Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Reaver

Does anyone use point and figure charting?

Recommended Posts

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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!

Share this post


Link to post
Share on other sites

I found it a pretty nice book it actually made me want to incorporate (or even replace!) my charts with P&F. At the time that wasn't appropriate but I'm sure I'll revisit it one day. One of the nice things was that it discusses shorter time frame charts. One of the nice things about P&F is that I think you can probably come up with more disciplined (even mechanical) ways to trade fairly simply.

 

Cheers,

Share this post


Link to post
Share on other sites

Blowfish,

 

Thanks for the info. Would you say that taking the time element out of the equation was beneficial, or merely another way of seeing the same stuff?

Share this post


Link to post
Share on other sites

It certainly focuses you on price (which I guess is king). I think it was in that book that he proposes a simple X box reversal system. Doesn't get much easier than that as a basis for a simple trend following system. It's an interesting way to view the market that's for sure.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.