TheStrategyLab.com Price Action Trading Support Forum

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
It is currently Thu Mar 28, 2024 6:43 am

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 1 post ] 
Author Message
 Post subject: June 18th Monday 2012 Emini TF ($TF_F) points +12.40
PostPosted: Tue Jun 19, 2012 6:59 am 
Offline
Site Admin

Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4335
Location: Canada
Image

Trade Results of M.A. Perry
Trader and Founder of WRB Analysis (wide range body/bar analysis)
Price Action Trading (no technical indicators)

Attachment:
061812-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit-1240.png
061812-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit-1240.png [ 75.18 KiB | Viewed 317 times ]

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

Price Action Trade Performance for Today: +12.40 points or $1240 dollars in the Russell 2000 Emini TF ($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. You can read today's #FuturesTrades trading chat room logs for 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 in comparison to what's shown in the above image...all archived @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=105&t=1250.

To join our free chat room...log-in 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 price action 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 price action 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=162&t=1492

-----------------------------

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.

Attachment:
061812-Key-Price-Action-Markets.png
061812-Key-Price-Action-Markets.png [ 545.63 KiB | Viewed 289 times ]


Image

Market Update

4:30 pm : Large-cap Tech helped lift the Nasdaq to a strong gain, but both the Dow and S&P 500 spent most of the session mired in choppy, lackluster trade.

Although Greece’s Athex 20 climbed more than 4% on Monday in response to early election polls that pointed to a preference for the country's pro-austerity party, market sentiment was generally softened by renewed worries related to precarious conditions in Spain. Such concerns dropped the country’s IBEX 35 for a 3% loss and took the yield on its 10-year Note back above 7%.

The notion that the Fed could announce another round of quantitative easing in a couple of days also did little to support broad market buying. It also failed to weaken the dollar. For the day, the dollar advanced about 0.4% against a basket of major foreign currencies. Most of that move was against the euro, which was down about 0.5% by the end of the trading day. Still, that’s only about half the size of the loss that the euro had suffered in the early going.

Gains by the greenback and concerns about softer demand sent oil prices to a new multi-month low of almost $82 per barrel this morning. The energy component managed to cut its loss so that it ended the day down 0.8% at $83.34 per barrel.

Lower oil prices combined with a downtrend in Energy shares took the Energy sector to a 0.8% loss today. No other sector performed as poorly.

Financials also acted as a drag, especially shares of diversified banks and financial services players. Altogether the Financial sector fell about 0.6%.

In contrast, a 0.6% gain by Tech made the sector second only to Consumer Discretionary in terms of performance. Large-cap Tech issues like Apple (AAPL 585.78, +11.65), eBay (EBAY 42.49, +1.82), and Google (GOOG 570.85, +6.34) were especially helpful in pushing the Nasdaq out in front of its two counterparts. However, not all Tech stocks were strong; aggressive selling against Hewlett-Packard (HPQ 21.05, -0.59) took the stock, which is not a Nasdaq member, back near its two-week low.

No corporate reports or economic data of consequence were released today. Monthly housing starts and building permits numbers will be released tomorrow morning.

Advancing Sectors: Consumer Discretionary +0.7%, Tech +0.6%, Materials +0.5%, Health Care +0.5%, Utilities +0.4%, Telecom +0.2%, Industrials +0.2%, Consumer Staples +0.2%
Declining Sectors: Financials -0.6%, Energy -1.0%DJ30 -25.35 NASDAQ +22.53 NQ100 +0.8% R2K +0.2% SP400 +0.8% SP500 +1.94 NASDAQ Adv/Vol/Dec 1275/1.58 bln/1253 NYSE Adv/Vol/Dec 1775/707 mln/1233

3:30 pm : Crude oil spent its entire pit session in negative territory. It dipped to a session low of $82.04 per barrel moments into pit trade then inched its way up to a session high of $83.87 per barrel. Crude pulled back into the close and settled the session with a 0.8% loss at $83.34 per barrel. Natural gas, on the other hand, climbed higher as its floor session progressed. It settled with a 6.5% gain at $2.63 per MMBtu, just below its session high of $2.64 per MMBtu.

Precious metals erased most of their early losses despite a stronger dollar. Gold came off its session low of $1613.50 per ounce set in morning action and even popped into the black to touch a session high of $1630.90 per ounce. The move was short-lived, though, as gold spent the afternoon chopping around just below the unchanged line before it settled 0.1% lower at $1626.70 per ounce. Silver fell as low as $28.25 per ounce in morning pit action, but worked its way up near the break-even level. It settled with a 0.2% loss at $28.66 per ounce. DJ30 -28.37 NASDAQ +22.23 SP500 +1.49 NASDAQ Adv/Vol/Dec 1320/1.20 bln/1170 NYSE Adv/Vol/Dec 1805/425 mln/1190

3:00 pm : Only an hour remains in today's trade and the Dow remains mired in the red, while the S&P 500 clings to a narrow gain and the Nasdaq sports an impressive lead over its two counterparts.

Tech stocks and Consumer Discretionary plays are the top performers. Both sectors are up 0.7%. Energy remains at the opposite end of the spectrum, as it has since the session's open. As a group, Energy plays are down 1.0%. DJ30 -13.80 NASDAQ +26.54 SP500 +3.08 NASDAQ Adv/Vol/Dec 1290/1.13 bln/1200 NYSE Adv/Vol/Dec 1755/395 mln/1230

2:30 pm : The Nasdaq has extended its climb so that it now sits at its best level of the session. Its 1% gain is even more impressive considering that the Dow remains unchanged for the day.

The divergence comes as large-cap Tech plays provide the Nasdaq with a helpful lift. That's not to say all Tech stocks are in strong shape, though; Hewlett-Packard (HPQ 21.10, -0.54) shares are down markedly and dragging on the Dow. Other blue chips like Alcoa (AA 8.69, -0.13) and Bank of America (BAC 7.81, -0.09) are also hampering the Dow. DJ30 -2.12 NASDAQ +27.95 SP500 +4.07 NASDAQ Adv/Vol/Dec 1270/1.01 bln/1190 NYSE Adv/Vol/Dec 1715/355 mln/1245

2:00 pm : The Nasdaq has extended its climb so that it is now up a little less than 1%. The Tech-rich Index continues to get help from the likes of eBay (EBAY 42.58, +1.92) -- the stock is sporting a big gain of almost 5% as it sits at its highest level since early 2006. Momentum behind the stock's ascent has been helped by an analyst upgrade.DJ30 -13.58 NASDAQ +24.57 SP500 +2.82 NASDAQ Adv/Vol/Dec 1260/955 mln/1200 NYSE Adv/Vol/Dec 1700/335 mln/1280

1:30 pm : The S&P 500 has pushed up to an afternoon high, but that still makes for only a narrow gain. Meanwhile, the Dow has come within striking distance of the flat line. The Nasdaq continues to outperform as it pushes up to an impressive gain with help from large-cap Tech plays.DJ30 -9.65 NASDAQ +20.29 SP500 +2.25 NASDAQ Adv/Vol/Dec 1165/875 mln/1290 NYSE Adv/Vol/Dec 1545/305 mln/1405

1:00 pm : Broad market action remains mixed and lackluster amid renewed worries about banking and macro conditions in Spain, where the yield on the country's 10-year Note back above 7%. That has overshadowed early election polls in Greece that suggest a preference for the country's pro-austerity party. Market participants also continue to wait on the Fed, which will announce its latest policy statement and forecast in only a couple of days.

Energy stocks have been a heavy drag on trade today. The sector is off of its session low, but still down 0.8% for the day. Earlier today oil prices were down to a new multi-month low near $82 per barrel, but they have since pushed up to $83.70 per barrel, which still makes for a 0.4% loss.

The Tech sector is up 0.4% amid help from large-cap Tech issues. Their strength has also helped the Nasdaq put together a solid gain while both the Dow and S&P 500 muddle along in mixed fashion.

The dollar has benefited from a drop by the euro, but is off of its session high. Nonetheless, the greenback currently sports a 0.4% gain against a basket of major foreign currencies as it comes off a weekly loss on the order of 1%. DJ30 -26.64 NASDAQ +14.39 SP500 -0.04 NASDAQ Adv/Vol/Dec 1125/785 mln/1315 NYSE Adv/Vol/Dec 1480/280 mln/1465

12:30 pm : The broad market continues to muddle along the neutral line in mixed fashion. The lackluster action has also made for very boring theatre within the fixed income space, such that the benchmark 10-year Treasury Note is down only a couple of ticks with its yield still below 1.60%.DJ30 -28.19 NASDAQ +11.75 SP500 -0.54 NASDAQ Adv/Vol/Dec 1060/710 mln/1370 NYSE Adv/Vol/Dec 1425/255 mln/1500

12:00 pm : Although Apple (AAPL 583.10, +8.97), eBay (EBAY 42.22, +1.55), and First Solar (FSLR 14.73, +0.78) are up with strong gains, weakness among shares of Oracle (ORCL 26.77, -0.93), Hewlett-Packard (HPQ 21.04, -0.60), and SAIC (SAIC 11.76, -0.48) is hampering the overall Tech sector, which is currently up just 0.3%.DJ30 -22.02 NASDAQ +11.42 SP500 -0.63 NASDAQ Adv/Vol/Dec 1070/595 mln/1305 NYSE Adv/Vol/Dec 1450/220 mln/1455

11:30 am : The S&P 500 continues to muddle along the neutral line. The lack of action comes in contrast to trade last week, when the S&P 500 moved at least 1% higher or lower in four of five sessions.

Defensive in nature, Utilities and Telecom stocks have attracted the strongest buying interest today. The two sectors are up 0.5% and 0.6%, respectively. In contrast, Energy continues to trade with a pronounced loss of little more than 1%. Financials had been a drag in the early going, but the sector managed to work its way out of the red for a narrow gain before retreating to its current loss of 0.3%. DJ30 -26.22 NASDAQ +7.68 SP500 -0.85 NASDAQ Adv/Vol/Dec 1050/505 mln/1300 NYSE Adv/Vol/Dec 1445/185 mln/1445

11:00 am : Both the Dow and S&P 500 recently poked into positive territory, but neither has been able to extend the move. Instead, the two are back to trading in choppy fashion with mixed results. As for the Nasdaq, it has managed to muster a strong gain with continued help from large-cap Tech issues.

Meanwhile, the euro has managed to slash its loss against the greenback. The currency was down about 1% earlier this morning, but that loss has been halved so that the euro now trades at about $1.257. DJ30 -4.73 NASDAQ +14.03 SP500 +1.67 NASDAQ Adv/Vol/Dec 1040/385 mln/1290 NYSE Adv/Vol/Dec 1430/145 mln/1410

10:30 am : Crude oil prices set a new multi-month low of almost $82 per barrel earlier this morning, but they have since worked their way up to $83.05 per barrel, which makes for a 1.1% loss. Natural gas prices are presently sporting a 1.9% gain at $2.51 per MMBtu.

Precious metals prices remain in the red, but have been working to trim their losses. Specifically, gold prices were down to about $1613.50 per ounce at their morning low, but are now $1623.30 per ounce. As for silver, prices were down to about $28.24 per ounce for a morning low, but were last quoted at $28.66 per ounce, which makes for a 0.3% loss. DJ30 -16.76 NASDAQ +12.44 SP500 +0.31 NASDAQ Adv/Vol/Dec 905/270 mln/1400 NYSE Adv/Vol/Dec 1130/105 mln/1675

10:00 am : Neither the Dow nor the S&P 500 have been able to extend their morning bounce out of negative territory, but the Nasdaq has poked into positive ground for an incremental gain. Large-cap Tech issues like Google (GOOG 566.90, +2.39) and Apple (AAPL 578.39, +4.26) are helping to lift the Nasdaq.

The Housing Market Index for June registered a reading of 29. That is unchanged from the prior month, but slightly better than the reading of 28 that had been expected, on average, among economists polled by Briefing.com. DJ30 -41.59 NASDAQ +2.25 SP500 -3.20 NASDAQ Adv/Vol/Dec 680/90 mln/1515 NYSE Adv/Vol/Dec 720/55 mln/1960

09:45 am : The major equity averages have bounced back from a lower open, but they remain in the red. Energy stocks, down 0.9%, have been a drag in the early going. The sector's slide comes as oil prices grapple with a 1.7% loss at $82.62 per barrel after they were recently down to almost $82 per barrel for a new multi-month low. Financials, currently off by 0.6% as a group, are also hampering action this morning.DJ30 -38.14 NASDAQ -2.19 SP500 -3.25 NASDAQ Adv/Vol/Dec NA/NA/NA NYSE Adv/Vol/Dec NA/NA/NA

09:15 am : S&P futures vs fair value: -5.50. Nasdaq futures vs fair value: -10.80. Stock futures point to a lower open as market participants turn defensive. Weaker sentiment comes amid renewed worries about conditions in Spain -- and other corners of the eurozone for that matter. That has generally overshadowed early election polls in Greece, where favor for the country's leading pro-austerity party would suggest that the country is more likely to remain part of the eurozone. Concerns about the implications of such developments, or those possible, have played a part in driving down the euro to $1.26 for a 0.8% loss.

09:05 am : S&P futures vs fair value: -4.60. Nasdaq futures vs fair value: -9.30. General weakness in the commodity complex has the CRB Index down 0.5%. A drop to about $82.50 per barrel for a 1.8% loss has crude oil prices back near multi-month lows. Meanwhile, natural gas prices have pushed up to $2.52 per MMBtu for a 2.2% gain. Precious metals are under pressure, such that gold is sitting at $1620 per ounce with a 0.5% loss, while silver wrestles with a 1.6% loss at $28.29 per ounce.

08:35 am : S&P futures vs fair value: -6.20. Nasdaq futures vs fair value: -12.50. Action among Europe's major bourses is now mostly mixed, but Greece's Athex 20 is currently up more than 5% in response to early election polls that suggest a pro-austerity party is the top choice among voters there. However, concerns about conditions in Spain have caused the yield on the country's 10-year Note to climb back above 7.0% and its IBEX 35 to fall to a 2.0% loss. Meanwhile, Germany's DAX is holding on to a 0.3% gain. Infineon Tech, ThyssenKrupp, and automakers like BMW, Volkswagen, and Daimler are among its best performers, but banking issues like Commerzbank and Deutsche Bank (DB 35.43, -1.08) are wrestling with losses. Banks are also weighing on Britain's FTSE, which is presently up 0.2%. Royal Bank of Scotland (RBS 7.83, +0.00) and Lloyds Group (LYG 1.92, +0.00) are both down sharply. At the other end of things, Burberry is the best performer by percent gained. Old Mutual Plc and Evraz Plc are also in strong shape. France's CAC is currently down 0.4%. Electricite de France and EADS are both up nicely, but their efforts are being offset by weakness in financial plays like Credit Agricole, Societe Generale, and BNP Paribas.

Overnight action in Asia was broadly positive. The upbeat tone helped lift Japan's Nikkei to a 1.8% gain. It was led by the likes of Oki Electric, Nippon Sheet Glass, Mazda Motor, and Sharp Corp. Kansai Electric Power, Shizuoka Bank, and Aozora Bank sat out. Hong Kong's Hang Seng scored a 1.0% gain in its latest round of trade. CNOOC (CEO 198.27, +0.00) was a source of leadership. Nan Hai and China Minsheng Banking also provided support. In contrast, Boshiwa International Holding and Chaoda Modern Agriculture both made nosedives. Mainland China's Shanghai Composite scored a 0.4% gain on Monday. China Minsheng Banking was a strong performer, as was VV Food & Beverage. Founder Securities was also a standout, given the size of its gain and the share volume behind it. In contrast, Inner Mongolia Yili Industrial encountered aggressive selling.

Note: ticker quotes reflect US premarket prices.

08:05 am : S&P futures vs fair value: -4.60. Nasdaq futures vs fair value: -6.00. Broad market equity futures are down this morning as market participants ruminate over elections in Greece and a resurgance in Spain's debt yields. A positive response to early election polls in Greece has helped drive the country's Athex 20 almost 5% higher in its latest round of trade. However, a recent report on soured loans among Spain's banks has rekindled concerns about the health of the country's system, resulting in a rise in the Spanish 10-year Note's yield to more than 7.0%. The country's IBEX 35 is currently down nearly 2%. Attention to such themes will keep many tuned into today's meeting of G20 leaders. In a similar vein, global and domestic developments will make an upcoming FOMC meeting all the more interesting. The only dose of domestic economic data today, though, is the latest Housing Market Index, which will be released at 10:00 AM ET.

06:27 am : [BRIEFING.COM] S&P futures vs fair value: flat. Nasdaq futures vs fair value: +4.00.

06:27 am : Nikkei...8721.02...+151.70...+1.80%. Hang Seng...19427.81...+193.90...+1.00%.

06:27 am : FTSE...5500.48...+21.70...+0.40%. DAX...6278.71...+49.30...+0.80%.

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)
Image@ http://twitter.com/wrbtrader, http://stocktwits.com/wrbtrader and http://chart.ly/users/wrbtrader

http://www.thestrategylab.com
Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
questions@thestrategylab.com
Go Back To TheStrategyLab.com Homepage


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 1 post ] 

All times are UTC - 5 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Translated by Xaphos © 2007, 2008, 2009 phpBB.fr