Tag Archives: price action

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 signals – How will the Soybeans react after reaching target objective on predicted reversal swing date? [chart]

Twenty days after posting a high near the April 21st reversal date, July Soybeans reached the up-sloping reaction target line. The daily low of $9.31 tested the reaction line before finding support and rebounding to unchanged. This completes the five-wave cycle as the Soybeans reach the target objective–projected two weeks in advance–on the projected reversal date. While the… 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 – Euro reaches target line on projected R-swing date. [chart]

June Eurocurrency – After plunging over 220 during Tuesday’s session, the euro opened lower on Wednesday’s reversal date before turning higher and posting a strong rally. The market had tested the reaction line support early in the session and it provided the springboard for the subsequent 200-point rally that was triggered by the reversal date.… 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 software – currencies – RT Swing Trader catches the big moves.

Looking for a trading software program to help you trade the volatile currency markets? You may want to consider the RT Swing Trader. The program signals are pattern based so that it uses the markets own price action to identify “sweet spots” where the markets are building energy inside a trend that precede explosive market moves.… read more

Swing trading strategy – Gold – Using the TC pattern to project major turning point in Gold. [chart]

This chart offers a good example of a TC pattern (Trend Continuation) in the June Gold. After touched the ascending median line on April 12th, Gold began a corrective pull back into the April 19th reversal date and posted a low at $1124.50, where Gold found support from the up-sloping lower parallel line and the 20- day SMA.  The… read more