FPM (Follow the Plan Man!)

Took a couple positions off at the end of the day;
Don’t like to carry too many over the week end.
TSE:TKO a breakout play that didn’t break out. Out@ 5.20($60)
COL: I’ve had this for a week and it keeps bumping it’s head on 63.50
Out @ 62.99 (-$2)

Todays P&L $58
Holding
TSE:MBT
TSE:MX
LINE
COH
 
Methodology

I use 4 different set-ups depending on what the market is doing. The following is for long trades and can be reversed for short.

Breakout: Price trades above the 20 day high on above average volume. Entry just above resistance; Stop just below resistance; Exit with a trailing stop.

3-5 Bar reversal: Price makes new high then reverses making lower highs and lower lows for 3 or more Bars. Entry when stock moves above the prior bars high or forms a reversal bar: stop at prior bars or reversal bars low; trail stop at prior bars low.

Bottom Fishing: Price has been declining. Buy when the price trades above the high of the lowest bar or forms an inside bar that closes near the high. Stop will be the low of the lowest bar. Exit with a trailing stop or at set target.

EOD: Abnormal price and volume action that is expected to carry on into the next day.
 
How do you find the volume on many of the TSE stocks for daytrading? I see you are mainly swing trading but are there any TSE stocks you like to daytrade?
 
Quote from mindtrade:

How do you find the volume on many of the TSE stocks for daytrading? I see you are mainly swing trading but are there any TSE stocks you like to daytrade?
More...

Both my charting program and trading platform give me volume.

I don't have favorite stocks. I scan for set ups.
 
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