I know this isn't the right section to ask this but im new to this forum and i've been looking for where i can get the answer to this question and i haven't found anything yet. maybe im looking in the wrong places.>>> Question: Where can i find instructions on how to read this chart. or the ZipZap pattern that is supplied for metatrader4???? thank you so much!!!
Can you help answer these questions from other members on futures io?
Good question. I do not know but my guess is to google for that indicator to see what comes up.
Or, you could go to front of futures.io (formerly BMT) forum and post a 'question' by clicking the button and going through all that, or find a currencies thread and try that.
Good luck.
The following 2 users say Thank You to bluemele for this post:
I think BM gonna move it somewhere else, but this looks pretty close to your picture:
[yt]https://www.youtube.com/user/fxfrms[/yt]
You should try to contact him.
The following 2 users say Thank You to vovan348 for this post:
Looks like what they called harmonic patterns you have a few like, Gartley Butterfly and many more, way too complicated it is from my point of view.
I prefer using simpler pattern type of ABC's. Anyway useless if you don't know how to count waves but that it's another story as you also need the right time frames, I can say 1 thing though you can't really apply these on tick charts.
Good Luck
The following user says Thank You to Larry for this post:
Mixed emotions over my trading today. I am doing my best to focus on the longer term charts, but I was mixed on which direction it would most likely go. I traded the way I have been trading and I think the biggest challenge I had today was continuing to trade, but the other entries were higher risk.
That was a never ending long which was surprising to me, but so it goes...
I tried holding the long a bit longer, but I got knocked out on the re-entry. Normally I would have been out at 1.5 points, but I stuck to my guns. Now, am I upset, well, part of me says, however you get to 3 points doesn't matter. I will continue with longer runs, holding my stops and continue to trade when it is clear.
Video
The following 5 users say Thank You to bluemele for this post:
You are right. It doesn't matter how you get your goal!!! You can take 10 trades for 3 ticks each, or just one for 3 points. Difference only in commissions.
Keep it up!!!
The following user says Thank You to vovan348 for this post:
I took quite a few breaks with breakfast wrapped in-between. I didn't hang out the whole time and sped up market so I had time to trade and waited for it to get to my area and then started looking again. I didn't expect the market to continue up the way it did and it was pretty rangy up top. O well....
The following user says Thank You to bluemele for this post:
O well....