,752
  • Oct 9, 2024 9:07pm Oct 9, 2024 9:07pm
Quoting bluesteele
Hôm nay: Dầu thô Thiết lập Ye Old Faithful ,,,,, Lộ tŕnh ngày hôm qua WBD thiết lập... Thiết lập Water Balloon Drop tuyệt đẹp trên TF thấp hơn 1-5... Đỉnh kép TẠI Ngày trước Đóng cửa (thanh toán) TẠI Vol POC TẠI 200sma Thời gian Mức Hành vi của Giá {image} {image}
Hi Dave,
Thanks for your support
Have a nice day!
  • #10,753
  • Oct 9, 2024 11:23pm Oct 9, 2024 11:23pm
Quoting bluesteele
Today: Crude oil Setup Ye Old Faithful ,,,,, RoadMap yesterday WBD set up...Water Balloon Drop Set up beautifully on lower TFs 1-5... Double Top AT Prev Day Close(settlement) AT Vol POC AT 200sma Timings Levels Behaviour of Price {image} {image}
For some questions ive had thru pm regarding how I trade and what im looking at ... heres a breakdown of my basic chart setup
End of Day chart observations of todays Crude oil market during Nymex session.

ALot going on...

A 15 min OR a 1hr IB.... Every futures asset group has a different cash open time (pit session time) and close.
The opening range and initial balance thus will change.
The close is called Settlement. which is different than last traded price.. More of a forex close.

The 15 min OR and 1hr IB simply make a Box.. Price is ALWAYS in a box. Its all fractal.
I also use Mon as an Opening range and Mon/Tues as Initial Balance for a Weekly Template. (Stacey Burke)

I am not showing on my chart. Any Vwaps whether session, prev day anchored etc. I do use those.
I also use Volume profile...I dont pay much attention to the Nodes...but their is alot to learn from them and
how price moves from them... Very much like gravity. I moreso use the POC and VAH VAL.
I'm also not showing BRNS ex 70.00 73 74 69 etc etc.. More on that later and how they tie into
larger TF traders....

Nor do I have my RoadMap moving averages on this chart.... Lauras thread has it all and member DeafPostman
recently added a 5star pdf summarizing the entire thread..

Roadmap are my bread and butter trades that more often than not align with multi day setups etc. I cant say enough
good things about RoadMap... 1000% you can make a living off Lauras method if you can execute and manage yourself,,,,

I trade set hours... My business hours are from 8am -11am NY time... I only will execute a trade in that time but will manage a
runner past that time... Always flat before the end of the day without fail. Nothing is ever held past the close.

This chart simply shows the closes open of NYmex... O.R. and I.B. PDL etc...alot can be learned from observing how
price reacts/behaves around these key levels.

Anyways enough for today...hopefully that answers a couple of questions and probably just creates more lol.

Cheers
Blue
Attached Image (click to enlarge)
Click to Enlarge Name: CL1!_2024-10-09 5min EOD observations.png Size: 96 KB
Master your Mind,,,Master the Market
  • #10,754
  • Oct 10, 2024 12:39am Oct 10, 2024 12:39am
Hi,
I noticed that the market seems to use the session open price to manipulate ? (future target)
Recently, I am trading to the target, based on the deceptive price action
(I am just a newbie with structural analysis, but I only watch the important areas when it has not been blown through)
Cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-10-10 at 12.29.01.png Size: 87 KB
  • #10,755
  • Oct 10, 2024 12:47am Oct 10, 2024 12:47am
Quoting JesseNguyen
Hi, I noticed that the market seems to use the session open price to manipulate ? (future target)
Recently, I am trading to the target, based on the deceptive price action (I am just a newbie with structural analysis, but I only watch the important areas when it has not been blown through) Cheers! {image}

Hi Jesse,
Many times I will see the market price return to these open prices, yes
(potential future target and not always in the same session, or the same day even, just by observation)
  • #10,756
  • Oct 10, 2024 1:03am Oct 10, 2024 1:03am
Quoting TimeTells
{quote} Xin chào Jesse, Nhiều lần tôi sẽ thấy giá thị trường quay trở lại mức giá mở cửa này, đúng vậy (mục tiêu tiềm năng trong tương lai và không phải lúc nào cũng trong cùng một phiên, hoặc thậm chí cùng một ngày, chỉ bằng cách quan sát)
Hi Peter,
I am also new to structure-based analysis,
When I separate individual sessions, I find them not random (when applying the balance between time and price)
Especially when applying marketmaker sentiment analysis, I find it magical
Congratulations!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-10-10 at 13.00.32.png Size: 39 KB
  • #10,757
  • Oct 10, 2024 1:14am Oct 10, 2024 1:14am
Quoting JesseNguyen
{quote} Hi Peter, I am also new to structure-based analysis, When I separate individual sessions, I find them not random (when applying the balance between time and price) Especially when applying marketmaker sentiment analysis, I find it magical Congratulations! {image}

A little bit hard for my old eyes to see against your Black Background chart hahaa, but yes you saw it at the top 195.500 too, well done.

The Prev Week Hi was just 3 pips above that also and I was a little surprised they didn't jump up just to grab it but was close lol.

Market is not always "clean to the pip" with round numbers targets (etc) but if they're in the vicinity I take notice if more than one target is there (ie confluence)
That last burst up before grabbing the .500 had "squeezing out weak hands" written all over it (imho only - tho I have been wrong before lol - trade safe always)
  • #10,758
  • Oct 10, 2024 2:46am Oct 10, 2024 2:46am
Quoting TimeTells
{quote} We can trade 'em both ways Dave (clue, Sessions) With the swaps still a big favour for GJ buys (towards the end of the day), especially but not always on Triple Swap Wednesdays, we can understand what the larger trading groups might gravitate towards. These positive GBP swaps and hugely negative JPY swaps will influence plenty of buying trader/investors till the swaps variance closes up (if it ever does lol) BIG RED usa news after NY Ope today, and the USD will influence the JPY link to GBP We can think about markets in many ways. BUT We...
Pete
Just to clear one point up
I do trade Up & Down
but at times
They are at Different PIP Values
  • #10,759
  • Oct 10, 2024 3:36am Oct 10, 2024 3:36am
Quoting OAPDave
{quote}
I do trade Up & Down

OK Dave

At the moment it’s a bit like watching grass grow on the GJ hahaa.

I imagine they will reset themselves to where they want price during the lead up to NY Open with all the Red News then following.

I got mine earlier in Asia, actually pre-Franky, so have closed shop for the day now and will do other things

all the best
  • #10,760
  • Oct 10, 2024 6:56am Oct 10, 2024 6:56am
Quoting bluesteele
{quote} Anyways enough for today...hopefully that answers a couple of questions and probably just creates more lol. Cheers Blue
A 5 star post if ever there was one, blue.
Life itself is a privilege, but to live life to the fullest is a choice
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