WiseMan Trading

  Most traders move from trading system to trading system, and over time, until they find one that suits them… one that is comfortable to run and tests well over (back-tested, then real) time. Some traders never stop looking for the “right” system. THAT is a problem. There are many systems that can generate nice profits over time. To settle on a trading s that’s right for you: First, you have to believe in the process by which the system generates trades. Who was Fibonacci, and how did he arrive at his methodology? Does it make SENSE to YOU? Maybe you’re a visual sort of person and you are drawn to Candlestick charting. Take the time to understand why the patters mean “reversal” and not just accept the “picture”. Go deep. Choose a guru that you will need to trust 100%. If you choose to take your trades from a guru, understand where his or her godliness is coming from. This can be a dangerous choice in that you are giving up control to another. Choose wisely. Second, whatever system you

 How to Trade the Cup and Handle Chart Pattern How to Enter and Exit This Powerful Pattern  Chart patterns occur when the price of an asset moves in a way that resembles a common shape, like a triangle, rectangle, head and shoulders, or in this case a cup and handle. These patterns are a visual way to trade. They provide a logical entry point, a stop-loss location for managing risk, and a price target for exiting a profitable trade. Here's what the cup and handle is, how to trade it, and things to watch for to improve the odds of a profitable trade.