TradersClass

Superior Trading Skills through Education

 
Great Reversals - The Doji Sandwich Print
Written by Site admin   

There are plenty of price patterns to trade from the classic Flags
and Head & Shoulders to the Harmonics that will feature in a future
webinar. Some of the simplest can be the best and some years ago an
old friend, Bill Eykin, coined the Doji Sandwich.

 
 
It's amongst the most powerful of the three candle patterns, simply
a norrow range candle is sandwiched between two much longer ones
with the smaller 'Doji or Spinner' candle stuck in between, not
sure of where it to go next. As can be seen on this daily chart,
when it forms it can lead to some excellent moves.
 
 

From the blog

Dollar Flash Crash

 

 

Dollar Flash Crash - The HFT Algo boys are at it again. Last night, just when Forex trading was at it's sleepiest the algos saw a US$ vacuum and filled it with massive sells against the Euro.

They then completed the 150 pip move with an immediate buy back that took all of a few minutes.

Nice, quick and easy for the algo companies. !!!xxx!!! for the thousands of traders whose stops were hit, boosting the algos profits.

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