This article is almost 19 years old. There will always be dimwits telling us that market has changed. It has not.

Cup and handle system

Failed to reverse. A loss instead of win. image

Cup and handle system

Money management is url "10 or 20", with url modification (risking 7.2% of stake rather than 50%) url The gist is to rapidly grow your stake while keeping your account intact, then add your wins to your account as the new base, and start your ...

Cup and handle system

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Cup and handle system

Quoting from HOLO Page 1 WARNING When price breaks through yesterday's high or low or makes a new high or low today, that is a breakout! Trade the reversal with caution. url

Trading is as simple as 1-2-3

Didn't take these ones (and a million other ones, getting there). In the first cup, being aware that stops nearby haven't been run yet and structuring trade as 3:1, would put stops a bit lower than swing low, so SL was avoided. Second cup, stops ...

Cup and handle system

I will happily refer anyone interested to threads that inspired me. For instance, C&H in V-pattern. url image

Cup and handle system

Maybe you should look for these entries while today is still an inside bar. That's less risky.

Trading is as simple as 1-2-3

Being able to reverse without hesitation is vital for mental health. Need rational reason to do so. Look how two cups developed. Second cup broke first cup's handle. Draw a line. That's all it is. Price goes above or below a line. I just like cups ...

Cup and handle system

There are good cups. There are bad cups. But coffee is the same. image

Cup and handle system

Took a stab (a sip?) from a tiny cup within a large cup. Didn't hold. image

Cup and handle system

While I'm waiting for setup, here's some eye candy. image

Cup and handle system

I prefer to structure my trades as 3:1. That means C&H itself or the context needs supporting structure. image

Cup and handle system

Here's the 4 candle C&H image

Cup and handle system

Your entry seems correct. Trade management is up to you. You did have a chance to get out at BE when price showed downside. image

Trading is as simple as 1-2-3

It's very important to enter right as price crosses the open. Also read TooSlow's other thread "Highest Open / Lowest Open Trade", it's all there, money management, etc.

Trading is as simple as 1-2-3

I wish you much success. It's a very simple strategy, and you have it wrong. Read TooSlow's post above, and all the notes in the image. Always trade towards daily open.

Trading is as simple as 1-2-3

Trading in the buff. Don't predict -- react.

Nothing, Nothing, Nothing - 100%

A great explanation of the difference between real high and high point image

Nothing, Nothing, Nothing - 100%