Forecasts you can check, on Karsten's own charts.
Chart-based forecasts for indices, metals, energy and forex, with named price levels.
Karsten KagelsFirst shares 1980, trading since 1986
Click to enlargeWhere to start
- Read market forecasts →Find the current chart outlook and key levels for your market.
- Learn trading →A step-by-step path: market basics, risk and position size, a written plan and practice before real money.
- Find trading tools →Choose charting, research and trading software by task, with dated US dollar costs.
Latest chart updates
All forecasts →
Start with these guides
- Draw key levels
Support and Resistance: How to Draw and Use Key Levels
Where useful levels come from, how to draw zones with a stated rule and how to turn a level into a trade plan.
- Manage your trading risk
Risk Management in Trading: Rules, Math, Psychology
The 1% rule, stops, risk/reward, daily loss limits, leverage caps and the psychology of losing streaks, with the math behind each rule.
- Calculate your position size
Position Sizing in Trading: Formula, Calculator, Examples
The formula, a free calculator, the 1% rule explained correctly, and examples for stocks, forex and futures.
- Learn the basics
How to Use TradingView: A Beginner Tutorial in 11 Steps
A beginner tutorial in 11 steps: chart, symbol search, drawings, indicators, log scale, watchlists, alerts, layouts and trading.
- Test a strategy properly
Backtesting: How to Backtest a Trading Strategy Properly
Five steps, five metrics and six mistakes, shown on a 32-year S&P 500 test with out-of-sample, walk-forward and the dividend trap.
Explore trading topics
Browse all topics →- Chart TechniquesHow Karsten Kagels reads charts: price action, support and resistance, breakouts, trendlines and Fibonacci, turned into a trade plan with real examples.
- TradingViewAll our TradingView guides in one place: plans and pricing, alternatives, brokers, backtesting and Pine Script. Written by a paying user since 2017.
- Risk ManagementHow much to risk per trade, how to stay disciplined and how to keep a trading journal: position sizing, stops, trading psychology and journal software reviews.
- Technical IndicatorsHow popular trading indicators are calculated, how to read their signals and what our own tests on long price histories show about them.
- BacktestingHow to backtest a trading strategy by hand or automatically: the steps of a clean test, the metrics that matter, common mistakes and forward testing.
- Market HoursWhen markets trade: CME futures hours, the Asian, London and New York sessions, RTH and ETH, holidays and daylight saving, in ET and London time.
- Central BanksFed, ECB, Bank of Japan, Bank of England, SNB, Bank of Canada and RBA rate decisions for traders: meeting dates, times, latest decisions, market reaction.
- Trading SoftwareWhich trading software you need by task: charts, stock research, seasonality, order flow, execution, backtesting and journals, with dated US dollar costs.
All forecasts by market
Forecast overview →Latest articles
All articles →
Updated Anthropic Stock: IPO Date, Valuation and How to InvestCan you buy Anthropic stock? Where the IPO stands, how the valuation compares with revenue, how to get exposure today and what the SpaceX listing teaches.
SOX Index: Holdings, Weighting and How to Use ItWhat the PHLX Semiconductor Index (SOX) contains, how Nasdaq weights it, how it compared with the Nasdaq-100 since 2004 and which ETFs really track it.
Relative Strength: Compare Stocks with the MarketHow to calculate a stock's relative strength against a benchmark, why it is not the RSI, and a five-step watchlist process with two real Dow examples from the same selection date.
How Karsten reads the market
- Classical chart technique
- Support, resistance, trend structure and price targets, marked directly on the chart.
- Named levels, no hype
- Clear price levels you can check, instead of vague calls or signals-for-sale theatre.
- A public record
- Forecasts have appeared openly on kagels-trading.de since 2015, where anyone can check them.