Simple, yet very profitable trading with the Bull's-Eye Broker Point and Figure charting software
Bull's-Eye Broker is an advanced software package which constructs and maintains stock market Point & Figure Charts. Bull's-Eye Broker is the only software package for the serious point and figure chartist and is also the ideal companion for other technical charting software. Traders and investors all over the world have chosen Bull's-Eye Broker as their preferred stock charting software since 2001.
The above picture shows the Bull's-Eye Broker Point and Figure charting software demonstrating a simple trade based on the point and figure method which generated a gross profit of $1000.
For another screenshot click here.
Point and figure is a simple charting method that follows changes in price in order to let the trader and investor for example analyse the supply and demand - the forces that determine the movement of stock prices - and find clear entry and exit signals needed for successful trading and investing!
Although this method is not very widely used, it was invented over a century ago and is one of the simplest ways of determining solid entry and exit points for successful speculation. Some professional traders say that because the Point and Figure technique is relatively unknown it gives them "The Edge". Studies have shown results in the range of 60% on invested capital using this method. And best of all, you don't even have to be an expert to achieve that using this simple method!
The point and figure method is perfect for traders and investors that do not want to make advanced calculations or try to understand the meaning of the thousands of indicators in the usual way too bloated charting softwares. Using the Point and Figure method is as simple as it gets! When there is a new figure on the chart that completes one of the buy patterns you simply place your buy order. It is all very visual, you cannot make mistakes or mis-interpret the signals.
Identifying support and resistance levels and clear entry and exit points have never been as simple as by viewing your Point and figure charts. The method simply takes away any and all guess work in technical analysis. (You could even have your mother identify the support and resistance levels using the Point and figure technique!)
For more information about Point and Figure trading, please visit our Point and Figure training section!