Hammer

Oct 06, 2014 at 06:46
4,119 Views
12 Replies
Biedrs kopš   1444 ieraksti
Oct 06, 2014 at 06:46
Discuss the Hammer pattern here.
Dbetrayed1
forex_trader_225338
Biedrs kopš   2 ieraksti
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.
Biedrs kopš   477 ieraksti
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.
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
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.
Biedrs kopš   477 ieraksti
May 26, 2021 at 00:58
blackChelsea posted:
Hammers take the point when, there is long downtrend and generally, it is a bullish reversal candle but must confirmed with next candlestick pattern.
Yes. The hammer provides the signal to create the swing point. And the role of the hammer in reversal is a lot.
Biedrs kopš   1 ieraksti
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.

Biedrs kopš   82 ieraksti
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
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
Biedrs kopš   21 ieraksti
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.
Biedrs kopš   1 ieraksti
Jan 20, 2022 at 17:34
Is this also called the pin candle sometime. Ie long downward wick and small candle at the top
Biedrs kopš   21 ieraksti
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?
Biedrs kopš   21 ieraksti
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

Pielikumi

Trade what you see not what you think
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