March Silver – The January 3rd reversal date triggered a significant reversal after March Silver futures posted a new multi-year high on Monday, January 3, 2011. Tuesday’s session began with a lower gap opening and the market continued to fall under heavy selling pressure, dropping $1.80 before making a slight rebound into the close. This… read more
Tag Archives: swing trading strategies
Swing Trading Strategies – Projected Reversal Date Identifies Major Top in Crude oil! [chart]
February Crude oil –Monday’s new high was preceded by a three-day corrective pullback that had formed a potentially bullish reaction swing. Crude traded above the prior swing high (91.88 posted on December 27, 2010) but failed to close beyond the 91.88 high. Instead, the market pulled back inside the swing pattern and closed near the… read more
Swing Trading Strategies – Coffee reaches target objective on predicted reversal date. [chart]
March Coffee closed at the intersection of the ascending median line and the descending reaction line (235.15) on the December 29, 2010 reversal date. This price action has completed the “action/reaction” cycle on the reversal date, projected several days earlier. The ‘trail day”–the day following a reversal date–can be a very good directional indicator, depending… read more
Swing Trading Strategies – “Action/Reaction” setting up potential sell pattern in N-gas. [chart]
February Natural gas has been trading higher, after bouncing off the descending median line. The eight-day rally advanced Natural gas into the December 28th reversal date, setting up a potential bearish reaction swing. However, the December 28th reversal date failed to trade above the prior high–needed to set up the sell pattern. The following day–Thursday, December 29th–did… read more
Swing Trading Strategies – How to use the Median line for a low-risk entry. [chart]
One on the most useful median line trading principles comes into play after the market trades through and closes beyond the median line. This is an indication of strength and it also identifies a low-risk entry point to allow traders to get on broad, if they missed the initial price move, or wish to add to existing… read more
Reversal dates for the week of December 27 through December 31
Monday – Soybeans, Dow Jones, Eurocurrency, Japanese yen Tuesday – Corn, Dollar Index, Cocoa Wednesday – Natural gas, Coffee Thursday – Hogs, Soy meal, Bean oil, S&P Friday – British pound… read more
Swing Trading Strategies – Tax Incentives aid bullish reaction cycle in Crude oil. When will it end? [chart]
Crude oil futures remain above the ascending median line support and continue to climb into the January 4th reversal date. The market has been following the bullish cycle in textbook fashion, after breaking out of the latest reaction swing pattern, formed between December 6, 2010 and December 10. 2010 reversal dates. The upward trend is… read more
TMV Swing Trading report – Update on Long February Hogs position. (chart)
TMV Swing Trading report – Long February Hogs @ 75.75 – Higher than expected cash prices due to high demand triggered a strong rally in February Hogs. The price surge stalled after the price advanced above the prior swing high and reached the ascending median line. It is time to exit the long Hogs position… read more
Swing Trading Strategy – March Coffee reaches reaction line target objective! What’s next? [chart]
In last night’s issue of the TMV Swing Trading report I wrote, ” – One of Dr. Alan Andrew’s (the Andrew’s Pitchfork is named after him) trading principles states that the market should reach the latest median line 80% of the time. The current chart of March Coffee offers a very good example of this… read more
Swing Trading Strategy – The Median line and the 80% rule. [chart]
One of Dr Alan Andrew’s trading principles ( the Andrew’s Pitchfork is named after him) states that the market should reach the median line 80% of the time. The current chart of March Coffee offers a very good example of this Andrew’s trading principle in action. In the last issue of the TMV Swing Trading… read more