Here’s an elegant piece from Brian Lunds blog on StockTwits. He describes some simple rule for trading a reversal hammer. Many of the rules fit my own style of trading this price action pattern.
http://bclund.com/2012/05/07/5-rules-for-trading-a-reversal-hammer/
Brian’s blog is a good read so you may want to sign-up to his posts.
Enjoy
Paul
A professional Trader and Coach, FXTraderPaul blogs about his adventures from the front-lines of FX Trading. A Trader and educator who can walk the walk as opposed to merely talk the talk!
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Forex & CFDs are complex products, not suitable for everyone and come with the high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
May 7, 2012
FXTrader Paul, Trading, Trading Set-ups