Point and Figure for Forex?

[ampris2000]

i like point and figure. it gives me better acurracy on where to place limit orders.

[RebateFX]

Is this like naked chart trading?

[ForexSpotTrader]

@RebateFX

if you are concerned about indicators please note that "all" indicators are derived from price action. If prices go higher indicators go higher and viceversa, so for what do you need indicators in trading. Look at a few and stick with them if you like but if you see the price action you have all you need to succeed in the markets. All markets worldwide are governed by the irrefutable law of supply and demand and if you use point and figure charts you have all the necessary information at one glimpse. If you like to have indicators use moving avarages or bollinger bands which you can use also on point and figure charts. There are a lot more things on point and figure charts to discover it,s worth to spend some time on it.


regards

Forex Spot Trader

[apfx]

100 pips in view

[nodyce]

This just went live a few days ago:

http://forexpointandfigure.com/metatrader/index.html

It's not cheap but it appears to come with a fairly robust Point and Figure indicator for MetaTrader. Hope it helps.

-Ryan

[apfx]

Forming TripleBottom BreakOut
Short : Support Break @ 1.1313

[apfx]

AUDCAD Breaking Resistance @ 0.9040

[apfx]

Triple Bottom.

More patterns:
http://patternexplorer.blogspot.com/