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Swing trading Canadian

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Last Post: 5/4/2016 5:18:50 PM - Followers: 52 - Board type: Premium - Posts Today: 0

This is a thread to discuss the TA merits of Stocks that trade on a variety of senior exchanges, preferably with a minimum volume of 50,000 for the TSE & AMEX; & 200,000 shares average volume for the NYSE, NASDAQ.

I rarely play the CDNX... but I have no choice in the current market enviroment... (resource friendly), note these stocks are thinly traded & one must always use limit orders & sit on the bid or ask for days or weeks in order to get a fill.
As of this date January 14/06, resource stocks have been flying, in many cases doubling or tripling in a couple of days or less. Amazing how things change. Looks like were in a very speculative bull market in that exchange.
High risk IMO but sometimes very high reward.

Please do not post OTC American stocks. (ie: Nasdaq pink sheets)

I am a novice chart reader giving opinions that I hope will help me and others learn some more about Technical Analysis.

Sometimes I'm right, most of the time I'm wrong. Which is why I use stops. Mental, physical or otherwise...depending on the liquidity <g/ng>


My typical charts now show the following indicators:

Candle Chart - a candle price chart used in conjunction with
Moving Averages (on the Price Chart) - I have been using a 5 X 21 day EMA moving average.

Moving Average crosses, either of the daily price over various MA's, or of each other, are often significant. Note that I like to work in three different periods, monthly, weekly, daily or weekly, daily, hourly. With confirmation ideally in all 3 time periods, but I am comfortable with two time frame confirmations (higher risk though...)

ADX - the ADX line (heavy black) is used to establish whether a strong trend (rising ADX) or a weakening, non-trending period is in effect for that particular chart.
In trending (rising) periods, trend following indicators (MACD and MA's) are perhaps more valuable.
In non-trending (under 20) or possibly flat or falling periods, oscillating indicators (Stochastics for example) may be more appropriate to use.

+DI, -DI (within the ADX section) - these lines are indications of buying &/or selling strength
It may be useful to use a cross of the +DI over the -DI as a buy signal in conjunction with other indicators, and to use the opposite cross as a sell signal or as a possible short.

MACD - See above re: use in a trending market (see ADX: above 20)

Stochastic - For an oscillating or a non-trending market (see ADX: below 20) market.

OBV- an indicator of the strength of money flow into or out of a stock over a period of time.

Occasionally I will post Pnf (point & figure) charts, along with detailed explanations, in conjunction with the other charts.

Example of a PnF chart :

Example of a typical (daily)up trending chart with my favorite indicators

and 3yr weekly

Please enjoy, learn, and contribute.


#2577   Shorted GOLD via JDST Croesus I 05/04/16 05:18:50 PM
#2576   Ok Croesus I 03/14/16 11:32:18 PM
#2575   the idiots on the TVIX thread don't have Croesus I 01/23/15 08:18:25 PM
#2574   over here right now... Croesus I 01/22/15 07:53:15 PM
#2573   I'm hanging out here these days, in case Croesus I 01/08/15 08:35:56 PM
#2572   Good thing I sold it, I thought that Croesus I 11/28/14 12:57:46 PM
#2571   Sold Jung up 20% Croesus I 11/24/14 07:28:13 PM
#2570   Trying the nice new app for the iPhone... Croesus I 11/24/14 07:26:41 PM
#2569   made 102% on that call in a period Croesus I 11/17/14 07:58:34 PM
#2568   up 75% since that post :) Croesus I 10/14/14 05:01:05 PM
#2567   Bought HVU.to based on 60 min chart Croesus I 08/27/14 07:01:16 PM
#2566   Made some great trades which I posted there Croesus I 06/13/14 05:33:03 PM
#2565   ain't dead yet. Posting on JP's thread Croesus I 05/14/14 12:27:50 AM
#2564   Interesting post of mine from March 12, 2009 Croesus I 03/01/14 02:00:14 PM
#2563   up almost 5 grand for one days work. Croesus I 12/16/13 11:13:45 PM
#2562   My original purchase two days ago (Dec 9, Croesus I 12/11/13 06:51:35 PM
#2561   buyz NUGT @ 27.42 Croesus I 12/09/13 09:47:45 PM
#2560   How 'bout dat? Croesus I 12/09/13 07:57:52 PM
#2559   so it goes... Croesus I 11/26/13 10:08:55 PM
#2558   yeehaw! nice trend in play! However, it Croesus I 11/19/13 07:06:37 PM
#2557   we heeeee nice ride so far! Croesus I 03/27/12 01:14:55 AM
#2556   bought TYH-n @ 59.97(3x bull technology) new highs Croesus I 03/13/12 03:02:14 PM
#2555   well that was quick... out HNU @ 3.81 ouch! Croesus I 03/01/12 01:43:33 PM
#2554   well that was quick... out HNU @ 3.81 ouch! Croesus I 03/01/12 01:43:28 PM
#2553   bought HNU http://stockcharts.com/c-sc/sc?s=hnu.to&p=m&yr=0&mn=6&dy=0&i=p75 Croesus I 02/29/12 03:55:40 PM
#2552   bought SCS-t @ 3.42 Croesus I 02/28/12 02:32:15 PM
#2551   stopped out of LDK @ 6.24... ugly shooting Croesus I 02/28/12 02:28:16 PM
#2550   http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=hou.to,pltadanrbo[pa][d][f Croesus I 02/27/12 04:35:17 PM
#2549   bought LDK-n $6.30 & GIX-T $.415 Croesus I 02/27/12 03:21:48 PM
#2548   bought LDK-n $6.30 & GIX-T $.415 Croesus I 02/27/12 03:21:44 PM
#2547   bought HOU.to 7.45 (2x oil etf) Croesus I 02/26/12 08:07:17 PM
#2546   WOW! U got a double on a Croesus I 02/14/12 02:50:26 PM
#2545   so why are you following it then? Croesus I 02/14/12 02:39:10 PM
#2544   Real shocker that this board only has 54 Rawnoc 02/13/12 08:26:02 PM
#2543   Considering that the stock was at $0.18 then MikeDDKing 02/13/12 04:54:29 PM
#2542   You don't get it do you? Croesus I 02/13/12 04:45:28 PM
#2541   Wow! This board hasn't seen so much Croesus I 02/13/12 04:42:57 PM
#2540   yeah... LOL you can say that again. Croesus I 02/13/12 04:31:42 PM
#2539   I take it you were born prematurely? Rawnoc 02/13/12 04:27:04 PM
#2538   anyway Thanks for the heads-up! Croesus I 02/13/12 04:22:25 PM
#2537   Well, I expect to make money sooner but MikeDDKing 02/13/12 04:22:23 PM
#2536   9 months? That's too long. I'll Croesus I 02/13/12 04:21:03 PM
#2535   I believe so but ask me in 9 months. MikeDDKing 02/13/12 04:19:51 PM
#2534   Well that was quick... you said that Croesus I 02/13/12 04:18:58 PM
#2533   I'm bothering because I believe I will make MikeDDKing 02/13/12 04:17:26 PM
#2532   Why bother? Croesus I 02/13/12 04:16:11 PM
#2531   INXSF / INX.V is a rapidly growing marketing MikeDDKing 12/19/11 09:53:24 AM
#2530   INX.V/INXSF.PK is a potential multi-bagger. MikeDDKing 11/24/10 03:40:32 PM
#2529   still holding TAN, CSIQ out of the others Croesus I 10/27/10 04:03:02 PM
#2528   forgot to update this thread. out've FAS Croesus I 09/29/10 03:49:57 PM
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