Hammer
Oct 06, 2014 at 06:46
3,658 Views
12 Replies
Myfxbook (Staff)
Member Since Jul 31, 2009
1431 posts
Oct 06, 2014 at 06:46
Discuss the Hammer pattern here.
Dbetrayed1
Member Since Jan 08, 2015
2 posts
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.
Member Since Mar 16, 2021
477 posts
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.
Member Since Jul 20, 2020
399 posts
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
Chelsea Blacks (blackChelsea)
Member Since Jan 22, 2021
125 posts
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.
Member Since Mar 16, 2021
477 posts
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.
Member Since Aug 25, 2021
1 posts
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.
Karlos Fandango (Smith2525)
Member Since Mar 15, 2019
82 posts
Sep 15, 2021 at 00:31
Always a good opportunity to jump on Spotify and blast a bit of MC Hammer as you place the trade :D
All or nothing
Member Since Jul 20, 2020
399 posts
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
Member Since May 11, 2020
21 posts
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.
Feb 03 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
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