The latest point-and-figure trading techniques are covered in depth.Point and Figure charts are one of the great secrets of the Technical Analysis world.
Highly sophisticated and with a thoroughbred pedigree, they can, however, be overlooked by traders today. Jeremy du Plessis - one of the foremost Point and Figure experts in the world - returns with a fully updated second edition of this definitive guide in an effort to redress this imbalance. This second edition, with an extensive revision to the text and introduction of brand new techniques, demystifies the world of Point and Figure charting. Definitive Guide Point Figure How To Interpret ThemIt includes a detailed explanation of the history and development of the technique from its invention to the modern day, and covers the makeup of the chart patterns, why they are created, and how to interpret them. Definitive Guide Point Figure Series Of PatternsThroughout, readers are encouraged to understand Point and Figure charts from first principles, rather than just remember the names of a series of patterns. It is the first major work for 50 years to discuss in depth the original 1-box reversal method of Point and Figure charting and contrast it with the more popular 3-box reversal method. Further, the explanation of how to use Point and Figure charts to project targets and calculate risk-reward ratios is the most comprehensive ever seen. Definitive Guide Point Figure Full Discussion OfAlso featured in the second edition are: - A step-by-step analysis of the FTSE 100 Index using the 3-box method, as well as the NASDAQ Composite Index, using the 1-box method - A detailed discussion of optimising techniques - An in-depth chapter on Analysing Point and Figure charts, extensively rewritten from the first edition - A new explanation of how Point and Figure parameters are chosen and the implications of choosing them - Two new Point and Figure construction methods never seen before - Point and Figures contribution to market breadth, with a look at bullish percent and two brand new indicators - Full discussion of Point and Figure gaps and how they provide valuable information about the chart - Lesser known, more advanced techniques such as the use of moving averages, parabolic SAR and Bollinger Bands on Point and Figure charts - Price and volume activity histograms and how they provide information about support and resistance All this is illustrated with numerous colour charts and observations from years of trading experience. According to du Plessis, Point and Figure charts are the voice of the market. ![]() This should change with the long-awaited publication of this book. Jeremy du Plessis - one of the foremost Point and Figure experts in the world - has written what can truly be described as the definitive guide to the topic.For the first time this book thoroughly demystifies the world of Point and Figure charting, with a detailed explanation of the history and development of the technique from its invention to the modern day. The book covers the makeup of the chart patterns, why they are created, and their interpretation. Further, the explanation of how to use Point and Figure charts to project targets and calculate risk-reward ratios is the most comprehensive ever seen.Also covered in detail are: - A step-by-step analysis of the FTSE 100 Index using the 3-box method, as well as the NASDAQ Composite Index using the 1-box method.- A detailed discussion of optimising techniques.- Point and Figures contribution to market breadth with bullish percent.- Lesser known, more advanced techniques such as the use of moving averages, parabolic SAR and Bollinger Bands on Point and Figure charts.All this is illustrated with numerous colour charts and observations from yearsof trading e. The aim of this book is to explain point-and-figure charting to European investors and traders, and to show why it is the most reliable technical tool for timing entry and exit points in stocks, indices and other securities. The book is written for all levels of trader, from the novice to the experienced. It starts by explaining the basics of point-and-figure, and by showing its advantages over other types of chart. Readers are then given step-by-step instructions on how to start a point-and-figure chart from simple price data, and how to add to it day-by-day using simple rules based on end of day highs and lows. The section on chart interpretation introduces the basic buy and sell signals, and goes on to explain the more complex signals, in each case illustrating the pattern, and the precise entry and exit points, with colour charts from FTSE stocks and indices.
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