Running profits using the chandalier method and point and figure charts.

Legslapper

Junior member
19 0
Good morning,
I have 2 questions that somebody may know the answer too. Have other people found trading using point and figure charts very effective. Also, is there any similarity between that and some Japanese charts eg.Renko, Kagi and 3 line break.

My second question is anybody using the Chandelier method (Chuck Le Beau's)of trialing stops on weekly charts. If the price rises the trailing stop is adjusted by being connected to the highest high. Do you look for the highest high on a daily basis or weekly basis.

Regards, John
 

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