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Robert,
You wrote: "The PLdot is nothing more than a very tight moving average."
This is true!
You wrote: "You do not need to pay 3K+ to have someone tell you very
simple rules for this indicator"
This statement could be somewhat misleading....if all you seek are simple
rules to use this one indicator, I wouldn't pay 3k either. If you are saying
that all this course has to offer is this one indicator and some simple
rules,
then you are mistaken.
I have attached a chart that shows just a few of the many tools that are
available with Drummond Geometry....but as everyone who seeks to trade
for a living must learn....it is not the indicators/system/tools that will
bring
success. One must learn how to trade. There are several ways to learn,
from past failures and success (this can be very expensive), from a tutor
(anyone know where to find one?), or from a school/course.
If you know how to trade, or have a tutor who does, or have lots of
cash to loose....then perhaps a school or course is not for you. But to
say DG is not worth 3k because of a simple indicator....is to not
understand DG.
There are other succesful methods to trade with, so I am not promoting
it as the only way. I will say that it is the path I have chosen to take and
I have
no regrets.
Adam Hefner
----- Original Message -----
From: "Robert" <robert_h@xxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, June 19, 2001 11:35 AM
Subject: Re: PLdot
> The PLdot is nothing more than a very tight moving average. The value is
in
> the rules to interpret the moving average. The basic theory is that the
> moving average and the price will oscillate around each other and from
that
> fact you can develop trading strategies. Watch the MA oscillate around the
> price for a while and develop your own strategy strategy. You do not need
to
> pay 3K+ to have someone tell you very simple rules for this indicator.
>
>
> Regards
> Robert H.
>
>
> ----- Original Message -----
> From: "Adam Hefner" <vonhef@xxxxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Tuesday, June 19, 2001 8:01 AM
> Subject: Re: PLdot
>
>
> > The PLdot is one of the many tools that Charles Drummond (Drummond
> > Geometry) teaches. It is beyond the scope of my time on this forum to
> > properly
> > explain its usage. I have attached a MetaStock chart showing how the
PLdot
> > can
> > be used to determine if a market is trending or in congestion....but it
> has
> > other uses
> > also.
> > Adam Hefner
> >
> >
> >
> > ----- Original Message -----
> > From: "Dan" <dcash@xxxxxxxxxxxx>
> > To: <metastock@xxxxxxxxxxxxx>
> > Sent: Monday, June 18, 2001 11:38 PM
> > Subject: Re: PLdot
> >
> >
> > > What do you look for with it?
> > >
> > > Dan
> > >
> > > Adam Hefner wrote:
> > >
> > > > The PLdot is a 3 bar average of what MetaStock calls the "Typical
> > Price".
> > > > The Typical price is simply the days (High+Low+Close) /3,
> > > > So it could be written As Follows
> > > >
> > > > Sum(Ref(Typical(),-1),3),3)
> > > > Do I use it? Yes.
> > > >
> > > > Adam Hefner
> > > >
> > > > ----- Original Message -----
> > > > From: "Hengy" <hengy@xxxxxxxxxxxxxxxx>
> > > > To: <metastock@xxxxxxxxxxxxx>
> > > > Sent: Monday, June 18, 2001 8:49 PM
> > > > Subject: PLdot
> > > >
> > > > > Has anyone heard of the PLdot? It is the average of the high, low
> and
> > > > close
> > > > > for the past three bars. This is what I've come up with.
> > > > >
> > > > > ((H+L+C)/3)+((HHVBars(H,2)+
> > LLVBars(L,2)+(CLOSE -2))/3)+((HHVBars(H,3)+
> > > > > LLVBars(L,3) +(CLOSE,-3))/3)/3. Has anyone tried setting it up or
> > using
> > > > it?
> > > > >
> > > > >
> > >
> > >
> >
>
>
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