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 7:52 am

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 1 post ] 
Author Message
 Post subject: May 23rd Thursday Trade Results - Profit $3540
PostPosted: Fri May 24, 2013 9:52 pm 
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)
Phone: +1 708 572-4885
Free Chat Room: http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164
Business Hours: 8am - 5pm est (Mon - Fri)
questions@thestrategylab.com (24/7)
http://twitter.com/wrbtrader (24/7)

Attachment:
052313-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit+3540.00.png
052313-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit+3540.00.png [ 82.64 KiB | Viewed 252 times ]

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

Price Action Trade Performance for Today: Emini TF ($TF_F) futures @ $2230.00 dollars or +22.30 points, Light Crude Oil CL ($CL_F) futures @ $160.00 dollars or +0.16 points, Gold GC ($GC_F) futures @ $1150.00 dollars or +11.50 points, EuroFX 6E ($6E_F) futures @ $0.00 dollars or +0.0000 ticks and Emini ES ($ES_F) futures @ $0.00 dollars or +0.00 points. Total Profit @ $3540.00 dollars.

Russell 2000 Emini TF Futures: 1 tick or 0.10 = $10.00 dollars and there's more contract information @ The ICE
Light Crude Oil CL (WTI) Futures: 1 tick or 0.01 = $10.00 dollars and there's more contract information @ CMEGroup
Gold GC Futures: 1 tick or 0.10 = $10.00 dollars and there's more contract information @ CMEGroup
EuroFX 6E Futures: 1 tick or 0.0001 = $12.50 dollars and there's more contract information @ CMEGroup
S&P 500 Emini ES Futures: 1 tick or 0.25 = $12.50 dollars and there's more contract information @ CMEGroup

In addition, all of my trades were posted real-time in the free ##TheStrategyLab chat room. You can read today's ##TheStrategyLab trading chat room logs for details about each one of my trades via price action trading from entry to exit (e.g. time, price, contract size) along with price action commentary as the trade traversed to its completion...all archived @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=117&t=1513

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). I'm primarily a day trader because it suits my personal lifestyle but I do occasionally swing trade and position trade. Simply, my trade method is applicable for position trading, swing trading and day trading.

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=209&t=1820

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

Market Summaries

The below summaries by Bloomberg, CNNMoney, Reuters 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 in many trading instruments I monitor during the trading day. 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, intermarket analysis (e.g. Forex EurUsd, EuroFX 6E futures, Gold GC futures, Light Crude Oil (WTI) CL & Brent Oil futures, Eurex DAX futures, Euronext FTSE100 futures, Emini ES futures, Emini TF futures, Treasury ZB futures and U.S. Dollar Index futures) while using WRB Analysis from one trade to the next trade to give me the market context for price action trading 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 trade decisions (day trading, swing trading, position trading)...something I can not get from my broker statements alone.

Stocks Claw Back From Steep Losses

Attachment:
052313-Key-Price-Action-Markets.png
052313-Key-Price-Action-Markets.png [ 529.14 KiB | Viewed 325 times ]

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

NEW YORK (CNNMoney)
U.S. stocks recovered from steep declines Thursday to end only modestly lower as investors discounted concerns about the Federal Reserve curtailing its bond buying program.

The Dow Jones industrial average fell less than 0.1%. The S&P 500 lost 0.3% and the Nasdaq declined 0.1%. All three indexes were down nearly 1% earlier in the session.

Hewlett Packard (HPQ, Fortune 500) was by far the biggest gainer of the day. Shares of the PC maker rallied 17%, a day after the company's earnings beat estimates and CEO Meg Whitman said she was "encouraged" by the turnaround plan.

A big sell-off in Japan dragged down Europe and put pressure on U.S. markets in early trading, but they clawed back throughout the day.

* Video - Don't sweat Japan's stock plunge

China manufacturing and Fed fallout: Some investors blamed the weakness in Asian stocks on a report that showed manufacturing activity in China slowed in May for the first time in seven months, raising concerns about growth in the world's second biggest economy.

But others argued that the selling was a continuation of losses sustained late Wednesday after minutes from the Fed's latest policy meeting showed some officials were willing to start slowing the pace of the central bank's bond buying program as soon as June.

"The red today is all fallout from the Fed yesterday," said Phil Orlando, chief equity market strategist with Federated Investors.

Bernanke told lawmakers Wednesday that withdrawing the Fed's stimulus measures prematurely could derail the economic recovery, though he hinted that the central bank could slow the pace of its bond buying later this year if the economy improves.

"Everyone's concerned the Fed starts to taper in June," said Orlando. "We think there's zero chance that happens."

The Fed's stimulus policies have been a big driver of the bull market over the past few years. But with the major indexes up more than 15% so far this year, some investors have called for a pullback.

"I think the market is looking for excuse to take some profits," said Orlando. "The bears who missed out on the way up will take this opportunity to put money back to work."

Bond yields back up. Meanwhile, the yield on the 10-year Treasury note held above 2%, a level not seen in more than two months.

The uptick in yields was another sign that investors expect the Fed to move toward a tighter stance on monetary policy, but traders say a major sell-off in bonds still seems unlikely.

"We would not expect much selling and for that cash to go under the mattress while the storm is weathered," said Suki Mann, credit strategist at Societe Generale. "Investors will hold firm and ride it out."

Economic bright spots: The Department of Labor reported that initial claims for unemployment benefits fell to 340,000 last week, down from 363,000 the week before.

Separately, new home sales rose 2.3% in April compared with the month prior, according to government data.

Eye on retail: After the market closed, Gap (GPS, Fortune 500) reported earnings that topped expectations and affirmed its outlook for the year. The retailer said sales rose 2% in the quarter, down from 4% in the same quarter last year. Shares were down after hours.

Shares of Sears (SHLD, Fortune 500) plunged 10% after hours, after the company reported a much bigger loss than expected.

Shares of Ralph Lauren (RL, Fortune 500) slumped after the retailer failed to meet lowered revenue forecasts, even as earnings jumped 35%.

Meanwhile, discount retailer Dollar Tree (DLTR, Fortune 500) reported better than expected earnings, sending shares up nearly 4%.

* Fear & Greed Index continues to wallow in extreme greed

Shares of Tesla (TSLA) nudged higher, a day after the electric car maker announced that it had repaid a $465 million loan from the government nearly a decade before it was scheduled to do so.

Special thanks to Bloomberg, CNNMoney, Reuters 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 Image@ http://stocktwits.com/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 2 guests


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