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.
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 material is presented in a step by step manner. After every chapter, there is a video to confirm what you have you just read in the book. It's also unique because you get the ability to understand the fundamentals. The problem I feel with many price action methods is that many people can't really explain why it works. For example, with candlestick patterns, you are just memorizing, but there is no fundamental reason why shooting stars (for example) work. All you are really doing is waiting for that particular pattern and trading it.
However, you don't have to worry about that with Trading In The Buff. The course does an excellent job explaining the fundamental reasons why these price action patterns work, and most importantly why they work. It's explained in such a way that anybody can follow along. It doesn't matter if you are a newbie or a veteran trader.
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.
They also have excellent customer service. I had a problem grasping one of the concepts of the course and I emailed support about it, and as a surprise to me, I got a reply within the hour with a very well detailed answer to my question. What was even more impressive was that it came from John Templeton, himself. He actually answers his own emails. It's nice to see that, nowadays.
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. - 23223
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 material is presented in a step by step manner. After every chapter, there is a video to confirm what you have you just read in the book. It's also unique because you get the ability to understand the fundamentals. The problem I feel with many price action methods is that many people can't really explain why it works. For example, with candlestick patterns, you are just memorizing, but there is no fundamental reason why shooting stars (for example) work. All you are really doing is waiting for that particular pattern and trading it.
However, you don't have to worry about that with Trading In The Buff. The course does an excellent job explaining the fundamental reasons why these price action patterns work, and most importantly why they work. It's explained in such a way that anybody can follow along. It doesn't matter if you are a newbie or a veteran trader.
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.
They also have excellent customer service. I had a problem grasping one of the concepts of the course and I emailed support about it, and as a surprise to me, I got a reply within the hour with a very well detailed answer to my question. What was even more impressive was that it came from John Templeton, himself. He actually answers his own emails. It's nice to see that, nowadays.
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. - 23223
posted by X - Men @ 2:20 AM
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