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Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Stoxx who wrote (6927)5/9/2000 11:28:00 AM
From: Ken Adams  Read Replies (1) | Respond to of 39683
 
TC,

I'm watching LCOS myself today. I had an OBV long signal about 20 minutes into trading. But, I don't like to trade off the one minute bars on QT, so I just watched. I switched to 3 minute bars shortly thereafter and got a signal to short at 50.75 6 or 7 minutes later. I went with that.

I was at the same time watching 10 minute bars over on Quote.com and they're really what I prefer to trade with OBV. Now, I've switched QT to 10 minute bars as well. While price has fluctuated from 47.5 back up to 49.25, OBV continues making lower highs and lower lows.

There is now some support in the 48 area, where I'll try to exit, if I can be around when that happens. I'm in and out today, so it makes trading difficult.

Ken