Reversal swing dates for the week of 8/30 – 9/3
Monday – Lean Hogs, Natrual gas, Japanese yen
Tuesday – RBOB gas, Silver, Canadian dollar
Wednesday – Wheat, Soybeans, Gold
Thursday -
Friday- Soybeans, Dow Jones, Canadian dollar
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
Reversal dates for the week of August 23- August 27
Monday – Gold, S&P
Tuesday – Soybeans, Dollar index, Eurocurrency
Wednesday – Crude oil, British pound
Thursday – Corn, Soybeans, Bean oil, Silver, S&P
Friday – Dow Jones
Reversal Dates for the week of August 9 – August 13
Monday – Soybeans
Tuesday – Japanese yen
Wednesday – Corn, Treasury Bonds, Canadian dollar, Eurocurrency, Australian dollar
Thursday – Soy meal
Friday – Corn, RBOB gas, Gold, Dow Jones
Reversal dates for the week of August 2 – August 6
Monday – Hogs, Wheat, Soybeans, British pound, Coffee
Tuesday – Canadian dollar, Sugar
Wednesday – RBOB gas, Gold, Treasury bonds
Thursday – Crude oil
Friday – Natural gas, Heating oil
Reversal dates for the week of July 26 – July 30
Monday – Crude oil, RBOB gas, British pound, Cocoa
Tuesday – Hogs, Soybeans
Wednesday – Crude oil, Gold, S&P, Coffee
Thursday – Heating oil, Eurocurrency
Friday – Corn, Heating oil, Dow Jones
Reversal Dates for the week of July 12 – July 16.
Monday – Cattle, Soybeans, Gold, Cocoa, Coffee
Tuesday – S&P, British pound
Wednesday -
Thursday – Crude oil, Natural gas, Treasury bonds, Dow Jones, Australian dollar, Coffee
Friday – Cocoa
Swing trading software – How will does “action-reaction” tell us about the next move in the euro?
The June Eurocurrency posted pivot highs of the April 15 and May 3rd reversal swing dates. Both dates marked the end of the corrective bounce and triggered a bearish reversal, followed by a lower market. The euro also posted a 570 point rally, during the two session following the May 6th reversal date. Since then, the euro has dropped to a new low and reached the up-sloping reaction line target objective,on the May 19th reversal date. The market has completed a full cycle, with time and price coming together on May 19th. The euro rebounded off the reaction line suggesting the downward pressure may be over soon and could set up a possible bullish reversal pattern. For undated trade signals check out the TMV Swing Trade report.
June Eurocurrency
Swing trading software – How will Soybeans react after reaching projected target?
Twenty days after posting a high near the April 21st reversal date, July Soybeans reached the up-sloping reaction target line. The daily low of $9.31 tested the reaction line before finding support and rebounding to unchanged. This completes the five-wave cycle as the Soybeans reach the target objective–projected two weeks in advance–on the projected reversal date. While the long-term trend is still bearish, the short-term cycle suggests a possible corrective rebound from this level. I’ll have current updates in the TMV Swing Trade report.
July Soybeans
Currency Trading – Reversal dates project major turning points in Canadian dollar.
The Canadian dollar formed a bearish TR swing pattern after posting a major high on the April 22nd reversal date and turned lower in front of the May 6th meltdown and subsequent drop to 9293. The “loonie” rebounded from the low and traded higher into the May 12th reversal swing date, closed inside the 60% sell window and tested the 20- day SMA. This price action formed a potential bearish TC pattern with trigger price below the price bar that entered the 60% sell window and triggered the sell when the market passed through .9717. This is just one example of the potential provided by understanding “action-reaction” price action in conjunction with the reversal date trading technique. Using the “action-reaction” time/price projection methodology I was able to identify a major reversal timing on April 22, followed by the high of the corrective rebound on May 12…days in advance.
June Canadian dollar
RT Swing Trader Software
