- #2,324
- May 3, 2026 8:07pm May 3, 2026 8:07pm
- Joined Nov 2014 | Status: Trader | 2,416 Posts
On May 1st, a “cup and handle” pattern was completed shortly after the New York open. Did anyone notice it and take the opportunity to trade? Congratulations to those who made it!!!....
. I managed to collect over 300 using just that one setup.
- #2,326
- May 3, 2026 11:14pm May 3, 2026 11:14pm
- Joined Dec 2010 | Status: Never Stop Learning | 7,331 Posts | Online Now
{image} On May 1st, a “cup and handle” pattern was completed shortly after the New York open. Did anyone notice it and take the opportunity to trade? Congratulations to those who made it!!!....
I didn't see it as a Cup and Handle but I did see the Break of Structure after Price had Dropped through the Asian and London Sessions.
Pity I wasn't around to Trade it
- #2,332
- Edited 10:29pm May 4, 2026 10:15pm | Edited 10:29pm
- Joined Apr 2015 | Status: Trader | 1,067 Posts
To become a successful trader, effort and determination are two essential elements. But there is one more element that can accelerate the process—deep passion. At the beginning of my journey in trading, it never crossed my mind to make it a career; it was more of an interest or hobby. Observing candlestick charts and other types of charts felt like exploring a fascinating branch of geometric art, especially when enhanced with Fibonacci, Gann, and Pitchfork tools. It’s truly captivating when we’re able to anticipate where price might reverse, even...
it took you awhile to discover the "deep passion" element, let's see how long it will take you (if ever) to discover that Fibonacci and GANN are not art or prediction, but they are measurements for accurate future S/R levels
cheers,
"the public is not yet ready for it" W.D. GANN
- #2,333
- May 5, 2026 12:29am May 5, 2026 12:29am
- Joined Nov 2014 | Status: Trader | 2,416 Posts
{quote} "geometric art" !! it took you awhile to discover the "deep passion" element, let's see how long it will take you (if ever) to discover that Fibonacci and GANN are not art or prediction, but they are measurements for accurate future S/R levels
… that’s pretty impressive! I wouldn’t claim to be highly skilled in using Gann, Fibonacci, or similar tools. My approach is fairly simple, driven mainly by a genuine interest in geometry—or as I like to call it, the art of geometry.I’m truly glad to hear that these methods are working well for you in generating income. I’d greatly appreciate it if you could share some valuable insights or tips on using Fibonacci and Gann. Although I don’t incorporate them into my daily scalping, I’ve always found them fascinating.
- #2,335
- May 5, 2026 12:51am May 5, 2026 12:51am
- Joined Apr 2015 | Status: Trader | 1,067 Posts
{quote}
don't worry, 99% of traders don't understand the basics of measuring and use them randomly, until they lose trust and stop using them.
the basics are start/end(time) and high/low(price), with the correct starting points of both, the rest is easy, it's just %'s, like 50% of price, 50% of time, 50% of angle. for full measurements you add the rest of levels %'s(1/4's or 1/8's) in price/time/angle.
but money can be made with both simple methods or complex, if you're not into measuring, you don't need it.
for me, it's like a blueprint in the future, I just follow PA to identify the strongest levels.(the technical side need a learning curve).
cheers,
"the public is not yet ready for it" W.D. GANN
- #2,336
- May 5, 2026 9:11pm May 5, 2026 9:11pm
- Joined Nov 2014 | Status: Trader | 2,416 Posts
Following the tensions in West Asia, I will focus only on buy opportunities. I’ll hold part of the position, secure it with a stop loss, and let it run for a few hundred pips.
