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TFC Commodity Trading Forum

Re: Here's a chart Z was watching

Hi DC --

I attempted to build these Kagi's a number of years ago,
and they are a pia to build -
I think Z used a 4% price change to get a new direction -
I found that you really need to adjust that depending on the product.

then you need to view each chart daily - do the math - and then make the required changes,
BUT you can go weeks with NO direction change.

and you wind up with - ta da - a point and figure chart - or something very close to a pnf chart.

lot of work, not much benefit for me ..

stay warm up there : )

- r