Two sets of point and figure charts are used to track usd/jpy: hourly and daily. The daily PnF is used to gauge the current trend, while the hourly PnF is used to monitor the intraday fluctuation.
Both PnF charts use 3 box reversal. Hourly PnF use 25-pip box size, while daily PnF use 100-pip box size.
I uploaded some charts in picasa, I need to figure out how to insert it here.
Both PnF charts use 3 box reversal. Hourly PnF use 25-pip box size, while daily PnF use 100-pip box size.
I uploaded some charts in picasa, I need to figure out how to insert it here.
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