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
Tag Archives: Futures Trading
Swing trading opportunity setting up for Swiss franc [chart]
June Swiss franc – The Swiss franc is beginning to exhibit a show of strength on speculation that the central bank will begin relaxing a year-old policy of selling the currency to curb its strength. The market has formed a bullish reaction swing with a retest of the 20-day SMA on Monday. This is a… read more
Livestock Calls
Chicago Mercantile Exchange live cattle futures were steady to higher early on Tuesday in electronic trading, rebounding from Monday’s sharp losses, on support from a higher beef market. Hog futures were mixed with a weak cash hog market weighing on April while strong technicals and lower-than-year ago pork stocks supporting deferred months.… read more
Update on 3/8 post about April Gold. [chart]
On March 8, I posted a blog about the potential buy signal in the April Gold. Recently, a reader asked about the signal and wanted to know if it is still valid. I thought this was a good topic for an updated post. The Gold confirmation buy signal was never confirmed. The market had formed… read more
Cattle approaching target objective during reversal timing. [chart]
Cattle have been in a bullish trend cycle since mid-December and are approaching the long-term reaction line target objective of 97.50, projected several weeks earlier.… read more
TR swing pattern portends price advance in British pound. [chart]
The long-term bearish reaction cycle ended on the March 2 reversal swing date at the projected target objective. Then the market moved into a sideways consolidation pattern and formed a bullish TR swing pattern. This pattern typically appears at major tops and bottoms and can precede a major trend shift. Currently the market is setting… read more
May Silver – TC pattern suggests continuation of upward trend. [chart]
May Silver has been in an upward trend since confirming the bullish TR pattern in February. The market reached a high of 17.55 before trading lower into the minor reversal swing date on March 9. The pullback stopped at support provided by the median line as well as the 20-day SMA and upward sloping parallel… read more
Reaction swing triggers sell for may Soybeans. [chart]
Wednesday’s rally was stopped by the 20- day SMA and the downward sloping parallel line. The market turned lower and broke below the $9.35 support to trigger a sell signal. This portends a drop to the descending median line and a test of the previous low of $9.11.… read more
May Silver, lower trade into 3/9 R-swing date sets up buying opportunity. [chart]
May Silver has ben in a strong upward trend since it confirmed the bullish TC pattern (formed between 2/19 and 2/23). The market paused for a couple of days and traded lower into the 3/9 reversal swing date. It didn’t take long before the reversal began to kick in and the Silver began to climb back toward unchanged. This should signal… read more
Using “Action/Reaction” to project future turning points a price target objectives. [video]
This video shows how to use the median line as a momentum indicator and the reaction line as a target objective in a two different market situations. http://www.youtube.com/Tradersnetworkinc#p/a/u/0/J0xK_GMB8EI… read more