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Strategies & Market Trends : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: sean sanders who wrote (831)	7/30/2005 1:59:30 PM
From: Casaubon	Read Replies (1) \| Respond to of 967

during that hammer at its lowest it would of looked like a down candle That candle is not really a "doji candle", IMO. It is just some trading that happened after the "potentially actionable" hammer bottom three candles earlier (though again, this timescale is somewhat questionable, IMO, without a major pattern establishing the intent of future price action). If you consider the earlier "doji" candle a "spring", then you would place the stop under the low of the spring (See "Japanese Candlestick Charting Techniques", by Steve Nison, page 194).