Welcome to my second video tutorial on tramline trading. If you haven't yet watched my introductory video - The essentials of tramline trading - I recommend you start there and watch this afterwards.
The main feature of tramline trading is that it gives you excellent points to enter a trade and excellent targets to exit a trade at a profit.
My introductory video focused on obtaining low risk entry points. Today, I will concentrate on identifying profitable exit points.
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In this video I will explain:
How you can establish targets to exit a profitable trade
How you can use tramlines to adapt to significant changes in market direction
How to use upward and downward tramlines to give you very useful information to use in your trades
If you're a new reader, or need a reminder about some of the methods I refer to in my trades, then do have a look at the rest of my introductory videos:
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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.
He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.
As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.
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