Hammer
Oct 06, 2014 at 06:46
Vues 4,922
16 Replies
Membre depuis Jul 31, 2009
posts 1449
Oct 06, 2014 at 06:46
Discuss the Hammer pattern here.
forex_trader_225338
Membre depuis Jan 08, 2015
posts 2
Jan 12, 2015 at 15:59
A hammer is a very significant candle, I see it as an entry signal depending on the trend of the pair in question (only for uptrend though), if on the daily chart the trend is up, I always fancy entering a trade after a hammer on the daily, my stop will usually go underneath the hammer. I understand every trader is different and I'm happy to read anyone's view on this.
Membre depuis Mar 16, 2021
posts 477
May 01, 2021 at 00:34
The hammer is usually seen when trying to change one trend and run another. Again the hammer can be seen from the swing point.
Membre depuis Jul 20, 2020
posts 399
May 15, 2021 at 14:10
Ive always like this candle pattern. The logic behind it is sound. The pressure from either side of the market has to be respected
Membre depuis Jan 22, 2021
posts 125
May 25, 2021 at 08:54
Hammers take the point when, there is long downtrend and generally, it is a bullish reversal candle but must confirmed with next candlestick pattern.
Membre depuis Mar 16, 2021
posts 477
May 26, 2021 at 00:58
blackChelsea posted:Yes. The hammer provides the signal to create the swing point. And the role of the hammer in reversal is a lot.
Hammers take the point when, there is long downtrend and generally, it is a bullish reversal candle but must confirmed with next candlestick pattern.
Membre depuis Aug 25, 2021
posts 1
Aug 27, 2021 at 16:35
Yes. The hammer provides the signal to create the swing point. And the role of the hammer in reversal is a lot.
Membre depuis Jul 20, 2020
posts 399
Sep 22, 2021 at 06:54
It is definitely a solid indication but has to be a part of a much wider strategy. There is bias, market structure and timeframe of hammer too. But i definitely like it
Membre depuis May 11, 2020
posts 21
Dec 02, 2021 at 14:05
In my opinion, hammer pattern greatly helps traders to determine the entry point. I always try to find whether bearish or bullish hammers in order to understand is it right time to enter the position or not. Of course, the vast majority of traders prefers to check the trends and support/level resistance, however I combine everything and I handle the task of finding a proper entry point. Moreover, sometimes you can determine the exit point due to hammers
So, I guess that it's a very universal pattern which should be learnt by novices.
So, I guess that it's a very universal pattern which should be learnt by novices.
Jan 19, 2023 at 15:41
How do you recognize the hammer? Like I know the candle pattern, but which timeframe should I be looking? in 1 minute you see loads of candle patterns that dont mean much in my opinion. Does it need to be on higher timeframe to be viable?
Membre depuis Jan 31, 2023
posts 21
Feb 03, 2023 at 10:13
The hammer candlestick pattern is a reversal pattern found in technical analysis. It resembles a hammer and is considered a bullish reversal pattern. The pattern gives a trader an idea of the direction of price movement and its potential reversal.
Best Regards,
Dom
Best Regards,
Dom
Fichiers joints:
Trade what you see not what you think
Oct 18 at 06:41
It’s pretty cool how it shows potential reversals after a downtrend. I think a lot of traders miss the Inverted Hammer, though! It can signal a bullish reversal too, and I’ve found it super helpful for spotting entry points.
In trading, knowledge is power; in practice, patience is key.
Membre depuis Sep 03, 2024
posts 5
Oct 21 at 19:09
Yeah I find it can be helpful in the context of a broader strategy including filters and trade management etc.
Dec 14 at 21:17
Hammer is accurate BUT only @ a area of value ( A price level that has been tested by the market @ least twice and failed in the past ) personally I don't make decisions based just on a candle , or a pattern, I have 3 rules that must qualify the setup and move , If all 3 is not presented , I sit on hands , wait for next opportunity at a later stage.
Higher timeframe candle 1 Week , 1 Day , 4 HR candle will give u better results ( @ areas of VALUE )
Higher timeframe candle 1 Week , 1 Day , 4 HR candle will give u better results ( @ areas of VALUE )
If it is a business it takes time , if you gamble then you want to make it big fast , I am no gambler,
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