Tramline Trading: A Practical Guide to Swing Trading with Tramlines, Elliott Waves and Fibonacci Levels
$15.80
| Author(s) | |
|---|---|
| Format |
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| Pages |
236 |
| Published Date |
2014 |
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.
Author’s Note:
The book is divided into three parts: In Part I, I develop the tramline trading method in the first chapter with sections on support and resistance and how to find them on any chart. And there is a section on trendlines, which is the basis of my method. Then I describe my favourite chart patterns that help me fix my trades. In the second chapter, I explain how I use my tramline techniques to find high-probability/low-risk trades and how to manage the trades with correct stop-loss placement.
In Part II, I explain how you can apply my method with practical tips and ideas incorporating basic elements from Fibonacci and Elliott Wave Theory. I appreciate many traders find Elliott Wave Theory difficult to understand –identification of the waves and sub-waves can seem arbitrary. That is why I only use the very basic concepts of EW theory in my work. I believe that just a mastery of these basics will pay handsome dividends. This part also contains practical ideas for overcoming problems we typically encounter in real-life trading. One of the most important chapters in the book is Chapter Four, where I outline my five best trading setups.
Finally, in Part III, I relate my day-by-day diary of two trading campaigns where I outline my analysis in real time and give the results; win, lose or draw. I hope this section will be particularly useful in showing how I set up real trades and how I manage them in the heat of the battle. I find that for most traders, trade management is the most difficult discipline to master. It is said that getting into a trade is easy, it is the getting out that is more difficult – that is where my tramline method pays dividends.
Contents:
- The Tramline Trading Method
- How To Trade The Tramline Method
- My Trading Diary
Tramline Trading: A Practical Guide to Swing Trading with Tramlines, Elliott Waves and Fibonacci Levels By John Burford pdf
18 reviews for Tramline Trading: A Practical Guide to Swing Trading with Tramlines, Elliott Waves and Fibonacci Levels
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Mia Bernal (verified owner) –
Interesting book
Cillian Jenkins (verified owner) –
Fantastic book
Vincent Reynolds (verified owner) –
Excellent book, well written and easy to understand.
Joe Davis (verified owner) –
Amazing. Simple but brilliant.
Annie Stephenson (verified owner) –
An excellent, well written and comprehensive explanation of the author’s Swing Trading strategy.
Tadeo Roth (verified owner) –
A very clear and easily understood method.
Marlon Coleman (verified owner) –
Informative
Ahmir Hunt (verified owner) –
Well worth a read. The more insight you gain, the better chance you have of ‘winning’.
Rylee Moyer (verified owner) –
useful read
Oakleigh Ware (verified owner) –
A great book, recommended by a friend and well worth a read, John’s tramline stragegies are very easy to understand for the next level above beginer status.
Eithan Tanner (verified owner) –
There’s a lot of excellent, detailed content in this book as you might expect from an author with a PhD in Physics who previously worked for NASA in the Manned Mars Exploration team. I’d put it alongside ‘Attacking Currency Trends’ which is perhaps rather better known, with a broadly similar approach and a strong reliance on fibonacci trading.
Javier McMillan (verified owner) –
The author has the sound background of trading in channels. But he has totally technical approach to trading and ignore the fundamental aspect of trading. If you don’t want to buy his book then please watch his free You Tube videos where you will learn more about trading in channels than buying the book.
Isabelle Jarvis (verified owner) –
I recently purchased this book and I have read it cover to cover a couple of times already. What I most valued was the trading diary section at the end which gives you a ‘blow by blow’ account of several of John’s campaigns; this really helped to put things in to context for me and show how the methodology could be put in to practice. Well worth investing in.
Annalise Maldonado (verified owner) –
Good explanation, if you understand basics, maybe not a good introduction. BUT JOHN BURFORD IS MY IDOL. AWESOME
Harmoni Reynolds (verified owner) –
If you are interested in trading and want to take a serious look at how it is done, then this is the book for you!
A fabulous and easy read. Well written with many aspects explained in depth. The book assumes that you have basic knowledge
of spread betting but explains the “system” in depth. If you are new to the markets, try this out on a demo account as it does take
a little while to get the hang of it.
An excellent book that is worth every penny that it costs. A great starting point for the beginner and a useful guide to the more
advanced spread bettor.
Izaiah Doyle (verified owner) –
Personally I found this text helpful because I heavily rely on “tramlines” already. It helped hone in my strategy and I learned a ton of nifty tricks including momentum divergence.
If you’re not familiar with CFD order terms or elliott wave theory I’d suggest brushing up on that those topics first.
Overall I’d recommend this to anyone looking to simply their strategy.
Julia Spence (verified owner) –
Helpful for precise use of trendlines and additional strategy and techniques regarding trendlines, etc. Best for a newish to intermediate price action trader
Genevieve Schroeder (verified owner) –
This book, has lots of clear color charts. All through the book. His teaching on Elliot waves is very good, and practical. He also does the same with Fibonacci. I tend to disagree (as do Andrew Aziz and others) with diagonal tramlines, but you can simply draw in horizontal lines of support and resistance on the charts–they are there. I decided to change my overall to 5 stars because he insists on seeking double verification for a change in a trend. Really practical, and useful. If you dig through this book and read it and study it, you will be rewarded with some improved trading skills. The Elliot wave, in its simple form, as explained in the book, can often help you predict the short term future and that can save you a lot in the long run. I used it today to avoid getting out of a trade, knowing it would turn up. It did.