Monday â€“ Corn, Copper
Tuesday â€“ Dow Jones, Canadian dollar, Eurocurrency
Wednesday â€“ Corn, Natural gas, Coffee
Thursday â€“ Cattle, RBOB gas, Dow Jones
Friday â€“ Heating oil
Monday â€“ Corn, Silver, Copper
Tuesday â€“ Wheat, Soybeans, Bean oil, S&P, Dow Jones, British pound
Wednesday â€“ Coffee
Thursday â€“ Cattle, Corn, Eurocurrency
Friday â€“ Coffee
Swing Trading with Market Timing intelligence
The most important element of a successful swing trading approach is market timing of both entry and exits. In this educational newsletter, you will learn to predict, identify, and trade short-term swing trading opportunities using a unique swing trading â€œmarket timing intelligenceâ€ methodology. Veteran futures trader and best-selling author John Crane combines his highly acclaimed â€œAction/Reactionâ€ market timing methods with a selective set of Elliott Wave and Fibonacci principles to analyze the market action and project future market swings.
Swing trading and Reversal dates
Every good trading signal needs three key elements to be considered a successful swing-trading signal, Time, Price and Pattern. When these three come together, great things can happen. If you can improve your timing or price entry, it can enhance any trading method.Â That is what the Reversal Dates can do for you. They will identify when the market should react, and at what price level the market needs to be for this to happen. They will even tell you what the market has to do to confirm the trade.Â The first thing I do is, identify Time.
The Reversal Date Indicator consists of three parts.Â The first is Time. This is identified by the projected Reversal date and will indicate which markets are ready to react and when the reaction should occur. The most common misconception about the Reversal dates is the idea that the market must reverse on every signal date, which is not true.Â Instead, the Reversal Date itself helps to identify the marketâ€™s reaction. A high percentage of the time, the market will reverse the current trend, but not always. A smaller percentage of the time, the market will form a â€œcontinuation pattern,â€ indicating the market will likely continue in the same direction as the prevailing trend. Often this will occur during a consolidation or after a very small correction.
Once the Reversal date has been identified, the next thing to do is monitor the price. If the market is making a new high/low, or if it is trading inside a buy/sell window, then the second component of a trade signal is in place. You now have Time and Price working together. For most traders, that will be enough, but the Reversal Date Indicator takes it one step further.
After extensive research into price patterns, I have identified specific price patterns, which occur during reversal timing. These patterns can be used to confirm the market reversals or market continuations. When and only when, these three components are all working together, will there be a swing trade signal generated.
For more information on our Reversal Date Indicator, or should you have a specific market question, please call us at 1-800-521-0705
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Traders Market Views is a product of Traders Network and all statements herein reflect Traders Networkâ€™s market research.Â Traders Network and/or its principals, brokers and employees may or may not have established positions in part or all of the markets herein mentioned.Â It is possible that some of those positions, if any, are in direct conflict with the market commentary herewith.
THE RISK OF LOSS IN TRADING COMMODITY CONTRACTS CAN BE SUBSTANTIAL.Â YOU SHOULD, THEREFORE, CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.Â HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER OR OVER-COMPENSATED FOR THE IMPACT IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT.NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES.
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ALL RIGHTS RESERVED. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopied, recorded or otherwise, without prior written permission from the author.
Monday â€“ Lean Hogs, Natrual gas, Japanese yen
Tuesday â€“ RBOB gas, Silver, Canadian dollar
Wednesday â€“ Wheat, Soybeans, Gold
Friday- Soybeans, Dow Jones, Canadian dollar
Dr. Alan Andrews stated that when a median line (the white center line) is drawn, from the most recent swings,Â the price should return to the medain lineÂ 80% of the time. This median line can be used as a target objectiveÂ where the market will often form a new pivot. October Cattle first tested theÂ median lineÂ Â on July 21 when it traded to a high of 95.02. After a second test, on the followingÂ day, Cattle reversed, forming a high pivotÂ and droppedÂ to the 20-day EMA, trading as low as 93.25 on July 29. So far,Â the market had beenÂ 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 lineÂ where it will touch or cross the line more than once before moving on.Â OctoberÂ CattleÂ tested the median line for the second time on AugustÂ 2 and crossedÂ above the line on August 4, only to back off and drop below the line on August 10.Â So far,Â so good.Â The market is behaving according to the plan. But, this is where it gets interesting. Â Each time Cattle crossed above the ascending median line, the market would pull back and close near the median.Â It was not until August 18 when CattleÂ posted a strong close with good separation from the median line. This was another Â "market tell" that CattleÂ are ready toÂ resume the upward trend with a new target objective at the upper parallel line. Remember, price willÂ 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 andÂ allow you to be aware if the market is behaving correctlyÂ so you can take advantageÂ of this behavior.Â It is all between the lines.Â Learn more about using 'action-reaction"Â lines and swing trading strategies at www.tradersnetwork.com.
By John Crane
Monday â€“ Gold, S&P
Tuesday â€“ Soybeans, Dollar index, Eurocurrency
Wednesday â€“ Crude oil, British pound
Thursday â€“ Corn, Soybeans, Bean oil, Silver, S&P
Friday â€“ Dow Jones
Monday â€“ Cattle, Soybeans, Gold, Cocoa, Coffee
Tuesday â€“ S&P, British pound
Thursday â€“ Crude oil, Natural gas, Treasury bonds, Dow Jones, Australian dollar, Coffee
Friday â€“ Cocoa
TheÂ 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 19thÂ reversal date. The marketÂ 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 theÂ TMV Swing Trade report.
Twenty days after posting a highÂ near the April 21st reversal date, July Soybeans reached the up-sloping reaction target line. The daily low of $9.31Â tested the reaction line before finding support and rebounding to unchanged. ThisÂ completes the five-wave cycle as the Soybeans reach the target objectiveâ€“projected two weeks in advanceâ€“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. Iâ€™ll have current updates in the TMV Swing Trade report.
Looking for a trading software program to help you trade the volatile currency markets? You may want to consider the RT Swing Trader. The programÂ signals are pattern based so that it uses the markets own price action to identify â€œsweet spotsâ€ 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 â€œaction-reactionâ€ 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 fundamentalÂ 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.