Market Geometry is a lie?

[BlowFish]

Good provocative title! Drummond's stuff is remarkable imo. Interestingly most bits of his geometry match regular geometry in many ways. 11's are pivots 51's 52's 53's match regular trend lines in lower time frames.

Geometry of various sorts (Drummond, Trend lines & channels, Geometric retraces and advances) are often respected (does that mean they are not a lie?) Whether this is self fulfilling or something more fundamental in the nature of price movement who knows. The PLDot which is really just a fast MA is remarkably useful it s one of the few 'squiggly lines' I'll entertain putting on my charts who needs super fast super smothe MA's when a SMA does the job so beautifully!

Drummond's treatment of multiple time frames is probably the most complete you are likely to find. Golden. Unfortunately the course is probably the most complex you are ever likely to encounter (I found it so at least) thus making pretty dificult to trade.

[traderxman]

ckait: 15 levels I posted are typically support & resistance. For example, at 9:45 ET, the high of day so far has been 13,170perhaps heading for 12,949...one of the geometry levels.

[traderxman]

BlowFish:With Drummond, everything needs to be disproved b4 it can be accepted. That why the title. THe 13,170 was daily nearby R...we were exhausting into it...with geometry setting up for R on the lower time periods (LTP). Looking for a refresh to 12,994. 13,066 is going to be fun, bulls will try to defend this one.

Drummonds course is complex but thorough. I am not phd or anything, but I put stuff on my charts that make money. Tried everything out there. From LDB data, MP, COT data, moontides, delta phenomenon, Gann, all the vendors courses etc etc.

Been on the CBOT floor with many traders and this is what I like. P&L Drummond Geometry.

If all you got from the course to trade with was, to use an SMA...sorry man, you missed the boat.

[BlowFish]

	Quote:	traderxman
	If all you got from the course to trade with was, to use an SMA...sorry man, you missed the boat.

Err where did I say that? Have a more careful look at what I wrote, I must say poor observation for a P&L'er. I first came across Drummond early 90's I think it was his stuff bowled me over, it is quite remarkable. The Pldot is actually a thing of beauty in my opinion. My point was it is superior in just about every way to these 'clever' moving averages. It is just a displaced 3 period sma of the (h+l+c)/3 but it does have quite remarkable properties. It still stuns me how often price respects it on all time frames.

Having said all that it did take 1000's of hours for me to really get it all down. There are many subtleties a couple that I only discovered recently despite going through the course probably 20 times or more. (With the unswerving support of Ted & Charlie).

Let me be clear I got a multitude of things from the course. As I said the multiple time frame stuff ( particularly when coupled with types of trading in each time frame) is probably one of the most powerful things you can discover. For example watching this recent top as the daily and then weekly went into congestion pinging short against the dotted line and then watching the block give way just as anticipated iis just about as good as it gets. Kinda funny the big exaust down (weekly time frame) was a month ago now.

Actually that was another great lesson (though I was getting there on my own) to accept nothing without proving it for yourself. That has kind of spilled over into my whole approach to everything and has changed my whole grasp of 'reality'. Sadly most people are 'asleep' when evaluating things - you'll know what I am talking about if you read the psycho paper.

Anyway here's a weekly & daily Dax just for fun.

[traderxman]

Was a nice ride down from 13,170 to 13,096. You cud have exited partials and hold some if you can.

BlowFish, sorry got it reversed. No biggie. You said. "The PLDot which is really just a fast MA is remarkably useful it s one of the few 'squiggly lines' I'll entertain putting on my charts who needs super fast super smothe MA's when a SMA does the job so beautifully!" See i thot u said the pldot was the fast super smooth MA that U wud not need.

Yup your a P&L-er 4 sure, welcome friend.

[BlowFish]

Indeed no big shakes...always nice to come across P&Lers

[traderxman]

TL8 Chart:
Here we see the dot is up. So the trade was counter trend if you will. But it was a sell from daily nearby resistance. But into the cyan(blue) line or pldot which is up onthis time frame.

So any exhaust , like onthe previous chart TL7, into the green vertical line, (blue arrow up) would get its day in court, a bounce .

TL9 Chart:
But STILL no c waves up...so partials stay! Targeting 12,994.

[traderxman]

So we have no C waves up, as shown on TL10 Chart.

Next support down is 13,074 & 13,066. Cud exit there if your not a full time day trader. If that breaks then we will hit 12,995 then maybe 12,950.

Anyway, hope i sparked some interest in one person. With all the sh*t out there...finding this stuff back in 1992, would have been something. Thank GOd I did!

TX

[BlowFish]

Couple of quick questions on the 4000v chart I guess the 3 main areas are daily ET- > Live ET. Daily Dot -> Live Daily Dot and EB -> Live EB? With Daily further outs the dark striped blue areas?

Are you still a member of the institute? Wondered if much was going on right now? I haven't hung out there since round March. PM me if you think it more appropriate.

Cheers.

[traderxman]

Questions on the 4000v chart I guess the 3 main areas are daily ET- > Live ET. Daily Dot -> Live Daily Dot and EB -> Live EB?

I said:They are the NEW indicators...charting the 40,000v charts refresh areas you mentioned, but on the 4,000v

With Daily further outs the dark striped blue areas?
I said:Yes, they are Charlie's latest on the faraways.

Are you still a member of the institute? Wondered if much was going on right now?

I said: Yes, $250 /year.

Charlie is still doing his very best in helping. So many ways to trade this stuff depending upon your patience level. He trades and does organic farming now, think he is close to 70.


TL11 Chart: Ok this is last chart.
You see we C waved on down through the 13066&13074 level. Was quite strong and probably more to come below 13023&13026. THis will be after bulls make sure 13066 is R.

TX