Trading naked means trading clean charts without applying any technical indicator. A clean chart can prove helpful, however, it requires a precise calculation of price zones. These zones are general areas of support and resistance where the price is expected to consolidate, or even reverse.
CVD (Cumulative Volume Delta) Indicator
CVD is a powerful volume-based indicator that can show the cumulative volume changes based on buy/sell aggressors, for a specific period. You can combine CVD indications with other TA tools to generate reliable entries in the market.
The Importance and Predictive Ability of Trading Volume
Volume is a piece of key information that is commonly underestimated by most market participants. Generally, price action and volume should move in perfect harmony. Any divergence between price action and volume can be an early indication of unpredictable market conditions. For example, a key trend reversal or a key price breakout should always be confirmed by significant volume. If a price breakout isn’t confirmed by significant volume, it may not last. Additionally, the creation of a market top or bottom should also be confirmed by significantly increased volume. If the price tops with moderate volume, the market is probably found in a re-accumulation phase, not in a distribution phase.
Wyckoff argued that if price action and volume are found in perfect harmony, there is an already established price trend and there is a high probability that this trend will continue. However, if price action and volume are found in random order, there is a high probability that the trend will consolidate, or even reverse. This is why volume matters a lot and volume-based indicators such as CVD can prove useful in confirming any bull/bear thesis.
The Platinum Sequence of Numbers in Financial Trading
This analysis reveals a valuable numerical sequence for trading the global financial markets. The sequence is based on a combination of Fibonacci numbers, Prime numbers, and Fibonacci ratios.
Starting with the Fibonacci sequence.
Read more: Trading with Fibonacci Primes -The Platinum Sequence of Numbers
The Wyckoff Trading Method -Full Tutorial
What is the Wyckoff Method?
Developed in the early 1930s by Richard Wyckoff, this method is a combination of principles and chart schematics that aim to identify the market structure and forecast power trends in the early stages. The Wyckoff method can be applied to every financial market.
Starting by the 3 fundamental Wyckoff laws, an analysis of the 4 phases of the market, detailed accumulation/distribution schematics, and finally, the 5-step method.
PriceMomentum: A New Chart Type by TradingCenter
A PriceMomentum chart enhances a common price chart with a few important features such as the intraday momentum and market volatility, to provide the opportunity for exceptional chart analysis.
Introducing the PriceMomentum Chart for the first time
PriceMomentum is created by G. Protonotarios to offer a new perspective to chart analysis. This chart type emphasizes percentage changes, rather than the price itself. In addition, it incorporates an algorithm that is designed to include market volatility and the shifts of the periodic momentum. It summarizes three main elements:
-Periodic Percentage change (%)
-Bullish/Bearish Periodic Momentum
-Volatility (as expressed by the daily range, from high to low)
Read more: PriceMomentum Chart: A New Perspective to Chart Analysis
How to Trade with the TD Sequential (Tom Demark)
What is the TD Sequential?
The TD (Tom Demark) Sequential is a powerful tool designed to identify the exact time of trend exhaustion and price reversal. It is a counter-trend tool that aims to solve the problem of several TA indicators that are profitable during trending markets but perform very poorly in ranging markets. TD Sequential can be used in any timeframe and in any market conditions. However, it is more reliable on H4 timeframes, and above.
TradingCenter provides essential information and tools for learning and trading the Global Financial Markets. TradingCenter helps investors to improve their skills and their level of understanding regarding core mechanisms of the trading process.