Produktbild: MIDAS Technical Analysis

MIDAS Technical Analysis A VWAP Approach to Trading and Investing in Today's Markets

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Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

25.09.2012

Verlag

John Wiley & Sons Inc

Seitenzahl

464

Maße (L/B/H)

26/18,3/2,9 cm

Gewicht

1063 g

Auflage

1. Auflage

Sprache

Englisch

ISBN

978-1-57660-372-7

Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

25.09.2012

Verlag

John Wiley & Sons Inc

Seitenzahl

464

Maße (L/B/H)

26/18,3/2,9 cm

Gewicht

1063 g

Auflage

1. Auflage

Sprache

Englisch

ISBN

978-1-57660-372-7

Herstelleradresse

Libri GmbH
Europaallee 1
36244 Bad Hersfeld
DE

Email: gpsr@libri.de

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  • Produktbild: MIDAS Technical Analysis
  • 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 Timeframes-The 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

    Tracking a Trend with a Hierarchy of MIDAS Curves 43

    MIDAS S/R Curves for Entry Setups and Triggers 46

    Same Launch Point, Different Timeframes 48

    Special Start Points-The Left Side 50

    Special Start Points-The Initial Public Offering (IPO) 53

    Special Starting Points-The Down Gap and Its Dead Cat Bounce 55

    Special Starting Points-The Highest R and the Lowest S 57

    Summary 59

    Chapter 3 MIDAS Support and Resistance (S/R) Curves and Day Trading 61
    Andrew Coles

    Multiple Trend and Timeframe Analysis 62

    Part One: The MIDAS System as a Standalone Day Trading System 68

    Part Two: Using the MIDAS System alongside Other Technical Indicators 82

    Capturing Today's High and Low with Standard MIDAS S/R Curves 119

    Summary 120

    Part II: The Midas Topfinder/Bottomfinder

    Chapter 4 The MIDAS Topfinder/Bottomfinder on Intraday Charts 125
    Andrew Coles

    Levine's Two Insights Governing the MIDAS Methodology 126

    Part One: The Quantitative Features of the TB-F Algorithm 126

    Part Two: The Engineering Aspect of TB-F Curves 135

    Summary 159

    Chapter 5 Applying the Topfinder/Bottomfinder to the Investor Timeframes 161
    David G. Hawkins

    A Most Unusual Indicator 161

    The Basic Program of the TB-F 162

    What is an Accelerated Trend? 162

    Discovering the Topfinder/Bottomfinder 163

    Using the TB-F 165

    An Interesting Mathematical Observation 166

    Fitting the TB-F Curve in Chart Views Other than Equivolume 167

    Fitting to More than One Pullback 170

    Nested TB-Fs: The Fractal Nature of the Market 178

    TB-F Curves on Different Timeframes 180

    Bottomfinders Are Sometimes Problematic 185

    What Comes after a TB-F Ends? 187

    Summary 188

    Part III: The Longer-Term Horizon, Other Volume Indicators, and Broader Perspectives

    Chapter 6 Applying MIDAS to Market Averages, ETFs, and Very Long-Term Timeframes 193
    David G. Hawkins

    Using MIDAS with the Indices-The S/R Curves 195

    The Validity of Volume Data 198

    Using MIDAS with the Indices-The TB-F 201

    Using Exchange-Traded Funds Instead of Market Indices 202

    MIDAS Applied to Long- and Very Long-Term Timeframes 205

    Back to 1871 209

    Inflation Adjustment 209

    A Closer Look at the Very Long-Term 211

    The Very Long-Term Horizontal S/R Levels 213

    The Bavarian Deer Herd 214

    What Can Be Said about the Very Long-Term Future? 215

    Summary 218

    Chapter 7 EquiVolume, MIDAS and Float Analysis 219
    David G. Hawkins

    The Basic Principle-"Volume Leads to Volume" 219

    Why Does Price Projection Work? 221

    The Connection between Price Projection and the Topfinder/Bottomfinder 223

    Using Price Projection 224

    Steve Woods' Float Analysis 227

    Volume Periodicity 230

    Summary 237

    Chapter 8 Putting It All Together 239
    David G. Hawkins

    Trend Following 239

    Calling Bottoms 249

    Base Breakouts 251

    Summary 254

    Part IV: New Departures

    Chapter 9 Standard and Calibrated Curves 257
    David G. Hawkins

    Discovering the Calibrated Curves 257

    Examples 258

    Summary 267

    Chapter 10 Applying the MIDAS Method to Price Charts without Volume: A Study in the Cash Foreign Exchange Markets 269
    Andrew Coles

    MIDAS and Cash Foreign Exchange Markets 269

    A Comparison of the MIDAS S/R Curves Using Cash FX Intraday Tick Data and Intraday Futures Volume Data 270

    A Comparison of the MIDAS Topfinder/Bottomfinder Curves Using Cash FX

    Intraday Tick Data and Intraday Futures Volume Data 273

    Options in the Cash Foreign Exchange Markets for Higher Timeframe Charts 275

    Options 1 and 3-Replacing Cash Forex Markets with Futures Markets or Currency ETFs/ETNs 276

    Using MIDAS S/R Curves in Markets without Volume: The Daily and Weekly Cash FX Charts 277

    Using MIDAS Topfinder/ Bottomfinder Curves in Markets without Volume: The Daily and Weekly Cash FX Charts 280

    Summary 283

    Chapter 11 Four Relationships between Price and Volume and Their Impact on the Plotting of MIDAS Curves 285
    Andrew Coles

    Relationships between Price and Volume Trends and the Four Rules Affecting the Plotting of MIDAS Curves 286

    Applying the Rules to Applications of Standard and Nominal MIDAS S/R Curves 290

    Using Relative Strength or Ratio Analysis 294

    Summary 296

    Chapter 12 MIDAS and the CFTC Commitments of Traders Report: Using MIDAS with Open Interest Data 297
    Andrew Coles

    An Overview of Open Interest and Open Interest Data Options 298

    The Orthodox Interpretation of Changes in Open Interest 299

    A First Look at Standard MIDAS Support/Resistance Curves with Open Interest 300

    Pursuing MIDAS and Open Interest More Deeply 302

    Concise Overview of the Commitment of Traders (COT) Report 302

    Understanding the Main Players in the Legacy Report 303

    Identifying the Key Players in the COT Report 304

    Choosing the Appropriate Category of Open Interest 307

    MIDAS and Total Open Interest 308

    Choosing between Commercial and Noncommercial Positioning Data 312

    Measuring the Market with Commercial Net Positioning Data 315

    MIDAS and COT Report Timing 318

    Comparing the Commercial Net Positioning Indicators with MIDAS using Noncommercial Net Positioning Data 319

    Additional Reading 327

    Summary 328

    Chapter 13 Price Porosity and Price Suspension: The Causes of these Phenomena and Several Partial Solutions 331
    Andrew Coles

    Porosity and Suspension Illustrated 332

    Identifying the Cause of the Two Phenomena 333

    Solving the Problem of the Two Phenomena 334

    Summary 342

    Chapter 14 A MIDAS Displacement Channel for Congested Markets 345
    Andrew Coles

    The Problem: Mean Reversion in Sideways Markets 346

    The Solution: Applying a Displacement Channel to Sideways Markets 348

    MIDAS Displacement Channel Methodology 349

    Trading Implications of the MDC 349

    Additional Forecasting Implications 349

    Additional Benefit: Applying the MDC to Trending Markets to Capture Swing Highs in Uptrends and Swing Lows in Downtrends 350

    Second Benefit: Applying the MDC to the Problem of Price Porosity 353

    Comparing the MDC with the Moving Average Envelope 355

    The MDC in Relation to Topfinder/Bottomfinder (TB-F) Curves 356

    The MDC in Relation to the MIDAS Standard Deviation Bands 356

    Features of the MDC in Relation to other Boundary Indicators 356

    Summary 357

    Chapter 15 MIDAS and Standard Deviation Bands 359
    Andrew Coles

    The MIDAS Standard Deviation Bands in Sideways Markets 360

    The MIDAS Standard Deviation Bands in Uptrends and Downtrends 361

    Band Adjustment for Shorter Timeframe Analysis 363

    The MSDBs and Narrowing Volatility 363

    Comparing the MSD with the MIDAS Displacement Channel 364

    Alternatives to Standard Deviation 365

    Trading with the MIDAS Standard Deviation Bands 368

    Summary 370

    Chapter 16 Nominal-On Balance Volume Curves (N-OBVs) and Volume-On Balance Curves (V-OBVs) 371
    Andrew Coles

    On Balance Volume for the Uninitiated 371

    Nominal-On Balance Volume Curves 373

    The Dipper Setup 377

    Volume-On Balance Volume Curves 377

    Further Chart Illustrations 378

    Summary 381

    Chapter 17 Extensions, Insights, and New Departures in MIDAS Studies 383
    Andrew Coles

    MIDAS Curves and Volume-Based Oscillators 384

    Correlation Analysis as an Effective Overbought/Oversold Oscillator 389

    The Contributions of Bob English 391

    Summary 400

    Appendix A Programming the TB-F 403
    David G. Hawkins

    Appendix B MetaStock Code for the Standard MIDAS S/R Curves 411
    Andrew Coles

    Appendix C TradeStation Code for the MIDAS Topfinder/Bottomfinder Curves 413
    Bob English

    Notes 417

    About the Authors 433

    Index 435