When the ZUP pattern is correctly identified, the trader can enter a top probability trade. The big benefit of this trade is the capability to set tight stop loss orders in case of pattern failure. As with any trading system, this pattern is perfect used in conjunction with other reinforcing indicators. Resistance, pivot points and support would be an example of this.
This style of trading is sometimes known as Harmonic Trading. Not this trading system job every time. A 70% win rate with a controlled danger makes this pattern based system a remarkable trading system for many kinds of traders. This is a global trading indicator can be applied to any market. Forex, MCX Commodities, NSE Cash-Future Stocks and Indexes are examples of these markets.
This technical trading system is used by many trading syndicates, banks, hedge funds, and trader at an expert level. Anyone with high intelligence and a small discipline can trade this system. This indicator can be applied to various markets such as commodities and stocks.
There are no private “holy grail” trading ideas. Think about it. The more traders that use a system, the perfect it works! Definitely, the Central banks will set a currency price at will. We cannot second presume the Central Banks but we do know when they trade and we can select not to trade at that time.
No trading technique are simple and we are not saying this is simple. The issue with most novice traders is that they are lazy! That’s why they get into this business, looking for simple money. There is no simple money but there are revenues if you are willing to do the easy tasks that are needed in a well managed trading system. Well are you willing?
You can read on ZUP indicator on the internet. The markets tend to follow these indicator for factors unknown. We do care about if it works, we don’t much care about why it works.
The “powers that be” are capable and willing to manipulate the markets at will. They have extremely deep pockets and can bury us at will. If you cannot beat them join them. Most of the markets trading are program trading. PCs are programmed to make the trades. What does a PC need? Rules! The rules they obey are whatever they are instructed to follow. That is why your darling indicator will work perfect one day and not the next. Big money rules!
But there are certain rules that are globally followed. These rules are MACD, RSI, Bollinger Bands, ZUP Indicator. When you gather the effect of these global indicators to price action you end up with a top probability trading system. Trading is all about chances. There is no such thing as a 100% perfect system.
The ZUP indicator gives us with a valuable tool to build a successful trading system. This indicator may be a big part of the equation but the winning trader must also consider money management and many other vital factors.
If you are confused at any place you can join Premium Services at www.McxNiftyTips.com . All software at www.McxNiftyTips.com is designed with great combination of such indicators and informs the traders easy to understand Entry-Target and Stop loss levels. For offline traders McxNiftyTips also provides SMS tips which are generated by these powerful software .
Tags : mcx tips , nifty tips, nse future tips, stock future tips, ncdex tips, gold tips , crude oil tips , intraday tips