Kagels Trading · Classical chart technique
Forecasts written while the market moves.
Karsten Kagels has spent 40 years at the charts. He reads ten markets the classical way, candlestick by candlestick, and rewrites each forecast two to three times every trading day.
Ten markets, read fresh.
Every row is a living forecast, not a quote feed. Each one is rewritten two to three times per trading day from the chart itself, with the latest COT positioning at hand. Rest on a row to see its recent path drawn in a single stroke.
Prices shown are the level at the desk's last read, not live ticks. The stroke sketches the recent path in spirit, the written forecast carries the levels that matter.
Read all ten forecastsThe oldest chart still works.
The candlestick was drawn first in the Osaka rice market, three centuries ago. Open, high, low, close: one figure per session, hollow when the close wins, inked when it loses. It is still the clearest sentence a market can write.
Ink study: sixty sessions, drawn as the Dojima traders drew them. The gold hairline marks a level drawn once and respected for weeks. Reading figures like these, alongside COT positioning data and TradingView charts, is the whole method. Nothing exotic, applied every day for 40 years.
Three centuries, one discipline.
Rice traders at Dojima begin drawing the session as a single figure.
Open, high, low, close. The candlestick chart is born in the world's first futures market, commonly credited to the rice trader Munehisa Homma. Price, drawn honestly, turns out to be enough.
Karsten Kagels places his first trade.
He keeps his own charts through every market since, by the same classical method. Four decades of daily practice, and since 2015 a German market authority through kagels-trading.de.
Ten markets, rewritten while they trade.
Gold to the Nikkei, each forecast is written fresh two to three times per trading day, from the chart, with COT data, on TradingView charts. Now in English.
The reader of the charts.
Karsten Kagels is a German trader with 40 years at the charts. His forecasts are concrete: levels, direction, and what would prove the read wrong. No signals in a black box, no borrowed conviction.
The method has two halves. The chart itself, read in the classical technique, and the COT report, which shows how the large players are actually positioned. When both agree, the forecast says so plainly. When they disagree, it says that too.
Latest from the desk.
The most recent reads, written today. Each one names its levels.
08:40 CET
Gold holds the 3,300 shelf as real yields drift lower
The shelf has been tested three times and drawn once. As long as it holds, dips remain for buying.
09:15 CET
S&P 500: chip-led dip meets an intact weekly uptrend
The daily candle looks heavy, the weekly figure does not. The read stays with the higher timeframe.
07:55 CET
EUR/USD grinds at 1.1640 ahead of the ECB minutes
A narrow figure inside a narrow week. The level to watch sits just under the round number.
10:05 CET
What the latest COT report says about crude positioning
The large speculators lightened up again. The chart and the positioning now tell the same story.
The Morning Forecast
The day's reads on all ten markets, in one quiet letter. Free, every trading morning, in your inbox before the US open.
Noted. The next Morning Forecast will find you before the US open.
Free. No spam, one letter per trading day.