Trading In The Buff - Is It A Scam
Trading In The Buff is a new course developed by John Templeton. Its main focus is to teach people how to trade using solely price action techniques. It's main goal is to teach traders how to trade without indicators by just using basic price charts, just as bar charts. The name Trading In The Buff is based on this concept, otherwise known as "trading naked".
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.
But that isn't the case with Trading In The Buff. There is nothing in the material that I have seen any where else. You can tell that the developer really created this idea, instead of copycatting somebody else's system. There was real in-depth analysis. The course is gone over in incredible detail. The developer, John Templeton really emphasizes every point as he wants to make sure everybody can understand it.
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.
Another thing I like about the course is how simple it is. I find that many forex trading methods are almost purposely complicated. For example, take a look at Eliot Waves. On the other hand, though there are many trading methods that are so simple, it's almost insulting, like moving average crossovers. Trading In The Buff fall somewhere right in the middle. It's simple, but it also provide a lot of depth, which is a lot more than I can say for most courses.
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.
But when it comes down to it, what's the most important thing? Does it work? I can safely say that it does. As someone who has spent most of his trading career fiddling with indicators, I was amazed to what can be seen by just looking at price action and movement. The only kind of patterns I was familiar with were the same generic patterns that we all know like double tops, double bottoms, etc.... But price action is much more than that. Now, I can't look at a chart without noticing that. - 23208
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.
But that isn't the case with Trading In The Buff. There is nothing in the material that I have seen any where else. You can tell that the developer really created this idea, instead of copycatting somebody else's system. There was real in-depth analysis. The course is gone over in incredible detail. The developer, John Templeton really emphasizes every point as he wants to make sure everybody can understand it.
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.
Another thing I like about the course is how simple it is. I find that many forex trading methods are almost purposely complicated. For example, take a look at Eliot Waves. On the other hand, though there are many trading methods that are so simple, it's almost insulting, like moving average crossovers. Trading In The Buff fall somewhere right in the middle. It's simple, but it also provide a lot of depth, which is a lot more than I can say for most courses.
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.
But when it comes down to it, what's the most important thing? Does it work? I can safely say that it does. As someone who has spent most of his trading career fiddling with indicators, I was amazed to what can be seen by just looking at price action and movement. The only kind of patterns I was familiar with were the same generic patterns that we all know like double tops, double bottoms, etc.... But price action is much more than that. Now, I can't look at a chart without noticing that. - 23208
posted by X - Men @ 1:50 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home