Charles Drummond – Knowing Where the Energy is Coming From
$500.00 Original price was: $500.00.$68.40Current price is: $68.40.
Charles Drummond Knowing Where the Energy is Coming From Course [Download]
1️⃣. What is Knowing Where the Energy is Coming From:
Charles Drummond’s course teaches traders to identify market energy sources and use advanced P&L methodology. It covers key theories and market dynamics to help traders make better decisions.
The course draws on Drummond’s extensive experience in technical analysis. It aims to sharpen traders’ skills and boost their career success.
📚 PROOF OF COURSE
2️⃣. What you will learn in Knowing Where the Energy is Coming From:
In “Knowing Where the Energy is Coming From,” you will gain a deep understanding of market energy and how to harness it for successful trading. The course covers:
- Essential implementation of P&L theories
- Developing a “feel” for market energy
- Understanding the source of market energy
- Applying advanced P&L methodology
- Viewing both the “forest and the trees” in market analysis
- Keeping your knowledge close to your chest for maximum benefit
This course is an excellent summary of P&L methodology and provides a comprehensive overview to help students master the concepts.
3️⃣. Knowing Where the Energy is Coming From Course Curriculum:
Charles Drummond’s “Knowing Where the Energy is Coming From” is a 166-page manual that serves as a comprehensive guide to understanding market energy. The course curriculum includes an introduction that emphasizes the importance of keeping this knowledge confidential.
The manual covers the essential implementation of theories learned in previous courses, such as the ‘Advanced Manual,’ ‘Labs,’ and ‘Accumulation/Distribution Paper.’ It assists well-advanced students in developing a “feel” for market energy and understanding its source.
4️⃣. Who is Charles Drummond?
Charles Drummond (born 1936) is a renowned Canadian securities trader, market technician, author, educator, speaker, and technical analyst. He is the creator of the “Point and Line” method of technical analysis, also known as “P&L Charting” and Drummond Geometry. His methods have gained widespread recognition and are used by technical analysts and traders worldwide, including Forex traders.
Drummond’s extensive career in the financial industry began in the 1970s and 1980s when he traded in the Toronto futures exchanges while developing his theories. In the late 1980s, he moved to Nova Scotia, where he maintained an organic farm and authored numerous works on technical analysis.
As an author, Drummond has published nine books and maintains a website dedicated to his work. His notable publications include “How to Make Money in the Futures Market,” “Charles Drummond on Advanced P&L,” “The P&L Labs,” and “Knowing Where the Energy is Coming From.” These works have solidified his position as a leading expert in technical analysis and trading strategies.
5️⃣. Who should take this course?
“Knowing Where the Energy is Coming From” is designed for:
- Advanced students: This course is ideal for traders who have completed previous courses such as the ‘Advanced Manual,’ ‘Labs,’ and ‘Accumulation/Distribution Paper.’
- Experienced traders: Traders with a solid foundation in technical analysis and a desire to deepen their understanding of market energy will benefit from this course.
- P&L methodology enthusiasts: Those who want to master the Point and Line method of technical analysis and apply it to their trading strategies should consider this course.
- Forex traders: Although the course is not specifically targeted at Forex traders, Drummond’s work has gained recognition in the Forex trading community.
The course is suitable for traders who are committed to expanding their knowledge, refining their skills, and gaining a competitive edge in the market. It requires a strong foundation in technical analysis and a willingness to keep the acquired knowledge confidential.
6️⃣. Frequently Asked Questions:
Q1: What is the P&L approach?
The P&L (Point and Line) approach is a method of technical analysis developed by Charles Drummond. It involves using P&L charting to analyze market energy and make informed trading decisions. The approach focuses on understanding the source of market energy and developing a “feel” for it to excel in trading.
Q2: What is a market technician?
A market technician is a professional who uses technical analysis to study financial markets and make trading decisions. They analyze historical price and volume data, identify patterns, and use various tools and indicators to predict future market movements. Market technicians aim to capitalize on market trends and optimize their trading strategies.
Q3: What is the meaning of market psychology?
Market psychology refers to the collective emotional state and behavior of market participants. It encompasses the attitudes, beliefs, and sentiments that influence trading decisions. Understanding market psychology helps traders gauge market sentiment, anticipate trends, and make informed decisions. Factors such as fear, greed, and herd mentality can significantly impact market psychology.
Q4: What is the most effective pattern in trading?
The effectiveness of trading patterns varies depending on market conditions and individual trading styles. However, some commonly used patterns include Head and Shoulders, Cup and Handle, Triangles, and Flags. These patterns can indicate potential trend reversals or continuations. Traders should combine pattern recognition with other technical analysis tools and risk management strategies for optimal results.
Q5: What is the accumulation and distribution phase of the market?
The accumulation phase occurs when informed investors start buying a security, believing it is undervalued. This phase is characterized by a gradual increase in price with low trading volume. The distribution phase happens when informed investors begin selling their holdings to realize profits, leading to increased selling pressure and potential price declines. Identifying these phases can help traders make informed decisions.
Q & A
Ask a question
Your question will be answered by a store representative or other customers.
Thank you for the question!
Your question has been received and will be answered soon. Please do not submit the same question again.
Error
An error occurred when saving your question. Please report it to the website administrator. Additional information:
Add an answer
Thank you for the answer!
Your answer has been received and will be published soon. Please do not submit the same answer again.
Error
An error occurred when saving your answer. Please report it to the website administrator. Additional information:
Related products
Stock Forex Options - Trading
Stock Forex Options - Trading
Stock Forex Options - Trading
Stock Forex Options - Trading
Stock Forex Options - Trading
Stock Forex Options - Trading
Stock Forex Options - Trading
Stock Forex Options - Trading
Reviews
There are no reviews yet