Common MISTAKE That Many Technical Traders Make With ‘DOJI’ Candles!⚠️ #shorts

In this video I quickly explain Doji candles & a common mistake that some technical traders make with them👍🏼

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DISCLAIMER: This video is not financial advice, it’s for educational and entertainment purposes only. The information provided is simply based on my own personal opinion or knowledge. I’m not a licensed financial advisor so be sure to speak with your own financial advisor, and to do your own research. Any links provided help support the channel, where I may receive a commission at no additional cost to you. Also, trading or investing carries a large amount of risks with the real potential of losses. Past performances due not guarantee future results. Be careful.⚠️

[matt_fxs]

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[t..]

If you want to use a doji for an entry just wait to see if the next candle will break the high/low of the doji for more confirmation

[jaredfontecha]

first legit trading video ive seen on youtube shorts

[nevinkuser]

A common mistake I've made before 😂. I think at this point I've made every possible mistake but mistakes are the best teacher!

[prakharsahu]

I've more confidence on double bottom then doji

[tradeswinners]

Perfect. Awesome. Atlast someone who is showing traders the real picture. rest consider this Doji as oversold and teach that buying will start, wherein this is a trap only hammer often give a little impulse wave for A B C and again down if downtrend continues... Good Work

[dylanjanuary]

The psychology behind the doji candle means there's a indecision of buyers and sellers however doji can be used as a entry criteria only if the next candle closes above or below depending on market structure and scenario, other than that u just gambling and not trading.

[nagarajkyatari]

After doji if it is a bullish candle then it is a reversal that's where you can get the confirmation

[mattattooo]

I love these shorts. I learn a lot from them. It would be awesome if you had a course/ training sort of thing with homework and quizzes and sucks…. That would be awesome sauce.

[soey.carter]

With doji’s it’s also important where the price closes relative to the range of the candle.

[javierlahuerta]

The poit is not to undestand the market, is to identify patterns that historically gives you a static advantage in a long term, if a good backtest say that after this candle is more posible the change of the trend, the logic behind, is not important, that's what technical analysis really means.

[Dylabong]

The only time it can be trend reversal If it is hitting a Support line on an uptrend or vice versa And you're able to use your level 2 tickers To make sure it's the right set up. However typically typically if it is a true trend reversal it'll try to come back for a head and shoulders Formation. So be careful! I personally would never take a trade off of that I'd wait for the head and shoulders 1st. At that point you'll have better momentum

[eazydispatching]

learned this lesson the hard way but this was a great explanation. thank you! Understanding the conversation between these candles and why the dojo candle resulted. Usually it is a pause like he explained.

[KeniSlayer]

Not even only that, it also has two tails, the upper tail basically means that sellers had a stronger say in the candle while I tried to go up, so it’s basically saying that it’s more likely to go down than up, because it’s a strong selling graphic. Every thing of the candle says something one just has to look at it

[darknessofislam]

Bro, at last, I get clear ideas about how doji actually work. All these times, I've been wondering my setup failed eventho I bought/sold at doji zone. Thank

[AmrTX]

In a stock in play, to execute a down reversal look for a 5 red candles on the 5 min chart, very low RSI, price is approaching a previous resistance level or a VWAP or MA. Once all this is achieved you can look for a doji or a bullish green candle for a possible reversal to the upside, stop loss is right below the reversal candle, Vice versa for top reversal of course. Saying this was easy discipline in executing it and controlling your emotions and risk management is the tricky part. GL all

[jackthegod]

I Always wait for the confirmation candle after the doji

[allinthemind]

Great advice, I learned that the hard way 😅

[samarsengupta]

I learn it from my small loss. That's right, morning star is good signal 😊

[spectral.]

Focusing in one single candle and ignoring all the PA, is the same as alerting for a fire by seeing a dude smocking a cigarette in the middle of the ocean.