skid-z Posted January 11, 2009 Report Share Posted January 11, 2009 I'd like to start a thread dedicated to info/ebooks/videos that are related to price action & naked trading ONLY. In my own trading history, which started 2-1/2 yrs ago, I have come full circle from trading just the basics (trendlines, chart patterns, S&R, price) to using systems with one or more leading/lagging indicators, and now back to the basics using only S&R and candles/bars. I truly believe that this is the key to being a successful forex trading (along with discipline and good MM). Please post your favorite price-action/naked trading style here as well as comments about how your style of trading works for you. Please keep this thread CLEAN by not posting any responses that may be solved by using search function & PM. For starts, I am using Trading in the Buff strategy along with pin bars & Inside & Outside bars (James16 has good info on this). Very simple & easy to follow setups that give you plenty of time to calculate your risk/reward/entry/stops well in advance. http://indo-investasi.com/viewtopic.php?f=10&t=1263 Cheers! :peace: Quote Link to comment Share on other sites More sharing options...
William1713006271 Posted January 11, 2009 Report Share Posted January 11, 2009 Re: Price Action, Naked trading only In my opinion, "Trade Chart Patterns Like The Pros by Suri Duddella" is also great. I think the combination of these 3 ebooks is great. If you pay attention, - a late pin bar could form a pipe pattern, parabolic arc, or V-top. - a failed pin bar could form a john's 123 pattern - a failed john's 123 pattern could form a pipe pattern, vic's 123, or vic's 2B So, we could get any pattern, failed or success, to use for trading from that simple pin-like-bar. Well, that's my opinion. Never heard or use any of them though, just known them from this forum. The only naked pattern that i've used are head shoulder, double or triple bottom or top, and channels. There's also a book about Gann that's been recently shared. Might be quite interesting. Hope someone could give a mirror for that one. Regards, Quote Link to comment Share on other sites More sharing options...
pasavento Posted January 12, 2009 Report Share Posted January 12, 2009 Re: Price Action, Naked trading only I love naked trading..!! Just to add some info, if you guys really wants to master this method, get the basics by reading these two books first: 1. The Candlestick Course -SteveNison 2. Japanese Candlestick Charting Techniques -SteveNison I'm currently using John's 1-2-3 pattern, nickB method, rolereversal method and James16 pin bar.. :lol: Quote Link to comment Share on other sites More sharing options...
stic Posted July 13, 2009 Report Share Posted July 13, 2009 Re: Price Action, Naked trading only I think that you cannot trade without channel, it is too important to me :) Quote Link to comment Share on other sites More sharing options...
ezclick Posted July 14, 2009 Report Share Posted July 14, 2009 Re: Price Action, Naked trading only This is what i want to achieve...naked trading..hehee..Less indicator no confusing Quote Link to comment Share on other sites More sharing options...
sal2000 Posted July 14, 2009 Report Share Posted July 14, 2009 Re: Price Action, Naked trading only I agree nothing can substitute price action try synery method that uses price action and traders dynamic Quote Link to comment Share on other sites More sharing options...
gpcode Posted July 14, 2009 Report Share Posted July 14, 2009 Re: Price Action, Naked trading only Classis point and figure charting offers pure price action without the distraction of time, successfully used for over a century- here are some sources: Jeremy Du Plessis- The definitive Guide to Point and Figure Thomas J. Dorsey- Point & Figure charting: The essential Application for Forecasting and Tracking Market Prices Heinrich Weber, Kermit Zieg- Complete Guide to Point and Figure Charting Quote Link to comment Share on other sites More sharing options...
sabtron Posted July 27, 2009 Report Share Posted July 27, 2009 Re: Price Action, Naked trading only Coming from trading naked I almost see every thing naked nowadays =)) Basically I follow a simple principle using D1 find the overall Trend.... wait for a reversal as the trend starts to continue wait for the break of the second bar after the last one on the reversal or enter using the classical 1,2,3 setup..... Trading naked is fun because u only need to check the chart once and know what is happening. Cheers Quote Link to comment Share on other sites More sharing options...
Ajata Posted July 30, 2009 Report Share Posted July 30, 2009 Re: Price Action, Naked trading only I love naked trading..!! Just to add some info, if you guys really wants to master this method, get the basics by reading these two books first: 1. The Candlestick Course -SteveNison 2. Japanese Candlestick Charting Techniques -SteveNison I'm currently using John's 1-2-3 pattern, nickB method, rolereversal method and James16 pin bar.. :lol: What about using trendlines and support/resistance lines, is it still considered naked? Quote Link to comment Share on other sites More sharing options...
quicksilver03 Posted July 30, 2009 Report Share Posted July 30, 2009 Re: Price Action, Naked trading only What about using trendlines and support/resistance lines, is it still considered naked? As far as I know, anything you draw manually on a chart still falls under the "naked" definition. On the other hand, anything that's the result of a mathematical calculation (i.e. indicators) definitely doesn't. Quote Link to comment Share on other sites More sharing options...
pasavento Posted July 30, 2009 Report Share Posted July 30, 2009 Re: Price Action, Naked trading only What about using trendlines and support/resistance lines, is it still considered naked? yup...some says support n resistence are the 'king' of naked trading...if u notice in many naked trading method, snr are the major thing in the methods master the support and resistence, the market will be your friend... Quote Link to comment Share on other sites More sharing options...
willtrader Posted August 1, 2009 Report Share Posted August 1, 2009 Re: Price Action, Naked trading only I trade pure PA also, with the addition of 34,150,365SMA /S&R/ Trendlines/ Patterns/ Fibs /Pivots and patterns. I recommend: -James16, as mentioned by thread starter. There's a long thread on FF but really this is very basic price action with fib/sr confluence. That said, price action is SIMPLE and thus basic price action is all that is needed for being profitable. -Al Brooks on price action. quintessential reading for the PA trader, infact I believe the best teacher of his kind. (his new book is poorly edited, and a very tough to read but the best resource for PA i've ever seen). I read many books online, this is the only one in the last few years i've thought worthy of buying. -Tom Demark, although you'll see his material rehashed on other forums under different names. TD lines including calculating profits and breakout qualifiers are essential reading. Tom demark on option is recommended, published 1999 if I remember correctly. There are however futures magazine articles on the relavent sections which are free. -Best beginner resource is babypips.com -Hector trader for pattern trading. His videos can be long winded however I believe the core of what he teaches is good. I like his use of moving averages. I don't make as much use of them as he does with his rules but if i use smaller time frames or trade pullbacks I find them very useful. Really though, I think he has nice explanations of patterns. Sure it's free elsewhere, and he's a bit long winded but i think his explanations are really very good. It should be noted I don't use a single strategy and my trading cannot be confined to swing/trend/scalper etc. I enter long term positions on very small time frames to ensure protection of capital. In choppy markets where entry on longer time frames is not possible I enter 5-15min charts and use SMA's to ensure correct trend direction and either buy pullbacks or sole price action H1/H2 etc (as Al brooks explains). Or thirdly I just scalp the market with pure price action on tiny time frames where moving averages are useless and I trade pretty much solely with trend lines/patterns and PA. EDIT - actually my SMA varies according to TF. anything above 1 hour has MA mentioned. 5mins has 50SMA and 21/10EMA Quote Link to comment Share on other sites More sharing options...
pvyas Posted August 6, 2009 Report Share Posted August 6, 2009 Re: Price Action, Naked trading only I would suggest you utilise a big time frame (daily, weekly) to initially see price action. This will allow you train your eyes to see the obvious, prior scaling down the time frame. :) Quote Link to comment Share on other sites More sharing options...
iCan Posted August 6, 2009 Report Share Posted August 6, 2009 Re: Price Action, Naked trading only it's better discuss how to trade Price action than bla bla bla chat, i has delete the bla bla bla ( like i agree, etc, etc and unnecessary post ) i hope next reply will discuss this topic more detailed ^:)^ nevergiveup 1 Quote Link to comment Share on other sites More sharing options...
sebastian1713006095 Posted August 6, 2009 Report Share Posted August 6, 2009 Re: Price Action, Naked trading only Here are some ebooks about price action: Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader by Al Brooks http://rapidshare.com/files/257282131/Reading_Price_Bar_www.update-books.com.rar Price Action Chronicles 1 and 2 by Bryce Gilmore http://rapidshare.com/files/219290772/Chronicles_Vol_1__2007_.pdf http://rapidshare.com/files/219297626/V2_Chronicles_APR_2008.pdf Please share more, this is a great topic and there's no much good info about it out there. Stonecold69 and delfin20 2 Quote Link to comment Share on other sites More sharing options...
Trader99 Posted August 8, 2009 Report Share Posted August 8, 2009 Re: Price Action, Naked trading only Trading naked is about recognizing and reacting to certain patterns in the market. One of the best sources that I have read on chart patterns is "Trading Chart Patterns Like the Pro's" by Suri Duddella. This book displays numerous types of chart patterns and explains each of them in about a page or two usually with entry, exit and stoploss points (now thats what I call a great reference text :-bd ). So if anyone is looking to learn how to trade price, I suggest that you just pick one pattern or two and focus on recognizing and trading them. If anyone is interested in the book, I believe it was already posted in the ebook section. Take a quick scan or do a search. Quote Link to comment Share on other sites More sharing options...
ibdafx Posted August 8, 2009 Report Share Posted August 8, 2009 Re: Price Action, Naked trading only hi friends try this indicator, TL_by_Demark it is good auto TL, i hope it can help. Quote Link to comment Share on other sites More sharing options...
rex_fo Posted August 11, 2009 Report Share Posted August 11, 2009 Re: Price Action, Naked trading only I had try TL_by_Demark_v6.mq4 ,but always give late signal .... Quote Link to comment Share on other sites More sharing options...
fdd2k2 Posted August 12, 2009 Report Share Posted August 12, 2009 Re: Price Action, Naked trading only most of the naked trading methods are simple, but too simple to be useful. Quote Link to comment Share on other sites More sharing options...
pilotlife Posted August 12, 2009 Report Share Posted August 12, 2009 Re: Price Action, Naked trading only Maybe a semi mix is good. Too many indicators is messing it up, too few (or none) might feel very naked...??? Quote Link to comment Share on other sites More sharing options...
sedoley Posted August 12, 2009 Report Share Posted August 12, 2009 Re: Price Action, Naked trading only just a few indicators like MACD will be enough for clear view of the market, getting many complicated indicators will not guaranty success on the long run. I stick with naked trading. Quote Link to comment Share on other sites More sharing options...
qwert321 Posted August 12, 2009 Report Share Posted August 12, 2009 Re: Price Action, Naked trading only as long as one is comfortable with what one has, it doesnt matter if it is naked or not. Quote Link to comment Share on other sites More sharing options...
sebastian1713006095 Posted August 12, 2009 Report Share Posted August 12, 2009 Re: Price Action, Naked trading only as long as one is comfortable with what one has, it doesnt matter if it is naked or not. It does matter in this thread, read the title :) Quote Link to comment Share on other sites More sharing options...
saronian Posted August 13, 2009 Report Share Posted August 13, 2009 Re: Price Action, Naked trading only Yes back to the naked trading since it is simple and can be used to any trading platform. Open your H4 or D1 Charts, draw S & R manually, wait while watching the most reliable candle stick pattern near S & R line then set your entry point, TP and SL. Quote Link to comment Share on other sites More sharing options...
rock Posted August 13, 2009 Report Share Posted August 13, 2009 Re: Price Action, Naked trading only Hi guys, I am new here ,would like to join this naked club not even in g string! :-? Quote Link to comment Share on other sites More sharing options...
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