Naked Forex: high-probability techniques for trading without indicators

290 Pages·2012·7.38 MB·English

by  Alex Nekritin

High-Probability Techniques for
Trading without Indicators
n a k e d
f o r e x
FREE Trading Software and
Video Tutorial Included
alex nekritin walter peters
, phd
Foreword by Abe Cofnas
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Naked Forex
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Foundedin1807,JohnWiley&Sonsistheoldestindependentpublishing
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TheWileyTradingseriesfeaturesbooksbytraderswhohavesurvived
the market’s ever changing temperament and have prospered—some by
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theadviceandstrategiesneededtoprospertodayandwellintothefuture.
For a list of available titles, please visit our Web site at www
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Naked Forex
High-Probability Techniques for
Trading without Indicators
ALEX NEKRITIN
WALTER PETERS, PhD
JohnWiley&Sons,Inc.
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Copyright (cid:2)C 2012 by Alex Nekritin and Walter Peters. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Published simultaneously in Canada.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in
any form or by any means, electronic, mechanical, photocopying, recording, scanning, or oth-
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Requests to the Publisher for permission should be addressed to the Permissions Department,
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Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best
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accuracy or completeness of the contents of this book and specifically disclaim any implied
warranties of merchantability or fitness for a particular purpose. No warranty may be created
or extended by sales representatives or written sales materials. The advice and strategies con-
tained herein may not be suitable for your situation. You should consult with a professional
where appropriate. Neither the publisher nor author shall be liable for any loss of profit or any
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LibraryofCongressCataloging-in-PublicationData:
Nekritin,Alex,1980-
NakedForex:high-probabilitytechniquesfortradingwithoutindicators/AlexNekritin,
WalterPeters.
p.cm.–(Wileytrading;534)
Includesindex.
ISBN978-1-118-11401-8(cloth);ISBN978-1-118-22435-9(ebk);
ISBN978-1-118-26244-3(ebk);ISBN978-1-118-23749-6(ebk)
1.Foreignexchangemarket. 2.Foreignexchangefutures. 3.Speculation.
I.Peters,Walter,1973- II.Title.
HG3821.N452012
332.4(cid:3)5–dc23
2011043306
PrintedintheUnitedStatesofAmerica
10 9 8 7 6 5 4 3 2 1
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For all gun traders as well as those rude and
cute possums of the world.
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Contents
Foreword ix
Preface xi
Acknowledgments xiii
PART ONE Naked Forex Trading Revealed
CHAPTER 1 The Fundamentals of Forex Trading 3
CHAPTER 2 Avoiding a Trading Tragedy 9
CHAPTER 3 Back-Testing Your System 25
CHAPTER 4 Identifying Support and Resistance
Zones 39
PART TWO Naked-Trading Methodology
CHAPTER 5 The Last Kiss 73
CHAPTER 6 The Big Shadow 95
CHAPTER 7 Wammies and Moolahs 111
CHAPTER 8 Kangaroo Tails 131
CHAPTER 9 The Big Belt 151
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viii CONTENTS
CHAPTER 10 The Trendy Kangaroo 163
CHAPTER 11 Exiting the Trade 177
PART THREE Trading Psychology
CHAPTER 12 The Forex Cycle 203
CHAPTER 13 Creating Your Trading System 209
CHAPTER 14 Becoming an Expert 229
CHAPTER 15 Gaining Confidence 239
CHAPTER 16 Managing Risk 249
About the Trading Software and Video Tutorial 261
About the Authors 263
Index 265