There is a new course called Trading In The Buff. It was developed by a man named John Templeton. The concept behind the course is to the educate people on how to trade the forex market just by using price action concepts. This is done by getting rid of all the indicators that most people are used to using on their charts.
The course focuses on using price action to spot trends, counter trends, support & resistance, which can be used to predict solid entry positions and the ability to forecast future price movements. The course really focuses on original material, which is a bidg departure from most of the stuff that you get online. Unfortunately with much of the stuff being sold about forex trading, there does tend be some overlapping. As a matter of fact, sometimes it’s just blatantly the same material over and over again.
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 material in Trading In The Buff is presented in steps. The way it works is you read each chapter in the book, and after you are done, there is a corresponding video which reaffirms what you have just learned in the chapter. It’s also extremely unique in that you are able to understand the reasons why price action works. With most price action techniques that isn’t the case. For example, look at traders who use candlestick formations. Most don’t really understand the underlying reasons why those formations work. All they do is memorize them.
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 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.
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.
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