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After talking to a member on a different thread this Golden EURUSD short opportunity was spotted. There is alot to like about this trade but would you trade it?

Pros’s
[ul]
[li]Higher time frame analysis has suggested (my opinion) that the market is bearish
[/li][li]A bearish Gartley variant and Butterfly variant have both formed
[/li][li]On the last pattern (butterfly) the difference in pips between D(X) and G© is pips. This gives the market sufficient volatility for the trade to work. I like to see a min 40 pip difference on either the XA or XC leg.
[/li][li]Has a min RR of , Target of and possible +
[/li][li]Has a tight SL and loose TP
[/li][/ul]

Con’s
[ul]
[li]Formed on the 5min chart. I usually like to work in the 15min chart
[/li][li]Formed at close of trade Friday. My personal rules are no trading Friday afternoons and Mondays.
[/li][/ul]

So me, personally, I wouldn’t take the trade. But if I did heres how I look to manage it.

First establish my SL. I’ll place this at This corresponds to X. If the pattern is true then it will find it hard to pass through the mark of the XC retracement. If it does the patterns will fail and I want to get out quick. It doesn’t get much sooner than point X.

Establish a TP. I usually don’t pay to much attention to it. I manage my trades right through to the end. I think its just good to establish one. So I generally set TP at the retracement of the XA line, so at

Establish my PRZ. I like to trade true patterns. If you have studied PP’s, many times you will see that the price will not always make it to the true retracement level before reversing. Resistance at the PRZ is just too strong. This chart might turn into a classic example of that. Doesn’t make the pattern any less valid. I choose not to trade them. Money management is everything to me. Minimize my risk and maximize returns. I could enter the trade now but I’m 13 pips from my SL and only 6 pips from my PZ. Thats a RR > That’s unacceptable. If I wait until it it reaches the PRZ that ratio becomes and if the trade goes in my favour, I can let it run for a lot more. For the pattern to be a true butterfly variant the CD leg must retrace to the mark of XC. This mark sits between the ()and () retacement mark of the BC (FG) leg so I will use them as my upper and lower level. If it does this then the trade will meet my MM requirements and I will trade.

Establish a Profit Zone. This is the area I will look to secure and protect my trade. It is found between the and Mark on the final CD leg. At This stage point D is still to be determined but as I’m looking to enter in a pretty narrow range I will consider the lower level value of my PRZ as my point D value. My PZ now is between and Beyond the mark all the way to my TP level I call the Greed Zone (GR)

Enter the trade. As I’m trading the pattern, I want to price to turn inside the PRZ. I will drop down to the 1min chart and start monitoring PP on that while the price is within the PRZ. First sign I get that the price is reversing I will enter. If the price moves through the PRZ and doesn’t reverse I will consider the pattern invalid and finish up. There will be a next time.

Manage the trade. So with a bit of luck the trade will go my way and start heading to the upper level of my PZ at the mark. Its hard to explain what my mind processes at this point but basically I am back in the 1min chart monitoring PP. What I’m trying to do is secure my profit by moving my SL as quickly as possible to the , , 50 and finally mark as the price moves down though my PZ. Sometimes the price reverses straight away triggers my SL and the trade ends. Only to watch it reverse again and I watch a lot of pips disappear. I just accept that. At this point I have made at least a one percent profit and I should be happy. A lot of times the price won’t reverse and if I haven’t locked in my profit I pay the ultimate price and that’s a loss. Now if the trade continues my way, the price moves through my profit zone and into what I call the Greed Zone. The greed zone is where I am going to let my trade run and try and capture as many pips as I can. I call it the greed zone because if I wasn’t greedy I would have exited the trade by now and taken the profits. Again I will be in the 1min chart. First thing I will do is get my SL at the lower level of my PZ, the mark. This secures a profit of % a good trade. Again I will be watching the price as it moves through each retracement mark looking to move my SL. However price can start to fluctuate a bit more now so I don’t want to get to close with my SL. Is takes a bit of time to master but when it works and everything comes your way its a thing of beauty and a lot of pips can be made which = profit.

Exit the trade. Exit the trade will be a SL or TP trigger. However if the trade goes all the way and gets to the TP level there is absolutely no reason why one can’t move the TP level and keep capturing pips. Lets face facts. If the price breaks through the TP level at the retracement of XA then it is likely to continue to keep going in that direction.

Now as I said I personally won’t take this trade but I will be looking forward to examining the chart Monday afternoon to see whether I should be kicking myself or if the power of Price Patterns comes true again.

What would you do?

Forex trading can be a lucrative venture if done right. However, like any other business, it requires a sound strategy to succeed. One of the strategies that have proven to be successful over time is the use of ZUP&#;TMA indicators on MetaTrader 4 (MT4). In this article, we will discuss what these indicators are, how to use them, and how they can help you trade forex successfully.

What are ZUP&#;TMA indicators?

ZUP stands for Zigzag Universal Pattern, while TMA stands for Triangular Moving Average. The ZUP indicator is a custom indicator that identifies patterns in the market, while the TMA indicator is a trend-following indicator that shows the direction of the trend. When used together, they can provide powerful signals that can help you make profitable trades.

How to use ZUP&#;TMA indicators on MT4?

To use ZUP&#;TMA indicators on MT4, you need to install both indicators on your platform. You can access the indicators from the navigator window on the left-hand side of the platform. Once you have installed the indicators, you can apply them to your chart.

To apply the ZUP indicator to your chart, go to the Insert menu on the top toolbar, then click on Indicators. Select Custom, then choose ZUP. Once you have applied the indicator, you will see a pattern highlighted on your chart.

To apply the TMA indicator to your chart, go to the Insert menu on the top toolbar, then click on Indicators. Select Trend, then choose Moving Average. Once you have applied the indicator, you will see a line on your chart that shows the direction of the trend.

Now that you have applied the indicators to your chart, you need to look for signals that indicate a potential trade.

How can ZUP&#;TMA indicators help you trade forex successfully?

ZUP&#;TMA indicators can help you trade forex successfully by providing signals that indicate a potential trade. The ZUP indicator identifies patterns in the market, such as triangles, channels, and waves. These patterns can help you identify potential entry and exit points for your trades.

The TMA indicator, on the other hand, shows the direction of the trend. If the TMA line is pointing upwards, it means the trend is bullish, and if it is pointing downwards, it means the trend is bearish.

When you combine these two indicators, you can identify potential trades that have a high probability of success. For example, if the ZUP indicator identifies a triangle pattern, and the TMA line is pointing upwards, it means the market is in an uptrend, and there is a high probability that the market will break out of the triangle pattern to the upside. This could be a potential buying opportunity.

Conclusion

ZUP&#;TMA indicators are powerful tools that can help you trade forex successfully. They can provide signals that indicate potential trades with a high probability of success. However, it is important to note that no indicator is % accurate, and you should always use other tools, such as fundamental analysis and risk management, to make informed trading decisions. If you are a beginner trader, it is recommended that you practice using these indicators on a demo account before trading with real money.

Zup Harmonic forex indicator is one of the valuable and advanced forex indicators available to detect all essential forex harmonic patterns. The unique thing about this forex indicator is that it took almost ten years to develop. It was developed by expert forex traders and programmers to ensure it was sturdy and efficient.

Since it was developed almost a decade ago, it has been released in multiple versions. The new versions kept well improving on the previous ones.

Working of Zup forex indicator:

Zup indicator finds valid forex harmonic patterns and alerts you as soon as it finds a chart pattern. It can detect all of the below forex harmonic patterns.

• Bearish AB=CD
• Bullish AB=CD
• Bullish Gartley
• Bearish Retracement
• Bullish Extension
• Bullish Retracement
• Bearish Extension
• 3 Drive Top
• 3 Drive Bottom
• Butterfly Top
• Butterfly BottomBearish Gartley

As a bonus, it can also display forex Fibonacci levels, fans, and time zones.

Using this forex indicator can save tons of time because finding valid forex harmonic patterns is a time taking process. However, this indicator can do it on its own.

Indicator Settings:

Zup indicator has the following settings.

Trading Strategy:

As we know, there are plenty of harmonic patterns, and each has a trading strategy. Both pro and new traders can use this indicator in their trading strategies. New traders can also learn many new things about harmonic patterns after seeing the patterns forming in real time on the charts. Also, its diversity is admirable because you can use it on any currency pair at any time.

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Conclusion:

The Zup indicator is an excellent tool for analyzing charts and finding all possible harmonic patterns. But more information can sometimes lead to more precise decisions, especially for new traders. That’s why We will always recommend you select one harmonic pattern and study it in depth from different resources. After you have a good grip on the concepts of one harmonic pattern, you should move on to the next one. Only that way can you ensure you are learning and practicing.

Zup Harmonic Forex Indicator For MT4 Free Download

(hidden things are always the most precious)

Submit by Dimitri

Zup with Gann angles is a it is a rare template there is no description but it is really interesting as shown by the examples. This template is not for beginners but for experts of the Zup , Fibonacci  indicators who can easily deduce the trading rules.

This model combines analysis of a historical series for prediction purposes based on the cyclometric patterns defined by the zup indicator analysis and the price trend based on Fibonacci Fans.

Features of Zup with Fibonacci Fans template

time Frame 15 min or higher

currency eunic-brussels.eu

Platform: Metatrader 4

Metatrader 4 Indicators

Zup e mod

Stocastic oscillator (5,3,3)

Simple moving average period, close.

Commodity Channel Index period 9, close.

This template can is suitable aslo for trading with options.

Examples of trading. Template in the folder.

Telegram Channel: eunic-brussels.eu

Share your opinion

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

2. Open the MT4/5 terminal and click on &#;File&#; in the top left corner.

3. Select &#;Open Data Folder&#; from the dropdown menu.

4. In the window that opens, double-click on the &#;MQL4/5&#; folder.

5. Double-click on the &#;Indicators&#; folder.

6. Drag and drop the indicator file from your computer into the &#;Indicators&#; folder.

7. Close the data folder window and restart the MT4/5 terminal.

8. The indicator should now be available in the &#;Navigator&#; window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click &#;Yes&#; to confirm the use of DLLs. If you are not sure or do not trust the source, click &#;No&#; to cancel the installation.

It&#;s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

Zup Pattern description

In the window displays informations on the Zup Pattern in four columns.
A -The1° column shows the number of the bar, which is the point D pattern.
B - The 2° column displays the parameters of the zigzag, which was found by the appropriate pattern.
C - Description of the structure of the third column of the monitor patterns.
This column displays numbers separated by a dash (-).
Each digit matches a particular tolerance retracement.
For your five-point designs shown 4 amounts.
The 1° digit retracement XD,second - XB,third - AC and fourth - BD.
Should you found among the retracement pattern is supplied, then your corresponding position will stand dash.
Each digit could be among four amounts: 0, 1, 2 and three.
When there is a number 0, it indicates that for a provided parameter specified tolerance retracement ExtDeltaGartleyPRZ - special additional clearance.
When the number 1, it indicates that for a given parameter specified tolerance retracement ExtDelta - tolerance for building patterns Pesavento
When there is a number 2, which means that for a given parameter specific tolerance retracement ExtDeltaGartley - tolerance for the search of patterns Gartley
If there is a number 3, which means that the actual part is not found appropriate retracement FIBA. And in the name of the pattern in square brackets in this position will stand retracement asterisk.
For AB = CD pattern in the first and second positions will be dashes.

ZUP , ZUP , compatible with latest version of Metatrader 4

Fibonacci Bands Trading System