Big Mike's Trading Blog

Day trading futures, discussing money management and trade management techniques, and more

Naked Trading

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I'm still using a 5 minute chart with nothing but an ema20 and pivots.

For my range charts, which I got back into the habit of using these last many months, I am now completely naked -- not a single indicator.





"Look ma, no indicators!"

The only indicator that has been on these range charts for months and months is my ADXVMA paintbar indicator. It sure was pretty. But also, more or less worthless in my opinion, at least with my trading method and style. It's gone now!


You can check out the Price Action thread on BMT for the method I've been primarily using the last six months or so.
Mike

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I am a full time day trader, primarily trading crude oil futures (CL). My primary trading platforms are MultiCharts and NinjaTrader. View the forum link for tens of thousands of discussions and posts.