At the present time, we shall not be using this site to teach technical analysis, the MIDAS system, or short term trading or investing. Nor are we recipients of outsourced financial forecasting. The sole purpose of the site is to showcase the MIDAS system through a blog that Andrew Coles and David Hawkins will be writing separately on a range of chosen markets according to their individual styles and in association with the basic principles of MIDAS. The blog is accessible via the main link on the navigation bar above.
A MIDAS support curve
A MIDAS support curve is launched in Metastock Pro on a 1m chart of the Xetra DAX futures. The boxes highlight three subsequent pullbacks in the trend, all captured by the curve. In the fourth box a "porous" price move penetrates the curve before responding to it. . .
A MIDAS Bottomfinder curve
A Bottomfinder curve is launched in eSignal on a 3m chart of the CME Euro FX futures. The curve is fitted to two minor pullbacks in the downtrend highlighted by the two boxes at a cumulative volume (duration) of 17,000. Subsequently the curve terminates on a Doji candlestick which defines the end of the main move before price corrects and falls one more bar. ............................................................... ............................................................................. .......
