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 Post subject: January 6th Wednesday Trade Results - Profit $4625.00
PostPosted: Wed Jan 06, 2016 10:24 pm 
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Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4335
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)
wrbanalysis@gmail.com (24/7)
http://twitter.com/wrbtrader (24/7)

Attachment:
010616-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit+4625.00.png
010616-wrbtrader-Price-Action-Trading-PnL-Blotter-Profit+4625.00.png [ 96.58 KiB | Viewed 338 times ]

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

Price Action Trade Performance for Today: Emini TF ($TF_F) futures @ $0.00 dollars or +0.00 points, Emini ES ($ES_F) futures @ $4625.00 dollars or +92.50 points, Light Crude Oil CL ($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 @ $4625.00 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

Trade Log: All of my trades were posted real-time in the timestamp ##TheStrategyLab free 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=152&t=2260

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 Daily Trading Plan Routine @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=282&t=3016 contains brief information about trading plan, market context, brokers, trading time frames, position size management and other discussions.

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

Market Context Summaries

The below summaries by Bloomberg, Briefing, 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.

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


4:20 pm: [BRIEFING.COM] The major averages ended their midweek session sharply lower with the S&P 500 (-1.3%) registering its third consecutive decline as global markets responded to fresh international concerns and continued pressure in oil. The benchmark index settled just above its worst level of the day while the tech-heavy Nasdaq (-1.1%) outperformed.

The selloff in futures began during the Asian session even though the Shanghai Composite (+2.3%) was able to end its day in positive territory. This came on the heels of the People's Bank of China devaluing the yuan to its lowest level in five years against the dollar. Meanwhile, other Asian markets succumbed to continuing selling pressure after North Korea announced that it successfully carried out a hydrogen nuclear device test. The resulting force from the blast was equivalent to a 5.1 magnitude earthquake, but U.S. officials expressed doubt regarding the success of this trial. These two issues weighed heavily on European markets and helped to drive down oil prices from their overnight levels. Oil sunk further on the day following the weekly gasoline inventories that reported a build of 10.5 million barrels. WTI crude ended its pit session lower by 5.4% at $34.04/bbl.

Once the U.S. session began, the stock market gapped down, spending the late morning in a slow climb off its first-hour low; however, the rebound effort found resistance in the middle of today's trading range and stocks marked new lows in afternoon action. A slight rebound during the final hour helped the S&P 500 end the day eleven points above its low.

The late-afternoon dive to lows took place about 45 minutes after the release of the FOMC Minutes from the December meeting, which showed that it was generally agreed that liftoff conditions were met in December. Interestingly, that did not stop some members from voicing concerns about a "considerable" risk to the inflation outlook. Despite the December rate hike, the minutes struck a dovish tone, leading to renewed worries that the Fed may have embarked on a tightening path amid less-than-ideal macroeconomic conditions. Speaking of less-than-ideal macroeconomic conditions, the World Bank lowered its 2016 global growth forecast to 2.9% from 3.3%, blaming a slowdown in emerging markets for the downward adjustment.

Leading the downside energy (-3.6%), materials (-2.6%), telecom services (-1.7%), and financials (-1.6%) trailed while utilities (-0.2%), consumer staples (-0.3%), health care (-0.8%), and consumer discretionary (-1.0%) outperformed.

In the consumer discretionary space, Netflix (NFLX 117.68, +10.02) was able to climb above both its 100-day (111.30) and its 50-day (117.01) moving averages after the company announced that its services are now available in 190 countries. The company soared 9.3% today. Elsewhere in the space, Amazon (AMZN 632.65, -1.14) started the day in negative territory but quickly rose to its flat line within the first hour. The stock ended its day lower by 0.2% but outperformed the broader sector.

Switching to technology (-1.3%), sector heavyweights Apple (AAPL 100.70, -2.01) and Microsoft (MSFT 54.05, -1.00) trailed the market with respective losses of 2.0% and 1.8%. Apple confronted the $100.00 price level while near its low but was able to defend that position. Microsoft on the other hand ceded it 50-day moving average (54.45). Elsewhere, the high-beta chipmakers had a sub-par day evidenced by the PHLX Semiconductor Index sliding 2.8%.

Meanwhile in energy, Dow component Chevron (CVX 86.07, -3.54) paced the retreat in the broader sector with a 4.0% decline. Fellow Dow member Exxon Mobil (XOM 77.47, -0.65) was able to outperform the space despite the heavy loss in oil.

In Treasuries, the benchmark note ended the day near its high with the yield on the 10-yr lower by six basis points at 2.18%.

Today's participation was ahead of average as more than a billion shares changed hands at the NYSE floor.

Economic data included ADP Employment, Trade Balance, Factory Orders, and ISM Services:

The ADP Employment report pointed to the addition of 257,000 jobs in December while the Briefing.com consensus expected a reading of 190,000
The November Trade Balance report produced a positive headline surprise, showing the trade deficit narrowing to $42.40 billion (Briefing.com consensus $44.70 billion) from a downwardly revised $44.60 billion deficit in October (from -$43.90 billion)
However, the narrowing deficit was a byproduct of imports, which were $3.80 billion less than October, falling more than exports, which were $1.60 billion less than October
However, the narrowing deficit was a byproduct of imports, which were $3.80 billion less than October, falling more than exports, which were $1.60 billion less than October
Factory orders declined 0.2% in November, which was in-line with the Briefing.com consensus estimate
November marked the third decline in factory orders over the last four months
Excluding transportation, factory orders declined 0.3%
November marked the third decline in factory orders over the last four months
Excluding transportation, factory orders declined 0.3%
The ISM Services Index for December dipped to 55.3 from 55.9 in November, coming in below the Briefing.com consensus estimate, which was pegged at 56.4
December marked the 71st straight month of growth for the ISM Services Index. Conversely, the ISM Manufacturing Index was at 48.2 in December, which marked the first time since June-July 2009 that it has been below 50.0 in two consecutive months.
December marked the 71st straight month of growth for the ISM Services Index. Conversely, the ISM Manufacturing Index was at 48.2 in December, which marked the first time since June-July 2009 that it has been below 50.0 in two consecutive months.

Tomorrow's economic data will be limited to the Challenger Job Cut report, which will be released at 7:30 ET, and the weekly Initial Claims report (Briefing.com consensus 270k), which will cross the wires at 8:30 ET.

Special thanks to Bloomberg, Briefing, 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
wrbanalysis@gmail.com


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