More great trading lessons from the Aussie dollar

The Australian dollar is throwing up some textbook examples of how to use tramlines in your trading, says John C Burford. So, where to next for the Aussie?

I must appear like a dog with a bone I can't leave the Aussie dollar alone!

It's not only because I have a hankering for some warm sun. It's more that the Aussie chart right now is throwing up some wonderful examples of how you can use my tramline methods, not just in my usual favourites the Dow/S&P, euro and gold but in a wide variety of other markets.

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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.