Tramline Trading. John Burford

guiding light was to keep the method as simple as possible with no complicated maths, and to employ a minimum of tramlines on any chart. Too many lines and it gets very confusing, which is something to be avoided.

      The method presented here is a complete, objective system in itself and is chart-based. Charting being a visual method where we look for recognisable patterns that have repeated time and time again and which help us forecast price movements with high reliability.

      I believe that although my methods are simple to learn it is in the application that makes trading them challenging.

       Why challenging?

      It is the human factor that can make a trader override what the method is telling them. In this book I do not go into the personality hurdles that each trader faces – there are many useful volumes that already address that aspect and I do recommend you to read further on this subject. In fact, as part of my own ongoing development, I still read and study books and articles on personality and how it affects trading.

      As you know, trading the financial markets is not for the dabbler or amateur. No successful trader ever takes a punt – that is for the racecourse. We are up against the smartest minds on the planet whose single-minded aim is to take our money away from us. But, with my methods, I believe you can have an edge over your opponents.

      If, like me, you believe that simplicity is a means to understanding, then I hope you find some useful ideas within this book.

      I have only one golden rule: keep losses small.

      If you are successful in that all else follows, because your trading life will likely be a long one.

Part 1: The Tramline Trading Method