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@  shaileshmn : (11 December 2018 - 07:44 AM) a beaautiful trade i took now. should be a win
@  shaileshmn : (11 December 2018 - 07:44 AM) https://imgur.com/a/zMGCGv3
@  Bigindoda : (11 December 2018 - 07:21 AM) liverpool :wub:
@  traderpusa : (10 December 2018 - 07:28 PM) history repeats itself.
@  thahot1 : (10 December 2018 - 07:17 PM) @shaileshmn Banned for long time trolling
@  thahot1 : (10 December 2018 - 07:16 PM) @shaileshmn u got banned now u are back all u did was added the letter n to your name....what a shame
@  traderpusa : (10 December 2018 - 06:43 PM) good morning
@  shaileshmn : (10 December 2018 - 10:58 AM) 3-0 for today
@  shaileshmn : (10 December 2018 - 10:17 AM) hope it turns out profitable
@  shaileshmn : (10 December 2018 - 10:17 AM) a call
@  shaileshmn : (10 December 2018 - 10:17 AM) https://imgur.com/a/qqqt1Sj
@  shaileshmn : (10 December 2018 - 09:25 AM) 5 min BO put
@  shaileshmn : (10 December 2018 - 09:25 AM) https://imgur.com/a/O4JQxK2
@  shaileshmn : (10 December 2018 - 09:10 AM) https://www.msn.com/...rnor/ar-BBQKDCO
@  shaileshmn : (10 December 2018 - 09:00 AM) just in case someone wants to short the indian markets
@  shaileshmn : (10 December 2018 - 08:59 AM) https://www.msn.com/...s-rbi-governor/
@  jesusrcc : (10 December 2018 - 08:36 AM) no brexit vote tomorrow https://www.theguard...ningful-vote-eu
@  Bigindoda : (10 December 2018 - 08:07 AM) dont like to scalp 5-10 pips.
@  Bigindoda : (10 December 2018 - 08:04 AM) good job mowgli i am still waiting
@  Mowgli : (10 December 2018 - 07:55 AM) @bigindoda thats y i short bro.

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Supportive Hammer

PA Trend/Momentum trading

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5 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]

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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#6 BinaryLife

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Posted 16 August 2018 - 01:37 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]

Greetings

 

I haven't tried this strategy. " 4) Hammer has to occur as 2nd or 3rd candle of the Trend " -  looks as if a very complicated strategy. 

 

1) Wick of hammer is not allowed to be bigger than 75 percent of the previous candles size." - but why this rule.? The bigger the wick is , the greater the momentum is. 






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