Drummond Geometry. Picking Yearly Highs and Lows in Interbank Forex Trading

November 5, 2009 by kutenk
Filed under: Forex 

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Drummond Geometry: Picking Yearly Highs and Lows in Interbank Forex Trading

What if you could predict the yearly high and the yearly low in a major currency? If, at the start of the year, you could have a definite idea where the high will form in the Japanese yen or the Canadian dollar or the euro? Or if you knew where the market was headed many months ahead of time? Making an educated, accurate forecast of next year’s high and low in every currency is surely the dream of every trader—a fantasy of omniscience and unlimited power over the markets.
In trading, as in war or building suspension bridges or performing transplant surgery or creating a new auto design or any complex undertaking, success is a function of many different elements—a combination of having the proper tools, the necessary knowledge, and the appropriate personal characteristics. If you would like to be one of the few who make accurate, high-probability, long-term forecasts about market highs and lows, then read on, because there are some little-known tools and a coherent body of knowledge that can help you.

The practice of technical analysis has a few commonly accepted assumptions. Drummond Geometry builds on these with its own unique point of view:




1.    Charts have patterns that can be identified and will reoccur.
2.    Similar chart patterns exist in different time frames.
3.    Prices in a given time frame will center on a consensus value, and when price moves away from that consensus, it will tend to revert to a mean. But this mean itself will be moving and changing as the market unfolds.
4.    Support and resistance are real phenomena, and can be measured, predicted, and projected.
5.    Time frame charts are interrelated, move simultaneously, and can be visualized as existing within each other.
6.    Historical price charts of freely traded financial markets are the visual representation of human crowd psychology in action.
7.    Support and resistance in different time frames react to price in predictable ways. The shorter time frames will react first, and then progressively longer time frames kick in.

Drummond Geometry consists of three main elements, or components:




    The identification of resistance and support and their projection into the future
    A description of the market’s current state and its next anticipated state
    Multiple time period analysis, coordinating the first two elements in two, three, four, or more time frames

In Drummond Geometry, these three elements are combined into a coherent whole with specific rules for entries and exits, a methodology for monitoring and evaluating market moves, and a way to project viable turning points and targets within each time frame.

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3 Comments on Drummond Geometry. Picking Yearly Highs and Lows in Interbank Forex Trading

  1. Drummond Geometry. Picking Yearly Highs and Lows in Interbank … | Forex Trading Books on Fri, 6th Nov 2009 6:30 am

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