Point and figure forex trading system administrator


You may have to registerbefore you can post: click the register link above to proceed. To start viewing messages,select the forum that you want to visit from the selection below. Our markets move quickly. Most charting systems (includingcandlesticks, line charts and bar charts) track Point and Figure is a charting technique used in technical analysis, used to attempt to predict financial market prices.

This kind of charting is unique in that it does not plot price against time as almost all other techniques do. It plots price against changes in direction by plotting a column of Xs as the price rises and a column of Os as the price falls.How to DrawThe charts are constructed by deciding on the value represented by each X and O. Any price change below this value is ignored so point and figure acts as a filter to filter out the smaller price changes.

The charts change column when the price changes direction by the value of a certain number of Xs or Os. Traditionally this was one and is called a 1 box reversal chart.




Point forex system figure administrator and trading

Point and figure forex trading system administrator