Naked.Forex.HighProbability.Techniques.for.Trading.Without.Indicators

Title: Naked Forex: High-Probability Techniques for Trading Without Indicators

Authors: Alex Nekritin & Walter Peters

Published: 2012

Overview

Naked Forex is a price action trading book that teaches traders how to trade without using indicators. The book argues that most indicators are lagging and that pure price action provides a more accurate way to analyze the markets.

Key Concepts in the Book

1. Why Indicators Fail – The book explains why traditional indicators (like RSI, MACD, Bollinger Bands) often cause traders to enter and exit trades too late.

2. Price Action Strategies – Teaches how to read raw price movements using candlestick patterns, support and resistance, and market structure.

3. Market Psychology – Helps traders understand how emotions like fear and greed affect price movements.

4. Risk Management – Covers setting stop losses, take profits, and position sizing for better risk control.

5. Specific Trading Strategies –

Wammies & Moolahs (Reversal setups)

Big Shadows (Engulfing patterns)

The Last Kiss (Breakout & retest strategy)

Who Should Read It?

Beginner traders who want to learn price action trading.

Experienced traders looking to simplify their strategy.

Those who want to trade without indicators and focus on naked charts

Quantity

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You'll get "Naked Forex: High-Probability Techniques for Trading Without Indicators"

1. Trading Approach – Price action-based, no indicators. 2. Focus – High-probability setups, psychology, and risk management. 3. Strategies – Specific price action patterns for entries and exits. 4. Complexity Level – Suitable for beginners to advanced traders. 5. Market Application – Primarily for forex but applicable to other markets.

✅ Simplicity – Eliminates unnecessary indicators, making trading clearer. ✅ Real-time Trading – Uses live market movements instead of lagging signals. ✅ Improved Decision-Making – Helps traders understand price action deeply. ✅ Consistency – Builds a structured approach to trading with discipline. ✅ Profitability – Enhances trade entries, exits, and risk control for better results.

Size

7.57 MB

Length

290 pages