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Re: Point and Figure for Forex?
Pip
A thought struck me.
Try eurodollar at a 25 pip box with a three box reversal that will filter out anyhtng less that a 75 pip reversal and will not move the box unless there has been a 25 pip move over the previous box then try a 25x2 and 25x1 then do the same at 50 pips and again at 10 then you should see a lot of difference in patterns.
you will then be able to compare what you see with what you do now - you may be a monthly 400 pip move trader or a 25 pip scalper. I dont know but you will see what happens. The bigger the box and reversal the less columns you get but the bigger the potential drawdown before a reversal is signalled. Do a bit of search engine trawling and you should pick up enough to get off the ground but dont trade till you understand the signals and price prediction with confidence. Cheers trif.
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