Candlesticks - Vol 9 - Doji

[FIXOVECIJA]

Wrong!!!

The doji is not a reversal pattern, it just warns you that there might be a reversal.

The doji alone says that the market went from bullish or bearish to neutral.

[YourTradingCoach]

@FIXOVECIJA,

Correct. The doji "alone" does say that the market went from bullish or bearish to neutral. However we don't simply look at a pattern in isolation. Rather, the pattern must be placed into appropriate context (where it's occurring within the market structure). In the right context, a stall (as indicated by the doji), followed by a break of this stall region will trigger sufficient stop driven orderflow to lead to a potential reversal. It's all about context and orderflow.

[untriedanduntested]

Yes, watching a lot of your videos, informative and very clear, thanks!

[YourTradingCoach]

@untriedanduntested

Thanks untriedanduntested! I'm glad you're enjoying the candlestick vids. :-)

[edison2222ful]

its easy to learn ,even fool like me thanks

[bobcatnation12]

A wall of Doji or as my friend says a spa bath of Doji!

[staphy82]

if it looks like a doji, it is a doji!

[grimstad9]

where can i get that google interactive bid chart...is it live and is it free?

[YourTradingCoach]

@grimstad9

That was a charting platform used by CMC Markets. I haven't used them for about 2 years now. I believe they now have a different platform.

However, there is really nothing special there. It was a standard charting application (actually a very basic one). Any broker or chart provider should be able to provide you with similar charting.

[Tino3708]

@grimstad9 watch my videos, i discovered free signals

[alladarwish2424]

is there any continuation candlestick patterns?

[YourTradingCoach]

@alladarwish2424

Yeah, there are continuation patterns. I haven't presented them as they're not really a pattern that I use in my own trading. You'll find they're not as common on the charts.

However if you want to search for information on the net, the most common ones would be the Rising Three, Falling Three, Upward Gap Tasuki, Downward Gap Tasuki.

Cheers,

Lance.

[Jugdesi]

Beautiful videos well explains now I am beginning to to understand the concept off doji. Many thanks :)

[TvsMrDanger]

Hi Lance

Your videos are very informative. I am just getting started on the forex market, which time frame should I look at for short term results. By short term I mean day trading.

Thanks

[YourTradingCoach]

@TvsMrDanger

Hi TvsMrDanger,

Traders use all different timeframes. You just need to play around on a demo to find the timeframe that suits your personality and your lifestyle.

For me, in forex, that involves trading the 5 min chart, using the 1 min for fine-tuning analysis and timing entry/exit. But as I said, all traders need to find the timeframes that match their needs. There's no right or wrong.

Cheers,

Lance.

[maxcaviar]

In an earlier video you mentioned that candles are short term trend indicators, but you went on to say that the trend would likely only last for 1 to 6 subsequent candles. At what time duration did you mean? 1 hour, 1 day, 1 week candles? Wouldn't the 1-6 candle estimate simply apply to the larger time frame candles? I guess what I am asking is what candle duration offers the highest statistical confidence level?

[YourTradingCoach]

@maxcaviar

Hi maxcaviar,

1-6 candles is of course an approximation, meaning the influence is typically short-term. (eg. don't expect a 5 min candle pattern to produce a trend lasting 3 months). Regarding duration, it depends on the timeframe of the chart displaying the pattern. On a 5 min chart, it means 1-6 5 min candles. On a daily chart, it means 1-6 days.

Cheers,

Lance.

[Tino3708]

@maxcaviar watch my videos, i discovered free signals

[Near407]

Thanks for the video.. I've watch up to 9 videos so far... it's been very helpful to me.. easy to understand.. Great work..

[YourTradingCoach]

Hi Near407,

Thanks for your feedback. I'm glad to hear you've enjoyed the candlestick video series.

All the best with your trading,

Lance.

[megla]

you are great mate.

[trikhakapila]

sincere thnx :).....i`m a novice in this field ... ur site is really helpfull fr people like me!!!....it makes things so easy.Hv started making sence in a chart ... thnx ! fr all those novice people who watch it ...but forget to say thnx

[dondappa85]

By watching your vids,I have truly began to understand what's going on in the market.I Have started making money without even using a single indicator.Thanks for posting these vids.

[YourTradingCoach]

Hey dondappa85,

That's great news. Congratulations on some good results.

Glad you like the vids.

Lance.

[eracerxxx]

3 doji at the top of a chart is called a "triple cross" ... this is a reversal at the bottom of a chart as well!

great videos by the way

[YourTradingCoach]

Thanks. Appreciate that.

Glad you enjoyed the videos.

Cheers,

Lance.