Price Action, Naked trading only

[sam_konna]

Re: Price Action, Naked trading only

 

@sam_konna,

 

thanks for reply! yes, i mean the 3 number for extracting. where did it comes from and why use '3' instead of other number?

 

I see, there is a million dollar question, same like Psavento gave EUR has a magic number 35; so i'm sorry i cannot revealed for this one, please i'm appologize for this one's.

 

for the fibo... did you draw it manually using MT4 fibo tools or using indicator? cause i saw you have label like "strong support" in your fib's line.

 

Yes, i draw Manually with Fibo Retrachement in Metatrader.4 & i'm allready share how we draw it by Manual from my last reply to you.

 

may i get explanation (with picture) on what you did for yesterday trade? you did this in real trade right? :)

 

A whole day Yesterday i don't place any trade; I don't want take a gambling because Yesterday Market waiting a Big Anouncement called FOMC Meeting ... ;) (Its my culture if NFP & FOMC, i don't take place any trade.)

 

But this day im allready open 3 trades with 2 contract each they move +20 pips i close 1/2 & the rest i move SL to Breakevent. At now on a 2nd trade im on a free trade because i've allready bank +20 pips, & the rest SL iI put at BE. When i wrote this post, Now + 24 pips. But if Price close bellow the Purple line, i will close immideately the rest of My half position.

 

http://img513.imageshack.us/img513/7050/49311443.png

 

 

This Day i trade with naked trading but by using "Customized Individual Naked Cluster Trading" Methode, because i late wake up after i watch Sarah Conor's chronicles lastnight, so i don't have a time to draw or count anything, just go, go, go, ... & Rock n' Roll ... =D>

 

 

Sincerly;

 

 

:-bd

[dr0o69]

Re: Price Action, Naked trading only

 

thank you indo-investasi... now i become a better trader...

Edited August 7, 2010 by dr0o69

[sam_konna]

Re: Price Action, Naked trading only

 

@sam_konna,

thanks for the explanation pal! well...the word "Customized Individual Naked Cluster Trading" tickled me a lil bit. makes me want to know more what is inside this customized thing? ;))

 

u'r welcome bud, "Cluster' is another & the new one of my Naked Trading system, for this one i cannot revealed for now.

 

by the way, i assume you already trade with this quite long time ago. and if i may ask you again (sorry for bombarding with questions)

 

Its OK No Problem :D

 

Your style of asking me has remind me to someone (Tokoroshini, Tifu Khan, Mentos, etc)

 

1. what is the advantages and disadcantages trading with this naked style?

 

Which one did yo mean, the Pivot system or "Customized Individual Naked Cluster Trading" ?

 

2. what kind of money management you applied for position sizing? how do you applied it?

 

Simple : just only risk 2% to 3% for both of those 2 contracts. Never Leverage more then 1:10 (Maks) Ussually i used 1:5 (each contract)

 

3. how did this method has impact on your psychology in general? what i meant is do you open trade like cool-blooded murderer... like "ok i see this, i also see that. ok so here's what i'm going to do. i will place stop order here, stop loss here, take profit here. and if condition 'X' appear i can re-entry here..."

 

Yes exactly like that, just only follow the RULES, Trade like a machine. Be a Mechanical. Do not 1 or several loss disheartened your phsycology, & don't stop trading, that is the thing has separated the Pro's & Novice.

 

and last thing... for that magic number '3', you do not have to apologize. i fully understand about it. ;)

 

:)

[dr0o69]

Re: Price Action, Naked trading only

 

thank you indo-investasi... now i become a better trader...

Edited August 7, 2010 by dr0o69

[sam_konna]

Re: Price Action, Naked trading only

 

interesting...interesting... =D>

 

i like the way you explain too... ;)

 

u r welcome buddy, its my pleassure to help other people.

 

what i meant is the pivot system pal... what is advantages & disadvantages using this pivot system...

 

ADVANTAGE :

 

We can trade event Market is ranging or Trending.

 

DISADVANTAGE :

 

Small profit (range from Support to Pivot & Resistance to Pivot), its more to be a scalp trading. Sometimes when price break the Support/Resistance (Break Trade) EUR/USD only reach Target TP.1.

 

Need expirience to read the Candle Pattern Reversal & Break.

 

i think after study this week, i'll give it a shot next week in real trade. so can i know when do you trade so maybe you can give some assist to this new friend and trade together? ;)

 

For me its no problem, BUT iMho: it is not wise if you trade in a real trade, allways use DEMO Account for new trading system we discover, because for someone those trading system works, but not work for some other people (this is have a relationship with phsycology & personality every trader, as we know every trader has unique personality).

 

One more thing, this is my last post with this ID because i've reach my limit for posting. Please appologize me, i cannot accompannion you next week.

 

Here this day Trade base the Pivot = Open 1.4666, Support = 1.4617, Resistance = 1.4715 based Oanda FX=Trade Platform

 

http://img27.imageshack.us/img27/6360/oeu.png

 

Thats my Trade for this day, BUT i combine with my Cluster Trade so i enter late, but above of all, please you look the Support, when price hit those Support Line @1.4617 (Orange Line not the red ones, its my Stop Loss at [email protected]) Market goes to the North/Up very quickly (they want take hit the Opening Price the dash Line @1.4666) until now.

 

The Beautifull of the "cluster System is i knew exactly if Market suddenly reverse, at now if the price close bellow the pink Horizontal line, next bar i will close Immidiately. BUT Until know after i closed Half at + 20 pips know im floating PROFIT = + 44 pips.

 

http://img28.imageshack.us/img28/5250/profit.png

 

So the advantage i combine this 2 powerfull strategies is i know where the market heading & i know exactly where the exit point or market will be reversal.

 

At know I'm allready move Pink Line @1.4681; if they closed bellow this pink line I'll closed my position immidieatly:

 

http://img33.imageshack.us/img33/5250/profit.png

 

Now Price Closed bellow 1.4681 the new Bar open i'm allread closed & bank only + 22 pips;

 

http://img44.imageshack.us/img44/5086/38352420.png

 

20 pips (1st Contract) + 22 pips (2nd Contract) = + 42 pips not bad ... =D>

 

I thing its enough for example trade for this day.

 

This is the pictures until night :

 

http://img21.imageshack.us/img21/8094/80776053.png

 

How Strong those line act as a Support/Resistance, & the Opening Day act as a PIVOT.

 

With Ross Envlope : (red Circle = how strong those support & resistance, cyan = whew the Buy or Sell Trigger by 0.146)

 

http://img411.imageshack.us/img411/2496/eure.gif

 

 

Btw Bussway, nice to meet you Pal, happy trading & Enjoy ... :-bd (its mean MUANGTAFS BABY ... :)) ).

 

 

Bye Bye =D>

 

:-bd

 

MUANTUAPS

[dr0o69]

Re: Price Action, Naked trading only

 

thank you indo-investasi... now i become a better trader...

Edited August 7, 2010 by dr0o69

[EmoPrimeGold]

Re: Price Action, Naked trading only

 

I thought intersting and will following waiting new info.

[tmaccorm]

Re: Price Action, Naked trading only

 

Not sure if there are other posts regarding Phil Newton, but this seems to fit with the naked trading/price action thread. The link indicates that it's all about trading breakouts but in fact it's all about support/resistance and simple price action (higher highs, higher lows, etc.) This is really very good and merits watching more than once. Here's the link:

 

h**p://transcripts.fxstreet.com/2009/07/trading-break-outs-and-other-market-views.html

[bobtom55]

Re: Price Action, Naked trading only

 

Mirror

Trade What You See: How to Profit From Pattern recognition

http://uploadmirrors.com/download/0JNZQHVS/Trade_What_You_See_www.dl4all.com.pdf

 

Thanks

[trader.john]

Re: Price Action, Naked trading only

 

I would recommend the BRV's NoBrainer Trades for naked trading. It is a very good reference point for support and resistance trading.

 

Download link: http://rapidshare.com/files/304746149/BRV_SR_Trading.pdf.html

 

 

best regards,

[munalkarki]

Re: Price Action, Naked trading only

 

Dear Sam

 

Do you like to share those indicator of FIBO, or is it manually drawn in chart.

Regards

Munal

 

 

Another Strategies Twist (Tweak) :

 

After we did the Step 2 & 3, we can made a Ross Envlope base those Support & Resistance; see the example :

 

http://img513.imageshack.us/img513/431/45407561.gif

 

For the refference book is TRADING BY THE BOOK by Joe Ross :

 

http://mihd.net/fliv1h

 

DJVU Reader :

 

http://windjview.sourceforge.net/

 

 

Regards;

 

 

:-bd

[Kuekhatsu]

Re: Price Action, Naked trading only

 

The Fibs is by Manualy Bro ... Just setting by Manual =D>

[munalkarki]

Re: Price Action, Naked trading only

 

Thanks Bro for the info, cheers

 

 

The Fibs is by Manualy Bro ... Just setting by Manual =D>

[⭐ forenxe]

Re: Price Action, Naked trading only

 

Hi Trader john, could you put another link to download the System,please?

[learningfx]

Re: Price Action, Naked trading only

 

Hi saronian

 

I 'm keen with PA, will you share with us on

how you learn PA, any site or manual to start

on. I currently looking at James16 site in FF.

 

Thank you.

[William1713006271]

Re: Price Action, Naked trading only

 

Here is Sam Konna's fibo indicator. The open / pivot / target price is not drawn as the buffers are limited to 8. You could use other indi to view the open price or just mentally remember them. It also draws historically.

 

Sam, if you would be kind enough, please check it whether it's working properly or not. I mean whether the numbers are correct or have errors.

 

Regards,

 

//+------------------------------------------------------------------+
//| Sam Konna Price Action                                           |
//| Programmed by William for Indo-Investasi.com                     |
//+------------------------------------------------------------------+

#property indicator_chart_window
#property indicator_buffers 8
#property indicator_color1 Blue
#property indicator_color2 Red
#property indicator_color3 Red
#property indicator_color4 Blue
#property indicator_color5 Green
#property indicator_color6 Green
#property indicator_color7 Green
#property indicator_color8 Green
//---- buffers
double P1Buffer[];
double P2Buffer[];
double P3Buffer[];
double P4Buffer[];
double P5Buffer[];
double P6Buffer[];
double P7Buffer[];
double P8Buffer[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init(){
  SetIndexBuffer(0, P1Buffer);
  SetIndexBuffer(1, P2Buffer);
  SetIndexBuffer(2, P3Buffer);
  SetIndexBuffer(3, P4Buffer);
  SetIndexBuffer(4, P5Buffer);
  SetIndexBuffer(5, P6Buffer);
  SetIndexBuffer(6, P7Buffer);
  SetIndexBuffer(7, P8Buffer);
  //----
  SetIndexStyle(0, DRAW_LINE, STYLE_SOLID, 3);
  SetIndexStyle(1, DRAW_LINE, STYLE_SOLID, 3);
  SetIndexStyle(2, DRAW_LINE, STYLE_SOLID, 1);
  SetIndexStyle(3, DRAW_LINE, STYLE_SOLID, 1);
  SetIndexStyle(4, DRAW_LINE, STYLE_SOLID, 1);
  SetIndexStyle(5, DRAW_LINE, STYLE_SOLID, 1);
  SetIndexStyle(6, DRAW_LINE, STYLE_SOLID, 1);
  SetIndexStyle(7, DRAW_LINE, STYLE_SOLID, 1);
  //----
  SetIndexLabel(0,"Resistance");
  SetIndexLabel(1,"Support");
  SetIndexLabel(2,"Sell");
  SetIndexLabel(3,"Buy");
  SetIndexLabel(4,"Strong Resistance");
  SetIndexLabel(5,"Break Buy");
  SetIndexLabel(6,"Strong Support");
  SetIndexLabel(7,"Break Sell");
  //----
  return(0);
 }
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit(){
  ObjectDelete("SK_R");
  ObjectDelete("SK_S");
  ObjectDelete("SK_Sell");
  ObjectDelete("SK_Buy");
  ObjectDelete("SK_SR");
  ObjectDelete("SK_BBuy");
  ObjectDelete("SK_SS");
  ObjectDelete("SK_BSell");
  return(0);
 }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start(){
  int i,counted_bars = IndicatorCounted();
  double mn,r,s,o,dayi,sell,buy,SR,BBuy,SS,BSell;
  //---- check for possible errors
  if(counted_bars < 0) return(-1);
  if(counted_bars > 0) counted_bars--;  
  int limit = Bars - counted_bars;
  //----
  for(i = limit - 1; i >= 0; i--){
      dayi = iBarShift(Symbol(), PERIOD_D1, Time[i], false);
      o = iOpen(NULL,PERIOD_D1,dayi);
      mn=MathFloor(o/3*100)*Point;
      if (Digits==5)mn=mn*10;
             
      r=o+mn;
      s=o-mn;
      sell=r-((r-s)*0.146);
      buy=r-((r-s)*0.854);
      SR=(r-s)*0.146+r;
      BBuy=(r-s)*0.236+r;
      SS=s-((r-s)*0.146);
      BSell=s-((r-s)*0.236);
      
      //----
      P1Buffer[i] = r;    SetPrice("SK_R", Time[i], r, Green);
      P2Buffer[i] = s;    SetPrice("SK_S", Time[i], s, Green);
      P3Buffer[i] = sell;   SetPrice("SK_Sell", Time[i], sell, Red);
      P4Buffer[i] = buy;    SetPrice("SK_Buy", Time[i], buy, Blue);
      P5Buffer[i] = SR;   SetPrice("SK_SR", Time[i], SR, Green);
      P6Buffer[i] = BBuy;   SetPrice("SK_BB", Time[i], BBuy, Green);
      P7Buffer[i] = SS;   SetPrice("SK_SS", Time[i], SS, Green);
      P8Buffer[i] = BSell;   SetPrice("SK_BS", Time[i], BSell, Green);
   }
//----
  return(0);
 }
//+------------------------------------------------------------------+
//|                                                                  |
//+------------------------------------------------------------------+
void SetPrice(string name, datetime Tm, double Prc, color clr)
 {
  if(ObjectFind(name) == -1)
    {
      ObjectCreate(name, OBJ_ARROW, 0, Tm, Prc);
      ObjectSet(name, OBJPROP_COLOR, clr);
      ObjectSet(name, OBJPROP_WIDTH, 1);
      ObjectSet(name, OBJPROP_ARROWCODE, SYMBOL_RIGHTPRICE);
    }
  else
    {
      ObjectSet(name, OBJPROP_TIME1, Tm);
      ObjectSet(name, OBJPROP_PRICE1, Prc);
      ObjectSet(name, OBJPROP_COLOR, clr);
      ObjectSet(name, OBJPROP_WIDTH, 1);
      ObjectSet(name, OBJPROP_ARROWCODE, SYMBOL_RIGHTPRICE);
    } 
 }
//+------------------------------------------------------------------+

[m4m3]

weeew..wong indonesia asli toohh...wekekeke...ente punya teknik ajiibb pisan broo,,kamsia ye...

indonesia pancen oyeee....

[Ninja1713006308]

All I have to say is that forex is the best job in the world. You get

up when you want, you work as long or as little as you want, you take

breaks when you want, go on vacations when you want, no fixed work

hours, no bosses, no deadlines, how you make it for yourself is how it

will be. Basically in this job, it all only depends on you, and how

willing you are to get to know yourself better, and change the things

about yourself to become a better person, just like for this job and

the state of mind you need for it, as well as your life in general.

That's the most difficult part, the willingness to become better

people and change their bad habits, or views, beliefs, whatever it is,

and that is the only reason why 95% of traders fail. Not because the

markets are evil and forex is a fraud, because that is not true at

all. The markets give you a chance, but it doesn't do the work for you,

and you have to recognize this chance that is constantly present. I

have been trading forex now for 2 years, and before I got into I have

never heard of it or knew that anything apart from stocks exists, more

less...

Today it is the only job that I do, and I work only for myself, and on

average I make 2% daily of my overall capital. That's 10% a week, or

40% on average monthly... You do the math. I have a skype room with a

number of traders, where I make live calls in real market conditions,

every day or whenever I trade. I have nothing to hide, and no reason

not to share, because I am sure of my edge and my discipline, and if

it helps someone else make some money, then why not... Mostly

scalping, and some intraday, 5-20 trades a day, depends on the market,

and my strike rate is 85-90% due to the strategy and money management I use.

If you are interested in joining free our skype room to see live

action trading and get a glimpse of what I'm talking about feel free

to send me an email with your skype name and I will gladly add you to

the group, do include in the email your knowledge of forex so I know

where you stand. [email protected]. Take a look if you are

interested and learn how to trade professionally on your own and

become successful with your own money without having to give it to

anybody else to work with. Come and check out our live calls, only in

current and real market conditions (no backtesting or

stupid things like that) and see for yourself, how we make pips, and

for us it is not a problem to call out live trades because we are sure

of our strategy and our entry and exit plans and rules for trades. If

you would like to learn how to become successful on your own, then

send me an email because you have nothing to lose, but a lot to see...

Ninja

[Ajata]

I would recommend the BRV's NoBrainer Trades for naked trading. It is a very good reference point for support and resistance trading.

 

Download link: http://rapidshare.com/files/304746149/BRV_SR_Trading.pdf.html

 

 

best regards,

 

Could someone reupload please?

[Guest Kc8flq]

most of the naked trading methods are simple, but too simple to be useful.

 

Thats the whole point..... Keep It Simple Stupid...K.I.S.S. and a major reason most people lose in the markets...they over complicate things.

[maddman]

Ninja, I enjoyed your article. Your about the first person in two years of Forex trading that makes any sense... I'd like to join your group. I sent you an email. THANKS!!!!

[johnjet]

LOL trading naked sounds like you are trading in the nude in front of your PC.

 

jokes aside, I am trying to trade with Gann's Swing at the moment. Seems ok but paper trading through 10 years ain't easy. :P

[ourincome]

Good Thread.

 

I find this ebook is good for naked trading.

http://www.mirrorcreator.com/files/1P5JWH7D/The_Long_Candle_course2.rar_links

[soundfx]

maddman,

 

From what I've found don't expect Ninja's trading room to be free indefinitely ;)

 

He's made similar posts in various forums going back to last year where I noticed that access to trade calls was offered free for June only.

 

Seems as though they trade mainly using some sort of Fibonacci indicator, so it'll be interesting to hear more about that and whatever else is going on in this mysterious skype room.

 

[edit] I've just noticed how old your post was lol !

 

What happened in the skype room - was it any good ?

[ourincome]

Hey,

 

These books are also good and useful!

 

1_2_3 chart pattern
http://www.multiupload.com/O5Y6YGJZ6Z


123 Bollinger Band Method
http://www.multiupload.com/F3LO1A9YSR

10 TOP CHART PATTERNS
http://www.tradertech.com/creatives1/Landing/eBook_Top10Charts/Book_10_Top_Chart_Patterns.pdf

Edited April 18, 2011 by secretforexfactory