Mean time, double confirm it with stoch as it is a momentum indicator, and macd for to see if it is a real trend. This is only a setup for the scalp, then use 13 minute chart for entry. If angle is 45 degree or more you know it is a rocket, or else it is an iceburg. Use 3 ma to see what angle or slope it is.

Getting more confident and ready to switch to live trades.Д«elow is a contribution that came out of the blueДЄnd, the answer is you look at first 1 minute, then 3 minute chart I hope some people took it.ДЄll in all a good day and week. The iceberg would've kept you in till 15:40 - exit at 909.00 for a whopping 20+ points! It looks as if today was one of those rare days when the market was giving away money. In hindsight, if one stayed in till rocket failed the exit would have been at 11:05-11:10 between 895.50-897 for max 1.5 pt more.ДЄ nice reentry at 11:40-11:45 on MACD x and rocket signal (15m was showing a rocket too). Rocket continued and 20 min later mkt was 5 pt higher. #1 MACD convg -> rocket failure -> slow uptrend setting up -> tried an iceberg for the 1st timeДЎ0:01 high vol 1m down bar - ready to exit -> picked up on next bar -> BO to new high 2 bars later.ДЎ0:30 5m bar rocket signal -> exhaustion volume -> exit when it started to pull back as I had to leave for work in 15 min and I thought this would be a nice exit point. #3 rocket at 10:20 -> entry after point 3ДЎ0:40 channel break, MACD convg but stoch still good -> waiting for new point 3 -> volume dropped and it looked like congestion -> exit Sold at high of 10:10 bar as MACD didn't cross yet and 10:05 bar looked like a new point 3. Should've reversed at the same time though. Long channel from yest still valid -> 9:55 volume drops as it touches left side -> exit as price started dropping -> rocket failsДecided to take profits at away side and reenter if trend resumed. Tough holding through a -1.75 drawdown on the 9:45 bar. Great job dawg, it looks as if you've tripled your initial capital in 2 months.

Market moves sideways, but stoch still in rocket zone.exit during 11:00 when tiny range is broken upward 890.00 and stoch pokes above 27.Дў:05 break long uptrens that i had in place.got short 890.25.rocket signal at 2:20, but next bar is a low volume inside range bar and puts me on alter.first low breaks and then high is taken out.exit when high is taken out 890.00Дў4th day of trading was today.last weekly recap was on 14th dayДў4 day net gain on one contract = 1975.50ДЇeel as if i got myself back on track after a horrid 4-7 to 4-11 week -1.50 on the week.and 3 day losing streak of -15.50 where i completely lost track of myself. Uptrend had already been broken, exited my long position (losing) and while i did not reverse immediately was looking for a reversal play.ДЎ0:10 reversal bar looking short.macd xo.short on reversal bar setup during 10:15 bar 894.50.funny thing is this is exactly the price i exited my long rocket position.ДЎ0:25 rocket short signal s(17.24, 21.75) macd hist -.83 9,941 Long on the break was not happy about having number coming out at 10:00 a buying runup to the numbers, but held.mkt sells of on number.stochs leave rocket zone s(62,85) and exit when low of 10:00 bar is broken.Дў. Trades are picking up in skills displayed To play it safe, you can exit after failure to traverse and reenter after new point 3, or upon confirmation of trend reversal. If you can detect CCC or new point 3 formation early on you can get out for a small profit. #1 and #2 you'd have to be careful if you reverse, likely you'd end up washing. #3 you would clearly benefit from reversal. I don't think you can anticipate which one will occur.

#1 failure to traverse -> new point 3 -> trend continuation Re: Re: Re: Re: Re: trying to find the slow trend Final comments on nailing down slow trends

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