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… read more
Tag Archives: Action/Reaction
Long Cocoa swing trade reaches target objecitve on R-swing date! [chart]
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 the buy signal was triggered the RT Swing Trader identified April 26th as the projected reversal swing date and placed the reaction target objective… read more
Reversal Swing Dates for the week of April 26 – 30
Monday – Cocoa Tuesday – Hogs, Bean oil, Dow Jones, Canadian dollar, Eurocurrency, Japanese yen Wednesday – Cattle, Soy meal, RBOB gas, Heating oil Thursday – Cocoa Friday – Bean oil, Crude oil, Coffee… read more
Swing trade sell opportunity in July Silver. [chart]
July Silver traded to a high of 18.20 and just breached the 60% sell window before turning sharply lower. This price action is forming a potential TR sell pattern. The market needs a trade below Wednesday’s daily low (17.455) to confirm the reaction swing and the final segment of the TR pattern sequence. If the… read more
Gold turns turns higher on projected reversal date! [chart]
Gold traded up to the ascending median line on April 12. From this high, Gold entered into a sharp decline and reached a low of $1124.00 on the projected reversal date of April 19. This is where Gold found support at the lower parallel line and 20- day SMA and closed at $1133.90, confirming the reversal… read more
Is the corrective rally over for the Japanese yen. [chart]
The current corrective rally posted two closes above the 20- day SMA and breached the down-sloping parallel line before failing and turing lower. This is a “double cross” pattern and portends the beginning of a new downward swing for the yen. The pattern also matches the criteria for a continuation pattern that could mark the… read more
Possible swing trade setting up in the June Eurocurrency. [chart]
June Eurocurrency has pulled back to downward sloping trend line support. This also puts the market inside the 60% buy window. If support holds the market should move up to test 1.3692 high posted on April 12.… read more
Silver falters at median line and triggers major sell signal. [chart]
Silver has been flirting with the two up-sloping median line over the past several days. The market closed beyond the long-term median line, but was lost momentum and could not push above the short-term median line and began to move away from the median line as it approached Monday’s reversal swing date. The market failed after… read more
Reversal Swing date for the week of April 19 – 23
Monday – Cattle, Silver, Gold, British pound, Australian dollar Tuesday – Soy meal, RBOB gas, Heating oil, T-Notes, Dollar index, Canadian dollar Wednesday – Wheat, Crude oil, T-Bonds Thursday – S&P Friday – Coffee… read more
“Double cross’ pattern triggers new swing trading opportunity in Silver. [chart]
Silver crossed above the up-sloping median (center) line and closed beyond the line on Friday and Monday. However, heavy profit-taking pressured the market on Tuesday, causing the Silver t0 dip below the line. The sell-off ended quickly and Silver surged above the line for a second time during Wednesday’s trading session forming a “double cross”… read more