Charles Drummond

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Charles Drummond (born 1936) is a Canadian trader and market technician. He is a securities trader, author, educator, speaker and technical analyst. He developed and popularized the "Point and Line" method of technical analysis,[1] which is also called "P&L Charting" and Drummond Geometry. His methods are in use today among technical analysts and traders around the world.[2][3] In recent years his work has also been noted by Forex Traders.[4] Drummond is the author of nine books[5] and a website.


Drummond was raised and had the greater part of his career in Toronto, and traded in the Toronto futures exchanges in the 1970s and 1980s as he developed his theories. In the late 1980s he relocated to Nova Scotia where he maintained an organic farm and wrote many of his works on technical analysis.

Further reading[edit]

Books and publications by Charles Drummond[edit]

  • How to Make Money in the Futures Market…and lots of it! By Charles Drummond. 1978, 575 Pages. Hearne Associates/Drummond Publications (Chicago).
  • Charles Drummond on Advanced P&L, by Charles Drummond. 1980, 547 pages. Hearne Associates/Drummond Publications (Chicago).
  • The P&L Labs, by Charles Drummond. 1981, 260 pages. Hearne Associates/Drummond Publications (Chicago).
  • The 1-1 Paper, by Charles Drummond. 1985, 277 pages. Hearne Associates/Drummond Publications (Chicago).
  • The Energy Paper, by Charles Drummond. 1991, 18 pages, Hearne Associates/Drummond Publications (Chicago).
  • P&L Accumulation/Distribution: Knowing When to Trade, by Charles Drummond. 1993, 185 pages. Hearne Associates/Drummond Publications (Chicago).
  • Knowing Where the Energy is Coming From, by Charles Drummond. 1995, 190 pages. Hearne Associates/Drummond Publications (Chicago).
  • Pattern Picking, by Charles Drummond. 1996, 22 pages. Drummond Publications.
  • Predicting Next Week’s Range (& understanding how the daily plays it out), by Charles Drummond. 1996, 62 pages.
  • Psycho Paper ’96: P&L’s Connection with Awareness, by Charles Drummond. 1996, 160 pages. Hearne Associates/Drummond Publications (Chicago).
  • The Lessons, by Charles Drummond and Ted Hearne, 1997-2001.


  1. ^ Mark Douglas, "Trading in the Zone", New York 2000, p. 96.
  2. ^ "Picking off Significant Market Turning Points ", by Ted Hearne, ChartPoint Magazine (Singapore) April 2002
  3. ^ "Geometria Drummonda, Wyprzedzic' Tlum", Parketiet Gazeta Gieldy Profesjonalny Inwestor, Warszawa, (Pazdziernik '99) pp. 8-9. ISSN 1231-1207
  4. ^ David Keller, "Breakthroughs in Technical Analysis: New Thinking from the World's Top Minds", New York, 2007, Bloomberg Press, pp. 1-19.
  5. ^ "Trading Exhausts" by Ted Hearne, Futures Magazine (September 1999, pp. 44-47 )

External links[edit]