YM Charts

[mgabriel01]

1 trade +$225 (paper trade)

 

[mgabriel01]

Quote from IronFist:

Are you shorting upside down hammers, too?

What are you doing when there's a hammer at the end of an uptrend?

What do you do when the bottom wick on the hammer is longer than your stop loss?

I may be calling an upside-down hammer a 'shooting star'
there was one on the chart today

I shorted it

I am waiting for the hammer to form completely before making a trade (ie no earlier than the next bar) --- so the longer the shadow the better

 

[mgabriel01]

1 trade +$120 (Paper money)

 

[IanMacQuaide]

WTG Gabriel, keep up the good work!

 

[mgabriel01]

thanks

suggestions/comments/observations welcome
(regarding the 3 candle patterns at any rate)

 

[mgabriel01]

-$20 on 5 trades
stopped out 3 times

 

[mgabriel01]

What reversal signals?
What candlesticks?
Just down down down

+$600 on 4 trades

 

[mgabriel01]

+$185 on 1 Trade (paper)

 

[mgabriel01]

+$445 on 3 trades (Paper)

What reversal signals?
What candlesticks?
Just down down down

 

[1a2b3cppp]

Quote from mgabriel01:

What reversal signals?
What candlesticks?
Just down down down

+$600 on 4 trades

Can you identify the hammers in that chart? I see a lot of bullish hammers but that whole chart was bearish.