Us100 short on 2Sept using only 1 indicator BandofMidas

7 Sep 2023

US100 https://www.tradingview.com/x/rckx3FwK

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.