Who’s online There are currently forex point and figure trading system users online. Submitted by Edward Revy on February 28, 2007 – 15:30. And here we are again talking about the strategy that withstood the test of time. This Forex trading method is based on the same study of defining support and resistance levels and trading upon the fact of their violation.
A trading setup requires only an open chart and no restrictions for the currency or timing preferences. 2 and point 3 and project it on the chart for exit. When MACD lines cross downwards, you look for 1-2-3 set-up to form. Submitted by Neelan Narasimulu on May 4, 2007 – 09:15. Please advise if the “latest price peak” is the last lowest point or the last highest point.
Or is it the last low point after a small swing, even though not the lowest point. Submitted by Edward on May 5, 2007 – 08:04. Submitted by Peter on October 13, 2007 – 08:32. Let me add some notes to this strategy. First of all it has indeed no time frame limitations, e.
1 minute charts with the same success as on weekly ones. I’d like to add that in general the larger the number of price bars involved in 1-2-3 pattern the larger is the move after a breakout. This helps in trade planning and exits. Submitted by User on October 21, 2007 – 00:30. I just want to ask that do we need also to look on the direction of MACD histogram ?
Submitted by Edward Revy on October 23, 2007 – 10:23. Sell suggestions: reading above zero line will suggest a Buying mode, below – Selling. Should any questions remain, please feel free to ask. Submitted by CJA on December 23, 2007 – 01:01. Submitted by Edward Revy on December 23, 2007 – 05:36. Submitted by Florian on January 13, 2008 – 12:32.