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Bullish Morning Doji Star Scan

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Larry Swing President of mrswing.com

Larry Swing is the President of the popular day and swing trading site www.mrswing.com a place where you can find free daily articles and videos covering education, market analysis and picks from Larry and other well known traders in the industry.

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Sep 15, 2007 - The bullishness of the doji star created on the 1st two days is confirmed with the 3rd day...

This pattern signals a trend Reversal

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How to identify...
  1. 1st day is a long black day.
  2. 2nd day is a doji which gaps below the 1st day's close.
  3. 3rd day is a white day.
The Code: (((((((CLOSE2*1.0025 < OPEN2 and OPEN1 < CLOSE2) and OPEN1 < CLOSE1*1.0012) and OPEN1 > CLOSE1*0.9988) and LOW1*1.0025 < CLOSE1) and HIGH1 > CLOSE1*1.0025) and CLOSE > OPEN*1.0025) and CLOSE > CLOSE1)

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by Larry Swing
CEO & Head Swing Trader

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Disclaimer:

Please note that charts and commentary provided by the moderator are for educational purposes only. Any trades placed upon reliance on the moderator’s charts or information is taken at your own risk for your own account. Past performance is no guarantee of future results. While there is great potential for reward trading stocks, futures and options, there is also substantial risk of loss and you must decide your own suitability to trade. Future trading results can never be guaranteed. This is not an offer to buy or sell stock, futures, options or commodity interests.

Most trading systems are based on historical formulas which have worked in the past. However, what has happened before may or may not happen again. You can lose all your money trading stocks, futures, and options and you must decide your own suitability as to whether or not to trade. Only trade with true risk capital you can afford to lose. Only trade markets you can properly afford to trade. Properly funded trading accounts typically perform better than those that are not. Never risk more than 2-3% of your account on any one trade. Always define your risk before entering a trade and place a stop to limit your risk.

There are no guarantees or certainties in trading. Trading involves hard work, risk, discipline and the ability to follow rules and trade through any tough periods during a system’s draw downs. If you are looking for a guarantee, trading is probably not for you. Most people lose money trading. One of the reasons is that they lack discipline and are unable to be consistent. A system can help you become consistent. Ironically, worrying about the monetary aspect of trading can contribute to and cause a trader to make trading errors. Therefore, it is important to only trade with true risk capital.

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