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Hammer

COPPER Long Term Buying OpportunityThis trade technically constitutes as calling a bottom (which I don't particularly like to do), although I have a few good reasons why I'll be taking this long trade. First and foremost, Copper is currently tuning away from the bottom of it's long term curved downtrend channel. Secondly, last week's candle was a fairly large hammer. Thirdly, Squeeze momentum is as oversold as it's ever been. The final reason is that over time, Copper has consistently gone through fairly rigid periods of increase and decrease. These periods range from about 100-150 days. Copper is nearing the end of it's current period of decline. A combination of reasons I have listed above describe why I will be long in Copper until approximately January 2016. Leave your thoughts, comments and a like if this was helpful in any way to you. Happy Trading!
FX:COPPERLong
by IceTrading
5
AZO makes new highAZO has been a well trending stock for many years, especially since breaking above the $200 zone in 2010. Despite the great trend I would not have traded this due to the low volume. I generally prefer stocks with much higher volume to help aid liquidity (although AZO has done exceptionally well without adhering to this criteria). And now the stock is pretty expensive so only those with large accounts could trading consider it. AZO can go into quite long pullbacks/consolidation which are not overly deep as far as the chart is concerned - but which are over $70 in depth (from a monetary perspective). Overall, a good chart but not a practicable one to trade.
NYSE:AZOLong
by iAnneTrader
KR bull trend continues after pullbackI posted on KR just a couple of weeks ago (18th February) making a big case for entering long into this stock if you weren't already in it. The next bar saw price continue to rise - followed by 10 days of pullback! However, the 50ma held strong (with a hammer reversal candle just below the $70 round number) and any long-term position with a reasonable stop loss would not have been stopped out - and traders are now be seeing a reward for their patience. This was a deep pullback for KR - which has been trending in a very linear fashion for many months. But not too deep to cause concern. And now price has continued in its uptrend we can see the advances of longer-term trading and a bit of patience.
NYSE:KRLong
by iAnneTrader
AUDUSD 4 HOUR SHORTPrice bounced off the 0.236 fib several times forming a evening star and then several bearish pinbar candlestick patterns in a row. This is indicating selling pressure, we could see price advance to the downside soon. My preference is a rally up to the 0.5 fib in confluence with some structure but advancing up to that level is looking less likely. RBA meeting on Tuesday so id advise to get in before the meeting because im confident RBA will be dovish which will weaken AUD causing AUDUSD to plummet
Short
by remelthomas
HSP breaks above 2010 resistance HSP is a stock which cropped up on my stock scan at the weekend. It has appeared before but wasn't of interest to me until it clearly broke the 2010 pivot high of $60.49. The move in December 2014 could well have been a head fake but the hammer/reversal candle on 6th January suggested a continued move to the upside. The resistance-turned-support was almost retested again a a few days later but since then there has been a run of 6 consecutive bullish bars. Overall HSP has been in a bull trend since early 2013 and has now clearly broken the 2010 high. A more recent trend developed, on the daily, in early November 2014. I will wait for the trend to become more established (and for earnings to be released on 11th February) but one for my bullish watchlist.
HLong
by iAnneTrader
1
Watch This Candle: #AUDJPY Hammer Weekly | #FOREXIntroducing another posts type named " Watch This Candle", I will try to spot and explain the main important candlesticks patterns. I wish you like it. If you do please comment and agree so i continue... ----------------------------------------------------------------------------------------------------------------------------------------------------------- Candlestick Pattern: Hammer Prior Trend: Down Implications/Use: Bullish reversal, Bullish correction, good for scalping Introduction One of the most powerful tools in gauging shifts in market balances, the hammer candlestick pattern is one of the patterns I personally find extremely useful in the process of determining trend reversals. Definition There are plenty of candlestick patterns; however the hammer is of the most illustrative. Hammer candles form when a security moves sharply lower after the open, but rebounds to close significantly above the low of the session. The shape The Hammer has a long lower shadow with a small body, the lower shadow should at least be double the size of the body, and the body can be green(up) or red(down), however through my experience I find the ones with green body more reliable. The Hammer should be preceded by a clear downtrend or at least several down days. Note: breakouts below the low of the hammer usually lead to further bearish movement, and confirms bearish continuation. $$ It's strongly recommended to always use candlestick patterns in conjunction with other technical tools to increase the chances of success. For example, a hammer near a support level or the 50-days Simple Moving Average. Note: breakouts below the low of the hammer usually lead to further bearish movement, and confirms bearish continuation Guys, please check my new website thefxchannel.com , vote and subscribe , thank you...
Education
by Technician
36
Hammer with a bullish move the next dayGod morning fellow traders! Last time it reached this level was 2014-01-24! Its a f**king great day! What we have is a hammer with a very long tail, indicating a strong momentum on the bulls. Today we have a bullish move. This such a move that every body at the trading desk is waiting for! So i will do 3 trades today only on AUDUSD. I will buy either later today or tomorrow depending on how the market plays. Meaning that it has to close as bullish today. Otherwise i don't enter. I have also marked where my first sell will be. At .38,2%. I can sell all of my three trades at that point, however, it all depends on how the markets plays out. My second trade is at 50%, and; My third is more of a long shot, not impossible thou but it is 78,6%. I hope you have the best day ever! Kind regards TheBull
Long
by TheBull2
2
Long again on USD/CADBeing in a daily uptrend, USD/CAD has strongly rejected a previous support level (1.0860), and the 0.5 and 0.618 Fibonacci level in its pullback and closing on Friday 29th August 2014 above the 50ema as both an outside bar and a low test giving well-founded signs of imminent bullish continuation. A drawback to this trade would be that the weekly chart is still in a pullback. Entry - above Friday's close Stop loss - ideally below Friday's close Target - initial level at previous highs
Long
by amanpaulbhogal
MTF Analysis: EURUSDSimply put, the Euro has been declining for virtually all of July. Demand has been weak and support levels have been broken time and time again. From my POV, this is the first Bullish RSI divergence on the Daily in quite some time. The divergence came with some interesting PA as well: July 30 and 31 presented two Hammers, followed by a Bullish engulfing pattern. This was soon negated with a Harami then drop in price. As the Bears tested the Hammer's low, there was an intraday break but price couldn't close at the new lows, giving us the Divergence. The 4 Hour shows us this PA in greater detail as well as presenting two trading opportunities. 1. A long on the break of the Harami we've formed. 2. A long on the formation of the Alternate Bat pattern. The ALT Bat is not one I've traded too many times and Bat's structure isn't as symmetrical as I would like. Neither trade is with the major trend so I'll pass. Whether or not the divergence and recent inability for price to go lower is indicative of a correction or trend reversal remains to be seen. I'd feel more comfortable taking a short if we do see rise in price or on a retest of another failed support.
Short
by MarshallFX_