Tramline Trading\_ A practical guide to swing trading with tramlines, Elliott Waves and Fibonnaci Levels

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. Table of Contents......Page 2 Publishing details......Page 5 Follow us, add us, like us......Page 6 The Tramline Trading Alert Service......Page 7 About the author......Page 8 Acknowledgements......Page 9 Preface......Page 11 Introduction......Page 15 Part 1: The Tramline Trading Method......Page 18 Chapter 1: My Charting Methods......Page 19 1.1 Support and resistance......Page 20 1.2 Trendlines......Page 41 1.3 My favourite chart patterns......Page 46 1.4 Momentum......Page 67 Chapter 2: Charting With Tramlines......Page 70 2.1 Drawing tramlines and the Tramline Trading Rule......Page 71 2.2 How to find the best tramlines......Page 74 2.3 The Prior Pivot Point (PPP)......Page 77 2.4 Will the market change trend at a tramline?......Page 80 2.5 Tramline trios......Page 83 2.6 Setting protective stops with tramlines......Page 85 2.7 When tramlines cross over – the Chinese hat......Page 88 2.8 Using the third tramline to set a price target......Page 90 Summary......Page 92 Part 2: How To Trade The Tramline Method......Page 93 Chapter 3: Trading With Tramlines, Fibonacci and Elliott Waves......Page 94 3.1 The Tramline Trading Rules......Page 95 3.2 Trading the tramline break......Page 98 3.3 Trading the head fake......Page 102 3.4 Trading the wedge......Page 105 3.5 Trading the “V”......Page 114 3.6 Trading the kiss and scalded cat bounce......Page 117 3.7 How to use Fibonacci levels......Page 120 3.8 Using basic Elliott Wave Theory concepts......Page 124 3.9 Context is key......Page 131 Summary......Page 135 Chapter 4: My Five Best Trade Setups......Page 136 4.1 The A-B-C setup......Page 137 4.2 The tramline break and kiss......Page 146 4.3 The Fibonacci 62% retrace......Page 158 4.4 The tramline bounce......Page 161 4.5 The third wave......Page 164 Summary......Page 166 Part 3: My Trading Diary......Page 167 Introduction to my trading campaigns in gold and the Dow......Page 168 The Gold Campaign......Page 169 The Dow Campaign......Page 198 My Eleven Commandments......Page 225 Resources......Page 229 Add to your Harriman House trading library......Page 234 Diary of a Currency Trader......Page 235 Supertiming: The Unique Elliott Wave System......Page 236 Annotation 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. This book shows you precisely how to do this