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MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets by David G. Hawkins, Andrew Coles

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Part One: The MIDAS System as a Standalone Day Trading System

It may appear that the sole purpose of the previous discussion is to identify average trend sizes and recommended chart timeframes in order to increase the number of signals generated by the MIDAS S/R curves. This observation is only partially true because there's an additional purpose associated with the displacement of MIDAS curves that I discuss in the second half of this chapter. However, the observation is true to the extent that such information is important for the creation of a simple standalone MIDAS day trading system in two respects.

First, day traders sensitive to commission costs will vary considerably in terms of the number of trades of interest to them each day. Table ...

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