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Drummond Geometry Market Commentary
Приєднався 31 жов 2022
Welcome to our Drummond Geometry Market Commentary Channel. This is a service for the Drummond Geometry community, and to those dedicated to improving their trading.
Drummond Geometry is a rounded methodology, and analysis software, ideal for trend-following and congestion trading. We employ a forward looking set of tools and methodology that take the hidden market structure and make it visible. Thereby, giving the trader the ability to anticipate the market's next move; the next type of trading from trends to congestion.
Drummond Geometry uses a series of short-term moving averages, a series of short-term trend lines, and multiple time period overlays. Moreover, the Drummond Geometry Silver, Gold, and Platinum level memberships provide the educational, philosophical and psychological details of the Drummond methodology - over 50 years in the making and used globally.
Drummond Geometry is a rounded methodology, and analysis software, ideal for trend-following and congestion trading. We employ a forward looking set of tools and methodology that take the hidden market structure and make it visible. Thereby, giving the trader the ability to anticipate the market's next move; the next type of trading from trends to congestion.
Drummond Geometry uses a series of short-term moving averages, a series of short-term trend lines, and multiple time period overlays. Moreover, the Drummond Geometry Silver, Gold, and Platinum level memberships provide the educational, philosophical and psychological details of the Drummond methodology - over 50 years in the making and used globally.
August 11, 2024 Drummond Geometry Forecast: @NQ, @SI and @TY
#nasdaq #silver #drummondgeometry
Переглядів: 58
Відео
August 5, 2024 Drummond Geometry Forecast: @NQ and @BTC
Переглядів 134День тому
#btc #nq #drummondgeometry
July 29, 2024 Drummond Geometry Forecast: @BTC
Переглядів 11814 днів тому
Price is moving in between higher time period support and resistance. We identify some areas to pay attention to. #btc #futurestrading #drummondgeometry
July 24, 2024 Drummond Geometry Forecast: @n̈̇q
Переглядів 4621 день тому
We are looking at where to anticipate the next level of support. #nq #drummondgeometry #futurestrading
July 15, 2024 Drummond Geometry Forecast: @BTC and @NQ
Переглядів 54Місяць тому
#nasdaq #bitcoin #drummondgeometry #futurestrading
July 11, 2024 Drummond Geometry Forecast: @NQ
Переглядів 54Місяць тому
#nasdaq #drummondgeometry #futurestrading
July 8, 2024 Drummond Geometry Forecast - @NQ
Переглядів 54Місяць тому
#nasdaq #drummondgeometry #futurestrading
June 24, 2024 Drummond Geometry Forecast: CL, NQ, BTC.
Переглядів 54Місяць тому
#drummondgeometry #bitcoin #nq #crudeoil
June 12, 2024 Drummond Geometry Forecast: @NQ and @BTC.
Переглядів 572 місяці тому
#NQ #btc #drummondgeometry
June 10, 2024 Drummond Geometry Forecast: ES, TY and BTC.
Переглядів 662 місяці тому
#drummondgeometry #sp500 #ty #btc
May 28, 2024 Drummond Geometry Forecast: NQ, SI, CL and BTC
Переглядів 702 місяці тому
#nasdaq #silver #bitcoin #drummondgeometry #crudeoil
May 22, 2024 Drummond Geometry Forecast: ES, Silver, TY Note and Bitcoin
Переглядів 542 місяці тому
#sp500 #drummondgeometry #silver #ty #bitcoin
May 20, 2024 Drummond Geometry Forecast - ES, Silver and Bitcoin
Переглядів 1222 місяці тому
#drummondgeometry #sp500 #silver #bitcoin
May 16, 2024 Drummond Geometry Forecasts - Crude, Nasdaq and Bitcoin
Переглядів 743 місяці тому
#btc #nasdaq #crudeoil #drummondgeometry
May 14, 2024 Drummond Geometry Forecasts - BTC, NQ and JY
Переглядів 563 місяці тому
#bitcoin #nasdaq #jpy #drummondgeometry #futurestrading
May 9, 2024 Drummond Geometry Forecasts - NQ, CL, and BTC.
Переглядів 743 місяці тому
May 9, 2024 Drummond Geometry Forecasts - NQ, CL, and BTC.
May 7, 2024 Drummond Geometry Forecast
Переглядів 553 місяці тому
May 7, 2024 Drummond Geometry Forecast
May 5, 2024 Drummond Geometry Forecast
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May 5, 2024 Drummond Geometry Forecast
May 2, 2024 Drummond Geometry Forecast
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May 2, 2024 Drummond Geometry Forecast
April 30, 2024 Drummond Geometry Forecast
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April 30, 2024 Drummond Geometry Forecast
April 28, 2024 Drummond Geometry Forecast
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April 28, 2024 Drummond Geometry Forecast
April 25, 2024 Drummond Geometry Forecast
Переглядів 613 місяці тому
April 25, 2024 Drummond Geometry Forecast
April 23, 2024 Drummond Geometry Forecast
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April 23, 2024 Drummond Geometry Forecast
April 22, 2024 Drummond Geometry Forecast
Переглядів 563 місяці тому
April 22, 2024 Drummond Geometry Forecast
April 16, 2024 Drummond Geometry Forecast
Переглядів 1044 місяці тому
April 16, 2024 Drummond Geometry Forecast
April 14, 2024 Drummond Geometry Forecast
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April 14, 2024 Drummond Geometry Forecast
April 11, 2024 Drummond Geometry Forecast
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April 11, 2024 Drummond Geometry Forecast
April 9, 2024 Drummond Geometry Forecast
Переглядів 574 місяці тому
April 9, 2024 Drummond Geometry Forecast
April 4, 2024 Drummond Geometry Forecast
Переглядів 654 місяці тому
April 4, 2024 Drummond Geometry Forecast
April 3, 2024 Drummond Geometry Forecast
Переглядів 594 місяці тому
April 3, 2024 Drummond Geometry Forecast
Thanks
You are welcome.
Silver hit the 5/9 again last week. Daily is rallying out of Monthly support. Could be a nice run when the weekly confirms.
Full disclosure, I buy a bit of silver every month. I am watching the gold/silver ratio. I am hoping the silver price catches up to the gold price...
I am watching the flow on the daily and weekly for a clue the that next level of resistance is yielding.
@@drummondgeometrymarketcomm1505 I'm bullish above $29
Can you give me your view on the Dax, it hasn't tested the daily PL dot for the past 5 days and has ripped through the daily, weekly and monthly envelope tops, where do you think this might exhaust and have some form of pullback?
Sorry, I don't have a DAX data feed. My guess, it is moving in sympathy with the other major indices?
Hopefully its leading the way down for the ES to follow, but being Friday that might be a hard call.🤨
Agreed. So used to seeing the glorious Friday rallies.
Looks like silver is dropping. Daily resistance holding in the area of monthly resistance. 2795-2813 is my key area for tomorrow
Thank you sir!! Hope weekly top is coming
The 18.5-19k area is full of resistance. A break of 19k and I expect all the talking heads will be chanting 20k is next...25k by year end. I can't imagine this is going to end well.
thank you for sharing sir!
You are welcome. Hope that helps.
Thank you for sharing sir!
Thank you for sharing sir This week target is top daily exh zone area? 18000 Thank you sir!
Sir if you don't mind asking You think nq montly top in March? Thank you for sharing
That is the 64,000question. Monthly is in a C wave. The weekly is moving back inside the envelope. The daily is in congestion. Two signs the trend is weakening. And it is doing so in a huge cluster of resistance. The monthly 5/1 and 5/2 combo at a yearly 6/1 is formidable IMO. Will tomorrow's data be the trigger? I do expect we will have an answer soon.
@@drummondgeometrymarketcomm1505 Thank you so much sir!!
could you upload nq or es please thank you sir!
Sure. Will do tomorrow. I had a look today and thought it best to let the market digest Friday's move. I can tell you that the NQ is at a Yearly 6/1 down and monthly 5/1, 5/2 down area. It is an area that runs from 18 to 18.5.
@drummondgeometrymarketcomm1505 sir you meant 18500area? You think till when? Wendsday maybe? Thank you for sharing
@@Stockt22 Yes, to 18.5k. Tough to say. I do not want to anticipate the indicators. Looking at the flow upward for last week and especially on Friday, I expect last week's high will be taken out. The lower time periods will lead the way. More to come tomorrow.
@drummondgeometrymarketcomm1505 Thank you so much sir!
Scott, you are killing it with the videos. Thank you for that.
Thanks. Let me know if you want to see something specific.
Thanks
🙏
You are welcome.
If you were day trading CL, which time frame charts would you use in DG? I'm just learning with the free version for now.
We use multiples of 5 or 6. Such as a 60/10/2 minute charts for day trading. We also have to keep in mind where the higher time period s/r is. What is the lower time period doing in the are of higher time period s/r?
thank you for sharing. you think if nq touch your upside target and then they will go down again? or retest ATH AREA thanks again
At this point I see this as a weekly pl dot refresh and at least a test of the weekly envelope top. From there to a new ATH isn't hard to imagine. If the daily does not close in congestion tomorrow - the weekly and daily pl dots hold on close - it would change my outlook. In Ted and Charlie speak, if we are entering a new trend down, rallies will be sold aggressively at resistance levels.
@@drummondgeometrymarketcomm1505 Thank you so much
Thank you so much!
Great analysis! Thank you for sharing 🙏
Always appreciate your updates Thank you for sharing 🙏
👍
Thank you for sharing Sir you think short term top is coming tomorrow or monday?
I do. I will keep an eye on the daily 5/1 and 5/2 combo. Watch it with 60/15/3 lower time frames.
@@drummondgeometrymarketcomm1505 Thank you for your comment I appreciate that I will watch nq 18090 area And will try short Thank you for sharing again
Hi Scott, I have a Tradestation NQ yearly envelope top at approx 17870, is this level accurate or is it off? Last year we cycled from the yearly envelope low to the high, it would be interesting to see if the yearly envelope high holds this year. cheers
My TS data window says 17873 for the yearly ET.
What symbol are you using? Try the @NQ or use the cash index symbol and load over 20 year's of data.
Thank you so much!
Could you share idea nq,es,cl too? Thank you!
I will add them tomorrow. Cheers.
thank you for sharing
You are welcome. Please let me know if there is a market you would like to see covered.
thank you so much!
thank you for sharing
👍
Thank you for sharing
Thank you for sharing
Thank you
Do you trade cattle or hogs? Some pretty nice trends on the monthly in both. Cheers
I used to when I first started as a commodity broker in '05. Got burned badly on a mad cow episode.
Happy new year. I don't go higher than monthly charts (my mentor would be not agree). Gives me "paralysis by analysis" Plenty of good geometry out there to start the year. I like bearish crude, yen, aussie currently.
Thanks for the update Scott 👍
Hi Scott, I would love to hear your take on the "parabolic" DAX, it has not done a weekly PL dot refresh for the last six weeks and its back at the yearly envelope top again this year? cheers
Let me check on the data feed for that market. Used to trade the DAX years ago when living in Japan.
interesting about closing above/below dots in congestion. I've never thought about that, I usually just see congestion and move on. Thanks
To me, the idea becomes more valid the longer the congestion runs.
Thank you Scott! Interesting about the Yearly dot
Id love to sell CL around 79 and see a close below pl dot tomorrow or thursday
Thinking the same thing. The lower risk version is wait for the daily pl dot to move above price so all the timeframes are aligned. Good trading.
i like selling a bounce out of 7950-8150
I’m interested but some of the commentaries are super vague like highlighting huge areas. Is there a way in which I can see if closer thank you
Absolutely. What are you trading and what timeframes?
Thank you Scott, I can see clearly now, cheers 🤓
👍
I like short CL as well. Thanks for the video
You are welcome. Keep an eye on the quarterly pl dot area. Although the daily is not reacting yet, it can and it could be a strong one. See how the NQ reacted to its quarterly pl dot and has been rallying since.
Hi Scott, would you mind increasing the resolution output to 1080P, it is extremely blurry to view, cheers
Thanks for the Yen charts, looks quite bearish to me. Monthly dots just keep pushing it down, I don't see any signs of slowing. Cheers
If you are not a DG member, there is a practice taught in the lessons called "pinging." After a long trend like this one, buy the daily support and cover for a small profit. Build a cushion for a longer term trade with a cushion for the stop.
To this I add, it is a chance to feel the herd instinct inside. Using the DG to see the hidden structure goes against the herd instinct.
Lots of good geometry in Yen futures
Nice. Had not looked at that market in a while...put it back on the list.
Could you please analyze the exchange rate of ETH to BTC?
Let me see what I can do. I don't have a data feed for those symbols.
@@drummondgeometrymarketcomm1505 "I have weekly data, and I hope it can be useful for analysis." docs.google.com/spreadsheets/d/1SXGV7QzI1hH71zkgjLderjQwgiJ-BExbu1YarUCgE7g/edit?usp=drive_link
would you give some clarifications? - in seminar what are the "Center Marks" - here are "pivot dots" ? - in seminar "Spike", here is an "air bag" ? - can't see here candles/color changes - just assume red if closes below previous close and green if closes above previous close
Yes of course. You bring up an excellent point - I am using a slightly different configuration. This is confusing. My apologies. I will set up my charts as they are in the seminar. I will be traveling through Friday evening. When I get settled I will revisit this for you in another video.
thank you, my bad for asking such obvious. when you will be making next "Holy Grail" video, would you give some examples on exits if possible
Thanks for this, it's very helpful analysis. On silver, I have a bit of a dilemma: Do I buy around the Daily PLD/Weekly 5-3 as it is (I'm assuming) pushing through the monthly EB or do I wait for the Daily to have Congestion Entrance (target Weekly PLD) and look to buy there, if it holds or on Congestion Exit. Any clues in the charts that would aid in this analysis?
I am seeing this a little late...Hawaii is six hours behind NY. Looking at things now, ideally the daily pl dot would have been the entry. What type of trading do we anticipate next? Weekly congestion entrance so it could be congestion action, resume trend or trend reversal. Seeing how the daily and hourly react to the week ET would be the first indication of a weekly cycle down to the weekly EB. Also keep an eye on the area 2-3 dots back on the weekly.
Oh, I like Hawaii time - you get to sleep in :) I wasn't putting enough emphasis on the KOT/NKOT of the FTP. With Congestion Entrance up on the weekly, we'd anticipate a daily trend run/maybe C-waves up. We'd also be anticipating weekly NBR to break or at least weaken to allow for Congestion Entrance up. With that clarity, I'd look to buy around the daily PLD/NBS and monitor as price approaches the weekly ET/NBR. Thanks, Scott. This is helpful.@@drummondgeometrymarketcomm1505
Thank you Scott, but, I think your chart data is off a month?
Are you referring to the long term - yearly, quarterly and monthly? In Tradestation the time axis for yearly and quarterly data is the one labeled in white on the chart itself. This is a TS nuance...
Your time axis is showing September and the price is a few hundred points higher than my NQ futures charts, even on your daily chart.
Hi Spiro. Not sure what is going on. My NQ price in TS matches the quote on another feed. I am using the continuous contract symbol. Is everything else working normally for you?
My current daily NQ futures TS high is approx 15212 and so is my Ninjatrader CQG feed, are you charting the cash index price?@@drummondgeometrymarketcomm1505
ES, NQ & DAX please Scott, cheers
Good follow up on SI and NQ. Thanks Scott. Safe travels
LOL. A slight mis-fire with the previous upload...
Really loved this Scott. Thank you for your insight. How's Hawaii?
You are welcome. Currently still in Michigan with family and arriving on Kauai September 19th. A few more stops along the way...
Thank you Scott. Well done...you were right!
Thanks. Amazing stuff. I am curious how the resistance area will react. I will post an update after today's action.