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Old 07-29-2007, 07:53 PM   #1

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Does anyone use point and figure charting?

Just wondering if anyone had any information on the subject or opinions for that matter.
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Old 07-30-2007, 03:51 PM   #2

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Re: Does anyone use point and figure charting?

In his interview, Phantom of The Pits expressed his opinion on P&F charting.

Apparently, P&Fs are considered more reliable because they filter the market noise...

One trader I know trades exclusively on P&Fs and averages very well. Nowadays it's a rarity.
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Old 07-30-2007, 04:00 PM   #3

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Re: Does anyone use point and figure charting?

Yeah I agree. I have given it a cursory look and am considering going a little deeper into it. I am always looking for something to give me a better feel for the market.

Thanks for the info. I'll have to check out PoP.
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Old 07-31-2007, 11:28 AM   #4

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Re: Does anyone use point and figure charting?

You might want to get this book. There is a great section on P&F charting, also in entries and exits. It's the most anyone's done on explaining these types of charting on books.

Technical Analysis of the Futures Markets: A Comprehensive Guide to Trading Methods and Applications
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Old 07-31-2007, 12:55 PM   #5

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Re: Does anyone use point and figure charting?

Thanks Torero.
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Old 07-31-2007, 02:56 PM   #6

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Re: Does anyone use point and figure charting?

I have a couple of books on PF

http://www.amazon.com/Definitive-Gui.../dp/1897597630

Is arguably the best. It is also probably the most up to date.

There is a 'classic' but its name escapes me and I am not by the library right now but I though the one linked covered everything the other did and then went a wee bit further.
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Old 07-31-2007, 04:48 PM   #7

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Re: Does anyone use point and figure charting?

Excellent recommendation. I think I'll order this one just to get a better understanding on how to use it. Thanks, blowfish.
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Old 07-31-2007, 06:13 PM   #8

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Re: Does anyone use point and figure charting?

Yeah looks good Blowfish. Thanks. I am always on the lookout for new ideas to test out. My main project now is MP, but P&F reminds me of an old school version of follwing supply and demand, so I am betting they are highly correlated...Thanks for the info!
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