Drummond Geometry emphasizes the importance of understanding and utilizing multiple time frames for trading. It outlines that higher time periods (HTP) provide critical directional context, while lower time periods (LTP) offer granular confirmation and entry/exit signals. This interplay allows traders to align their trades with the broader market structure while timing their actions effectively. For example, strong resistance in the HTP might signal a downtrend in the LTP, guiding shorter-term trading strategies within a defined market context.
https://www.tradingview.com/x/OC51pAPx/
Trading Idea Based on Time Frames:
Strategy: Higher Time Frame Support/Resistance Alignment
1. Objective: Trade in the direction indicated by the higher time period while fine-tuning entries and exits using the lower time period.
2. Setup:
- Identify strong support or resistance in the higher time period (e.g., daily or weekly charts).
- Confirm the trend's alignment in the lower time period (e.g., hourly or 15-minute charts) by observing price movement or the behavior of key levels like PL Dots.
3. Execution:
- Enter trades on the LTP when it confirms the HTP direction (e.g., breakout of a lower time resistance in an uptrend supported by the HTP).
- Exit trades when the LTP shows reversal signals or approaches a critical HTP level.
This method ensures alignment with the market's broader context while allowing for precision in execution.
https://www.tradingview.com/x/OC51pAPx/
Trading Idea Based on Time Frames:
Strategy: Higher Time Frame Support/Resistance Alignment
1. Objective: Trade in the direction indicated by the higher time period while fine-tuning entries and exits using the lower time period.
2. Setup:
- Identify strong support or resistance in the higher time period (e.g., daily or weekly charts).
- Confirm the trend's alignment in the lower time period (e.g., hourly or 15-minute charts) by observing price movement or the behavior of key levels like PL Dots.
3. Execution:
- Enter trades on the LTP when it confirms the HTP direction (e.g., breakout of a lower time resistance in an uptrend supported by the HTP).
- Exit trades when the LTP shows reversal signals or approaches a critical HTP level.
This method ensures alignment with the market's broader context while allowing for precision in execution.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.