Do you believe if you can do forex trading without indicators can really bring benefits? Usually this technique will quickly be refuted for those who are accustomed to trading by relying on indicators. But do you know that with enough experience will make you become proficient using this naked trading.
This time we will share the basic and basic techniques of naked trading the simplest you can learn in a fast time.
Many say that naked trading is similar to speculation because it only relies on blank charts without any indicators, but you can add insight and knowledge to the world of trading by learning this naked trading. And also will make you more discipline with the trading system that you have today. With this naked trading you psychological trading you will be more mature and perfect, in contrast to the speculation that only rely on luck alone, which will not teach you anything other than hoping a luck and a miracle.
Before you enter the marketplace, you must first be familiar with the definition of a market that generally consists of three types, among others:
Uptrend / Bullish
Downtrend / Bearish
Ranging / Sideways / Consolidation
Here's the basic step you should do first if you want to do naked trading:
First, understand correctly and learn basic trading, PASR (Price, Action at Support Resistance). Where you have to really understand the level of support and resistance.
Second, get it right and learn basic reversal candlesticks ranging from SS, Hammer, BU / BE Engulfing, dark cloud, piercing, and doji that will be useful later on in identifying the market.
Third, understand and learn both Fibonacci Retracement to measure the strength of a price of a trend that is happening today.
These three basic naked trading will create a very profitable simple combination, and by utilizing the time then you will be able to determine the steps. Because sometimes indicators are often late in giving trading signals.
So you can understand the concept of naked trading better, let us discuss one by one about the concept of nakep trading is started from the base of support resistance.
Note the picture below, you will be able to see very clearly the support of this graph
If you have, look at the picture below. Notice the graph that we have marked with a red linkage. If so, you can see the level of resistance level and then you make a line of resistance line.
What if the price moves sideways and does not form a trend line? Can not trading?
The answer is still can, you can identify the swing high and swing low based on the concept of resistance support and breakout above. For more details you can see the picture below.
Well after understanding the basic base of naked trading this means you are ready to do naked trading which means trading without using any indicators. You do not have to always do this naked trading, but by understanding it you will make your trading system that you use for this will be stronger and more disciplined.
The most important thing in naked trading is really pay attention and control your psychological trading, because you must really in cold head condition to make decision in this naked trading. Quiet decision making and not signaling trading signals is absolutely essential in doing naked trading.
There are many opportunities and opportunities, but that does not mean you have to get in on all these opportunities and opportunities. There are times when you avoid the market to keep you from speculation.
This time we will share the basic and basic techniques of naked trading the simplest you can learn in a fast time.
Many say that naked trading is similar to speculation because it only relies on blank charts without any indicators, but you can add insight and knowledge to the world of trading by learning this naked trading. And also will make you more discipline with the trading system that you have today. With this naked trading you psychological trading you will be more mature and perfect, in contrast to the speculation that only rely on luck alone, which will not teach you anything other than hoping a luck and a miracle.
Before you enter the marketplace, you must first be familiar with the definition of a market that generally consists of three types, among others:
Uptrend / Bullish
Downtrend / Bearish
Ranging / Sideways / Consolidation
Here's the basic step you should do first if you want to do naked trading:
First, understand correctly and learn basic trading, PASR (Price, Action at Support Resistance). Where you have to really understand the level of support and resistance.
Second, get it right and learn basic reversal candlesticks ranging from SS, Hammer, BU / BE Engulfing, dark cloud, piercing, and doji that will be useful later on in identifying the market.
Third, understand and learn both Fibonacci Retracement to measure the strength of a price of a trend that is happening today.
These three basic naked trading will create a very profitable simple combination, and by utilizing the time then you will be able to determine the steps. Because sometimes indicators are often late in giving trading signals.
So you can understand the concept of naked trading better, let us discuss one by one about the concept of nakep trading is started from the base of support resistance.
Note the picture below, you will be able to see very clearly the support of this graph
If you have, look at the picture below. Notice the graph that we have marked with a red linkage. If so, you can see the level of resistance level and then you make a line of resistance line.
What if the price moves sideways and does not form a trend line? Can not trading?
The answer is still can, you can identify the swing high and swing low based on the concept of resistance support and breakout above. For more details you can see the picture below.
Well after understanding the basic base of naked trading this means you are ready to do naked trading which means trading without using any indicators. You do not have to always do this naked trading, but by understanding it you will make your trading system that you use for this will be stronger and more disciplined.
The most important thing in naked trading is really pay attention and control your psychological trading, because you must really in cold head condition to make decision in this naked trading. Quiet decision making and not signaling trading signals is absolutely essential in doing naked trading.
There are many opportunities and opportunities, but that does not mean you have to get in on all these opportunities and opportunities. There are times when you avoid the market to keep you from speculation.
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