Naked K trading refers to a trading pattern in which transactions are determined by a streamlined or "naked" price chart.
There are not too many technical indicators in the naked K trading model. It only relies on pure candle charts, and uses the pressure/support positions and trends in the candle charts to judge the timing of buying or selling.
If you are not very familiar with the market and are still obsessed with finding the so-called Holy Grail of trading, constantly trading short time frames, using various technical indicators, and searching on various trading forums If you don't know the "perfect" trading strategy, etc., then you must stop and understand price action trading, which is also commonly known as naked K trading. Naked K trading refers to a trading pattern in which trades are determined by a stripped-down or "bare" price chart. There are not too many technical indicators in this trading model, and it relies only on pure candle charts, and uses the pressure/support positions and trends in the candle charts to judge the timing of buying or selling.
In naked K trading, trading volume must be looked at. Without trading volume, looking at naked K is useless. Due to its special components, the k-line is of course referred to as bare k-line, and the composition of the k-line will not be introduced. Several K-lines formed a trend. Generally divided into three types, rising, consolidating and falling.
No matter what the trend is, there is a top and bottom. In the long and short battle, the results of the long and short sides are expressed by the K-line, and then the top and bottom appear, that is, the long and short sides battle after a period of time. As a result, one side wins and the other loses. Often, one side continues to attack after the victory, and the other side quickly organizes a counterattack, which is the short-term band.
The turtle trading rule is a typical naked K trading method. Its specific method of use is: enter the market after breaking through the highest point of the last 20 K lines. What is used here is the highest price of the K line. Exit when it falls below the 10-day low. What is used here is the lowest price of the K-line. Don't underestimate the various data of the K-line itself. By making good use of the various data of the K-line, you can actually construct a variety of trading methods. However, this itself places certain requirements on traders’ trading knowledge. Because the simpler the trading method, the greater the test for traders.