Madcaptains

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...

Madcaptains Updated 

This week CSU went back down to test the resistance level at 2179.79 ish. Today we went below the resistance level and then back up and closed on the high above yesterday's high on very decent volume. On the Weis Wave we can see some good strength in the background. Text book spring if you ask me. My target is at the top of the channel line at 2332. My stop is...

Madcaptains

TRQ is in a channel. After a retest of the low of the channel, it’s now about to close above the POC and last high before the retest. Stochastic is bullish and the last earning report was great.

Madcaptains

Nice pennant forming here. If it breaks up, I see potential for good gain. I see a hidden bullish divergence on the Stochastic, Relative Strength show it's performing better than the SPX is and ADX show increasing momentum. What's not to love?

Madcaptains Updated 

LB is breaking out. I’m aiming for a 12 gain from where it is now.

Madcaptains Updated 

PINK has bounced up and down in a channel lately. Looks like its ready for another ride up

Madcaptains

Higher lows, higher high. That never ending down trend has reversed.

Madcaptains Updated 

Indicators are on the rise, price broke above the last high and volume is up. My target is on the chart

Madcaptains Updated 

DFLY broke out from consolidation today. Unfortunately, it already went all the way up to the target (Fib multiplier of 1 to the left). Looks like there's another opportunity coming though. I placed an order to enter the market if it reaches 2.87. If it does, the new target will be Fib multiplier of 1 on the right size.