TradeForGain.com

Nice day, EH? How did you do?

I will cut to the chase, I’m sure you don’t need any hype about today’s greatness — days like today are worth “days” of BS from CNBC and any other financial sites all over the Globe — I’m sure they will be telling you how they actually “told” you this was about to happen… anyway, today was a great relief for all of you invested on “fundamentally” sound stocks. Please feel free to look back at some of my previous trading ideas” here and feel for yourself how well the stocks have been doing… Here are some of today’s results compared to the Dow Jones index (btw: I’m not bragging here, just reinforcing the fact that you should focus on companies that are fundamentally VERY strong and are growing at a faster pace than it’s peers), it always pays off.

TradeForGain.com - How did my trading ideas reacted on a day like this?

Some of the highlights on this list : DAR, IBKR and WMT.

There you go, proven. Sound stocks do better.

Next, let’s look at some of the stocks in my portfolio. Nice present from TD Bank, up about 5.5% in about 6 days. Not bad eh?

Wal-Mart - I’m very content with the results so far, I’m up 5.3% since my entry 6 days ago, that’s right folks, we can still make money in this type of market. Why am I using a bar chart? Just so you visualize better the pattern on it… Candles can be messy on some charts.

TD Bank (TD:NYSE or TD.TO) - Put some two strong candles over the last two days.

Since we are here, let’s look at the Markets:

Currencies

The US Dollar is giving us a nice boxed trade opportunity, basically I just gave you too points, if you go long then use the lower point for stop and vice-versa for short…

As per the Euro, here’s is the Weekly chart, I see a long channel and it’s currently on the upside of that channel… I couldn’t trade it as its not displaying any patterns…. looks congested to me.

The Japanese Yen and Swiss Franc BULL, BULL, run BULL…. The following are weekly charts, the Yen is displaying my “Failed to Drop FTD” pattern and the Swiss Franc a classical bull flag… Easy no? That’s why you have to look at these charts often.

Both the Canadian and Australian Dollar look very weak to me (AUD being the weakest one).

No question the British Pound is very weak at the moment, here’s the weekly chart, let’s use it to learn about a different way to identify trend changes… Observe how the XBP was going very strong and every time it stretched above the Keltner channel it bounced back to the middle line… but it always recovered… then, at some point it pierced the upside very strongly and then bounced back with a “GAP” (November 2007)… Time to watch out, first time it happened…. Then, it touches the middle line, just like other times but this time was different, it kept on going to touch the lower line ! … See my thick red line. That was it folks, the trend change IMO.

That’s it for tonight folks, hope you had as much fun as I did.