MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets [Hardcover]

This book provides a new, powerful twist to MIDAS technical analysis, a trading method developed by the late Paul Levine. The authors show how to employ MIDAS in trading, from recognizing set ups to identifying price targets. The book explains the basics of MIDAS before demonstrating how to apply it in different time frames. Further, it extrapolates how MIDAS can be used with other more conventional indicators, such as DeMark or moving averages. In addition to introducing new indicators that the authors have created, the book also supplies new computer codes.

Introduction xiii
Andrew Coles

Biographical Sketch, Paul H. Levine xix
David G. Hawkins

Acknowledgments xxi

Part I: Standard Midas Support and Resistance Curves

Chapter 1 MIDAS and Its Core Constituents: The Volume Weighted Average Price (VWAP) and Fractal Market Analysis 3
Andrew Coles

MIDAS and Its Two Key Backdrops: VWAP and Fractal Market Analysis 4

The MIDAS Approach as a Genuine Standalone Trading System 20

Summary 26

Chapter 2 Applying Standard MIDAS Curves to the Investor Timeframes 29
David G. Hawkins

Definitions of TimeframesThe Triple Screen Trading Methodology 29

MIDAS Curves within the Triple Screen System 31

The Basic Behavior of the MIDAS Support/Resistance Curves 31

Equivolume Charting 32

What Price Should Be Used? 35

Support/Resistance Becomes Resistance/Support 35

Distinguishing an Uptrend from a Trading Range 39

The Foothill Pattern 40

A Trading Range Turning into a Downtrend 41