This has bothered me as well, and he has done a good job of
explaining why. I imagine that the same principle would
apply to using 240-minute charts, but it probably is not as
significant a difference. Maybe the exchange should
change their market hours to an even number of hours.
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Stop using 60-minute charts
FYI. Feedback appreciated. http://www.alphatrends.net/2010/02/20/stop-using-60-minute-charts/
Posted by twins on 22nd of Feb 2010 at 04:25 pm
This has bothered me as well, and he has done a good job of explaining why. I imagine that the same principle would apply to using 240-minute charts, but it probably is not as significant a difference. Maybe the exchange should change their market hours to an even number of hours.