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The "P&L Labs"
by Charles Drummond
 


The 'P&L Labs' consist of a series of fourteen lessons; the Labs organize geometric energy into five kinds of trading : (trend run, trend run aborting, congestion entrance, congestion action, congestion exit.) This is based on the observation that the market must exist in one of two states: trending or congestion.

The fourteen P&L Labs Lessons are:

  1. Main P&L characteristic of a trend run. Solid criteria. Defines Point and Line Charting (P&L)
  2. Main P&L characteristic of a congestion. Solid criteria.
  3. P&L format signaling first day of congestion entrance &/or trend reversal.
  4. Differentiation between congestion entrance & trend reversal the day it occurs. (85% reliability.)
  5. P&L lines which support a trend run.
  6. P&L format defining confines of congestion 2nd day into congestion, & defining trend reversal & congestion exit the day it occurs. (100% reliability.)
  7. Learning to a 'nth' degree, when prices make new highs & lows. (Verification of trend run.)
  8. Reliability signal that congestion or trend reversal will occur within 4 days
  9. Technical list of P&L formats for trend reversal.
  10. Technical list of P&L formats for congestion entrance.
  11. Technical list of P&L formats for congestion action, (after congestion entrance, before exit, with six monitoring tools per congestion exit).
  12. Technical list of P&L formats for congestion exit.
  13. Predicting to-morrow's high/low (& using this prediction to support theme developed throughout LABS.)
  14. Day-trading (& willing to stand aside ) A concept of day trading applied before market opens to used to support theme developed throughout LABS.




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