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Strategies & Market Trends : Befriend the Trend Trading
SPY 683.04-0.1%Dec 9 4:00 PM EST

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To: wilywilly who wrote (38061)10/6/2005 12:12:36 PM
From: Ken Adams  Read Replies (1) of 39683
 
LOL... it's LIMOM, doncha remember? And yes, I've been using 5e/9s. Note that's 9s, not 8s. I've messed with this some and at this moment, I like 9 better. Watch this for a while and you can pick it up. I look for OBV confirms, but will go at the slightest OBV nudge. I also watch a 5 min chart of the Russell 2000 on my second monitor. Still learning how these correlate.
As I type a long has just been signaled.

EDIT: How fast do these move? A nimble trader could have grabbed one point on that long, but would have to flee immediately as it's now turned down.
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