Stop...your thread has a lot of good info and a lot of work put into it...there are some who appreciate it...ignore those who disparage you
Well, well, well. What did I find here? A thread on trading "hammers"? Are you kidding me?
This is a utter and completely useless thread. And it is in the Hall of Fame area? LOL
The room I hang out in treats them as pullbacks because that is exactly what they are. Pullbacks in price all wrapped up in one bar. Nothing else.
There is no edge whatsoever in trading a "hammer" the way that it is explained in this thread. My God, this has to be a joke.
P.S. And what happened to the first trading hammers thread? Was it worse than this one?![]()
Seems the thread starter previously known as NihabaAshi and now known as wrbtrader.... is pissed because I dissed his trading hammers entry idea. But the problem is, he is wrong about that entry idea. Totally wrong. And he knows it. He never enters a trade like that. Maybe he did 15 years ago and had his ass handed to him. Poor guy.
So FT, does "The room I (FT) hang out in treats them as pullbacks because that is exactly what they are. "
Does the room you hang out in treat them as pullbacks? or...
Curious in Calabassas
https://elitetrader.com/et/threads/...at-right-here-baby.343012/page-7#post-5326834
We're saying the same thing.Where the hammer is happening on the chart determines whether it is a tradable hammer or not. But we do not have 800 rules for 18 different hammers either. There isn't time enough to determine a ton of rules while live trading. That is impossible. Unless you are trading a 15 min chart or something.
And no, I will not post anymore charts... and keep my mouth shut.