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If someone starts flaming you PM me with a screenshot of the incident and I will ban them if its legit. Do not flame them back, it makes our work as admins harder figuring out who started it. So if you flame them back, you may get banned too.
@  Purse : (21 July 2018 - 08:07 AM) r you sure its just beer and rum you drink here and then lol?
@  traderpusa : (21 July 2018 - 05:06 AM) I think I saw Elon Musk the other day, selling second hand rescue cave mini subs lol
@  traderpusa : (21 July 2018 - 05:03 AM) lucky i took delivery of beer and cigarettes earlier today.
@  traderpusa : (21 July 2018 - 05:01 AM) lol. in submarines these days
@  Purse : (21 July 2018 - 04:53 AM) Lol they do deliver pizza in tanks over there?
@  traderpusa : (21 July 2018 - 04:50 AM) gonna order pizza. Too much rain to go outside tonight.
@  traderpusa : (21 July 2018 - 04:50 AM) nah, it's average lol
@  Purse : (21 July 2018 - 04:42 AM) 3 times in a row, thats new record tho?
@  traderpusa : (21 July 2018 - 03:41 AM) dyslexia is a weird thing. One box is called shout, the other one search. No idea why I post this cause you can't read the difference lol
@  darman67 : (21 July 2018 - 03:39 AM) binary comodo
@  darman67 : (21 July 2018 - 03:39 AM) binary comodo
@  darman67 : (21 July 2018 - 03:14 AM) comodo
@  Purse : (21 July 2018 - 02:38 AM) Thats how its supposed to be, isnt it? You paid the shoes, you got the right
@  traderpusa : (20 July 2018 - 09:43 PM) yes, i have some tree growing empty beer bottles uncontrollably.
@  traderpusa : (20 July 2018 - 09:43 PM) Purse picking his fruits : https://gyazo.com/4e...599aca8ca65922e
@  Purse : (20 July 2018 - 09:40 PM) smth different*
@  Purse : (20 July 2018 - 09:40 PM) Does your concrete also grow something than just bbq grills and a private bar? :D
@  Purse : (20 July 2018 - 09:40 PM) lol ye, now i need a hovercraft to reach all my good fruits
@  traderpusa : (20 July 2018 - 09:36 PM) my concrete looks pretty clean :P
@  Purse : (20 July 2018 - 09:13 PM) Oh yea, over here we also got some heavy rainy days. My garden looks like a mud hole lol

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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]

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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