Naked Forex: High-Probability Techniques for Trading Without Indicators

Naked Forex: High-Probability Techniques for Trading Without Indicators by Alex Nekritin and Dr. Walter Peters is a groundbreaking book that strips away the clutter of technical indicators to reveal the raw power of price action trading. In a financial world dominated by complicated algorithms and colorful oscillators, this book challenges the myth that successful trading requires complexity. Instead, the authors show how to trade profitably using nothing but clean price charts—what they call “naked trading.”

The book begins by dismantling common trading misconceptions: that success depends on indicators, that trading must be complex, and that the system alone determines profitability. Nekritin and Peters argue that real consistency comes from understanding market psychology, managing risk, and aligning trading systems with your personality.

The second section introduces simple yet powerful naked trading strategies. Readers will discover setups like The Last Kiss, The Big Shadow, Wammies and Moolahs, Kangaroo Tails, and The Big Belt—all of which provide high-probability entries and exits by focusing on price behavior around support and resistance zones.

Finally, the authors dive into trading psychology and risk management, emphasizing the “Cycle of Doom” that traps many traders and offering practical solutions for building confidence, creating personal trading systems, and mastering discipline.

Filled with real chart examples, step-by-step trading plans, and insights from professional traders, Naked Forex is an essential guide for those ready to leave behind indicator overload and trade with clarity and confidence.

✅ What You’ll Learn:

• Why most traders fail—and how to avoid the “Cycle of Doom.”
• How to trade successfully without relying on technical indicators.
• The psychology behind price action and why markets have “memory.”
• How to identify support and resistance zones with precision.
• Step-by-step strategies: Last Kiss, Big Shadow, Wammies, Moolahs, Kangaroo Tails, Big Belt, and Trendy Kangaroo setups.
• Methods for manual back-testing to evaluate system performance.
• How to create your own trading system that fits your personality and risk tolerance.
• Practical guidance on trade entries, exits, and stop placement.
• Tools for developing mental discipline, confidence, and consistency.

💡 Key Benefits:

• Trade with clarity by focusing only on price action, not lagging indicators.
• Apply simple yet powerful setups designed for forex and adaptable to other markets.
• Build the confidence to become a self-sufficient, professional trader.
• Learn to recognize market scars—areas where price action reveals hidden order flow.
• Gain insights into trading psychology and how to overcome destructive habits.
• Improve profitability by combining high-probability setups with strong risk management.

👤 Who This Book Is For:

• Traders overwhelmed by too many indicators who want a clean, simplified approach.
• Forex traders seeking high-probability, rule-based systems.
• Swing traders and day traders looking to refine entries and exits using price action.
• Intermediate and advanced traders ready to master the psychological edge in trading.
• Beginners who want to avoid common pitfalls and learn the truth about trading success.

📚 Table of Contents:

Part One: Naked Forex Trading Revealed

• Chapter 1: The Fundamentals of Forex Trading
• Chapter 2: Avoiding a Trading Tragedy
• Chapter 3: Back-Testing Your System
• Chapter 4: Identifying Support and Resistance Zones

Part Two: Naked-Trading Methodology

• Chapter 5: The Last Kiss
• Chapter 6: The Big Shadow
• Chapter 7: Wammies and Moolahs
• Chapter 8: Kangaroo Tails
• Chapter 9: The Big Belt
• Chapter 10: The Trendy Kangaroo
• Chapter 11: Exiting the Trade

Part Three: Trading Psychology

• Chapter 12: The Forex Cycle
• Chapter 13: Creating Your Trading System
• Chapter 14: Becoming an Expert
• Chapter 15: Gaining Confidence
• Chapter 16: Managing Risk