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DOJI means neutral in Japansese.
It means that the stock opened and closed at the same place.
Doji can be used to create long position if it appears after a significant price fall and the volume is high to indicate trend reversal. Doji after a sideways trend may not indicate anything.
Doji should visully looks like neutral (the day opening and closing price should be equal or more or less equal) and the volume should be high when doji appears. if doji appears after the bearish trend, long position can be create once the price breaks the last two days High price. Expected returns is 1.5 times * risk.
Doji means neutral where the opening and closing price is the same.
good doji appears rarely but is very powerful.
appearance of doji after a significant fall.
doji with high volume indicates trend reversal.
doji followed by a sideways movement does not indicate anything and should be ignored.
long position to be considered when the price rises above the doji days high.
stop loss when the price goes lower than the doji days low
Doji is neutral. Opening and closing should be equivalent. Good Doji appears rarely, but very powerful. Thin shaped, cross shaped or that looks like plus sign.
Condition:
1. If appears after a significant rise / fall.
2. Doji with high volume indicates trend reversal.
3. Doji followed by a sideways movement may not be considered.Action:
1. Long position is considered when price rises above Doji high and stop loss when goes below Doji low.
2 Target is twice of the risk takenVice versa for short position
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