ZUP When the cartridge is correctly identified, the trader can enter a high probability trade. The main advantage of this trade is the ability tight stop loss orders in case of failure pattern. As with any trading system, this pattern is best used in combination with other reinforcing indicators. Support, resistance and pivot points would be an example of that.
This style of trading is sometimes referred to as Harmonic Trading. No trading systems work all the time. A 70% rate of return while controlling risk makes this pattern excellent trading system for many types traders.This is a universal trading indicator and can be applied to any market. Stocks, currencies and futures are examples of these markets. This indicator is published and available to the MT-4 Forex trading platform.
This technical trading system used by banks, trade unions, hedge funds, and almost every trader at a professional level. Anyone with a modest intelligence and a little discipline this system can trade. This indicator can be applied to various markets, such as equities and currencies.
I am not a software engineer. The signal is software developed by others. I am an experienced trader. There are no secret “holy grail” trading methods. Think about it. We can not second guess the central bank, but we do know where they trade and we can choose not to act at that time. The Forex markets are open 24/5 so we can select our trading times.
No trading method is simple and I’m not saying this is easy. The problem with most novice traders is that they are lazy! That is why they are in this business, looking for easy money. There is no easy money, but there are profits if you are willing to be doing the basic tasks needed in a well-managed trading system. Well are you prepared?
You can read all read about Leonardo Fibonacci on the Internet. The bottom line is that he found a set of numbers developed by nature. These ratios have been successfully applied commercially graphs. Each card Fibonacci tools.The program provides markets bring it tends to obey these ratios for unknown reasons. I do not care much about why it works. I do not care if it works. Traders should be aware, if you find something that works, go with it. You do not need to analyze why.
The “powers that be” able and willing wants to manipulate the market. They have very deep pockets and can bury us will. If you can not beat them join them. The bulk of trading in all markets, program trading. Computers are programmed to make the trade. What is a computer? RULES! That’s why your favorite indicator will work fine one day and not the next. Big money rules!
But there are certain rules that are universally followed (the largest part of the time). These rules are SUPPORT, resistance and Fibonacci. Trendlines also get a piece of the law. When you combine the effects of the universal indicators for action price you end up with a high probability trade. Trading is all about probabilities. There is no such thing as a 100% accurate system.
The ZUP indicator provides us with a valuable tool to build a successful trading system. This indicator can be a large part of the equation
but the successful merchant must also take into account with money and many other important factors.