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Trading naked or keep it simple stuff....

  • #1
  • First Post: Nov 8, 2008 3:34pm Nov 8, 2008 3:34pm
I will post here some simple stuff. Just for fun. Post some trades I took and the rationale behind. Most likely I will analyse the majors on 1h chart. I trade naked and try to be as simple as I can. That means no moving averages, stochastics and ^&^*& like that. Trendlines, support/resistance and candlesticks. I hope I help some people to trade better with that. Or prove to myself that my approach is completely wrong.

So here is the first. It is very simple. Get in at the green, get out at the red. Big &(*&*( red line is the stop loss. Oh no MACD, RSI, and stuff like that. For the curious...the buy signal is also confirmed buy a pin bar or hammer.. The get out signal was confirmed by a "hair" , a series of pin bars...
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  • #2
  • Nov 8, 2008 3:43pm Nov 8, 2008 3:43pm
For the sceptics... Here is a failed one. Or breakeven. It depends how one manages.
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  • #3
  • Nov 8, 2008 5:02pm Nov 8, 2008 5:02pm
Dont get mad at me, but candlesticks are one of the biggest jokes
in trading.....they are there just to keep you away from the PA.
forexflash
  • #4
  • Nov 8, 2008 5:21pm Nov 8, 2008 5:21pm
Quoting FOREXflash
Dont get mad at me, but candlesticks are one of the biggest jokes
in trading.....they are there just to keep you away from the PA.
Thanks for your input.
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  • #5
  • Nov 8, 2008 5:22pm Nov 8, 2008 5:22pm
Quoting FOREXflash
Dont get mad at me, but candlesticks are one of the biggest jokes
in trading.....they are there just to keep you away from the PA.
WHA???

I think you might be confusing the method with the message
  • #6
  • Nov 8, 2008 5:25pm Nov 8, 2008 5:25pm
Quoting bullrock
I will post here some simple stuff. Just for fun. Post some trades I took and the rationale behind. Most likely I will analyse the majors on 1h chart. I trade naked and try to be as simple as I can. That means no moving averages, stochastics and ^&^*& like that. Trendlines, support/resistance and candlesticks. I hope I help some people to trade better with that. Or prove to myself that my approach is completely wrong.

So here is the first. It is very simple. Get in at the green, get out at the red. Big &(*&*( red line is the stop loss. Oh no MACD, RSI, and stuff like that. For the curious...the buy signal is also confirmed buy a pin bar or hammer.. The get out signal was confirmed by a "hair"...
A minimalist approach, but not completely naked. I enter/exit on a lower compression chart, and I stay in the trade until the trendline is breached. I use stops and keep them just below the trendline as candles develop. My approach and charts have lots of indicators that are very helpful for entry and reentry, but once in the trade, the trendline rules. I do redraw the trendline once the move goes paraballic(sp).
  • #7
  • Nov 8, 2008 5:26pm Nov 8, 2008 5:26pm
He did not get the point. But this journal is not about attacks and useless debates. Just posting my analysis. Everyone can have his opinion.
Quoting LongToBeFree
WHA???

I think you might be confusing the method with the message
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  • #8
  • Nov 8, 2008 5:27pm Nov 8, 2008 5:27pm
Quoting rapaduski1
A minimalist approach, but not completely naked. I enter/exit on a lower compression chart, and I stay in the trade until the trendline is breached. I use stops and keep them just below the trendline as candles develop. My approach and charts have lots of indicators that are very helpful for entry and reentry, but once in the trade, the trendline rules. I do redraw the trendline once the move goes paraballic(sp).
It is naked. I thought, naked means no indicators at all. Correct me if I am wrong.
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  • #9
  • Nov 8, 2008 5:28pm Nov 8, 2008 5:28pm
Quoting FOREXflash
Dont get mad at me, but candlesticks are one of the biggest jokes
in trading.....they are there just to keep you away from the PA.
I am not sure what this means. Perhaps it's too brilliant for me to understand...
  • #10
  • Nov 8, 2008 5:29pm Nov 8, 2008 5:29pm
Quoting rapaduski1
I am not sure what this means. Perhaps it's too brilliant for me to understand...
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  • #11
  • Nov 8, 2008 5:30pm Nov 8, 2008 5:30pm
Quoting bullrock
It is naked. I thought, naked means no indicators at all. Correct me if I am wrong.
I have been reading a thread that says naked also excludes S/R and trend lines. Perhaps I am wrong and will gladly say so.
  • #12
  • Nov 8, 2008 5:32pm Nov 8, 2008 5:32pm
Quoting rapaduski1
I have been reading a thread that says naked also excludes S/R and trend lines. Perhaps I am wrong and will gladly say so.
Ok whatever. This is my definition of trading naked... Trendlines, S/R, PA, candlesticks. That is it. Oh yes. Compression/Extraction and all that stuff but that is part of price analysis (not price action) So I keep it that way.
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  • #13
  • Nov 8, 2008 7:43pm Nov 8, 2008 7:43pm
By the way. I have started a journal with good intentions and I have received a few attacks out of the box.... Well done people.... Well done. Could you please release your anger somewhere else? Thanks.

Other thing. I will also post here some "quant" stuff. ie probability stats of various things and simulations that might be helpful in the future. That stuff is for the more knowledgeable. If I may.

I am also thinking about "optimal portfolio" and "number of units" analysis as well.
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  • #14
  • Nov 8, 2008 8:26pm Nov 8, 2008 8:26pm
Quoting bullrock
By the way. I have started a journal with good intentions and I have received a few attacks out of the box.... Well done people.... Well done. Could you please release your anger somewhere else? Thanks.

Other thing. I will also post here some "quant" stuff. ie probability stats of various things and simulations that might be helpful in the future. That stuff is for the more knowledgeable. If I may.

I am also thinking about "optimal portfolio" and "number of units" analysis as well.
Thanks, I will stay tuned and participate as I can.
  • #15
  • Nov 8, 2008 9:19pm Nov 8, 2008 9:19pm
Quoting bullrock
Ok whatever. This is my definition of trading naked... Trendlines, S/R, PA, candlesticks. That is it. Oh yes. Compression/Extraction and all that stuff but that is part of price analysis (not price action) So I keep it that way.
What is Compression/Extraction ?
Are you meaning such techniques as pattern recognition, as discussed here:
http://www.imagefeatures.org/research/
In trading, there is no bullshit. You either make money or you don't.
  • #16
  • Nov 9, 2008 2:06am Nov 9, 2008 2:06am
Quoting bullrock
By the way. I have started a journal with good intentions and I have received a few attacks out of the box.... Well done people.... Well done. Could you please release your anger somewhere else? Thanks.

Other thing. I will also post here some "quant" stuff. ie probability stats of various things and simulations that might be helpful in the future. That stuff is for the more knowledgeable. If I may.

I am also thinking about "optimal portfolio" and "number of units" analysis as well.
Don't worry about others bro, you keep posting the way you do. After all its a journal of your trades not anyone else's. I look forward to more postings by you on your thread.
  • #17
  • Nov 9, 2008 4:26am Nov 9, 2008 4:26am
Quoting navin44
Don't worry about others bro, you keep posting the way you do. After all its a journal of your trades not anyone else's. I look forward to more postings by you on your thread.
Thanks Navin. Dont worry. Some need a lot more... I have been hardened by the credit crunch I have been affected 100% as I used to work for a credit derivatives hedge fund...
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  • #18
  • Nov 9, 2008 4:33am Nov 9, 2008 4:33am
Quoting mrgreen
What is Compression/Extraction ?
Are you meaning such techniques as pattern recognition, as discussed here:
http://www.imagefeatures.org/research/
Sorry mrgreen. I have awful wording sometimes. I am man of numbers not words. I mean when the price starts to range in smaller and smaller range and then breaks out with high volatility to seek a new level. Referring to inbars and their friends. And the following breakout... I meant contraction/expansion. I am sorry...
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  • #19
  • Nov 9, 2008 10:03am Nov 9, 2008 10:03am
Thanks for the clarification Bullrock.
Quoting bullrock
Sorry mrgreen. I have awful wording sometimes. I am man of numbers not words. I mean when the price starts to range in smaller and smaller range and then breaks out with high volatility to seek a new level. Referring to inbars and their friends. And the following breakout... I meant contraction/expansion. I am sorry...
In trading, there is no bullshit. You either make money or you don't.
  • #20
  • May 9, 2010 11:56pm May 9, 2010 11:56pm
well done yours is naked trading,I also trade naked trading but my system I make profit either price goes BULL or BEAR
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