My method doesn’t predict the future, it just calculates decision points in price. But so far I don’t see any decision points below, so you should get your 1316 (or lower)... Cheers, k

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Should the gold price go and make a pullback now, the "ideal" price for it would be ~1336. As it broke the low mentioned before, the price should after the pullback nevertheless go down, for a long time (>1 week, dependent on when that "proper" ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I don't mind these new announced measures. (I actually like the negative balance protection bit.) Just wanted to point out is that if they really wanted to protect the end consumer, they would forbid averaging down. Cheers, k

FX Trading in Europe under threat - act now

If it helps, I did a quick short-tf analysis of gold (taking only the 2 days back of data): Gold should make a pullback up to ~1340 before it can go down "regularly" imho. (note: the move down could have also completely finished.) If it breaks down ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread

It is likely the current push down proceeds imho. I have set up some traps to catch the pullback (I missed the opportunity yesterday by a few cents ). k image

Oil and Natural Gas

I don't think this upmove in oil is going to last for much longer. Cheers, k

Oil and Natural Gas

Very similar to what I’m doing! Thanks for sharing, k

First Pullback Strategy: Simple And Powerful

Hi newhope, I recommend reading the book by Paul Levine to get you started with Midas, and check out parisboy’s thread for general info about envelopes and his usage of them which is very specific, but in my opinion, very precise. Especially when ...

The Great Pumpkin

The TradingView script midas_envelopes is here. It can also be found among the public indicators. Due to technical restrictions in the TV scripting language, one must specify the date and time of the significant high or low, rather than plotting a ...

The Great Pumpkin

Midas envelopes mt4 version Usage: 1. One places a Vertical Line on the graph. 2. Rename the vertical line to "V1" (or whatever short name you prefer) 3. Put the indicator on the graph 4. Select the parameters file image Cheers, k

The Great Pumpkin

I agree, it is difficult to distinguish between the anchored simple moving average (=equal volume for each bar) and the anchored volume-weighted MA (Midas). I just have a feeling that "below the bars" there are ticks, and the VWMA would kind of ...

The Great Pumpkin

I have that book also! I must re-read it... Cheers, k

The Great Pumpkin

Many thanks for the details! This could potentially be the most useful indicator I've seen. (The Midas is already super-useful, but this gives it a new dimension.) Would you be OK if I programmed it for TradingView (I'll leave the source open)? ...

The Great Pumpkin

I think I know what you did there... Looks great and doesn’t lag. REALLY impressive. Thanks for sharing! Cheers, k

The Great Pumpkin

Oil chart dump. Managed to catch the first pullback using the (modified) MIDAS method. Now waiting for trend to stop, i.e. the pitchfork to stop being relevant. The price may have overshot now, but oil impulse moves can be quite crazy... k image

The Great Pumpkin

This could perhaps be a reasonable mean-reversion approach -> trading towards a pivot. k

The Skill Check

One could perhaps use it on an instrument with the lowest 14-day ADR? Cheers, k

Simple Mean Reversion