One on the most useful median line trading principles comes into play after the market trades through and closes beyond the median line. This is an indication of strength and it also identifies a low-risk entry point to allow traders to get on broad, if they missed the initial price move, or wish to add to existing… read more
Tag Archives: swing trading strategy
Swing Trading Strategies – Tax Incentives aid bullish reaction cycle in Crude oil. When will it end? [chart]
Crude oil futures remain above the ascending median line support and continue to climb into the January 4th reversal date. The market has been following the bullish cycle in textbook fashion, after breaking out of the latest reaction swing pattern, formed between December 6, 2010 and December 10. 2010 reversal dates. The upward trend is… read more
TMV Swing Trading report – Update on Long February Hogs position. (chart)
TMV Swing Trading report – Long February Hogs @ 75.75 – Higher than expected cash prices due to high demand triggered a strong rally in February Hogs. The price surge stalled after the price advanced above the prior swing high and reached the ascending median line. It is time to exit the long Hogs position… read more
Swing Trading Strategy – The Median line and the 80% rule. [chart]
One of Dr Alan Andrew’s trading principles ( the Andrew’s Pitchfork is named after him) states that the market should reach the median line 80% of the time. The current chart of March Coffee offers a very good example of this Andrew’s trading principle in action. In the last issue of the TMV Swing Trading… read more
Swing Trading Strategy – Bullish reaction swing confirmed for the Dollar! [chart]
Friday’s outside day is an added confirmation of the bullish zig zag continuation pattern. The market price action portends a price advance into the December 28th reversal date with an initial target objective at 8300 to 8350. I will keep you updated on this swing trade recommendation in the TMV Swing Trading Report.… read more
Swing Trading Strategies – Coffee reaches target objective! What now? [chart]
TMV Swing Trading Report – Long March Coffee from 212.20. – Coffee surged out of the new reaction swing and reached the initial target objective of 224.25. The market had paused and formed a new reaction swing between December 13th and December 16, setting the stage for today’s sharp price advance. The longer-term target objective remains at upper… read more
Swing Trading Strategies by John Crane – This pattern failure could lead to major move in the Eurocurrency! [chart]
March Eurocurrency has formed a bearish A-B-C continuation pattern after posted a sing pattern failure on the December 14th reversal date. This type of pattern typically precedes a significant price move in the prevailing trend direction. The zig zag pattern can also identify the center of the longer-term cycle. If this is confirmed, the euro… read more
Swing Trading Strategy – What is the next move for Soybeans? [chart]
January Soybeans traded higher after testing support at the 20- day EMA on the December 13th reversal date. The market surged off support and traded above the prior swing high as it formed a wide range momentum bar. However, the market stalled and has been trading sideways to lower over the past three days. Is… read more
Swing Trading Strategies – Will there be a gap-n-go pattern in the Gold? [chart]
There are many negative signals developing in the Gold chart. The recent double top was followed by a three-day corrective bounce that reached the 60% sell window on a projected reversal date (December 14, 2010). Wednesday’s trading session opened with a gap lower and the market is currently trading below the prior day’s low. A… read more
Swing Trading Strategy – Swing pattern failure setting up strong buy signal for Japanese yen! [chart]
A double bottom formation appears to be setting up a buying opportunity for the March Japanese yen. The market traded below the prior swing low and dipped to 1.1186 before reversing and trading higher. The market was not able to find new sellers below the previous swing pattern and traded back into the consolidation. This… read more