Tramline Trading
A practical guide to swing trading with tramlines, Elliott Waves and Fibonacci levels
By John Burford
Tramline Trading
A practical guide to swing trading with tramlines, Elliott Waves and Fibonacci levels
By John Burford
Jacket text
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.
About the author
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.
Reviews
“Tramline Trading is the best book I have read to date in some 25 years of reading up on the subject.”
“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.”
Media coverage
From Interactive Investor:
In these weekly articles, I will highlight a share that I believe has an interesting chart pattern. I am primarily a technical trader and use the methods I have developed that I call Tramline Trading. You can read more about my methods in my book Tramline Trading, which you can inspect here. Most traders and… Read more »
From Interactive Investor:
In these weekly articles, I will highlight a share that I believe has an interesting chart pattern. I am primarily a technical trader and use the methods I have developed that I call Tramline Trading. You can read more about my methods in my book Tramline Trading, which you can inspect here. Most traders and… Read more »
From Interactive Investor:
In these articles, I will highlight a share that I believe has an interesting chart pattern. I am primarily a technical trader and use the methods I have developed that I call Tramline Trading. You can read more about my methods in my book Tramline Trading, which you can inspect here. Most traders and investors… Read more »
From Elliott Wave Int'l Newsletter:
[Recommendation posted in September newsletter from Robert Prechter of Elliottwave International] John Burford, PhD (physics) and former CTA, left NASA to pursue a career in financial markets. He has written a new book, Tramline Trading-A Practical Guide to Swing Trading with Tramlines, Elliott Waves and Fibonacci Levels. Burford focuses primarily on one of the most… Read more »
From Spreadbet Magazine:
A review by Zak Mir It may be stated that one of the things that the world has in ample supply are books on trading. Only Ebola, career politicians, speed cameras / traffic wardens and taxes (not necessarily in that order) are possibly more unwelcome. But at least as an antidote to the oversupply in… Read more »
From TradersDayTrading.com:
A real-life example of how Tramline Trading Forex works in a real time example trade in AUD/JPY. Guest post by John Burford, author of “Tramline Trading, A practical guide to swing trading with tramlines, Elliott Waves and Fibonacci levels”. *** Tramline Trading Forex I wrote my new book for those traders who wish to learn… Read more »
Contents
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
| Published: | 14/07/2014 |
|---|---|
| Edition: | 1st |
| Pages: | 200 |
| Formats: | paperback - ISBN 9780857193957 ebook - ISBN 9780857194343 |
If you’d like to get in touch with the author for interview or comment, or you’d like a review copy of this book, please contact us at pr@harriman-house.com or call +44 (0)1730 233870.
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