May 2011
Intermediate to advanced
464 pages
13h 30m
English
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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