Chapter 1: Naked Chart Trading Techniques (Audio)

This is Chapter 1: Naked Chart Trading Techniques, part of Module 2 — Advanced Chart Analysis.

In this chapter, we’ll focus on how to read charts without relying on indicators. This is called naked chart trading.

Naked chart trading means you learn to understand price action by itself. No moving averages. No RSI. Just clean candles and structure.

Why is this important? Because the market is moved by orders, emotions, and decisions—not indicators. Indicators are just tools built from past price. But if you can read price directly, you don’t need to wait for lagging signals.

We begin by focusing on the most important parts of any chart: swing highs, swing lows, and market structure.

Swing highs are points where price hits a top and pulls back. Swing lows are where price bottoms and then moves back up. When the market makes higher highs and higher lows, it’s in an uptrend. When it makes lower highs and lower lows, it’s in a downtrend.

That’s structure. And once you can spot that, you start seeing the “story” in price movement.

Next, we study how price behaves at key levels—support, resistance, and supply and demand zones.

Support is where price tends to bounce up. Resistance is where price tends to fall. These levels aren’t exact numbers. They’re zones where buyers or sellers show up.

When price breaks a key level and then retests it, this often creates great trade opportunities. These are called breakout and retest setups.

You’ll also learn how to recognize price compression and expansion. Compression is when price moves in a tight range—this builds pressure. Expansion is when that pressure is released, and price breaks out with momentum.

Smart traders learn to anticipate these moments.

We also introduce the idea of market phases. Markets move in cycles: consolidation, breakout, trend, and reversal. When you know what phase the market is in, you can choose the right strategy.

For example, during consolidation, you wait. During breakouts, you look for momentum entries. During a trend, you ride the move. At reversal zones, you become more cautious or prepare to trade the other way.

Finally, naked chart traders watch the candles themselves. They look at the shape, the wicks, the size, and where candles appear. A long wick at a key level tells you something. A strong bullish candle breaking structure tells you something else.

Every candle is a clue. And when you combine structure, key zones, and candle behavior, you don’t need much else.

This is the foundation of naked chart trading. No indicators. No clutter. Just price, time, and structure.