Rocket Rollouts and Rocket Launches

Quote from achilles28:

Interesting post.

I used to trade the 'rocket' exclusively in forex.

I called it 'waterfall' or stair stepping. Happens frequently. No volume however.
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I trade something completely different to this system, however, in my spare time I like to flex my creative juices.

In fx I would jump to the faster tf to see "volume". When the settup arises on the 5 minute for example - looking at the 1 minute tf for a price surge in the direction of the trend can be a proxy for volume.

Nice little settup for beginners or the pros, going for say a quick 2 for 1 scalp with the trend.
 

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Quote from NZDSPeCIALISt:

Nice little settup for beginners or the pros, going for say a quick 2 for 1 scalp with the trend.
More...

My understanding of the Forex marketplace remains limited at best. A thimble holds more water than my brain holds information about trading foreign currency. However, notice how similar the indicators present themselves to the GIGM rocket above (circled on attached chart). The %K line of The Stochastics (5,2,3) almost exactly mirrors that of the equity trade above. Using a smaller fractal in an effort to guage 'volume' appears to provide a distant early warning prior to the rocket launch.

I've seen Rockets work in both Equities and Futures first hand. I trade them everyday. Many thanks to NZDSPeCIALISt for sharing how rockets also work in Forex.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1202040>
 

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That looks practically identical to my homemade 3xmacd breakout,
except id never look at the 3rd possible break UPSIDE , not with negative divergence/flattening like that.
(on the schochastic etc)
But my trend trading always sucked, so.........
 
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