What Are Point & Figure Charts & How To Trade Them

Point and Figure Charts

The Point and Figure chart presents price movements that are independent of time. P&F charts plot X’s and O’s that form columns for price fluctuations. Originally, P&F charts were built for stock trading, but now they are used in every financial market, including forex trading. What are the Point and Figure charts? The Point and Figure charts, like its competitor’s line chart or the candlestick chart, illustrate the same amount of data, the difference its structure compromises of X’s and O’s rather than lines candlesticks. The P&F display data on the basis of X’s and O’s. The X represents a …READ MORE