Breakthroughs in Technical Analysis: New Thinking From the World's Top Minds

CHAPTER 1

Drummond Geometry: Picking Yearly Highs and Lows in Interbank Forex Trading

TED HEARNE

 

 

What if you could predict the yearly high and the yearly low in a major currency? If, at the start of the year, you could have a definite idea where the high will form in the Japanese yen or the Canadian dollar or the euro? Or if you knew where the market was headed many months ahead of time? Making an educated, accurate forecast of next year’s high and low in every currency is surely the dream of every trader—a fantasy of omniscience and unlimited power over the markets.

In trading, as in war or building suspension bridges or performing transplant surgery or creating a new auto design or any complex undertaking, success is a function of many different ...