How to pick a trade using tramlines

John C Burford explains how you can use tramlines and Fibonacci levels to pinpoint low-risk trades in the euro market.

The euro has been through the wringer in 2015.

As if Mario Draghi's giant money-printing programme wasn't enough, the latest Greek crisis is sending the euro tumbling.

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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.