Trading In The Buff - Trading Price Action

Trading In The Buff is a new course developed by John Templeton. Its main focus is to teach people how to learn forex 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".

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 consists of a 40+ page ebook along with 8 videos covering more than 1 hours worth of video footage giving examples on the coursework.

Original Material - 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.

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 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.

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 starts (for example) work. All you are really doing is waiting for that particular pattern and trading it.

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 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, itss 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.

Excellent Customer Serivce - I had a problem grasping one of the concepts of the course and I emailed support about it, and as a suprise 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. 

It 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 likie 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.

Doesn't Go Over Basic Information - Unlike most courses, it doesn't go over the basics of forex trading, such as what is a pip, the different kinds of orders, etc..... So if you're completely brand new to trading, and you don't know the simple basics, then you might want to get yourself educated on that, first.

The Book Is A Bit Short - I think a lot of this has to do with the previous con, in that the book doesn't go over the basics. It really delves into the material without wasting any time, and keeps it short and sweet. But if you take into account how much filler is in most forex books, then it doesn't really seem that short.  Also, the videos are where the real gold is.  It would be real tricky to understand the method without the videos.

Is A Little More Discretionary - Unfortunately, when it comes to the trading public, most people want something to trade that is completely mechanical, and requires no discretionary thinking, so pretty much a robot can trade it. Trading In The Buff is not like that. To be honest, almost any kind of trading with price action requires some discretion. Some may see this as a fault, but if you are a student of trading you'll realize that discretion is a necessary part of having success with trading.

I can't say enough nice things about Trading In The Buff. I'm not going to say its the holy grail, because frankly I don't believe that exists. But as far as providing real value, I think the course is top notch, and is a must have for anybody who is seriously thinking about trading with a price action.