How Long Is Formula Good For After You Open It A Review of John Templeton’s Trading in the Buff Forex System

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A Review of John Templeton’s Trading in the Buff Forex System

John Templeton who has been day trading forex for over half a decade and who is Trading in Buff Forex Signal System, soon discovered that all the complicated ways traders used to pick a winning forex trade only worked for him. “I was basically just an inanimate object waiting for random lines to cross and tell me to open or close a trade. Then it hit me. How can I make money trading currencies if I don’t even understand what I’m looking at?”

This is when John decided to take the bull by the horns and figure things out for himself. No more buying this or that Forex training theory. He started by listening to what all the professional traders had to say on the subject. And more than any other phrase that came out of their mouths was the phrase “price action”. John was so annoyed with himself that he could have kicked himself. “It was so obvious I couldn’t believe it.”

When it comes to trading the forex market, John understood that a trader must do one of two ways to analyze a trade: either by using fundamental analysis or by using technical analysis. Fundamental analysis takes into account all the psychological fundamentals that can affect the movement of a currency in the market. Things like the impact the monthly non-farm payrolls numbers might have, or how a rise or fall in interest rates might affect a certain currency pair.

When it comes to using technical analysis, these types of traders think that opening the indicators menu on their charting platform will somehow tell them which currency pairs to trade based on their reading of the indicators. From John’s perspective, these traders seem to think that – rather than understanding price action – following charts filled with lagging indicators like RSI, MACD and Stochastics will lead to the right trade. After years of losing deals using the same formula, John is convinced that following this path is a loser’s cause.

One of the technical indicators that most fail modern traders do not do use is price action. They are all waiting for all the other indicators to line up. For such a trader, all that matters is what their static indicators show and price becomes secondary or even irrelevant. The only flaw in using such lagging indicators is that they do not give the trader a clear picture of what the market is really like doing during a certain trading period.

For example, if you train yourself to appreciate price support and resistance levels, you will see real statistics that affect market movement. No lagging indicator will ever give you that kind of information that lasts very long. This must be seen directly from the market itself. This is what John tries to hammer home in his forex trading program Trading in Buff.

The name of his program refers to the elimination of indicator-based strategies and a return to base pricing. In other words, trading in the buff without using the theoretical indicator that many traders have been taught to base their trading habits on. Theories sound good, but they don’t always work. In short, what John learned by trading with the buff himself was that more and more of his trades became successful when he based them on these price changes.

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