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 Post subject: December 24th Wednesday Trade Results - No Trades
PostPosted: Wed Dec 24, 2014 9:38 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
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Quote:
No trades today due to personal day off to enjoy the Holidays with family.

Price Action Trade Performance for Today: Emini TF ($TF_F) futures @ $0.00 dollars or +0.00 points, Emini ES ($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 @ No Trades

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

Trade Log: 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 in ##TheStrategyLab chat room 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=137&t=1967

Quote:
All of my real-time posted trades involves price action concepts from the WRB Analysis free study guide, Advance WRB Analysis Tutorial Chapters 4 - 12 and the Volatility Trading Report (VTR) trade signal strategies. Analysis -----> Trade Signals

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 Advance WRB Analysis Tutorial Chapters @ 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

Analysis -----> Trade Signals

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).

All WRB Analysis Tutorial Chapters 1 - 12 are included in the purchase of the Volatility Trading Report (VTR).

Image Trading Plan Daily Routine @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=252&t=2585

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

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.

Attachment:
122414-Key-Price-Action-Markets.png
122414-Key-Price-Action-Markets.png [ 1.41 MiB | Viewed 302 times ]

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

1:15 pm: [BRIEFING.COM] The stock market had the rug pulled out from under it as the Christmas Eve session headed for the close. The S&P 500 ended flat after surrendering a five-point gain while the Nasdaq Composite (+0.2%) outperformed.

Equity indices started with slim gains and inched higher into the afternoon amid light volume, before a wave of selling interest knocked the indices from their highs. Only 340 million shares changed hands at the NYSE floor, which was a far cry from the average full session total of about 826 million.

Only three sectors finished in the green while energy (-0.8%) played the role of Grinch. The growth-sensitive group could not make it into positive territory as crude oil weighed. The energy component fell 3.6% to $55.08/bbl with a larger than expected inventory build contributing to the weakness.

The benchmark index was kept from following the energy sector into the red by the relative strength in the heavily-weighted health care space (+0.7%). The countercyclical group erased a portion of yesterday's decline and narrowed its week-to-date loss to 2.7% with biotechnology powering the move. The iShares Nasdaq Biotechnology ETF (IBB 299.80, +5.12) spiked 1.7% and reclaimed its 50-day moving average after settling below that level yesterday. Furthermore, the high-beta group was partially responsible for the outperformance of the Nasdaq.

The tech-heavy index owed some of its strength to chipmakers as the PHLX Semiconductor Index added 0.2%. For its part, the broader technology sector (-0.1%) ended just behind the market amid mixed performance in top-weighted listings. Apple (AAPL 112.01, -0.53), Google (GOOGL 536.93, -1.84), and Microsoft (MSFT 48.14, -0.31) lost between 0.3% and 0.6% while Cisco Systems (CSCO 28.30, +0.05), Oracle (ORCL 46.16, +0.15) and Qualcomm (QCOM 74.66, +0.06) posted gains between 0.1% and 0.3%.

Elsewhere among cyclical sectors, industrials (+0.1%) eked out a slim gain while consumer discretionary (-0.2%) and financials (-0.2%) lagged.

On the countercyclical side, the consumer staples sector ended lower by 0.2% while the utilities sector (+1.8%) ended in the lead.

Treasuries climbed into the green as the session neared the end with the 10-yr yield slipping one basis point to 2.26%.

Economic data was limited to initial claims and the MBA Mortgage Index:

Weekly initial claims fell to 280,000 from an unrevised 289,000 while the Briefing.com consensus expected an increase to 290,000
Layoff activities have stabilized and claims are holding firmly below 300,000, which is a level that is normally associated with an economy at, or near, full employment
Continuing claims increased to 2.403 million from an upwardly revised 2.378 million for the week ending December 6 while the consensus expected a decline to 2.358 million
The weekly MBA Mortgage Index increased 0.9% to follow last week's 3.3% decline

Bond and equity markets will be closed tomorrow, but they will reopen for a full session on Friday. With Christmas Day on the horizon, we at Briefing.com would like to send along warm holiday wishes to all our readers and their families.

Nasdaq Composite +14.3% YTD
S&P 500 +12.6% YTD
Dow Jones Industrial Average +8.8% YTD
Russell 2000 +3.6% YTD

12:30 pm: [BRIEFING.COM] The S&P 500 trades higher by 0.2% with the session heading into the home stretch. The benchmark index enters the last 30 minutes of action on its high, but behind other indices like the Dow (+0.3%), Nasdaq (+0.3%), and Russell 2000 (+0.4%).

Going into this week's final session on Friday, the Dow is tracking a week-to-date gain of 1.6% while the Russell 2000 and S&P 500 follow with both indices up 0.8% since last Friday. The Nasdaq has shown relative strength today, but remains behind other indices with a week-to-date advance of 0.3%.

Elsewhere, Treasuries have returned near their flat lines with the 10-yr yield narrowing its increase to one basis point at 2.27%.

12:05 pm: [BRIEFING.COM] The stock market so far has exhibited a positive bias this Christmas Eve (as if it would do anything otherwise, right?). The gains are modest in scope and they have been achieved despite a weak showing from the energy sector (-1.0%), which is tangling once again with some bearish inventory data and lower crude oil (-2.2% at $55.85/bbl) and natural gas prices (-2.8% at $3.08/btu).

Notably, the Russell 2000 (+0.5%), which is the domain of small-cap companies, is outperforming today. Actually, it has outperformed noticeably this month, up 3.0% versus 0.9% for the S&P 500.

The performance gap is giving rise to assumptions that the so-called "January Effect" is back in swing. That euphemism is used to describe a period in which the small-cap issues have often (but not always) outperformed large-cap issues through the years beginning in January. As that phenomenon became better known, the Stock Traders Almanac notes that the outperformance more recently has started to occur around the middle of December in anticipation of rebounds following tax-loss selling.

Separately, the $29 billion 7-yr note auction was disappointing, drawing a high yield of 2.125% on a bid-to-cover ratio of 2.39 that trailed the prior 12-auction average of 2.56.

11:25 am: [BRIEFING.COM] Not much change in the major averages as they continue hovering near their highs. The Nasdaq Composite (+0.4%) leads while the S&P 500 (+0.2%) has not been able to keep up due to relative weakness in commodity-related sectors like energy (-1.2%) and materials (-0.2%).

Including today's decline, the energy sector finds itself back in negative territory for the week. The growth-sensitive group is lower by 0.8% since last Friday while only one other sector-health care-sits in the red for the week. The top-weighted countercyclical group remains lower by 2.2% for the week despite today's solid 1.1% spike.

On a separate note, market breadth at the NYSE continues favoring the bulls with about 1.2 listings trading higher for each decliner.

10:55 am: [BRIEFING.COM] Equity indices hover near their best levels of the session with the S&P 500 (+0.2%) trailing the Nasdaq (+0.4%) and Russell 2000 (+0.5%) due to the continued weakness in the energy sector (-1.4%).

However, the underperformance of energy stocks has not stopped the S&P 500 from building on its opening gain as seven sectors trade in the green.

Most notably, the health care sector, which represents more than 13.0% of the entire market, trades higher by 1.1% while the utilities space (+1.6%) represents the only other group with a gain larger than 0.3%.

Treasuries continue hovering just above their lows with the 10-yr yield higher by three basis points at 2.29%.

10:45 am: [BRIEFING.COM]

Shortly after U.S. markets closed yesterday, API oil inventory data was released, reporting a build of 5.4 million barrels.
This sent WTI crude oil futures trading lower to around $56.50/barrel (Feb crude closed at $57.09/barrel yesterday, up $1.71).
This morning, crude oil extended those losses ahead of the weekly EIA storage
Following the oil data crude fell even further and is now -3.2% at $55.28/barrel
Jan nat gas extended lower in recent trade as well and is now -2.5% at $3.09/barrel
Metals are mixed with Feb gold -0.4% at $1173.90/oz, Mar silver -0.2% as $15.73/oz and Mar copper -0.6% at $2.85/lb

9:55 am: [BRIEFING.COM] The S&P 500 (+0.1%) continues hovering near its opening level while the Nasdaq Composite (+0.4%) has built on its opening gain thanks to the relative strength in the biotech space.

The iShares Nasdaq Biotechnology ETF (IBB 300.51, +5.83) is higher by 2.0% after losing more than 7.0% in the first two sessions of the week. The Nasdaq has also benefitted from not containing any energy-related stocks. The energy sector is lower by 1.2%, which is pressuring the S&P 500. Meanwhile, Dow components Chevron (CVX 112.47, -1.48) and ExxonMobil (XOM 93.48, -1.11) are both down near 1.3%.

9:40 am: [BRIEFING.COM] As expected, the major averages began the day on a higher note with the Dow, Nasdaq, and S&P 500 showing opening gains close to 0.2% apiece.

Eight of ten sectors started in positive territory while the energy sector (-1.0%) began in the red amid weakness in crude oil. The energy component sits near its worst level of the day, trading lower by 2.5% at $55.63/bbl.

On the upside, the utilities sector (+1.4%) trades ahead of the rest of the pack while another countercyclical sector-health care-also displays early strength. The sector is higher by 0.5% after tumbling 2.2% yesterday. Biotechnology has contributed to the early strength despite showing pre-market weakness. The iShares Nasdaq Biotechnology ETF (IBB 297.53, +2.85) is higher by 1.0%.

Treasuries remain in the red with the 10-yr yield up two basis points at 2.29%.

9:09 am: [BRIEFING.COM] S&P futures vs fair value: +4.10. Nasdaq futures vs fair value: +5.70. The stock market is on track for a higher open as futures on the S&P 500 trade four points above fair value.

Index futures respected narrow ranges throughout the night and it would not be surprising to see range-bound action continue after the opening bell with the session scheduled to end at 13:00 ET. Investors did not receive any noteworthy corporate reports this morning, but the biotech space is likely to receive some attention once again as Amgen (AMGN 156.00, -1.52), Celgene (CELG 104.51, -1.61), and Biogen Idec (BIIB 333.05, -2.71) hold pre-market losses between 0.8% and 1.2%. The iShares Nasdaq Biotechnology ETF (IBB 292.13, -2.55) is indicated to open lower by 0.9%.

Treasuries have slipped from their overnight highs and they currently hover near lows. The 10-yr yield is higher by almost three basis points at 2.29%.

8:57 am: [BRIEFING.COM] S&P futures vs fair value: +4.10. Nasdaq futures vs fair value: +4.50. The S&P 500 futures trade four points above fair value.

Markets finished mixed across Asia.

In economic data:
Australia's CB Leading Index slipped 0.2% month-over-month (previous -0.6%)
South Korea's Consumer Confidence ticked down to 102 from 103
Malaysia's unemployment rate held at 2.7%

------

Japan's Nikkei climbed 1.2%, rallying for the fifth day in a row. Sony jumped 4.0% in response to the news it will go ahead with its Christmas Day release of The Interview.
Hong Kong's Hang Seng added 0.1%, but was unable to reclaim the 200-day average. Heavily beaten down casino space led the way as Galaxy Entertainment and Sands China rallied 3.8% and 3.1%, respectively.
China's Shanghai Composite lost 2.0% as part of its second day of heavy selling. Brokerage firms were pressured as Citic Securities and Haitong Securities both tumbled 9.1% as concerns over margin trading lingered.
India's Sensex lost 1.1% amid the expiration of futures contracts. Utilities led the decline as GAIL India and Bharat Heavy Electric shed 2.9% and 2.7%, respectively.

In Europe, France's CAC (-0.4%), Spain's IBEX (-0.1%), and UK's FTSE (+0.3%) closed early while Germany's DAX and Italy's MIB stayed closed throughout the day. In news, Germany's HeidelbergCement sold its North American/UK building products division for about $1.40 billion.

Economic data was limited:
Swiss KOF Leading Indicators ticked down to 98.7 from 98.9 (expected 99.3)

------

UK's FTSE rose 0.2% with Smith & Nephew in the lead. The stock spiked 7.7% amid speculation Stryker will bid for the UK healthcare name. Miners lagged with BHP Billiton and Randgold Resources falling 1.0% and 2.1%, respectively.
France's CAC lost 0.4% as all but three names finished in the red. Alstom and L'Oreal ended among the laggards, down 0.8% and 0.9%, respectively. BNP Paribas outperformed, climbing 0.4%.
Spain's IBEX shed 0.1%. Bank shares were mixed with Santander falling 0.4% while Bankia gained 0.3%.

8:31 am: [BRIEFING.COM] S&P futures vs fair value: +4.10. Nasdaq futures vs fair value: +6.20. The S&P 500 futures trade four points above fair value.

The latest weekly initial jobless claims count totaled 280,000 while the Briefing.com consensus expected a reading of 290,000. Today's tally was below the unrevised prior week count of 289,000. As for continuing claims, they rose to 2.403 million from 2.378 million.

7:58 am: [BRIEFING.COM] S&P futures vs fair value: +3.60. Nasdaq futures vs fair value: +5.00. U.S. equity futures have backed away from their overnight highs, but they continue holding modest gains. The S&P 500 futures hover four points above fair value after maintaining a narrow range throughout the night.

Today's session is expected to be very quiet considering many participants are away for Christmas. The trading day will end at 13:00 ET and volume is not expected to come anywhere near the 50-day average of 838 million shares.

Treasuries hold modest losses with the 10-yr yield higher by a basis point at 2.27%.

The weekly MBA Mortgage Index increased 0.9% to follow last week's 3.3% decline.

Weekly initial claims will be reported at 8:30 ET (Briefing.com consensus 290K).

In U.S. corporate news of note:

Facebook (FB 80.88, +0.27): +0.3% after announcing NFL-licensed video clips will begin appearing on the site

Reviewing overnight developments:

Asian markets ended mixed. Japan's Nikkei +1.2%, Hong Kong's Hang Seng +0.1%, and China's Shanghai Composite -2.0%
In economic data:
Australia's CB Leading Index slipped 0.2% month-over-month (previous -0.6%)
South Korea's Consumer Confidence ticked down to 102 from 103
In news:
The slide in China was paced by financials after China Banking Regulatory Commission reported an increase in the non-performing loan ratio

Major European indices trade mixed. France's CAC -0.3%, UK's FTSE +0.3%, and Germany's DAX is closed for Christmas Eve. Elsewhere, Spain's IBEX is flat and Italy's MIB is closed
Economic data was limited:
Swiss KOF Leading Indicators ticked down to 98.7 from 98.9 (expected 99.3)
Among news of note:
Germany's HeidelbergCement sold its North American/UK building products division for about $1.40 billion

7:23 am: [BRIEFING.COM] S&P futures vs fair value: +2.90. Nasdaq futures vs fair value: +3.70.

7:23 am: [BRIEFING.COM] Nikkei...17854.23...+219.10...+1.20%. Hang Seng...23349.34...+15.70...+0.10%.

7:23 am: [BRIEFING.COM] FTSE...6607.24...+9.10...+0.10%. DAX...Holiday.........

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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