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
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
Swing Trading Software for Trading Currencies.
Looking for a trading software program to help you trade the volatile currency markets? You may want to consider the RT Swing Trader. The program signals are pattern based so that it uses the markets own price action to identify “sweet spots” where the markets are building energy inside a trend that precede explosive market moves. Once the signal has been triggered the program will make time and price projection using the unique “action-reaction” theory to project price target objectives as well as the duration of the trade. Intelligent and dynamic protective stops are automatically adjusted based off market direction, price range and momentum, therefore, protective stops are determined by actual market conditions and are not arbitrary. The program can adjust to market conditions because the algorithms are based on timeless and universal fundamental principles of the market, therefore it can work under any market conditions and or any timeframe. Check out the performance of four of the RT Swing Trader portfolios at www.rtswingtrader.com and sign up for a free 30- day trial so you can use it for yourself.
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
Swing trading strategies – How to use Market Timing Intelligence to signal swing trading opportunities.
July Silver peaked at $18.89 on May 3rd, one day after the projected reversal swing date. The following day, Silver began a sharp two-day decline that dropped the price from $18.85 to $17.08. The price decline stopped inside the 60% buy window (based off the price swing from March 25 to April 12), but more importantly, Silver has plunged into a second reversal swing date. (Typically, when there are two reversal swing dates close together, the second date is the dominate swing date.) The market paused for one day, after trading into the May 5th reversal date, before turning higher and surging over $2.65 during the next four trading sessions. The low pivot posted on the May 5th reversal swing date marked the end of an ABC continuation pattern that falls in the center of a longer-term reaction cycle.
Currently, the Silver is approaching the upper reaction line and is overdue for a much needed corrective pullback. The corrective pullback is needed to form the next reaction swing in the cycle progression and mark the beginning of the next bullish cycle. Even though the market is overbought at this time the momentum could push Silver over $20.00 before the correction begins.
The Silver market has been very volatile lately, which in turn brings high risk as well as the potential for a high return for traders willing to take the risk. However, the foreknowledge of where and when the market may turn can help control the risk and give the astute trader a heads up to trading opportunities.
July Silver
Swing Trading Strategies by John Crane – Reversal date pinpoint reversal in Swiss Franc. [chart]
The reverse-forward count, from the TR swing pattern (March 17 – April 4), was used to project a future reversal swing date on May 6th. The “action-reaction” line also forecast a price target objective at the intersection of the down-sloping median line and the up-sloping reaction line (8920). The Swiss franc breached the target objective on the predicted date and quickly reversed and surged higher. You can also learn to use the “action-reaction” methodology used to make this type of time and price projections in “Unlocking Wealth, Secret to Market Timing.
June Swiss Franc
Swing trading strategy by John Crane – Dow Jones high projected by R-swing date.
The Dow futures plunged 994 points, to a low of 9840, before a short-covering rebound. The April 27th and May 3rd reversal dates identified the major highs that formed the bearish TR pattern in the Dow Jones futures that signaled the trend shift and triggered the sell. However, today’s wide range day has skewed the cycle and it will need a few days to form a new signal pattern.
June Dow Jones
Long July Cocoa reaches reaction line on projected reversal date!
July Cocoa - When July Cocoa dipped into the 60% buy window on April 12th, the RT Swing Trader program triggered a buy signal for the July Cocoa at 2934. As soon as the buy signal was triggered, the RT Swing Trader identified April 26th as the projected reversal swing date and placed the reaction target objective at the 3200 to 3250 price objective. As you can see for the chart below, during the following eleven trading days, Cocoa rallied from the entry price at 2934 and finally reached the reaction line target objective of 3228 on the projected reversal swing date of April 26th. This is a prime example of how understanding how to use the action-reaction methodology and being able to identify the proper set up pattern can be used to enhance any trading approach. If you do not have the time to do the proper analysis, the RT Swing Trader will do it for you.
July Cocoa
Dow Jones breaks resistance hurdle, bullish cycle remains intact.
After confriming the bullish TC (trend continuation) pattern on March 2nd, the Dow Jones futures stalled at the prior pivot level and even backed up to test support at the lower parallel line. However, the bullish cycle held and propelled the Dow Jones futures past the previous high with good seperation. This keeps the bullish cycle intact with the next target objective at 10,687. To learn more above how to apply the action/reaction method to you trading check out “Unlocking Wealth, Secret to Market Timing” or check out the youtube video at http://www.youtube.com/Tradersnetworkinc
March Dow Jones
RT Swing Trader Software
