How To Trade With a Naked Chart -
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thread: How To Trade With a Naked Chart

  1. #21
    Member Ranti's Avatar
    42
    95051Candlesticks, pubs, lineup, renko, range pubs, tick bars....all ARE indiors and derivatives of raw prices/ticks! They all serve the same purpose- to sort and arrange the raw data and to convert into a format that is readable. There's not any such thing as pure price acton trader. Everybody is using some form of indior. Unless you are looking at raw strings of numbers such as Neo in the Matrix. . You need some reference points to understand where the price is about. It might be only a single horizontal line, or even particular price level(such as 00 round number) that you bear in mind. But we need some kind of reference point. Personally, I don't use standard charts but, I use a custom made instrument (lively fibonacci grid) that gives me multiple reference points across multiple time frames and extracts out of the charts just what I believe usable info and all unusable data is ignored.
    When you look at a chart, (for analisis) what exactly are you searching for? You're looking just for kind of advice. Does it really matter how the chart appears, the shape, the colours....NO it doest matter! Its all noise. A LOT of noise. And in that noise there is information that you must extract. That's what all indiors do (automaticaly). Indiors extract just type of information and ignore everything else. As an example, what candle or a pub does? It extracts ONLY the large, low, open and shut for particular time frame, and according to that it generates vertical line in your chart. The other info inside the pub is ignored.

  2. #22
    Junior Member Yorbi2017's Avatar
    5
    95025
    Candlesticks, bars, line, renko, range bars, tick bars....all ARE indiors and derivatives of raw prices/ticks! They serve the same purpose- also to convert into a readable format and arrange the raw data and to sort. There is not any such thing as price acton trader. Everyone is using some type of indior. Unless you are taking a look at raw strings of numbers line from the Matrix. . You need some reference points to understand where the price is going. It may be just a single horizontal line, or perhaps specific price level(like 00 round variety )...
    enjoy it, hail yes you are the meeeeennnnn

  3. #23
    Senior Member jotean's Avatar
    146
    95025
    Candlesticks, pubs, line, renko, range pubs, tick bars....all ARE indiors and derivatives of uncooked prices/ticks! They serve the same purpose- to form and arrange the data and to convert into a readable format. There's absolutely no such thing as price acton trader. Everybody is using some form of indior. Unless you are looking at raw strings of numbers like Neo in the Matrix. . You need some reference points to know where the price is about. It may be just a single horizontal line, or even specific price level(like 00 around amount )...
    type of agree,

    but you will find pure price action traders on the market. . Trading from nothing but the Depth of Market and or ticker tape... there is pretty much nothing on the market for you any nearer to the raw market outputs then this...

  4. #24
    Junior Member hamzaFaris's Avatar
    21
    95025
    quote love it, hail yes you're the meeeeennnnn
    ngapain oum disini. . .jauh amat mainnya. . udah malam. . pulang. . !!!

  5. #25
    Senior Member jotean's Avatar
    146
    95025
    There is no such thing as pure price acton trader. Everyone is currently using some form of indior. Unless you are taking a look at raw strings of numbers like Neo from the Matrix. . .
    follow the white rabbit


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    classic

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  6. #26
    Junior Member eljermo's Avatar
    23
    95025Here is a good method for trading nude charts:

    1. Examine the chart and choose if its going up, sideways or down.
    2. If its going up, go. Go brief, When its going down. Stay out.

  7. #27
    Member Ranti's Avatar
    42
    95025
    quote follow the bunny
    That really is old school ....
    Yes, you're right, thats as close as it gets to pure price action. However, when you take a look at the DOM reference points are still looked for by you. Like where's your high/low of this day, where's the quantity on the market profile, where would be the large bids/ offers.... Perhaps you look at the history of these footprints to receive some clues....

    By the way, with that HFT, black pools, spoofing, iceberg orders,.... The dom is getting useless. There is no edge there. Not anymore. Everyone (the entire world) is looking in exactly the same info, but the HFT firms are receiving the advice a few milliseconds quicker so they can front run the standard traders.
    And for FX specifically, ANY type of DOM is 100% useless, since FX is principal market. Controlled by just 15 major banks( they supply over 90 percent of their liquidity). So you never know what the are. Nobody understands. The banks themselves don't know the entire picture, since they compete against each other.

  8. #28
    Junior Member hamzaFaris's Avatar
    21
    95025
    quote That really is old school currently.... Yes, you are correct as close as it gets to pure price action. However, when you look at the DOM reference points are still looked for by you. Like where is the high/low of this day, where is the volume available on the market , where would be the large bids/ offers.... Perhaps you examine the history of the footprints to receive some clues.... By the way, with that HFT, dark pools, spoofing, iceberg orders,.... The dom is becoming useless. There's no edge there. Not anymore. Everyone (the entire world) is appearing at the same...
    completely 100000% agree

  9. #29
    Junior Member Yorbi2017's Avatar
    5
    95025
    quote By the way, with all that HFT, dark pools, spoofing, iceberg orders,....
    After I learn about this, change the entire picture in my mind and alter radical in my trading. Lot of person who come to this forex did not learn, read about all of this and want to jump to chart system and study only the chart and create the very dangerous data suit mindset match.

  10. #30
    Senior Member jotean's Avatar
    146
    95025
    quote That is old school currently.... Yes, you're right as close as it gets to price action. However, when you take a look at the DOM you still search for reference points. Like where is your high/low of this day, where is the volume available on the market , where would be the large bids/ offers.... Perhaps you look at the history of the footprints to get some hints.... Incidentally, with all that HFT, black pools, spoofing, iceberg orders,.... The dom is becoming useless. There's no edge there. Not anymore. Everyone (the entire world) is appearing at exactly the same...
    yea in FX its unworthy. . Unless absolutely have access to the interbank market but then again. . Like u said

    trading off the DOM on different instruments like futures etc. isnt useless, you will find games beeing played yes. . And u. . If one knows what to search for ie. Expecting the upcoming course based on the action on the DOM etc..

    Basically its just following the course of least resistance, un understand institutions cant simply put in orders / market or restrict based on patterns support or resistance levels. . etc..

    They need to observe the way the market absorbs/ reacts to orders. . ie. They probe the markets, with placing a large buy order out in the market and find out how the market reacts to it. . Does it get consumed quickly? Does it create a next? etc.. And based on the markets response, they will position themselfes. . etc..

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