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User
Comments: |
Congratulations on doing a
great job on the course! Good
organization, short and to
the point, well illustrated,
and excellent exercises. I
especially like the way you
incorporated flow from the
very beginning.
--Curtis Byford |
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Words of advice to a trader
considering taking the
course...
"One other thing, and maybe
the most important...I'm
convinced Charlie is "the
real thing," meaning that
rare individual who is a very
successful trader and also
likes to teach others...and
that Ted has worked very hard
for two years to put this
package together. I think
it's excellent."
--Curtis Byford |
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I thought your statement was
very good in that it gave a
very organized, concise,
approach to trading...and it
reflected very closely how I
am approaching trading at the
current time.
-K.C., Chicago |
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I, too, have studied Elliott,
Gann, Fibonacci, Delta, the
rest of Wilder's work,
Williams and a host of other
stuff. P&L differs from
all of them because it is
much more of a leading
method, as opposed to a
lagging one. And it quickly
enables one to switch from
trend to congestion mode.
...P&L is the best for
determining what is currently
happening and therefore what
is likely to happen.
The best thing I ever did was
to stop trading long enough
to focus on absorbing the
P&L theory and then to
objectively observe the
market action in the context
of P&L.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.
--W. Bhame,
Georgia |
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I appreciate the time you
spent with me last week
overviewing the efforts you
have put forth developing the
P&L School. You have
accomplished a great deal.
This is fine work.
Congratulations!
--R. Anton,
Tennessee |
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Thank you for the wonderful
time we spent the other
evening. It was very
interesting and I am ready to
resume my journey to a better
understanding of the P&L
methodology. You were very
precise in explaining your
efforts and intentions.
--E. Messmer,
Illinois |
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From a Singapore trader . .
.
I have received your
dispatch containing the DG
indicators and the
descriptive booklet.
Thanks. "About the
indicators, I have added
the envelopes to my own
trading. The envelopes are
very helpful, good fun, and
I use them to great
advantage. They have helped
me tremendously in my
trading. I avoided at least
one disaster in the
S&P.... Through my
other methodology I sold
the index at 1245, then
went to sleep. I awoke with
a rude shock to find that I
was in deep draw-down.
Normal market wisdom
dictates that I should take
the loss and exit at once,
even in the Globex session.
Not this time. I decided to
take a peek at the DG
indicators and found a
couple of strong resistance
points that might stop the
upswing in its track, in
the extreme, the weekly ET.
I stood my ground
confidently. Whatever my
level of Drummondacy I
seemed to call it correctly
and as I have said, the
market made a full-scale
retreat. Without the DG
tools I would have surely
exited the market for a big
loss.
-- W.C. Chan, Singapore
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"Thanks for staying on top
of things. I am day-trading
bonds and doing quite well,
thank you. I find something
useful in the Lessons every
day.... Good job formatting
the "questions to ask" in
congestion type trading.
Everyone wants a "set of
rules" but I would much
rather have a set of
questions to ask under
certain circumstances and
have the answers lead the
way."
-- A California
Trader
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