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: Forex
Swing trading strategies – Dollar Index at critical juncture! [chart]
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 – Euro rally stalled at median line. What’s next for the euro? [chart]
The June eurocurrency bottomed at 1.2163, a confluence of support where the down-sloping line parallel line intersected with the up-sloping reaction line. The market reversed on the May 18 reversal date and rallied over 450 points in the following three sessions. The three-day rally stalled at 1.2674, when it tested the newly established up-sloping median line on Friday, May 21, 2010 and… read more
Swing trading strategies – What does “action-reaction” tell us about the next move in the Eurocurrency? [chart]
The June Eurocurrency posted pivot highs of the April 15 and May 3rd reversal swing dates. Both dates marked the end of the corrective bounce and triggered a bearish reversal, followed by a lower market. The euro also posted a 570 point rally, during the two session following the May 6th reversal date. Since then,… 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
Swing trading strategies – Trading in Volatile markets – Part one [video]
During the first week of May,2010, several markets experienced extreme volatility. During extreme volatility, many trading programs and strategies break down because of sudden reversals and lareg price moves. In the two videos titled, ” Trading in Volatile Markets” I walk through several markets using the “Action-Reaction” theory and the Reversal dates to show you how this… read more
Swing trading strategies – Trading in volatile markets – Part two [video]
During the first week of May,2010, several markets experienced extreme volatility. During extreme volatility, many trading programs and strategies break down because of sudden reversals and lareg price moves. In the two videos titled, ” Trading in Volatile Markets” I walk through several markets using the “Action-Reaction” theory and the Reversal dates to show you how this… read more
Swing trading – currency trading – Major reversal in Canadian dollar projected in advance. [chart]
The Canadian dollar formed a bearish TR swing pattern after posting a major high on the April 22nd reversal date and turned lower in front of the May 6th meltdown and subsequent drop to 9293. The “loonie” rebounded from the low and traded higher into the May 12th reversal swing date, closed inside the 60% sell… read more
Swing Trading Strategies – R-Swing date picked high in U.S Dollar
During last Thursday’s trading session the business channels were full experts expressing shock as the market plunged. They acted surprised that the market could be trading lower in the mist of such a strong and prolonged upward trend. But, was it really a surprise and were there warning signs that preceded the unprecedented price collapse? I think… read more