Free Download Guidelines for Analysis and Establishing a Trading Plan by Charles Drummond
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Review – Guidelines for Market Analysis and Creating a Winning Trading Plan Charles – Drummond
Charles Drummond, born in 1936, is a legendary Canadian trader, market technician, and thought leader in the world of technical analysis. With decades of experience as a securities trader, author, educator, and speaker, Drummond is best known for developing the influential “Point and Line” method, often referred to as P&L Charting or Drummond Geometry.
This innovative approach to market structure and price action continues to be used by traders and technical analysts across the globe – from equities to Forex markets – and remains one of the more sophisticated charting systems available to those who want to understand market dynamics on a deeper level.
What is Drummond Geometry?
Drummond Geometry is not your typical technical indicator. It’s a holistic framework for market analysis that combines short-term, intermediate, and long-term perspectives to create a multi-dimensional view of price behavior. At the heart of this system is the idea that price tends to follow energy, and by understanding the geometry of the market, traders can anticipate future movement with greater accuracy.
The method focuses on:
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Price channels and “energy points”
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Support and resistance derived from recent price action
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Market rhythm and momentum shifts
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Cross-timeframe confirmation
This structure allows traders to create highly personalized trading plans that align with both the broader market context and their own trading psychology.
Legacy and Influence
While Drummond began his trading career in Toronto, Canada, his teachings have reached far beyond North America. He authored nine influential books on trading and technical analysis and built a comprehensive online presence to educate traders on his methods. Over the years, his work has been embraced not only by futures and stock traders but also increasingly by Forex traders seeking a more nuanced understanding of market behavior.
His work has also influenced a new generation of traders who value probability-based, rule-driven systems over guesswork or emotional trading.
Why Learn Drummond’s Approach Today?
In an age where flashy indicators and automated bots dominate the scene, Drummond’s work remains refreshingly human and principle-based. His trading guidelines emphasize:
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Disciplined market analysis
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Developing a consistent routine
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Strategic planning over impulsive decision-making
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Understanding the energy and flow of price action
By studying Charles Drummond’s approach, traders can move beyond surface-level tactics and begin to craft intelligent, adaptable trading plans that stand the test of time and volatility.
