DislikedIn this situation, the Hammer is the ruling price bar, so your SL has to go below that bar or any support below it. Until the low of the Hammer is taken out, it is still a valid entry.Ignored
I think most people try to place the stop at the other end of the IB.
Probably a tradeoff there. Higher risk using the ruling bar but get stopped out less.
Most of the best Hammers and Shooting Stars with the trend don't have an IB following them anyway.