A CHARTISTS PRICE GUIDE FOR NON-CHARTISTS.

Welcome .. its good to here of someone interested in 'point & figure', and if you are using this method, and see any strong signals generated, then please feel free to highlight them on here.

I have 'played around' with 'P+F' myself, and when PETERQUINT started a thread on the subject a couple of years ago, I closely followed it with great interest .. he was very knowledgeable, and was willing to share that knowledge and teach others .. unfortunately he left the thread when he subsequently moved abroad, and although the thread continued for a while .. without his input .. it eventually 'ground to a halt' last Aug.

However, the thread is still worth visiting and viewing from the start, for anyone that is interested in learning the basics .. the 'epic is P+F', and here is the link ..



With regards to the 'charting software' that I use .. there are a very large number of excellent free charting sites available on the internet, and I have tried most of them .. I eventually chose the BigCharts site, as it differs from most, by plotting the 'actual price of the trades', rather than just the 'mid-price' which ADVFN and most of the others use.

I find that the 'traded price' charts provide much more detail, particularly when viewing 'intraday' charts .. With stocks that see 'little movement', or for those that have 'wide spreads', a 'mid-price' intraday chart can often appear as a 'flat line' throughout the day, whilst the actual traded buys/sells can often vary considerably within a 'spread', which shows up on a 'trade price' chart.

This extra detail, although sometimes quite small, can often provide an advance warning of a move, which is not visible on the 'mid-price' chart. BigCharts also offers a very large selection of indicators to choose from.

If you are considering learning about these charts, don't hesitate to ask questions on here, no matter how basic, I will try and help where I can.