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Forum for price action traders that want to learn WRB Analysis basic tutorial chapters 1, 2 and 3 prior to purchasing our advance trade methods. Hashtags: #wrbanalysis #wrbzone #wrbhiddengap #priceaction #trading
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 Post subject: January 18th Wednesday 2012 Emini TF ($TF_F) points +2.30
PostPosted: Thu Jan 19, 2012 10:28 pm 
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Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4335
Location: Canada
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Trade Results of M.A. Perry
Trader and Founder of WRB Analysis (wide range body/bar analysis)
Price Action Trading (no technical indicators)

Attachment:
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click on the above image to view today's performance verification

Trade Performance for Today: +2.30 points or $230 dollars in the Russell 2000 Emini TF ($TF_F) Futures.
Russell 2000 Emini TF Futures - 1 tick or 0.10 = $10.00 dollars and there's more contract information @ The ICE.
S&P 500 Emini ES Futures - 1 tick or 0.25 = $12.50 dollars and there's more contract information @ CMEGroup.

In addition, all trades were posted real-time in the free #FuturesTrades chat room. Today's #FuturesTrades trading chat room logs provides details (e.g. time, price, contract size) about each one of my trades from entry to exit along with price action commentary as the trade traversed...all archived @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=100&t=1117.

To join our free chat room...registration instructions located at a different forum @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=5&t=630

Also, posted below are direct links to information about my trade methodology and trading plan (there's a difference between the two) that enables me to identify key trading areas in the price action that represent changes in supply/demand and volatility along with being able to exploit these changes via WRB Analysis (wide range body/bar analysis).

Image WRB Analysis Tutorials @ http://www.thestrategylab.com/WRBAnalysisTutorials.htm and there's a free study guide of the WRB Analysis Tutorial Chapters 1, 2 and 3 @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=119&t=718.

Image Volatility Trading Report (VTR) @ http://www.thestrategylab.com/VolatilityTrading.htm and there's a free trade signal strategy @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=89 so that you can freely test drive one of our trade strategies with support prior to purchasing the Volatility Trading Report (VTR).

Image Trading Plan Daily Routine @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=148&t=1341

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Market Summaries

The below summaries by Bloomberg, CNNMoney and Yahoo! Finance helps me to do a quick review of the fundamentals, FED/ECB/IMF actions or any important global economic events that had an impact on today's price action. Simply, I'm a strong believer that many variables (key market events) causes key changes in supply/demand and volatility that results in swing points and strong continuation price actions. Thus, I pay attention to these key market events from one trade to the next trade to give me the market context for my technical analysis. Just as important, these summaries becomes my archives to allow me to understand what was happening on any given trading day in the past...something I can not get from my broker statements alone.

U.S. Stocks Gain as S&P Posts Best Start Since 1987

Jan. 18 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks rose, giving the Standard & Poor's 500 Index its best start to a year since 1987, after confidence among homebuilders topped forecasts, Goldman Sachs Group Inc. rallied and concern about Europe eased.

Stocks Boosted By Europe, Goldman

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click on the above image to view today's price action of key markets

NEW YORK (CNNMoney) -- U.S. stocks advanced to six-month highs Wednesday as investors welcomed the International Monetary Fund plan to boost its bailout fund to contain Europe's debt crisis.

An upbeat report on the housing market and Goldman Sachs earnings also lifted the market.

The Dow Jones industrial average (INDU) added 97 points, or 0.8%, the S&P 500 (SPX) rose 14 points, or 1.1%, and the Nasdaq composite (COMP) gained 42 points, or 1.5%. All three indexed closed at the highest levels since July.

The IMF said it is looking to raise up to $500 billion in additional lending resources, including a $200 billion commitment that euro area governments announced last year. The new target is based on the IMF's estimate of $1 trillion in potential global financing needs in the coming years.

The IMF said it is in preliminary stages of exploring funding options and consulting with the IMF's membership, of which the United States is the largest contributor.

The euro firmed above $1.28 against the dollar on the news.

While the IMF's beefed up lending capacity is good news, obstacles remain on the path toward a resolution to Europe's debt crisis.

"European policy makers struggle to stem the heightening risk for contagion," said David Song, currency analyst at DailyFX, adding that the primary concern right now is the financial fate of Greece.
The Greek debt dance heats up

Greek government officials and the group representing private sector investors and banks resumed talks Wednesday, trying to nail down how big a writedown private investors are willing to take on the country's bonds.

The talks ended Wednesday without an agreement, but will resume Thursday. Institute of International Finance director Charles Dallara, who represents the private sector investors and banks that hold Greek debt, said final terms could be reached in the days ahead.

"As talks surrounding Greece's second bailout package takes center stage, it seems as though the EU has little choice but to settle on a 50% haircut," said Song. "The developments may fail to prop up investor confidence should European policy makers struggle to meet on common ground."

Investors also had the latest bank earnings report to mull over, with Goldman Sachs (GS, Fortune 500) reporting fourth-quarter earnings that beat forecasts but revenue well below expectations. Goldman shares spiked almost 7% as CEO Lloyd Blankfein said in a statement that he was seeing "encouraging" signs of improvement in the markets and economy.

Goldman's mixed results came a day after Citigroup (C, Fortune 500) missed earnings estimates, while results from Wells Fargo (WFC, Fortune 500) were in line with expectations. Bank of America (BAC, Fortune 500) and Morgan Stanley (MS, Fortune 500) are scheduled to release their results on Thursday.

Investors were also encouraged by a better-than-expected report on the housing market. The National Association of Home Builders's Housing Market Index jumped to a four-year high of 25 in January, from a reading of 21 the month before. The index, which measures homebuilders' confidence, has been trending higher for the past four months.
World Bank warns on risk of global recession

Stocks have gotten off to a strong start in 2012, as investors focus on improvements in Europe, strong U.S. economic data and a decent batch of corporate earnings, said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research.

The Dow is up 3%, S&P 500 has climbed 4%, while the Nasdaq has rallied more than 6%.

U.S. stocks started the week higher Tuesday, as investors welcomed several signs of improving global economic growth.

Companies: Yahoo (YHOO, Fortune 500) shares rose, after the Web portal announced late Tuesday that co-founder Jerry Yang has resigned from the board of directors and all other positions at the company.
0:00 / 2:25 Yang-less Yahoo! could be on the market

Shares of Carnival (CCL) rose modestly, after falling 14% the day before. The cruise line operator said it may suffer a more than $100 million hit to its profit, from the grounding of the Costa Concordia off the coast of Italy.

Economy: Producer prices fell 0.1% in December, the government reported Wednesday. Economists surveyed by Briefing.com expected a rise of 0.1% during the month.

A report from the Federal Reserve showed that industrial production rose 0.4% in December, slightly below expectations, while capacity utilization rose to 78.1%, in line with economist expectations.

Currencies and commodities: The dollar fell against the British pound and also slipped versus the Japanese yen.

Oil for February delivery slipped 12 cents to settle at $100.59 a barrel.

Gold futures for February delivery rose $4.30 to $1,659.90 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury was fell, with the yield rising to 1.90% from 1.85% late Tuesday.

World markets: European stocks closed the session mixed. Britain's FTSE 100 (UKX) added 0.2%, the DAX (DAX) in Germany gained 0.3%, and France's CAC 40 (CAC40) finished down 0.4%.

Asian markets also ended mixed. The Shanghai Composite (SHCOMP) fell 1.4%, while the Hang Seng (HSI) in Hong Kong rose 0.3% and Japan's Nikkei (N225) increased 1%.

Special thanks to Bloomberg, CNNMoney and Yahoo! Finance for their market summaries. gm

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body/bar analysis)
Price Action Trading (no technical indicators)
Image@ http://twitter.com/wrbtrader and http://stocktwits.com/wrbtrader

Phone: +1.708.572.4885
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