Tag Archives: Forex trading

Swing Trading Strategies – R-Swing date picked high in U.S Dollar

During last Thursday’s trading session the business channels were full experts expressing shock as the market plunged. They acted surprised that the market could be trading lower in the mist of such a strong and prolonged upward trend. But, was it really a surprise and were there warning signs that preceded the unprecedented price collapse? I think… read more

Swing Trading Strategies – Reversal date pinpoints Swiss franc reversal. [chart]

The reverse-forward count, from the TR swing pattern (March 17 – April 4), was used to project a future reversal swing date on May 6th. The “action-reaction” line also forecast a price target objective at the intersection of the down-sloping median line and the up-sloping reaction line (8920). The Swiss franc  breached the target objective on the predicted date and… read more

Japanese yen forms new reaction swing and sets stage for new price decline. [chart]

Tuesday’s one-day rally stopped short by the 20- day SMA and the down-sloping reaction line. The yen reversed at the two levles of resistance  and resumed the dominate downward trend. This should set the stage for the next swing lower into the May 6th reversal swing date.… read more

Canadian dollar trades at parity with the U.S Dollar! [chart]

The Canada dollar has traded equal to the U.S. dollar for the first time since July 2008.  The Canadian dollar, also nicknamed the loonie for the aquatic bird on the C$1 coin, is being supported by the rising price of crude oil and the prospect of higher interest rates. The last time the Canadian dollar traded at par with the U.S… read more

Short Yen swing trade has reached the median line target objective.[chart]

The sell recommendation made in the March 24, issue of the Traders Market Views was triggered at 1.1019 in the overnight session. The market has contnued to trade lower under heavy pressure and has reached the descending median line target objective at 1.0879.  This is the initial target objective and typically offers support after a… read more

Swing trading opportunity setting up for Swiss franc [chart]

June Swiss franc – The Swiss franc is beginning to exhibit a show of strength on speculation that the central bank will begin relaxing a year-old policy of selling the currency to curb its strength. The market has formed a bullish reaction swing with a retest of the 20-day SMA on Monday. This is a… read more

Using “Action/Reaction” to project future turning points a price target objectives. [video]

This video shows how to use the median line as a momentum indicator and the reaction line as a target objective in a two different market situations. http://www.youtube.com/Tradersnetworkinc#p/a/u/0/J0xK_GMB8EI… read more

British pound completes bearish cycle, due for rebound. [chart]

Based on the 12/29 – 1/19 A-B-C continuation pattern, the Brithis pound has completed the reaction cycle and is due for a corrective rebound or begin a consolidation period. The pound reached the lower reaction line target objective, one day before the final reversal date (projected for March 2, by the reverse/forward count). The lower parallel line… read more

Dollar turns lower after hitting reaction line on reversal date!

The Dollar index began to show weakness when it moved away from the ascending median line. However, it was not until the Dollar reached the sloping reaction line target objective on the February 23rd reversal date that the bullish cycle was complete. A retest of the reaction line on Wednesday failed and the market turned lower.… read more