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Matt or Steve, am I correct to think that a Doji candle is only significant or to be used as a trigger if it is in the right place on the chart, i.e. at a support or resistance area? How important is location? Thank you.
Yes - better at extremes and still need confirmation on following candle. With volatility high consider employing intraday charts as well for trades
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Matt or Steve, am I
Posted by chapgolf on 3rd of Jan 2019 at 11:01 am
Matt or Steve, am I correct to think that a Doji candle is only significant or to be used as a trigger if it is in the right place on the chart, i.e. at a support or resistance area? How important is location? Thank you.
Yes - better at extremes
Posted by steve on 3rd of Jan 2019 at 11:13 am
Yes - better at extremes and still need confirmation on following candle. With volatility high consider employing intraday charts as well for trades