I do not want to appear disrespectful, but to me, this seems crap as you would get whipsawed to death by all the different "Trend Changes", especially in a choppy market... also there is ambiguity as to what exactly constitutes a trend change... The stuff he says about bars opening at the same level as the previous bar closed seem nonsense as it almost always does. At one point he says size of the bars in relation to each other matters and then in the next example he says it doesn't. WTF! ? So is it just change of candle color that's important?
Just my opinion. Rant over. I wish you all well. Carry on.
"Now i get the impression you were just entering based on the doji candle, and if thats your trading style fine but that is NOT the point of the larger time frame thread and i do not enter based on dojis as they are simply telling you that there is some indecision, not that there will be a reversal. ...."
I learned from friends & courses that teach me this :
A doji means indicision ALERT, it had the possibility of trend reversal or continuation, you can look for MTF trend development. I not asking you to do doji without proper trend analysis. It also maybe you timezone you are not able to do it. I had encountered this situation before - the bullish candlestick can turn into bearish candlestick the next moment. Like this USDJPY case, morning star you entered, next moment become evening star.
I just merely provided you the 1st friendly advise, a doji is a good alert whether a shorter or longer term you want.
Why this doji happen? you should know, there is a key support at 2009/nov.
You had analysed Daily, Weekly, you should able to see the USDJPY is in a down trend channel. When there is no break out of upper channel and showing a High high and higher low above it, how can you long for long term ? I was merely provided you 2nd friendly advise.
You are using RSI to see bullish divergence and enter based on reversal candlestick pattern, I provided you 3rd friendly advise :-
According to Andrew Cardwell & John Hayden, a bullish divergence usually seen in the downtrend are normally bearish, you should wait to sell high.
I very appreciate your thread for learning whether the trade naked or trade with RSI, I thought you don't use RSI in the trade naked, so trying to ask you to continue. but I am sorry that i very disorganised with my writing that cause you misunderstood my meaning.
Today USDJPY break your stoploss 84.60, it nothing to you, your loss should be small out of so many trades, but it a big gain in knowledge to me in the learning of andrew cardwell techniques.