Tramline Trading

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John Burford. Tramline Trading

Publishing details

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The Tramline Trading Alert Service

About the author

Acknowledgements

Preface. What this book covers

Who this book is for

The structure of the book

Introduction

Chapter 1: My Charting Methods

1.1 Support and resistance

1. Horizontal support/resistance levels

Figure 1.1.1

Figure 1.1.2

Figure 1.1.3

2. Trendlines (sloping support/resistance)

Figure 1.1.4

Figure 1.1.5

Figure 1.1.6

Figure 1.1.7

Figure 1.1.8

3. Fibonacci levels as potential support/resistance

Figure 1.1.9

Figure 1.1.10

4. Chart support/resistance

Figure 1.1.11

Figure 1.1.12

Figure 1.1.13

Figure 1.1.14

Figure 1.1.15

Figure 1.1.16

Figure 1.1.17

Summary

1.2 Trendlines

Figure 1.2.1

Figure 1.2.2

Figure 1.2.3

Figure 1.2.4

1.3 My favourite chart patterns

1. Head & Shoulders (H&S)

Figure 1.3.1

Figure 1.3.2

Figure 1.3.3

Figure 1.3.4

Price target rule

Figure 1.3.5

Figure 1.3.6

2. Triangles and Wedges

Trading triangles

Figure 1.3.7

Figure 1.3.8

Figure 1.3.9

Figure 1.3.10

Trading the wedge

Figure 1.3.11

Figure 1.3.12

3. The Five-Wave Continuation

Figure 1.3.13

Figure 1.3.14

4. The Key Reversal

Figure 1.3.15

Figure 1.3.16

Figure 1.3.17

Figure 1.3.18

Summary

1.4 Momentum

Figure 1.4.1

Figure 1.4.2

Chapter 2: Charting With Tramlines

2.1 Drawing tramlines and the Tramline Trading Rule

Figure 2.1.1

2.2 How to find the best tramlines

Figure 2.2.1

Figure 2.2.2

Figure 2.2.3

2.3 The Prior Pivot Point (PPP)

Figure 2.3.1

2.4 Will the market change trend at a tramline?

Continuation of the trend at a tramline

Trend change at a tramline break

Figure 2.4.1

2.5 Tramline trios

Figure 2.5.1

2.6 Setting protective stops with tramlines

Figure 2.6.1

Figure 2.6.2

2.7 When tramlines cross over – the Chinese hat

Figure 2.7.1

Figure 2.7.2

2.8 Using the third tramline to set a price target

Figure 2.8.1

Summary

Chapter 3: Trading With Tramlines, Fibonacci and Elliott Waves

My Five-Step Trading Routine

3.1 The Tramline Trading Rules

Figure 3.1.1

3.2 Trading the tramline break

Figure 3.2.1

Figure 3.2.2

Figure 3.2.3

Figure 3.2.4

3.3 Trading the head fake

Figure 3.3.1

Figure 3.3.2

3.4 Trading the wedge

Figure 3.4.1

Figure 3.4.2

Figure 3.4.3

Figure 3.4.4

Figure 3.4.5

Figure 3.4.6

Figure 3.4.7

Figure 3.4.8

3.5 Trading the “V”

Figure 3.5.1

Figure 3.5.2

3.6 Trading the kiss and scalded cat bounce

Figure 3.6.1

3.7 How to use Fibonacci levels

Figure 3.7.1

Figure 3.7.2

Figure 3.7.3

3.8 Using basic Elliott Wave Theory concepts

Trading the third and fifth waves

Figure 3.8.1

Figure 3.8.2

Know your A-B-Cs

The waves are fractals

Figure 3.8.3

Figure 3.8.4

Figure 3.8.5

3.9 Context is key

Figure 3.9.1

Figure 3.9.2

Summary

Chapter 4: My Five Best Trade Setups

4.1 The A-B-C setup

Figure 4.1.1

Figure 4.1.2

Figure 4.1.3

Figure 4.1.4

Split Bet Strategy

Figure 4.1.5

4.2 The tramline break and kiss

Figure 4.2.1

Figure 4.2.2

Figure 4.2.3

Figure 4.2.4

Figure 4.2.5

Figure 4.2.6

Figure 4.2.7

Figure 4.2.8

Figure 4.2.9

Figure 4.2.10

Figure 4.2.11

4.3 The Fibonacci 62% retrace

Figure 4.3.1

Figure 4.3.2

4.4 The tramline bounce

Figure 4.4.1

Figure 4.4.2

4.5 The third wave

Figure 4.5.1

Summary

Introduction to my trading campaigns in gold and the Dow

The Gold Campaign

Wednesday 3 December 2013

Figure 5.1.1

Figure 5.1.2

Figure 5.1.3

Friday 6 December

Figure 5.1.4

Tuesday 10 December

Figure 5.1.5

Figure 5.1.6

Thursday 12 December

Friday 13 December

Figure 5.1.7

Figure 5.1.8

Wednesday 18 December

Friday 20 December

Figure 5.1.9

Thursday 26 December

Figure 5.1.10

Figure 5.1.11

Figure 5.1.12

Tuesday 31 December

Figure 5.1.13

Friday 3 January

Figure 5.1.14

Friday 10 January

Figure 5.1.15

Monday 20 January

Figure 5.1.16

Friday 24 January

Figure 5.1.17

Thursday 30 January

Figure 5.1.18

Figure 5.1.19

Monday 3 February

Figure 5.1.20

Wednesday 12 February

Figure 5.1.21

Monday 24 February

Figure 5.1.22

Wednesday 26 February

Figure 5.1.23

Friday 28 February

Figure 5.1.24

Monday 3 March

Figure 5.1.25

Friday 14 March

Figure 5.1.26

Monday 17 March

Figure 5.1.27

Summary

The Dow Campaign

Tuesday 3 December 2013

Figure 5.2.1

Monday 2 December

Figure 5.2.2

Wednesday 4 December

Figure 5.2.3

Thursday 4 December

Figure 5.2.4

Tuesday 10 December

Figure 5.2.5

Friday 13 December

Figure 5.2.6

Monday 16 December

Figure 5.2.7

Thursday 19 December

Figure 5.2.8

Thursday 2 January

Figure 5.2.9

Figure 5.2.10

Friday 10 January

Figure 5.2.11

Tuesday 14 January

Figure 5.2.12

Thursday 16 January

Figure 5.2.13

Friday 24 January

Figure 5.2.14

Monday 27 January

Friday 31 January

Figure 5.2.15

Wednesday 5 February

Figure 5.2.16

Monday 10 February

Figure 5.2.17

Wednesday 12 February

Figure 5.2.18

Figure 5.2.19

Figure 5.2.20

Friday 28 February

Figure 5.2.21

Figure 5.2.22

Friday 14 March

Figure 5.2.23

Figure 5.2.24

Monday 17 March

Figure 5.2.25

Summary

My Eleven Commandments

1. Preserve your capital

2. Trade small size most of the time

3. Do not get too emotional when you have a big win

4. Trading is a game where you are trying to find the path of least resistance for the market and flow with that path

5. If you have a short run of losers, feel free to stand aside for a few days and compose yourself

6. The methods I present here are simple – and I have deliberately designed it that way

7. If long, become more bearish as the market rises

8. It is a proven scientific fact that staring at your screen all day cannot change the market

9. Never trade to get even – that is emotional trading and almost always ends in tears

10. Patience is truly a virtue in trading

11. And lastly, trade as if your next trade is likely to be a loser

Resources

Tramlines

Elliott Waves

Fibonacci levels

General trading ideas

Current reading

Sentiment indicators

AAII Index

Daily Sentiment Index (DSI)

II Sentiment

Commitments of Traders report (COT)

US economic reports

VIX

On the lighter side

Add to your Harriman House trading library

Diary of a Currency Trader

Supertiming: The Unique Elliott Wave System

Отрывок из книги

www.harriman-house.com

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This is a practical book which you can use to apply the principles and rules of my method. I will not devote much space to an exposition of the theories underlying my method. Since I believe a chart is worth at least a thousand words, much of the book contains charts which illustrate the various aspects of my method in real-life situations. And I include many tips and short-cuts that I have found useful in my own trading.

The vast majority of the charts are taken in real time as I wrote from November 2013 to March 2014, so I hope I cannot be accused of cherry-picking my examples. I believe this gives them a powerful immediacy. It also highlights the wealth of great trade setups that the markets are constantly offering the swing trader over just a few months. If you are following a handful of markets, you should be able to spot many possible setups in a week.

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