Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

rajanadar

Drummond Geometry Techniques

Recommended Posts

Hi,

I have started trading just recently and I trade the Indian markets. I normally use the pivot point method for trading.

While reading a book by John Person, I came across the term Drummond Geometry. I googled out a bit but was only able to find repeated articles on PLDot and PLDot refresh.

Additionally, looks like the creator of the method sells his books / lessons through his website.

 

The cost of the lessons is expensive for a person from my background.

Just wanted to ask the fellow traders if it is worthwhile to invest in the lessons or atleast the book - "How to make money in Futures Market"

Have any of you used the lessons / book and got good results? Any inputs are welcome.

Share this post


Link to post
Share on other sites

Drummond is one of those niche methods where the odds are you would purchase and study its ways and then it not turn out to be a match for you personally. Them's the odds - but you may be the exception...

A while back there was some activity re Drummond. Maybe contact some of those posters privately and see if they can provide you with enough info to ascertain whether or not it lines up with your true nature... because if it doesn't line up with your true nature you could absolutely master the method and still end up dropping it, etc...

If it continues to tug at you maybe make a plan to buy the info out of trading profits instead of out of your current trading stake... in the meantime, I'll tell you what I tell everyone else - find your own way. Knowledge and methds from others is good but unfortunately it doesn't leverage up as much in the long run as beginners initially project... ie if I had a naya paisa for every high priced and low price method I bought back in the day I would have a small pile of rupees :) ... I don't discount the experiential value purchasing those methods added to my life - but in hindsight few of them contributed any real value to my ultimate development as a trader and, like recreational drugs, etc. some of them where significant detriments... find your own way...I would even go so far as to advise you to kill any and all 'find a guru' impulses you may experience . Brutal but hth

Edited by zdo

Share this post


Link to post
Share on other sites

Hello Rajanadar, I spent more than 3 years in India and loved it. I know the exchange situation and would definetely recommend you do not purchase this method. Just keep reading here at TL, there is tons of good stuff, especially if you're new to trading.

Share this post


Link to post
Share on other sites

I have one experience with Drummond that I can share - a trader friend of mine was heavily into it - the full bag of tricks that they sold. He was very persistent with the method and finally just had to give it up as it did not work for him.

 

Obviously that does not mean it will not work for you, but that's a bit to share on it.

 

Good luck!

Share this post


Link to post
Share on other sites

Thanks all for your wonderful inputs.

 

I think I will first strengthen my skills in trading Pivot points before I jump into a new technique.

Can you refer any link in TL or any other which will help me in doing so? Anything which you liked and helped you.

Share this post


Link to post
Share on other sites

Hi Rajanadar ,

 

I want to say that the book you mention is not worth anything , it is the worst of his books.

I did his full course and was lucky to have the benefit of his personal direction daily by fax for 3-4 yrs .

His course and lessons are worth the money but are an arduous journey , thousands of pages .

Almost like studying medicine .

If you are one of the PlayStation generation with a short attention span who wants to computerise everything and mechanise everything then it is not for you .

For me it is the Ultimate in Market Analysis but it has taken me many years , are you ready?

 

Best Regards

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • VRA Vera Bradley stock watch, pull back to 5.08 support area at https://stockconsultant.com/?VRA
    • MU Micron stock watch, pull back to 102.83 gap support area with high trade quality at https://stockconsultant.com/?MU
    • ACLX Arcellx stock watch, trending at 84.6 support area with bullish indicators at https://stockconsultant.com/?ACLX
    • Here’s something few are talking about: The Chinese are printing money like it's going out of style. Not that you'd hear about it in the mainstream news. But Bitcoin knows.   Bitcoin always knows.   Here’s the thing…   When the Chinese government prints money to paper over the cracks, their smart money doesn't sit around waiting to get devalued.   It usually flows into three things: Bitcoin, gold, and dollars.   After years of being beaten down, gold's having one of its best years in decades. But here's the secret -- whatever gold does, Bitcoin's going to do it bigger.   Much bigger.   Since last November, when China started their printing spree, Bitcoin's been moving in near-perfect correlation with the People's Bank of China's balance sheet. Over 80% correlation, maybe even 90%.   Again, few are talking about it.   But here's why this matters right now: This could be the beginning of a huge breakout in the crypto markets.   Bitcoin broke above its July high, and historically, that's led to new all-time highs over 90% of the time. The only times it failed? COVID and the 2022 bear market.   That's it.” – Chris Campbell   Profits from free accurate cryptos signals: https://www.predictmag.com/     
    • Originally Answered: How can I compete with people who are better than me in every way?   So you want to outcompete people who are smarter, better looking and more experienced than you?   No problem!   All you have to do is outwork them.   Will Smith said, "if we both get on a treadmill either you're going to get off first or I'm going to die trying."     Most people just aren't willing to work that hard. Sure, they'll show up for the job interview and maybe practice in front of the mirror for a few minutes, but they won't do hours and hours of research and prepare for weeks. They won't wake up early and stay up late working on their dreams.   So while all those smart, good-looking, experienced people are waiting around for the next opportunity to come their way, you can outwork them and create your own opportunities.   In a few years, you'll be that "smart" person everyone looks up to. But you'll be different. You'll know it was your hard work, your inner strength and your commitment to living a great life that made you successful and brilliant - not luck or good genes.” – Tom Corson-Knowles, Quora Profits from free accurate cryptos signals: https://www.predictmag.com/   
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.