Cup and handle system

Is trading your cup of tea? Trade cup and handle with me. It's everywhere.

The minimum number of candles you need is 4.

In this chart, I didn't mark every C&H, they are really everywhere, evolving, morphing. I think the best ones are really those that look like coffee mugs: straight sides, rounded bottom, round handle. Let's begin.

Here's the 4 candle C&H

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

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

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

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

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 and handles.

I will happily refer anyone interested to threads that inspired me. For instance, C&H in V-pattern. https://www.forexfactory.com/thread/...njoy-your-sell

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 have already been run, it's safe to put SL at swing low.

Money management is https://www.forexfactory.com/rag2richesfx "10 or 20", with https://www.forexfactory.com/hefhem911 modification (risking 7.2% of stake rather than 50%)
https://www.forexfactory.com/thread/...35#post6967135

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 another campaign with a slightly larger stake.

You don't have to aim for 10000% gain. Aim for 1000%, or 100%. And start the new campaign with proportionately larger stake.

Failed to reverse. A loss instead of win.

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

Couldn't resist. Look at this perfect shape.