Welcome to MIDAS Market Analysis
The purpose of this website is to showcase an approach to the technical analysis of the financial markets known as MIDAS. Through the blog facility on this site, we shall be applying the MIDAS system to a range of financial markets and time frames, from one minute intraday charts to quarterly charts, and from stocks through to foreign exchange, the futures markets, and even to the UK housing market.
Traders and investors who become interested in this approach to analysis through the site blog are invited to read the separate and joint articles by Andrew Coles and David Hawkins in Technical Analysis of STOCKS & COMMODITIES or to wait for our book on the MIDAS system which is due to be published in 2010 by Bloomberg Press.
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.
Traders and analysts new to the MIDAS system will struggle to follow the market analyses on this site. To introduce them to the MIDAS approach, we have prepared a short introduction to the MIDAS system which is accessible via the "Read More" link below or through the navigation bar "Intro to MIDAS".
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.
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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. ...............................................................
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