Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

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Dec 9 4:00 PM EST

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To: beckya who wrote (38064)	10/6/2005 1:48:56 PM
From: Ken Adams	Read Replies (1) of 39683

I don't put a MA on OBV for my ER charts. I've used one on daily charts advantageously though. I trade the ER2 with 5 minute candles and the 2 MAs I mentioned in the note to Bill. I eyeball trend lines on OBV and look for breaks there. But, to be totally honest, I'm really leaning heavily on price action relative to those 2 averages. OBV is my favorite indicator, but I don't rely on it for these trades. Things tend to move too fast, seems to me. Thinking back, I can't recall one of these trades lasting more than 15 or 20 minutes. I don't keep track of that, so I could be wrong. I've seen paper trades that could last more than an hour, but I doubt I could sit still in one that long. It would be hard for me to be sitting on 2 or 3 points, with 5 contracts and watch it move against me very much. I know if I'm in with 10 or 20 contracts, I'd be yanking those 2 or 3 points out as soon as they were evident. You can always re-enter, wouldn't you agree?

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