06-01-2009, 04:39 AM
|
#38 |
Join Date: Mar 2007 Location: In Da House Thanks: 129
Thanked 1,038 Times in 694 Posts
| Re: Drummond Geometry
Quote:
Originally Posted by Tasuki » What am I missing? I've been reading over the posted pdf files and trying to figure out this Drummond stuff, and so far, it looks like it's just a rehashing of trendlines and moving averages. Clearly, I must be missing something because you folks seem to think there's something here. Is it just the way Drummond uses these basic tools that makes his method powerful, or are there more sophisticated tools that I'm not seeing? | The latter, the full course represents about 40 years of his work and research. He is an inveterate researcher and there is a vast amount of material. That would be my biggest criticism, actually! Whist it is comprehensive and efficacious there are much more straightforward ways to trade. It is likely to take thousands of hours of study to really 'get it'.
The most powerful aspects are his ideas how price moves (though experienced traders will find some familiarity). The (rigorous and unambiguous) classification of types of market action (e.g. trend, congestion entrance, congestion, congestion exit etc.). And the big one - multiple time frame analysis which looks at the subtle interaction of all of his tools and techniques on multiple time frames.
|
| |
Linear Mode
