Madcaptains

Madcaptains Updated 

Upthrust against resistance, in down market. My target is on the chart

Madcaptains

REI.UN broke out on increasing volume last week. Friday we saw a nice retest of that level.

Madcaptains

I bought at the opening this morning. Here HR.UN has for ed a trading range from mid Dec until now. Last week strength entered and we overcame the resistance area. Note that this resistance area was previously a support formed by high buying volume in August. We broke resistance and then retested on Friday with a nice springboard.

Madcaptains

There is no supply anywhere in that market. The last UT was a probe to go up. Easy to say that in retrospec I guess. Anyway, instead of being met with supply, buyers came in so that mKes it a probe. There was a good bar to buy 3 bars after the one marked as SOT. Over the las weeks we saw absorption. This week looks like stopping action or perhaps a UT (to be...

Madcaptains Updated 

Here I see absorption at resistance after a very long consolidation process. Some strength has entered the market over the last days. I went long today at the close.

Madcaptains

My target is 3.5% above so nothing to go crazy about. I think BCE has been consolidating, broke above the creek level of the trading range and that it is now retesting. Today we have what I think is an ok retest of the low of the demand that came in on August 6 and its also testing the high of August 6.

Madcaptains

Looks lime a good setup on this one today. I see demand coming in each time we test the low of this trading range and I dont see any supply in the background. Today we went down to retest almost at 50% the trading range. There is still 50min before the market close and it things remain as they are right now, today will be a spring of the creek area on increased...

Madcaptains

I think CTC.A is at the end of an accumulation trading range. Strength came in over the last couple of weeks. Im not long yet as I expect a retest of the creek agre. The creek area would also correpond to a 50% retracement of las week. Any thoughts, comments, ideas?

Madcaptains

I would usually share trade ideas here but instead, I’d like to ask a question to the day traders among us. When you start your day, how do you pick good candidates (on the tsx) for trading on 5m or 15m timeframe. Do you stick to 1 or a few stock that you trade everyday or do you adjust daily? If you stick to the same few stocks, why those specific stocks? When...

Madcaptains

The market broke out of a trading range and is now in a spring position

Madcaptains

A spring on the daily chart. My target is on the chart

Madcaptains

I’ll follow that one, just in case. I dont usually trade based on patterns like that so there might be something I’m missing. Thoughts and comments are always welcome

Madcaptains Updated 

In my humble opinion the TSX has been in an accumulation trading range since Dec 1. We are now coming out of it nicely and holding above. If anyone has ideas to improve this labeling, please let me know. I chose to lable the down move that happened in late Nov as a selling climax instead of an automatic rally because I think it has the character of a selling climax.

Madcaptains Updated 

This one took quite a plunge after a short report at the end of last year. Since then we have been in a trading range that started with a rather dramatic selling climax on Dec 8. Relative to the TTTK index, NUVEI did better since Dec 8. On March 7 we had what I believe is a wyckoff last point of support followd by a test. If so, we would be in the sign of...

Madcaptains

I’m trying to desifer the TTTK today. I have 2 theories so far. Below is a wycckoff down sloping formation with a sign of strength rally and a back up action at the end. If thats what it is, today would be a nice test before the next up more. I kind of like this scenario but I fear that maybe I like it just because this is what I want to happen. There is always...

Madcaptains

I think we recently assisted to the selling climax followed by the best rally since the beginning of the down trend (Automatic Rally). If so, the 2 parallel lines on the chart should be our trading range for the next little while. It’s too soon for me to tell if it will be a redistribution or accumulation. Time will tell. Until then, there might be good long and...

Madcaptains Updated 

I’m just studying Wyckoff. I know nothing. Assume I’m wrong. To me this looks like the end of a distribution range and the beginning of the markdown phase. Last week I shorted at the LPSY and closed when the price reached support. With today’s price action and volume so far (it’s midday), I think we are seeing sig s of no demand as it tries to move back up to...

Madcaptains Updated 

THRM has been consolidating since it break above 0.47 last week. 0.47 has served as a good support since then. Today we tested below 0.47, found no supply (low volume) and went back up to close firm on the high, above yesterday's close. My target is last week's high at 0.52. That would be a nice 13.5% gain. My stop loss is right below today's low at 0.45. The...