Hi guys and beautiful ladies!
I’m a forum newbie and a "newbie trader… joke " and I would like to share some of my random naked charts and because I’m a big fan of naked charting and Price Action and since this is the PA section, I hope that I can find someone who trades the same.
First I have to say that I like to jump from normal candlesticks to Heikin Ashi and Line Chart. Order doesn’t matter and I really don’t have a favourite but I find myself using Line and HA most of the time. I use only one chart for everything but sometimes I do peek at higher TF when I’m in doubt of trend direction. Time frame of these charts are M1, M5, H1 and a Daily. The Oanda charts have blue for up and red for down (trade lines) but the Japanese chart it’s inverted so my trade lines and even the colour of my candles are inverted, red for UP and blue for down. Please don’t bother looking at the pips made or lost because they are laughable and I’m not sharing this for a pissing contest and I just want to know who uses the same concept.
I use lots of trendlines but most of my trades I just use invisible trendlines and invisible S/R because I just hate the clutter and often I trade correlating pairs so if one goes down, often other pairs follow or I burn… lol! I don’t use a specific technique and it’s all a mish-mash. I use the same thing for scalping to position trading but the only difference is when I scalp that sometimes I trade the bounce which can be over in a few seconds aiming for 3 to 10 pips. Yep 3 pips is 3 pips and I’m happy to take that I don’t normally use the bounce for longer targets and just wait for the candles to close but if I see the opportunity of a bounce, I’ll will take it. That being said, I do trade reversals but am not a huge fan of it. Mostly I trade breakouts and micro trend breakouts going with the trend but I do trade reversals on a trend inside a trend but often I just chicken out and just go with the general trend. It’s just the trend inside the trend thingy… I also like to trade retracements and continuations too. I like to lock and relock and if things really go south I wont hesitate to hedge. It’s harder for scalping since price can jump so fast and with several trades open and sometimes can be overwhelming.
I’m not against using indicators because I did use them before and one of my favourite is Ichimoku. I also like TDI and the trusty 10 SMA. Sometime when I’m in doubt I add 10 SMA for added security and it really helps… but delete it as soon as it has served it’s purpose. I love the 10 in and 10 out concept but Heikin Ashi and my trend lines has that covered.
So this is how I use naked charting and PA, whats yours?
Here some pics of my naked bunnies