Trading With Point And Figure Charts (Part I)
Point and figure trading in many ways is similar to the support and resistance breakout trading on bar or candlestick charts. The main difference is the look and functionality of the price charts themselves!
Bar charts and candlestick charts show the high low open and close price for a given period. Point and figure charts represent price in a radically different manner from the more familiar bar and candlestick charts. Many forex charting platforms provide the option of point and figure charts.
Point and figure charts do not show any timeframe. This may confuse you in the beginning. Point and figure charts …
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