Midas Technical Analysis: A Vwap Approach To Trading And Investing In Today'S Markets

“If you are already familiar with MIDAS and interested in rediscovering the powerful trading method developed by the late Paul Levine, then this will become your book of reference. The authors walk you through the wonderful MIDAS world and explain its variations with copious charts and examples. If you are new to the MIDAS method, I recommend first reading the introductory chapters, then jumping to the very practical, money-making Chapter 8, then applying the principles yourself (computer code is provided in the appendices). Armed with ‘hands-on’ knowledge, you will then access the wealth of information that this book provides in helping you correctly read the markets.”
— Pascal Willain, independent trader and inventor of volume-based indicators, author of Value in Time

“As the first person to ever write about the Commitments of Traders Report way back in 1973, I have seen the data abused and usually greatly misunderstood. Most people writing on the subject just don’t understand it and you will be misled. Chapter 12 in this book sets the record straight. I am delighted to give a 100% endorsement, the truth of the COT report is here, simply stated and easy to understand. Don’t put this book down. Take it to the checkout and buy it.”
— Larry Williams, private trader, author

“Coles and Hawkins have masterfully combined the ‘art and science of Technical Analysis’ into a well-illustrated and comprehensive tome encompassing the MIDAS method. They have captured the essence of Paul Levine’s MIDAS Technical Analysis method and then further expanded it into a new dimension. This book will give any trader the unconventional alternative edge they need to take advantage of the stock market and exploit profits.”
—StockShare Publishing LLC

“The authors pick up where Levine left off, boldly and competently tackling both the theoretical aspects of Levine’s MIDAS method, as well as providing concrete practical trading applications. There were some delightful diversions as well, including a superb overview of how to mechanically apply the statistics in the CFTC Commitments of Traders report. It is a privilege to be sourced on some of the pages, as this book has earned its reference status.”
— Bob English, Austrian Economist, Market Technician, and Trader

“The MIDAS curves can be used in any markets over any timeframe. They are flexible, robust, and powerful. Andrew Coles’ and David Hawkins’ work on the MIDAS curves is pure gold.”
— Jayanthi Gopalakrishnan, Editor,Technical Analysis of STOCKS & COMMODITIES magazine

“In this extremely well-developed book, Hawkins and Coles have drawn together a number of ideas, their own and existing methods, in order to construct a concise and disciplined method of analysis and trading. I am particularly delighted to see the recognition of volume as a powerful and often neglected tool. This integration of methods should serve as a profitable tool for those who are willing to do the work to understand why markets move. A well-thought-out technical treatise that belongs in the library of any inquiring technician.”
— Richard W. Arms, author, advisor to institutions, and developer of many tools such as The Arms Index and Equivolume charting

“I started using MIDAS from the time Paul Levine began publishing his articles in instalments. In the intervening years, I have made MIDAS my own. And I did think it was unlikely that Coles’ and Hawkins’ book would bring fresh insights. Boy was I wrong! This is an amazing book. Most books tend to be practical to the exclusion of the theory – theory that is so necessary if we are to adjust a tool when it ‘stops working;’ or tend to be so theoretical as to be impractical. MIDAS Technical Analysis straddles both worlds with ease. As a result, the book is both a reference work and a practical ‘to do’ volume. What I like most about Coles and Hawkins is they have taken Levine’s original idea and conquered new realms with it: they have incorporated MIDAS with other technical tools so that the work should appeal to traders of many and varied disciplines. In my view, this is a must-have book and it shall certainly occupy a space in my shelves.”
— Ray Barros, CEO, BarroMetrics Investments Inc

Andrew Coles, PhD, is an active trader running a private investment fund. He has a diploma in technical analysis from STA–UK and from the International Federation of Technical Analysts (IFTA). He is also a Certified Financial Technician (CFTe). He holds a master's and a doctorate and was a Postdoctoral Research Fellow of the British Academy.During his graduate and postdoctoral years, he worked at a number of institutions, including King's College (KQC) London, the Institute of Classical Studies, and Oxford University. He is the author of a previous book on the history and philosophy of science.

David G. Hawkins is a successful full-time trader. He holds an MS in physics from Brown University, has taught physics at Roger Williams University, and has designed optical and ultrasound components for graphics, medical, and telecom systems. He presents on MIDAS and other technical analysis topics at AAII conferences.

Introduction (Andrew Coles).

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).

CHAPTER 2 Applying Standard MIDAS Curves to the Investor Timeframes (David G. Hawkins).

CHAPTER 3 MIDAS Support and Resistance (S/R) Curves and Day Trading (Andrew Coles).

PART II: THE MIDAS TOPFINDER/BOTTOMFINDER.

CHAPTER 4 The MIDAS Topfinder/Bottomfinder on Intraday Charts (Andrew Coles).

CHAPTER 5 Applying the Topfinder/Bottomfinder to the Investor Timeframes (David G. Hawkins).

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 (David G. Hawkins).

CHAPTER 7 EquiVolume, MIDAS and Float Analysis (David G. Hawkins).

CHAPTER 8 Putting It All Together (David G. Hawkins).

PART IV: NEW DEPARTURES.

CHAPTER 9 Standard and Calibrated Curves (David G. Hawkins).

CHAPTER 10 Applying the MIDAS Method to Price Charts without Volume: A Study in the Cash Foreign Exchange Markets (Andrew Coles).

CHAPTER 11 Four Relationships between Price and Volume and Their Impact on the Plotting of MIDAS Curves (Andrew Coles).

CHAPTER 12 MIDAS and the CFTC Commitments of Traders Report: Using MIDAS with Open Interest Data (Andrew Coles).

CHAPTER 13 Price Porosity and Price Suspension: The Causes of these Phenomena and Several Partial Solutions (Andrew Coles).

CHAPTER 14 A MIDAS Displacement Channel for Congested Markets (Andrew Coles).

CHAPTER 15 MIDAS and Standard Deviation Bands (Andrew Coles).

CHAPTER 16 Nominal–On Balance Volume Curves (N-OBVs) and Volume–On Balance Curves (V-OBVs) (Andrew Coles).

CHAPTER 17 Extensions, Insights, and New Departures in MIDAS Studies (Andrew Coles).

APPENDIX A Programming the TB-F (David G. Hawkins).

APPENDIX B MetaStock Code for the Standard MIDAS S/R Curves (Andrew Coles).

APPENDIX C TradeStation Code for the MIDAS Topfinder/Bottomfinder Curves (Bob English).

Notes.

About the Authors.

Index.