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Journal · 13 May 2026

A doji at 08:00 is not the doji at 16:30

The same small real body means different things at the London cash open and into the cash close. Clock time belongs in the description, not in a footnote.

Hand writing in a lined notebook with a fountain pen

A doji is a candle whose open and close sit close together. That sentence is true at any hour. It is also the least useful sentence you can write on a session sheet. The rest of the description has to include where the clock was, where the session had already been, and whether anyone still needed to be in the market.

Take a 15-minute doji printing as the 08:00 London cash bar on sterling. Overnight the range may already be in place. The doji can simply mean that the cash open has not yet decided whether to accept that leftover range. Calling it 'indecision' as if a committee had paused is theatre. It is more honest to write: open and close near each other at the cash open, after a night range, waiting for the next close.

Now take a doji as the last 15-minute bar into the London cash close. Positions that had to be out by the cash close are already out, or they are late. A small real body there often sits on top of a day that has already told its story. If the session spent six hours in a range and the last bar is a doji in the middle of that range, you do not have a new tale. You have a close that failed to leave.

In the Cross Inn room we force the extra clause. Nobody is allowed to say 'doji' without adding the time and one fact about the session so far. 'Doji at 08:00, opening inside last night's range' is a complete note. 'Doji at 16:15, after a trend day that never looked back' is another. They share a shape and almost nothing else.

If you journal, try a week where you forbid the word indecision. Write the clock, the size of the body against the morning's average bar, and whether the high or low of the session was made before that doji. The pattern name can come last, if it still feels necessary.

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