This book is only included in the reduced-price package of supporting materials available to those traders taking the full course in Drummond Geometry. Get P&L Accumulation Distribution or the other courses from the same one of these categories: eBook, Trading, Charles Drummond, P&L, Accumulation Distribution for free on Cloud Share. I am very interested in your Drummond Geometry Indicator for TradeStation. I have just started investigating the Charles Drummond trading method and would be very appreciative if you would share the ELD. Thanking you in advance, pauw517 - Don't Give Up!
- Charles Drummond Oklahoma
- Charles Drummond On Advanced P&l Report
- Charles Drummond On Advanced P&l
- Charles Drummond Rancher
Drummond geometry is a trading method consisting of a series of technical analysis tools invented by the Canadian trader Charles Drummond starting in the 1970s and continuing to the present (2010).[1] The method establishes support and resistance areas in multiple time periods and uses these to determine high probability trading areas.[2]
Drummond geometry consists of the following:[2][3]
- Short term trend lines based on two bars in various configurations.
- Short term 3-period displaced moving averages.
- An envelope consisting of two trading bands.
- Co-ordination of these elements in three or more time frames.
Typical timeframes vary according to the trader's goal:
- Department of Energy, Pittsburgh Energy Technology Center, Pittsburgh, Pa. Drummond: received his B.Ch.E. Degree from Villanova University in 1973. He has been investigating the treatment of coal gasification and coal liquefaction process wastewaters at the Pittsburgh Energy Technology Center of the U. Department of Energy for the past 6 years.
- Directory of Profiled Business People: Charles Drummond Dronenburg, Alyssa - Dsouza, Mevin Drummond, Boettcher - Drummond, Eileen Drummond, Charity - Drummond, Charley Drummond, Charles 1-25 of 47 Contacts.
Daily, weekly, monthly for swing tradersDaily, Monthly, quarterly and yearly for long-term position traders.15-minute, hourly, and daily for intraday traders
The usual moving average length for the envelopes and midline is 3-periods.
The method also relies on a moving average based on the 'PL Dot'. The formula for the PL Dot is the average of the high, low, and close of the last three bars, displaced forward one bar:[Avg(H(1),L(1),C(1))+Avg(H(2),L(2),C(2))+Avg(H(3),L(3),C(3))]/3{displaystyle [Avg(H(1),L(1),C(1))+Avg(H(2),L(2),C(2))+Avg(H(3),L(3),C(3))]/3}[4]Each completed bar generates a new PL dot and this series of dots form a moving average, which is plotted either as a continuous line or as an individual dot on each bar. Both the dot itself and the moving average formed by the dots are by convention called the 'PL Dot.'
Indicators derived from Drummond geometry[edit]
Indicators developed for the efficient application of P&L charting or Drummond geometry include the assemblage of several P&L lines and levels into groups that represent future support and resistance 'zones,' which are further classified into 'nearby' and 'further-out' support and resistance areas.
Other indicators include multiple time period overlays of support and resistance from one time period onto a lower time period, for example from a daily time period onto an hourly chart, or of monthly and weekly overlays onto a daily chart.
Recent Enhancements[edit]
Recent enhancements include the 'EOTEM' or 'pipes' indicators which combine momentum indicators, and predicted resistance and support areas. The 'pipes' indicator includes elements from traditional Drummond geometry as well (the trading bands and the 'PL dot moving average).
Effectiveness[edit]
Statistical studies show positive effectiveness of the predicted support and resistance levels established by Drummond geometry. Individual traders have reported both better and worse results as the trading approach requires traders to recognize signals and take action on them, and that skill varies by individuals.[5]A raw statistical analysis of the tools has been published; see this research report chart created by a Drummond analyst:Efficiency of Drummond P&L Lines Holding or Breaking This statistical analysis is misleading, caveat emptor. If the line is not approached it should not be included in the statistical category called hold. A category showing statistics for closes far away from a line is misleading if price was never near the line in the beginning.
Statistical properties[edit]
The short-term moving average known as the PL dot has a sensitive response to changes in trend conditions due to the short (three-period) averaging scale and the nature of the components which include in the average the highs and lows as well as the close,[6] thus taking into consideration the volatility as well as the resting place of the period being measured.[7]The 'Drummond Lines' or short-term two-bar trend lines can be shown to project support and resistance effectively,[8] which the methodology then takes as a starting point and works to improve these odds by specifying which tools should be used under which circumstances.
Further reading[edit]
Charles Drummond Oklahoma
Books and publications by Charles Drummond
How to Make Money in the Futures Market…and lots of it! By Charles Drummond.1978, 575 Pages. Hearne Associates/Drummond Publications (Chicago).
Charles Drummond on Advanced P&L, by Charles Drummond. 1980, 547 pages. Hearne Associates/Drummond Publications (Chicago).
Further reading[edit]
Charles Drummond Oklahoma
Books and publications by Charles Drummond
How to Make Money in the Futures Market…and lots of it! By Charles Drummond.1978, 575 Pages. Hearne Associates/Drummond Publications (Chicago).
Charles Drummond on Advanced P&L, by Charles Drummond. 1980, 547 pages. Hearne Associates/Drummond Publications (Chicago).
The P&L Labs, by Charles Drummond. 1981, 260 pages. Hearne Associates/Drummond Publications (Chicago).
The 1-1 Paper, by Charles Drummond. 1985, 277 pages. Hearne Associates/Drummond Publications (Chicago).
The Energy Paper, by Charles Drummond. 1991, 18 pages, Hearne Associates/Drummond Publications (Chicago).
P&L Accumulation/Distribution: Knowing When to Trade, by Charles Drummond. 1993, 185 pages. Hearne Associates/Drummond Publications (Chicago).
Knowing Where the Energy is Coming From, by Charles Drummond. 1995, 190 pages. Hearne Associates/Drummond Publications (Chicago).
Pattern Picking, by Charles Drummond. 1996, 22 pages. Drummond Publications.
Predicting Next Week's Range (& understanding how the daily plays it out), by Charles Drummond. 1996, 62 pages.
Flash cs4 serial number. The serial number for serial is available. This release was created for you, eager to use serial number full and without limitations. Our intentions are not to harm serial software company but to give the possibility to those who can not pay for any piece of software out there. The serial number for Adobe is available. This release was created for you, eager to use Adobe Flash CS4 full and without limitations. Our intentions are not to harm Adobe software company but to give the possibility to those who can not pay for any piece of software out there.
Psycho Paper '96: P&L's Connection with Awareness, by Charles Drummond. Naam shabana 2017 full movie downloader. 1996, 160 pages. Hearne Associates/Drummond Publications (Chicago).
The Lessons, a series of 30 multi-media lessons, by Charles Drummond and Ted Hearne, 1997–2001.[9]
References[edit]
- ^John R. Hill, George Pruitt, 'The Ultimate Trading Guide' New York Wiley 2000 ISBN978-0-471-38135-8
- ^ abDavid Keller, 'Breakthroughs in Technical Analysis; New Thinking from the World's Top Minds', 2007, New York, Bloomberg Press ISBN978-1-57660-242-3
- ^Paul Leo and Peter Temple, 'The Ultimate Technical Trading Software', 2003, New York, Wiley Publishing, ISBN978-0-470-82084-1
- ^'Mapping Future Activity', by Ted Hearne, ChartPoint Magazine (Singapore) March 2002
- ^Mark Douglas, 'Trading in the Zone', New York, New York Institute of Finance, 2000, p. 96-97.
- ^'Geometria Drummonda, Wyprzedzic' Tlum', Parketiet Gazeta Gieldy Profesjonalny Inwestor, Warszawa, (Pazdziernik '99) pp. 8–9. ISSN1231-2207
- ^* 'Ahead of the crowd', by Ted Hearne, Futures Magazine (June, 1999, pp.44–46)
- ^http://www.drummondgeometry.com/lines_summary.png
- ^http://www.drummondgeometry.com, June 2008
External links[edit]
Charles Drummond On Advanced P&l Report
No one has shared this media yet!
Let share this media and get 1,300 credits when people download it.
eBook,Trading,Charles Drummond,P&L,Accumulation Distribution
Charles Drummond - P&L Accumulation Distribution
P&L Accumulation & Distribution Seminar: Knowing When to Trade;
The Art of Trading by Charles Drummond 185 pp. (1993)
Here is a sample segment from the 'Accumulation/Distribution Seminar'
The Drummond Envelope is introduced in this work:
Before we go ahead, we have to make clear what 'Distribution and Accumulation' is and why we use it.
Distribution relates to how resistance performs.
Accumulation relates to how support performs.
If the market is going up, it will become involved with geometric resistance. Once it is into this resistance, the market energy should start to distribute, and selling commence, and become stronger than buying. By observing the quality of the distribution, we approach the art of monitoring the resistance. We do this by observing how price action reacts away from the resistance, by observing if the high of the price bar stops in resistance, and even more importantly, if the energy has enough in it, to force a close down off the resistance. And, we enhance even further the concept, by observing the quality of this distribution as forced by the geometric tools presented herein: namely, r-su-zones, airbag, envelope, and pldot.
For example: as you all know, when the pldot starts to hold on top, you have some energy to the downside. You could say that the pldot is distributing. It is resistance, and having some effect. It is knowing when that pldot is going to distribute, that gives you the edge in trading. Our thesis is that one can know when to expect this to happen, as we get to know the theory of the envelope. Added to this, is the concept, that a lower time period will start to show distribution of a higher time period pldot, and we do this by using the geometric tools presented herein.
Of course, the opposite to the above occurs in support, through accumulation. Support will cause more buying than selling, resulting in the low of the bar holding in support, and more importantly, the close will move up off the bar lows, to show good accumulation quality. When you look at the quality of distribution and the quality of accumulation, you have the art of trading within reach. It prepares you for action, enables you to know when not to trade, to know when support and resistance is breaking down.
Charles Drummond On Advanced P&l
Before we go ahead, we have to ask why we are using an envelope concept.
Charles Drummond Rancher
The reason for this, is that if we can know what to expect as prices deal with the envelope, then we develop a clear, simple overview as to how the market is supposed to behave.
You will be finding the following, with the envelope concept: Prices will move from bottom of the envelope to the top of the envelope. If prices are going to exit the envelope, the pldot will push it. Once outside the envelope, prices will stay outside until opposing energy will force it inside, and we observe this energy by knowing what patterns do the job. It is consistent, and reliable.
Before we start, I wish to explain one terminology. It is that when prices exit an envelope, that like the wave of an ocean, it expresses true force. We call it a ‘seawave'. On the charts that follow, there will be many text passages mentioning the word ‘seawave'. A seawave always starts at the beginning of a new energy, the first time prices exit the envelope, and cautions you against going against it, unless observe the high quality of opposing force.
So, now we are going to start to learn the concept of the envelope, and how the airbag, r-su-zones, pldot show what is about to happen to it.'
This book is only included in the reduced-price package of supporting materials available to those traders taking the full course in Drummond Geometry.
Get P&L Accumulation Distribution or the other courses from the same one of these categories: eBook, Trading, Charles Drummond, P&L, Accumulation Distribution for free on Course Sharing Network.
