Know Before You Trade

Three ways you might be misusing the "Doji"

  1. NOT WAITING FOR CONFIRMATION
  2. 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.
    doji
  3. TRADING AFTER DOJI IN MID TREND
  4. Trading the Doji in mid-trend and not waiting for it to appear at significant structure is a bad way of trading.
    mid_trend
  5. SMALL TIME FRAME DOJI'S
  6. 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.
    small_doji
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