traderxman

See pm...please re. new latest

Blow...I lay at your feet with respect. All due respect...drummond or P&L as he likes to call it... Has its own faults with respect to the nearbys... they are drwan by using the close of the last bar... In other words for anyone else reading along here...the nearbys acan be drawn very differently because of a single tick difference. Yes the originator will hand draw them by hand and disagree with software designed by Robin Mesch...she holds the rights to them. Basing them solely on the 2 and 3 bar lines...many times changing hs mind indicating that the nearbys are also very subjective to draw. Have all the software you mentioned and many years back got into programming also...NeoTicker etc etc THe latest software finally adressed the TS software issues for multiple time frame usage for day trading...this is all based on the free work of Bamboo (i.e. ADE) THe latest nearbys are called oncomings, again based on another algorithm as you called the last nearbys. Lesson one clarifys the loss of the pldot...but using oncomings or subjective nearbys??? Hence the suggestion in the SFT's to use clear closes...its an interesting study of work...like your thots...no disrespect meant.

if you follow drummond in the least you know the nearbys are the indicator that is THE systems heart...developing code on this...i seriously doubt it since you would have had to crack a special program to get...

Looks interesting...where is your entry for ? Maybe you can explain the conditions with arrows for us old farts

An indicator for congestion is also called a dotted line. This is lesson #1, the loss of the pldot push. The indication of this is when we have no c waves up. The c wave is a close beyond the envelope....so no more closes up, the crowd has lost its interest in driving price. In the chart previously posted (2 posts back) the red arrow and bar before conform to this indication, 3 bars b4 the red arrow down, this is called a c wave...notice how they stopped...then you got congestion enetrance.

Point well taken... Lesson #1 (loss of the pldot poosh up, in this case)...red arrow down Great lean...a quarterly level Now dig deep and learn. The 2nd horizontal mark (just under the red arrow, is placed 1 bar into the future) not some indicator shit that lags When the marks point sideways, you have confirmation a top is in.

Take your DGII indicators for example...a simple test, try placing them on a 15 minute chart (sub bars 4)...i.e. a 60 minute envelope on a 15 minute chart and then take note, that the 60 minute envelope plotted on the 15 minute is way different than the actual 60 minute envelope itself. All other intra day indicators, including DI, daily on intra day are inaccurate. Take some time and get to know your indicators. The concepts are valid, the indicators will make your head spin... Not trying to shit on this parade, like the fact that someone has taken an interest in what I believe to be the best way to look at the market, I have been studying various methods since 1996. Big deal,I'm sure there are many others here that have more experience. Success is making shit turn green IMO. Drummond has the ability to help withrespect to that. They have new indicators.

Have to use TS...I have heard about MC, NT etc etc...have most of them. But TS is a programmers concern, the original DG indicators for intra-day never were accurate, trust me here on this one.

Markets are prime re. drummond...for a big fall from ES June 865...alot of geometry

A good geometric lean and lesson one is all that is needed to make money. KISS

http://www.futurescalper.com anyone had any experience with this software?

As i saw them, TL16 Chart: By 2:15 we only had 3 bars...light volume to say the least. Ok. so we opened up in the exhaust area. Meaning we wud have been looking for a reason to short. Shorting the top of Daily nearby resistance was a good lean for that. TL14 Chart shows 1st arrow down. Then we exhaust into blue at TL16 Chart, bottom of daily nearby resistance. TL14 Chart shows the up arrow for the buy... We covered off the last buy in previous post. So it was a tradeable day...but thats enough for me for the week, going on holidays and will return soon. Hope all hada great trading day! Lets here it for P&L-ers!!!!!!!!!!!!!!!!!!!1 TX

TL15 Chart: THis one shows the Weekly refresh bottom. 13,178 You need to learn this one. Charlie helps! TL14 Chart: THis is the buy into 13,178 and we see the market exhausting (blue) into the blue area for the buy. Get long at mkt. 13,182 Thot I wud get this off b4 gym, waiting on wife. TX

So far its been struggling to get up, but has had its reasons. Made a bold statement this morning that thot the YM was up... Not a great category (Technical Analysis) to post in if I am not going to post up the why's. When I get back from the gym, will do so. TX

No economic numbers out today. Here are my levels 4 today. 13371 13347 13254 13228-29 13207 13201 13125-33-39 13101 13074 13023-26 12983 12976-79 Looks right now that 13,176 is holding and we go up today. 13,220, 13,249...then 13,347. One of those days.

Just off to the gym BF, yes I did not like MultiCharts. But to each his own. Just getting ready for a little holiday...so if you want to chat more here on the forum about indicators that are new etc. I like to talk to P&L-ers. It is interesting to note you are not new to this either. So it is hard to discuss this material unless a person had a strong love for the material to stick with it. ANyway my 2 cents. Off to the gym TX

BlowFish, How did we know (shouldn't that be 'anticipate") the Daly ET was pushing down end of Friday? I said: Bigger picture(forest), look at TL3 Chart & TL5 Chart. TL3 had re-tested the refresh band and began distributing. While TL5, had refreshed the Weekly EB but cud not get up through the daily ET to its Weekly pldot. Smaller picture(trees), look at TL8 Chart. 15:59 bar went into blue(exhaust area) AND into daily ET, closed and held a 5/2 down, going at the very least for a refresh. We terminate into a 5/1 & 5/9 up at the bottom of the 40k volume chart, this at a key level, the yearly live ET!!!(13055) at the time. THis is live so it updates. 40k volume pldots are up so we go up after the LTP exhausted into the 40k volume charts nearby S (shown as a green up bar)blue up arrow. TL9 Chart shows its time frame refesh with an ellipse around it hitting the blue exhaust area. It happens over and over again. All geometry, no T&S, L2, COT data, LDB Data, volume finder, stochastics, MACD, latest indicator rave etc etc. Good Luck! TX

During the end of Friday...we knew that Monday's envelope top was pooshing DOWN. Not a bad system when you are a day ahead of the crowd. Ok couple more charts. TL12 Chart: Here we see Mondays (top gold area) Daily envelope top pooshing down. TL13: Chart: Also we see here on Monday, Weekly envelope top pooshing down. This was our 13,170 area...coincidence. Perhaps, but having it happen more times than not, I think not. But lets prove it ALL wrong.

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

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

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.

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: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.

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.

Cards on the table time...timing. With P&L geometry, this is THE thrust when to get in. Perhaps you were not fully studied etc with this method. But knowing tomorrows key levels today and knowing how to take profits from them...is very clear. Watch the levels posted for Monday, for exact buys and sells, forget timing. Go ahead read the tape, PC ratio, trin whatever...but you will see that with volatility or not, that the market will respect these levels. Good Luck.