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[pinalli]

The EUR/JPY reversed strongly Wednesday, after treading slightly lower. The technical’s here are still bearish, though after the sequence above 135.00 failed to hold. And signals from the interest rate market suggest that EUR/JPY should be trading much lower.

The Federal Open Market Committee meeting ended with strong support in the bond market and stocks easing lower, and we saw the EUR/JPY selling on investor impulse once again. We need to see a close through the rising trend line, in order to confirm the bearish scenario.

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[MikeFile]

Originally Posted by MDunleavy

Point and Figure Charting in Forex
Rally EURJPY today.
Combined with chart patterns and suitable indicators, I have found P&F patterns provide reliable entry and exit points.

Interesting. I think PF is rather not popular on forex?

[Rich14304]

X

Personally, I like what you are doing with Point and Figure. It is a form not often seen by most and certainly not explained well.

These charts are a wonderful way to get viewers to note the relationship of ORDER PLACEMENTS and as indicated, without the visual noise.

There are research tool available for those interested in this style, and it does not hurt to take a look as it may be of some benefit.

http://www.investopedia.com/terms/p/...igurechart.asp

Thank you again for posting these fine charts reflective of Points and Figures

Rich

X

[forexnewshelp]

thanks
very nice post