After completing a bullish reaction cycle on the August 8th reversal date, September Eurocurrency has been in a downward price swing. The euro has posted two consecutive higher closes following several closes below the 20- day EMA. The corrective rally appears to be a bearish reaction swing and could be forming a new sell pattern. A trade below the August… read more
Tag Archives: tmv
Swing Trading Strategies – Can Time and Price target objectives be projected in advance? By John Crane [chart]
On August 3rd, August Hogs traded at a new three month high, reaching 87.57, before reversing and closing as an “outside day” price bar with a negative close. The next day, the market collapsed and closed limit-down. Could the time and price of this significant high have been predicted? To answer this question, lets take a look at the ‘action/reaction” time and… read more
Swing Trading Strategies – Does the Canadian dollar still have room to run? [chart]
The Canadian dollar finished Tuesday’s projected reversal/reaction day (projected by using the reverse count form July 9 back to the low on June 24, with the forward count beginning on July 20.) with an “inside day” price bar. An “inside day”, on a reversal/reaction day, is considered a continuation pattern. Wednesday’s price action is also… read more
Swing Trade Strategies – After completing the bearish reaction cycle, what is next for the Gold? [chart]
Gold completed the long-term bearish reaction cycle when it reached the downside target objecitve of $1156.90 on the July 28 reversal date. This date had been projected 7 days earlier, after Gold had completed the TC (trend continuation) pattern with a lower close on July 16. Using the newly confirmed TC pattern, a reverse/forward count was done with… read more
Swing Trading Strategies – Long Coffee signal reaches target objective! A follow up to the July 23rd blog! [chart]
In the July 23, 2010 issue of the TMV Swing Trading Report, I made a recommendation to buy Coffee at 162.05. (See the July 23 post in this blog) The buy signal was triggered following the completion of a five-wave continuation pattern and ended on the July 21…a projected reversal date. The buy signal was triggered on… read more
Swing trading strategy – August Natural gas surges higher on projected reversal date! How was it done?. [chart]
Natural gas surged over a $3,000 higher, after posting a bottom at 4.288 on the projected reversal date! The TMVSwing Trading Report had been short August Natrual gas from 4.550 ( recommended in July 8th issue). The target objective was 4.250 with a projected reversal date due on July 15th. I was looking for the N-gas to trade lower into the… read more
Swing Trading Strategies – Dow Jones reverses on projected Reversal dates. [chart]
If you were reading the TMV Swing Trade report last week, you know that I said the the Dow Jones futures should trade lower into a cluster of reversal dates due on Thursday (July 1) and Friday (July 2). The Dow Jones futures reached the downside target objective during Thursday’s session and closed on the up-sloping reaction line support. I also… read more
Swing Trading Strategies – Reaction swing triggered sell for gold before the plunge! [chart]
August Gold – The TMV Swing Trade Report is currently hold the short position in the August Gold from $1247.00. Gold finally gave it up on July 1st and finally confrimed the bearish reaction swing I have been talking about in the newsletter for the past afew days. The market had been trading in a sideway consolidation pattern since… read more
Swing Trading Strategies – R swing triggers buy for British pound – where will it go? [chart]
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
Swing Trade Strategies – Using “Market Timing Intelligence”. by John Crane
The recent price action in the July Natural gas offers a good example of the “action-reaction” trading methodology is action. Knowing probable levels of future support and resistance levels has always been a goal of both swing traders and day traders alike. The advance knowledge can give you an edge when looking to lower your… read more