Currencies are all trading under pressure from a higher dollar. The dollar is trading higher, after breaking out of a bullish reaction swing chart pattern that portends a continuation of this price advance into the May 26th reversal date. The British pound, Canadian dollar, and the Australian dollar remain bearish due to negative price action… read more
Tag Archives: Reversal dates
Swing Trading strategies – July Wheat sets up for new price move. – swing trade signals, price action, action reaction, reversal dates
July Wheat competed a downward trending 5-wave continuation pattern between the April 25, 2011 and May 12, 2o11 reversal dates, with a pivot low at $7.23. The market tested the lower parallel line support on the May 12th reversal date and turned higher. The pivot low was followed by a strong two and half day… read more
Trade Alert! – Short July Cocoa breaks support. – swing trading strategies, swing trade signals, action reaction, reversal dates, market timing.
TMV Swing Trade report – Short July Cocoa @ 3012 – current price @ 2901 – Patience finally paid off as the Cocoa breaks support and quickly falls over 70 points during Friday’s session. So where to now? The next reversal date is due on May 27th and the reaction line intersects with the descending… read more
Market Alert! – June Eurocurrency turns lower by short-term reversal bar. [chart] swing trading strategies, swing trading signals, action reaction., market timing
TMV Swing Trade report – Long June Eurocurrency @ 1.4239 – The euro traded above the prior high at 1.4337, (basis the 60-minute chart) as it reached a projected reversal bar. The reversal bar turned the market lower and peg-leg pattern. Time to exit the long position at the market.… read more
Trade Alert! – Short Canadian dollar hits Target! – Swing trading strategies, swing trade signals, action reaction, price action, market timing
TMV Swing Trade Report – Short June Canadian dollar @ 1.0301 – Current price @ 1.0241. The Canadian dollar has reached the initial target objective. I recommend exiting the short position at the market> I will wait for a rebound to see if it offers a another selling opportunity.… read more
Trade Alert! – July Sugar setting up for price advance! – swing trading strategies, swing trade signals, price action, action reaction, market timing. [chart]
July Sugar is forming a bullish complex reaction swing, with a peg-leg pattern, on the 60-minute chart. A trade above 22.05 is needed to confirm the new pattern. If confirmed, the price pattern portends quick price advance toward 23.50.… read more
Market Alert – Bottoming action setting up buying opportunity in Eurocurrency! – Swing trading strategy, price action, reversal dates, swing trade signals, action reaction.
June Eurocurrency – The daily charts shows the market has tested and rallied off the lower parallel line and could be setting up for a new bullish swing trading opportunity. The parallel line represents a long-term support and could prove to be significant over the next few weeks. Adding to the potential bullish price action,… read more
Reversal date summary for Monday, May 16, 2011 – Swing Trading strategies, Swing Trading signals
July Sugar -The recent counter-trend rally in Sugar looks hit stiff resistance at the 20- day EMA on Friday’s projected reversal date. The market closed well off the high, leaving a bearish tail. This price action is forming a bearish reaction swing and a new swing trading opportunity. Check the TMV Swing Trade report for… read more
Trade Alert! Sugar turns lower on projected reversal date! – swing trading strategies, swing trade signals, action reaction, price action, market timing, [chart]
July Sugar traded higher, into the May 13, 2011 reversal date, and failed at the 20-day EMA. The price action portends a resumption of the downward trend. This is a selling opportunity with a stop loss above today’s high.… read more
Market Alert! Swing Trading strategy for the June S&P! Swing trading signals, action reaction, median lines, futures trading [chart]
The June E-mini S&P has formed a bullish reaction swing while trading on both sides of the upward trending median line. A confirmation of the reaction swing portends a new price advance toward the upper parallel line. The market needs to trade above 1352.50 to confirm the pattern. … read more