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welcome!

** Many members asked me why I called the post title naked trading.. because I used to use naked trading method.. but now it seems I get more TA in my analysis.. so no more naked .. haha! But I'm not allowed to change the title anymore..I mainly use Trend, PVRSA, Round Number combined with the three screen system I want to call it " "

If you are a loyal fan of Sonic R System, welcome to analyze it with me

First of all I would like to thank the founders of Forexfactory, Sonicdeejay, Tradeathome and all members of the Sonic R system. This post has really helped me a lot in my trading journey.. up and down.. now I am still learning to trade.. hope all the gurus join me and contribute your thoughts! Happy trading!

I mainly analyze based on support and resistance, trading volume, candle PA, and integers.

3 basic trading tools
1. Trend
2. Support level/resistance level/price pivot area/integer (check the manipulation situation)
3.PA

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Price patterns combined with volume analysis are also used to determine whether trades will remain open. Some criteria used to determine if we are in the right position are:

1. Volume increases during breakouts.
2. In the first few days after a breakout, price should move in the direction of the breakout
3. A normal reaction is for price to retrace against the trend, but the volume on the retracement is lower than the volume in the direction of the trend.
4. When the normal reaction ends, volume increases again in the direction of the trend.

Deviations from these patterns are warning signs and, if confirmed by price action through key points, indicate that profit taking or unrealized profits should be taken.

1. Trade with the trend. Buy in a bull market and short in a bear market.
2. Don't trade when there is no clear opportunity.
3. Use key points to trade. (Learn how to find pivot points where new movements emerge; read Finding Trends Through Partial Retracements .)
4. Wait for market confirmation before entering the market. Patience will bring "big money".
5. Let the profits run. Close trades that show losses (good trades usually show profits immediately).
6. Make a trade stop with one and understand it before entering.
7. Exit a trade when the prospects for further profits are slim (the trend is ending or weakening).
8. Trade the dominant currencies in each sector; trade the strongest currency in a bull market, or the weakest currency in a bear market.
9. Don't average down a losing position.
10. A margin call is not encountered; the position is closed instead.
11. Don't follow too many currency pairings.

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PVRSA

-Price rejection

Naked Forex High Probability Techniques for Trading Without Indicators by Alex Nekritin
Menorah Made Simple



Exhaust volume increase S & R / overall, half, quarter volume

Breaks of support and resistance are usually confirmed by large bars or bars , so if you see one on a line, you know the "trend" may have changed.

Price does not like support or resistance levels . It mainly tests them and then moves quickly away . You will rarely find much price action near this line. If the price is hovering near a support or resistance level, a breakout in the opposite direction is possible .

The 3 hits of the trend line is a very strong support for me.

You need at least three touches (or points on a line) to confirm it is a support or resistance level. Two is not enough. If the price moves quickly away from the line connecting these points, it may be a doom and gloom situation, but don't place a trade until it hits the line again.


The steeper the line, the shorter the duration , keeping your stop tight if it leaves quickly. Keep your stop loss above (resistance) or below (support).

Price will always move back to a support or resistance level to test it, if there is a big move wait for the consolidation to come back above the line and then trade .





To me, "hedging" is just hiding the loss under another opposite trade...sooner or later, when the hedge disappears, the ugly loss is exposed...I don't like this concept! (But, to those who use them, I say, different strokes for different people...that said, it's a personal choice).

This seems to be what is happening to some traders at the moment...

1. You place a trade and set your stop loss around 40-50 pips
2. The market goes against you (horrible... I was wrong!!)
3. Let the market continue...it might go another 30 - 100 pips above your stop...who knows? ? ?
4. Finally, the market comes back and starts moving in the opposite direction
5. Now that you are completely out of the market, you let it go

The solution I found is very simple, but it must be implemented without failure. ..

Scene 2

The strategy is:

1. You place a trade and set your stop loss around 40-50 pips
2. The market goes against you (horrible... I was wrong!!)
3. Let the market continue...it might go another 30 - 100 pips above your stop...who knows? ? ?

4. Place an order at the exact same number as your stop loss (or a "short" order if you were "short" initially) This ensures that when the market comes back, as it always does, you have a clear order to get you back into the market... and you are now in the same direction the market was moving.

5. Finally, the market comes back and starts moving in the opposite direction
6. The market takes you back in its new direction

7. Advantages of This (theoretical) strategy is that
a. It has an effective and disciplined course of action
b. It provides you with a specific "entry" point
c. It reduces large losses
d. It brings you back to the market you exited from

I know there are downsides to this strategy, and I think the overall effect of the purchase is that the pros outweigh the cons.

I also think that this strategy appealed more to my business sense of minimizing risk than the original concept of "hedging" that originally led me to discover hedging alternatives.

I've been using this strategy for a few months now and it's worked wonders.

Please note : I am a medium to long term trend trader. The above methods work best within these time frames. It doesn't work well on short time frames due to the volatile "noise" in the market.

When the stop loss is triggered, I allow it to exceed my stop loss minimum and the price goes up 50 pips before I place a new order.

When the market turns and goes down in the "trend" direction, my order is opened.

Give it a try...you'll be surprised how good it is.

The main advantage is that you are not trying to "hold" a losing trade...so your losses are minimized.

However, this is the "default" transaction. This is not the main strategy used.
Don’t overlook that the main strategy is to trade in the medium/long term and trade with the trend and set a trailing stop.