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MIDAS
TECHNICAL
ANALYSIS
MIDAS
TECHNICAL
ANALYSIS
A VWAP Approach to Trading and Investing
in Today’s Markets
Andrew Coles and David G. Hawkins
Copyright
C
2011 by Andrew Coles and David G. Hawkins. All rights reserved.
Published by John Wiley & Sons, Inc., Hoboken, New Jersey.
Published simultaneously in Canada.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any
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Library of Congress Cataloging-in-Publication Data:
Coles, Andrew.
Midas technical analysis : a VWAP approach to trading and investing in today’s markets / Andrew Coles, David
Hawkins.
p. cm.
Includes index.
ISBN 978-1-57660-372-7 (hardback)
1. Investments–Mathematics I. Hawkins, David (David G.) II. Title.
HG4515.3.C65 2011
332.63 2042–dc22
2010047237
Printed in the United States of America
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To my mother and the memory of my grandmother
—Andrew Coles
Contents
Introduction
Andrew Coles
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Biographical Sketch, Paul H. Levine
David G. Hawkins
Acknowledgments
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
Andrew Coles
MIDAS and Its Two Key Backdrops: VWAP and Fractal Market Analysis
The MIDAS Approach as a Genuine Standalone Trading System
Summary
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CHAPTER 2
Applying Standard MIDAS Curves to the Investor Timeframes
David G. Hawkins
Definitions of Timeframes—The Triple Screen Trading Methodology
MIDAS Curves within the Triple Screen System
The Basic Behavior of the MIDAS Support/Resistance Curves
Equivolume Charting
What Price Should Be Used?
Support/Resistance Becomes Resistance/Support
Distinguishing an Uptrend from a Trading Range
The Foothill Pattern
A Trading Range Turning into a Downtrend
Tracking a Trend with a Hierarchy of MIDAS Curves
MIDAS S/R Curves for Entry Setups and Triggers
Same Launch Point, Different Timeframes
Special Start Points—The Left Side
Special Start Points—The Initial Public Offering (IPO)
Special Starting Points—The Down Gap and Its Dead Cat Bounce
Special Starting Points—The Highest R and the Lowest S
Summary
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