will it take me to finish the Lessons?
We have planned the Lessons so that they
take between five and ten hours each to complete.
Individuals vary, of course, and many students
will want to spend more time reviewing the
material to make sure it is completely understood.
will it take for me to be able to trade this methodology?
This is hard to answer definitively but we
suppose that six months is a reasonable answer.
There are tradable ideas in each Lesson, but
it will take some time to assimilate the material
and incorporate it into your own trading style.
Do I have to finish all of the Lessons
before I can trade this methodology?
No. Each of the Lessons includes valuable
trading ideas and you should be able to make
good use of the information immediately. That
said, we should add that Lessons 1-15 provide
the roadmap and Lessons 16-30 focus more on
You can order the Lessons in groups of five.
There are tradable ideas in each group of
five Lessons. Naturally, things get better
the more you know, and you will likely be
more successful after 20 lessons than after
studying only five of them. But you do not
have to complete the course before you can
start taking advantage of the insights and
The methodology seems complex.
Will I be able to understand this and trade it?
P&L/Drummond Geometry can seem complex
at first because there are some unfamiliar
line and tools to learn. However once the
methodology becomes familiar to you, it will
be seen as a simple and straightforward set
of tools for trading.
2500 pages of text sounds like
too much for me.
The multi-media Lessons themselves contain
the full methodology. Traders will find the
nine volumes of Drummond's original writings
useful and valuable but they are supplemental
and not required when learning the trading
What kind of results can I expect
trading Drummond Geometry?
Results differ with different traders, as
might be expected. Some have done and are
continuing to do very well. Some are still
learning. And some are not able to master
the psychological and money-management aspects
of trading, and hence are not doing particularly
well, and remain as breakeven traders. However,
the Drummond Geometry tools do permit extraordinary
financial returns far beyond what is conventionally
regarded as attainable. We give you these
remarkable tools but the results you attain
with them will be up to you.
Is there a track record?
Drummond has always been research-oriented
when developing trading methods. There are
many research reports and track records presented
in the book "Charles Drummond on Advanced
P&L." We think you will find them
quite impressive. However the methodology
lends itself to many different trading styles
and for that reason we do not hold out a single
track record as a model for other traders
to emulate. We prefer that traders conduct
their own research with P&L, as research
that is carried out personally is always the
Does it tell me when to buy and
sell? Does it contain clear signals?
The Lessons give clear indications of when
to buy and sell. We stress that there are
many ways to trade this methodology and the
user will want to tailor the approach to fit
his or her own trading style and risk parameters.
But the tools give clear signals and the Lessons
provide ample trading guidelines.
What kinds of experiences are other
students having with Drummond Geometry?
Here are a few comments from recent students.
How has Drummond's work effected your
trading, i.e., compared to how you traded
prior to using these concepts?
"One can now accurately anticipate
pauses, reversals, congestion entrances and
exits. And even more importantly, one can
often determine when the expected is not happening
- well before stop losses are hit, sometimes
even while the "bad" position is
still profitable. So reverse and go with the
"Most trading methods are like driving
a car while looking in the rear view mirror.
Conversely, P&L is one that actually looks
forward to the potential turns up ahead. Then
it is simply a matter of seeing whether the
car starts to turn."
"Another thought: the AWARENESS Psychology
taught by Charlie and Ted is quite good, as
well and is equally important to success.
Think on Good Things."
"Having a great time with the course...my
ability to anticipate probable price movement
improves daily. Keep looking for something
to criticize, but can't find it."
Do I have to have your indicator
software to use this methodology?
We recommend it. While it is not excessively
hard to program some of the simpler tools
into Omega Research's EasyLanguage or other
programming languages, it is far from simple
to program the more complex tools and especially
the time period overlays which permit you
to visualize one timeframe on top of another.
We believe that the software we have made
available is a very worthwhile investment.
Do I have to purchase Super-Charts
In theory, you do not have to have a particular
brand of software; the methodology works independently
of the software and can be hand charted or
calculated separately from any charting package.
As a practical matter, however, we highly
recommend either Omega Research SuperCharts
or TradeStation together with the Drummond
Geometry indicator software. It makes life
much, much easier.
Is it suitable for intraday trading?
How about longer term trading?
Yes, both the software and the overall Drummond
Geometry methodology work very well for short-term
intraday trading, and work equally well for
weekly, monthly, quarterly or multi-year trades.
Is there some way for me to get
a feeling for Drummond Geometry without purchasing
the full set of five Lessons?
There are several steps you can take. First,
spend time reviewing the two web sites that
contain material about Drummond Geometry:
www.pldot.com and www.tedtick.com. There is
quite a lot of information on these two sites.
Second, you can review the first Lesson, which
is included in its entirety on the free demo
disk that is available from tedtick.com. And
third, you could purchase the book "How
to make money in Commodities
. and lots
of it," which is Drummond's first book,
written in 1978. While there is a great deal
more to P&L methodology that has been
developed in the intervening 20 years, the
" book does include
some introductory material on P&L. This
volume is available for $150 and the cost
of this book may be applied towards the cost
of the first set of Lessons, as it is normally
included in that part of the course. It is
also possible to purchase Drummond's other
books separately from the Lessons, if so desired,
and the cost of those books can also be applied
towards the course itself, if the Lessons
are purchased within 12 months of buying the
I am a beginning trader and do
not have an extensive background in the markets.
Will Drummond Geometry give me a suitable trading
style for my level of experience?
Traders come to Drummond's work from many
different backgrounds. Some have had many
years of experience and came upon Drummond
only after they have been disappointed elsewhere.
Others have virtually no trading experience
and start from scratch with Drummond geometry.
The methodology is effective for both experienced
and novice traders. The Lessons do not assume
that the student has years of experience before
studying this material, and one can learn
how to trade from the Lessons with very little
additional information from other sources.
Obviously the learning curve will be a bit
longer for those who have never traded before.