InformedTrades asked:
www.informedtrades.com A lesson on how to trade the Spinning top and Doji Candle Stick Chart Patterns for traders of the stock, futures, and forex markets. In our last lesson we learned how different candlestick formations can tell us different things about whether the buyers or the…
{ 17 comments… read them below or add one }
i think the doji is the best and most underated indicator. it’s so conspicuous that it grabs everyones attention.
Hi Dave,
in this example with the doji at the top and divergence in the stochastic, would you then place your sell order when the stochastic breaks below the 80 point ?
Thanks
Anyone know what a bullish “gravestone doji” means? I’m guessing that the stock can’t get much lower, and the bearish trend is coming?
The video of the trading Eminis education was really very informative , simple and exciting .And very easy to understand
My technical question is , as far as the trend reversal is concerned, the spinning top, doji candles are indicative
Additional to these are hammer head and hanging man as well
so what i mean is all above candles does indicate reversal trend?, ofcourse with additional confirmation like stochastic and RSI
Very nice video. Click on my account to see many free forex trading courses.
all my videos are ordered by number if you visit my channel. Best Regards, Dave
would be nice if you followed up your title with part 2 of the first video. makes it hard to find.
My pleasure AM2M thanks for the comment. Best Regards, Dave
Wow, thanks
Hi Tarikdigital, I personally would not place much emphasis on a candle that opens and closes at the same level and does not have an upper and lower wick. The reasoning here is that the doji is meant to represent the battle between buyers and sellers as both try to drive prices in their direction (forming the wicks) but neither succeeds (forming the small body). If there is just a small body this to me would normally mean more that nothing was really happening during that candle. Best, Dave
Is the “candlestick” still called a “doji” if it does not have a wick, and opens and closes at exactly the same price? What is the implication of this type of candlestick?
Hi Umairs2004, Tanks for the comment and thank you for watching.
Best Regards, Dave
You seems to me a one heck of a man…thanks for your wounderfull videos…
my pleasure. Thank you for watching and thanks so much for the comment. Best Regards, Dave
great stuff… thank you so much..
Thanks a lot for the feedback I am glad you liked it. Best Regards, Dave
Great summary explanation. Very clear and to the point.