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Point & Figure Explained with Chart to make money

Posted By On 6/25/2009 10:51:00 PM Under

1. Point and figure is an old technique with its origin ranging back 100 years and its detailed history can be found in Jeremy du Plessis’ ‘The Definitive Guide to Point and Figure, ISBN 1-897-59763-0’.

2. One can call Point & Figure as a chart which has day to day price movements plotted without taking into consideration the passage of time. By using this technique one is able to filter out non significant movements in price and thus one can find support and resistance with certainity.

3. Point and figure charts are composed of a number of columns that either consist of a series of stacked Xs or Os. A column of Xs is used to illustrate a rising price, while Os represent a falling price.

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