This Post is John Templeton’s Trading In The Buff Review – Click below If You’re looking for:

So What’s Trading In The Buff?

Trading In The Buff is a trading course created by John Templeton. The course is setup to give traders a step-by-step tutorial on what its like to trade naked, as in without any indicators. You really solely on price action.

The course strives to show traders how to spot natural support and resistance areas on a simple bar chart, as well as using price action patterns to predict future price movement.

The material on the course is meant to be used either in the traditional long term, and can also be used in the short term as a scalping method. where you buy and sell many times during the day.

The goal that John Templeton wants for every trader who purchases the course is to be able to trade the market without using any kind of indicator.

Trading In The Buff – The Pros

  • 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 Service – 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.

Trading In The Buff – The Cons

  • 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.

Is John Templeton’s Trading in the Buff Scam?

Does John Templeton’s Trading in the Buff Forex System Really Work? The question posed in the headline to this article ought really to be turned around and asked: Did John Templeton’s formula (of using price action to determine a successful currency trade) ever fail consistently? And the answer is: No. It hasn’t. Not in all the years since there have been markets to trade in. In fact, it is what many, if not most, successful professional forex traders use as their main guideline for finding successful trading opportunities.

According to John, if you are looking for a trading robot (also known as “Expert Advisors” or EAs) to help you trade the forex market, you are barking up the wrong tree when it comes to finding profitable trades. “The trading markets are way too complicated to let a robot do the trading for you.” There are just too many variables that can come into play for any self respecting forex trader to allow a robot to do the trading for him. Besides that, it just doesn’t make any sense, at least with the data that most of these robots are being programmed to gather and decipher. In other words, the data they are considering and deciphering is not always actionable data.

And what about those who trade using “special indicators?” Special indicators are interesting in theory; and they certainly make an intriguing selling point for those who sell forex trading strategies based on using these indicators. However, they only tell you what has already happened. They show a trend already half way through its life cycle. But they certainly aren’t able to predict where the market is likely to go for very much longer. And by the time you enter your trade using these indicators, you’ve already lost half the profit you might have made. So, what good is that!

Let’s examine an indicator like stochastics. According to the so-called “experts,” this indicator is meant to show you when the market is oversold or overbought. But how does this apply to the forex market, where what you are buying is one currency as against another and not a product oriented stock competing against similar product oriented stocks? As John asks: “Just because this indicator is telling you that a currency is overbought or oversold, does that really mean that it’s time to buy or sell?” The currency market is a different animal from traditional commodity or product oriented stock investments.

John sees himself as being a technical trader who is laser-beam focused on price action, which is why he decries all these gimmicky theorems for investing in the foreign currency market. “Once traders can get rid of this kind of mindset, and start focusing on what’s important for a technical trader, which is price movement, then you can start to call yourself a trader.” Finding profit potential trades based on price movement or price action is what John’s educational material Trading in the Buff teaches.

And he is not just making a pitch for his forex trading product; he is speaking from experience: “When I first started trading forex, I had to take my lumps, just like anybody else. I bought one gadget after another. And after all that, it became obvious to me. No gadget is going to do the work for me. I wasn’t going to be able to push a button and become a millionaire.”

Instead, he hunkered down and began studying the only forex trade signals he needed to give him a heads up as to what currency pairs to invest in: price movement. Which currencies you invest in varies depending on the conditions of the market, which are always in a state of flux. Market conditions are going to change depending on whether it’s a ranging market or a trending market. But you have to be able to look at the bare statistics and know what you are looking at in order to be able to tell what is happening in the current moment.

Fashionable forex trading systems will come and go, just like any other trading fad. Yet, if you really want to make money trading on the currency exchange market, you’d better pay attention to the basics. And that means watching price action and the fundamentals that move price action. That’s where the actionable data is at.

Conclusion

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.

Click Here to Visit Trading In The Buff Official Site