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Trading Naked. FxForaLiving.comTrading Naked (No indicators)David AranzábalFxForaLiving.com1 de 11
Trading Naked. FxForaLiving.comINDEX1. The Learning Cycle2. The shortcut3. Price as the leading indicator4. Price vs Indicator5. Practical Examples2 de 11
Trading Naked. FxForaLiving.comTHE LEARNING CYCLETypical evolution cycle in the Learning curve for traders:- Phase 1: The trader doesn’t know any indicator at all- Phase 2: The trader learns the 2 or 3 basic indicators- Phase 3: As long as the trader improves his learning curve, but fails in hisfinal results, he researches to find “the best indicator”. The more complexand more rare, the better.- Phase 4: The charts look like a work of art by picasso- Phase 5: The trader removes all the indicators and finally leaves just 1 or 2.He finally masters these incicators.3 de 11
Trading Naked. FxForaLiving.comTHE SHORTCUT- The previous process can last from months to years.- Let’s take the shortcut: The price as the best indicator4 de 11
Trading Naked. FxForaLiving.comPrice vs Indicator.Price. The price discounts and includes all the action taking place in financialactivity. Supply and demand over time is what "paints" the bars and these in turndraw the graphic patterns that can help us interpret what is happening andtherefore create conjecture of what may happen in a future.Indicator. It’s a mathematical representation. It’s a function of the last bars drawnon the graphics platform. Therefore by their morphology is associated with adelay. (Lagging indicator)Ej: Formula RSIRSI 100 -1001 RSRS Average x days’ up closes / Average x days’down closes5 de 11
Trading Naked. FxForaLiving.comPrice vs Indicator IIPrice Vs Indicator. Advantages and disadvantages.TimeRecognitionSignalsFeedback6 de 11PriceIndicatorFaster action’srecognitionRequires theability of theoperatorSubjectiveGreater sense ofcontrolIs associated witha delayIt’s automaticObjectiveSense ofautomatism
Trading Naked. FxForaLiving.comExample 1: Breaking TrendlineTrading example. Price pattern: Breaking Trendline.GBP/USD 1m7 de 11
Trading Naked. FxForaLiving.comExample 2: Trend followingTrading example. Price pattern Trend follower.USD/JPY 5m8 de 11
Trading Naked. FxForaLiving.comExample 3: Exhaustion PatternTrading example. Price pattern Triple Top.GBP/USD 60m9 de 11
Trading Naked. FxForaLiving.comSUMMARY:- Price observation is enough to know “how the market is behaving”.- Requires screen time to get used to recognize patterns.- Like any trading system requires special money management techniques,as you ll allways find false signals.10 de 11
Trading Naked. FxForaLiving.comCONTACT:-You can contact us:info@fxforaliving.com-You can download the slides registering at FxForaLiving.com and accessing tothe Member’s area.Formation services currently available in FxForaLiving:-The Madrid seminar. June, 20, 21.- Online Course 1 year mentoring program11 de 11
Trading Naked. FxForaLiving.com 3 de 11 THE LEARNING CYCLE Typical evolution cycle in the Learning curve for traders: - Phase 1: The trader doesn’t know any indicator at all - Phase 2: The trader learns the 2 or 3 basic indicators - Phase 3: As long as the
