Forex Day Trading System

The Drummond Geometry Daily Forecast is a market service that issues predictive reports on eight different symbols in the international Futures and Forex markets. The symbols covered are: Gold, Crude Oil, Treasury Bonds, S&P 500 E-mini, Silver, and the Forex Currency markets EUR/USD, USD/CAD, and EUR/JPY, plus a number of ad hoc supplemental reports. A supplemental free companion service also issues daily forecasts on the GBP/USD currency market.

The Drummond Daily Forecast Service is based contemporary enhancements to Drummond Geometry market analysis, a 40-year-old method of technical analysis that was originally developed by the Canadian trader Charles Drummond. The trading methods consist of a series of technical analysis tools invented by Drummond starting in the 1970s and continuing to the present (2010). The method establishes support and resistance areas in multiple time periods and uses these to determine high probability trading areas. Drummond Geometry consists of the following: 1)Short term trend lines based on two bars in various configurations; 2)Short term 3-period displaced moving averages; 3) An envelope consisting of two trading bands; 4) Co-ordination of these elements in three or more time frames. Typical timeframes vary according to the trader’s goal: Daily, weekly, monthly for swing traders, Daily, Monthly, quarterly and yearly for long-term position traders, and 15-minute, hourly, and daily for intraday traders.