Know Before You Trade
Author's Talk
Three ways you might be misusing the "Doji"
- NOT WAITING FOR CONFIRMATION
In the trading world, the most popular concept is to wait for confirmation before entering a trade. The idea is to filter out bad trades, so always wait for confirmation after a Doji. Remember patient is the key for successful trading.
- TRADING AFTER DOJI IN MID TREND
Trading the Doji in mid-trend and not waiting for it to appear at significant structure is a bad way of trading.
- SMALL TIME FRAME DOJI'S
Doji is usually a good indication of indecision meaning neither buyers nor sellers are in control. Utilizing Doji's on the lower time frame which just generally aren't as accurate because of noises.
