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Help with Point & Figure

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  • Help with Point & Figure

    Originally posted by mubi99
    Hello,

    Does anyone know how to use Point & Figure (P&F)? Where can I find out more information about how to use it in Forex? Is it really the "holy grail" of Forex trading?
    try this may be help u to understand
    >>>>.............http://depositfiles.com/files/7dnxrxyh3

  • #2
    Re: Help with Point & Figure

    here is Point & Figure indi

    .>>>http://depositfiles.com/files/xjyarv36n

    Comment


    • #3
      Re: Help with Point & Figure

      Another PDF P&F

      >>http://depositfiles.com/files/xaqww7sh4

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      • #4
        Re: Help with Point & Figure

        Points and figures are as old as the hills, and if you ask me, I think it doesn;t work. Why go backwards?

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        • #5
          Re: Help with Point & Figure

          It works really good, as its not time based just depends on price volatility

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          • #6
            Re: Help with Point & Figure

            I would suggest just using Range bar charts in f.i. NinjaTrader. At least that way you can still use all your favourite indicators with the benefit of having spikes filtered out.

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            • #7
              Re: Help with Point & Figure

              A big disadvantage of P&F charts is that they can’t be used with indicators, they don’t have a time scale and they don’t record gaps, plus the volume is not taken into consideration. Useful just for “old timers”

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              • #8
                Re: Help with Point & Figure

                I think Tom Dorsey's book is a good one to learn P&F.

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                • #9
                  Re: Help with Point & Figure

                  Tom Dorsey's book can be downloaded from here directly:
                  Code:
                  4shared.com/file/120712570/425d3681/point_and_figure_charting.html?s=1

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                  • #10
                    Re: Help with Point & Figure

                    P&F is not the holy grail, but can help to see some figures that you cannot see with standarts charts, because time not count

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                    • #11
                      Re: Help with Point & Figure

                      you can also try renko charts, they are not exactly same as P&F but similar in pattern recognition. These types of charts are independent of time, a new candle is only formed when it moves a certain number of pips in a direction.

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                      • #12
                        Re: Help with Point & Figure

                        Can you please explain what Renko Charts are and how to trade with them. Are there any books?

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                        • #13
                          Re: Help with Point & Figure

                          i think it's very clear to see the trends, since it's totally objective in trend lines (=45%). But you should finetune your entries, i e. waiting for retracements.

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