What You’ll Get
The Complete Trading Course is the first book by Corey Rosenbloom (CMT), trading educator and author of the top stock market blog AfraidToTrade.com. This book organizes years of Corey’s daily stock analysis articles from AfraidToTrade.com, his training as as Certified Market Technician (CMT), and educational seminars into a focused course on price patterns, trade setups, trade strategies, trader psychology, and tactics to help execute your trades.
This book is written for anyone who wants to be or already uses technical analysis methods (i.e. focusing purely on the price) for their buying and selling decisions. Technical analysis is much like how most businesses analyze how they are doing: how much their products are selling for (price) and how many are being sold (volume). Thus, technical analysis starts with a chart (graph) of the stock, future, commodity, or forex you want to buy or sell, like businesses would show in a powerpoint presentation.
In The Complete Trading Course, Corey Rosenbloom takes you through
the very foundations of price, volume, and charts
all the most common technical analysis indicators to make sense of the chart data (price, volume) and buying and selling opportunities these indicators help you find
lessons on correctly applying analysis strategies to figure out where the stock is likely to go and how to plan your buys and sells around that information
trade setups to take advantage of when price patterns, indicators, and strategies provide favorable risk:reward trade opportunities
how to carry out your trade plan to profit from winning trades, manage your losses when trades go against you, when to take money off the table for winners and how
your own psychology of trading confidently and managing your emotions through the market ups and downs
advanced trade execution tactics to gain an edge, favorable risk to reward for the money you bet, and combining chart analysis and your goals to take advantage of opportunities, manage trades in real time, and exit trades properly and consistently like a well oiled business operation.
Instead of getting bogged down by the countless indicators and methods to begin with, Corey’s approach in writing this book focuses on the concepts and practical applications. The indicators, strategies, and methods are examples of how the basics of technical analysis are used. This allows the reader, after learning the lessons, to have the freedom to confidently explore other indicators and methods in the future instead of knowing only the examples used in the book.
Take a look at the table of contents below and you’ll find lessons for both new and experienced traders.
Table of Contents
PART I: FOUNDATION PRINCIPLES
Chapter 1: Supremacy of the Trend.
What is a Trend?
Methods for Defining Trends.
Pinpointing the Trend Reversal in 2009.
Chapter 2: Momentum’s Leading Edge.
The Science of Momentum.
Momentum in the Stock Market.
Gaps Reveal Momentum.
The Momentum Indicator.
The Rate of Change Indicator.
The 3/10 MACD Oscillator.
Where Momentum Is Strongest.
Chapter 3: Price Alternation Principle.
Defining the Principle.
Price Contraction Phase.
Price Expansion Phase.
Viewing the Market as Buyers and Sellers.
Choosing the Right Indicators.
PART II: STRATEGIES AND TOOLS
Chapter 4: Candlestick Charting.
Benefits of Using Candlestick Charts.
Construction of Candlestick Charts.
Basic Terms Used to Describe Candlesticks.
Three Trading Scenarios.
A Little Knowledge Goes a Long Way.
Chapter 5: Examining Price Patterns.
What Are Price Patterns?
Introduction to the Most Popular Patterns.
Head and Shoulders.
Inverse Head and Shoulders.
Using Price Patterns in the Real World.
Chapter 6: Fibonacci Tools.
What is Fibonacci in Trading?
How to Identify Fibonacci Retracement Confluence Zones.
The Multiple Uses of Fibonacci Tools.
Chapter 7: Following the Life Cycle of a Price Move.
Three Phases of a Large-scale Price Move.
Visualizing the Stages through Charts.
Ralph Elliott’s Wave Theory.
The Three Rules of Elliott Wave.
Elliott Waves Example: RIMM.
Final Tips for Applying the Life Cycle in Real Time.
PART III: EXECUTION AND TRADE SETUPS
Chapter 8: Edge, Expectancy, and Execution.
All About Edge.
Edging Out Your Expectancy.
Trade Execution Tactics.
Chapter 9: Four Basic Trade Set-ups.
Common Components of Every Trade.
How to Classify Trade Set-ups.
Mean Reversion Strategies.
Mean Departure Strategies.
Where Trades Fit in the Life Cycle.
Chapter 10: Specific Trade Set-ups for Today’s Markets.
The Cradle Trade.
The Impulse Buy and Impulse Sell Trade.
Using Multiple Timeframes to Enter an Impulse Buy Trade.
About the Author
Corey Rosenbloom Bio
Corey Rosenbloom, CMT, is a trader, trading coach, and founder of trading education site http://www.afraidtotrade.com, where he offers a variety of services and daily market analysis on stocks, futures, and commodities. He earned a master’s degree in political science and bachelor’s degree in psychology from the University of Alabama in Huntsville, Alabama. Corey Rosenbloom is a Chartered Market Technician (CMT) and is often invited to speak at trading conferences such as the MoneyShow Traders EXPO and online seminars (webinars) for sites such as Linda Raschke’s LBRGroup.com. His articles and analysis can be found on some of the largest financial and trading sites, such as greenfaucet.com, traderkingdom.com, moneyshow.com, dailymarkets.com, wallstreetcheatsheet.com, bestwaytoinvest.com, and others. His strategies have also appeared in Dr. Brett Steenbarger’s book The Daily Trading Coach.
Summary of the Best Daily Trades as examples of Pattern Recognition
Chart Patterns and Trading Opportunities
Key areas of Confluence using non-correlated Tactics
New Tactics & insider’s trading techniques
Expert concepts such as Fibonacci, TICK, TRIN, Intraday Elliott Wave
Future price structures & opportunities for the next trading day
Product Information by Corey Rosenbloom
The “Idealized Trades” Daily Commentary/Education Reports are a unique daily report that not only summarizes the intraday action in the intraday US Stock Market (most frequently using the SPY) but also describes possible insights and levels to watch based on price structure for the next trading day.
Based on the principle of “Repetition Breeds Learning,” I walk you through the day’s structure and how it developed (including how to recognize whether we are likely to have a “Trend Day” or a “Range Day” or even a “Rounded Reversal”) and then describe the specific trading strategies that are most appropriate to use as the day develops.
More importantly, I highlight the “Ideal Trades” or highest probability, lowest risk trade set-ups for near-perfect examples of how to develop your understanding and trading skills through seeing repeated, specific examples such as flags, breakout moves, TICK and Momentum Divergences, Fibonacci retracements, Candle Patterns, Elliott Wave overlay trades, “Three Push” Patterns, and many more.
The principle is that “The more times you see these trades and structures develop in the calm of your evening analysis, the better you’ll be in real-time to Recognize These Opportunities and Put the Trades on and manage risk accordingly in the heat of battle”
In other words, I describe each ‘ideal’ trade-set up explain to you when to enter, where to place your stop, whether and how to trail a stop, whether to play for a large or small target, and how to manage your trade.
I also show repeated examples of the concepts I teach in my Educational Lessons, Daily “Intraday” Blog (in more detail to Subscribers), and Private Mentorship Program.
Many times, I will share “Teaching Moments” as an example presents itself so that, as you follow-along as a subscriber, you will eventually learn many of these concepts by seeing them play out on a daily basis as I describe them.
Also, as a subscriber – even for one month at a time – you get access to ALL Prior Reports that are published (which date back to April, 2009), which gives you an archived database of all these concepts so that you can see dozens of examples of a particular trade or Type of Day function – simply use the search function as a member to open this world up to you!
Go ahead and check out a few samples of prior reports:
Download June 11th, 2009 Report
Small Gap Unfilled, Type II Trend Day Up became Type I Day, Elliott Wave Example, Elliott Wave and Momentum Divergence into High, Volume Divergence, Flags, Breadth, Discussion on Internals
Download June 15th, 2009 Report
Large Unfilled Gap Down, Looked Like Trend Day Down, Turned into Rounded Reversal, Lesson on Market Internals such as Breadth, TICK, and Momentum Divergences
Download October 21, 2009 Report
Overnight Bear Flag example, Failed Intraday Flag, Reversal Mid-Day, Discussion on lengthy negative divergences