By the Taylor Trading technique, silver futures were on the Sell Short day of the TT cycle. Normally we would watch the previous day high as our “reference price” for a trade trigger; today we used a different setup to get short. In last night’s Swing Trader’s Insight, silver was labeled as a TT Sell… Read more.
Swing Trader's Insight
Stock index futures and the Treasury Bonds all had breakout setups for today. Bonds also had a Taylor Trading (TT) Buy day setup so the combination of patterns told us to anticipate a good sized rally if it could get started. In the morning comments for Swing Trader’s Insight, my comment for the September T… Read more.
Late this morning I sent out a trade recommendation to buy the EMini SP futures. Today was the Buy Day in the Taylor Trading Technique (TTT) cycle and a morning selloff gave us an opportunity to trade this setup. For the EMini SP, the Wednesday low of 2980.50 was the reference price. It spent much… Read more.
In this morning’s comments for Swing Trader’s Insight I pointed out that the T Bond futures had a breakout setup. It broke out to the upside and made a steady rally over the session, giving a good slow motion (for a breakout move) trade. The pattern for today’s breakout signal wasn’t a traditional range contraction… Read more.
In this morning’s update of Swing Trader’s Insight, I highlighted several markets with breakout setups for today. The breakout setups were largely a result of consolidation and limited market participation ahead of the scheduled speech by Fed Chair Powell at Noon CT. The timing of the speech gave two distinct periods to take breakout trade… Read more.
The crude oil futures had a breakout setup for today after two narrow range, directionless sessions. This breakout setup told us to look for a directional move today, which resulted in a down trending market from mid morning on. When a market has a breakout setup, we look for an initial move beyond nearby support… Read more.
The Canadian Dollar futures had a breakout for Friday. This signal yielded a slow moving trending move that rewarded patience with holding onto the trade. In last night’s edition of Swing Trader’s Insight I labeled the Canadian Dollar as a breakout trade candidate for today. Thursday was an inside day and showed significant range contraction… Read more.
On Monday I wrote about a Taylor Trading Buy day in soybeans (read that HERE). Soybeans consolidated on Tuesday (in spite of a USDA report); it was an inside day and an NR4. These patterns told us to look for a breakout, directional move for Wednesday. When a market has a breakout setup, we look… Read more.
In today’s edition of Swing Trader’s Insight, I labeled the soybeans as being on a Taylor Trading Buy day. It traded lower last night; this added to my confidence in the signal because the Monday day session for the grain markets often reverse the move of Sunday nights. Friday was a down day for the… Read more.
In this morning’s comments for Swing Trader’s Insight, one of my comments was to sell the July Wheat futures if they fell back below the Tuesday high. A sharp morning selloff gave a good trade opportunity. Following a bullish USDA report yesterday afternoon, the grain markets traded sharply higher last night. For the July Wheat… Read more.