US30 Is Ready To Retrace after Yesterday Midas SignalEntered Shorts at 385XX Levels Yesterday.
Aim TP1 at the middle moving average line.
Bandofmidas
SPX : Overbought zone by Band of Midas
Nothing much here. Just a reminder.
Personally, i took my handsome profit.
1. 5 green candlesticks overbought.
2. Go into Upper Band of Midas.
3. Take profit and wait the next entry near mid midas line.
Huge profitable week. Took profit and have a good weekend. #bandofmidas
Unity : Bottom Fishing before Nov Earnings
Simple technical chart analysis and trading plan :
- accumulate at support zone $25-28 which also fall into oversold lower Midas zone . Cut loss when fall outside this support zone.
- target exit points will be at $40, $42 or upper overbought Midas zone.
*** Create simple and stress free trading plan. ***
UNH : Swing inside within the band and now BreakoutSwing Scalping Period : 14 April - 1 Sep 2023
- The share price swing up and down within the band, scalp the profit by selling 50% at the middle line and the rest breakeven or opposite side band
Trending up period : 1 Sep - 13 oct 2023
- Entry when price enter and closed inside the band of midas on 1sep, trend midas line turn to pink on 19sep, this is a typical jackpot type of entry.
(it will not happen each n every time, be RATIONAL.)
Let the profit run : 19 sep - 13 oct 2023
- we will not have full long position on this period, as a scalper/trend trader, we will already bagged some profits and enjoy the ride until the middle trend midas color change to white.
* A sharing on how to use band of midas as reference.
* None of the indicator works perfectly.
* Be honest and rational.
USOIL : Trade Using Band of Midas
1. Clear all drawings and indicators.
2. A horizontal resistance level, observe if price reversed at here (React Don't Predict).
3. Add BandofMidas from indicators. Use Midas factor of 9.( suitable for this chart)
4. Price fall into Midas zone and reversed. Midas signal came out on 19Sep2023. Go Short.
5. Midas trend line still in pink. Take 50% profit at midas line, keep the other 50% position waiting the trend line turn white OR hit bottom midas zone.
(Still an uptrend, this should be a profit taking area instead of going big short)
6. Plan your trade, risk reward ratio and position size.
UNITY : Livetrade using simple TA and Band of Midas1. Clear all drawings and indicators.
2. A horizontal support line consists of 18Aug23 low and previous breakout level, observe if price reversed at here (React Don't Predict).
3. Add BandofMidas from indicators. Use Midas factor of 9.( suitable for this chart)
4. Price fall into Midas zone and reversed. Midas line still in pink. Double confirmed.
5. CONSIDER to go long, nothing 100%
6. Plan your trade, risk reward ratio. GO Long.
In my opinion, this is a news driven panic sell.
im LONG with $1 cut loss risk.
AAPL LONG with Midas signal reminder NASDAQ:AAPL
1. Clear all drawings and indicators.
2. Got a fibo 0.886 level, price reversed at here (React Don't Predict).
3. Add BandofMidas from indicators. Use Midas factor of 9.( suitable for this chart)
4. Price fall into Midas zone and reversed. Midas line still in pink. Double confirmed.
5. Plan your trade, risk reward ratio. GO Long.
Us100 short on 2Sept using only 1 indicator BandofMidas CAPITALCOM:US100
1. CLEAR all drawings and indicators.
2. Back to basic ( draw some lines, fibo, chart pattern, simple support and resistance level etc )
3. Go to indicators > invite only script > BandofMidas
4. Observe the if the price fall in Midas zone and reverse.
5. Enter the trade if the price level is at critical support resistance level. Double confirmation is great enough.
6. Plan your trading plan, strategy, risk reward ratios.
7. Consider to breakeven if price doesn't move accordingly, to take profit at opposite Midas zone or follow the trend reversal line to change color.
8. ALWAYS plan your trades before you enter, BandofMidas is a great helping tool but it won't be absolutely accurate.
Good luck to all the traders here.
US500 The Big Short by Band of MidasCAPITALCOM:US500
US500 hit resistance of fibo golden pocket and Band of Midas zone.
A right shoulder to be.
Observe the major head and shoulder neckline.
Observe the DXY and US bond yields.
