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MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets
book

MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets

by Andrew Coles, David G. Hawkins
May 2011
Intermediate to advanced
464 pages
13h 30m
English
Bloomberg Press
Content preview from MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets

MIDAS S/R Curves for Entry Setups and Triggers

The Triple Screen methodology calls for identifying an entry setup on your intermediate-term chart as a pullback against the overall trend, and the very beginning of a turnaround and resumption of the trend. As you can see in many of the foregoing charts, a MIDAS S/R curve is ideal for identifying such a setup. When you see a countertrend pullback stop and turn around at a MIDAS curve, that's a very nice setup for a trade entry, since you can have reasonable confidence that this turnaround is robust and unlikely to go back through the curve. A good example of this is on Figure 2.9, during March 2005, as price again came down to the S foothill curve and started to turn up. By that point, the trader ...

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Publisher Resources

ISBN: 9781576603727Purchase book