i had talked about this before in my posts but i will do it again so everyone understands another candle pattern I look. This is the doji or the indicive candle. What interestes me is seeing a doji with opposite candles on each side. So sell candle doji buy candle then i have a strong setup that this trade is going to go up. Or buy candle going up, the price stalls, a doji forms then a get sell candle, that is a sign that the price is going to reverse.
Early today i took my first buy, i had gotten in and then i saw this exact setup the buy candle a big doji candle though the tail was pointing up, i was in a buy and as i watched the nex few minutes unfold the buy candle formed so i held the trade and got 13 pips out of it i believe. See that i felt pretty strong the bias was going to be up for a bit. When using this setup your stop loss is the top or bottom of the doji candle.
Here are a few examples the second is one that i actually traded.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.