Easy to understand
It only takes a short time to become
adept at Point and Figure charting. The techniques are
simple and don't require math or prior knowledge of
the Forex market.
It focuses or what really matters: Price movements
Most other technical charting is based
on a fixed time axis -- a bar per given period of time.
This time based bias can lead to false signals with
periods of little or no up or down movement.
The methodology is a chart and trading system all
in one
Not only does the Point and Figure
chart depict price moves, but most importantly it
translates directly into a trading methodology producing
clear buy and sell signals.
It has been rigorously tested, and it works
Numerous academic studies have been
conducted over a span of decades showing Point and
Figure is profitable.
There are exact decision rules
Our Point and Figure charts provide specific entry and exit
points, eliminating the common faults of keeping a
bad trade too long, or getting out of a really profitable
one way too soon.
It gets you in on the major move
In Forex this is especially important
because the Currency Pairs trend very well and often
give massive moves in one direction or the other.
You'll be wisely holding that trade while others are
jumping out.
It works the same for both Long and Short positions
Clear Stop Loss and Profit Targets
are easily calculated BEFORE the trade, no guessing
required.
It ramps up winning trades and keeps losing ones small
in scale
Using the "Pyramiding Technique"
you ramp your profitable trades and leave your losing
ones in single increment size.
It generates crystal-clear trend lines
In contrast to the typical bar chart
and other charting methods, Point and Figure is non
ambiguous
about where to place trend lines. Again, no guessing
required.
|
The Powerful Advantages Of
Point & Figure Charting: