Even trade Forex profitably will need to capture trends and continue with it until you complete a considerable part of the early stages of development. While there are many indicators available these days for the trader to help him in the purposes of determining the trend and trading patterns, the point chart and figure beats what desires in terms of simplicity in the trading signals that the Ptullidha as well as the regularity of view. Strengths in the P & F charts are mainly in its simplicity. Although it may seem At first glance complex or difficult for the trader inexperienced, but in fact it is a characterization or drawing a brief market movements as it makes it an ideal choice for strategies follow the trend and he wants them rolling in the exclusion of most of the corrections and price fluctuations for tracking the main thrust in the market. Point and figure chart consists of frames Os and X. X refers to the uptrend and the price moves upwards through a period of time with O refers to a period of falling prices. But, unlike other types of graphs, the P & F charts do not you sign all price movements during a certain period of time. There are two important criteria to include any price movement that occurs daily in the scheme of P & F: the price range and the amount of reflection. The size or extent of scale refers to the value or the minimum amount that must be price Athrkh higher last daily closing price in the column Xs (in the case of an uptrend), or below the level of the previous day's close in the list of Os (in the case of the falling trend). The extent or amount of reflection refers to the minimum that must be different from the price movement with the current trend. It represents the minimum which Snanajh exclude X's column in order to start a column Os if necessary H price to decline and vice versa in the case of an uptrend. In other words, as long as it remains reflectance less than the amount specified in the reflectance uptrend will continue our column or list of X's and the same thing if we will remain conservative downtrend on a column or a list of Os. In the stock market, the volume scale is often one and the amount of correction 3. It may seem a bit complicated, but in fact is very simple. Traders will buy or sell at the reversal points. For example, after a period of continuing to write down a list X's chart may begin to show O, this means that we are probably in the process of a price reversal and thus sales strategy will be the favorite in the market. On the contrary, you may prefer to continue with the current trend as soon as it appears, then continue buying and selling as long as the main trend remained intact. Since P & F charts do not include only strong price movements, the implications and trends that are identified can be very reliable. Point and figure charts are not very popular among traders as many Forex brokers do not include them in major Baqathm. But nevertheless, this is not enough to use this tool as less effective than other chart tools. If you prefer this type of graphs in stock trading and want to use it in forex, I think there is no reason to prevent you from this. The same rules and principles remain valid but due to the nature of point and figure charts which are complex you can make calculations in the drawing parts by hand all the time.