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eBook: Kermit Zieg & Heinrich Weber – The Complete Guide to Point-And-Figure Charting the New Science of an Old Art.pdf. (261 pgs.).
The book by Heinrich Weber and Kermit Zieg provides a comprehensive guide to point-and-figure (P&F) charting, designed specifically for European investors and traders. It explains why P&F is considered one of the most reliable technical tools for identifying precise entry and exit points in a variety of markets, including stocks and indices.
Key Highlights:
Target Audience: The book is suitable for traders of all levels, from beginners to experienced ones.
Point-and-Figure Basics: It starts with a clear explanation of the basics of P&F charting, emphasizing its advantages over other types of charts.
Step-by-Step Instructions: The book provides instructions on how to create and update P&F charts using simple price data, and how to apply rules based on end-of-day highs and lows.
Chart Interpretation: It covers essential buy and sell signals, as well as more complex patterns, using real-world examples from FTSE stocks and indices.
Trend Lines: It demonstrates how trend lines are integrated into P&F charts.
Advanced Trading Techniques:
Horizontal and Vertical Counts: The book explains how to estimate price movements using these counts.
Stop Orders: It describes how to use stop orders to protect positions.
Pyramiding: The authors explain how to maximize profitable trends using pyramiding.
Swing Trading: It also covers how to combine swing trading with P&F techniques.
Adapting to Capital and Risk Tolerance: Guidance is provided on how to adjust trading styles based on the amount of capital available and personal risk preferences.
Avoiding Over-Fitting: The authors focus on optimizing P&F trading and preventing common pitfalls such as over-fitting.
Profitability Analysis: They demonstrate the consistency and profitability of P&F trading across various markets.
European Focus: The book includes recent charts of FTSE and European securities, providing context for traders in these markets, as well as unpublished research on P&F’s applicability to European stocks.
Conclusion:
Weber and Zieg’s book is a definitive guide for anyone looking to understand and apply point-and-figure charting in their trading strategy, particularly valuable for European traders. It offers a structured approach to mastering P&F, optimizing its use, and achieving consistent profits across multiple markets.
