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@  neddihrehat : (21 February 2018 - 06:49 AM) See you bye
@  neddihrehat : (21 February 2018 - 06:48 AM) Hahahaha,.
@  traderpusa : (21 February 2018 - 06:48 AM) Wife called dinnertime, so Traderpusa out lol. See you later ! Will be back to watch Falcon 9 launch.
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@  neddihrehat : (21 February 2018 - 06:46 AM) I like retraces.
@  traderpusa : (21 February 2018 - 06:46 AM) without any indicators.
@  neddihrehat : (21 February 2018 - 06:46 AM) Nah, tell me how are you doing in your life.
@  traderpusa : (21 February 2018 - 06:46 AM) https://gyazo.com/93...e94bb7301c194ef One of the guys just went long on UJ, and look at it go lol.
@  traderpusa : (21 February 2018 - 06:44 AM) The simple break retrace has been working for years, and still does.
@  traderpusa : (21 February 2018 - 06:43 AM) Actually doing fine trading wise. Getting most days my daily profit target, with of course keeping an eye on margin.
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@  traderpusa : (21 February 2018 - 06:32 AM) https://gyazo.com/63...3643845ec11b56c
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@  neddihrehat : (21 February 2018 - 05:23 AM) Hahahaha
@  shaileshm : (21 February 2018 - 05:23 AM) as if with forex nothing vanishes lol
@  traderpusa : (21 February 2018 - 03:28 AM) seems you woke up from your hibernation lol
@  traderpusa : (21 February 2018 - 03:27 AM) still lazy lol
@  neddihrehat : (21 February 2018 - 03:16 AM) How are you doin?
@  neddihrehat : (21 February 2018 - 03:16 AM) Hi Lazy trader :D

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Supportive Hammer

PA Trend/Momentum trading

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4 replies to this topic

#1 Makyaa

Makyaa

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Posted 29 September 2017 - 08:35 AM

Hi y`all,

i wanna share a concept which i have been studying for quite a time now. The concept is the following.

If there is Momentum  in the market, which i define as a big bullish or bearish candle below the 4 and 6 emas and those are in trend Setup, i wait for a Hammer in Trend direction and then enter for 2 candles expiry. 

Following rules I follow as well:

1) Wick of hammer is not allowed to be bigger than 75 percent of the previous candles size.

2) The Momentum candle must be within reason. It isnt allowed to be extraordinaly large comparing to the last candles.(last 50 candles

3) In a trend Setup i only trade 1 Hammer, Then i wait for the next Setup

4) Hammer has to occur as 2nd or 3rd candle of the Trend

I am using the M5 timeframe but this strategy is, as every good one, usable in every TF

Logic is. Momentum --> Correction in smaller TF --> no new lows/highs established --> still Momentum in the market

I didnt backtest it properly but maybe we could join Forces. If you want to backtest with me contact me on my email: [email protected]et

Greetings

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#2 Makyaa

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Posted 29 September 2017 - 08:39 AM

Lol, the second picture is Jeff Wall`s Art. Sry

And i have been trading this for half a year in real



#3 Makyaa

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Posted 19 October 2017 - 09:53 AM

How can I edit posts?



#4 zeeshan ali

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Posted 19 October 2017 - 10:15 AM

Makyaa

ahahah :)

hi bro never people respnd you :=

 

u use still this strategy?



#5 Makyaa

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Posted 12 November 2017 - 04:29 PM

Hi, 

yeah, i think its quite a good entry technique if there is Momentum in the markets, but nobody wants to discuss with me ):

Currently in Backtesting. Looking quite well (;

But lets see in 1-2 weeks when i hv the 1k backtesttrades 

I guess my winning percentage will be around 75 perc.


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