Point & Figure & Forex by Cornelius Luca
ARTICLE SYNOPSIS ...Stocks & Commodities V. 24:4 (72-74): Point & Figure & Forex by Cornelius Luca
Why are point & figure charts well suited for the 24-hour trading arena in foreign exchange?
Typically, the majority of currency traders keep their eyes glued on bar and candlestick activity, but point & figure (P&F) charts can help them secure a profit. Line, bar, and candlestick charts need both prices and time
periods for plotting. That's not the case for the P&F charts, because you need only prices. For the purposes
of this chart, time is irrelevant. P&F charts' forte comes from the fact that they hide minor p...