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I always place orders on the bottom of the doji, at the close of the
period (in this case 60m). You know there is support there, and by
placing an order the doji close, put a stop just under low of doji,
makes for a good risk/reward trade.
mm
-----Original Message-----
From: BobR [mailto:bobrabcd@xxxxxxxxxxxxx]
Sent: Wednesday, November 15, 2000 10:39 AM
To: realtraders@xxxxxxxxxxx
Subject: Re: [RT] Reversals
That's a good doji shot, Bill. Just wondering what your and others
advise would be on placement of a buy order after completion of bars 1
and two of the doji sandwich. Would you wait until late in the third
session when it was obvious that the sandwich was going to complete its
pattern, or wait until completion of the third bar and place the order
on the fourth day. No doubt risk and probabilities would determine your
answers, but I am curious about your thinking on this entry and the
various entry options. Also, assume you were short dropping down into
the doji sandwich, where would you exit the short?
Thanks,
BobR
----- Original Message -----
From: t-bondtrader <mailto:t-bondtrader@xxxxxxxxxxxx>
To: RT <mailto:realtraders@xxxxxxxxxxx>
Sent: Wednesday, November 15, 2000 7:11 AM
Subject: [RT] Reversals
Somebody dropped me a line the other day concerning the Doji Sandwich
and asked if I could show a pattern, but I had a bit of clear out of my
files and I cannot remember who it was. Anyway, I thought the recent
one on the S&P hour chart was a good one, and the other 2-bar reversal
to the left of it, was a good example of the difference between the two
and three bar reversal.
While very boring for the old hands, I hope this will find the person
who sought the info and help any other newish trader.
Now...
If someone would be kind enough to let me have yesterday SPZ0 data, I
would be very grateful. DBC were down two times yesterday, over here,
but fortunately (even if very definitely not from a trading standpoint)
I was doing my community bit and away from the office all day.
Many thanks
Bill Eykyn
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