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Old 08-07-2007, 08:20 AM
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Re: Pattern Analyis: Doji

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Would you mind explaining your statement here jake? I'm curious as to what analysis you have done that shows a dragonfly/gravestone is stronger than a hammer. I personally don't see how either of those technical types of doji's are stronger than a hammer/shooting star. I would actually take the side of the discussion that hammers/shooting stars are stronger, partly due to that I see hammers/shooting stars much more often in my trading (daytrading of the ES) and I have found entries to be easier to gauge on hammers/shooting stars as well. That's not to say that your statement is incorrect or anything, but I'd like to know why you feel those doji's are stronger than hammers/shooting stars.
I always think of long legged Dojis as a 'special case' of a hamer (i.e. open = close rather than almost the same). Actually I don't think in candlestick terms at all I'm more interested in whats going on 'behind them'. The long tails interest me as that usually indicates a testing and rejection of some level or other.

Cheers.

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