Jumat, 29 September 2017

A New Look at the Oldest Charting Style

 
Trading Tips
 
Charting Price and Ignoring Time
Traders like to say, “we trade price, not indicator.” Traders also use charts to help them make trading decisions. Since we are only trading price, it could be helpful to use charts that are based solely on price.

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In our newest article we provide details on a charting style that ignores time. By focusing solely on price, these charts make it easy to spot the trend and they provide clear buy and sell signals.

Check it out...

Computers have obviously changed the markets and we may forget that before computers, traders needed to make quick decisions with limited tools. Among the tools was the point and figure chart which tracked price changes in a unique way. Up moves were marked with an X and an O was used to signify a down move.

These charts have withstood the test of time and has been used by traders for more than a century. In this article, we explain this charting technique.

The article covers:

• How to draw a point and figure chart.

• How to spot buy and sell signals on the point and figure chart.

• How to find price targets using the charts.

• How point and figure charts differ from more commonly used charting styles and why time doesn’t really need to be included on a chart.

• Exactly what the point and figure charts of major market indexes are telling us right now.

And more.

Read it here...

 
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