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I had an email that came in asking if you could trade gold against the dollar using our Forex Point and Figure Pro. The answer is yes! Take a look at the last large Gold trend that was caught by ...
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Our custom developed Forex Point Figure Indicator. Feel free to use this indicator together with our other technical indicators (oscillators, momentum) or price action methods to maximize your trading accuracy. Free Download. Forex Point Figure Indicator. The EUR/GBP 15 minute chart below displays the Forex Point Figure Indicator in action.
Point & Figure is a charting method to help you decipher the signal from the noise in price action. You were introduced to the construction of the charts and logic in the most recent article.
4. How to Read Point and Figure Chart. A point and figure chart is much different from a candlestick chart. P&F charts deal mainly in supply and demand and how it affects price. The same as a candlestick chart. However, point and figure charts only look at closing price whereas candlestick charts look at the open, close, high and low of the day.
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Point and Figure charts can be a great time saver, conveniently summarizing trends and eliminating most short-term market "noise". They also highlight major support and resistance levels. Basics are explained at the Trading Guide: Point & Figure Charts .
Forex blog posts related to point-and-figure are presented here. You can click the selected title to continue reading the post. 2012. Forex Point-and-Figure Charting Solutions; 2009. Types of Forex Charts
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