Thanks for your comments. Yeah everything Ive tried has flaws --- such is life. What you suggest here is what I am working through - in order to execute with some consistency. I appreciate the feedback
actually not showing the entries, exits or stops on these charts - just the reversal signal lol --- Im still not entirely crisp in my own mind on the entries and exits and especially the stops still working that through
Good book. A lot of folks forget that Candle patterns, including the Hammer, require the next complete bar for confirmation.........the obvious problem waiting for the "confirmation bar" is that often times, the move is either done - or the retrace stops you right out of the trade. Just FWIW Steve
Yeah - it ain't easy -- however you approach it Thats why Im paper trading at the momen Thanks for the comment
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?