Aliassmith Beats a "Dead Horse"

[cheunt3]

Alias,

See what I'm talking about with those "hanging men".?

Price into something, Hanging man (or inverted hammer)
Next bar close proper direction.

#aj.JPG

If you don't mind me butting in, but I've been practising combining candles in my head and I've been looking at hanging men, shooting stars, dojis, inverted etc ... It's actually amazing to see pin bars and engulfing patterns everywhere at tops and bottoms if you combine stuff, it's amazingly very common:

bear pin 1.png (6.71 KiB) Viewed 1313 times

pin2.png (9.61 KiB) Viewed 1313 times

pin3.png (15.47 KiB) Viewed 1313 times

hanging4.png (11.96 KiB) Viewed 1312 times

Mighty said this before "If you do not combine candles then you have learned nothing up to this point"

He said this in the context of a higher time frame than 5 min but from I've been trading it works everywhere. He was always and has always tried to get us to see context, by combining, to see the overall pic. I now get why he was so cryptic with his lessons because he wanted us to see past singular candles.

[cheunt3]

And if it helps your brain, understanding the psychology of the hanging man doesn't hurt too:

"The Big players (Institutions) who were previously long, slowly start to sell a part of their positions. At this point, the FOMO (Fear of Missing Out) buyers step into the market. These buyers simply enter the market because of their fear of missing out on another strong uptrend. These FOMO buyers often end up being the last buyers towards the end of a trend.

A Red candle after a Hanging Man may scare the FOMO buyers and the selling may escalate as both the big players and the FOMO buyers start to sell together. The Big players sell to exit their positions and the FOMO buyers sell as their stop losses are hit. If a red candle comfortably closes below the lows of the Hanging Man, it's safe to assume that the buyers on this Hanging man were in fact the FOMO buyers."

Personally, if you see a pin, single or combined at the top or bottom, and like alias and lem are always banging on about, just trust pin bars.

[dojirock]

I have always been a big believer that a typical single candle chart is a fools map to know where. Its outcome is a herd mentality heading to the slaughter.
using multiples of 2x as much as 6x gives you the over all view of the what's really going on. under 2x is like trying to read a book with your face a inch away from the page. I recall a very much respected trader from this realm stating that multiples of 2 to 5 give all the clarity you really need (you know who you are). Can you efficiently read a book a couple inches from your face? What about 6 feet from your face? If looking at a chart with single red and green candles were a true reflection of traders psychology, everyone would make money, which we all know is impossible. Colors don't matter, and as said before many times, reading single candles, wicks are the deception, bodies show the way.

[prochargedmopar]

And if it helps your brain, understanding the psychology of the hanging man doesn't hurt too:

"The Big players (Institutions) who were previously long, slowly start to sell a part of their positions. At this point, the FOMO (Fear of Missing Out) buyers step into the market. These buyers simply enter the market because of their fear of missing out on another strong uptrend. These FOMO buyers often end up being the last buyers towards the end of a trend.

A Red candle after a Hanging Man may scare the FOMO buyers and the selling may escalate as both the big players and the FOMO buyers start to sell together. The Big players sell to exit their positions and the FOMO buyers sell as their stop losses are hit. If a red candle comfortably closes below the lows of the Hanging Man, it's safe to assume that the buyers on this Hanging man were in fact the FOMO buyers."

Personally, if you see a pin, single or combined at the top or bottom, and like alias and lem are always banging on about, just trust pin bars.

If you listen to ICT,
Buyers and Sellers DO NOT move the market.

Half the planet could be buying and if the program is offering price lower.
It's going down. LOL

For me if price is at Something then hanging men and inverted hammers can be beneficial to either confirm direction or give an advanced entry/smaller SL.

#aj1.JPG (76.75 KiB) Viewed 1289 times

[prochargedmopar]

Inverted hammer at "something" H1 chart.
No close below.
All 3 check marks are a buy in my playbook.

#aj2.JPG (96.09 KiB) Viewed 1277 times

[TheRumpledOne]

Alias,

See what I'm talking about with those "hanging men".?

Price into something, Hanging man (or inverted hammer)
Next bar close proper direction.

#aj.JPG

If you don't mind me butting in, but I've been practising combining candles in my head and I've been looking at hanging men, shooting stars, dojis, inverted etc ... It's actually amazing to see pin bars and engulfing patterns everywhere at tops and bottoms if you combine stuff, it's amazingly very common:

bear pin 1.png

pin2.png

pin3.png

hanging4.png

Mighty said this before "If you do not combine candles then you have learned nothing up to this point"

He said this in the context of a higher time frame than 5 min but from I've been trading it works everywhere. He was always and has always tried to get us to see context, by combining, to see the overall pic. I now get why he was so cryptic with his lessons because he wanted us to see past singular candles.

Those are PRICE TURNS.

[prochargedmopar]

Inverted hammer and close above but wasn't meant to be.
The close below Lots of somethings showed the way. Continuation.

#aj3.JPG (71.59 KiB) Viewed 1253 times

[dojirock]

I will leave you with this. Night ya'll

Screenshot 2022-01-05 225836.png (81.4 KiB) Viewed 1249 times

Doji

[cheunt3]

Inverted hammer and close above but wasn't meant to be.
The close below Lots of somethings showed the way. Continuation.

#aj3.JPG

Not at the charts so not sure if that was an inverted hammer but:

invertedHammerPro.png (73.59 KiB) Viewed 1239 times

[cheunt3]

Could be like this, right Pro?

invertedHammerPro - Copy.png (73.33 KiB) Viewed 1234 times