Comments on: Interesting Intraday Rounded Reversal in GLD Sept 30 http://blog.afraidtotrade.com/interesting-intraday-rounded-reversal-in-gld-sept-30/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 14:53:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: One of the Best Intraday SPY Rounded Reversal Examples | Penny Stock Trading System Blog http://blog.afraidtotrade.com/interesting-intraday-rounded-reversal-in-gld-sept-30/comment-page-1/#comment-211347 One of the Best Intraday SPY Rounded Reversal Examples | Penny Stock Trading System Blog Sun, 22 Nov 2009 18:52:07 +0000 http://blog.afraidtotrade.com/?p=4698#comment-211347 [...] September 30:  Interesting Intraday Example of Rounded Reversal in GLD [...] [...] September 30:  Interesting Intraday Example of Rounded Reversal in GLD [...]

]]> By: One of the Best Intraday SPY Rounded Reversal Examples | Afraid to Trade.com Blog http://blog.afraidtotrade.com/interesting-intraday-rounded-reversal-in-gld-sept-30/comment-page-1/#comment-211335 One of the Best Intraday SPY Rounded Reversal Examples | Afraid to Trade.com Blog Sat, 21 Nov 2009 16:26:44 +0000 http://blog.afraidtotrade.com/?p=4698#comment-211335 [...] September 30:  Interesting Intraday Example of Rounded Reversal in GLD [...] [...] September 30:  Interesting Intraday Example of Rounded Reversal in GLD [...]

]]> By: Corey Rosenbloom, CMT http://blog.afraidtotrade.com/interesting-intraday-rounded-reversal-in-gld-sept-30/comment-page-1/#comment-213249 Corey Rosenbloom, CMT Thu, 01 Oct 2009 00:25:20 +0000 http://blog.afraidtotrade.com/?p=4698#comment-213249 Hey Ken,<br><br>Good point! <br><br>This low volume and large moves is just driving me crazy! I'm sure others feel the same way.<br><br>As strange as it is, lower volume environments can result in larger swings due to lack of participation or lack of the other 'side' to stop the positive feedback (virtuous/vicious cycle) that comes from extended moves (new buyers leads to old shorts buying to cover leads to new buyers, etc).<br><br>I have a few theories, but it mainly comes down to in an environment with lower volume, "bigger players" can move prices faster since there's fewer souls to take the other side of the trade. <br><br>As to why there's lower volume, I'm at a loss. We should be seeing a pick-up as people return from the Summer. Hey Ken,

Good point!

This low volume and large moves is just driving me crazy! I'm sure others feel the same way.

As strange as it is, lower volume environments can result in larger swings due to lack of participation or lack of the other 'side' to stop the positive feedback (virtuous/vicious cycle) that comes from extended moves (new buyers leads to old shorts buying to cover leads to new buyers, etc).

I have a few theories, but it mainly comes down to in an environment with lower volume, “bigger players” can move prices faster since there's fewer souls to take the other side of the trade.

As to why there's lower volume, I'm at a loss. We should be seeing a pick-up as people return from the Summer.

]]> By: Ken http://blog.afraidtotrade.com/interesting-intraday-rounded-reversal-in-gld-sept-30/comment-page-1/#comment-213248 Ken Thu, 01 Oct 2009 00:20:53 +0000 http://blog.afraidtotrade.com/?p=4698#comment-213248 Speaking of volume Corey, it looks like the SPY is in a consolidation zone currently, and usually that means volume dies down as traders become complacent with the status quo...however it looks like price action is fast and furious in our current market conditions. What are your thoughts on whats going on?<br><br>Thanks Corey, I always appreciate your analyses Speaking of volume Corey, it looks like the SPY is in a consolidation zone currently, and usually that means volume dies down as traders become complacent with the status quo…however it looks like price action is fast and furious in our current market conditions. What are your thoughts on whats going on?

Thanks Corey, I always appreciate your analyses

]]> By: Corey Rosenbloom, CMT http://blog.afraidtotrade.com/interesting-intraday-rounded-reversal-in-gld-sept-30/comment-page-1/#comment-213251 Corey Rosenbloom, CMT Wed, 30 Sep 2009 22:57:23 +0000 http://blog.afraidtotrade.com/?p=4698#comment-213251 I do like to show volume charts overlaid at the bottom in StockCharts, but in this case I chose not to because the volume bars obscured the point I was trying to make about the candles that formulated the Rounded Reversal. I do like to show volume charts overlaid at the bottom in StockCharts, but in this case I chose not to because the volume bars obscured the point I was trying to make about the candles that formulated the Rounded Reversal.

]]> By: Corey Rosenbloom, CMT http://blog.afraidtotrade.com/interesting-intraday-rounded-reversal-in-gld-sept-30/comment-page-1/#comment-213252 Corey Rosenbloom, CMT Wed, 30 Sep 2009 22:56:19 +0000 http://blog.afraidtotrade.com/?p=4698#comment-213252 Hey Dominick,<br><br>Good question. Yes, I'll often look at volume, but I don't give it too terribly much significance unless I see a spike. Intraday, volume has a "smile" (high in the morning, low at lunch, high into close) so you can't use it as much in terms of "divergences" like you can on daily charts. I'm more interested in aberrations from the normal pattern (smile) and tend to find price action and the indicators I mention as more useful. <br><br>Maybe it's just me, but I find direct trading signals from volume to be few and far between, and then when the signals are there, there's usually other indicators saying the same thing, so volume is just one piece of the puzzle. Hey Dominick,

Good question. Yes, I'll often look at volume, but I don't give it too terribly much significance unless I see a spike. Intraday, volume has a “smile” (high in the morning, low at lunch, high into close) so you can't use it as much in terms of “divergences” like you can on daily charts. I'm more interested in aberrations from the normal pattern (smile) and tend to find price action and the indicators I mention as more useful.

Maybe it's just me, but I find direct trading signals from volume to be few and far between, and then when the signals are there, there's usually other indicators saying the same thing, so volume is just one piece of the puzzle.

]]> By: Dominick http://blog.afraidtotrade.com/interesting-intraday-rounded-reversal-in-gld-sept-30/comment-page-1/#comment-213250 Dominick Wed, 30 Sep 2009 22:53:33 +0000 http://blog.afraidtotrade.com/?p=4698#comment-213250 Hello Corey, One quick question. Do you use volume when trading live intraday or are you primarily using price action, the 310, and the other indicatiors you post on? I don't usually see a volume indicator on the intraday posts.<br>Thanks. Hello Corey, One quick question. Do you use volume when trading live intraday or are you primarily using price action, the 310, and the other indicatiors you post on? I don't usually see a volume indicator on the intraday posts.
Thanks.

]]> By: Corey Rosenbloom, CMT http://blog.afraidtotrade.com/interesting-intraday-rounded-reversal-in-gld-sept-30/comment-page-1/#comment-210537 Corey Rosenbloom, CMT Wed, 30 Sep 2009 19:25:20 +0000 http://blog.afraidtotrade.com/?p=4698#comment-210537 Hey Ken,<br><br>Good point! <br><br>This low volume and large moves is just driving me crazy! I'm sure others feel the same way.<br><br>As strange as it is, lower volume environments can result in larger swings due to lack of participation or lack of the other 'side' to stop the positive feedback (virtuous/vicious cycle) that comes from extended moves (new buyers leads to old shorts buying to cover leads to new buyers, etc).<br><br>I have a few theories, but it mainly comes down to in an environment with lower volume, "bigger players" can move prices faster since there's fewer souls to take the other side of the trade. <br><br>As to why there's lower volume, I'm at a loss. We should be seeing a pick-up as people return from the Summer. Hey Ken,

Good point!

This low volume and large moves is just driving me crazy! I'm sure others feel the same way.

As strange as it is, lower volume environments can result in larger swings due to lack of participation or lack of the other 'side' to stop the positive feedback (virtuous/vicious cycle) that comes from extended moves (new buyers leads to old shorts buying to cover leads to new buyers, etc).

I have a few theories, but it mainly comes down to in an environment with lower volume, “bigger players” can move prices faster since there's fewer souls to take the other side of the trade.

As to why there's lower volume, I'm at a loss. We should be seeing a pick-up as people return from the Summer.

]]> By: Ken http://blog.afraidtotrade.com/interesting-intraday-rounded-reversal-in-gld-sept-30/comment-page-1/#comment-210536 Ken Wed, 30 Sep 2009 19:20:53 +0000 http://blog.afraidtotrade.com/?p=4698#comment-210536 Speaking of volume Corey, it looks like the SPY is in a consolidation zone currently, and usually that means volume dies down as traders become complacent with the status quo...however it looks like price action is fast and furious in our current market conditions. What are your thoughts on whats going on?<br><br>Thanks Corey, I always appreciate your analyses Speaking of volume Corey, it looks like the SPY is in a consolidation zone currently, and usually that means volume dies down as traders become complacent with the status quo…however it looks like price action is fast and furious in our current market conditions. What are your thoughts on whats going on?

Thanks Corey, I always appreciate your analyses

]]> By: Corey Rosenbloom, CMT http://blog.afraidtotrade.com/interesting-intraday-rounded-reversal-in-gld-sept-30/comment-page-1/#comment-210532 Corey Rosenbloom, CMT Wed, 30 Sep 2009 17:57:23 +0000 http://blog.afraidtotrade.com/?p=4698#comment-210532 I do like to show volume charts overlaid at the bottom in StockCharts, but in this case I chose not to because the volume bars obscured the point I was trying to make about the candles that formulated the Rounded Reversal. I do like to show volume charts overlaid at the bottom in StockCharts, but in this case I chose not to because the volume bars obscured the point I was trying to make about the candles that formulated the Rounded Reversal.

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