Doji
A doji is a candle that opens and closes at almost the same price. Neither side won that period, so it marks a pause rather than a signal to trade.
In depth
The body is a line. Open and close finish within a few cents of each other, so the colour tells you nothing. The wicks can be long or short. Where it prints decides whether it matters: a doji on the daily chart covers a whole session, while a one-minute chart in a quiet stock prints them all morning.
Its narrow use is widening a level. A doji at a resistance line at 100 with a high of 100.40 turns that line into a band from 100 to 100.40. You take nothing inside the band, so your entry moves outside it and your stop sits beyond the chop. A doji does not set a level of its own, and one printing against you is not a reason to exit.
Why it matters
Two mistakes go away. The first is closing a good trade because one small candle printed against you. A trend that pauses for a candle is ordinary. The second is treating a doji as support and buying it, which parks your stop under a candle that showed no buyers at all.
A doji is usually a reason to sit still, and TraderLog shows what sitting still is worth. The calendar puts every day's profit or loss in one grid, and the stats page compares results after a win against results after a loss, where itchy days show up.
Frequently asked questions
Neither. It shows indecision, and its meaning depends on the level it prints at.
No. Use it to widen a level you already drew, then wait for price to clear that band.
Keep your Doji trades on the record in TraderLog
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