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Zigzags make nice retracements of XABCD formations. Next proof that those zigzags are harmonic
I understand . yes i know the concept some what but have not seen many strategies about this . In your expierence how accurate do you think it is, I am aware it is part of over all price patterns trading. But what do you think about it?
Everyone wants to earn the money on Forex but remeber the most difficult thing is to find the end of XABCD formation. The Zup v73 shows you red square to find D and this is the range. You can use also Zigzags. Remeber also that your broker can manipulate 10 pips down and up so put your stop loss carefully. Also remeber what Larry Pesavento sad. The probability to cach the XABCD foramation is 3 to 1. Good luck !!!!
Pucio, would you mind posting your template for your pic in post #12? I am using zupv73 but the damn thing has so many inputs its hard to get it the way I want, but I really like your post #12.
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I use different ZUP's. The last ones are the best. The last one on this forum is ZUP_v73. There is ZUP_v74 but is not spread out by Nen. If you want to learn about harmonic numbers read books by Larry Pesavento. ZUP's has function to show not only harmonic numbers but even more. There are instructions for ZUP's. Forgive me, but I will not give to people everything. Trading is an ART. ART brings money. It works only this way. I wish all people the best in trading.
To master Harmonics is to train your eye to see the the turns
and understand that not every Harmonic Pattern is tradeable !
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
-Just because you see a Crab , Butterfly , Gartley or Bat pattern developing
doesn't mean to jump into the market even if the Fibo-lines are in tune .
There are times to take the call and times when not take the call !
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Here are the 2 biggest problems with learning to understand harmonics
# 1 people are always looking for what is easy .....
if you are looking for easy , You won't survive , its that simple
( you should be more than willing to do your homework and develop a natural eye for this . )
------------------------------------------------------------------------------------------- # 2 the harmonic patterns or signals generated ,
by your computer or a downloaded program will never tell you where to enter and place a protective stop
Why is this ?
part of the reason is that the zig zag lines adjust
as more bars are added to the charts in the future ,
- just like a Moving Average line also adjusts - ( they are at times ,adaptive ) That's why it is at times very difficult to backtest these zig zag lines.
The zig zag lines in the past are adjusting to what is currently happening in the current say 10-14 bars or so .....
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Why are'nt traders aware of this ? ..........
2 reasons # 1 , who ever wrote the zizg zag program is totaly unaware that the lines are adaptive #2 ,
Linear Mode
