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=164Business 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 [ 82.64 KiB | Viewed 260 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 @
CMEGroupEuroFX 6E Futures: 1 tick or 0.0001 = $12.50 dollars and there's more contract information @
CMEGroupS&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.
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 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).
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:
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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 plungeChina 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 greedShares 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. Best Regards,
M.A. Perry
Trader and Founder of
WRB Analysis (wide range body/bar analysis)
@ http://twitter.com/wrbtrader @ http://stocktwits.com/wrbtraderhttp://www.thestrategylab.com Phone: +1 708 572-4885
Business Hours: 8am - 5pm est (Mon - Fri)
Skype Messenger: kebec2002
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