Point and Figure for Forex

Point and Figure for Forex

To trade using point & figure charts is to trade  based on  pure  price action. One of the best-kept secrets about this granddaddy of technical analysis charting methods lies in the fact that it is ideally suited to analyzing and trading the Forex market.

The Basics

Point and figure charts originated in the 19th century as an innovative method for graphically plotting price action in the financial markets. One of the unique aspects of P&F charting is that generally ,only the most important aspect of technical analysis price is recorded on the charts.

To read more,please download the book.

By James Chen,CTA


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Reply david yobvb Says
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thanks pipsafe for your article but I dont understand well please explain more about using p&f in forex I wait



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