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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

Calling Bottoms

It's obvious from the preceding section that adhering to the 13 steps of trend following inevitably leads to a delayed entry on a developing trend, for two reasons. One is that the long-term chart must clearly show that an uptrend is in progress, and the second is the requirement from float analysis that the status must be float breakout. If the new uptrend starts from a V bottom, these two requirements, especially the float one, will usually cause the trader to miss a good portion of the trend. This section shows how a trader, who is more aggressive than one who strictly follows the 13 steps, may use the techniques I've written about here for entering after a V bottom.

Let's go back to the example of the previous section. As ...

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Publisher Resources

ISBN: 9781576603727Purchase book