saishala wrote: Sun Jun 18, 2023 8:02 pm I just pass to bring Peace.

Use this Expansion Index to verify or estimate when the pullback will lose steam.

Or ask MIDAS to give a help,

Part 2 Page 125 begins Top Bottom Finder Sheeeeeeet....


Everything touched by the Hand Of Midas Turns To Gold.........................

Is there any way to backtest the midas indicator?

moey_dw wrote: Sun Jun 18, 2023 4:48 pm Oh no sal........ don't tell me u are u selling signal services too

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ffsss wrote: Sun Jun 18, 2023 11:20 pm Is there any way to backtest the midas indicator?

You will have to do your trading normally and check forward.


But "with practice" and "understanding" works....

Is serious stuff. I'm not finding the place on the FED web page to show "what " the FED is doing with that.... Not, in particular, the MIDAS TB but the measurement made with MIDAS suite. I will find it and I will add it here.

https://en.wikipedia.org/wiki/MIDAS_technical_analysis

Meyney wrote: Sun Jun 18, 2023 6:08 am let's watch this audjpy weekly or daily; entering extremes

for the early birds entry / bounce at the big sd zone(pink)

some nice entries on audjpy. this large SD zone was/is far more interesting compared to gbpjpy, I guess you know why.
To recap the MA's are only there to help you to draw trendlines, but not needed. Also add your impulses+retrace.
cheers M.

Meyney wrote: Wed Jun 21, 2023 6:21 am some nice entries on audjpy. this large SD zone was/is far more interesting compared to gbpjpy, I guess you know why.
To recap the MA's are only there to help you to draw trendlines, but not needed. Also add your impulses+retrace.
cheers M.

Nice example and explanation. I managed to get in on the last trade leaving the daily SD zone today.

Quick question - are you happy to trade into a htf supply zone?

Quick question - are you happy to trade into a htf supply zone?
[/quote]

yes of course especially at this particular SD zone where we can espect fireworks. Be selective right.

how do you feel about drawing trendlines through center mass?

Chickenspicy wrote: Wed Jun 21, 2023 8:24 am how do you feel about drawing trendlines through center mass?

Looks ok. Drawing trendlines is a little bit vague; there are many ways/rules. But make sure you are aware which tl is a pullback and which one is the dominant 'trend'. for example at the right of your chart I see a few minor tl's which are pullbacks (as I see it of course)

[quote=Chickenspicy post_id=1295516228 time=1687299859 user_id=4949655]
how do you feel about drawing trendlines through center mass?

By the way I saw you are buying, is this buy setup on daily chart? If so, I should wait for a better price/pullback. You are buying at the highs at daily.