Automated Trading Profit > Importance of Doji in stock trading
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[Afraid to Trade.com Blog] Yet Another Trend Day Down: back to its 20 period EMA and formed three tight-range doji candles, that was your clearest entry signal for a range expansion move and the position I deem the “highest probability” short of the day.
[Pro Forex Strategy] Pip Nailer Trading System: We’re looking for an entry when all 3 indicators line up on EXACTLY the same candle. So, for example for a SELL, then we’d go short when the PSAR appears above the candle, the AO turns red, and the AC turns red.
[Penny Stocks Blog] Penny Stock Picks Submitted By Dr. PennyStock: IRBL - Here we have the signal, strong white candle, the +DI crossed the ADX line to the up side, it will run today, it has several resistances between .0032 and .
[Andrew Spanton - Forex Blog] Andrew Spanton Financial Report July 28th,2008: Doji on daily, looks like it might have a pop before resuming its downward move. BIAS - NEUTRAL. TRADE IDEA FOR THIS PAIR FOR PREMIUM SUBSCRIBERS ONLY! NZD/USD - Another Doji on daily chart, oversold a bit, should pop with Aussie ...
[Afraid to Trade.com Blog] Time to Buy AAPL?: I keep the legends off the charts now because they obscure data at times, but I realize the importance of knowing the exact value of the averages. I will turn the legends back on and try to call attention to key levels/dollars when appropriate.
[The Option Queen Newsletter] The Option Queen Letter for July 6, 2008: The S&P 500 futures chart is at a point where, should it close below the Thursday low, we could open the door to a waterfall of sell-stop orders. Thursday’s venture to the downside was the third of such venture seen testing the 1250 level. The Thursday session had a slightly higher low on the shortened-pre-holiday trading session. Thursday’s session was an inside day. The downtrend line for the Monday session is 1290.75. The downtrend line is exceedingly steep. We could see this market rally to the mid 1300’s and remain in a downtrend. The weekly chart shows a very steep spillage cascading the prices lower with the three tests of the 1250 level very clear. Each test has brought the market lower, but only marginally lower. If we look at the monthly chart, we notice that there were three tests of the lows from the end of 2002 to early in 2003. These lows were higher lows not lower lows as we see today. The downtrend line for the Monday session is at 1294.31. The uptrend line for the Monday session is 1257.29. You have the boundaries needed to trade! The 5-period moving average is at 1271.98. The upper edge of the Bollinger band is at 1386.87 and the lower edge is seen at 1248.48. The only indicator that we see giving a slight buy-signal is our own indicator. The stochastic indicator is oversold and continues to issue a sell-signal, the RSI is oversold and going flat while the Thomas DeMark Expert indicator is flat at neutral. The indicators on the weekly chart are mixed with both the stochastic indicator and our own indicator curling to the upside but failing to give a buy-signal, the RSI continues to issue a sell-signal and the Thomas DeMark Expert indicator is issuing a buy-signal. We do expect to see a dead-cat-bounce and that bounce will tell volumes about the future of the rally from these oversold levels. Fasten your seat-belts for a very interesting summer. Oh, by the way we should see support at 1242, 1223.50 and 1213 under that”¦”¦bombs away!
[Fallond Stock Picks] Stockcharts.com Weekly review: The DJIA has a Harami two-day candle pattern on its daily chart. In order for the patterns to be confirmed prices must close above the intraday peak of each pattern.
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