The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.
Tuesday, October 27, 2009
A doji candle looks innocent enough:But look under the hood of that monster and what do you have? Chop!Something to keep in mind (on all time frames) is that a Doji candle represents a trading range. In other words, there's nothing to trade (nothing "easy" anyway) within a trading range, there are better places for you money. This can be said of the Doji cousins as well; the High Wave candle, Spinning Top, and the silly long-legged Doji.