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Doji

CIMB: Long Term Reversal with Supported Year-LineThank you for your continued support :) Strategy: Moving Averages Formation Bias: Bullish As seen in the chart, the Year-Line is a strong indicator of trend. Around late Feb 2019, The price managed to closed above the Year-Line for a few days before rejecting and continued downward sliding. This time, not only is the price holding comfortably above the Year-Line, it also found support when it tested the Year-Line with a doji candle on the 4th Dec. Entry: 5.30 Stop-loss: 5.19 1st Target: 5.61 2nd Target: 5.77 Gentle reminder: Plan your trade and trade your plan. Peace out!
MYX:CIMBLong
by ShareWorldConsulting
TECFAST, Rebound on Support, Any Meat Left?Bias: Bullish. When the correction hit FOUR classic technical conditions on 29th Nov 2019, the next green candle on 2nd Dec shows promise of a swift rebound. Can you guess what are those FOUR technical tools? Ask us in the comments below! It might be slightly late to the party now, so let the buyer beware. Stop-loss: 0.385 // The recent low point. 1st target: 0.490 // Previous high as minor resistance. 2nd target: 0.520 // Historical resistance as major resistance. Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Stay tune! Guys, if you like the idea, please "like" it, this will be the best thanks. If you have any questions or trading ideas, please post them in comments! Thank you for your support, we appreciate it.
TLong
by ShareWorldConsulting
1
XRP could absolutely explode this month!First of, apologies for the clickbait-ish title - it´s the only thing that gets people to pay attention nowadays apparently. With that being said, the tittle is not entirely misleading and here´s why. General analysis: - last two monthly closes are very interesting as we closed the month of September in a doji type candlestick which typically signals indecision or perhaps even reversal - the following month was followed by a nice bullish candle that showed buyers are still interested in XRP at these prices - these two candles put together indicate a potential bottoming formation The way to trade this setup is very simple: - as soon as we take out the high of September at roughly 32 cents, I expect this thing to absolutely explode to the upside, when XRP goes, it goes hard - conversely, should we fall below the support (thick blue line) and especially if we trade below the low of the doji this thing is likely going down much more Bias? - short term time frames (1D, 2D, 3D) look a bit shitty and with Swell coming up I wouldnt be surprised at all if we see a short sell off to 23 - 25cents. Remember though, we are focusing on the weekly and monthly here - the fact that my lovely MA´s have crossed to the upside is really really good, even more so when it happens on a monthly scale - we appear to be in a falling wedge (no, this is not a descending triangle in any way, shape, or form), which do tend to resolve to the upside - finally, I usually don´t give a you-know-what about fractals but it is interesting how all the previous XRP pumps were preceded by big doji candles (blue boxes), followed by a nice bullish candle which ultimately lead to a big breakout In short, my bias currently is to the upside but either way this thing breaks, the way to trade it is very simple, which is why you should definitely pay attention to XRP in the coming weeks. Take care.
Long
by Mansasuma
1
Confluencing factors meetNow that the market has pulled back after the breakout, a short opportunity based on the technicals has formed. 1. Breakout 2. Pullback to fibo levels 3. Sell signal candle (doji) 4. Moving average pinned for these setups the stop is best placed above the highs where the trade would be considered invalidated and the target is at least 2x the risk - in this case the first low of the rising wedge pattern is also a good target but with a 1:6 risk to reward ratio. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg For live updates please feel free to join Forex Bootcamp using the link below DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Short
by Cmasterza
2
Going against the trend1. Falling wedge breakout 2. Pullback to moving average 3. Pullback to fibonacci levels 4. Doji - indecision signal from price action (so my bias is bullish after pullback) Stops are best placed below the signal candle where the setup is deemed invalidated and targets should be at least 2x the risk. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Long
by Cmasterza
SPY - Daily - Lonesome dojiI believe the market wants to go higher, and I have switched my bias to bullish ... for now. However, I think there will be some profit taking before the all-time high is broken for good, and convincingly. There was a gap up to open the day. The market then shot up, then shot down, then finished undecided (doji). Typically, a gap, then a doji, means reversal. But in this crazy market who knows!? I am thinking that we will see a small pullback for profit taking more than anything else. This was a good run-up after the consolidation break-out ... people are going to want to take their money while they're ahead. Notice the volume? It has been increasing for 4 days, and that could mean there's a little exhaustion here at the top. It's never a good thing for a market to overheat; a tiny pullback would be nice before it busts through the all-time highs.
AMEX:SPYShort
by Bankuur
Advanced trading Guide: Doji Candlestick AnalysisDoji Candlestick Analysis pattern is among the misunderstood candlestick patterns. There are four types of Doji candlesticks. Each has a different meaning and most advanced traders can figure them out. Most books written will teach Doji as a representation of indecision in the markets. Looking at the length of Doji, you’ll be able to speculate the future market movement. In this post, you’ll learn how to read and analyze Doji candlestick pattern. What is Doji? Doji candlestick appears on the trading chart when the market opens and closes at the same price level. It simply means that the market is uncertain if the buyer or sellers are in control. But there is a variety of Doji with various meaning on each. For now, let us know what usual Doji looks like: Doji Candlestick Sample - FinanceBrokerage Doji is a simple candlestick pattern. But it differs when taken into context. It provides the traders the sense of how the market will move. For instance, when spotting a Doji in an uptrend. This simply means that the market is in equilibrium (temporarily). Upon enough rest, the market will move higher on the path with least resistance. Observe the sample graphic below: Sample Doji candlestick in an Uptrend - FinanceBrokerage Avoid this usual mistake: Majority of traders spot Doji Candlestick Analysis in an uptrend and decide to go reverse. That’s a really bad idea. Looking at the market, if a trend is going upward and been moving higher, why would it lose against a single pattern like Doji? Different types of Doji candlesticks Dragonfly Doji In fact Dragonfly Doji rarely occurs in which the price closes on the exact position it opened. Preferably, there is variation in having a small body with a long wick in the bottom. The meaning will be the same. The important point is being familiar with what it means. Dragonfly Doji usually appears if the opening and closing prices are at the same level with a long lower wick. Below is a sample of a bullish Doji: Dragonfly Doji Sample - FinanceBrokerage That shows that whenever the market opens, the sellers are going in and pushing the price lower. But it won’t take a long time before buyers take control of the market, pushing the price higher. How to trade with Dragonfly Doji? Support marks an area where possible buying may come in. Go long whenever the price comes to support area and creates a Dragonfly Doji. The exact scenario tells you that it rejected lower prices with a high possibility to reverse higher. Observe the sample chart below: Dragonfly Doji in a range market Chart Sample - FinanceBrokerage When it comes to trending market, the market would likely bounce off the moving average. But you may go long whenever the price pulls back toward a moving average forming a Dragonfly Doji. Observe the sample chart below. Dragonfly Doji in a trending market Chart Sample - FinanceBrokerage Gravestone Doji Gravestone Doji appears whenever the open and close are in the same amount, but with a long upper wick. Below is an example of a Gravestone Doji: Gravestone Sample - FinanceBrokerage This type of Doji shows that when the market opens, buyers come and push the price higher. But it won’t take long until sellers gain control and push the price lower. The market finally closes with the same price it opened. This is a sign of weakness because sellers are in control. How to trade with Gravestone Doji? Resistance area marks the part where possible selling pressure could come. Go short when the price gets close to resistance forming a Gravestone Doji. The scenario simply shows that the market rejected higher price and could reverse lower. Observe the sample chart below. Gravestone in Range Market Sample - FinanceBrokerageWhen it comes to a trending market, Gravestone Doji could make the market bounce off moving average. Go short whenever the price pulls back towards moving average forming a Gravestone Doji. Observe the sample chart below. Gravestone in a Trending Market Chart Sample - FinanceBrokerage Long Legged Doji Long Legged Doji appears whenever the open and close are in the same price, but with a long upper wick and lower wick. Below is an example of a Long Legged Doji. Long Legged Doji Sample - FinanceBrokerage This Doji pattern shows that the market is uncertain upon a huge expansion in volatility. This pattern rarely occurs but if it appears, expect volatility to die out for some time before it picks up again. There are two ways to trade in a Long Legged Doji. Let’s elaborate each. After huge expansion in volatility, the market will need to take a break before it continues. For a while, the market will be in the range to gain orders before breaking out. That means you can go long on the lows of the Long-Legged Doji. Observe the sample chart below. A Long-Legged Doji Sample on Chart - FinanceBrokerage Long Legged Doji Short the Highs on the First Test Sample Chart - FinanceBrokerage Based on the first sample above, whenever the price tests the high/lows a lot of times, it will likely break out. Look at the sample chart below. Long Legged Doji Went Into a Range - FinanceBrokerage Full illustrated article on Doji Candlestick Analysis
Education
by Financebroker