Friday, January 9, 2009

Trading In The Buff

Spitting in the face of all the other indicator driven trading systems is Trading In The Buff. It's a funny title, but it's a reference to trading naked. This is essentially means trading without indicators. The course is created by John Templeton.

As a person that has never traded without the aide of indicators, I was obviously intrigued. I have always heard of certain traders being able to trade without indicators, but I've never actually seen it live.

I purchased the course about 2 weeks ago, and i have been very happy with the results so far. Granted I haven't made that many trades, but so far I haven't had any losses.

The very best thing that I got out of the course is learning how to trade with the trend. I know it may seem strange but even though I have heard the term "trade with the trend" a million times, I never actually learned how to spot the trend. Come to think of it, I don't remember ever using a trading system that involved "spotting" the trend.

But Trading In The Buff really puts it into perspective. Templeton shows a couple of different ways on how to spot the trend so you can make sure you know you are always going to be trading with it.

One of the ways was so simple, I could have smacked myself over for not being able to figure it out. It was just really common sense, but I doubt there are that many traders that know about it.

The other way was using what he called a top-down perspective, so you can spot the trend by taking larger time frames and comparing them to the shorter time frames.

It really is amazing to see how well your chances of a successful trade increases once you trade with the trend.

The course is very well prepared. I honestly expected it to be bigger, but I really liked it. It seems like whenever I have bought a trading course before, there is a lot of filler, which doesn't provide any useful information, but makes the book larger.

That wasn't the case with Trading In The Buff. Everything was to the point, and it was really refreshing to see.

All in all, I would recommend the course to anybody who is looking to trade from a completely different perspective. It's a unique and original take on trading, that should help out a lot of traders.

1 comment:

  1. I agree with you 100%. I purchased the course, and I am so happy that I did. It's very unique and unlike anything else I have purchased.

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