Comments on: What is a Doji? http://blog.afraidtotrade.com/what-is-a-doji/ Helping traders overcome fears and emotions in trading Wed, 08 Feb 2012 09:26:36 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: financial spread betting http://blog.afraidtotrade.com/what-is-a-doji/comment-page-1/#comment-213703 financial spread betting Wed, 12 May 2010 11:10:03 +0000 http://blog.afraidtotrade.com/?p=1919#comment-213703 As a trader i feel uncomfortable seeing a dojo on my charts. Like to leave it alone and sit on the side lines. As a trader i feel uncomfortable seeing a dojo on my charts. Like to leave it alone and sit on the side lines.

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/what-is-a-doji/comment-page-1/#comment-72391 Corey Rosenbloom Sat, 12 Apr 2008 21:46:53 +0000 http://blog.afraidtotrade.com/?p=1919#comment-72391 True, typically higher oil prices cause consumers to cut-back on spending and unfortunately force small truckers out of business (as well as force other small businesses out). All this creates reduced demand on oil - but there are other factors at play here. Dojis do frequently mark (at least) short-term reversals in markets, and I noticed the same pattern you did. Hmm. One might call the pattern you described as a type of 'belt hold' but honestly, the pattern would be derived from a deep overnight gap which is then almost totally filled the same day. These create vacuums where one side is literally exhausted or 'capitulated' and then there are no more (in this case) sellers. Ironically, these times occur when the situation is deemed to be 'at its worst.' While there may not be an actual candle name for the pattern, you speak of a very powerful signal which has occurred at least twice recently. True, typically higher oil prices cause consumers to cut-back on spending and unfortunately force small truckers out of business (as well as force other small businesses out). All this creates reduced demand on oil – but there are other factors at play here.

Dojis do frequently mark (at least) short-term reversals in markets, and I noticed the same pattern you did.

Hmm. One might call the pattern you described as a type of ‘belt hold’ but honestly, the pattern would be derived from a deep overnight gap which is then almost totally filled the same day. These create vacuums where one side is literally exhausted or ‘capitulated’ and then there are no more (in this case) sellers. Ironically, these times occur when the situation is deemed to be ‘at its worst.’

While there may not be an actual candle name for the pattern, you speak of a very powerful signal which has occurred at least twice recently.

]]> By: Anonymous http://blog.afraidtotrade.com/what-is-a-doji/comment-page-1/#comment-71976 Anonymous Sat, 12 Apr 2008 01:00:48 +0000 http://blog.afraidtotrade.com/?p=1919#comment-71976 looks like another one on $WTIC just this Thursday, April 10. I certainly think oil is due for a consolidation period with slack demand (no planes, fewer drivers...) Commodities overhyped right now. GLD had a similar doji on Friday. Excellent observation. I'm looking at some other charts very closely. My personal favorite is a bottom signal -- the hollow red candle -- as a bottom marker. Is there a name for this one? looks like another one on $WTIC just this Thursday, April 10.

I certainly think oil is due for a consolidation period with slack demand (no planes, fewer drivers…)

Commodities overhyped right now. GLD had a similar doji on Friday. Excellent observation. I’m looking at some other charts very closely.

My personal favorite is a bottom signal — the hollow red candle — as a bottom marker. Is there a name for this one?

]]>