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naked trading

Pezza
Apr 26 2021 at 11:06
90 posts
how many people started trading with indicators and other stuff now have very simple clean (naked charts) and find it better with less interference
Pete Hall (PhorexLimited)
May 03 2021 at 23:30
4 posts
Funnily enough no... that’s where I’ve ended up really. Although it’s managed by an MT4 bot, so looking at indicators doesn't really matter to me.
Sooner or later the one who wins, is the one who thinks they can...
margaritastephen
May 06 2021 at 06:12
20 posts
That must be the case for some of them but I don’t think it is with everyone. It really depends on the rader and some of them choose to use indicators in the beginning while others wait before getting started with them. It also depends on the strategy you’re using and if it allows you to stick to those indicators in the long run. Like I have been using moving averages from the beginning and I still go for it whenever I’m trading. So can’t really say if that is how everyone works, right? What made you think that in the first place?
urcondis
May 26 2021 at 06:59
13 posts
When I started off as a trader, the only indicators I knew about were RSI and MACD. With time, I got to know about more indicators and even tried using some of them. But I got back to these two; maybe because I had obtained a hold of these and can use them to the best of my advantage.
yana hansen (78678676)
Jun 10 2021 at 07:03
137 posts
Indicators are helpful, but using so many of them at the same time can create confusions. So I like sticking to two or three of them, the ones that are most trustworthy.
Pete Hall (PhorexLimited)
Jun 10 2021 at 17:50
4 posts
All my charts look like this...

Attachments:

Sooner or later the one who wins, is the one who thinks they can...
Elena Triston (ele020)
Jun 24 2021 at 05:27
219 posts
Pezza posted:
how many people started trading with indicators and other stuff now have very simple clean (naked charts) and find it better with less interference
I used quite a lot of indicators in the beginning but now i have reduced to just 1-2 indicators.
The more your practice, the more you learn.
Seb King (sebking1986)
Nov 15 2021 at 13:41
507 posts
I was the case for me but it depends on what works for the individual. There is no right or wrong way. if it makes money they it's right for you.
If you can't spot the liquidity then you are the liquidity.
croisssan
Nov 15 2021 at 14:38
939 posts
How is it fundamentally different from conventional trading strategies?
Pete Hall (PhorexLimited)
Nov 15 2021 at 15:00
4 posts
croisssan posted:
How is it fundamentally different from conventional trading strategies?

I would say a lot of indicators don't 'indicate' much, and are more like a breadcrumb trail of the past. On my charts I trade across all 3 sessions, so session times are the most important information to me. Recent screen shot and my set-up to do this. I also like to have DXY open to monitor real-time USD activity.

Attachments:

Sooner or later the one who wins, is the one who thinks they can...
Tuxedo888
Nov 17 2021 at 01:40
67 posts
Most indicators are lagging, and just tell you where the trade have been,

by the the time Andys pichfork had cleared out the stables, and all the moving SMA 's & EMA, and five day MA is not set in stone. all Traders can choose different time periods and the most popular ones in use are the 10 day, 20 day, 50 day, 100 day and 200 day moving averages. O and a big mac D. with cheese and fries,

YOU are just trading after the horse has left the room. The (Stable)
Felolune (Felolune)
Nov 17 2021 at 14:55
14 posts
Being a true scalper, I can allege that indicators matter a lot in this sphere. Of course, you shouldn't combine all the indicators, because you won't even see the graphic in this case lol. It's enough to get acquinted with couple of them, which can be combined. All the combinations you can find either in the internet, or they can be provided by your broker.
In my opinion, traders should be flexible in case of trading with indicators. No doubts, that it may take plenty of time to learn the mechanics of all indicators, however only in this case you will be able to distinguish them.
Tuxedo888
Nov 17 2021 at 20:47
67 posts
Fair play Felolune,

Maybe you are right, but as your a true Scalper, please tell me what indicators do you in this sphere,
Pete Hall (PhorexLimited)
Nov 17 2021 at 22:34
4 posts
Once you realise FX is driven by the force of a currency, and not even necessarily the currency you are trading... then indicators do just get in the way a bit. I have put all my focus into how currencies affect each other. You'd be amazed how much logic there is to a seemingly unlogical beast.

Understanding this flow, together with indicators can be useful. I have a very faint reading from parabolic SAR on my charts, which is data puled from 5 different timeframes. It's useful so see what direction something is heading at a glance... but that's about it. Even then, the true directional force could be against the grain.....
Sooner or later the one who wins, is the one who thinks they can...
LukeRachel
Nov 21 2021 at 01:36
477 posts
I always try to read the market sentiment. I do not need an indicator for this. However, I use a bot that helps me a lot to make money.
croisssan
Nov 21 2021 at 10:00
939 posts
Again, working like this without experience and understanding of the work process is too risky.
LukeRachel
Nov 28 2021 at 02:50
477 posts
I used to use indicators more when I was trading at the beginner stage. Because there was no idea about the market then. I used RSI, Moving Average, and many more indicators.
AliaDare
Nov 28 2021 at 08:02
788 posts
There are some indicators that work well such as moving average, MCDI divergence etc. However, some indicators give signals but slow which is not really acceptable.
skihav
Nov 28 2021 at 08:42
801 posts
Not a bad way of working, of course, but also not the easiest one. In general, any trading option requires experience and training.
kroxobor
Dec 03 2021 at 06:46
34 posts
Indicators are a useful tool and can aid your decision making if you are a beginner, but as you move forward and gain experience you’ll eventually realise that depending on too many indicators can actually make your trading complex. I’ve started keeping my charts clean and I do install only 3 or 4 indicators at max on my charts.
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