Canadian Stocks Trader

Trading Charts Intraday and Long Charts

2010-11-17T09:38:00.003-05:00

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.

Week of Feb 22

2010-02-21T18:58:00.002-05:00

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 !!!

DJ 30 at important level for resistance

2010-02-07T16:13:00.004-05:00

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 !!!

DJ 30 Chart breaking through Important Resistance

2009-05-05T10:20:00.004-04:00

Check my new chart, In my post on Feb 4, the DJ chart showed EMA(72) acting as a solid resistance for swing trading point of view. On 24th April DJ 30 Index pierced through EMA(72), which shows a positive sign of market improving for swing traders, If index continue to go up chances of touching back to EMA(72)in short term is very high before bouncing back from this EMA(72) level.

Video - Mark Douglas - Mind Over Market

The following webpage plays a great Wizetrade TV video interview with Mark Douglas, discussing the probabilistic nature of the markets and the mindset challenges that prevent many of us from achieving consistent results.

Video is 54 minutes long, but worth to watch if you interested in learning mental chellenges in trading market.

General Motors Corp., and ongoing uncertainty about the financial system and DJ

2009-03-05T11:18:00.004-05:00

My DJ chart posted few weeks before showed the support @ 7200 which is now broken and DJ now is at 6673 now on intraday. Now it is not clear where the next support is because market so beaten up and big companies posting losses and all, I plotted few EMAs to find the next possible support. I can only see possible support is EMA(500)(I have never used EMA(500) EVER before, market never been so bad.)
EMA(500) is 6104. So If market keeps dropping, it may touch 6100.

Do Not Go Aginst the Trend..."Trend is Friend"

The Daily Show With Jon StewartM - Th 11p / 10c

CNBC Gives Financial Advice

Daily Show Full Episodes
Important Things With Demetri Martin

Political Humor
Joke of the Day

DJ level at very important support level

2009-02-27T09:15:00.002-05:00

It is very important to monitor this level. Watch for the bounce or break down from this support. Indicators are showing it is very oversold, short term swing is very possible. Current market driven by news and political intervention, so please be careful. Do not go against the market.

How I day Trade ?

2009-02-04T11:56:00.003-05:00

Many ppl ask me about how I do day trade...today SU made perfect setup so I thought it was good idea to share with you. Please see my trade in the attached picture.

I entered in SU yesterday afternoon at 23, when Nice candle formed crossing above EMA(5), decent volume, and most technical indicators crossover specially positive momentum from the last indicator. I got out of the position at 24.60 when on intraday chart most indicators were showing the chart as overbought.

This is a almost picture perfect setup where most ppl can male money if played correctly.

Happy Trading...

DJ chart

2009-02-04T11:39:00.001-05:00

Feb 03

2009-02-03T16:02:00.001-05:00

Bought 200 BMO @ 32.00

Bought 100 SU @ 23.50

Jan 26, 2009

2009-01-26T16:32:00.002-05:00

Traded BMO and CM

BMO - Profit $ 70

Entry 29.66 (Yesterday)

Exit 30.70 (Today)

In past week made some money trading in YRI, SLW, ELD, CM.

Good strat of the 2009 so far..

Happy Trading

Daily Log Dec 08

2008-12-08T21:20:00.000-05:00

Made $ 370 in profit trading SLW today..

Daily Log Dec 03

2008-12-03T16:04:00.001-05:00

2 small trades of YRI

made 26$ net

Daily Log Dec 02

2008-12-02T16:31:00.002-05:00

Sold 200 YRI @ 6.30

Profit $ 30

500 YRI Bought @ 6.27 Sold @ 6.32

Profit $ 25 - commission

500 YRI Bought @ 6.29 Sold @ 6.38

Profit 45 - commission

Daily Log Dec 01

2008-12-01T15:56:00.001-05:00

Sold SU.TO @ 24.80
Profit 660 - Commission

Bought 500 ELD.TO @ 6.30Sold 500 ELD.TO @ 6.00
150 + Commission LOSS

Dalily Log Lov 28

2008-11-28T16:08:00.001-05:00

Bought 200 POW.TO @ 22.70

Bought 2000 CLL.TO @ 1.25

Daily Log Nov 24

2008-11-24T19:35:00.003-05:00

Daily Log Nov 24

Sold K.TO @ 18.50

$ 740 - commission

Bought 200 SU.TO @ 21.50

Bought 1000 UUU.TO @ 1.00

Bought 200 YRI @ 6.15

Daliy Log Nov 21

2008-11-21T21:15:00.001-05:00

K.TO

200 Shares

Bought @ 14.80

Still holding

Daily Log Nov 19

2008-11-19T16:26:00.003-05:00

K.TO - 300 Shares

Short @ 15.65 Cover @ 15.20 Profit = $ 135

Buy@ 15.43 Sell @ 14.60 Loss = $ 51

Total = 84 - Commission

Daily Log Nov 18

2008-11-18T16:07:00.001-05:00

K.TO

300 shares buy @ 15.25 sell @ 15.23 -$ 6
300 shares short @ 15.18 cover @ 15.00 $ 36
300 shares short @ 14.95 cover @ 14.45 $ 150
300 shares short @ 14.66 cover @ 14.80 - $ 42

Total + 138 - Commission

If I had short the stock from Open to Close 300 shares = + 216 - Commission

Daily log Nov 17

2008-11-17T16:26:00.001-05:00

K.To

300 shares buy @ 14.70 sell @ 15.20 $ 150
300 shares short @ 15.00 cover @ 14.77 $ 69
300 shares short @ 14.70 cover @ 14.38 $ 96
300 shares short @ 14.70 cover @ 14.85 -$ 45
300 shares short @ 15.10 cover @ 15.38 -$ 84
300 shares short @ 15.70 cover @ 15.43 $ 81

Total + 267 - Commission

IAG, NT - Nov 05

2008-11-05T15:55:00.000-05:00

IAG buy @ 26.15 - 200 shares
NT buy @ 1.47 - 1500 shares
TH buy @ 1.97 - 1000 Shares

Welcome to Canadian Stocks Trading

2008-11-05T15:12:00.000-05:00

Hi,

I am trading since last 6 years mainly in US stock market. Here is my first try in Canadian stocks market. Basic purpose of this blog is to record my own stock picks and entry, exits. I am not authorized person to recommend any trades. If you like to trade from my picks, please do you own DD and play at your own risk. If you like to post a comment about anything, please feel free to do so. Thank you and once again welcome to my Canadian Stocks Trading blog.