Myfxbook
(Staff)
Členom od Jul 31, 2009
1405 príspevkov
Oct 06 2014 at 06:46
Discuss the Hammer pattern here.

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.
LukeRachel
Členom od Mar 16, 2021
477 príspevkov
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.
CraigMcG2020
Členom od Jul 20, 2020
399 príspevkov
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)
Členom od Jan 22, 2021
125 príspevkov
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.
LukeRachel
Členom od Mar 16, 2021
477 príspevkov
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.
GibriceAYILLE
Členom od Aug 25, 2021
1 príspevkov
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)
Členom od Mar 15, 2019
82 príspevkov
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
CraigMcG2020
Členom od Jul 20, 2020
399 príspevkov
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
Shakashakar
Členom od May 11, 2020
21 príspevkov
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.
Simon
(padddler)
Členom od Jan 14, 2022
1 príspevkov
Jan 20 2022 at 17:34
Is this also called the pin candle sometime. Ie long downward wick and small candle at the top
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