In Naked Time - Part 1 it was shown how using simple Fibonacci bar counts combined with trend lines can provide optimal timing for low risk entries.  In this episode, a new series of counts will be added to try and find more entries.  The plan is still to wait for time and price to converge at support or resistence.  This may mean missing some moves but lost opportunity is preferable to lost capital.

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There is a beauty in naked. Actually, I prefer to use the word “nude”. To me, naked is awkward like someone walking in on you bent over pulling your undies up or your toddler running into the family room of relatives when he’s feeling the freedom of being “nakie” whereas artists draw or sculpt nudes. Just a quark. But to the back to the point. The beauty that a chart devoid of squiggly lines can tell more about where and when price is going than any fancy optimized, no lag, oscillator has always been an attraction for me.

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There are usually two reasons for trading, either you have a destructive want for excitement, fame, money and (rarely) glory, or you are looking for a life where money is not an issue and where time is determined by you rather than your job. Personally, I am all about the latter, I am programmer by trade, the last thing I need from a career move would be more time in front of a computer screen, developing scorched retinas and a callused posteria.

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