Trading Starts Here...
«Naked Forex High-Probability Techniques for Trading without Indicators» by Alex Nekritin and Walter Peters
The book «Naked Forex High-Probability Techniques for Trading without Indicators» presents the world's oldest trading style, which is trading naked charts without adding any technical indicator. Traders using naked charts start by determining major support and resistance and later focus on the price action near these levels.
These are some strong points made in the book:
Essential Steps for Successful Trading
These are the five steps:
(1) First comes the chart analysis
"Winning traders may be made, not born"
The Experiment
In 1983, Richard Dennis and William Eckhardt started the “Turtle Experiment” to prove that anybody could be taught how to trade successfully. After placing an ad in The Wall Street Journal, thousands of novice traders applied but only 14 would make it through the first "Turtle" program. The program proved very successful. By the end of the experiment, the novice traders had generated tens of millions of dollars.
The Turtles used a trend-following system focusing on entry and exit rules, position sizing based on market volatility, and risk management.
TRADING WITH PIVOTS & PETER BAIN'S METHODS
The trading coach Peter Bain has created a Forex trading method based mainly on pivot points. In this article, we are going to investigate his general trading approach.
Highlights of the Peter Bain’s Trading Methods
Heikin-Ashi Forex Trading Strategy (Based on Joseph Nameth)
The following trading strategy aims to follow strong trends in the Foreign Exchange market. It is based on the daily Heikin-Ashi chart for identifying and confirming the trend, while the trigger is based on a Range/Renko chart. This strategy was originally presented by Joseph Nameth as a multi-timeframe trading strategy, however, for educational purposes, we are only using the Daily chart to make things easier.
Implementing the Trading Strategy in 3 Steps
Highlights