## Point and Figure, Charting Method Patterns,rules.

Posted 8 Apr. in #Pattern #Point And Figure #P&f #Charting Method
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Point and Figure / by Zev Laibman. This article describes an old charting method which has recently gained popularity. The Point&Figure method provides the investor a road map that clearly depicts the battle between supply and demand based on pure price action without time factor or volume. History Traders were always looking for a simple way to organize data in a manner that allows them trade the market easily. They used to take records on paper in columns according to the price’s movements. Its name was a “figures” chart. Charles Dow found a way to organize the data back from 1800's. He was the pioneer who logged stock price movement and created an analysis method called "Figuring" that eventually led to the Point&Figure method. The first charting technique used by stock market traders was “point and figure” named by Victor deVilliers in his 1933 book “The Point and Figure Method of Anticipating Stock Price Movements”. It was considered as an innovative method of graphically plotting price action in the financial markets. At the beginning of the twentieth century investors noticed that many of Dow's charts patterns had the tendency to repeat them which developed to a trad…
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Efegen 16 Apr.

zevik 17 Apr.

Thanks, it's also works....

Likerty 18 Apr.

Why dount you use candles or bars instead? These looks necessarily complicated..

zevik 19 Apr.

I use candles too, as I know both methods, I'm much more successful using P&F, to me - looks less complicated.

Hey, looks like a Tic-Tac-Toe game !!!!! :) just kidding... Very Interesting !

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Greetings to all and
This is my first article and I hope it is interesting to you.There are various
methods of graphic representation of price movements of financial instruments,
mainly can be divided into 2 groups:
1. By time - the graph shows the
price movement for a period of time
2. By price - the graph shows the price movement in a specified range
regardless of elapsed time.
JForex platform enables us to
graphically depict the movement of prices in both ways.
To the first group are Line, Bar and Candle, which are the three most popular
method of displaying
The second group JForex platform offers us the opportunity to depict the price
movement of an instrument regardless of the time, but only within a given
range. Such graphs are Range Bar, Renko, Point and Figure (P & F).
There are other ways of representation of price movement like Kagi Chart,
Market Profile, Heikin Ashi and others.
But why most of the
indicators are presented as straight lines?
Anyway, they are the result of
price movements.
But what we know about the most
popular way to display the chart candles?
It reflects the price movement over a period of time by 4 different prices,
namely…
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looks interesting! have you drawn this on mt4? then what custom indicator do you use?

HELLO BRO!