One of Dr Alan Andrew’s trading principles ( the Andrew’s Pitchfork is named after him) states that the market should reach the median line 80% of the time. The current chart of March Coffee offers a very good example of this Andrew’s trading principle in action. In the last issue of the TMV Swing Trading… read more
Monthly Archives: December 2010
Grain Opening Calls and News / Futures Broker
WHEAT – Up 1 to 3 cents per bushel. * Market supported by concerns about tight supplies of quality wheat following weather problems in Australia and dry conditions in the U.S. Plains. Softer dollar lends support. Wheat also seen as oversold following active corn/wheat spreading this month. CORN – Steady to up 1 cent per… read more
TMV Swing Trading report – Update for long January RBOB position
TMV Swing Trade report – long January RBOB gas from 2.2970. Market appears to be losing momentum. I recommend closing the long position to bank the current gains. The market is currently trading at 2.3345.… read more
Swing Trading Strategy – Bullish reaction swing confirmed for the Dollar! [chart]
Friday’s outside day is an added confirmation of the bullish zig zag continuation pattern. The market price action portends a price advance into the December 28th reversal date with an initial target objective at 8300 to 8350. I will keep you updated on this swing trade recommendation in the TMV Swing Trading Report.… read more
Reversal dates for the week of December 20 through December 24.
Monday – Soybeans, Soymeal Tuesday – British pound, Cocoa, Swiss franc Wednesday – Hogs, RBOB gas, Canadian dollar Thursday – Soybeans, Coffee Friday –… read more
Swing Trading Strategies – Coffee reaches target objective! What now? [chart]
TMV Swing Trading Report – Long March Coffee from 212.20. – Coffee surged out of the new reaction swing and reached the initial target objective of 224.25. The market had paused and formed a new reaction swing between December 13th and December 16, setting the stage for today’s sharp price advance. The longer-term target objective remains at upper… read more
Grain Opening Calls / Futures Broker
WHEAT – Down 2 to 4 cents per bushel * Consolidation expected as some traders close out positions ahead of the weekend. Losses will be limited by weather problems in the U.S. Plains and Australia. * Some light snow expected in the U.S. Southern Plains on Friday but dry conditions forecast for Saturday through Tuesday,… read more
Swing Trading Strategies by John Crane – This pattern failure could lead to major move in the Eurocurrency! [chart]
March Eurocurrency has formed a bearish A-B-C continuation pattern after posted a sing pattern failure on the December 14th reversal date. This type of pattern typically precedes a significant price move in the prevailing trend direction. The zig zag pattern can also identify the center of the longer-term cycle. If this is confirmed, the euro… read more
Swing Trading Strategy – What is the next move for Soybeans? [chart]
January Soybeans traded higher after testing support at the 20- day EMA on the December 13th reversal date. The market surged off support and traded above the prior swing high as it formed a wide range momentum bar. However, the market stalled and has been trading sideways to lower over the past three days. Is… read more
Swing Trading Strategy – Lean Hogs poised for a fall. [chart]
Hogs rallied into the 60% sell zone on the December 13, 2010 reversal date. The market opened lower the following day and continues lower on Wednesday. The cycle remains bearish and the price action suggests Hogs are poised to break out of the reaction swing and decline into the December 22nd reversal date with a… read more