Help with Point & Figure

[imanputera]

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

[imanputera]

Re: Help with Point & Figure

 

here is Point & Figure indi

 

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

[imanputera]

Re: Help with Point & Figure

 

Another PDF P&F

 

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

[ruddy]

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?

[pvs]

Re: Help with Point & Figure

 

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

[TheBeast]

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.

[eqqismar]

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” :)

[nkp9999]

Re: Help with Point & Figure

 

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

[imatache]

Re: Help with Point & Figure

 

Tom Dorsey's book can be downloaded from here directly:

4shared.com/file/120712570/425d3681/point_and_figure_charting.html?s=1

[JUINERTY2]

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

[100pips]

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.

[mubi99]

Re: Help with Point & Figure

 

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

[vagalume]

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.