tag:blogger.com,1999:blog-6579146808262144709.post5281392225138035087..comments2023-09-09T08:10:21.317-04:00Comments on Grove Trades: Trading with the trendGrove Underhttp://www.blogger.com/profile/11996363914551744557noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6579146808262144709.post-23650850013332877022011-11-16T12:05:45.305-05:002011-11-16T12:05:45.305-05:00Hi Tom,
Thanks much for the feedback. In some way...Hi Tom,<br />Thanks much for the feedback. In some ways, perhaps having something else for me to focus on in addition to the system (especially when we're patiently waiting for a signal) helps to give my mind something to do (and stay out of trouble). <br /><br />But one concern is whether having yet more information will confuse or hinder my ability to take a good signal. <br /><br />Yet more stuff to consider as part of the journey!Grove Underhttps://www.blogger.com/profile/11996363914551744557noreply@blogger.comtag:blogger.com,1999:blog-6579146808262144709.post-80460371580712658542011-11-16T09:03:36.437-05:002011-11-16T09:03:36.437-05:00Hey Grove,,
Well you are not alone as I didnt re...Hey Grove,,<br /><br /> Well you are not alone as I didnt realize that we were in a trend day until late afternoon. The lightbulb went off very late in the day and then I thought,,,,,Now this day makes sense,,,,. I think you are correct in that determining if we are in a trend day or range bound is a huge edge in trading. I like what you explained and I do mostly the same but I like to use the 9 EMA and the 20 EMA on the 5 min chart. When the EMA's are flat and sideways, candles will slice through them like butter but when in a trend day you will see price pullback to the EMA's after price is extended from the 9 or 20.(Yesterday was a great example,,,5 min Time frame) As you say nothing is 100% but more so of what you are used to I guess. I have to admit that these last few days I have not looked at my 5 min chart and now will bring it back not so much to trade off of but to help determine trend or range day. Excellent post.<br /><br />TomTomross58noreply@blogger.com