Harmonic Zigzags - page 33
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GBP/USD pairs
Attached is a chart that looks at the GBP/USD in correlation with its different cross/pairs.
1. GBP/USD
2. GBP/CHF
3. GBP/JPY
4. EUR/GBP
USD/CHF pairs
Attached is a chart that looks at the USD/CHF in correlation with its different cross/pairs.
1. EUR/CHF
2. GBP/CHF
3. CHF/JPY
4. USD/CHF
USD/JPY pairs
Attached is a chart that looks at the USD/JPY in correlation with its different cross/pairs.
1. USD/JPY
2. EUR/JPY
3. GBP/JPY
4. AUD/JPY
5. CHF/JPY
6. NZD/JPY
AUD/USD pairs
Attached is a chart that looks at the AUD/USD in correlation with its different cross/pairs.
1. AUD/USD
2. AUD/CAD
3. AUD/JPY
4. EUR/AUD
5. AUD/NZD
USD/CAD pairs
Attached is a chart that looks at the USD/CAD in correlation with its different cross/pairs.
1. USD/CAD
2. EUR/CAD
3. AUD/CAD
4. CAD/JPY
XAU/USD (gold) correlation
Attached is a chart that looks at the XAU/USD in correlation with correlated currency pairs.
1. GBP/USD
2. EUR/USD
3. AUD/USD
4. XAU/USD
Using these charts on a demo account before trading. This is a way to know which pairs are strong for a BUY and which pairs are weak for a SELL.
The XAU/USD chart is very important to know the strength of gold in relation with related currency pairs (GBP/USD, EUR/USD, AUD/USD).
This gives you more confidence trading with your zup charts.
Hope my posts have expounded the use of the heatmaps in your individual trading.
zup 78 updated 4.14.08
1. Had replaced Stochastics with QQE
2. Notice on a 5M Timeframe, on the Indicator Window, on an UPtrend, it stays above the 50 level of the QQE and above the QTA
3. On a DOWNtrend, it stays below the 50 level of the QQE and below the QTA
4. Sell when the QTA peaks, when above the 50 level, arches down from 80 - 70 level of the QQE
5. Buy when the QTA bottoms, when below the 50 level, arches up the 20 -30 level of the QQE
6. Use the 50 level as your point of take profit for 1 trade and the 2nd trade on a close watch
7. The QQE has cleaner movements than the ZeroLagStocGreen
8. Please do on demo until you understand why QQE was used and complimented ZUP 78 and QTA movements
Good Luck and hope this further your understanding of ZUP and QTA.
Thanks mlen77,
I updated first post of this thread https://www.mql5.com/en/forum/173588 and made this first post as pdf file (attached).
mlen, can you also take trades when the qqe crosses the 50, or is the alert engaged to get you out of your OP? thanks
QQE and !Xmeter
Please read the rules again.
1. On a DOWNtrend, it stays below the 50 level of the QQE and below the QTA
2. Sell when the QTA peaks, when above the 50 level, arches down from 80 - 70 level of the QQE
3. Buy when the QTA bottoms, when below the 50 level, arches up the 20 -30 level of the QQE
4. Use the 50 level as your point of take profit for 1 tradeand the 2nd tradeon a close watch
On the attached EUR/USD chart, you BUY when it touched the 20 line and above the QTA line, and the QEE had arched itself to the upside. You made lots of pips if you had 2 lots, take profit when it reached above the 50 level of the QEE and let the 2nd lot reach the 70 line and close your trade.
On the attached GBP/USD chart, you SELL when the QEE level has reached the 70 line, below the QTA and on the main chart, you see the beams of resistance (Magenta = 4hour, Aqua = 1 hour, Red = Daily). Exit one lot when it crossed the 50 level and let the 2nd lot reach the 30 level and close the trade.
I like to trade when I see beams of resistance and trade the retracement.
Attaching the !xMeter, which you can find in forex-tsd, which should help you with your trade.
Remember, when you are using a currency pair that has USD in front of it, the CHF, CAD, or JPY should have a green bar on the top and USD bar should be a red. That assures you that there is a strong DOWNTREND.
IF it is for EUR, GBP, AUD, NZD => it should have a green bar on it and the USD should have a red bar for a strong trend.
For Exotics, do the Currency Pairs Templates for confirmation of a currency pair in correlation with other related pairs.