Doji

Signal Type: Reversal
Bias: Can be bearish or bullish

Doji

Description: A doji can occur at the top or bottom of a trend and is a reversal signal. Good dojis have small bodies (red or green), wicks about 2-3 times the size of the body (much larger wicks can occur) and wicks that are similar in length on the top and bottom. Dojis are most reliable in a range situation to indicate top/bottom of the range or after a retracement of a trend.

bearishdojiBearish Doji
A red body is not required for a bearish doji but can indicate a
more reliable signal as bears were able to push the close
below the open, indicating bearish strength

bullishdoji
Bullish Doji
A green body is not required for a bullish doji but can indicate a
more reliable signal as bulls were able to push the open
above the close, indicating bullish strength

gravestone_Doji
Gravestone Doji
Another variation of the doji is the gravestone doji. This is
characterized by a very thin body (ideally the open and close are the same),
a long wick on one side and a very, very small (non-existent is ideal) wick
on the other side. This is also a reversal signal.

7 Comments on "Doji"
  1. Reply
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    Comment left on:
    May 24, 2010 at 20:57
    godfrey says:

    how do i attach all these candles to my chart to know their uses

  2. Reply
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    Comment left on:
    May 30, 2010 at 21:45
    Nwokoro Cletus says:

    Please teach me how to setup the ATR and ADX, by this I mean how to complete or fill in the properties or the component parts of the two when they are opened. These include: Period, apply to, fixed minimum and fixed maximum. also tell me how to read and apply them. Thanks for you co-operation.

  3. Reply
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    Comment left on:
    June 20, 2010 at 19:18
    Ifiokobong Ukut says:

    Please How can I use the Candle Sticks to determine when to Buy or Sell a currency pair?

  4. Reply
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    Comment left on:
    June 21, 2010 at 04:16
    akpos says:

    nice question.

  5. Reply
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    Comment left on:
    June 21, 2010 at 04:19
    akpos says:

    However, I think I have a clue on these candle sticks, they indicate possible reversals. So what u do is to wait for the next candle to close before taking your trade. Ie if u are working with a M30 chart, wait for the next candle to close before taking your trade.Sell candle means sell, buy means buy. After all, it is logical that they are signals of the trend.

  6. Reply
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    Comment left on:
    September 4, 2010 at 05:37
    Chijioke Ekeocha says:

    I still need more explanation on this reversal candles. sounds confussing.

  7. Reply
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    Comment left on:
    December 8, 2010 at 13:11
    franca says:

    which of d candle sticks tells me when 2 buy or sell?

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