Midas Technical Analysis as used in DayTrading
Midas technical analysis is a powerful trading tool. Like with any tool, you have to use it wisely. Below is a video showing some daytrading trades using the midas tool for ninjatrader found at midastradingsystems.com (disregard the url at the end of the video as it is no longer active). It is imperative to use higher time-frame curves to guide your intra-day trading decisions. You do not want to develop the daytraders overtrading syndrome which can lead to devastating side effects. However, as demonstrated, this tool can be extremely effective when used with patience and proper risk manangement.