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
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 Post subject: August 20th Monday 2012 Emini TF ($TF_F) points -1.60
PostPosted: Wed Aug 22, 2012 8:49 am 
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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:
082012-wrbtrader-Price-Action-Trading-PnL-Blotter-Loss-160.png
082012-wrbtrader-Price-Action-Trading-PnL-Blotter-Loss-160.png [ 76.56 KiB | Viewed 291 times ]

click on the above image to view today's performance verification
Note: The above image shows swing trade (overnight hold) of 4 contracts

Price Action Trade Performance for Today: -1.60 points or ($160) dollars in the Russell 2000 Emini TF ($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 #TheStrategyLab chat room. You can read today's #TheStrategyLab 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=107&t=1300.

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 Price Action Analysis via 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 Trade Signal Strategies via 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=167&t=1561

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

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 (e.g. Eurozone, MarketWatch.com) that had an impact on today's price action. Simply, I'm a strong believer that key market events causes key changes in supply/demand and volatility resulting in trade opportunities (swing points and strong continuation price actions) that reach profit targets. Thus, I pay attention to these key market events via WRB Analysis from one trade to the next trade to give me the market context before the appearance of my technical analysis trade signals. Therefore, I maintain these archives to allow me to understand what was happening on any given trading day in the past involving key market events to help better understand my trading and reactions to the markets...something I can not get from my broker statements alone.

Stocks Close Flat But Remain Near 4-Year Highs

Attachment:
082012-Key-Price-Action-Markets.png
082012-Key-Price-Action-Markets.png [ 562.14 KiB | Viewed 330 times ]

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

NEW YORK (CNNMoney) -- Stocks stopped right around where they started Monday on yet another quiet August trading day. Still, all three indexes remain near their highest levels in more than four years.

The Dow Jones industrial average, the S&P 500 and the Nasdaq closed flat.

Trading volume has been low for more than a week, with many investors on vacation and little news out of Europe.

While the most hyped social media stocks, including Facebook (FB), Zynga (ZNGA) and Groupon Inc (GRPN), recently plumbed new lows, technology giant Apple (AAPL, Fortune 500) keeps hitting new heights. The iPhone maker set another record Monday by becoming the most valuable public company in history.

With little economic news on the agenda this week, investors will keep an eye on the Federal Reserve. The central bank will release minutes from its July meeting on Tuesday. While the Fed didn't announce any further stimulus measures at the meeting, investors will look for clues about whether quantitative easing could be coming when chairman Ben Bernanke speaks at a Jackson Hole, Wyo., symposium at the end of the month.

Investors will also look for news out of Europe, as Greek prime minister Antonis Samaras meets with top eurozone officials throughout the week. Samaras is expected to push for a two-year extension of Greece's bailout program, which would give the government more time to implement difficult reforms.

Fear and Greed Index

U.S. stocks ended higher Friday, capping off a sixth straight week of gains. Stocks have been trading near their highest levels since May 2008.

World Markets: European stocks closed lower. Britain's FTSE 100 was down 0.5%. France's CAC 40 fell 0.3%, and the DAX in Germany slipped 0.1%.

Asian markets ended mixed. The Shanghai Composite fell 0.4% and the Hang Seng in Hong Kong shaved off 0.1%, while Japan's Nikkei ended up 0.1%.

Companies: Lowe's (LOW, Fortune 500) second-quarter earnings missed expectations, falling 10% over the same period a year ago, the home improvement retailer reported Monday. Shares closed down 6%.

Aetna (AET, Fortune 500) is buying Coventry Health Care (CVH, Fortune 500) for $5.7 billion in cash and stock. The deal would make Aetna one of the largest providers of government-financed health care. Shares of both companies moved up with Coventry closing up 20%.

* Shareholder Spring is now Silent Summer

Best Buy (BBY, Fortune 500) announced that Hubert Joly, the CEO of restaurant chain Carlson would take over CEO duties. Shares fell 10% as investors appear wary that this announcement makes the proposed buyout by the retailer's founder, Richard Schulze, less likely.

Currencies and commodities: The dollar rose against the euro and the British pound, but slid against the Japanese yen.

Oil for September delivery fell 4 cents to $95.97 a barrel.

Gold futures for December delivery moved up $3.60 cents to $1,623.00 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury was unchanged, with the yield holding at 1.82% from late Friday.

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 and http://stocktwits.com/wrbtrader

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