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Hammer
Mitglied seit Jul 31, 2009
1444 Posts
Oct 06, 2014 at 06:46
Mitglied seit Jul 31, 2009
1444 Posts
Discuss the Hammer pattern here.
forex_trader_225338
Mitglied seit Jan 08, 2015
2 Posts
Jan 12, 2015 at 15:59
Mitglied seit Jan 08, 2015
2 Posts
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.
Mitglied seit Mar 16, 2021
477 Posts
Mitglied seit Jul 20, 2020
399 Posts
Mitglied seit Jan 22, 2021
125 Posts
Mitglied seit Mar 16, 2021
477 Posts
May 26, 2021 at 00:58
Mitglied seit Mar 16, 2021
477 Posts
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.
Mitglied seit Aug 25, 2021
1 Posts
Mitglied seit Jul 20, 2020
399 Posts
Mitglied seit May 11, 2020
21 Posts
Dec 02, 2021 at 14:05
Mitglied seit May 11, 2020
21 Posts
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
Mitglied seit Jan 19, 2023
21 Posts
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?
Mitglied seit Jan 31, 2023
21 Posts
Feb 03, 2023 at 10:13
Mitglied seit Jan 31, 2023
21 Posts
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
Trade what you see not what you think
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