How to find profitable trades after the big market slide

When it comes to making profits, knowing which way the market will turn is only half the battle - you have to get your timing right too. John C Burford explains his trading methods to help you do just that.

So it begins. The Fed intends to gradually wind down quantitative easing (QE) sooner rather than later. At long last the markets are faced with reality!

Today I want to show you a few charts that illustrate how I use tramlines and Fibonacci levels when markets put in clear pivot points, as they seem to have done on Wednesday.

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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.