Carl_G
Short

GBP/USD: 60 MIN SELL SETUP

FX:GBPUSD   British Pound/U.S. Dollar
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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Where is your stop loss, please? and Take Profit?
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Carl_G PRO shomonrobie
Entry@1.328 TP1@1.3200 SL@N/A
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Carl_G PRO shomonrobie
snapshot
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snapshot


This trend is on 4H hence I will use M15 as my guide post
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dericksim PRO dericksim
MIDAS works as it calculates the average closing price of each candle. Essentially it gives a snapshot of average price of the market. This will only work if the moving averages are in line with the direction. For LONG position (short/medium/long) for SHORT position (long medium short).
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got it thanks once again. For GBP/USD, watch the retrace to EMA 27 of 4H chart. any retrace should stop around there. on a daily chart it will stay above EMA 9 in order for the trend to continue. Cheers and happy trading.
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Carl_G PRO dericksim
Cheers :)
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thanks a bunch, I manage to find it but how to I apply it to a single candle that I want? MIDAS line works wonders when combined with EMA27. People often scoff about moving averages about lagging indicators; in my view, moving averages are the essence of all indicators. I would quote that moving averages is the biological mother of ALL INDICATORS.
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Carl_G PRO dericksim
You have to add MIDAS Bar Number to the chart as well. Then hold your mouse over the price bar of which you want to launch the MIDAS S/R Curve from - A number will be displayed to the right on the MIDAS Bar Number. Open settings on the MIDAS S/R indicator and insert that number.
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Carl_G PRO dericksim
Indeed, MIDAS is phenomenal, especially the T-B Finder Curve and MIDAS Displacement Channel (MDC).
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