The hanging man and inverted hammer trading strategy | Forex Factory

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The hanging man and inverted hammer trading strategy

  • #1
  • First Post: Edited 9:33am Jan 10, 2017 9:15am | Edited 9:33am
I call this the hanging man and inverted hammer trading strategy,For those who are struggling to make money here is a simple strategy for you. This strategy works best on a weekly chart. Use the stochastic 8:3:3 for entry signals. for buy signals enter when the stochastic is over sold and the inverted hammer appears. for sell signals enter when the stochastic is overbought and the hanging man appears. risk reward is 1*2,the stoploss should be placed 1000 pips from entry. if by weekend the trade doesnt trigger your stoploss or your take profit close manually. risk 5% only on a single trade. comfortable trading capital should be above 2000$. works best when watching many currency pairs for signals. Has around 60% win rate.
100% KENYAN.
  • #2
  • Jan 31, 2017 4:03pm Jan 31, 2017 4:03pm
good rare event.
  • #3
  • Feb 1, 2017 2:03am Feb 1, 2017 2:03am
Quoting januszo
good rare event.
yes but it works well.
100% KENYAN.
  • #4
  • Feb 1, 2017 12:20pm Feb 1, 2017 12:20pm
Quoting executivefx
{quote} yes but it works well.
point when u think there is good opportunity at currency market.
  • #5
  • Feb 13, 2017 5:35pm Feb 13, 2017 5:35pm
au is rdy.
i will wait for pullback since im late one day.
  • #6
  • Edited 6:04am Feb 17, 2017 4:01am | Edited 6:04am
Quoting januszo
au is rdy. i will wait for pullback since im late one day.
.
100% KENYAN.
  • #7
  • Feb 17, 2017 5:59am Feb 17, 2017 5:59am
Quoting executivefx
I call this the hanging man and inverted hammer trading strategy,For those who are struggling to make money here is a simple strategy for you. This strategy works best on a weekly chart. Use the stochastic 8:3:3 for entry signals. for buy signals enter when the stochastic is over sold and the inverted hammer appears. for sell signals enter when the stochastic is overbought and the hanging man appears. risk reward is 1*2,the stoploss should be placed 1000 pips from entry. if by weekend the trade doesnt trigger your stoploss or your take profit close...
Thanks for presenting your strategy. What exactly do you mean with risk reward 1*2 - reward = 500 pips?
  • #8
  • Feb 17, 2017 6:01am Feb 17, 2017 6:01am
Quoting Go5
{quote} Thanks for presenting your strategy. What exactly do you mean with risk reward 1*2 - reward = 500 pips?
i dont understand your question.
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  • #9
  • Feb 17, 2017 6:06am Feb 17, 2017 6:06am
can you post a chart?


and he mean that you have a 500 pip reward for 1000 risk,i think.
Everyday better.
  • #10
  • Feb 17, 2017 6:10am Feb 17, 2017 6:10am
Quoting arlucad
can you post a chart? and he mean that you have a 500 pip reward for 1000 risk,i think.
no you cant i strongly recommend you to risk a 1000 pips.
100% KENYAN.
  • #11
  • Feb 17, 2017 6:13am Feb 17, 2017 6:13am
i will start posting the opportunities i see as from next week.
100% KENYAN.
  • #12
  • Feb 17, 2017 6:14am Feb 17, 2017 6:14am
when the stochastic is overbought and the hanging man appears. risk reward is 1*2,the stoploss should be placed 1000 pips from entry.



you had written that you place the stop 1000 pips away?
Everyday better.
  • #13
  • Feb 17, 2017 6:17am Feb 17, 2017 6:17am
Quoting arlucad
when the stochastic is overbought and the hanging man appears. risk reward is 1*2,the stoploss should be placed 1000 pips from entry. you had written that you place the stop 1000 pips away?
yes you should place your stop 1000 pips from your entry,your take profit should be two times your risk.
100% KENYAN.
  • #14
  • Feb 17, 2017 6:32am Feb 17, 2017 6:32am
Quoting executivefx
{quote} yes you should place your stop 1000 pips from your entry,your take profit should be two times your risk.
Went through 28 pairs but couldn't find any winner that big within a week - a couple of examples would be nice.
  • #15
  • Feb 17, 2017 6:37am Feb 17, 2017 6:37am
Those big winners are rare and so are the opportunities,if the price doesnt hit your take profit by the end of the week close your trade at the current profit or loss.
100% KENYAN.
  • #16
  • Feb 17, 2017 6:44am Feb 17, 2017 6:44am
Clarification;the 1000 pips is for those whose brokers have five decimal points,for 4 decimal points its 100 pips.
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  • #17
  • Feb 17, 2017 6:57am Feb 17, 2017 6:57am
Quoting executivefx
Clarification;the 1000 pips is for those whose brokers have five decimal points,for 4 decimal points its 100 pips.
A 1000 "pipettes" (should be called decipips, lol) it is then...
  • #18
  • Feb 17, 2017 8:21am Feb 17, 2017 8:21am
Quoting executivefx
{quote} yes you should place your stop 1000 pips from your entry,your take profit should be two times your risk.
1000 pips stop loss and 2000 pips take profit with 5% risk! I think your numbers might be slightly wrong
Excellence is not an act but a habit.
  • #19
  • Feb 17, 2017 9:39am Feb 17, 2017 9:39am
Yes He means 100pips
Everyday better.
  • #20
  • Feb 17, 2017 9:58am Feb 17, 2017 9:58am
Quoting 4undmanager
{quote} 1000 pips stop loss and 2000 pips take profit with 5% risk! I think your numbers might be slightly wrong
ask the question.
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