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Tramline Trading: A practical guide to swing trading with tramlines, Elliott Waves and Fibonacci levels by John Burford

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Chapter 2: Charting With Tramlines

Viewing the markets through tramlines is a very simple but powerful way to analyse market action and provides you with high-confidence trade entries at low risk. Not only that, but tramlines offer accurate price targets. This places you in the strong position of being able to plan a trade well ahead of time, to assess your maximum risk and also project your likely profit. Many of my best trades are made with this technique as the starting point.

In this chapter I will explain how I draw tramlines and the Tramline Trading Rule. I then explain what is a Prior Pivot Point (PPP) and how it helps to validate a tramline. After finding a tramline pair, I explain how useful third tramlines are for fixing the important ...

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