I’ve recently started reading Naked Forex by Alex Nekritin and Walter Peters. I don’t hate it, but I just feel like there is something off with it. The setups he describes are pretty much regular patterns with small twists. Take the wammies and moolah for example, two creative terms used to describe a double top and a double bottom pattern, with the difference being that they are sloping upwards or downwards. The “Big Shadow” is pretty much an engulfer pattern.
Also, the book takes way too much to describe its concepts. The author repeats itself way too much and advertises his websites at the end of each chapter.
Despite my feelings towards the book, I can’t really find anyone bashing it or anything of the sort. What do you guys think about it?
I don’t disagree.
I don’t hate it, either.
It’s not quite in the same league as Brooks, Volman, Ross, Beggs and maybe other price action authors. And it’s better than a lot of online “information” which is basically rubbish.
It does its job of popularizing “price action”, and that’s a good thing, overall?
I’m glad it exists because I think quite a few people are willing to read it who (for whatever reasons) aren’t willing to read Volman and especially Brooks. (And much better Naked Forex than nothing.)
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I’ve tried reading one of Brooks’ books, but the way he explains things just does not resonate with me. I am either stupid, or he is not very good at phrasing his ideas. I should give it another go.
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I think he’s not good at communicating his ideas. Which is a shame, because they’re great ideas and most of them not covered by anyone else at all. You’re not alone, and the fault isn’t yours!
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