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Thread: simple hammer pattern based price action with trend line

  1. #1
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    simple hammer pattern based price action with trend line

    guys i am sharing with you simple price action strategy which is very much profitable for me.i am getting 90 percent winning results by using that trading system.
    in this strategy we use candlestick chart it work best only on 1h,4h and 1d time frame.
    after opening a chart then a trader need to wait for the hammer pattern that is mention in the picture that there is two types of hammer pattern bullish and bearish. bullish hammer pattern in which fill candle on up side and pin side lies below the fill candle.
    bearish hammer pattern in which fill candle on down side and pin side lies above the fill candle.
    when every you find a bearish or bullish hammer candle draw trend line.
    wait for second candle and place order if candlestick moving in the direction of trend line
    trader can earn easily 20 to 40 pips using this simple strategy.

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  2. #21
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    Price action basis strategy is very useful for a trader and hammer pattern based price action is one of other good and profitable strategy. We can earn good by using this strategy. This looks simple but very helpful for Forex trading. So, we must need to aware of these useful strategies which may help us to generate more money from Forex.

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  3. #22
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    Quote Originally Posted by mdaminul View Post
    Price action basis strategy is very useful for a trader and hammer pattern based price action is one of other good and profitable strategy. We can earn good by using this strategy. This looks simple but very helpful for Forex trading. So, we must need to aware of these useful strategies which may help us to generate more money from Forex.
    This is part of what makes the trading system of the price action to be more effective, i have seen it many times when it comes to the trading of the market, and it will be rared to spend a day on the forex business without seen an hammer on either of the trading time frame of nay trading pairs, this makes it a very effective system.

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  4. #23
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    In my opinion if anybody want to do trade with hammer candlestick then use only long term time frame I like only Daily chart for trading in short term time frames candlesticks can give some wrong signals also but when you trade with daily chart then you will get a very good signals from candlestick that's why I ignore short term trading

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  5. #24
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    You can combine as many as possible trading system you want to be using in the forex trading market, but be careful so that it will not be too much in the doing. It shoudl be limited, but in the case of the explanation above, it will only strengthens and confirms your trading activity, this will Kiev you a better result than normal.

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  6. #25
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    happen pattern is a very good candlestick pattern that can give us nice pips in this market I am agree with your statement and if we do trade with long term trading then we can earn more than 20 pips within hammer candlestick this type of candle give always very good result in trading

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  7. #26
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    i have taking time to practice this trading strategy and the truth is that the strategy can surely work perfectly if one is patient with the market and the strategy is best use from lower time frame like 4hrs below and most likely the 1hr chart,the most important thing about this strategy is constant practice and better understanding the on the strategy

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  8. #27
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    Hammer pattern is one of the best candlestick pattern in forex market its a very good sign for buying and selling but we should check with trend also if we are getting a hammer on the peak of a uptrend then we can make sell from there same like that if we are getting a hammer on the bottom of a trend then we can make buy from here

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  9. #28
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    This is a near perfect trading on the reversal trading manners, it is a good thing to combine a trading systems like this as well, but never you think that they can not confuse themselves still. If you want to get it rightly done, make sure that they do trading in agreement all the time before you p[lace it.

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  10. #29
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    [lang=ar]I do not use the price action strategy , I see it as a strategy is not simple, and you need to be a professional in the forex market and know how to use this strategy and the right place to be used and successful husband who could come with this strategy with good results and good profits also[/lang]

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  11. #30
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    I agree that all simple pattern can be traded and we can start to enter our trade just like hammer or anything else that can be founded every where on chart, but this must be a good strategy if we found simple pattern on a support or resistan level to make it more good trade.

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