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Hammer Pattern

Ethan (Staff)
Oct 06 2014 at 06:46
1394 ieraksti
Discuss the Hammer pattern here.

John E
Dbetrayed1
Jan 12 2015 at 15:59
2 ieraksti
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.

LukeRachel
May 01 at 00:34
397 ieraksti
The hammer is usually seen when trying to change one trend and run another. Again the hammer can be seen from the swing point.

CraigMcG2020
May 15 at 14:10
168 ieraksti
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)
May 25 at 08:54
107 ieraksti
Hammers take the point when, there is long downtrend and generally, it is a bullish reversal candle but must confirmed with next candlestick pattern.

LukeRachel
May 26 at 00:58
397 ieraksti
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.

GibriceAYILLE
Aug 27 at 16:35
1 ieraksti
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)
Sep 15 at 00:31
77 ieraksti
Always a good opportunity to jump on Spotify and blast a bit of MC Hammer as you place the trade :D

CraigMcG2020
Sep 22 at 06:54
168 ieraksti
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

Shakashakar
Dec 02 at 14:05
15 ieraksti
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.

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