|
PureBytes Links
Trading Reference Links
|
Thomas,
thanks much for posting your experiences with Drummond Geometry. Do you feel
that the effort spent in learning this theory gives the trader a definite
advantage over, say, the simple but successful trading of, say, flag and
pennant patterns, or of trend line breaks?
Of course I wish for your 45' yacht to become a reality, but let me relate
to you what I heard a German friend say about this topic. This gentleman
had for years been a captain of an even larger yacht, with a crew of about
seventy sailors under his command. The vessel was owned by and exclusively
operated for the sole benefit of a Saudi man and his family of four! This
rich man also had two jet planes and a few helicopters for the private use
of the family. But, my friend said, the amazing thing was that even the
poorest members of the ship's crew seemed to be much happier than its owner
who was suffering from constant depression, as did his wife. Though they
could afford almost anything that money can buy, my friend is of the opinion
that they lacked, and possibly painfully missed, some purpose and structure
in their lives.
Thanks again, and best regards,
Michael Suesserott
> -----Ursprungliche Nachricht-----
> Von: Thomas Alexander [mailto:alexander_enterprises@xxxxxxxxx]
> Gesendet: Thursday, August 09, 2001 20:55
> An: MikeSuesserott
> Cc: omega-list@xxxxxxxxxx
> Betreff: Re: Drummond Market Geometry: Personal update
>
>
> Thank you Mike for the question as it has engaged me to step back from the
> trees to reasses the forest. As a reminder, I stand to neither
> gain nor lose by
> my responses here.
>
> It took me several months to get through the Drummond Geometry
> (DG) lessons.
> Thirty comprehensive, compelling, detailed, chock full of
> examples almost to
> obesity lessons. I then paper traded several futures markets on
> an EOD basis
> for several months with some small success. Though my %win's were
> considerably
> lower than average among DG traders they were in line for beginners and my
> paper account was up.
>
> My "day job (ugh)" changed and I was unexpectably able to work
> from home. That
> combined with wanting to reduce my risk profiles, I switched to
> day trading and
> began actual trading, electronic 10yr Treasury Notes. I only
> trade one contract
> at a time as I am still a beginner. I use a daily, 100 tick bar
> and 20 tick bar
> charts.
>
> In short, DG works great! I don't <:-o) Reviewing my trades I
> find I suffer all
> the afflications of a neophyte: overtrading, chasing trades,
> trading outside
> the guidelines of the DG plan. My account is down 17%, my
> win/loss ratio about
> 1 and I am only correct 30% of the time. In my defense I must say
> that I have
> experienced intense data issues with ESignal and most of my
> trading has been
> done using only half the available ticks and inaccurate data.
> Needless to say,
> this whacks all of the DG indicators and the plan guidelines. (I
> am currently
> testing and using TSPro.) Because of serious data issues, I feel
> that I have
> been running in 3 foot mud with salt water in my eyes and I will be
> recalculating my performance from this new baseline.
>
> Nevertheless, looking at what I now believe to be more complete
> and accurate
> data and my EOD paper trading experiences, I am shocked at how
> often the DG
> methods and indicators are correct almost to the tick. (Please do
> not misread
> me here. If you had just the indicators you would not be able to
> trade DG. The
> methods are an absolute requirement!) Of course nothing works all
> the time but
> looking at the charts I would take DG bets any day, every day. And, the
> methodology, view and training offered by DG certainly plays out
> over and over
> again in the charts. As soon as Thomas Alexander gets his fear,
> greed and wild
> mind gently corralled I am certain he will achieve his goals of consistent
> profitability.
>
> In conclusion, I would still highly recommend Drummond Geometry.
> Even more so
> now than before! Please feel free to ask again in a few months
> and though I may
> not be answering from my 45' Island Packet cutter off the coast
> of Tahiti, I
> will hopefully be wearing that coveted mantle of independence and success
> called "professional trader."
>
> Thomas "That Boy Can Type Something Fierce" Alexander
> PS. While I certainly enjoy all the emails of mathematical precision, back
> testing, gathering 20 years of data, statistical analysis, I feel
> very happy to
> be unshackled from it. DG is not a mechanical system (the
> emotionally relaxed
> mind is much more powerful) and it only uses the previous few bars for its
> calculations. Of course it helps to have accurate and complete
> data for those
> few bars :) If anyone has any specific questions, please feel
> free to write.
> ta
>
>
>
>
>
>
>
> Mike Suesserott wrote:
>
> Tom,about half a year ago you gave a description of your first
> impressionsregarding the Drummond course. If you're still here,
> may I ask if
> you tradedthe method, and what your experiences were?Thanks and best
> regards,Michael Suesserott
>
> __________________________________________________
> Do You Yahoo!?
> Make international calls for as low as $.04/minute with Yahoo! Messenger
> http://phonecard.yahoo.com/
|