Long Term Point and Figure Charts

Buy at one box above the starting point of the first box in a downtrend
Sell at one box below the starting point of the first box in an uptrend.
A trend is defined as 10 or more boxes in the same direction.
Stop loss is when you get a signal in the opposite direction. Alternatively stop loss could be placed near support or resistance on a candlestick chart
Use the system on EUR/USD

Example
Sell at the red horizontal line which is one box below the starting point of the first box in the current uptrend.


Take profit when you are satisfied with your profit. Don't be greedy.




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