TheStrategyLab.com Price Action Trading Support Forum

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)


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

Price Action Trade Performance for Today: Emini TF ($TF_F) futures @ $2,050.00 dollars or +20.50 points, Emini ES ($ES_F) futures @ $0.00 dollars or +00.00 points, Light Crude Oil CL ($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 @ $2,050.00 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 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=136&t=1937


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.

##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

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

Trading Plan Daily Routine @ http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=250&t=2561

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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.


click on the above image to view today's Emini TF futures price action

U.S. Stocks Rise With Gold as Yen Slips, Oil Extends Drop

By Stephen Kirkland and Jeremy Herron Nov 18, 2014 4:28 PM ET

U.S. stock indexes climbed to records as health-care shares rallied and materials producers gained with gold, while crude oil extended declines. The yen slipped after Japan’s prime minister called an early election and postponed an increase to the nation’s sales tax.

The Standard & Poor’s 500 Index rose 0.5 percent to close at 2,051.80 in New York, its biggest gain since Nov. 5, while the Dow Jones Industrial Average added 0.2 percent, also reaching a record. The Stoxx Europe 600 Index advanced 0.6 percent, and the euro strengthened 0.7 percent. The yen declined against all but two of its 16 major counterparts as futures on the Nikkei 225 Stock Average climbed in Chicago. Gold futures jumped 1.1 percent while crude retreated for a second day.

Nine of the 10 main S&P 500 groups advanced amid the index’s first move of more than 0.1 percent in six days. Medtronic Inc. and Actavis Plc drove gains among health-care companies. U.S. wholesale prices unexpectedly rose, while German investor confidence climbed for the first time in 11 months. Prime Minister Shinzo Abe put off the sales-tax boost for 18 months and said parliament will be dissolved Nov. 21 after data this week signaled Japan has entered a recession.

“Consumer and investor sentiment is pretty positive at the moment,” Omar Aguilar, the San Francisco-based chief investment officer of equities at Charles Schwab Investment Management, said by phone. “We continue to see M&A as the topic of the day and U.S. economic data is suggesting really good stability.”

Company Earnings

The S&P 500 has rebounded more than 10 percent from a six- month low reached Oct. 15, with today’s gain marking its ninth advance in 10 straight sessions. The U.S. equity benchmark trades at 17 times the projected member earnings, the highest valuation since 2009. Volume in S&P 500 stocks was 19 percent below the 30-day average today.

Among stocks moving, Home Depot Inc. slid 2.1 percent after the world’s largest home-improvement chain reported earnings per share that topped analyst estimates, while leaving its forecasts for profit unchanged. Newmont Mining Corp. and Mosaic Co. rallied at least 3.3 percent to lead materials shares in the S&P 500 to a 1.1 percent gain. Health-care stocks were the biggest gainers, with the group up 1.6 percent.

About 79 percent of the S&P 500 companies that have reported earnings this season have beaten analyst estimates for profit, while 59 percent exceeded sales projections, data compiled by Bloomberg show. TJX Cos., Target Corp. and Lowe’s Cos. are among companies reporting earnings this week.

Economic Data

“The market will be all about retail earnings,” Michael James, a Los Angeles-based managing director of equity trading at Wedbush Securities Inc., said by phone. “How did the third quarter shape up and what are the guidance expectations?”

A U.S. government report today showed wholesale prices unexpectedly increased 0.2 percent in October as higher costs for services and food outweighed a slump in energy. Investors are watching reports on inflation to hiring and growth to determine the timeline for Federal Reserve action on interest rates. The Fed releases minutes from its Oct. 29 meeting tomorrow.

The yen weakened 0.2 percent to 116.87 per dollar in a fourth day of losses, and slipped 0.9 percent to 146.47 per euro, after touching 146.70, its weakest intraday level since October 2008. Nikkei 225 futures jumped 1.4 percent to 17,430 on the Chicago Mercantile Exchange after contracts traded in Osaka slipped 0.1 percent to 17,340 by 3 a.m. local time. The Nikkei 225 gauge surged 2.2 percent in the Tokyo session.

Chemical Stocks

Abe, who didn’t give an election date when he spoke to reporters in Japan, has called the snap ballot in a bid to extend his term and salvage his policy program, dubbed Abenomics. The first sales-tax increase in April led to a stagnation in consumer spending and is being blamed for the economy’s second straight contraction in the third quarter. Abe is less than two years into his four-year term.

In Europe, almost five stocks gained each that declined in the Stoxx 6O0 as all but three of 19 industry groups advanced. Chemical companies and automakers rose the most, with BASF SE adding 2.4 percent and K+S AG gaining 2.2 percent.

The ZEW Center for European Economic Research’s index of investor and analyst expectations, which aims to predict economic developments six months in advance, increased to 11.5 in November from minus 3.6 in October, data today showed.

The Hang Seng China Enterprises Index of mainland Chinese shares traded in Hong Kong sank 1.2 percent and the Shanghai Composite Index slipped 0.7 percent. Property prices dropped in 69 of 70 Chinese cities in October from September, the country’s government statistician said today. That’s the same as in September, which was the most since January 2011 when China’s government changed the way it compiles the data.

Hong Kong

Hong Kong Exchanges & Clearing Ltd. declined 2.4 percent after sliding 4.5 percent yesterday as mainland investors failed to use up their quota for buying Hong Kong shares after the start of a Hong Kong-Shanghai stock link. About 60 percent of the daily allowance for purchases of Shanghai shares from Hong Kong remained unused today after being exhausted yesterday.

Gold futures for December delivery advanced to a two-week high, touching above $1,200 an ounce before settling at $1,197.10, amid speculation the European Central Bank may purchase assets including bullion to counter slowing inflation. Silver futures climbed 0.7 percent to $16.17 an ounce on the Comex.

West Texas Intermediate crude for December delivery dropped 1.4 percent to $74.61 a barrel in New York, while Brent oil slipped 1.1 percent in London to $78.47 per barrel amid speculation OPEC will agree to cut oil production at its meeting next week. in London.

Venezuela, a member of the Organization of Petroleum Exporting Countries, met with Russia to discuss ways to support oil prices, the foreign ministry in Caracas said yesterday. OPEC, responsible for about 40 percent of global supply, will discuss output at a Nov. 27 meeting in Vienna.

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/wrbtrader

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