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.
Templeton uses price action as a way to identify the trend of the market, so you can be sure that you are trading with the trend, and not against it. He also teaches you how to spot the countertrend so you know when the market is making a u-turn. He also talks about how to enter the market at its safest place, and how you can use this information to predict future price movement. There was a fountain of original information in the course, which makes it a great departure from a lot of the stuff that is being sold online. Most of those courses just give you the same generic information you are used to.
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.
One more trait that I really enjoy from the course is that it's also simple. I think you'll find many trading methods that are extremely complicated (i.e. Eliot Waves). On the other end of the spectrum, there are methods that are so simple that they provide absolutely no depth (i.e. moving average crossovers). Trading In The Buff has the perfect blend of simplicity along with depth.
Another thing its got going for them is their amazing customer service. I had a small problem understanding a particular concept about the trading method, so I emailed support about it. I was expecting the usual 2-3 business days that you get from most companies. But much to my surprise I got a detailed response within hours. Not only that, but I got a response from the creator, John Templeton, not somebody in his staff.
And lastly it just works. Let's face it. That's what it all comes down to, doesn't it? Being a person who has traded indicators for most of his life, I never really gave much thought to what can be found simply by looking at the price. Except for recognizing generic patterns like head and shoulder, double tops and double bottoms, etc.. But I was really stunned as to all the valuable information that was available to me just by looking at a simple bar chart. Now I can't even look at a chart and not notice it. My eyes automatically can scan the price movement and find great entries and exits. - 22871
Templeton uses price action as a way to identify the trend of the market, so you can be sure that you are trading with the trend, and not against it. He also teaches you how to spot the countertrend so you know when the market is making a u-turn. He also talks about how to enter the market at its safest place, and how you can use this information to predict future price movement. There was a fountain of original information in the course, which makes it a great departure from a lot of the stuff that is being sold online. Most of those courses just give you the same generic information you are used to.
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.
One more trait that I really enjoy from the course is that it's also simple. I think you'll find many trading methods that are extremely complicated (i.e. Eliot Waves). On the other end of the spectrum, there are methods that are so simple that they provide absolutely no depth (i.e. moving average crossovers). Trading In The Buff has the perfect blend of simplicity along with depth.
Another thing its got going for them is their amazing customer service. I had a small problem understanding a particular concept about the trading method, so I emailed support about it. I was expecting the usual 2-3 business days that you get from most companies. But much to my surprise I got a detailed response within hours. Not only that, but I got a response from the creator, John Templeton, not somebody in his staff.
And lastly it just works. Let's face it. That's what it all comes down to, doesn't it? Being a person who has traded indicators for most of his life, I never really gave much thought to what can be found simply by looking at the price. Except for recognizing generic patterns like head and shoulder, double tops and double bottoms, etc.. But I was really stunned as to all the valuable information that was available to me just by looking at a simple bar chart. Now I can't even look at a chart and not notice it. My eyes automatically can scan the price movement and find great entries and exits. - 22871
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