The Drummond Geometry Forum

That is in fact Charlie's style. He hates stops. This is actually a statistically valid approach if the underlying concept is valid but it can be difficult psychologically, and oc course requires sufficient fund that one can properly play the added contracts as needed. Setting stops too close to av...

Yes, you could say that expectation, keeping in mind that it is this week's nearby holding that also plays a part in the exhaust. And further, when you think "exhaust" you should complete the phrase with ..."....into what?" as the HTP location into which price is exhausting is i...

Yes, definitely. You're catching on, but this cannot be applied too mechanically, one needs to have a view of all timeframes because sometimes one coughs up more info than the other..... and even if you have a directional bias from the 2nd or 3rd HTP, which can be "extremely" helpful, you...

Would not say so unless close is definitely beyond nearby. It is possible to have a block expansion that technically is there but is slight, and without much meaning. An exhaust is a more definite, significant, and remarkable move. Naturally this "could be" occurring when block expands.

Again, depends on if you can monitor market intraday or not. With exhausts one wants to enter short as high as can be safely done, and that depends on how well one can recognize the exhaust; can occasionally hit it to the tick of the high, if that high occurs into well-recognized and definitive HTP...

I find that the answer to this has a lot to do with how well capitalized one is, and with the degree of trading experience. If you have done this for years and have very deep pockets, then Charlie's style makes a lot of sense and can work well. One takes very occasional large hits but more often co...

Key is the concept of "money management" which says hold enough cash in reserve to be able to let price run against you to the next level of resistance and short more.....not an easy way to trade, and runs counter to much conventional trading advice, as it can be stressful, and some what ...