In the last issue of the TMV Swing Trade Report, I talked about the recent British pound price action and the possible bullish pattern forming over the past few days. The market had traded to a high of 1.5130, just missing my initial 1.5155 target objective identified by the reaction line. The market ended up backing… read more
Tag Archives: Swing trade signals
Swing trade signals – Bullish patterns in Cattle and Sugar. [chart] John Crane
There are a couple of potential swing trade signals showing up on the charts. The first one to look at is in the August Cattle. The market has formed a bullish TR swing pattern after completing an A-B bottom formation on June 11th. The market rallied off this low and reached the 20-day EMA where it formed… read more
Swing trading strategies – How ‘action/reaction” triggered early buy signal before Coffee surge! [chart]
A possible shortage of certified Coffee stocks, for July delivery, provide the springboard for 1.40o point price surge during the past two session…with over 1000 points of that rally during Friday’s session. This price action provided a great trading opportunity for traders following the Traders Market Views Swing Trading Report. A buy signal was triggered on June 8th with the… read more
Swing Trade signals – Dow Jones – failed swing pattern portends trend change. [chart]
June Dow Jones futures traded below the prior swing low on June 8th. The market was trading out of a three -wave continuation pattern and the new low suggested a continuation of the downward trend. However, the market stalled and began to erase all the daily losses and finally closed above the previous low close and at the… read more
Swing Trading Strategies – How to indentify a market ready to make a major price move. [chart]
August Gold – Gold offers another great example of the “energy coil” in action. A short-term reaction swing had formed between May 31st and June 3rd when Gold posted two consecutive lower closes and tested the lower up-sloping parallel line and 20–day EMA support. The reaction swing occurred inside the longer-term reaction seven-day reaction swing… read more
Swing Trading Strategies intra-day using “action-reaction” by John Crane. [chart]
Most of my posts are about swing trading strategies using daily charts. Therefore, I am often asked if the “action-reaction” method can also be used when daytrading. Yes, it can. This 3-minute chart, of the June Eurocurrency, offers a great example of “action-reaction” at work intra-day. Between 7:48 a.m. and 7:54 a.m. (MST) on the… read more
Swing trade strategy – How the R-swing date worked in the Australian dollar. [chart]
June Australian dollar – The Aussie is experiencing a sharp price decline, falling over 580 points in the past four trading sessions. However, the price decline may be coming to an end as the market reached the reaction line target objective (8331) on the projected reversal swing date (May 19th). I look for the Aussie… read more