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Before I exchanged using news. I use a different egy, it targets scalping. I really don't usually disclose my trading egies, but for example, I could denote one of these.
First, specify the momentum three candles on small time frames. Waiting for correction and input into market after the close of fourth candle. Given that candle 4 adjusted by less than 38.2% of their momentum.
This is so sad that to some normal trader the one thing that remains would be to adhere to the market.
But there are great traders, who actually moves the market!
They are heavy in money matter, however, I guess, they have been starting some day from a little.
So, possibly, everyone can in some future not follow the market, but proceed!
(Only little inspirational post. Hard day today )
If you want to trade nude chart, its best to trade chart patterns onto a higher timeframe (4hr, Daily). Noise is reduced on such time frames and the signal is clearer
I trade nude chart without any indior trade on limited time period
thanks
I used to exchange like this with Martingale, a small bit of success but the large loose wipe me out. There is absolutely no way you can exchange without indior!
I find the Precise opposite.
As so many others (including all the people who taught me, and also the people who wrote the forex-trading textbooks I found very valuable and useful ) found, it was only when I (eventually) discovered to depart indiors and develop an understanding of pure price action that my trading became steadily and consistently profitable and that I was able to generate a reliable living out of it.
Indiors are derived from prior prices and for me that they don't have sufficient predictive value to be useful at all. It was only when I started understanding the motives for this, that my real trading eduion started.
That is true, but...
(I) That's not because you are trading from nude charts: it is both true of indior trading. It is all about the signal-to-noise ratio, not to what patterns you are interpreting from the chart;
(ii) The fact that non invasive timeframes give more reliable signals doesn't, in itself, always make them profitable: it may work more profitable, overall, to have a far greater availability of slightly less reliable signals - the assessment of the is only one of the countless statistical/probabilistic problems that traders need to learn how to master, to reevaluate our trade . It is twice as well compensated to make an average of ten pips eight times a day than it is to make an average of twenty five pips twice a day.
Plenty of people do exactly that very well, for example me btw. Which indior are you talking about anyhow? You will find a few thousand or even a few hundred of these, I stopped counting. I'm not saying they are useless but the majority of people on forums such as this have no clue how these indiors are functioning yet they are betting money on these
I only require a big (wide to be exact ) screen, I don't even draw lines on my chart - they just distract me.
Indiors isn't used by me at all what ironman1 is talking about. PA is king. Some points that are excellent are raised by xela.
Anyhow there are many different ways to become successful trading depending on your own plogy, some favor the faster charts on reduced timeframes, others the higher timeframes and still others make great approaches traders, each to his own. The acid test for profitability in most cases is far less about the system or method or indior and largely about money and risk management.
Anything that indies what another course of actions is, is an indior. Moving averages, manually drawn trend lines, price action, price, candle sticks, news, volume, fundamentals, history, numbers, they are all indiors and all of them lag. At the very lowest level, there is absolutely no separation between methods of gambling, you open a position as you saw something or you close a position as you saw something.
Fullfilled and unfullied expectations trigers orderflow, the end result of these transactions happening within the orderflow is price action. .
basically ....
PriceAction =
The Result in Price Change after Trades/Transactions(orderflow) are executed
price action is a snap, put a lil context in to it, a well thought out and testet trading plan and you've got yourself a great starting point to become a profitable trader
indiors are just a derivative of stated. . PA / Transactions. .
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