Harmonic Waves & Chart Patterns for ForexTrading Using Zup Indicators

[PipsPal]

Hello All Traders,

I am starting this thread because I know alot of forex traders are now using
Zup Indicators for Harmonic Waves trading. These indicators are free indicators for mt4 and hopefully we can get similar indicators for mt5.

The latest version that i know of is
Zup v86, hopefully we can get the latest,if any here.

Having said that, What is Harmonic Waves?

Harmonic Waves or Harmonic Chart Patterns are High Probability Patterns which are Fibonacci Based and relationship patterns.

These patterns a called Gartley, Butterfly , AB=CD patterns etc...

The proponents gurus are Larry Pesavento, Scott Carney and the lattest Suri Duddella.If you search on the internet, will bring you to these gurus website.

Also, I must thank the creators of Zup Indicator Nen and several others for
for their outstanding works. Btw is Nen is a world class Russian trader, who
won World Trading Championship in recent years.

All members are welcome to posts their findings and trading on ZUP indicators,
and let's hope we can help each other.

Please click here for Zup v64 by Nen

[PipsPal]

The default setting of This indicator will auto displays running fibonacci patterns
and charts on any timeframes.Harmonic wave Patterns like Gartley, Butterfly etc
will be display.

Shown below as another examples, fibo relationship on retracement of 0.618 trade reversal. That starting from X to A (100 %) retracement from A to B is
0.618 (as highlighted in blue circle), so at this point satisfy reversal conditions.
Thus if it works as expectation,The impact is profit from point B to C.

Well, this is one the simple example of using this indicators, to start the ball of this thread rolling...

[PipsPal]

Of all the Harmonic Pattern, Gartley Pattern is the most popular.
So here the bullish and bearish Gartley Pattern trading setup.

if you trading with these patterns, please be follow the spec deligently,
otherwise you are not actually with it.

Btw these are reversal patterns, once the formations complete, a reversal
should be expected. Otherwise you will have your stop loss button to minimise
your risk.

Here the core basic Gartley pattern formations
p/s(the indicator Zup v64 will auto display these patterns,your part is to select the right one as spec shown below)






*** Special thanks to Mr Scott Carney for the above chart display..extracts from free ebook Harmonic Trader.

[ryc_warlock]

please teach us about the value as you circle it..and others value.....so we can more understanding......
when i have to open trade..

[deathstriker99]

the circled value is buying point depend on the bullish???or bearish?????please explain thanks

[Stockwalker]

The default setting of This indicator will auto displays running fibonacci patterns
and charts on any timeframes.Harmonic wave Patterns like Gartley, Butterfly etc
will be display.

Shown below as another examples, fibo relationship on retracement of 0.618 trade reversal. That starting from X to A (100 %) retracement from A to B is
0.618 (as highlighted in blue circle), so at this point satisfy reversal conditions.
Thus if it works as expectation,The impact is profit from point B to C.

Well, this is one the simple example of using this indicators, to start the ball of this thread rolling...

If this indicator repainting, its signals equals to 0.
An indicator if repainting=useless.

[PipsPal]

please teach us about the value as you circle it..and others value.....so we can more understanding......
when i have to open trade..

Hey warlock, nice to have you in this thread

The value 0.618 in the previous chart is the retracement value. All these
values are related to the fibonacci retracement and expansion values of previous
points. These points are the natural pivots points of any time frame of our choice.

Below is another view of a bearish gartley pattern of GbpJpy 30mins tf. with
reversal impact shown therein.

The indicator use is develop by kor4x harmonics.
Thanks to kor4x for this free test indicator.

the circled value is buying point depend on the bullish???or bearish?????please explain thanks

Its a fibo retracement value.
So when fibo retrace at 0.618 and so on, potential reversal conditions for
trading is open for trading.

If this indicator repainting, its signals equals to 0.
An indicator if repainting=useless.

It doesnt repaint.
But ofcourse any indicator before the point-of-reference stop
moving will all be repaint. All indicators are based on math process.

The best is to monitor the value of the fibo, whether it have reached the
potential trading conditions or not. If it does then, its up to us to pull the
trigger .

[Stockwalker]

It doesnt repaint.
But ofcourse any indicator before the point-of-reference stop
moving will all be repaint. All indicators are based on math process.

The best is to monitor the value of the fibo, whether it have reached the
potential trading conditions or not. If it does then, its up to us to pull the
trigger .

Oh, then sorry. Just because i also tried this harmonic waves with an indicator gathered from somewhere the web, and it was repainting. Then goodluck mate in trading!

[PipsPal]

This is actual reward from Bullish Gartley formation on AudUsd 4hr tf.
So if we only focus on this one formation only would be good, but of course
with more varieties of harmonic formation, the more versatile your trading arsenal can be.

Well, the choice is always yours!

[deathstriker99]

This is actual reward from Bullish Gartley formation on AudUsd 4hr tf.
So if we only focus on this one formation only would be good, but of course
with more varieties of harmonic formation, the more versatile your trading arsenal can be.

Well, the choice is always yours!

hey,Could you please post the result for the Harmonic Wave..Because i'm like interested but if you have the result for the real account or demo account..Please mind to share it .10Q