My Aussie trade is working to plan

John C Burford's Australian dollar trade has proved to be a textbook example of how to use tramlines in your spread betting. So, what do the charts forecast now for the Aussie?

On Monday, I went off-piste a little by looking at a great tramline trade in the Aussie dollar.

I showed you how I used my tramline method to get into what was then a promising long Aussie trade.

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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.