Discover and read the best of Twitter Threads about #pointandfigure
Most recents (2)
Before starting to trade straddles, I went thru the TL of the master, @ap_pune, to look for gems of his wisdom. Following is a compilation enough to inspire a lot of ideas. Hope it helps fellow traders like it did to me. @Definedge
#pointandfigure #straddle #tradepoint #Opstra
#pointandfigure #straddle #tradepoint #Opstra
Thread: P&F Super Pattern
An effective price pattern defined using properties of P&F charts.
#Superpattern #Pointandfigure #Definedge
An effective price pattern defined using properties of P&F charts.
#Superpattern #Pointandfigure #Definedge
Point & Figure is an oldest charting method where price is plotted vertically, and the chart moves only when price moves. It is a different way of looking at the price, the objective box-value and reversal value offers advantage of identifying objective price patterns.
When price is moving up, it is plotted in a column of 'X'. When it is going down, it is plotted in a column of ‘O’. Normally, three-box reversal criteria is used to define the trend & reversal. Unlike a bar or candle, the P&F column can have multiple sessions in it.
