Gold completed the long-term bearish reaction cycle when it reached the downside target objecitve of $1156.90 on the July 28 reversal date. This date had been projected 7 days earlier, after Gold had completed the TC (trend continuation) pattern with a lower close on July 16. Using the newly confirmed TC pattern, a reverse/forward count was done with… read more
Tag Archives: chart patterns
Swing Trading Strategy – Wheat hits target objective on predicted Reversal date. What’s next? [chart]
On June 29, September Wheat traded lower and closed at $4.57. This close was inside the 60% buy window that had began at $4.58 1/2. The following day, Wheat opened steady before surging higher and closing above the previous three closes. This higher close confirmed the June 29 low as the (D) pivot low. At the same time,… read more
Reversal Dates for the week of August 2 – August 6.
Monday – Hogs, Wheat, Soybeans, British pound, Coffee Tuesday – Canadian dollar, Sugar Wednesday – RBOB gas, Gold, Treasury bonds Thursday – Crude oil Friday – Natural gas, Heating oil… read more
Swing Trading Strategies – Long Coffee signal reaches target objective! A follow up to the July 23rd blog! [chart]
In the July 23, 2010 issue of the TMV Swing Trading Report, I made a recommendation to buy Coffee at 162.05. (See the July 23 post in this blog) The buy signal was triggered following the completion of a five-wave continuation pattern and ended on the July 21…a projected reversal date. The buy signal was triggered on… read more
Swing Trading Strategies – Action-Reaction makes accurate Gold projections, here is how! [chart]
As the August Gold futures contract trades at a new twelve week low and tests the reaction line target objective (currently at $1155.90) on a projected reversal date, I think it would be a good time to look back and see how this reversal date and target objective were determined, several days in advance. To begin, I will go… read more
Reversal dates for the week of July 26 – July 30
Monday – Crude oil, RBOB gas, British pound, Cocoa Tuesday – Hogs, Soybeans Wednesday – Crude oil, Gold, S&P, Coffee Thursday – Heating oil, Eurocurrency Friday – Corn, Heating oil, Dow Jones… read more
Swing Trading Strategies – What can you learn from looking at past price action? [chart]
Looking into the past can provide a wealth of information when trying to find future support and resistance levels. Past high or low price pivot points should not be ignored and can be critical when trying to identify or project futures price swings and trend reversals. The later came into play recently in the Dollar Index. The Dollar index had… read more
Reversal Dates for the week of July 19 – July 23
Monday – Soybeans, Bean oil, S&P Tuesday – Corn, Silver, Dow Jones, Canadian dollar Wednesday – Treasury Bonds, Eurocurrency, British pound Thursday – Wheat, Crude oil, Natural gas, Gold, Cotton Friday – Eurocurrency… read more
Swing Trading Strategy – New reaction swing projects higher target objective for Wheat! What’s the new price? [chart]
September Wheat could continue to trade higher until it reaches the newly projected reaction line. The market had reached the previous reaction at $5.66 during Wednesday( July 14) trading session, before backing off and closing at $5.59. This time and price objective where determined from the TR pattern. (See blog entry from July 12). However,… read more
Swing trading strategy – August Natural gas surges higher on projected reversal date! How was it done?. [chart]
Natural gas surged over a $3,000 higher, after posting a bottom at 4.288 on the projected reversal date! The TMVSwing Trading Report had been short August Natrual gas from 4.550 ( recommended in July 8th issue). The target objective was 4.250 with a projected reversal date due on July 15th. I was looking for the N-gas to trade lower into the… read more