Trading Systems Leaders in this forum (automated trading systems) are winning more than 3000 pips in a month (30000$ investing one lot every time). Click here to register and get more information
The Swiss Frank shows multiple system confluence indicating that it's current levels should hold, despite the surprise jobs number.
If this level does continue to hold and we don't have a follow through to the downside on Monday then the odds, in my opinion, for a large advance will increase.
My first target, if the high of the wave is taken out, is 1.24 where we should see some kind of pullback. If price continues through the 1.24 level, I'd look at the 1.26 area for bearish indications to short the market.
Are you using an indicator to calculate the waves?
If so, Will you please share?
Thank you.
FX-Hedger.
Quote:
Originally Posted by Kosai
The Swiss Frank shows multiple system confluence indicating that it's current levels should hold, despite the surprise jobs number.
If this level does continue to hold and we don't have a follow through to the downside on Monday then the odds, in my opinion, for a large advance will increase.
My first target, if the high of the wave is taken out, is 1.24 where we should see some kind of pullback. If price continues through the 1.24 level, I'd look at the 1.26 area for bearish indications to short the market.
To answer the question, no I don't use an indicator. It is simple enough to do this manually. I prefer doing it manually since you get a feel for the pattern more, also having your screen filled with the tools giving you about 5 different patterns all at the same time is confusing.
If you check back in this thread you'll see the one everyone else uses.
The alert code I have written, is simply to draw your attention to a new pattern that may be a good trading opportunity. You must decide if it is a standard pattern and if the trading conditions are suitable to take the trade.
So far, ZUP is the best free harmonic pattern code I have seen for MT4. If anyone knows of better code, please let us know.
WRR,
Nice improvement to ZUP. I just found this thread today after limping through the Onix forum doing Google translations on posts there for ZUP info. Thank you for your creativity.
I have noticed a drain on my system resources (I run Win XP) when I apply ZUP to multiple currencies and multiple time frames of these currencies to monitor all the majors. Quite a crowded screen and low performance! I shut down as many unnecessary start-up files to obtain more resource memory but still, a real drag continued. So, I started Windows in Safe mode (minimal drivers and files) and opened MT4 with ZUPs and my system resources greatly improved. But, I am forced to minimal graphics (600 x 800 mode) and it does not display all the charts.
Have you, or anyone encountered a more optimal configuration for running numerous currencies and time frames simultaneously? Any input would be appreciated. Cheers!
__________________
Life is, right now, the way it is supposed to be. Even with all the sham and manipulation, there is more peace than war. It's all around if you want to see it.
Last edited by pipsqueak4x; 09-29-2007 at 03:59 PM.
Reason: .
Good suggestion. I will make the changes and be able to monitor them starting Sunday PM. I did not monitor the resources that the MT4 history may require (with intensive ZUP running), rather, I was monitoring present allocations. There are some processors that experience a drain or leakage of CPU resources and I was also looking there.
Appreciated.
__________________
Life is, right now, the way it is supposed to be. Even with all the sham and manipulation, there is more peace than war. It's all around if you want to see it.
I have been having this "SLOW" Problem on my Computer for quite sometime. Now I remember I had increased the number of bars settings on my chart and on history.
ut value 800-1000
Linear Mode
