My Trading Adventure

Reversal Candle : Hammer

CP TEH
Publish date: Wed, 17 Jan 2018, 08:44 AM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.



Yesterday night ... after a very long day, I gave an e-meeting to briefly share simple knowledge about how to identify a 'hammer' ... level 1 knowledge. Just learn how to identify a hammer.

https://www.investopedia.com/terms/h/hammer.asp

You do not need to pay to learn hammer. Knowledge level 1 is FREE ... just go to investopedia or youtube.

And given Serbadk is not a hammer. Masteel and Annjoo formed a hammer but AnnJoo is a stronger hammer.



HengYuan is not a hammer ... PetronM is.

VS is a hammer and Skpres is not really a hammer.



These are few examples I have given. Knowing which is 'hammer' is just a level 1 knowledge. Until someone asked if UMW a hammer ... I checked and surprised ... he is level zero, showing no knowledge about 'hammer'. So ... if you are in level-zero .... know nothing (newbies) at all, I will encourage you to LEARN first before you even bother to trade.

Well ... I would check on these chart tmr ... and show if hammers work well .... this time a round.

Note : Hammers do fail ... but higher chances of reversal. You just need to up your knowledge and experience level to understand how to identify a strong hammer.

TEH
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Discussions
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Bystander123

Thks for taking time to explain to beginners , like me, who are keen to learn,
I see there are lots of pro traders n experts in I3 , who already knows a lot.
But csnt understand wht they trying to say, hear a lot of distracting noises , just csnt talk in a un macho wsy

2018-01-18 07:04

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