Tag Archives: Swing Trading

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

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

Silver crosses the median line. What’s next? [chart]

Silver crossed the major ascending median line with good separation. Silver had tested the median three times in the past five days, but pulled back each time. A close above the line–with good separation–is a bullish indicator and portends a continuation of the updward trend. The next target objective is $18.85. However, the major reaction… read more

Heating oil confirms TR sell pattern with new time and price objectives. [chart]

May Heating oil tested the decending upper parallel line and the 20-day SMA early in the daily session. The resistance held and turned the market lower, where it traded below the prior day’s low, triggering the sell signal (posted in the latest issue of the Traders Market Views Swing Trade Report) and confirming the majar… read more

Is Silver poised for another fall? [chart]

Silver has completed a 5-wave continution pattern that may mark the center of the longer-term downward cycle. The market is currently forming a bearish TR swing pattern and has retested the downward sloping parallel line as well as the 20- day SMA. A confirmation of the pattern will trigger the next downward slide to the… read more

Possible bullish TR swing pattern forming in Soybeans [chart]

Soybeans touched the ascending median line objective on March 22. The market stopped at the median line and posted two consecutive lower closes as it pulled back to the 20-day SMA. This is a possible bullish TR pattern forming inside the prior market swing. A trade above $9.76 1/2 would confirm the pattern and trigger… read more

Initial Jobless Claims [3/25/2010]

According to Reuters: Initial claims for state unemployment benefits fell 14,000 to a seasonally adjusted 442,000 in the week ended March 20, the Labor Department said. The report included annual revisions to the weekly unemployment claims seasonal factors going back to 2005. * Using the old seasonal factors, claims would have dropped only to 453,000,… 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