Readers reviews of De Villiers and Taylor on Point and Figure
Charting
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This is one of the classics of point
and figure charting. It covers all the essential point and figure chart patterns,
including catapults, fulcrums, point and figure count, congestion areas etc.
The De Villers method is the only point
and figure method that permits the mixing of X and O in the same column. Neither the
classic or Chartcraft methods allow this to happen. This mixing is mainly due to the
primary data sources used in the construction
of DeVilliers style charts. This is the ticket tape. The one box and one box reversal
charts rely on what we now call course of trades data. They are essentially based on tick
data.
The construction of three box, and
three box reversal charts does not use end of day data figures. Instead it is a
consolidation of the tick data into more manageable scales. This condenses the one point
moves.
The De Villers method is an excellent
application of point and figure charting to intraday trading. It is the method used by
floor traders to mark the back of their trading cards. It is the methods that should be
applied to intraday charts.
For traders interested in point and
figure charting, this is an essential book. A detailed discussion of the differences in
point and figure construction methods is on the web site under the Point and Figure
button.

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