Summary

  • The fractal nature of the MIDAS system means that it is capable of being turned into a robust standalone day trading system, provided it is combined with a charting style such as Japanese candlesticks that can generate consistent trade-management principles.
  • The development of a straightforward standalone system of the type outlined in this chapter must be a careful product of desired trend length, displacement size, and chart timeframe. All three dictate to the size of moves off the MIDAS S/R curves and associated stop-loss ranges. Table 3.1 summarizes these relationships.
  • In addition, the chart timeframe determines fairly precisely the number of trading signals that can be expected each day. Ultimately all of these factors are subordinate ...

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