Kagi VS time based charts: which has more price action readings | Traders Hideout


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Kagi VS time based charts: which has more price action readings

  #3 (permalink)

Pittsburgh, Pennsylvania
 
 
Posts: 563 since Jan 2013
Thanks: 33 given, 375 received


I started to play with Kagi charts a few weeks ago. It is very good to keep you in the trade when the market is trending (what happens quite often recently).

The longer the time frame, the less chops you get. For example today using 5 mins Kagi charts you could have stayed in a short trade for 20+ ES points in the afternoon. But when the market is sideways, it will give you lots of false signals...

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