TMV Swing Trade Report – Short May Cocoa @ 3623 – Cocoa completed the bullish reaction cycle when the market posted two consecutive reversal dates in a span of five days. Further more, the market formed a bearish peg-leg formation between the two downward sloping reaction lines. Based off the reversal dates and price action… read more
Tag Archives: swing trading strategies
Reversal dates for the week of February 28 – March 4.
Monday – Cattle, Wheat, Cocoa Tuesday – Heating oil, Silver Wednesday – Sugar Thursday – Hogs, Bean oil, Treasury bonds, Japanese yen Friday – S&P For more information about “action-reaction” reversal dates go to www.tradersnetwork.com and sign up for a free 30-day trial subscription to the Traders Market Views Swing Trading Report.… read more
Swing Trading Strategies – Short Soybean oil hits target objective! [chart]
TMV Swing Trade report – Short March Soybean oil @ 56.35 – Hit the target! Bean oil traded to a low of 53.31, to close the short position at the 53.35 target objective. From this juncture, I look for Bean oil to bounce off the lower parallel support line and begin to form a new… read more
Swing Trading Strategies – Silver pulls back after reaching upper parallel line resistance. [chart]
March Silver surged to a high of $34.33 overnight and reached the upper parallel line. The market also pasted through the descending reaction line during the advance. These two lines represent target objectives as well as a confluence of resistance. As I write this, Silver is trading at $32.90–$1.43 cents off the high.… read more
Swing Trading Strategy – Looking inside the price bar to sell March Wheat. [chart]
Had a question today, about my early entry signal to sell March Wheat. In yesterday’s issue of the TMV Swing Trading Report I recommended selling the March Wheat at $8.67 instead of waiting for a trade below the prior pivot low of $8.55 1/2 . Wheat had posted a low on the February 11th reversal… read more
Swing Trading Strategy – Peg-leg pattern triggers both sell signal and then buy signal is Silver. [chart]
In the last issue of the TMV Swing Trading Report I said, “The market has traded higher over the past 10 days. However, looking inside of today’s price bar I see a potential peg-leg failure that should trigger a two or three-day decline. This could prove to be a nice swing trade opportunity. Sell Silver… read more
Swing Trading Strategies – Dow Jones hits new high on projected reversal date. [chart]
The Dow Jones futures traded to a new high (12218) before failing and dropping below the low of the prior pivot low. This price action has formed a possible peg-leg topping pattern. It is also important to not that the new high and possible failure, occurred on a projected reversal date I will have more… read more
Swing Trading Strategies – British pound could have one more push higher to end the cycle. [chart]
March British Pound – The two reversal dates—January 25 and January 31—provided support for the quick rally into the ascending median line target objective. The pound tested the median line, as well as the prior swing high at 1.6229, posted on November 4, 2010) before turning lower and trading lower into the minor reversal date… read more
Swing Trading Strategies – Natural gas drops through trigger price to confirm sell signal, what’s next? [chart]
TMV Swing Trading Report – Short March Natural gas – The bearish reaction was confirmed early in today’s session when N-gas traded thorough the 4.250 trigger price. The market quickly traded through the downward sloping median line and is currently trading below the line. For updated information on this trade, or to see new swing… read more
Swing Trading Strategies – Long British Pound nears target objective! [chart]
TMV Swing Trading Report – Long March British pound @ 1.6047 – The market rallied over night and reached a high of 1.6274, just missing the target objective of 1.6280, before pulling back to 1.6190. The pound may try to retest the high and reach the target objective, but it has completed the short-term cycle,… read more