Watch Current Trade

"Watch Current Trade" is a new link on the Home page of  Kenuck SmallCap Trader that  leads to this board for wanderers that are unaware of the blog.
This is not an investment advisory.... Some trades will be in step with "Track My Trade" and I will adhere to their commentary unless I have a specific concern, which I will make known. Click on the tab above at the top of the page to go to the current "Watch Current Trade" postings.

GLTA Lostoutwest

Kenuck SmallCap Trader

Track My Trade - this is a link to an off site I follow, and have no affiliation with.

National Post

Grandich

StockCharts Public Chart List

CBCnews

Please read our Complete Disclosure

If you see the hand... click on screen shots to enlarge them.

My FAVE Uranium stocks

In the order most likely to produce near upside moves based on producer status... down to junior explorer.

DML.TO The best positioned chartwise... strong fundamentals

URE.TO Good looking chartwise... ranging but moving for a breakout.

PDN.TO Ranging but looks strong for an eventual move up.

LAM.TO  I need to further DD on a not bad potential looking chart

URC.V... Watching close for a spike trade.

GLTA Lostoutwest

Kenuck SmallCap Trader

Track My Trade - this is a link to an off site I follow, and have no affiliation with.

National Post

Grandich

StockCharts Public Chart List

CBCnews

Please read our Complete Disclosure

If you see the hand... click on screen shots to enlarge them.

SQI.V

for those of you who like to play bottom pick 101, then the obvious choice would be SQI.V.... Price will lead the bounce.... Indicators will likely be trailing... MACD will likely lead the trailing indicators as a positive divergence... My present target is under .70 cents with hopes to move in at the low 60s... this remains to be seen... look to the charts in the public list for a buy target to appear on the morning I make my own move.


GLTA Lostoutwest

Kenuck SmallCap Trader

Track My Trade - this is on off site link to a site I follow and have no affiliation with.

National Post

Grandich

StockCharts Public Chart List

CBCnews

Please read our Complete Disclosure

If you see the hand... click on screen shots to enlarge them.

VG.TO

Playing continuations as VG.TO is presenting itself chartwise as a lesson in making the right selection for resistance busting, at times which, is a speculation that has its roots in, glued to the screen Level II watching.

As such we are concerned that .60 cents would represent an area where paper has come out before, but upon an examination of the asks above .50 cents on level II,  this is contrary, at least for the moment, there is not enough asks, such that a rise through this previous level of resistance could be slow due to the fact that as a psychological factor, the lack of asks will simmer the buying because strong hands don't chase, rather they bid, and demonstrate patience for loose hands to come down into the buying range to make the trades worth while.

This where the buying from the side (can be observed in real time on level II) comes in as  an adrenaline factor.  Buying from the sides could chase up the price on low or high volume which would suit me... buying in from the sides deciding not to bid, to take a bit of higher risk, where possibly it is justified for traders, is the spice of life, and can just as easily be quite profitable providing some real sport going with the flow.


However, small asks on prices under a dollar dont motivate strong players, and they hesitate to to chase the price up making it more expensive for them to take a position. As a strong point... this is an area where the loose hand mentality tends to top the issue out of fear and provides strong bull bait for the continuation to expand surprising the toppers to no end. They just don't see it.
Lack of asks also increases the risk of a spike through exuberance and will result in a temporary unsustainable high that needs to correct.


GLTA Lostoutwest

Kenuck SmallCap Trader

Track My Trade - this is on off site link to a site I follow and have no affiliation with.

National Post

Grandich

StockCharts Public Chart List

CBCnews

Please read our Complete Disclosure

If you see the hand... click on screen shots to enlarge them.

Track My Trade

has now been added as a default convenient link at the bottom of each post to facilitate expedience for those so inclined to follow the site for their own personal reasons. I have no connection with the site other than I follow it myself.

GLTA Lostoutwest

Kenuck SmallCap Trader

Track My Trade

National Post

Grandich

StockCharts Public Chart List

CBCnews

Please read our Complete Disclosure

If you see the hand... click on screen shots to enlarge them.

Track My Trade

I have been following a site called Track My Trade. He-They trade triangles... which is a popular style, and in this case I have followed their trades, and I pass on the link for evaluation.... the stocks so far are chartable picks, and the description though simplistic (makes me jealous) have an honest quality, in that if a person can bid, and purchase a stock at his listed price, there may be something to be said for his speculations as far as the downside risk, and as well the points of entry match my own targets... whether I trade with him, likely depends on whether I am already into another issue, as I wont hold more than about 3 stocks at any one time due to the volatile nature... diversity often increases risk in my own picks.

My biggest impression is that as long as they keep the quality of the issue high, trading triangles is a solid gorilla tactic, and if the site counter is right, I feel that he has harnessed the power of mass appeal to thinking for the herd, such that they have a following, that to say the least has the power to make the triangle trading profitable for those who do not chase past the chosen entry as depicted. The presentations appear to be timely, and as of their latest post, have mirrored my own thinking as far as the commentary goes when describing the reasons for the choice.

I have never been one to turn my back on something that works... so I have decided to emulate albiet a bit different, a Track my trade as well, and in a lot of cases may move in step with them.

After going over the history of his picks, I do however find that he has chosen a few particular choices that are his favorites to trade which is good in that a person can do some due dilligence, and become more familiar in passing.

GLTA Lostoutwest

Kenuck SmallCap Trader

National Post

Grandich

StockCharts Public Chart List

CBCnews

Please read our Complete Disclosure

If you see the hand... click on screen shots to enlarge them.