A straightforward, winning trading method
There are certain universal chart patterns that are traced out time and time again by markets these patterns have stood the test of time and can be instantly recognised by a skilled trader. When you learn how to spot these patterns and use them to forecast market action you have the basis of a winning trading method. Tramline Trading is a complete practical guide that shows you precisely how to do this.
The Tramline Trading Method described here is a simple and complete system which combines Fibonacci levels, basic Elliott Wave Theory and John Burford's original tramline concepts. It is based on a small number of highly reliable patterns and can be put to use in any market. Every detail of how to put the method into practice is revealed, including how to spot developing patterns for high-probability, low-risk trades, where to place entry orders and stop losses, and the five best setups to look out for. Full colour chart illustrations are used throughout.
As well as describing the method in full detail, John Burford also provides day-by-day trading diaries for four-month trading campaigns in gold and the Dow. These invaluable diaries show the mind of the trader as he surveys real-time market action and provide vital insight into how the trading method is used in real trading.
If you are looking for a proven trading method that is reliable and easy to execute then Tramline Trading will put you on the right track. It is the essential new guide to a winning trading approach.
Recenzijas
Tramline Trading is the best book I have read to date in some 25 years of reading up on the subject. -- Zak Mir The book's format is much like EWI's own Wayne Gorman and Jeff Kennedy's Visual Guide to Elliott Wave Trading and is a valuable complement to it. -- Robert Pretcher, Elliott Wave International
About the author Acknowledgements Preface Introduction Part 1 - The
Tramline Trading Method
1. My Charting Methods 1.1 Support and resistance 1.2
Trendlines 1.3 My favourite chart patterns 1.4 Momentum
2. Charting With
Tramlines 2.1 Drawing tramlines and the tramline trading rule 2.2 How to find
the best tramlines 2.3 The Prior Pivot Point (PPP) 2.4 Will the market change
trend at a tramline? 2.5 Tramline trios 2.6 Setting protective stops with
tramlines 2.7 When tramlines cross over - the Chinese hat 2.8 Using the third
tramline to set a price target Summary Part 2 - Making Tramlines Work For You
3. Trading With Tramlines, Fibonacci and Elliott Waves 3.1 The Tramline
Trading Rules 3.2 Trading the tramline break 3.3 Trading the head fake 3.4
Trading the wedge 3.5 Trading the "V" 3.6 Trading the kiss and scalded cat
bounce 3.7 How to use the Fibonacci levels 3.8 Using basic Elliott Wave
theory concepts 3.9 Context is key Summary
4. My Five Best Trade Setups 4.1
The A-B-C setup 4.2 The Tramline Break and Kiss 4.3 The 62% Fibonacci retrace
4.4 The tramline bounce 4.5 The third wave Summary Part 3 - My Trading Diary
The Gold Campaign The Dow Campaign My Eleven Commandments Resources
John trained as a physicist and holds a PhD in Physics from the University of Toronto. He worked for a time for NASA in Washington D.C. in the Manned Mars Exploration Team. After leaving, he discovered the financial markets and has been involved with them on and off for over thirty years. John was a Commodity Trading Advisor for a period at a Los Angeles commodities trading firm. He has started and sold several real businesses, and now devotes full time to training, writing, trading and consulting on the markets. John is Editor of Moneyweek Trader, an email service aimed largely at UK-based spread-betters. He also operates his personal blog at tramlinetraders.com.
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