In this article I will demonstrate how Point and Figure charts may be used to trade the Forex market successfully. To understand the strategy, I suggest that you read the Point and Figure tutorial first.
The following examples show the current chart of EURUSD and how you could have traded it. The setup of the Point and Figure chart is reversal = 3 and box size = 50 pips. The whole chart covers a range of about 100 trading days.
I will show you, how you could have made some nice profits …

Inspired by a thread that I’ve read in a forum, I started a trading challenge:
Starting with an account balance of 100 and trading it all the way up to 100,000!
I know that 100 is by far too less starting capital to trade for a living. But I will try to prove that it’s possible to start with only a small balance and grow it to a size where trading for a living is possible.
To achieve this goal, I will trade more aggressively than I would trade a bigger account. Loosing …

On this page, I will keep track of my current balance. I will update the charts each and every month.

Balance at the end of each month

Balance
Profit

Start – 01/09
$100
–

01/2009
$151
+51%

02/2009
$166
+7%

03/2009
$136
-18%

04/2009
$180
+32%

05/2009
$205
+13%

06/2009
$270
+31%

07/2009
$305
+13%

08/2009
350€
(EUR? Look here)
+15%

09/2009
–
–