That 10% limit is really the maximum, normally and when all is aligned, the trade should take off from day one or two, above all because volume should be there and there should be some follow through days, so when I see that's not the case I can close with 0-2% loss eventually to re-enter later. That happenned already 2-3 times and it teached me to always consider that my entries or setups are wrong during the first days until the stock proves it otherwise.
Trading the Cup & Handle Pattern
- Thread starter almx
- Start date
That 10% limit is really the maximum, normally and when all is aligned, the trade should take off from day one or two, above all because volume should be there and there should be some follow through days, so when I see that's not the case I can close with 0-2% loss eventually to re-enter later. That happenned already 2-3 times and it teached me to always consider that my entries or setups are wrong during the first days until the stock proves it otherwise.
Listen Almy, I posted a C&H on bitcoin months before the cup completed. My question to you is what criteria are you invalidating the C&H I posted? When it broke the cup line? When it failed? Don't make me drag you into deep TA waters when you can't swim or are a weak swimmer at best.
Here is a clue...a cup & handle is actually just part of a pattern in Elliott wave.
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What Does a Cup and Handle Pattern Tell You?
American technician William J. O'Neil defined the cup and handle (C&H) pattern in his 1988 classic, How to Make Money in Stocks,adding technical requirements through a series of articles published in Investor’s Business Daily, which he founded in 1984. O'Neil included time frame measurements for each component, as well as a detailed description of the rounded lows that give the pattern its unique teacup appearance.
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Source:
https://www.investopedia.com/terms/...echnician William J.,which he founded in 1984.
Please contact them and ask to correct.
1988???!!!
The Cup n Handle was famous long before that! Jiler made it famous in the 1950s, not sure who first discovered it, long before that.
"The first is that it can take some time for the pattern to fully form, which can lead to late decisions. While one month to one year is the typical timeframe for a cup and handle to form, it can also happen quite quickly or take several years to establish itself, making it ambiguous in some cases."
Only if you don't understand Elliott wave. When you do, you will see them forming and can actually trade the bottom of the cup instead of waiting for the handle like most traders...and most traders won't have a clue if it is going fail at the handle.
What most do not understand is trading a pattern when it reveals itself is derivative...you need to be trading the pattern before it reveals itself...ie I am drawing in a triangle long before it is a triangle.
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I don't understand why people get that bad in someone else's journal.
If I'm really that ignorant, then all my trades should end in the red, right ? And it looks like you have more a problem with that talking the talk, than me walking the walk.
So let's see, I invite you to follow my journey and we will see how bad I swim and how much I Lose.
In the end, I also need to discover it myself, I will pay with trading money for that, for you is free
If I'm really that ignorant, then all my trades should end in the red, right ? And it looks like you have more a problem with that talking the talk, than me walking the walk.
So let's see, I invite you to follow my journey and we will see how bad I swim and how much I Lose.
In the end, I also need to discover it myself, I will pay with trading money for that, for you is free
Quoting myself because you need to grasp this concept.
Stage analysis is just a dumbed down version of Elliott wave.