Candlestick Pattern Trading #7: What is a Hammer by Rayner Teo
Welcome to video #7 of TradingwithRayner’s candlestick trading course!
This is a free (step by step) candlestick trading course that teaches you the essentials of candlestick trading patterns, even if you’ve never traded it before.
This course has 17 videos and it covers: useful candlestick trading patterns, advanced candlestick trading techniques, biggest mistakes to avoid when trading candlestick patterns - and candlestick trading strategies.
Now…
In this 7th video, you’ll learn:
• What is a Hammer and how it looks like
• The REAL meaning of a Hammer
• How to identify the best hammer to trade
Ready for this lesson?
Then go watch this video right now.
If you want to learn more and get a free trading education, go to www.tradingwithrayner.com
Thanks for watching!
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Пікірлер: 40
Excellent explanation
Great job explaining
Thank you my friend 😎
Thanks Teo
When you say bullish reversal pattern does this mean that if it was going in an uptrend before at the appearance of the bullish hammer meaning it would now go in a downtrend?
Hi Rayner, This may be stupid but will it be still called a hammer even if the sellers are in control? (Red hammer). Is it still a sign of bullish momentum? what about a green shooting star? thanks man
@leogabrielcruz6385
3 жыл бұрын
Same question here.
@Hotsauce001
2 жыл бұрын
I wonder aswell.
can you please tell me what is an isolation that you said to not to trade
good job
Thank you :))
I THANK TO YOU
What does it mean don't trade in isolation
Why did you say that the last two candles you pointed at this video were not hammer pattern? I am curious since the lower wicks of those two candles were at least twice the candle body?
@annatria2130
5 жыл бұрын
he said "another hammer" not "not a hammer"
@daniraj186
4 жыл бұрын
Yes I was curious abt that too !!! I mean I don't get the last part ... could u pls try to explain it to me pls??? Thank You... hope u reply me.
@angeldiaz1754
4 жыл бұрын
it will be considered as hammer if the size of the Body is Thrice as the size of the Wick
@errorinlaw
3 жыл бұрын
@@annatria2130 he said it´s not a hammer i think .
What is “ don’t trade it in isolation?” Please explain this .
@bhavinvalani6343
4 жыл бұрын
Never trade by watching candlestick pattern only...use more then 2 conformation before entering..
eu não estou entendo nada, mais tudo bem, BRASIL!!! SÃO LUÍS-MA
What's meant by "don't trade in isolation" ??
@emiliosnic
3 жыл бұрын
I think that it means that you should see what's happening in the patterns before. For example if you have 5 bearish patterns and then 1 bullish, I guess you should not immediately go long but instead wait to see if it's the trend is actually reversing or not...?
@kishorerabha8920
3 жыл бұрын
it means don't trade based on only seeing a candlestick such as a hammer. Use it in combination with other confluences such as trendlines, support resistance, fibs etc etc.
I did'nt understand last point 'isolation' one.
@errorinlaw
3 жыл бұрын
Please explain what you mean " don´t trade it in isolation", as this can be very important statement. Thanks.
1:43 but isn't Thor's weapon still a hammer?
@alexvidu4517
3 жыл бұрын
Cheers for this, I have been researching "what is a forex reversal pattern mean" for a while now, and I think this has helped. Have you ever come across - Banackenzie Aristocratic Builder - (do a google search ) ? It is a smashing one off product for discovering how to conquer options trading minus the headache. Ive heard some unbelievable things about it and my cousin got cool success with it.
@jeanluisindriagolugo232
3 жыл бұрын
Just wonderful, I been tryin to find out about "123 reversal pattern is one candle pattern" for a while now, and I think this has helped. Have you ever come across - Banackenzie Aristocratic Builder - (should be on google have a look ) ? It is an awesome one of a kind guide for discovering how to conquer options trading without the normal expense. Ive heard some interesting things about it and my cousin got amazing success with it.
Wick or Tail ....???
2:52 Wait a minute This is hanging man candle and it is bearsh candle. !!!
Dude, please try to explain by zooming the part where you at explaining..
Hammer is the same as bullish engulfing but within a single candlestick instead of between two candlesticks right?
@russellwalker3830
6 жыл бұрын
Rayner Teo Oh OK, I just started watching lesson #13 which explains it. Awesome response time btw
misleading, all hammers are not reversal candles
i dont think you executed this well.
@NK-ne9uf
3 жыл бұрын
How so? I’m curious
@sasuke1212naruto
3 жыл бұрын
I understood this perfectly.