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  • Trading Naked (No Indicators) : David Aranzábal

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    Hazril Hanzo Ranzyah
    46 views11 pages
    This document discusses trading without technical indicators by focusing solely on price action. It outlines the typical learning cycle traders go through, from using many indicators to simplifying down to just 1-2. It advocates taking a shortcut to this process by making price the primary indicator. Examples are given showing how patterns in price movement can provide trading signals. The document advises that price observation alone is sufficient to understand market behavior but requires experience to interpret patterns and that money management is important with this approach as with any system due to the potential for false signals. Traders are invited to contact the website for more information on training programs.

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    Untuk Trading Tanpa Indicator

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    WebinarTradingNaked

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    This document discusses trading without technical indicators by focusing solely on price action. It outlines the typical learning cycle traders go through, from using many indicators to simplifying down to just 1-2. It advocates taking a shortcut to this process by making price the primary indicator. Examples are given showing how patterns in price movement can provide trading signals. The document advises that price observation alone is sufficient to understand market behavior but requires experience to interpret patterns and that money management is important with this approach as with any system due to the potential for false signals. Traders are invited to contact the website for more information on training programs.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    46 views11 pages

    Trading Naked (No Indicators) : David Aranzábal

    Uploaded by

    Hazril Hanzo Ranzyah
    This document discusses trading without technical indicators by focusing solely on price action. It outlines the typical learning cycle traders go through, from using many indicators to simplifying down to just 1-2. It advocates taking a shortcut to this process by making price the primary indicator. Examples are given showing how patterns in price movement can provide trading signals. The document advises that price observation alone is sufficient to understand market behavior but requires experience to interpret patterns and that money management is important with this approach as with any system due to the potential for false signals. Traders are invited to contact the website for more information on training programs.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 11

    Trading Naked. FxForaLiving.

    com

    Trading Naked (No indicators)

    David Aranzábal
    FxForaLiving.com

    1 de 11
    Trading Naked. FxForaLiving.com

    INDEX

    1. The Learning Cycle

    2. The shortcut

    3. Price as the leading indicator

    4. Price vs Indicator

    5. Practical Examples

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    Trading Naked. FxForaLiving.com

    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 trader improves his learning curve, but fails in his
    final results, he researches to find “the best indicator”. The more complex
    and 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.

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    Trading Naked. FxForaLiving.com

    THE SHORTCUT

    - The previous process can last from months to years.

    - Let’s take the shortcut: The price as the best indicator

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    Trading Naked. FxForaLiving.com

    Price vs Indicator.

    Price. The price discounts and includes all the action taking place in financial
    activity. Supply and demand over time is what "paints" the bars and these in turn
    draw the graphic patterns that can help us interpret what is happening and
    therefore create conjecture of what may happen in a future.

    Indicator. It’s a mathematical representation. It’s a function of the last bars drawn
    on the graphics platform. Therefore by their morphology is associated with a
    delay. (Lagging indicator)

    Ej: Formula RSI


    100
    RSI =
    ______
    100 -
    1 + RS

    RS = Average x days’ up closes / Average x days’


    down closes

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    Trading Naked. FxForaLiving.com

    Price vs Indicator II

    Price Vs Indicator. Advantages and disadvantages.

    Price Indicator

    Time Faster action’s Is associated with


    recognition a delay
    Recognition Requires the It’s automatic
    ability of the
    operator
    Signals Subjective Objective
    Feedback Greater sense of Sense of
    control automatism

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    Trading Naked. FxForaLiving.com

    Example 1: Breaking Trendline


    Trading example. Price pattern: Breaking Trendline.
    GBP/USD 1m

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    Trading Naked. FxForaLiving.com

    Example 2: Trend following

    Trading example. Price pattern = Trend follower.


    USD/JPY 5m

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    Example 3: Exhaustion Pattern

    Trading example. Price pattern = Triple Top.


    GBP/USD 60m

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    Trading Naked. FxForaLiving.com

    SUMMARY:

    - 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.

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    CONTACT:

    -You can contact us:

    info@fxforaliving.com

    -You can download the slides registering at FxForaLiving.com and accessing to


    the Member’s area.

    Formation services currently available in FxForaLiving:

    -The Madrid seminar. June, 20, 21.


    - Online Course + 1 year mentoring program

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