[AD]
space
red
space Wizards Den
gray
20 Golden Rules
for Traders
gray
red
Trading Masters
tran
NEW TO TRADING & TECHNICAL ANALYSIS?
tran
Click Here
tran
red
space
WIZARDS
TUTORIAL
Home
Daily
Courses
Tactics
Resources
space
red
space
 
YOUR DAILY
MARKET
GUIDE
Morning Trader
Featuring
Tour The Bells
Interactive
Trading
Picks
space
PICKS, CHARTS, SCANS, IDEAS & PROFITS
space
Check out
MORNING TRADER
NOW!
space
and
EVERY MARKET DAY!
 
red
 
Powerful Tools for Traders
space
Mastering The Setup
space
Complete 7-Bells Scans
and More
space
Info
 
red
space
DOJIS AND SHOOTING STARS
 
DojiDoji
DojiLong-Legged Doji
DojiGravestone Doji
 

A doji represents indecision and forms part of several important formations:

  • Doji Star
  • Morning Doji Star
  • Evening Doji Star
  • Abandoned Baby
  • Tri Star
Doji

In this context, the doji star that formed at the red circle was important in the overall assessment of the market. The triangle outlined in blue had a high of 1348 and a lower boundary of 1341, which is 7 points. The way to measure and project price on this descending triangle is to take the lower boundary of 1341 and subtract 7 points to arrive at 1334 and just like magic, a doji star confirmed our measurement.

 
Doji

In this instance, the gravestone doji indicated by the arrow occurred on a test of high, telling the trader that there are many willing sellers on this test.

 
StarBlack Shooting Star
StarWhite Shooting Star
StarHangman, Black or White
Star

Here, we see a black shooting star at the test of the previous high within a Trader Vic 1-2-3 2B top reversal set up. The market could go no higher after the shooting star and this was confirmed two candles later breaking support at the 20EMA5. Note the first high was made on a relative of the doji, a spinning top.

 
Star

Here, we see a black hangman at the test of the previous high within a Trader Vic 1-2-3 reversal set up. The market could go no higher after the hangman and this was confirmed four candles later breaking support at the 20EMA5. Note the first high was made on a long legged doji.

 
Star

A pattern Linda Raschke calls Three Little Indians, three waves up to a climax, topped by a white hangman indicated by the arrow.

 
Hard Right Edge Recommends:
[AD] Low Commissions/Excellent Service:
We Strongly Recommend CyberTrader as your professional trading solution.
 
 
[AD]
 
red
space
POWERFUL
ONLINE
TRADING
COURSE
From
HARD RIGHT EDGE
mtt
Your
Original Guide
to
Successful
Short-Term Trading
space
Highly Effective
Market Strategies
and
3-D Charting Techniques
space
Get
More Info
space
red
 
HRE SPOTLIGHT
space
Technical
Analysis
Masters
space
red
space
John Murphy
space
red
space
TA Financial Markets
 
Intermarket Technical Analysis
 
Visual Investor
 
red
 
All original materials: © 2006 Brooke Publishers, Inc.
Comments: trader@hardrightedge.com