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Finally Naked

  • #1
  • First Post: Feb 6, 2007 9:33pm Feb 6, 2007 9:33pm
Just deleted all technical tools off my chart today.

I call it a revolution - evolution maybe is a better word;-)

Goodbye to all the fancy indicators, MA(EMA), RSI, MACD, DMI, BB, KD...

I will trade it naked in the future

Anyone join me?
凹凸 only
  • #2
  • Feb 6, 2007 9:49pm Feb 6, 2007 9:49pm
already there....
The breaking of a wave cannot explain the whole sea.
  • #3
  • Feb 6, 2007 9:54pm Feb 6, 2007 9:54pm
me too...it's the best thing I've ever done in the Forex.
  • #4
  • Feb 6, 2007 10:06pm Feb 6, 2007 10:06pm
LOL .. i only use trendline and LRC in metatrader ... does that counts as naked ?
  • #5
  • Feb 6, 2007 10:16pm Feb 6, 2007 10:16pm
I don't even use charts anymore.
Mr. Trend
  • #6
  • Feb 6, 2007 10:17pm Feb 6, 2007 10:17pm
Quoting luqmanz
LOL .. i only use trendline and LRC in metatrader ... does that counts as naked ?
Not sure if that's considered naked or not, but you are probably trading with a thong.
  • #7
  • Feb 6, 2007 10:42pm Feb 6, 2007 10:42pm
Quoting Samuri
Just deleted all technical tools off my chart today.

I call it a revolution - evolution maybe is a better word;-)

Goodbye to all the fancy indicators, MA(EMA), RSI, MACD, DMI, BB, KD...

I will trade it naked in the future

Anyone join me?
Do you have a specific trading plan in mind?
  • #8
  • Feb 6, 2007 10:52pm Feb 6, 2007 10:52pm
Quoting Mr Trend
I don't even use charts anymore.
Have you replaced your charts with a Ouija Board or do you prefer a pendulum?
  • #9
  • Feb 6, 2007 11:14pm Feb 6, 2007 11:14pm
What's your trading "plan" for the future?
  • #10
  • Feb 6, 2007 11:16pm Feb 6, 2007 11:16pm
Quoting aparsai
Do you have a specific trading plan in mind?
Yes, first thing to clarify is that I am a day-trader. Still I think for medium-term trading, techs are still useful tools. E-waves, FIBOs...

For intraday, I am now actually using a so called 'non-tech strategy'.

It works.
凹凸 only
  • #11
  • Feb 6, 2007 11:18pm Feb 6, 2007 11:18pm
Quoting Craig
already there....
Please welcome a late-comer. But anyhow I am here, too.
凹凸 only
  • #12
  • Feb 6, 2007 11:19pm Feb 6, 2007 11:19pm
Quoting marcf
me too...it's the best thing I've ever done in the Forex.
that's why I call it a revolution!
凹凸 only
  • #13
  • Feb 6, 2007 11:20pm Feb 6, 2007 11:20pm
Quoting luqmanz
LOL .. i only use trendline and LRC in metatrader ... does that counts as naked ?
sorry, IMHO, that is not naked yet;-)
凹凸 only
  • #14
  • Feb 6, 2007 11:21pm Feb 6, 2007 11:21pm
I'm going there,
but rsi love me so much,
somebody please gime me some nice words to leave her without breaking her heart.
in
  • #15
  • Feb 6, 2007 11:30pm Feb 6, 2007 11:30pm
Quoting Samuri
Yes, first thing to clarify is that I am a day-trader. Still I think for medium-term trading, techs are still useful tools. E-waves, FIBOs...

For intraday, I am now actually using a so called 'non-tech strategy'.

It works.
Thanks for your quick response. Could you elaborate? What do you exactly mean by "non-tech strategy"?

Thanks again,
Al
  • #16
  • Feb 6, 2007 11:39pm Feb 6, 2007 11:39pm
I've traded without indicators for a long time and have recently added back trendlines, which I don't consider to be an indicator but rather a support/resistance tool that helps me see trend direction. I think getting away from the indicator fog is very helpful because virtually all indicators are momentum measures in some form or other, which tend to lose clarity/meaning in strong moving markets. And too much of anything makes your price chart too small to be useful anyway. The key is to make use of whatever helps you see what is actually happening, and for most people that means peeling off layers so they can focus on the actual price movement. One other thing I've shed is candlestick analysis, though I do prefer to look at longer term bars as candles and shorter term charts as line and dot charts. Anyway, if it works keep on doing it, and if it doesn't then keep making adjustments until you get a setup you like. KEY POINT: The market isn't what is shown in our charts - charts are merely a lens through which we perceive the market!
  • #17
  • Feb 6, 2007 11:43pm Feb 6, 2007 11:43pm
Quoting Just1Pip
Not sure if that's considered naked or not, but you are probably trading with a thong.
LOL
I can't imagine anyone sitting in front of pc trading with a thong. That's gonna scare the market.
  • #18
  • Feb 6, 2007 11:48pm Feb 6, 2007 11:48pm
Dear All.

Just reading this thread, i was asking my self how do you trade naked without any thing...???

How do you determine where the price will go and how much to put stop loss.

Can you guide me a little bit and tell me where to get info from??
Thanks and Regards Zamir M Iqbal
  • #19
  • Feb 6, 2007 11:58pm Feb 6, 2007 11:58pm
I still use one indicator.
How you act is more important than how you feel.
  • #20
  • Feb 7, 2007 12:20am Feb 7, 2007 12:20am
the price will tell u everything if you start to listen to them.hmm you can start from james16 thread,or start googling "price action".thx

Quoting zamiriqbal
Dear All.

Just reading this thread, i was asking my self how do you trade naked without any thing...???

How do you determine where the price will go and how much to put stop loss.

Can you guide me a little bit and tell me where to get info from??
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