When the ZUP pattern is correctly identified, a trader is more likely to trade. The main advantage of this trade is the ability to set tight stop union orders in case of model failure. As with any trading system, this pattern is best used in conjunction with other booster indicators. Support, resistance and turning points are examples of this.
This trading style is sometimes called Harmonic Trading. No trading system always works. The 70% profit margin with management risk makes this sample system an excellent trading system for many trades. It is a universal trading indicator and can be applied to any market. Stocks, Forex and futures are examples of these markets. This indicator is published and available on the MT-4 Forex trading platform.
This technical trading system is used professionally by banks, trading syndicates, hedge funds and almost every trader. Anyone with a modest intellect and a little discipline can trade this system. This indicator can be applied to various markets such as stocks and currencies.
I am not a software engineer. The alarm program was developed by others. I am an experienced trader. There are no hidden “sacred shell” trading methods. Think about it. The more traders use a system, the better it works! Of course, the Central Banks will set the price of any currency. We can’t guess the Central Banks a second time, but we know when they are trading and we can choose not to trade at that time. Forex markets are open 24/5, so we can choose our trading times.
No trading method is easy, and I’m not saying it’s easy. The problem for most merchants is that they are lazy! That’s why they go into this business looking for easy money. There is no easy money, but there are profits if you want to perform the simple tasks required in a well-managed trading system. You’re good?
You can read everything about Leonardo Fibonacci on the Internet. The bottom line is to develop a series of sequences found throughout nature. These ratios have been successfully applied to trading charts. Each graphics program out there offers Fibonacci tools. Markets are subject to these ratios for unknown reasons. I don’t care why it works. I wonder if it works. Traders need to understand that if you find something that works, go with it. You do not need to analyze WHY.
The “existing powers” are able to control the markets as they wish. They have very deep pockets and can bury us as they wish. If you can’t beat them, join them. Most of the trading in all markets is software trading. Computers are programmed to trade. What do you need a computer for? RULES! The rules they follow are all they need to follow. That’s why your favorite indicator will work well one day, not one day. Big money rules!
But there are certain rules that are universally followed (often). These rules are SUPPORT, SUPPORT and FIBONACCI. Trend lines also receive part of the act. When you combine the effects of these universal indicators with a price transaction, you are more likely to end up with a trading system. Trade depends on every possibility. There is no such thing as a 100% accurate system.
The ZUP indicator provides us with a valuable tool for building a successful trading system. This indicator can be a key part of the equation, but a successful trader must also take into account money management and many other important factors.