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Scalping Just Got Easier (And Faster) | D Scalper Explained

Mastering Straddle Trading with TradePoint's New Watchlist Feature

Support and resistance levels are essential tools in the arsenal of every trader and investor. These levels act as psychological and technical barriers, often signaling where price movement may slow, stall, or reverse. The ability to identify them accurately and logically enhances decision-making and strengthens trade setups.

One powerful way to gain clarity on these levels is through the use of Noiseless Charts—specifically Point & Figure (P&F) and Renko charts. These charting styles strip away market noise, offering a cleaner and more structured view of price action.

The Origin of Support and Resistance

A highly effective method for identifying support and resistance zones is to analyze the origin of momentum moves—sharp, directional price shifts that typically mark the beginning of a trend. These origin points serve as logical areas where price may return, pause, or reverse in the future.

On Point & Figure charts, these momentum moves are objectively defined, making it easier to spot key market levels with consistency. Platforms like TradePoint and Zone Web incorporate a unique concept known as the Anchor Column, which plays a vital role in this process.

What is an Anchor Column?

An Anchor Column in Point & Figure charting refers to any column of X’s (bullish) or O’s (bearish) containing 15 or more boxes. This indicates a strong, decisive move in one direction—an objective marker of momentum.

These anchor columns serve as reference points for support and resistance because they reflect significant buying or selling activity. When prices revisit the levels formed by an anchor column, traders can watch closely for potential reactions—continuations, consolidations, or reversals.

Why It Matters

Objectivity: Using a rule-based definition (15+ boxes) eliminates guesswork.

Clarity: Noiseless charts remove distractions, focusing on pure price movement.

Actionable Insight: Anchor Columns help traders identify high-probability zones with confidence.

Traders are constantly seeking reliable ways to analyze market trends and identify clear reference targets to guide their decisions. With new tools emerging regularly, one innovation that stands out within the Definedge trading community is the “Auto Counts” tool—available on TradePoint and Zone Web platforms.

This powerful feature brings together two foundational charting techniques—Candlestick Charts and Point & Figure (P&F) Charts—to create a dynamic solution that enhances technical analysis like never before.

What is “Auto Counts”?

At its core, Auto Counts fuses the visual clarity of candlestick patterns with the precision of point-and-figure analysis. Candlestick charts are renowned for capturing market sentiment through time-based price movement, while P&F charts strip away noise by focusing solely on price action and key reversal points.

By integrating both approaches, Auto Counts empowers traders with a deeper and more accurate view of the market.

Why Reference Targets Matter

In trading, reference targets serve as critical markers—helping traders decide when to enter, hold, or exit a position. These targets are often derived from key support and resistance levels or projected price movements.

P&F charts play a vital role in this process, calculating vertical counts that estimate potential price targets based on pattern formations such as anchor columns, double tops, and mini tops. These insights are essential for identifying trend direction and breakout levels.

The Power of Fusion: Candlestick + Point & Figure

What makes Auto Counts exceptional is its seamless integration of vertical counts from P&F charts directly onto candlestick charts. This combination allows traders to:

Visualize long-term price targets on familiar candlestick formats.

Confirm breakout or reversal signals using P&F counts.

Align entry and exit strategies with both trend analysis and price structure.

The result? Traders can now spot more accurate reference points with greater confidence—backed by dual-layered analysis that enhances precision and decision-making.

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