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 Post subject: June 10th Tuesday Trade Results - Profit $230.00
PostPosted: Wed Jun 11, 2014 6:42 am 
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Joined: Sat Jan 10, 2009 2:06 pm
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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)

Attachment:
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061014-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit+230.00.png [ 175.6 KiB | Viewed 318 times ]

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

Price Action Trade Performance for Today: Emini TF ($TF_F) futures @ $230.00 dollars or +2.30 points, Emini ES ($ES_F) futures @ $0.00 dollars or +0.00 points, Light Crude Oil CL ($CL_F) futures @ $0.00 dollars or +0.00 points, Gold GC ($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 @ $230.00 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 timestamp ##TheStrategyLab chat room. You can read today's price action trading information about my trades (e.g. time, price entry, contract size, price exit) as the trade traversed to its completion. Also, sometimes I'll post real-time trading tips involving WRBs, WRB Hidden GAPs, Key Market Events (KME), Tutorial Chapters 2 & 3, WRB Zones, Reaction Highs/Lows, Contracting Volatility or Expanding Volatility. Its all archived @ http://www.thestrategylab.com/ftchat/forum/viewtopic.php?f=131&t=1813

Quote:
If any of my real-time posted trades are via key concepts discussed in the WRB Analysis free study guide or the Fading Volatility Breakout (FVB) free trade signal strategy...I will discuss the reasons (trade strategy) behind those trades if/when a user of ##TheStrategyLab chat room ask questions about the trades. In contrast, real-time posted trades that are via the Advance WRB Analysis Tutorial Chapters 4 - 12 or the Volatility Trading Report (VTR) trade signal strategies...I discuss the reasons (trade strategy) behind those trades with fee-base clients in a different private chat room that's designated only for fee-base clients or discuss the strategies with fee-base clients on my Skype contact list.

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 ##TheStrategyLab Chat Room is free. Members and I use the chat room to post WRB Analysis commentary, real-time trades and to post anything else related to trading. The chat room helps me tremendously in my own trading because I use it to document (journal) general volatility analysis involving WRB Analysis so that I can easily review at a later date my thoughts as I interacted with the markets...info I can not get from my broker statements. Also, this is not a signal calling chat room where a head trader tells you when to buy or sell and I do not have the time/energy/resources to manage a signal calling chat room. Access instructions for chat room @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=164

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 (answering your questions) prior to purchasing the Volatility Trading Report (VTR).

Image Trading Plan Daily Routine @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=240&t=2365

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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. Further, most financial websites remove (delete) their archives after a few years to make room for new content. Therefore, I maintain my own archives of the news content so that I have it available for me when financial websites no longer archives their content.

Dow Crawls To New Record: 16,945.9

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

NEW YORK (CNNMoney)
It doesn't take much for the stock market to hit a new record these days.

After playing dead all day, the Dow orchestrated a last second bounce -- of a mere 2.82 points -- that left the index slightly closer to the 17,000 level.

Here are five things you need to know:

1. Another record for the Dow: The Dow Jones Industrial Average's slight gain marks its fourth consecutive record close (at 16,945.92).The Nasdaq also finished with a narrow gain (0.04% higher), but the S&P 500 saw its five-day winning streak come to an end, finishing down 0.02%.

All in all, stocks barely budged on the day. Stocks were in the market equivalent of a straight jacket. The S&P 500 moved less than seven points between its high and low, the narrowest one-day swing since early March. The Dow traded in just a 49-point range.

A pause isn't surprising given that Wall Street is in the midst of one of its hottest stretches of the current bull market. In fact, the S&P 500 had advanced in 13 of its prior 16 sessions, including on Monday when the S&P 500 and Dow inched higher to new records.

Market volatility, as measured by the VIX (VIX)index, continues to trade at levels unseen in over seven years. Some see the apparent calm as a red flag that signals investors may be becoming complacent. And CNNMoney's Fear & Greed Index, which looks at the VIX and six other gauges of market sentiment, is flashing signs of Extreme Greed.

2. Stocks in focus -- eBay, RadioShack & Netflix: Shares of eBay (EBAY, Tech30) fell almost 3% as investors fret over the departure of David Marcus, the head of its PayPal division, who is leaving for Facebook (FB, Tech30). The social media network, on the other hand, was up 4.6% today.

Elsewhere in tech, Amazon.com (AMZN, Tech30) launched a new service this week that's expected to go head-to-head with PayPal. It will allow customers to automatically pay recurring charges, such as phone bills, with their Amazon accounts. Amazon finished the day 1.5% higher.

"So PayPal CEO leaves and people automatically assume the worst?," Stocktwits user Jules_tm wrote. "Let it soak in. $EBAY."

RadioShack (RSH) is struggling to find any signs of life and currently trades under $1.40 -- almost penny stock territory. The company dropped about 10.3% after disclosing a loss and plunging same-store sales due to traffic declines and softness in its mobility business.

While RadioShack noted progress in its turnaround, the company warned it may need to raise more capital, slash costs or sell assets if current trends continue or worsen.

Investors guzzled down shares of Molson Coors (TAP), which soared 5% and was the best performer on the S&P 500 ahead of the start of the World Cup later this week.

"Something may be brewing at $TAP. Insider buying, unusual call activity and lately, strong volume," said Stocktwits user gharo34.

Shares of Netflix (NFLX, Tech30) climbed over 1% after the company reportedly buried the hatchet with Internet providers such as Verizon (VZ, Tech30) over slow streaming video.

3. More merger mania: The battle over the maker of Botox also continues to boil, with Allergan (AGN) rejecting a sweetened buyout bid worth $53 billion from Valeant Pharmaceuticals (VRX) and activist hedge fund investor Bill Ackman. Allergan shares were unchanged after once again concluding the offer "substantially undervalues" the company.

Chico's (CHS) spiked more than 7.5% after the Financial Times reported the women's retailer has huddled with private-equity firms in recent weeks about a possible buyout.

4. Dividends still fashionable: Best Buy (BBY) rallied 2.4% after hiking its dividend by 12% to 19 cents per share thanks to its stronger cash position. Last month, Best Buy blamed another drop in quarterly sales on a shortage of sexy new products emerging from Silicon Valley.

FedEx (FDX) closed flat after the shipping giant hiked its dividend by 33% to 20 cents a share.

For the first time since 2008, MetLife (MET) is returning cash to shareholders via a stock buyback program. MetLife's new repurchase plan is valued at about $1 billion. The stock ended slightly higher.
CNNMoney NYSE bell CNNMoney rings the closing bell at the New York Stock Exchange on June 10.

5. International movers: European markets closed mostly higher.

Asian markets ended mixed. Markets in China jumped while the Nikkei in Japan declined by nearly 1%.

Bonus: In celebration of CNNMoney's website re-launch in June, some of the CNNMoney team, including CNN's chief business correspondent Christine Romans, rang the closing bell at the New York Stock Exchange on Tuesday.

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By Caroline Valetkevitch

NEW YORK (Reuters) - U.S. stocks finished nearly flat on Tuesday, although the Dow eked out another record closing high as utilities' shares fell while 10-year bond yields hit their highest level in a month.

Six of the 10 primary S&P 500 sector indexes ended the session lower. The decline was led by a 0.3 percent drop in the S&P utilities index <.SPLRCU>. Utility stocks' high dividends tend to lose some of their appeal when bond yields jump.

It was the Dow's fourth straight record closing high. The S&P 500, though, broke its four-day string of record high finishes.

The benchmark S&P 500 moved within less than a 7-point range, continuing its recent tight trading pattern.

"Obviously, a lot of people have been concerned the S&P 500 has hit so many price targets that it does need to consolidate a bit, so that's why the activity is a little quieter than normal. People don't have a reason to sell, but they also don't have a reason to go out and buy with any type of enthusiasm, so you kind of end up in this holding pattern," said Michael O’Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.

Shares of eBay fell 2.7 percent to end at $48.25, ranking as the second-biggest drag on the S&P 500.

The stock's slide came after news late Monday that David Marcus, who has led eBay's fast-growing payments unit PayPal for the past two years, will step down this month to run Facebook's messaging products. Facebook Inc shares rose 4.6 percent to $65.77.

The Dow Jones industrial average <.DJI> rose 2.82 points or 0.02 percent, to 16,945.92, a record closing high.

The S&P 500 <.SPX> dipped 0.48 of a point or 0.02 percent, to finish at 1,950.79. The Nasdaq Composite <.IXIC> added 1.75 points or 0.04 percent, to 4,338.

Strategists at Bank of America Merrill Lynch slightly reduced their recommended equity allocation for clients with a moderate risk tolerance, reflecting a bit more cautiousness, but still remained positive on stocks, according to a note. The firm's Resource Investment Committee said it cut its equity allocation for moderate-risk clients by 2 percentage points to 66 percent.

Volume was once again below average. With just 5.2 billion shares changing hands on U.S. exchanges, Tuesday's volume was below the 5.76 billion average for the last month, according to data from BATS Global Markets.

The CBOE Volatility Index <.VIX> ended down 1.4 percent at 10.99. Further evidence of the low volatility and the slow grind in the market: The 14-day Average True Range on the S&P 500 hit 10.09, the lowest since February 2013.

Besides Facebook, other momentum stocks ranked among the day's biggest outperformers, including Netflix Inc , up 1.2 percent at $428.29.

Achillion Pharmaceuticals Inc was among the Nasdaq's most-active names, surging 83.3 percent to $7.79. The company said on Tuesday that the U.S. Food and Drug Administration let it resume the development of one of its hepatitis C drugs.

JMP Securities upgraded the stock to "market outperform" from "market perform."

The biotech sector got a lift from Receptos Inc , which shot up 36.8 percent to $39.94 after the company's experimental multiple sclerosis drug met its main goal in a mid-stage trial.

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
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