The chart above expresses the nature of how well TD-Combo and MIDAS Technical Analysis work together.
This is personally my favourite strategy since it is easy to use and the success rate is very high.
MIDAS Trading Tools for MT4 is available to download @ MQL5.com
Once again the Top/Bottom Finder did an excellent job pointing out the top of the trend.
I am looking to add a third short position if price close below the 1.467 level.
MIDAS Trading Tools for MT4 @MQL5.com
Price is currently making its first leg to the downside (X-1) breaking S1 and S2 - terminating the uptrend as the new data comes in. Pullback to R1 is for selling as I am looking to trade the second leg down.
4hr Time Frame with MIDAS BottomFinder indicating that there is 22.2% fuel left.
MIDAS Trading Tools for MT4 @ MQL5.com
On New Zealand Dollar v US Dollar price have made one leg to the downside (X-1) and have now pulled back to the MIDAS R1 Curve which happens to line up with 4HR Supply and Resistance (Blue Horizontal Line). The MIDAS Support Curve S1 have now become RESISTANCE as price made its first leg to the downside - terminating the uptrend. Momentum is also showing signs...
The Bulls has only won half the battle. MACD is neither an angel nor the devil. Same thing as usual, adjust your aperture and monitor the movement from there. If this cross is successful it should be worth 300-400pips on a 4h chart. You can set your profit target there. Once it hits, it will begin to go sideways as per what we are seeing on the hourly chart which...
Seems that the past few days GBP always gets sold down during Asian hours whilst the British are sleeping. With the market weighing extremely on one side, a reversal could trigger an avalanche. Covering the GAP to me is a given and bears who short there will get slaughtered. 1.4 is a key level to watch, which happens to be weekly RSI 50 level.
this is only a...
WTI is 34 bars since the last MACD cross and it is the last line of defense using MIDAS. It is about time for a rebound, rebound target would be RSI(14) 50 level which is about 46. At this level, it should produce a MACD gold cross as well. We have to be wary of this cross as a dead cross below is deadly and should bring us to the final target of RSI 30 level.
I...
some reference points that are way more useful than FIBO.
After an initial jolt, market will always try to balance itself and the guiding line of balance will be EMA27. The trajectory of daily EMA27 is still pointing downwards and daily chart has yet to overcome the influence from the huge brexit candle. In theory, as long as your current timeframe is below the...
using midas channel as protection or simply price needs to stay above the MIDAS channel. From here, you can manage your trade on the 15min chart. Any positive turn of indicators can be used for entry on the 15min chart. The dot indicates the overhead resistance. Every time 15min MACD goes above zero, it should yield at least 80-100pips, anything less could mean a...
Daily still failed to stand above EMA 9, however EMA 27 is getting lower by the day. Still following the trade via 4h chart. MIDAS line should provide significant support and should not break. There should not be a single candle to close totally below this line. There is another 2 more days before we put the long red candle in the rear view mirror. Till then any...
The price of British Pound (expressed in US Dollars) is making its way up to fresh supply @1.325 which happens to line up with the MIDAS Resistance R1 Curve (Trend Curve) launched from 2016-06-23 high+Low/2. Momentum is also approaching overbought conditions, increasing the odds of a successful trade.
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