Buy and sell indicators often confuse traders, especially when they are new in the forex trading, but worry not as that is not the only way you can trade forex. With forex no indicator trading, aka naked forex trading, you can trade forex without indicators very easily. A few traders recommend using indicators up to 2, but most naked traders prefer to use none.

It is important to note that the indicators themselves are not buying or selling signals as all they do is tell the market condition and a good time to trade. But if that confuses you, do not worry as forex without any indicators is your solution, which we would incorporate in this article to make your forex game strong.

Trading forex without indicators or naked forex trading is buying and selling assets using price levels as the main trading criteria. Forex no indicator trading is usually based on the current market conditions when traders use price levels to enter and exit from trades such as Fibonacci levels, support, resistance, pivot points, and price levels from chart patterns. Before you jump into the ocean of naked trading , you need to have a thorough understanding of various candlestick and chart patterns, like when they form, what they indicate, etc.

It is an essential part of a naked trader to learn how to read them and analyze them for your benefit. Some traders suggest learning forex no indicator trading before learning indicators, but in the end, indicators are useful only to analyze the past trends. Price action trading is a way of trading at the moment when price creates a strong move around important price level. For example, price action is in the moment when price breaks support or resistance in strong movement, or when price touches an important price level and make a sharp, strong reversal.

Forex no indicator trading simplifies trading, as it cuts down the use of indicators and focuses on the current scene. Forex trading without indicators or naked trading is technical analysis, as it involves analyzing and reading patterns. Still, the fundamental analysis is equally important here as big events can change the course of actions.

Many traders even prefer not to trade when such big events are expected, as, during those times, the forex market is susceptible and volatile. You need to know one thing about no indicator forex trading that financial markets move forward or backward in cycles. In a standard cycle for markets, the opening is at a low point, which goes upwards and makes a crux, after which a downturn would occur- the same cycle would continue.

As a forex trader wishing to trade without indicators, you must understand these trends; such patterns can be seen on small and large scale charts. An ideal and experienced forex trader will go along with these patterns to dive into the forex market. As a forex trader, you need to get inside the market and trade before dumb money enters. Well, it simply means that you need to identify trends faster and enter the market at an early stage before other traders notice the big candlestick pattern.

But what they forget is that the market has already discounted that fact, and a breakout is about to happen. In such times, be smart money who sells when others buy to take advantage of high prices. Forex trading without indicators requires other tools, and support and resistance levels and trendlines are a few prevalent among them.

As a naked trader, you have to control the lines you draw for support and resistance, as too many lines would spoil things for you. You must not draw more than five lines, and draw them only when you are sure about it. Remember that the recent lines represent the market more accurately than the old ones. At the same time, trading forex naked, such tools prove to be boons, as they help me identify great opportunities to enter and exit the market.

Every trader in the forex market should learn to trade forex without indicators, even if they are not planning to trade forex like that. A lot of traders believe in first analyzing the price action and then move to indicators. Forex trading without indicators saves your time as you deal with real-time scenarios and would not waste time doing deep research of indicators.

It makes it very simple and precise. It is not that simple because you would still have to create a trading plan, as, without that, forex trading with or without indicators is just gambling. Though please take note that these two patterns are objective in nature. The head and shoulder pattern can be seen often during any trading day and is very important for traders to trade forex without indicators. This pattern is derived from its shape — It makes two lower highs and one highest point, which appear like two shoulders and one head.

This pattern indicates that the upside trend will be converted into a downside or reverse trend. If you are long in a trend and see this pattern, you better sell your position. The good thing about the head and shoulder pattern is that it works well in the downturn market as well; it suggests an upside reversal. The wedge pattern is also known as the triangle pattern. It suggests various things depending on how the market condition is at that moment.

In a wedge pattern or a triangle pattern, a single long side is followed by two prices getting closer to each other. These two sides can be created with two trend lines.

by TradingStrategyGuides Last updated Nov 10, All Strategies , Forex Strategies , Indicator Strategies , Indicators 4 comments. This means that the charts will have no indicators on them whatsoever!

You can trade forex without indicators. We also have training for the ADX Indicator. No indicators? As in zero? Yes 0. We will show you how to trade with no indicators using naked forex trading. Make sure to print out this article and be ready any time!

We are sure you can find this simple forex trading strategy with no indicators. First of all, a question for YOU: do you use indicators? And if so which ones? And if not, tell us why? Please leave a note down below in the comment section! Taking off the indicators and actually analyzing price action and chart patterns makes the trading process, Forex analysis, and Forex trading a lot simpler.

Also, read The Benefits and Danger of Online Forex Trading. Mind you that some indicators do have added value. But, of course, only if you have sufficient experience with that particular tool. What often happens to many newer traders is that they solely rely or try to rely on one or two indicators or two dozens of them. The problem with that is — in a way — the attitude: the hunt for the holy grail or the magic trade that will make all the correct decisions at the right time.

Forget that utopia. NO, I am not saying that you cannot use any Fibs, YES, of course, you can. Fibs are great. As we discussed last week in the article named the Ultimate Fibonacci Trading Strategy. I would not want to trade without them. But what I am saying is this: learn to read patterns and actually see the charts. Learn to read price action signals. If one focuses only on indicators, you will never see the obvious.

Practice this art and you will see that Forex trading using no indicators works just as well. Or you will at least be able to reduce it to the basics such as Fibs, divergence, and a moving average.

Here is another article on the most used indicators in forex trading. Then look at the market. See its breath. Hear it talk. Feel it move. When a trader looks long enough at the charts, they start to build up intuition. But if you look at the charts often enough, you will see the impulse in the market. You will start to see the energy and momentum in the charts. The best traders observe small little clues that seem meaningless to others but remind the chart watcher of imminent danger and opportunity.

Or remind them of previous experiences that help aid the current analysis and decision-making process. The best traders are in rhythm with the market. The market makes impulses, corrections, then again impulse, correction, impulse, correction, etc. On and on. This is the heartbeat of the market.

So if this pattern is the basic mechanism of the market, why not capitalize on it? The answer is: yes we should! Forex trading using chart patterns and price action signals is tremendously powerful. There are a ton of links on price action at the Winners Edge Trading website so we will focus.

Patterns are so great simply because they mark the start and end of a correction. But also mark the start and end of an impulse! And the impulse is the gravy of Forex trading. Impulses are great because Forex trader reaches their profits and their take profit targets quickly without too much hassle and sideways chop. And because impulses are more easily identified and caught in trends than in ranges, Forex traders usually focus primarily on trading trends. And that makes sense.

Trends have many price action areas with impulses. That is why trading with the trend is so important to Forex traders. But in fact trading with the impulse is the real name of the games. We can use chart patterns for various reasons: a To identify consolidation zones or corrective price action.

b To predict future movements. c Most importantly to spot great Forex trading opportunities. Chart patterns help us with identifying corrective periods. That is why trading breakouts are such a great, if not the best, method for trading using no indicators. There are tons of different chart patterns. Here is a list: a Bear flag: bear flag break is a high likelihood upside continuation trade. b Bull flag: bull flag break is a high likelihood upside continuation trade. c Contracting wedge: space is getting smaller between 2 trend lines, continuation trade in the same direction of the trend.

d Expanding Wedge: space is getting wider between 2 trend lines. e Descending Wedge: space is getting smaller between trendline and horizontal line, continuation trade to downside likely.

f Ascending Wedge: space is getting smaller between trendline and horizontal line, continuation trade to upside likely. g Triangle: space is getting smaller between 2 trend lines, continuation trade in the same direction of the trend.

h Pennant: space is getting smaller between 2 trend lines, continuation trade in the same direction of the trend. i Head and shoulders: reversal pattern. The uptrend is weakening, a potential downside. j Inverse head and shoulders: reversal pattern. The downtrend is weakening, potential upside. k Rectangles: continuation trade in the same direction of the trend is likely.

People have been trading since the very beginning this way. You do not need ten indicators for a simple Forex strategy no indicators required.

You can easily analyze your charts, or even chart web sites to decipher what is happening in the market with this method. I want to show you this because, as a trader, you need to know all of the tools to be successful. If you can trade with this method, then adding on a few key indicators can massively improve your trading. I believe that you need to know the basic strategies like this before you should start to use indicators used by professionals.

The highs and lows method is based off of one key principal. Agreement between buyers and sellers. When the market pushes to a new high, that is significant. The same goes for when the market is pushed to a new low.

At these levels, enough traders came into the market to reverse the trading direction. You can take advantage of these points as significant levels of resistance or support to base your trades. You wait for the market to approach the levels. While this method is incredibly simple, it works extremely well in any market with good volume. Volume is key in this strategy because we need to have as many data points as possible. If you are trading a market that is extremely thin, it can jump through, and around levels of resistance and support.

We are counting on traders coming into the market to hold these areas. I focus on giving you ways to trade without indicators, and simply analyzing your charts. Here is a video that can help you by showing you when to expect large spikes in the market. Breakout Trades and High Volume Trade Spikes Video.

Watch The Video Here. Skip to primary navigation Skip to main content Skip to primary sidebar People have been trading since the very beginning this way.

This method contains a few main points: Highs in the market are agreement between buyers and sellers This is the same for the lows: agreement between buyers and sellers Price action is king in the market. How this strategy works? The highs in the market are stopping at lower levels. Look for short trades When to enter a trade? Why only markets with good volume? How to add to this simple Forex strategy no indicators method?

Breakout Trades and High Volume Trade Spikes Video Watch The Video Here Facebook Twitter LinkedIn Reddit. Share this: Click to share on Twitter Opens in new window Click to share on Facebook Opens in new window Click to share on Reddit Opens in new window. Like this: Like Loading Bruce Banks Trader And Trainer Bruce Banks Bullish Candlestick Pattern High Volume Trading Video TAS Market Profile Trading Retracement Trades Breakout Trades and High Volume Trade Spikes Video Price Action Trading Video Market Profile Point of Control: Video.

Volume is key in this strategy because we need to have as many data points as possible. May 10, at pm. You need to learn how to feel the car, what it needs. Welcome Traders! Make sure to print out this article and be ready any time! The crucial trick is plain and simple price action and chart patterns. Key points If you remember anything from this article, make it these key points.

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