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View all four sections of Lesson 1, "The PLdot", including Methodology, Philosophy, Psychology, and Exercises.
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Overview and Principles
Prerequisites and Tech Notes
Course Outline
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In Lessons 1 through 10 we develop a clear understanding of the basic theory of P&L. In Lessons 11-20 we will sharpen our focus and learn more about how, exactly, we put theory to work. When we think of trading, what is the focus, the procedure by which one makes a trade?

The answer lies in knowing what kind of trading is occurring, and what the next kind of trading should be, according to the theory. If you understand both when a predicted type of trading should occur, and where it actually is occurring, then you have a leg up on the market.

In Lessons 11-20 we will build an understanding of the flow of the different "types" or kinds of trading. . .that is, when to expect a certain type of trading, and what to expect following that, in a logical sequence of frequently seen market patterns.

In Lessons 20-30 we will deal with expectations based on these "kinds of trading," and get more into the predictive aspects of trading.

Lessons 1 - 10: Beginning Trading

1 - The PLdot

2 - Energy termination

3 - Lower time period playing out the higher time period PLdot

4 - Personal research

5 - Lower time period playing out the higher time period energy termination

6 - Envelope theory

7 - Application of the envelope in the multiple time period discipline

8 - Energy fields breaking

9 - More examples and discussion on energy areas holding or breaking

10 - PLdot shapes

By now, the student knows or should know the driving force of the PLdot, and what causes market action to return to it, and ideas about how the PLdot and other lines hold or break, and how the higher time period is played out, and how the envelope theory can be used to monitor all this. He or she also has some ideas as to how to do personal research and deal with these lessons, as well as some introduction to common shapes and patterns, such as the PLdot crest, challenges, and dot distance.

Now we will move into how the market organizes its energy into kinds of trading (each of these five trading types will include a section on using the envelope for monitoring, time period usage, and the section on psychology.)

Lessons 11 - 20: Intermediate Trading

11 - Types of Trading: Trend Run

12 - Types of Trading: Congestion Entrance

13 - Types of Trading: Congestion Action

14 - Types of Trading: Congestion Exit

15 - Types of Trading: Trend Reversal

16 - How a Dotted Line sets up

17 - How a Block Area sets up

18 - How Congestion Exit sets up

19 - Playing Congestion Action

20 - Anticipating the next kind of trading

Lessons 21 - 30: Advanced Trading

21 - Geometric Combos

22 - Live Pldot

23 - Concept of exhausts

24 - Grand scheme trading

25 - Short term trades

26 - Day trading

27 - Flow

28 - Targets

29 - Stops

30 - Sure foot trades: keeping it simple