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

  1. #1

    How To Trade With a Naked Chart

    I am here to discuss with how to view chart with no tools or indior.

  2. #2
    Member Pan's Avatar
    52
    I'm here to discuss with u all how to view chart with no resources or indior.
    I really don't use what I call indiors, whatsoever, but I do draw horizontal lines representing my own perception of recent aid and resistance, and I'd not want to trade without them.

    They are indiive of my perception of recent aid and resistance, though, so I guess some people could call them indiors?

    I do not understand exactly what you mean by resources, though. You'd like to describe that? The chart itself is a tool, is not it? Perhaps you're thinking of things like pivot points or Fibonacci levels, when you say tools, to distinguish those from the things people are clearly consented are indiors like MACD, RSI and so on? I do not use pivot points or Fibonacci levels, either, myself. I have never seen any non-anecdotal evidence they're any more reliable or significant than intentionally drawn lines. And all the objective, independent studies I have read that have actively looked for such a signs have failed to discover it whatsoever. (Randomly drawn lines can easily be made to seem like really reliable tools/indiors, though, so maybe that is not a fantastic surprise!)

    The items I trade (without indiors at all) are reliable bar patterns such as 1-2-3 formations, Ross Hooks, Slaughterbeck entrances, long bomb entrances, and so on.

  3. #3
    Thank you for your attention to discuss with me .

    After several years I attempt to understand how market move. I finally realize that market isn't follow with us. But u must occur after the market.
    I attempt to learn elliot wave, harmonic pattern, boilinger band, moving average, divergent, fractal, service resistance and ect.
    but it wont work. Lastly, I see what's market doing.

    Merely detect where the market want to u-turn then u follow before the end of this.

  4. #4
    Member Pan's Avatar
    52
    after many years I try to understand how market move. I finally understand that market is not follow us. But must follow the market. I attempt to find out elliot wave, harmonic pattern, boilinger band, moving average, divergent, fractal, service resistance and ect. But it wont work.
    Yes - I agree with you.

    (I do find degrees of service and resistance useful for after the market, though. I do much better without everything else you're saying didn't work for you.)

  5. #5
    Even I understand where the market need to move still I use draw a trendline to detect where is exactly and when market is change. .
    Then wait for entry. Then entry, and entry, entry again. . Till market change.

  6. #6
    Like this....

  7. #7
    it look like this. .


  8. #8
    Junior Member Carmenentenadora's Avatar
    18
    Unfortunately for you, nude chart which is a comparative concept doesn't offer much sucess than indiors.

  9. #9
    Member Pan's Avatar
    52
    Regrettably for you, naked chart that's a comparative concept doesn't offer much sucess than indiors.
    (I am imagining you intended to say doesn't provide a whole lot more achievement than indiors? And replying on that foundation...)

    I strongly suspect the evidence is against you, there, actually.

    This is one of the FX problems on which there are two quite different consensuses of opinion: one of aspiring FX traders and possibly similarly among FX traders in general, and a very different, possibly even an opposite one, among FX traders who are creating a living.

    I'm possibly biased, as perhaps we all are, one way or another, on this subject: I am one of the folks whose FX trading became always profitable only after I learned to abandon indiors entirely.

    But it appears to me that the key thing, in this circumstance, is that nearly all of the people trading, like myself, from naked charts are individuals who have previously been successful phases of trading (typically, I suspect, much less successful phases of trading), and also have finally found sustainable profitability only by understanding price action - which can be much more easily achieved when one dispenses with indiors. That more or less doesn't apply at all, the other way around, for the apparent reason that nearly nobody (apart from some institutional, professional, graduate/postgraduate trainees, possibly - but they don't post here) first learns to trade without indiors, so in fact one doesn't find people who made the opposite travel.

    Just my perspective, on a subject about which - in an online trading forum - there'll never be widespread agreement, or perhaps anything approaching it... but please excuse my mentioning that I believe your assertion above is actually a mistaken one, the fact being that no indiors tends to perform a lot better compared to indiors, partly because it is used by different folks whose understandings and experiences are different - and there are reasons for that.

  10. #10
    quote (I'm guessing you intended to say doesn't provide a whole lot more success than indiors? And replying on that foundation...) I strongly suspect the evidence is against you, there, really. This is one of these forex issues on which there are two quite distinct consensuses of opinion: among aspiring forex traders and possibly similarly among forex traders in general, and quite a different, possibly even one, among forex traders who are creating a living. I'm perhaps biased, as perhaps we all are, one way or another, with this subject:...
    I know . People see in their use of tools and indiors. For me, what is important in forex trading should be lots of training and understand the market direction. Trade what you see and not what you desire.

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