I know this is not a PB and it is neautral but can it be played in the say way. I.E. put a stop at the bottom of it and enter the trade once the next bar breaks the high.
I've wondered about these Doji's as well, but there's no 100% reliable way to trade em. They work ok WITH confirmation, but then most of the fun's already over. What they represent to me though, especially on big timeframes, is a heads up, that the current move is running into trouble / could exhaust and be over. Or is pausing, retracing, whichever.
I was looking to go long after I saw it, but by the time I was awake London open had already run away with it all
Caught 72 pips later on in the 1h action as I posted earlier...
So what I'm trying to say: doji (flat open/close) = warning, look to smaller timeframe to give me a clue and look at the surroundings.
Things to take into consideration:
Are we at the end of a retrace of a bigger move?
Are we on a TL?
Is there big s/r? (Yes in my case, 1.9405 was on my chart)
What is PA telling me?
Attaching an example of a larger TF with a possible "theory"
Why do I always look at these 200 pips too late?
Trust price. Know yourself.
