This is the trading playbook where the
charts do the talking and every session
makes you a better trader.
Hello everyone and welcome to another
episode of the trading playbook. I'm
your host Len Ho here with Verified
Investing and every single week we go
through another technical analysis
indicator that we use here in the office
pretty much every single day to find and
maneuver through trades. And in today's
episode, it is very special. I'm so
excited and we're going to be talking a
little bit about dogeis. But before I
get any further, guys, a couple things.
Number one, just I would ask you to like
this video. Leave a comment down below
what you want me to cover next. I saw a
bunch of requests for, you know, gap
fills and head and shoulders patterns,
but I already covered those. So, make
sure to watch the previous episodes. Um,
because that information is still, you
know, still valid. Um, and don't forget
to comment, like, and subscribe. Let me
know what indicator you want me to cover
next. Um, and the other only other thing
is the uh million-doll long-term
investor is now live. Gareth and I have
a new service that are um
that is launched and we are going ahead
and opening up a long-term investing
um service. So, if you're interested,
scan that QR code. You'll get an ad at
the end of this video. But that being
said, guys, let's hop right into the
charts. I know you guys are excited. I'm
excited. We're all excited. Let's do
this. And let's start with the S&P.
So, what is a dogee, right? What is a
dogee? Well, first I'm going to go ahead
and draw a dogee candle, then we'll talk
about what it means. So, essentially,
if price opens here,
I'll just finish drawing this first.
So, this is an example of a dogee
candle, right? Example of a dogee candle
where price closes near
but nearby where the uh price opens,
right? And dogee is actually a Japanese
word. Uh a Japanese word that means the
same. So what does that mean? That just
means that it's opening and closing
around the same level. Now there are a
couple rules for Dogeis to note, okay,
before I tell you what they mean. For
doi to be valid
the body
the body
let's making sure to make this
capitalized
has to be less than 5% the width
of the entire candle. Okay. So what does
that mean? That means for example,
right, this could not be a dogee because
it's this is more than 5% of the entire
candle top to bottom. But if you look at
this chart of the S SNP SPY,
do you see a dogee?
Can you spot one?
Well, let's zoom in and take a look at
this dogee right here from June 26th of
this year.
So, a dogee means same, right? Dogee
means same thing. What that means for us
in a trade, especially on a trade moving
with momentum here, S&P coming down,
coming down, coming down. It means
[snorts] that the buyers and sellers,
right? Like when you see a red candle
opens here, it sells, the sellers win,
sellers take over, right? Open here,
close here, sellers win. Same thing
here, same thing here. But when you see
a dogee,
it signals
that the same that they're the same. the
buyers and the sellers are both kind of
have reached an equilibrium,
right?
Um, and that could mean a reversal. It's
especially useful when you're taking a
look at
momentum plays,
right? We'll go a little little further
in this and take a look at another
potential dogee. Let me go ahead and
copy this and let's go take a look at
TSM.
Do you see
Adosia here on TSM?
Remember what I told you? Remember these
rules. Remember what you're looking for.
Do you see a potential dogee candle?
The dogey candle is located right here.
And again, what does that mean? Price
push up. Price push up. Push up. Price
is tired. The buyers in this case are
getting exhausted and are matched by the
sellers. And what happened afterwards? A
reversal here. A fall of 10%. Let's go
to the S&P. Back to this one. A push up
on the S&P about 3 and a.5%. Which isn't
a large percentage, but on the S&P it's
a lot, right? Pushing up there. TSM
pushing up on coming down rather on this
dogee down here and one more ADA
which happened just this week. So taking
a look at this. Can you see a dogee?
Right? And not all dogeis are created
equal, guys.
Not all are created equal.
Let me go here.
The dogee that I want to talk about is
this one here yesterday.
Right? Look at this beautiful dogee
candle down here. And the reason I love
this so much is sellers win, sellers
win, sellers win, sellers win, sellers
win, sellers win, sellers win. Potential
dogee, sellers keep winning. And then
look at this
reversal here. Buyers won barely. Dogee
reversal. And look at this explosive
move up. Potential break and shift,
guys. Shift of that uh momentum there in
ADA or Cardono.
Right? And I'm going to show you
something that I use on Trading View to
find potential dogeis.
Right? I haven't done this yet, but if
you go here to indicators,
type in DOJI
in your uh trading view, and there's
tons and tons of different, you know,
indicators that you can use. Turn that
on
and take a look at that. It highlights
that dogee right here. It even defines
it. It tells you the dogee is when the
open and close of security are
essentially equal to each other. The
length of the both the upper and lower
shadows may vary. Um, dogee candles show
the play out of the buyer seller
indecision in a tugof-war of sorts. As
price moves either above or below the
opening level of the session, the close
is at or near the opening level. So,
perfect. Look at that dogee right there.
TSM. Let's turn on the dogee
indicator
and boom. You see a dogee right there.
Same thing.
Buyers got tired, matched up, and boom,
seller. But guys,
not all dogeis work out, right? There's
a lot of times dogeis don't work out.
Which is why the most important part of
this entire trading playbook series is
that guys, make sure you have more than
one indicator, one more than one factor
when you're entering a potential trade.
So, let's hop back into the charts and
let me show you an example.
Let's take a look here on let's pick a
random stock I haven't even looked at.
Let's look at Dualingo.
On the chart of Dualingo here, we had
where a dogee right here and potentially
right here. Now, did it signal a
reversal? Well, you had the downtrend
and then started pushing up in an
uptrend trend. In this case, yes. Right.
In this case, yes. But just looking a
couple of months ago back in March, you
had a dogey there with price potentially
moving lower saying, well, maybe we're
due for a move up. Nope. Price continued
lower. That's why it's so important,
guys, to combine multiple factors
whenever you're looking to trade. And in
this case, do another tool added to
your arsenal when you're looking to
trade.
All right. Well, I think I've gone on
long enough about dogeis. um they're
really exciting to me just because of
what it means to buyers and sellers kind
of fighting that kind of indecision and
staying right there and what it means
for a potential reversal. In tomorrow's
video, I'm going to give you three
actionable trade setups using dogeis
potentially for a reversal. With that
being said, guys, thank you guys so much
for watching. My name again is Lenho
here with Verified Investing. Go ahead
and like, comment, subscribe. Let me
know what you want me to cover next. And
don't forget, Million-Dollar Investor
with Gareth and I is out for sale now on
the verified investing website. All
right, guys. I hope to see you all
there. And I'll see you tomorrow. Bye,
guys.
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