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Thread: Naked trading and price action

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    Junior Member Umar403 is an unknown quantity at this point Umar403's Avatar
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    Naked trading and price action

    You must try it at least once. As stated before, most indicators are calculated based on price. Yet, still many traders can’t read a single thing from a chart. It is all because they relay so heavy on indicators and do not put enough attention to price itself.
    Goal here is to remove all indicators, all moving averages and other indicator from chart. You want chart to be naked. This way you can see clearly price action and make decisions based on price itself.
    I have read about trader who uses indicators and other tools. Every few weeks he turns them off and trade only based on price action.
    Why is that important? Thanks to naked trading you will learn much faster about price action. There are moments when it is crucial. You will get first signals from price and then, later, from indicators. Therefore, it is important to know how to spot signals which price gives you.

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    Senior Member sumerach is a splendid one to behold sumerach is a splendid one to behold sumerach is a splendid one to behold sumerach is a splendid one to behold sumerach is a splendid one to behold sumerach is a splendid one to behold sumerach is a splendid one to behold sumerach is a splendid one to behold sumerach's Avatar
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    They relay so heavy on indicators and do not put enough attention to price itself.
    Goal here is to remove all indicators, all moving averages and other indicator from chart. You want chart to be naked. This way you can see clearly price action and make decisions based on price itself.
    I have read about trader who uses indicators and other tools. Every few weeks he turns them off and trade only based on price action.
    Why is that important? Thanks to naked trading you will learn much faster about price action. There are moments when it is crucial. You will get first signals from price and then, later, from indicators. Therefore, it is important to know how to spot signals which price gives you.

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