RT Swing Trader Blog | News
20Aug/100

Swing Trade Strategies – Learn to read between the lines. [chart]

Dr. Alan Andrews stated that when a median line (the white center line) is drawn, from the most recent swings, the price should return to the medain line 80% of the time. This median line can be used as a target objective where the market will often form a new pivot. October Cattle first tested the median line  on July 21 when it traded to a high of 95.02. After a second test, on the following day, Cattle reversed, forming a high pivot and dropped to the 20-day EMA, trading as low as 93.25 on July 29. So far, the market had been following price behavior described by Dr. Alan Andrews.

He also stated that when a price returns to the median line the price will often form several small swings around the median line where it will touch or cross the line more than once before moving on. October Cattle tested the median line for the second time on August 2 and crossed above the line on August 4, only to back off and drop below the line on August 10. So far, so good. The market is behaving according to the plan. But, this is where it gets interesting.  Each time Cattle crossed above the ascending median line, the market would pull back and close near the median. It was not until August 18 when Cattle posted a strong close with good separation from the median line. This was another  "market tell" that Cattle are ready to resume the upward trend with a new target objective at the upper parallel line. Remember, price will continue to move towards the nearest line 80% of the line. In this case the upper parallel line is the new objective.

Understanding market behavior can and will alert you to trading opportunities and allow you to be aware if the market is behaving correctly so you can take advantage of this behavior. It is all between the lines. Learn more about using 'action-reaction" lines and swing trading strategies at www.tradersnetwork.com.

By John Crane

October Live Cattle
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16Dec/090

Lean Hogs may be completing bullish cycle. [chart]

The February Hogs have been in a strong upward trend since early August, but that may be coming to an end. The market appears to be in the final stages of  a complete cycle and overdue for a corrective move. Hogs posted a short-term low on the 12/11 reversal date before trading up to the sloping reaction line target objective. The market is in the final stages of forming a possible TR swing pattern. (A TR swing pattern typically forms at major turning points in the market.) I will give the market another day to see if a confirming pattern forms. Keep in touch with the TMV Swing Trade report for further updates.

February Hogs

February Hogs

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17Nov/090

Lean Hog turn bearish after completing bullish cycle

Feb Lean Hogs completed the bullish reaction cycle and have began a trend shift.  The cycle began with the TR pattern on August 19 and ended with a high pivot on the projected reversal swing date of November 2, 2009, where Hogs had reached the reaction line target objective in conjunction with the projected reversal swing date.  The market turned at the confluence of Time and Price and declined to the lower parallel line where it is currently forming the last stage of a bearish TR swing pattern. A trade below the (C) pivot low will confirm the swing pattern and the longer-term TR pattern. This would mark the beginning of a new downward trend.

www.tradersnetwork.com  / www.reversaltracker.com

February Lean Hogs

February Lean Hogs

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4Nov/090

Gold reaches projected target objective!

December Gold – Gold found support where the prior swing high and the upward trending parallel crossed at $1027.00. A two-bar double bottom provided a support for the reversal and subsequent rally. Gold surged higher on Tuesday, after news that the International Monetary Fund had sold 200 tons of gold to the Reserve Bank of India for $6.7 billion. After closing over $33.00 higher on the day,  Gold may be a little overextended for the short-term and could hit resistance at $10.95.00 level.

December Gold

December Gold

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3Nov/090

December Lean Hogs approaching target object and R date

December Lean Hogs – Long from 54.30 – last price @ 57.87– After taking a day to rest and build energy, Hogs resumed the rally today and closed 117 higher. Friday’s small sell-off was held by support from the ascending median line. I think this will act as a springboard for a run to the reaction line target objective at 59.25.   Hold long position, with the stop loss at 56.25 and target objective of 59.25.

December Lean Hogs

December Lean Hogs

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30Oct/090

December Hogs continue rally

December Lean Hogs – Long from 54.30 – last price @ 57.07– Lean Hogs continued to rally today as the Chinese officials agreed to end their ban on imports of U.S. pork. The ban was created six months ago in response to the outbreak of the H1N1 virus and was lifted after Chinese health officials finally agreed that eating properly cooked pork will not give you H1N1. - Hold the long position and move the stop loss to 55.55 with a target objective of 58.50.

December Hogs

December Hogs

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Filed under: Meats No Comments
28Oct/090

December Lean Hogs

December Lean Hogs – Long from 54.30 – last price @ 55.42 - Hogs surged to a new three-month high as it confirms a new reaction swing pattern.  – Hold the long position with the stop loss at 53.25.

December Hogs

December Hogs

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7Oct/090

December Lean Hogs

December Hogs – Now that the Swine flu has been changed to H1N1, it is safe to go back into the Lean Hog market. But seriously, the market has formed an A-B-C continuation pattern over the past three weeks. This type of pattern typically appears in the center of a longer-term reaction cycle. In this case, the pattern projects a price move to the 5600 to 5700 price range.   Buy Hogs on a pullback to 48.35, with a stop loss at 47.25.

December Lean Hogs

December Lean Hogs

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