Complete Guide to Point-and-Figure Charting by Kermit Zieg, Heinrich Weber

By Kermit Zieg, Heinrich Weber

The objective of this ebook is to give an explanation for point-and-figure charting to ecu traders and investors, and to teach why it's the highest quality technical software for timing access and go out issues in shares, indices and different securities.The booklet is written for all degrees of dealer, from the amateur to the skilled. It begins by means of explaining the fundamentals of point-and-figure, and by means of exhibiting its benefits over different different types of chart. Readers are then given step by step directions on find out how to begin a point-and-figure chart from uncomplicated cost info, and the way so as to add to it daily utilizing uncomplicated ideas in accordance with finish of day highs and lows. The emphasis is on simplicity and clarity.The part on chart interpretation introduces the fundamental purchase and promote signs, and is going directly to clarify the extra complicated indications, in each one case illustrating the development, and the fitting access and go out issues, with color charts from FTSE shares and indices. It additionally exhibits how pattern strains are included right into a chart.The most recent point-and-figure buying and selling options are lined extensive. The authors convey tips on how to: use horizontal and vertical counts to estimate the scale of fee strikes, use stop-orders to guard positions, use pyramiding to maximize ecocnomic traits, and use swing buying and selling together with p&f. in addition they express the right way to adapt your buying and selling type to the volume of capital you may have to be had and for your possibility tolerance.In the later sections of the ebook, the authors pay attention to optimisation of p&f buying and selling and the avoidance of the commonest catch - 'over-fitting', and on research of the profitability of p&f buying and selling. They exhibit conclusively that time and determine, adequately utilized, produces constant and trustworthy gains acrossa number of markets.In precis, Heinrich Weber & Kermi

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They can, however, be changed in size. MC], both with volume, by MetaStock As shown above, it is useful to be able to have various charts in different windows for comparisons. 7 – PFScan with trend lines, counts and signals In this screenshot of PFScan, you can see automatic trend lines (bullish support and bearish resistance), plus current resistance and support levels (on the scale at the right side). There is a list of additional indicators, price targets and signals shown in the right split-window.

With those numbers you can – by multiplication by 10 – get to any scale-values you want. 5, (30 boxes) 29 to 60, box size 1, (31 boxes) then in order to get the scale for bigger values you multiply the range limits and the box size by 10, 100, 1000, 10000 etc. If you want a scale for smaller values you divide range and box sizes by 10 or 100. Let’s say that you want a scale for a stock that traded between 230 and 780. You multiply the above values once by 10, and you get: • • • 60 to 140, box size 2, (40 boxes) 140 to 290, box size 5, (30 boxes) 290 to 600, box size 10, (31 boxes) then you multiply by 10 once more to get • • • 600 to 1400, box size 20 1400 to 2900, box size 50 2900 to 6000, box size 100.

Remember the most important task in computing is: back up! Chapter 6 details the use of computers and the programming of p&f charting in more detail. 24 Drawing Point-and-Figure Charts Learning by doing The best way to learn how to draw a p&f chart is to work through an example. This is what we will do in this section. The table below should be considered an excerpt of stock data. It is shown in the most widely used format, namely: 1. 2. 3. 4. 5. 6. 00 2345000 Please read through the instructions overleaf, then roll your sleeves up, take a piece of paper and a pencil, and try to do the chart yourself.

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