The Dow Jones hits my targets

There are no guarantees in spread betting, but John C Burford believes that using a method that has proven itself over time - 'tramline trading' - can significantly increase your chances of making a profit. Here he illustrates this with a trade in the Dow Jones.

My previous post focused on the euro, where I showed a tramline target that was evaluated from two distinct tramline sets. Since writing that post, the market has rallied almost 200 pips in a few hours. My idea that the $1.4050 level provided solid support has been proved correct (in the short term).

But since markets have been moving in lock-step (I shall write a post on this very important point soon), stock markets followed the euro today (Monday 16 May) and have rallied. The connection between the euro and the Dow is almost pip-for-pip.

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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.