The Precision Report » Announcements

TPR to return Wednesday, August 3, 2011

Bob English — Thu, 28 Jul 2011 20:08:00 +0000

TPR to return Wednesday

Bob English — Fri, 24 Jun 2011 09:49:11 +0000

What is the MIDAS method of market analysis? New Coles and Hawkins book details theory and application.

Bob English — Mon, 09 May 2011 17:41:38 +0000

In the volume profile chart that accompanies our daily analysis, there are light blue lines that form support and resistance, to which we refer as MIDAS curves (also sometimes called Anchored VWAP). As opposed to a moving average, they are a volume weighted price average fixed to a starting point in time that marks a change in market psychology. Often, these are swing highs or lows, but not always. Occasionally, we receive inquiries as to what these lines are, and have referred people to Levine’s original work posted in a PDF on our website here.

The MIDAS method was developed by Paul Levine in the mid-1990′s and was largely forgotten after Levine’s untimely death over a decade ago. However, the method has received a revival in popularity over the last few years, in no small part because of the writings of Andrew Coles and David Hawkins in various trade magazines.

They have now just published a book that details the MIDAS method and picks up where Levine left off, tackling both theory and practical application. Of note to futures traders, Coles also writes a chapter that is a thorough overview and catalog of various ways to use the CFTC’s weekly Commitment of Traders (COT) data.

For those that simply want an introduction to the method that is not as dated as Levine’s essays, there is an excellent one written by Coles at the site he shares with Hawkins, here.

We should also add that some of our experimental work is featured in a chapter, along with our TradeStation code of Levine’s TopFinder/BottomFinder algorithm, which will soon be posted in ELD format on this website. Disclosure: we have no financial stake in the book itself.

Trade well,

The Precision Report

Precision Report Closed Dec 31 – Back Monday, Jan 3 2011

Bob English — Thu, 30 Dec 2010 22:26:17 +0000

Technical problems are delaying this morning’s report. Should resolve shortly.

Bob English — Fri, 07 May 2010 13:14:09 +0000

Looking for technical analysis writers among our readers

Bob English — Tue, 09 Mar 2010 17:15:40 +0000

This is a bit off topic, so apologies for the intrusion. A friend of ours runs a financial news site and is looking for contributors with a unique perspective on the markets. No pay, but the site gets a good amount of traffic and there would be links back to your existing web site. They will also help sell any premium products you have. Content can be a duplicate of what you are already producing on your site. If you’re interested, please respond directly to this email and we will pass along.

Free multiple time frame pivots indicator update / Silver warns of p. metals correction

Bob English — Thu, 19 Nov 2009 15:53:37 +0000

We just added enhanced functionality that will display future pivots even if the new session has not yet opened (the biggest drawback to the prior version), as well as text labels (thanks to a reader). Registered members of this site can download the free TradeStation indicator here.

Above is a screenshort of the silver ETF (SLV), showing a rejection yesterday of strong resistance from yearly R1, monthly R2 and quarterly R1. As silver has been stronger than gold as of late, this was an early warning sign for the precious metals sector.

Welcome new members

Bob English — Sat, 15 Aug 2009 21:29:59 +0000

Thanks for your interest in our work. While we began this site with the intention of providing short-term market timing advice, we have attracted a wide swath of readers because of our longer term research. Most of our posts are related to short term market analysis and are posted under the category “Intraday Analysis”. Our daily morning report is always filed under “Pre-open Analysis” and contains our short and medium term views of the markets, along with interpretation of recent news, reports, and Federal Reserve actions.

We would like to remind you that you can adjust your subscriptions for all the categories of posts here. This page allows you to filter what you receive by email from us based on your preference. If you are a longer term investor and are not interested in short term analysis, you might want to consider subscribing only to the the “General Analysis & Commentary” and the “Long Term Analysis” categories.

We have recently been pouring over data provided by the Federal Reserve and will be posting (hopefully this weekend) our observations about what appears to have been driving the markets over the past year, and what the current data are potentially telling us about the future.

Thanks again for your support.

Read our interview with Damien Hoffman at GreenFaucet.com

Bob English — Wed, 12 Aug 2009 20:35:19 +0000

Read our latest interview with Damien Hoffman of WallStCheatSheet.com regarding market manipulation (hosted at GreenFaucet.com).

Today’s final price action vs. the two year FOMC Time Profile:

They won’t all be this close, but we’re looking forward to Sep 23 09.

Full commentary in tomorrow’s report.

Finding Support & Resistance with Anchored VWAP Bands

Bob English — Fri, 07 Aug 2009 21:59:44 +0000

It may sound like Greek, but Paul Levine created his MIDAS Method after he made a major discovery in the mid-1990′s about the uncanny ability of these lines based on volume and price to act as support and resistance. We’ve gone a step further and added standard deviations to the bands based on the work of an existing indicator from the TradeStation forum. See how they have acted on US 30 Year T-Bonds since the Fed announced its quantitative easing program on March 18, 2009, and how the eMini S&P 500 rocketed off confluence today.

We’re using this opportunity to launch the Free Resources section of our website, where we’ll be posting indicators (including code) and helpful articles that we create or come across.