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
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
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.
“Action – Reaction” swing trading strategy in Gold.
This chart offers a good example of a TC pattern (Trend Continuation) in the June Gold. After touched the ascending median line on April 12th, Gold began a corrective pull back into the April 19th reversal date and posted a low at $1124.50, where Gold found support from the up-sloping lower parallel line and the 20- day SMA. The reversal date confirmed the low pivot and the beginnng of a new upward leg. The price swing between April 14 and April 19 formed the TC pattern and could also be used to make the future time and price porjection that identified May 17th as the future reversal date and put the reaction line target objective at the $1250.00 price level. Gold continued the rally off the April 19th reversal date and reached a high of $1249.70 on Friday, April 14, one day before the date, projected three weeks earlier. To learn more about this type of swing trading strategies using the “action-reaction” method with reversal dates you can read “Unlocking Wealth, Secret to Market Timing.
June Gold
Bullish reaction swing sets up buy for July Silver.
A bullish reaction swing has formed after Silver dipped down to $17.85 on April 28th. The market traded had traded through the 20-day SMA on the decline, but reversed and traded up through the 20- day SMA on Thursday. The “double cross” pattern enhances the potential buy signal provided by the bullish reaction swing signal pattern. This pattern could be the precursor to a new bullish leg in the Silver. Check the new issue of the Traders Market Views Swing Trade Report for updated recommendations.
July Silver
Reaction swing triggers buy signal for June Heating oil.
June Heating oil rallied off the low, posted on the April 28 reversal swing date. The market had dipped down into the reversal date, with two lower closes, leading into the pivot low. After finding support from the lower up-sloping action line, Heating oil ended the corrective pullback and turned higher. The new upward thrust is pushing the market out of the cconsolidation pattern where it has been trading over the past three weeks. The market should have built up enough energy to break out of the pattern and begin the new upward swing into the next reversal date on May 7th. This reaction swing pattern also projects a price target objective at 2.4250.
How to find and use the reaction swing pattern to make future Time and Price projections for swign trading is covered in the book “Unlocking Wealth, Secret to Market Timing.”
June Heating oil
Swing Trade signal for Soybeans reaches target objective! [chart]
On April 5th, July Soybeans posted a low close of $945 1/4 inside the 60% buy window. Two days later, Soybeans rallied out of the buy window and traded through the trigger price for a long entry signal. The reverse/forward count projected a new upward price swing of twelve days from the low close from April 5th. I also used the count to project a target objective at the down-sloping reaction (red) line. After the buy signal was triggered, July Soybeans rallied over 60 cents into the April 21st reversal date and touched the down sloping reaction line - at $10.17 – on the following (trail) day. Soybeans reversed at the reaction line and are currently trading sharply lower. By understanding how to use the “action-reaction” price behavior I could have identified the target objectives two weeks in advance. To learn more about this trading technique read “Unlocking Wealth, Secret to Market Timing”.
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
RT Swing Trader Software
