Point and figure charts eliminate noise and time. Hence I find them highly beneficial.
On how better to use them I recommend to refer to Neil Callard of 8 dragons capital (for forex) or Du Plessis manual on Point and Figure (meant for stocks however).
In forex we use 1 box reversal pnf charts. In stocks it is common to use 3 box reversal charts.
I prefer to use pnf charts based on close instead of highs and lows, as Callard teaches.
You can add MACD candles over and some Moving averages or Ichimoku to have a better picture what is going on.
Pnf charts generate great break out signals, especially at Frankfurt - London and New York opens. They are the best to catch breakouts.
For Pnf signals please refer to Neil Callard teachings.
I wish yoy success in your trading and a happy New Year! God bless!
On how better to use them I recommend to refer to Neil Callard of 8 dragons capital (for forex) or Du Plessis manual on Point and Figure (meant for stocks however).
In forex we use 1 box reversal pnf charts. In stocks it is common to use 3 box reversal charts.
I prefer to use pnf charts based on close instead of highs and lows, as Callard teaches.
You can add MACD candles over and some Moving averages or Ichimoku to have a better picture what is going on.
Pnf charts generate great break out signals, especially at Frankfurt - London and New York opens. They are the best to catch breakouts.
For Pnf signals please refer to Neil Callard teachings.
I wish yoy success in your trading and a happy New Year! God bless!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.