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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 4: My Five Best Trade Setups

In this chapter I give my Top Five Trade Setups. If you do nothing else but specialise in these, you should have a very successful trading business.

The first four setups take advantage of counter-trend moves to position for the one larger trend. The idea is to identify the maximum extent of the counter-trend waves and then take a low-risk/high-probability position against it and then ride with the main trend, since that is (usually) your friend.

The third wave setup is different. Here I am trading a breakout and as such the risk is higher. But when you catch a good strong one, it is like holding a tiger by its tail; the rewards can be spectacular as you will be riding the new strong trend.

The five setups ...

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