Forex Point and Figure charts.
Point and Figure Chart.
How to Read the Chart.
Point & Figure charts consist of columns of X's and O's which show an uptrend or downtrend in the price respectively. The numbers and letters in the chart represent the beginning of a month (e. g. 9 for September, A for October, etc.) To eliminate minor price fluctuations, P&F charts define a minimum price movement called Box size. If the price rise or fall is less than the box size, it is not indicated on the chart. A column change from X to O or vice versa happens when the prices reverse in the amount of "Reversal" size (typically 3) multiplied by Box size.
For example, in the P&F chart for EUR/USD, if the Box size is 30 pips (indicated with B:0.0030), and Reversal size is 3 (R:3) and we currently have an uptrend (column of X's), a price increase of more than 30 pips over a period of time will add more X on top of the column while a price decrease of more than 90 pips will reverse the trend and create a column of O's corresponding to the amount of fallen price.
* - Please note that trend lines can be drawn differently depending on the user.
Note: These charts are based on 3-hour closing prices (ask and bid average) over the last 18 months.
This is for general information purposes only - Examples shown are for illustrative purposes and may not reflect current prices from OANDA. It is not investment advice or an inducement to trade. Past history is not an indication of future performance.
© 1996 - 2017 OANDA Corporation. All rights reserved. "OANDA", "fxTrade" and OANDA's "fx" family of trademarks are owned by OANDA Corporation. All other trademarks appearing on this Website are the property of their respective owners.
Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks. Refer to our legal section here.
Financial spread betting is only available to OANDA Europe Ltd customers who reside in the UK or Republic of Ireland. CFDs, MT4 hedging capabilities and leverage ratios exceeding 50:1 are not available to US residents. The information on this site is not directed at residents of countries where its distribution, or use by any person, would be contrary to local law or regulation.
OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association. No: 0325821. Please refer to the NFA's FOREX INVESTOR ALERT where appropriate.
OANDA (Canada) Corporation ULC accounts are available to anyone with a Canadian bank account. OANDA (Canada) Corporation ULC is regulated by the Investment Industry Regulatory Organization of Canada (IIROC), which includes IIROC's online advisor check database (IIROC AdvisorReport), and customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at cipf. ca.
OANDA Europe Limited is a company registered in England number 7110087, and has its registered office at Floor 9a, Tower 42, 25 Old Broad St, London EC2N 1HQ. It is authorised and regulated by the Financial Conduct Authority, No: 542574.
OANDA Asia Pacific Pte Ltd (Co. Reg. No 200704926K) holds a Capital Markets Services Licence issued by the Monetary Authority of Singapore and is also licenced by the International Enterprise Singapore.
OANDA Australia Pty Ltd  is regulated by the Australian Securities and Investments Commission ASIC (ABN 26 152 088 349, AFSL No. 412981) and is the issuer of the products and/or services on this website. It's important for you to consider the current Financial Service Guide (FSG), Product Disclosure Statement ('PDS'), Account Terms and any other relevant OANDA documents before making any financial investment decisions. These documents can be found here.
OANDA Japan Co., Ltd. First Type I Financial Instruments Business Director of the Kanto Local Financial Bureau (Kin-sho) No. 2137 Institute Financial Futures Association subscriber number 1571.

Point and figure forex.
You will come across numerous indicators which are time-oriented for market analysis. They are great regarding the usefulness, and for that, you think that they are also very accurate. Though it is undeniable that some of them are, most indicators lag behind the market. Moreover, so unknowingly, even veteran traders tend to convince themselves into false trading moves and go after sideway markets. What they need is an indicator which rather than focusing on time, concentrates only on the price and market movements. Good heavens they have an option, and it is known as point and figure forex indicator.
So how’s it different from normal charting systems?
Point figure forex mode is mainly a chart system which focuses primarily on price alterations. Moreover, only price adjustments. The thing with the majority of the trading systems is they involve candlesticks, bar charts and line charting systems.
With these incorporations, traders track particular timeframes and eye-ball the price of currencies over the span of minutes, weeks, months and so on.
Well, there is nothing wrong in that and traders using them have been very successful. However, as said above, it does lag behind in time just a tad. Moreover, there lies its only but decisive flaw - its accuracy!
Point and figure forex system, on the contrary, is very different. Here time holds irrelevancy. When working with this, if you find there is no changes in the price of currencies or say commodities, no new marks take form.
It's a contradictory concept which is also its central point!
Traders who trade with point and figure forex method say that it only displays the thing which needs analysis. This implies to the price movement. Moreover, in many ways, even experts on giving a thought to it incline to agree.
These traders say that forex trading involves currency transactions. Rather than looking focusing on time which is an arbitrary mode of trading, price movements should deserve their attention and subordination.
The fact of the matter is, it hardly matters whether a day, week, month or year has done by. Profits only come when price moves up and down.
Moreover, since this point figure charts forex displays price and its changes, this system is quite adept in usability.
Point and figure forex system - Great for volatile markets!
Point figure is ideal for volatile markets. The clear cut and impeccable price data are what traders look for. Moreover, since they get it, it becomes easy to trade in extreme volatility.
Where there is a volatile market, there lay the profits! Experts who still use this system opine you need to look at predictable fluctuations or ‘ Controlled volatility’ in their lingual. That is where the big bugs lie. Moreover, as forex is the only trading venture which presents such Controlled volatility, there the explanation why traders harvest so much cash.
Point figure forex is perfect for those big booming movements. Plus with less possibility of false signals, there’s only one way where your earnings will head off to.
No harm is giving it a shot!
There are manuals available over the web for those want to learn point and figure forex system. If you are interested, grab one immediately and test it out on a demo account.
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.
Recent posts:
Jun 24, 2017 11:50:17 PM.
Going by definition, pivot points are a set of indicates that traders use to ascertain probable turning points in market. These are widely used in almost every commod.
Jun 24, 2017 11:42:25 PM.
Forward points are a key component of trading in currency markets. In lay man’s terms, forex forward points are a collection of basic points. These basic points.
Jun 24, 2017 11:19:48 PM.
In simple English, the entry point is a price at which a buyer buys any sort of investment. This term is applied in all markets, whether it is stocks, shares or Forex. Tr.
Camarilla pivot forex points mainly focus on the 3rd and 4th support and resistance le.
Any trader who has a basic idea of support and resistance will tell you that pivot points.
Get access to the exclusive materials and additional analytical tools by Claws & Horns.
Dear traders! Follow our Telegram channel and get access to a daily efficient analytical package delivered by true experts:
- unique analytical reviews and forecasts;
- technical, fundamental, wave analysis;
- experts' opinions and training materials.
This website uses cookies to enhance your experience. By continuing to browse the website, you are agreeing to our use of cookies.
Risk Warning: Trading on financial markets carries risks. Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Click here for our full Risk Disclosure.
LiteForex Investments Limited registered in the Marshall Islands (registration number 63888) and regulated in accordance with Marshall Islands Business Corporation Act. The Company’s address: Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960. : clientsliteforex.
Liteforex Investments Limited does not provide service to residents of the USA, Israel, Belgium, and Japan.

Point and Figure.
Point and Figure is a charting technique used in technical analysis, used to attempt to predict financial market prices. This kind of charting is unique in that it does not plot price against time as almost all other techniques do. Instead like Range Bars, Point & Figure Charts do not consider TIME only PRICE . It plots price against changes in direction by plotting a column of Xs as the price rises and a column of Os as the price falls.
The charts are constructed by deciding on the value represented by each X and O. Any price change below this value is ignored so point and figure acts as a filter to filter out the smaller price changes. The charts change column when the price changes direction by the value of a certain number of Xs or Os. Traditionally this was one and is called a 1 box reversal chart. More common is three called a 3 box reversal chart.
Point & Figure trend lines do not follow the exact same conventions as trend lines for bar charts, and are much less subjective. First, they do not necessarily have to connect previous tops or bottoms. Second, the way they are constructed will always result in them being charted at 45 degree angles (or -45/135 degrees if decreasing). Trend lines are very important in point & figure analysis.
Point & Figure patterns(when to BUY/SELL)
Point & Figure patterns are especially useful in determining entry points and logical stop loss points. There are few different patterns in the Point & Figure methodology. As the chart appears, they will create a series of these patterns. If the series is mostly of positive patterns, then demand is in control of that issue. If the series is mostly of negative patterns, then supply is in control of that issue.
The most common Point & Figure patterns are shown at following image with noticed buy/sell signals.
*Keep in mind, that patterns are only one of several things we look at when evaluating any equity. When analyzing the P&F charts to determine the moment to to buy or sell shares, the following criteria must be evaluated: Patterns, Trend Lines, Price Objectives, Market Indicators.
There are several methods for determining the price objective on a Point & Figure chart, the most popular is the vertical and horizontal count methods. The vertical method measures the length of the thrust off a high or low and projects the thrust to obtain a target. The horizontal method measures the width of a congestion pattern and uses that to obtain a target.
The Point & Figure technique is over 100 years old. “Hoyle” was the first to write about it and showed charts in his 1898 book, The Game in Wall Street. Richard Wyckoff also described the technique with charts in his 1910 classic, Studies in Tape Reading. The first book/manual dedicated to Point and Figure was written by Victor Devilliers in 1933. Chartcraft Inc, in the USA, popularized the system in the 1940’s. Cohen founded Chartcraft and wrote on point and figure charting in 1947. Chartcraft published further pioneering books on P&F charting, namely those by Burke, Aby and Zieg. Chartcraft Inc is still running today, providing daily point and figure services for the US market under the name of Investors Intelligence. Veteran Mike Burke still works for Chartcraft, having started back in 1962 under the guidance of Cohen. Burke went on to train other point and figure gurus, such as Dorsey.
Du Plessis describes their development from a price recording system to a charting method. Traders kept track of prices by writing them down in columns. They noticed patterns in their price record and started referring to them first as fluctuation charts and then as figure charts. They started using Xs instead of numbers and these charts became known as point charts. Traders used both point charts and figure charts together and referred to them as their point and figure charts, which is where Du Plessis suggests the name point and figure came from. Modern point and figure charts are drawn with Xs and Os where columns of Xs are rising prices and columns of Os are falling prices, although many tradionalists such as David Fuller and Louise Yamada still use the Xs only point method of plotting.
Advantages of Point & Figure charts:
Easy to understand.
It only takes a few minutes to become adept at Point and Figure charting.
The techniques are very simple and don’t require math or prior knowledge of the currency trading market. Feel free to test them with any company such as FXCM .
Point & Figure charts are simple to understand and easy to apply. They clearly indicate underlying trends, allowing traders to stay calm in the face of volatility. It focuses or what really matters: Price movements.
All other technical analysis is based on a fixed time axis — a bar per given period of time. This time based bias can lead to false signals with periods of little or no up or down movement. When PRICE is exclusively analyzed, amazing and powerful trading signals emerge. The frustration of false signals is greatly reduced. The methodology is a chart and trading system all in one.
Not only does the Point and Figure chart depict price moves, but most importantly it translates directly into a trading methodology producing clear buy and sell signals. It has been rigorously tested, and it works.
Numerous academic studies have been conducted over a span of decades showing Point and Figure is profitable. There are exact decision rules.
Point and Figure charts provide specific entry and exit points, eliminating the common faults of keeping a bad trade too long, or getting out of a really profitable one way too soon. It gets you in on the major move.
In Forex this is especially important because the Currency Pairs trend very well and often give massive moves in one direction or the other. You’ll be wisely holding that trade while others are jumping out. It works the same for both Long and Short positions.
Clear Stop Loss and Profit Targets are easily calculated BEFORE the trade, no guessing required. It ramps up winning trades and keeps loosing ones small in scale.
Using the “Pyramiding Technique” you ramp your profitable trades and leave your losing ones in single increment size. It generates crystal-clear trend lines.
In contrast to the typical bar chart and other charting methods, Point and Figure is non ambiguous about where to place trend lines. Again, no guessing required.
* for 4 digit price MetaTrader 4 plaftorm (i. e 1.2513)
* for 5 digit price MetaTrader 4 plaftorm (i. e 1.43312)
* for 4 digit price MetaTrader 4 plaftorm (i. e 1.2513)
* for 5 digit price MetaTrader 4 plaftorm (i. e 1.43312)
Free version (1.1) of indicator here:
Newest comments.
Michal (admin) on Point and Figure MS Excel Spreadsheet (free) Michal (admin) on How to get v1.3 – BUY (only 29$) Kurt on Point and Figure MS Excel Spreadsheet (free) Chris on How to get v1.3 – BUY (only 29$) Semper Augustus on How to get v1.3 – BUY (only 29$) Michal (admin) on How to get v1.3 – BUY (only 29$) Michal (admin) on Cute PnF indicator v 1.3 released! Brent on How to get v1.3 – BUY (only 29$) Francis Dharmasiri on Cute PnF indicator v 1.3 released! Michal (admin) on Cute PnF indicator v 1.3 released!
Point and Figure – Forex © 2017. All Rights Reserved.

Point and figure forex

Cute Point & Figure indicator for MetaTrader 4.
Point and Figure - Forex Blog.
Cute PnF indicator v 1.3 released!
Hello, newest version – 1.3 of Cute Point and Figure indicator is released! What’s new in v1.3: * Added ability to add fully customizable(width, period, color) moving averages * Added mail alert when new...
19% discount for commercial Cute PnF indicator!
If you are interested – there is 19% discount for any commercial version of Cute PnF. More info here: forexpnf. info/discount/ Coupon code is: givemethat * Redemption count is limited.
Moving averages in point and figure.
Hello, few users asked in their comments about moving averages in point and figure charting method. How to draw moving averages, how to calculate and how to get signal from MA – when to...
Point and Figure MS Excel Spreadsheet (free)
Hey there, some of you were asking about MS Excel Spreadsheet for drawing PnF charts. So here it is, free to download and use. Press here to download. *If download doesn’t start – try...
Point and Figure patterns added.
Hello, nice to see you again! Point and Figure pattern is special X’s and O’s column’s formation, which give us more clear and filtered view of a chart, which we trade on. Decision –...
New blog section – 1000 free forex indicators.
Hi all, i have updated forexpnf. info blog a little bit. Now in upper menu you can find “Other Forex Indicators” section, which includes about.
1200 freely downloadable indicators for Meta Trader 4 platform. So,...
Moving Avarage and alert feature addition.
Hi, I’m working on MA(moving average) addition to Cute PnF. There will be two customizable moving averages (look at the picture below). Newest version will also include OnNewColumn alert feature. Cute Point and Figure...
How to deal with trendlines.
Hi, i’ve get an question from David, who asked me: “Is there a way to make the grid/box a perfect square. It makes 45deg lines easier.” I thought – it can be useful to...
Site was under maintenance 04.05-07.
Forexpnf. info was down for 2-3 days. This issue was due to moving from one hosting to another(really fast one). It is possible that some of the comments and voting results are lost… Sorry for...
New Cute PnF indicator v1.2 features discovered!
Hello everybody. As i said some time before – i am still working under the 1.3 version of Cute Point and Figure indicator. There are still a lot of things that must be done…...
Plotting trend-lines with Cute Point and Figure indicator v.1.2 (instructional video)
Good evening 🙂 ! Trend-lines plotting instructional video is finished, watch it below or here: youtube/watch? v=_ZLM3dZZi_M For written step-by-step instructions – how to plot trend-lines with Cute PnF v.1.2 – go to new section...
Blog news & plans.
Hey all, i have updated forexpnf blog. From now in upper menu you can find “Other FX stuff” section, which includes: *Realtime FX Charts – kind a cool stuff – online Point and Figure...
Cute Point & Figure indicators installation and customization (instructional video)
Hello all! Finally indicator’s installation video is finished! You can watch it below or by following this URL: youtube/watch? v=HZ9BzRzRXkM * Pay attention at 2:55min of the video – this option saves your CPU speed....
Polls results: do you need Point and Figure(PnF) indicator for Meta Trader?
Hello, i am back! This are results of oldest poll. 42 from 52 said – yes we need it, so lets use it and talk about it! If you have any questions about Point...
Hello dear friends and Cute Point and Figure users! Want to announce that i will be offline for a week(maybe two) and i will not be able to answer to your comments and questions...
* for 4 digit price MetaTrader 4 plaftorm (i. e 1.2513)
* for 5 digit price MetaTrader 4 plaftorm (i. e 1.43312)
* for 4 digit price MetaTrader 4 plaftorm (i. e 1.2513)
* for 5 digit price MetaTrader 4 plaftorm (i. e 1.43312)
Free version (1.1) of indicator here:
Newest comments.
Michal (admin) on Point and Figure MS Excel Spreadsheet (free) Michal (admin) on How to get v1.3 – BUY (only 29$) Kurt on Point and Figure MS Excel Spreadsheet (free) Chris on How to get v1.3 – BUY (only 29$) Semper Augustus on How to get v1.3 – BUY (only 29$) Michal (admin) on How to get v1.3 – BUY (only 29$) Michal (admin) on Cute PnF indicator v 1.3 released! Brent on How to get v1.3 – BUY (only 29$) Francis Dharmasiri on Cute PnF indicator v 1.3 released! Michal (admin) on Cute PnF indicator v 1.3 released!
Point and Figure – Forex © 2017. All Rights Reserved.