the entry is rarely the answer, why not look at the exit and the stop.

Just a stupid question! What happens if I do the opposite?

so true, people think if they add layers of technical tools together it some how means you can add all the low expectancy together and make it high expectancy. The idea of confluence with TA is just an illusions again and a result of humans desire ...

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nice of you to help magix out for the summer

How to correctly use Doji candlesticks to spot a reversal?

insignificant data periods, as anyone who has been around as long as you knows, mean nothing. This is how new traders get led astray with people posting this rubbish

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at last, someone that can accept a different opinion...

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you too sir...

Looking for Real Trading Method

like i keep saying, please read very carefully - without any proven statistical edge then you are relying on your beliefs nothing else - that is a fact unless you have the research or a link to any reliable research that proves that wrong? Please ...

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you have your belief system, and if it is working for you then it can not be wrong. The end justifies the means after all. I am still standing by my statement that these technical studies (with the absence of any fundamental studies) have no proven ...

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People have 2 very clear options. 1. Believe simple technicals have an edge, even though it has never been proven. 2. Accept they are no better than a coin toss and adjust risk accordingly. but, based on some comments here, people will choose option ...

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Everyone wants to build their systems on the technical analysis illusion. How many people will look at this chart and see it as a line of resistance being respected? and how many will look at it and see it being ignored as often as it is respected? ...

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Totally agree with your mindset and thinking. One of the best posts I have read on FF for a long time

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wow someone with a working brain! watch out you'll get lonely around these parts. Not going to go into support and resistance but they're also not necessary. Price moving from A to B can be traded at any point in between. ...

How to correctly use Doji candlesticks to spot a reversal?

no problem. Firstly I have posted some data based on Doji's earlier in the thread. - check back... now to answer your direct question about the GU Doji - no it is not anymore reliable, you have a bias that it is, but that all depends on where your ...

How to correctly use Doji candlesticks to spot a reversal?

yeah, i made some points about the doji, I just get tired of these guys who join a few highs and lows together and somehow expect us to say "hell yeah, you're great, what a trader". There's an all pervasive mindset that seems to think that only ...

How to correctly use Doji candlesticks to spot a reversal?

like i said, zero statistical proof - or even performance proof

How to correctly use Doji candlesticks to spot a reversal?

the use of the past to predict future price movements only exists because of humans intense fear of uncertainty and an obsessive need to quantify everything. There's absolutely zero proof of lines on a chart having any edge whatsoever, these lines ...

How to correctly use Doji candlesticks to spot a reversal?

yes but you stand a higher chance of being killed during a take-off crash url

Fallacy or Reality?: "Winning Systems Are Never Sold"

cool Hanover, it's not a case of not believing in chart patterns - i'm just interested in why people believe in them, often with no statistics to back it up. You will often hear that 'such and such' is high probability, but by their own admission, ...

How to correctly use Doji candlesticks to spot a reversal?

in a bull market, breakout long, 1/1 RR, yes it worked 68% - but not a reversal.

How to correctly use Doji candlesticks to spot a reversal?

url Long Legged Doji Discussion My tests show that the long legged doji acts as a bullish continuation candlestick 51% of the time, which I consider random. Thus, the indecision label is an apt one. The breakout direction is not known, and trying ...

How to correctly use Doji candlesticks to spot a reversal?