Questions Regarding the Course
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Questions Regarding the Course
What does Drummond Geometry methodology allow traders to learn/know that traditional technical analysis does not?
P.G.
P.G.
Re: Questions Regarding the Course
====time-period coordination of support and resistance is not generally understood outside of DG methodology, and is the most powerful addition to trading. Also the mind-set of anticipating upcoming support and resistance and the change that is anticipated from the next possible type of trading is central. Conventional technical analysis lags and responds to market action as opposed to anticipating it and being able to take action at the point of market turns.
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Re: Questions Regarding the Course
Does the training provide trading strategies for illustration or is the student supposed to come up with this based on his/her knowledge of the methodology and analysis of markets?
P.G.
P.G.
Re: Questions Regarding the Course
===Yes. The last half of the course (Lessons 16-30) is filled with trading plans and track records for them. The methodology also gives ample material for traders to construct their own trading plan.
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Re: Questions Regarding the Course
You and Peter Steidlmayer have written articles/papers on market profile. And Robin Mesch (a former student of Charlie's and Peter's) states that her methodology is unique because it integrates Drummond Geometry and Market Profile (e.g. her focus on order flow and volume). What does Market profile provide that Drummond Geometry does not? Am I asking the right question here?
P.G.
P.G.
Re: Questions Regarding the Course
===Yes, that is a reasonable question. Market profile is a very interesting methodology, and can be relied upon especially when the parameters of congestion are known. The insight that price discovery activity follows the bell-shaped curve is useful and valid. However there are limitations to the methodology in my opinion. MP dopes not handle targets well. It does not handle turning points well except for well-established congestions. It does not handle time period coordination, which I believe to be extremely powerful. I have found DG to be a superior method.
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Re: Questions Regarding the Course
Are the audio products included with the course (i.e. 1:1 paper audio, accumulation/distribution - when to trade) .
P.G.
P.G.
Re: Questions Regarding the Course
===The audio materials associated with the accumulation/distribution seminar are included as a supplemental purchase to the course, as well as the 1-1 paper audio.
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- Posts: 709
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Re: Questions Regarding the Course
Are the hand-drawn charts (complementary with Advanced P&L book) included or not included?
P.G.
P.G.
Re: Questions Regarding the Course
====The chart materials are included in the Advanced P&L Book but they are not reproduced in full size. The full-size hand-drawn charts are offered as a supplemental item for those (few) people who like to do hand-charting. Most people prefer to use computer-charting and so these charts are a supplemental item for extra charge.