Latest Trader Channel Posts
Introduction To Tramline Tradiing
John is a lapsed PhD physicist who has previously worked for NASA on the Mars Exploration Team.
Back on earth, he is a former commodity trading advisor with the US Commodities Futures Trading Commission having cut his teeth with a boutique futures house in California during the 1980s. He was a partner in one of the first futures newsletter advisory services specialising in pork bellies and currencies so he knows a thing or two about the market.
The Tramline Trading technique, combined with analysis of price action and Fibonacci principles, enables John to make confident predictions of market direction and identify high probability turning points in advance.
In this presentation, John describes his Tramline Trading strategy in detail:
- What a tramline is and how it is formed
- How to draw tramlines on your chart
- The smart way to play the markets
- The importance of good money management including John's 3% rule
- How to use momentum in order to identify weakening of a trend
John posts a private blog describing how he trades the Dow, Gold and the Euro at: www.financialtradingstrategies.com.
He may be contacted at john@financialtradingstrategies.com.
You can subscribe to John's excellent Money Week Trader here:
http://www.moneyweek.com/shop/free-emails/moneyweek-trader-signup
Comments
Unfortunately almost impossible to follow as speaker's references to points on the chart could not be identified as he did not mention dates or price levels at the same time. Ideally, a movable pointer, which he was probably using for the live presentation, would have enabled the viewer to keep track.
Tram Lines were the first strategy I was taught by my coach at the time. But now, it seems that everyone poo poo's them and the flavour of the month seems to be horizontals. DEpends on the market, strong trends = tram lines and ranging = horizontals.
Agree with Michael - such a shame as it looked quite good but not quite useless without the reference points identified, but nearly so.