A streamlined and highly effective approach to trading without indicators

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Most forex traders rely on technical analysis books written for stock, futures, and option traders. However, long before computers and calculators, traders were trading naked. Naked trading is the simplest (and oldest) trading method. It′s simply trading without technical indicators, and that is exactly what this book is about.

Traders who use standard technical indicators focus on the indicators. Traders using naked trading techniques focus on the price chart. Naked trading is a simple and superior way to trade and is suited to those traders looking to quickly achieve expertise with a trading method.

 

[mehmet15]

very nice....Traders who use standard technical indicators focus on the indicators. Traders using naked trading techniques focus on the price chart.

 

[pippin]

Most forex traders rely on technical analysis books written for stock, futures, and option traders. However, long before computers and calculators, traders were trading naked. Naked trading is the simplest (and oldest) trading method. It′s simply trading without technical indicators, and that is exactly what this book is about.

Traders who use standard technical indicators focus on the indicators. Traders using naked trading techniques focus on the price chart. Naked trading is a simple and superior way to trade and is suited to those traders looking to quickly achieve expertise with a trading method.

I like naked price action trading because of its simplicity and intuitive rules which you can adapt to your risk appetite and trading goals. Like if your are scalper your are better to trade short-term bounces&breakouts, however if you are long-term or swing trader then S/R levels would be a better fit.