EURUSD Hourly chart

EURUSD trade signal

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Trading a ZUP signal

Here we have a ZUP long signal on a 4 hour chart. Step one is to strike a line. Now jump to higher time frames.

This is a weekly chart and we have another ZUP long signal. This doesn't happen often. Now we are going to scroll back in time to see if the line is close to major support or resistance.

First area of support . Keep going back.

Second and third areas where price stalled or bounced. This is a valid signal and worth trading. This is a valid signal at time of publication. 

Zup videos

Novice Traders:

I'm trying to keep this as simple as possible. Forex trading is not easy. This particular trading system is the most dependable and easiest to implement. Be very careful and READ MY OTHER BOOKS to learn about MONEY MANAGEMENT and other important trading factors.

TIP:

If you are pressed for time, stick to the higher time frames and avoid the 5 minute signals. A 60 minute signal may be valid for hours and a 4 hour signal for a day or so. You need to be on the ball to trade a 5 minute signal. TRADE WITH THE LARGER TREND TO CAPTURE LARGER WINS.

I provide video training on YOUTUBE. Click on my name below  to view these short term trades.

Dana DeCecco

 

What is the ZUP indicator

This indicator combines the Fibonacci sequence with the zig zag indicator. The results are uncanny. In 20 years of trading I have never seen a more accurate forecast. However, indicators will do you no good if you don't know how to trade them.

I will show you how to trade this indicator and develop a profitable trading system. The best way to convey this information is through charts and examples.

The MT-4 forex trading platform is available from most brokers. I suggest you use Oanda FX Trade because they provide reliable data. There is no minimum deposit with this broker.

Since MT-4 has upgraded their platform many of the ZUP algorithms are no longer functioning. I will provide a link for you to download the ZUP 113 which is functional.

The best binary options indicator

1 THE ZUP INDICATOR
In 1935 H.M. Gartley published a book entitled
"Profits in the Stock Market". Since then the pattern
has been refined with additional parameters added,
specifically Fibonacci retracement ratios. Gartley
patterns are visible and measurable patterns that
occur on technical analysis charts of various
markets. These patterns apply to the Stock Market,
the Commodities Market, and the Currency Market.
The Fibonacci based patterns can create bullish
and bearish trading signals. The patterns must meet
specific conditions to be considered a verified
pattern. Key Fibonacci ratios are used to observe
patterns that resemble and are similar to deformed
"W" or "M" patterns within the chart. These patterns
can be viewed on a few websites that can be found
with a simple search. Other patterns have been
developed that are similar to the Gartley pattern.
They have been given names such as The Crab,
The Bat, and The Butterfly.
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Dana DeCecco
The patterns consist of four distinct price points or
pivot points on a price chart. They are considered
classic retracement patterns and occur in all time
frames. This makes these patterns usable for day
traders, swing traders, and longer term investors.
Gartley originally used ratios of one third and two
thirds. It was not until further development of the
pattern that the Fibonacci ratios were applied.
Gartley wrote that the pattern was successful
approximately 70% of the time. Recent studies have
reinforced this estimate. The pattern has been
tested over the past 70 years making it a very
reliable trading signal.
Larry Pesavento, a veteran trader of over 40
years, has done extensive research on this pattern.
He published a book in 997 called "Fibonacci
Patterns with Pattern Recognition".
When the pattern is properly identified, the trader
can enter a high probability trade. The main
advantage of this trade is the ability to set tight stop
loss orders in case of pattern failure. As with any
trading system, this pattern is best used in
conjunction with other reinforcing indicators.
Support, resistance, and pivot points would be an
example of this.
This style of trading is sometimes referred to as
Harmonic Trading. No trading systems work all of
the time. A 70% win rate with a controlled risk
makes this pattern based system an excellent
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Trading the Fibonacci
trading system for many types of traders.
This is a universal trading indicator and can be
applied to any market. Stocks, Forex and futures
are examples of these markets. Since this indicator
is published and available to the MT-4 Forex trading
platform we will provide forex examples throughout
this publication.
I also provide a professional trading system to
give you a real edge in the marketplace. This
technical trading system is used by banks, trading
syndicates, hedge funds, and nearly every

ZUP indicator

"How to Trade the ZUP Indicator" by Dana DeCecco includes a functional version. Available on Amazon books.