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Doji

How to trade doji candle like a legendhello everyone, It's been a long that we haven't discussed anything here.. so our today's topic of discussion is how to trade/play with signs similar to Doji/ dragonfly/hanging-man etc so we know the sign very well. we are referring here to the candlestick pattern, where there is some conflict between buyers & sellers & both keep trying to push/pull each other resulting in forming a candle where we usually see a small body candle having wicks on both sides. so our next question is how to trade them.. 1. Trend: before trading such patterns the trend should be known very well. 2. Once we have got the trend then wait for the small body candle. 3. Once we have got the candle, mark the high/low of the prior candle of the doji candle. 4. Wait for the next candle to form after the formation of doji candle. 5. once, the marked candle high/ low is breached on a closing basis you are all set to go! examples shared Example -1 Example-2 Example-3 Example-4 Example-5 Example-6 Example-7 Example-8 Example-9 I have shared multiple examples regarding the same & hope I be able to add some logic also.. Please note time frame must be kept the same while analyzing this setup. I have shared entry & stop-loss levels only. will share stop loss technique in another post Thanks for reading!!
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by ShubhamKatiyar
13
Some Major Candlestick Pattern Bullish Engulfing: The bullish engulfing pattern is a two-candle reversal pattern. The second candle completely ‘engulfs’ the real body of the first one, without regard to the length of the tail shadows. This pattern appears in a downtrend and is a combination of one dark candle followed by a larger hollow candle. On the second day of the pattern, the price opens lower than the previous low, yet buying pressure pushes the price up to a higher level than the previous high, culminating in an obvious win for the buyers. Bearish Engulfing: A bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle. The pattern can be important because it shows sellers have overtaken the buyers and are pushing the price more aggressively down (down candle) than the buyers were able to push it up (up candle). Tweezer Top: A tweezers top is when two candles occur back to back with very similar highs. A tweezers bottom occurs when two candles, back to back, occur with very similar lows. The pattern is more important when there is a strong shift in momentum between the first candle and the second Tweezer Bottom: A Tweezer Bottom occurs during a downtrend when sellers push prices lower, often ending the session near the lows, but were not able to push the bottom any further. Tweezer Bottoms are considered to be short-term bullish reversal patterns that signal a market bottom Doji: A Doji is a candlestick pattern that looks like a cross as the opening and closing prices are equal or almost the same. The word Doji is of Japanese origin which means blunder or mistake that refers to the rarity of having the open and close price be exactly the same Evening Star: An evening star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It is a bearish candlestick pattern consisting of three candles: a large white candlestick, a small-bodied candle, and a red candle. Morning Star: An evening star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It is a bearish candlestick pattern consisting of three candles: a large white candlestick, a small-bodied candle, and a red candle. Hammers: The hammer candlestick is a bullish trading pattern that may indicate that a stock has reached its bottom, and is positioned for trend reversal. Specifically, it indicates that sellers entered the market, pushing the price down, but were later outnumbered by buyers who drove the asset price up. Inverted Hammers: The inverted hammer is a type of candlestick pattern found after a downtrend and is usually taken to be a trend-reversal signal. The inverted hammer looks like an upside-down version of the hammer candlestick pattern, and when it appears in an uptrend is called a shooting star: What Does the Shooting Star Tell You? Shooting stars indicate a potential price top and reversal. The shooting star candle is most effective when it forms after a series of three or more consecutive rising candles with higher highs. Spinning Top: A spinning top is a candlestick pattern that has a short real body that's vertically centered between long upper and lower shadows. The candlestick pattern represents indecision about the future direction of the asset. It means that neither buyers nor sellers could gain the upper hand. Three Black Crows: What Are the Three Black Crows? Three black crows is a phrase used to describe a bearish candlestick pattern that may predict the reversal of an uptrend. Candlestick charts show the day's opening, high, low, and closing prices for a particular security. For stocks moving higher, the candlestick is white or green. Three White Soldiers: Three white soldiers is a bullish candlestick pattern that is used to predict the reversal of the current downtrend in a pricing chart. The pattern consists of three consecutive long-bodied candlesticks that open within the previous candle's real body and a close that exceeds the previous candle's high Three inside up: the pattern is a bullish reversal pattern composed of a large down candle, a smaller up candle contained within the prior candle, and then another up candle that closes above the close of the second candle Three Inside Down: The three inside down pattern is a bearish reversal pattern composed of a large up candle, a smaller down candle contained within the prior candle, and then another down candle that closes below the close of the second candle.
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by TECHDARSHRESEARCHER
Price Action Analysis with Candlesticks(Part-1) Price is the cumulative result of all market information. Hence, technical analysts use price charts and chart patterns in their market study. candlesticks have become the most popular chart type for price action analysis. we have 3 methods to identify price action with candlesticks. 1.One Price Bar (Pin Bar) 2.Two Price Bars (Inside and Outside Bar) 3. Three Price Bars (MS and ES) In this post we discussed about One Price Bar only. we can post Remaining 2 concepts later.
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Titan... pin bar & double top intradayTitan pin bar and double top intraday given a free fall from 2380 to 2325 During the intraday if one develops the habit of reading candlesticks and patterns than the dependency on indicator will reduce and more clear picture of movement can be seen without confusion loading of many indicators makes difficult to take action.. keep your chart clean and neat... load only needed information which makes you comfertable while trading.. views are just for EDUCATIONAL...
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