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 Post subject: November 14th Thursday Trade Results - Profit $2275.00
PostPosted: Fri Nov 15, 2013 9:32 pm 
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Joined: Sat Jan 10, 2009 1:06 pm
Posts: 3136
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)
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)

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111413-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit+2275.00.png
111413-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit+2275.00.png [ 127.9 KiB | Viewed 70 times ]

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

Price Action Trade Performance for Today: Emini TF ($TF_F) futures @ $500.00 dollars or +5.00 points, Emini ES ($ES_F) futures @ $1,125.00 dollars or +22.50 points, Light Crude Oil CL ($CL_F) futures @ $650.00 dollars or +0.65 points, Gold GC ($GC_F) futures @ $0.00 dollars or +0.00 points and EuroFX 6E ($6E_F) futures @ $0.00 dollars or +0.0000 ticks. Total Profit @ $2,275.00 dollars.

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
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

In addition, all of my trades were posted real-time in the chat room. You can read today's 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=123&t=1650

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=223&t=2061

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

Market Context Summaries

The below summaries by Bloomberg, CNNMoney, Reuters and Yahoo! Finance helps me to do a quick review of the fundamentals, FED/ECB/BOE/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 Up Again: Dow 16,000 In Sight

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

NEW YORK (CNNMoney)
Stocks ended modestly higher Thursday after Federal Reserve chair nominee Janet Yellen indicated in a Senate hearing that she will continue to support the economy with stimulus measures.

Investors were encouraged and sent the Dow Jones Industrial Average and S&P 500 to new records. The Dow is now just 1% from hitting 16,000, while the S&P 500 is less than 1% from 1,800.

The Nasdaq lagged behind the other two major indexes, as a drop in Cisco (CSCO, Fortune 500) shares weighed on the tech-heavy index. But the Nasdaq also rose slightly. It is now at its highest level since September 2000 and is less than 1% from 4,000.

Investors have been looking for clues as to when the Fed may begin scaling back its bond purchases. There has been speculation that the so-called tapering could begin as early as next month.

But during her question and answer session on Capitol Hill, Yellen said that the bond-buying program could still help the economy.

"It's important not to remove support, especially when the recovery is fragile," she said. "I believe it could be costly to withdraw accommodation or to fail to provide adequate accommodation."

The comments appear to have convinced investors that Yellen would continue the Fed's current $85-billion-per-month bond-buying program for the next few months. The program -- also known as quantitative easing or 'QE' -- has helped spur stocks by pumping markets with extra cash.

Cisco slide weighs on tech sector: Cisco (CSCO, Fortune 500) shares tumbled more than 10% after the company reported weak sales for the fiscal first quarter and issued a weak outlook for the current quarter, too.

Cisco CEO John Chambers blamed a "hard to read" economic environment, adding that the U.S. government shutdown increased the "lack of confidence among business leaders."

Though Cisco shares put pressure on some other tech stocks, StockTwits user orangecrusher13 pointed out the bright side.

"$CSCO creating opportunities in other tech names," he said. "Working my shopping list hard."

Another trader believed that Cisco eventually would bounce back.

"$CSCO It will be back to $25 by the next earnings announcement," said jdegiorgio. "Goldman has it valued @ $25. S&P has it valued @ $29."

StockTwits user Lach14 pointed out that although Cisco shares were weighing on the tech sector, the broader market was still up thanks to the Fed.

"$SPY - All ignoring $CSCO's disastrous erngs report - which used to be a bellweather for Global economy," he said. "It's all about QE, QE, QE...."

Wal-Mart (WMT, Fortune 500) reported better-than-expected earnings, though the retailer missed on revenue and reported a slight decline in same-store sales in the U.S. Shares of department store chain Kohl's (KSS, Fortune 500) plunged following poor results and a weak outlook. The bad news from these two retailers comes one day after Macy's (M, Fortune 500) ignited a retail rally thanks to its strong sales and guidance.

"I thought a slight $M beat meant every retail stock would beat and go up 10%? "#newnormal #insanity $KSS $WMT," said mytfine.

StockTwits user silverjet2 noted that while Macy's and even Michael Kors (KORS) are still attracting shoppers, the economy otherwise is forcing consumers to keep a tight grip on their wallets. Though thanks to the ongoing housing recovery, home improvement giants Lowe's (LOW, Fortune 500) and Home Depot (HD, Fortune 500) are still improving.

"$M $KORS aside, economy is restraining shoppers $WMT $KSS," he said. "Interesting to note whether money is being spent on home improvements, $LOW $HD."

Viacom (VIA) reported a gain in quarterly revenue, driven by sales in media networks and filmed entertainment, and double-digit gains in net earnings.

* Japan's economy slows dramatically

European markets ended with modest gains following the news that the eurozone economy grew by 0.1% in the third quarter, in line with economists' expectations. Asian markets closed higher. A weaker yen helped Japan's Nikkei jump 2.1%. The currency eased after a report showed Japan's economy grew 1.9% in the third quarter - a sharp slowdown from the previous quarter.

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
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