Trading In The Buff
This articles is about a new forex course that has garnered a lot of attention lately. It is called Trading In The Buff. The idea behind the course is to teach traders about the concepts of price action. He teaches the method by recommending to all traders that they should get rid of their indicators that they are used to using when trading the forex market.
He teaches how price action can be used to identify the trends and countertrends of the market, how to be able to spot true support and resistance areas, where to identify the safest places to enter or exit a trade, and how to be able to predict future price movements. What I really enjoyed about the course is that this was all original material, which is a lot more than you can say about other trading courses that are available to the public. Most of them seem to just rehash the same information over and over again.
Thankfully this is not the case with the Trading In The Buff Course. Quite frankly, everything that I was taught was completely new to me. You can really tell that John Templeton really took the time to create something all of his own, instead of just stealing some generic trading system. He really took his time to provide an in-depth analysis of price action, as he goes through the course with incredible detail. He wants to make sure that his customers really understand every point that he is trying to teach.
The entire course is presented in an orderly, step by step manner. After all the chapters in the book are read, there is a corresponding video which you watch that delves deeper into the concepts of the respective chapter. It' also very unique in that you also get to learn about the fundamentals. I think the problem with some price action methods, its that many traders can't really explain to others why exactly it works. To give you an example, look at trading candlestick patterns. In this case, you are really just memorizing. You memorize patterns like dojis, but you don't really understand the underlying reason of why it works.
Trading In The Buff actually explains the underlying reasons why the material works. For example, it explains in pure simple terms why there is are certain areas where you will find key support and resistance, as well as how a trend, (and even more importantly a counter-trend) can be spotted.
It's also quite simple. Many forex trading methods fall into the categories of really complex, such as trading with Elliot Waves, or so simple that they just don't have any depth, such as trading stochastic crosses. Trading In The Buff is a perfect mixture of that. Once you get the hang if it, its really simple to trade, but there is a lot of depth. In fact, I think you'll pick up something new almost every trading day.
Another trait that I enjoyed about the course is the excellent support I received. When I was first going over the course, there a concept in the course that I couldn't quite grasp. So I emailed support about it. I was expecting the usual 2-3 business days that you get from most companies. But amazingly, i got a response within hours, and eve more amazingly, I got a response from the actual creator of the course, John Templeton.
Finally, the course just works, and after all, isn't that all that matters? As a person who has traded indicators for most of his trading career, I never really delved that deep into technical analysis, but it's amazing what you can find by just looking at the price movement. All I really knew were the generic patterns that everybody else does, like head and shoulders, double tops, etc... But there is so much more to price action than that. It's really easy once you open your eyes to the possibilities. - 23204
He teaches how price action can be used to identify the trends and countertrends of the market, how to be able to spot true support and resistance areas, where to identify the safest places to enter or exit a trade, and how to be able to predict future price movements. What I really enjoyed about the course is that this was all original material, which is a lot more than you can say about other trading courses that are available to the public. Most of them seem to just rehash the same information over and over again.
Thankfully this is not the case with the Trading In The Buff Course. Quite frankly, everything that I was taught was completely new to me. You can really tell that John Templeton really took the time to create something all of his own, instead of just stealing some generic trading system. He really took his time to provide an in-depth analysis of price action, as he goes through the course with incredible detail. He wants to make sure that his customers really understand every point that he is trying to teach.
The entire course is presented in an orderly, step by step manner. After all the chapters in the book are read, there is a corresponding video which you watch that delves deeper into the concepts of the respective chapter. It' also very unique in that you also get to learn about the fundamentals. I think the problem with some price action methods, its that many traders can't really explain to others why exactly it works. To give you an example, look at trading candlestick patterns. In this case, you are really just memorizing. You memorize patterns like dojis, but you don't really understand the underlying reason of why it works.
Trading In The Buff actually explains the underlying reasons why the material works. For example, it explains in pure simple terms why there is are certain areas where you will find key support and resistance, as well as how a trend, (and even more importantly a counter-trend) can be spotted.
It's also quite simple. Many forex trading methods fall into the categories of really complex, such as trading with Elliot Waves, or so simple that they just don't have any depth, such as trading stochastic crosses. Trading In The Buff is a perfect mixture of that. Once you get the hang if it, its really simple to trade, but there is a lot of depth. In fact, I think you'll pick up something new almost every trading day.
Another trait that I enjoyed about the course is the excellent support I received. When I was first going over the course, there a concept in the course that I couldn't quite grasp. So I emailed support about it. I was expecting the usual 2-3 business days that you get from most companies. But amazingly, i got a response within hours, and eve more amazingly, I got a response from the actual creator of the course, John Templeton.
Finally, the course just works, and after all, isn't that all that matters? As a person who has traded indicators for most of his trading career, I never really delved that deep into technical analysis, but it's amazing what you can find by just looking at the price movement. All I really knew were the generic patterns that everybody else does, like head and shoulders, double tops, etc... But there is so much more to price action than that. It's really easy once you open your eyes to the possibilities. - 23204
posted by X - Men @ 1:31 AM
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