March British pound traded sharply higher overnight after it was reported that inflation in January doubled Bank of England’s target. UK CPI jumped to 4.0% yoy in January, doubling Bank of England’s target of 2%. Bank of England’s Governor King noted the surge in inflation and reiterated that it’s temporary, due to tax hike and… read more
Tag Archives: Action/Reaction
Swing Trading Strategy – Peg-leg pattern triggers both sell signal and then buy signal is Silver. [chart]
In the last issue of the TMV Swing Trading Report I said, “The market has traded higher over the past 10 days. However, looking inside of today’s price bar I see a potential peg-leg failure that should trigger a two or three-day decline. This could prove to be a nice swing trade opportunity. Sell Silver… read more
Swing Trading Strategies – Natural gas drops through trigger price to confirm sell signal, what’s next? [chart]
TMV Swing Trading Report – Short March Natural gas – The bearish reaction was confirmed early in today’s session when N-gas traded thorough the 4.250 trigger price. The market quickly traded through the downward sloping median line and is currently trading below the line. For updated information on this trade, or to see new swing… read more
Swing Trading Strategies – Long British Pound nears target objective! [chart]
TMV Swing Trading Report – Long March British pound @ 1.6047 – The market rallied over night and reached a high of 1.6274, just missing the target objective of 1.6280, before pulling back to 1.6190. The pound may try to retest the high and reach the target objective, but it has completed the short-term cycle,… read more
Swing Trading Strategies – Reaction swing triggered buy in British pound. [chart]
In the last issue of the TMV Swing Trading Report I said. “British pound has posted double bottom formations on consecutive reversal dates (January 25th and February 1st). The price action has formed a bullish reaction swing and appears poised for an upward price swing into the ascending median line. “ Overnight, the pound traded… read more
Swing Trading Strategies – March Wheat is approaching next reversal date and target objective. [chart]
TMV Swing Trade report – Long March Wheat @ $8.10. March Wheat continues to climb towards the projected target objective of $8.65. The long position was triggered after March Wheat traded lower and found support at the 20-day EMA of the January 2oth reversal date. Two days later, Wheat traded through the ascending median line… read more
Swing Trading Strategies – Cattle post major reversal on projected reversal date. [chart]
February Cattle surged to a new all-time high on the January 18th projected reversal date, but failed to hold the earlier gains and closed near the low of the daily session. The long tail, on the reversal dated price bar, warns of a swing pattern failure. A conformation on the swing pattern failure could signal a major top… read more
Swing Trading Strategies – New Low, On Projected Reversal Date, Sets Up Bullish Reversal. [chart]
March Dollar index traded to a new low of 78.97, on the January 14th reversal date. The new low was below the prior low of 79.02, posted on December 21, 2010. Soon after the market reached the new low, the market turned higher, rejecting the low, and began to climb. This is bullish price action… read more
Swing Trading Strategies – What did “action-reaction” tells us about today’s reversal in Lean Hogs? [chart]
In last night’s issue of the TMV Swing Trading Report I wrote about the confluence of resistance displayed on the February Lean Hogs chart. Prices had advanced slightly through the short-term ascending median line and were poised to test the long-term median line, as well as testing the prior major swing high of 81.37, posted… read more
Swing Trading Strategies – “Action-Reaction” pattern signals buy for Japanese yen. [chart]
March Japanese yen tested support and reversed inside the buy zone. The yen rallied off the lower parallel action line with very good separation from the low. This is a bullish swing trade setup and suggests the corrective pullback has ended and could be forming a bullish reaction swing. A trade above 1.2080 would confirm… read more