You are currently not signed in.

Please sign in or register.

What is a Hammer?

Страница: 1
Jun 28, 2013 07:50 pm
#1
burhan77 User

Сообщения: 6
Зарегистрирован: 27/06/2013

One of the most important candlestick formations that a trader can learn is without a doubt the “Hammer” or “Shooting Star”. In a nutshell, these candles can show a potential reversal of the trend. They tend to congregate at important inflection points in the markets, and can often predict a sudden move in the other direction. 

One of the main reasons they work is that so many people are familiar with them. It is probably the first candlestick a lot of traders learn. While they have different names, they are essentially the same thing: A representation that exhaustion is setting in for the market and it could reverse course soon.

The names are used depending on what direction the market is heading. When the market has been rising, the formation is called a shooting star. When the market has been falling, it is called a hammer, mainly because of the fact that it looks like one. When you see one of these candles, it might be time to get ready to head in the other direction soon. Having said that, let’s take a look at these formations

thaks

Jun 28, 2013 07:51 pm
burhan77 User

Сообщения: 6
Зарегистрирован: 27/06/2013

hhmm its good

thaks

Jun 29, 2013 07:02 am
Jogi User

Сообщения: 685
Зарегистрирован: 06/06/2011

thx for sharing this info. But u were supposed to show images too. Are they still under construction :)?

http://www.fxstat.com/widget/link?t=wide&c=1&s=26883&o1=growth&o2=drawdown&o3=monthly&o4=equity

Jul 01, 2013 03:53 am
Champ User

Сообщения: 711
Зарегистрирован: 17/05/2011

hello burhan. Do u trade using candlestick patterns especially hammer and shooting star? or u also use some technical indicators?

Usually candlestick patterns give very good indicator of trend reversal but it is not always the case. I have never tested them so do not know the probability of success but I think they r pretty good if used with some technical indicators.

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Страница: 1