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 Post subject: June 19th Tuesday 2012 Emini TF ($TF_F) points +10.90
PostPosted: Thu Jun 21, 2012 5:22 am 
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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:
061912-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit-1090.png
061912-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit-1090.png [ 76.17 KiB | Viewed 287 times ]

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

Price Action Trade Performance for Today: +10.90 points or $1090 dollars in the Russell 2000 Emini TF ($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=1251.

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

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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.

Stocks Rise On Hope For Fed Action

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061912-Key-Price-Action-Markets.png
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NEW YORK (CNNMoney) -- U.S. stocks finished up about 1% Tuesday, as investors breathed a delayed sigh of relief about Greece and were optimistic the Federal Reserve might act to boost the economy at the end of its two-day meeting .

"When bad news isn't as bad as you expected, the market reflects that," said Bruce McCain, chief investment strategist at Key Private Bank.

The Dow Jones industrial average (INDU) rose 96 points, or 0.8%, the S&P 500 (SPX) gained 13 points, or 1%, and the Nasdaq (COMP) added 34 points, or 1.2%.

Sunday's election in Greece yielded a victory for the pro-bailout party and eased fears about the country exiting the euro. Investors are hopeful that Greek leaders will be able to form a coalition government, with the National Bank of Greece (NBG) up 11% and Global X FTSE Greece 20 ETF (GREK) up 6% at the close of European markets.

Financial shares were some of the biggest gainers Tuesday. "Bank stocks have been among the most sensitive to the overall trends," said McCain. "Clearly money is moving back toward the risk sector."

Shares of JPMorgan Chase (JPM, Fortune 500), Bank of America (BAC, Fortune 500), Goldman Sachs (GS, Fortune 500), Morgan Stanley (MS, Fortune 500) and Citigroup (C, Fortune 500) were up between 2% and 5%.

* Obama's economy: A snapshot

Investors are also optimistic that the Federal Reserve's two-day meeting, which ends Wednesday, will produce another round of bond buying, plans to continue its so-called Operation Twist, or some other type of stimulus.

"What we're seeing today foretells the way the rest of the week is going to go," said Doug Cote, chief market strategist at ING Investment Management. "Since we're expecting to see supportive policy out of the U.S. and maybe even out of Europe, the market will get even better."

Stocks saw a similar rise after the last Fed policy meeting in April, with the Dow rising about 350 points in the week after the April 24 meeting. But the boost didn't last; the Dow erased most of its gains by May 7, falling back 270 points.

As fears of an imminent Greek exit from the euro recede, banking and debt worries in Spain have moved into greater focus. Spain's 10-year yield remained above 7% Tuesday, heightening worries that the country will need a bailout

Leaders of the Group of 20 nations were concluding a meeting in Mexico on Tuesday. Europe is at the top of the agenda, though analysts aren't expecting any significant policy announcements.
Fear & Greed Index

U.S. stocks ended mixed Monday after a day of choppy trading following the election in Greece. But CNNMoney's Fear & Greed index showed investors' level of fear continued to lessen.

Economy: In May, home builders filed for building permits at the fastest pace since September 2008, the government reported Tuesday.

Permits came in at a seasonally adjusted annual rate of 780,000, easily topping forecasts of 725,000 from economists surveyed by Briefing.com.

Housing starts, which are more affected by weather than permits, fell slightly to an annual rate of 708,000, a bit short of forecasts.

Companies: Shares of retailer JC Penney (JCP, Fortune 500) tumbled after the company announced late Monday that its president had left. Michael Francis was hired away from rival Target (TGT, Fortune 500) in October to lead Penney's marketing efforts, but in May the company announced disappointing sales that sent its share price sharply lower.

Business software maker Oracle (ORCL, Fortune 500) made a surprise earnings announcement after the close Monday, announcing an operating profit of 82 cents a share and a $10 billion buyback. Shares finished the day up 3% on Tuesday.

Drugstore chain Walgreens (WAG, Fortune 500) announced Tuesday it was buying a 45% equity ownership stake in Alliance Boots, the Switzerland-based drug wholesaler that is a major global drugstore chain. Shares closed down 5% on the news.

JPMorgan Chase (JPM, Fortune 500) CEO Jamie Dimon returned to Capitol Hill Tuesday to testify before the House Financial Services Committee about the bank's $2 billion trading loss. Dimon and regulators debated how institutions like JPMorgan should be monitored.

Dimon assured regulators that the bank "can be regulated" and that it is "not too big to fail."

FedEx (FDX, Fortune 500) reported earnings of $1.99 a share in its fiscal fourth quarter, excluding special items, topping forecasts. But its guidance for fiscal first-quarter earnings was below forecasts. Shares were up 3% in as markets closed.

Financial services firm Jefferies (JEF) reported earnings of 31 cents a share, excluding special items, down from 36 cents a year earlier but topping forecasts.

Book retailer Barnes & Noble (BKS, Fortune 500) reported a quarterly loss of $1.08 a share, wider than the loss of $1.04 a share a year earlier.

Microsoft (MSFT, Fortune 500) shares edged higher after the software maker unveiled a Windows tablet computer of its own design late Monday.

Shares of Pandora (P) fell Tuesday after Spotify announced it was launching a free mobile radio app for Apple's iPhone, iPad and iPod touch.

World markets: European markets closed higher. Britain's FTSE 100 (UKX) gained 1.8%, while the DAX (DAX) in Germany rose 1.8%, and France's CAC 40 (CAC40) bounced back from earlier losses to end up 1.6%.

Asian markets closed slightly lower, with the Shanghai Composite (SHCOMP) losing 0.7%, the Hang Seng (HSI) in Hong Kong slipping 0.1% and Japan's Nikkei (N225) down 0.8%.

Currencies and commodities: The dollar was slightly lower against the euro, the Japanese yen and the British pound.

Oil for July delivery settled at $84.03 a barrel, up 75 cents.

Gold futures for August delivery settled down $3.90 to $1,623.10 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury fell, sending the yield up to 1.61% from 1.58% on Monday.

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

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