Point and figure charting is the best form of charting tool if you are looking to trade without unnecessary noise in the market. Here through this course, we will learn the basics of the Point and Figure charting tool, and we will also learn some strategies in an application-oriented manner.
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Point and figure charting is the best form of charting tool if you are looking to trade without unnecessary noise in the market. Here through this course, we will learn the basics of the Point and Figure charting tool, and we will also learn some strategies in an application-oriented manner.
Mukta Dhamankar is a full time trader with over 15 years of experience in the world of stock trading. 2008 is the year when her trading journey started and she has been a Full time trader since then. She swears by the concepts of Point and Figure Charts, and use uses the concept of Relative Strength across stocks and sectors to further validate her views on market. She is a prominent speaker on ET where she analyses stocks and sectors on daily basis.
Point and figure (P&F) charts are a technical analysis tool that represent price movements of financial assets using columns of X's and O's. X's indicate rising prices, while O's indicate falling prices. P&F charts focus solely on price changes, filtering out minor fluctuations and allowing traders to identify trends, support, and resistance levels without the influence of time.
Reading a point and figure (P&F) chart involves identifying the predominant trend, spotting support and resistance levels, recognizing chart patterns, and monitoring breakouts and reversals. X's represent rising prices, while O's represent falling prices, with each mark plotted based on a predetermined box size and reversal amount.
Overtrading is the biggest pain point of any trader. Noiseless trading is the prime advantage of Point and Figure charts. Anyone willing to curb their overtrading issues will benefit from this course on Point and Figure trading.
There are no eligibility criteria for taking this point and figure trading course. If you are eager to learn and trade using point and figure charting to succeed in the market then this course is for you.
Upon successful completion of the points and figure strategy course, you will need to pass the final assessment with a graded quiz to receive the certificate of completion for the point and figure chart course.
No, This Point and Figure charting course start with the basics, making them accessible even to those with little or no experience in technical analysis. However, a basic understanding of trading concepts can be helpful.
By focusing purely on price movements, Point and Figure charts help traders identify clear trends and avoid false signals that are common with time-based charts. This can lead to better trade entries and exits, improving overall trading performance.
Though you can cover all the topics in 90 minutes, we recommend giving enough time to each and every chapter as the various concepts of Point and Figure charts along with various trading strategies have been explained in detail.
How to Trade Using Point & Figure Charts?
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