Disqus - Latest Comments for coreyrosenbloom

Re: Five Insights Only Monthly Charts Can Reveal to You

Corey Rosenbloom, CMT — Wed, 31 Dec 2014 13:57:36 -0000

Steve, Oh I totally agree - that was a fact that surprised me from the study. In real-time, they were terrible and seemed like they would last forever but the early 2000 bear market lasted about 2.5 years and the most recent end of 2000 bear market was roughly 1.5 years.

Put in the light of a 30+ year trend chart, these are tiny fractions of time in the broader trend (which is why perspective is important).

Re: Does a Lower Priced Trading Computer Mean You are Sacrificing Speed or Performance?

Corey Rosenbloom, CMT — Fri, 14 Nov 2014 12:39:03 -0000

Jim,

Thank you for sharing your comments and I appreciate your contribution.

I would have preferred you omit the personal comments but do value your input into the discussion. There is indeed a lot to consider when selecting a dedicated computer and I've been communicating with the folks at EZ Trading computers for a few months now and am very careful with my affiliate relationships and thought this would be helpful to share. My sincerest apologies if it is not.

Corey

Re: April Pullback Retracement Play in Facebook FB

Corey Rosenbloom, CMT — Tue, 01 Apr 2014 15:15:14 -0000

I'm focusing neither on the bull or bear side but the possible inflection or pivot price as highlighted. Try to remain objective.

Re: Top Trending Stocks and Sector Snapshot for March 14

Corey Rosenbloom, CMT — Fri, 14 Mar 2014 13:51:22 -0000

The new scan grid is a custom page in Excel I created from data pulled from TradeStation (RadarScreen) and the stock screen is from a custom formula/function also in TradeStation.

Re: Quick Strategy Test of Keltner Channel Buy or Fade Breakout Trades

Corey Rosenbloom, CMT — Tue, 17 Dec 2013 01:35:00 -0000

Adam,

It didn't test out as well in the brief run-through I did.

I'll do similar research and post those results as well. Thank you for the inspiration!

Re: Did Stop Losses Help or Hurt the Simple Keltner Channel Breakout Strategy

Corey Rosenbloom, CMT — Mon, 16 Dec 2013 19:02:36 -0000

Elson,

Thank you for your comment. I used the default Keltner Channel Strategy that (I believe) is part of TradeStation itself (I didn't program it). I did alter the parameters of the default "Keltner Channel Long Entry" (Keltner Channel LE) strategy to 20 (period look-back for the ATR) and 2 (value of the ATR).

I'm getting back into strategy testing - I've been inspired in the past by the work of Dr. Steenbarger, particularly with respect to his research on the intraday TICK. He used Excel mostly, not TradeStation.

Also, I used the Optimization function in TradeStation for the "sell N days later" which was the Time Stop Long Exit strategy in TradeStation. The Dollar Stop Loss I believe also is default. Simply run an optimize function in the "format strategy" tab with respect to the value of the stop loss and/or the days to hold a trade (I suggest running them separately).

Re: 3D DDD Gives Another Example of the Risky Parabolic Arc Pattern

Corey Rosenbloom, CMT — Wed, 20 Nov 2013 17:21:00 -0000

Indeed - I've seen it and traded these types of patterns intraday. History tends to repeat because people tend to make the same mistakes and respond the same way when presented with similar stimuli - and it shows up pictorially on the charts. Thanks for you comment!

Re: Quick November Scan for Strong Channel Trending Stocks in the SP500

Corey Rosenbloom, CMT — Wed, 13 Nov 2013 14:32:10 -0000

Depending on your trading style: factors of volume, oscillators, moving averages, deeper relative strength or sector/industry comparison, or even fundamental analysis for longer-term trades.
Scans are meant to draw attention to stocks that we may not otherwise have seen as potential trading candidates.

Re: Chipotle CMG Breakouts Earnings and Persistent Rallies

Corey Rosenbloom, CMT — Tue, 22 Oct 2013 11:21:35 -0000

That's true! But just compare the week-over-week non-stop gains as seen in Chipotle - those are quite rare indeed.

Re: A Quick Warning from October 15 Divergent Market Internals

Corey Rosenbloom, CMT — Tue, 15 Oct 2013 12:15:05 -0000

Indeed!

The market continues to be focused on headlines from Washington DC so in the rare event a compromise/solution is reached, one would expect a strong upside news-fueled rally no matter what divergences or other indicators suggest.
Thank you for your comment.

Re: Hewlett Packard HPQ and the Curious Case of the Bearish Rising Wedge Pattern

Corey Rosenbloom, CMT — Thu, 05 Sep 2013 22:57:49 -0000

The 3/10 measures the difference in a 3 and 10 period simple moving average, both of which are affected by a large gap (it does skew the value with a large spike as seen on the chart). Gaps - like normal spikes in the oscillator - serve as a confirmation of a move in motion.

Also, yes I eliminate the signal line to focus solely on the 3/10 differential to emphasize the confirmation or non-confirmation (divergences) with price. I don't use the 3/10 for trading signals or cross-overs.

Re: Hewlett Packard HPQ and the Curious Case of the Bearish Rising Wedge Pattern

Corey Rosenbloom, CMT — Thu, 05 Sep 2013 22:56:09 -0000

Thank you!

Re: Netflix NFLX Challenges All Time Highs with Wedge and Divergences

Corey Rosenbloom, CMT — Thu, 05 Sep 2013 22:55:46 -0000

Indeed! That's exactly the right way to look at it - objective and aware of the potential of a bull trap and reversal. Thank you for sharing!

Re: Support Bounce and Bear Traps for India NIFTY Index

Corey Rosenbloom, CMT — Tue, 03 Sep 2013 12:32:57 -0000

Thank you Gourav for your support and I'm always up for requests.

Re: Trading Weekly Options with John Carter

Corey Rosenbloom, CMT — Wed, 14 Aug 2013 23:15:43 -0000

Dirk,

Good catch! It may not be a full or year-long portfolio screen capture and I assume that John trades several accounts, not solely options (he's also known as a futures trader).

Re: Pay Attention to July 25 Intraday Market Internals

Corey Rosenbloom, CMT — Thu, 25 Jul 2013 18:24:47 -0000

Thank you! I created them in TradeStation.

Re: Strategy Planning at Key Inflection Zone for Amazon AMZN

Corey Rosenbloom, CMT — Tue, 28 May 2013 16:15:59 -0000

Steven,

I used options when I switched over to the swing trading landscape in 2004/2005 but have opted for straight ETF or stock plays instead of using options (straight plays tended to be more profitable than option plays for me personally) but there's nothing at all wrong with applying an option strategy to a key inflection point on a chart. The straddle would be a great idea particularly when planning or trading a breakout of a low volatility price coil like a rectangle or preferably a triangle but I'm not sure it would be as profitable trading within the pattern itself but we can follow this and similar situations to test these ideas out.

Re: A Lesson on How a Failed Trade Can Forecast an Intraday Reversal

Corey Rosenbloom, CMT — Tue, 28 May 2013 16:12:04 -0000

David,

Thank you for reading and for your kind words. I'm glad you found the post helpful.

Re: A Lesson on How a Failed Trade Can Forecast an Intraday Reversal

Corey Rosenbloom, CMT — Tue, 28 May 2013 16:11:32 -0000

Matt,

You got it! One of my favorite trading sayings is "IF something should happen but does not, THEN it often leads to a larger than expected move in the opposite direction."

I think through experience, we all develop our own phrasing of this important concept. Thank you for sharing!

Re: A Lesson on How a Failed Trade Can Forecast an Intraday Reversal

Corey Rosenbloom, CMT — Tue, 28 May 2013 16:10:50 -0000

Hi David,

Excellent point and I debated addressing that in the post (but decided it was too long already).

Precisely - with an hourly or even 30 min chart, there were visual higher timeframe EMA (and Fibonacci) Confluence into the known 'round number' $164 level which resulted in buying pressure from higher timeframe traders watching that buy signal. It did conflict with the short-term (5-min) flag/sell signal and as we see the buyers overpowered the sellers, resulting in the 'failed' 5-min classic flag signal.

It's not a failed set-up from the 30-min chart but for 5-min or 1-min traders who didn't see the HTF structure - and that's perfectly fine (we can't see it all in real-time) - it did result in a failed valid trade. The lesson is the same - a failed lower frame trade means the supply/demand relationship is stronger than the chart is showing and it may very well be due to a higher frame reason (or fundamental reason beyond the charts).

Re: Rising Prices on Collapsing Internals for SP500 Breakout

Corey Rosenbloom, CMT — Mon, 13 May 2013 17:41:32 -0000

Brian,

One could make a full blog post from your comment! Thank you for sharing.

One lesser known axiom is that a market is showing persistent strength (strong supply/demand imbalance or feedback loop) when it continues to overcome evidence to the contrary, especially over-extensions, divergences, all that we're seeing now. This has happened many times and on many timeframes outside of QE/stimulus environments.

Market internals, like volume, are helpful for short-term traders looking to assess the odds of continuation or reversal of short-term and intraday trends. Sometimes the divergences are good for multi-day moves (April 15) or merely one-day moves (May 1).

I agree - adjust strategy and position sizing to the environment. With clearly contradictory signals, but you still want to trade the trend, do so on smaller timeframes, perhaps with smaller targets and tighter stops, and consider using a reduced position size.

Re: Chart Art SP500 Gann and Arcs July 28

Corey Rosenbloom, CMT — Sun, 10 Mar 2013 18:31:49 -0000

It is the Gann Fan standard drawing tool, not a custom indicator.

Re: Five Stable Trending Consumer Staples Stocks

Corey Rosenbloom, CMT — Mon, 11 Feb 2013 22:18:11 -0000

Yes, these would be reversal/breakdown candidates as well on a trigger/break but they likely won't fall as fast as higher beta names should the trends reverse.

Re: Watching Strange Intermarket Action on December 4 | Afraid to Trade.com Blog

Corey Rosenbloom, CMT — Wed, 05 Dec 2012 14:40:09 -0000

For quick blog posts, it's helpful to see more days for direct comparison on the lower frame charts by showing the day sessions and the gaps (eliminating overnight). It's emphasizing clarity but yes, the overnight sessions would eliminate the gaps by providing more data (but would need a higher timeframe to see the same day-to-day comparison).

Re: Watching Strange Intermarket Action on December 4 | Afraid to Trade.com Blog

Corey Rosenbloom, CMT — Wed, 05 Dec 2012 14:34:43 -0000

A weak dollar is logical given QE3 and the impasse on the "Fiscal Cliff" but if that were the case, gold would likely rally too. The dollar collapse scenario would strongly suggest much higher gold (and commodity) prices, so gold is the odd market out at least according to that logic (at the moment).