Wednesday, November 17, 2010

Trading Charts Intraday and Long Charts

I use 5 min candle for Intraday and 1 day candle for historic chart.

I love Quote tracker where I have developed some paitbar which gives me signal for entry and exit, with the paint bar I use other indicators as you will see on the bottom of charts to make a better decision. For swing trade position, when EMA(5) stays above SMA(15) is a solid indicator and when price breaks below SMA(25) I wait for entry based on my paintbar.

I have attached 2 examples, 1st chart is for intraday and 2nd is with historice for symbol HND.TO.

Please send me an email if you have any questions. Thank you.

Sunday, February 21, 2010

Week of Feb 22

It was nice week overall with gold and metal stocks. I think HGD.TO will be good play for this week. DJ came back bounce nice as well in last week.

Market will be volatile, it is either consolidating for next breakout or we will see good correction in few weeks. So I am not taking position for longer period of time.

Happy Trading !!!

Sunday, February 7, 2010

DJ 30 at important level for resistance

DJ 30 got touchdown with EMA(200) resistance level on 3 yr chart, it has come up very fast from 6500 to 10000 level in short period of time. I enjoy this ride.....Time to be careful now....I will watch for EMA(12) cross over to EMA(200) for break out for long term and in short term swing trading market gives plenty of opp. every day to make good trades.

Gold was down significantly from all time high, I will play HGU.TO to make short term profits if gold shows some corrections which I think is very possible.

Happy Trading !!!