The Bars and Candlestick charts that are used to find the differences in pricing based on data of trading done in different times and on period opens and closes. The Point and Figure charting system actually focuses on tracking the changes in the prices or values itself. The factor of time is not involved in Point and Figure charting method for each figure. Prices, or values, are customarily included on Point and Figure charts in the form of Xs and Os. The movements in the Point and Figure charts take place with new markings which appear only when there are changes in the minimum box values or prices and not otherwise.
 

Technically a “box” on the chart is how a price movement is measured. A box of Xs means there is an increase in the overall value, and one should buy when the box of Xs goes up by one more X. On the contrary, a box of Os signifies a slide in the overall value, and one should sell when one O goes down in the box of Os.

A Point and Figure chart for Forex trading has two distinctive terms, namely there is no time factor used on these charts and since there is a minimum determined price/value, the price reversals disorders are eliminated.

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