about 4 yrs ago when I was trading forex I was using a support turning into a resistance method to enter trades also incorporating in 123 and 2b patterns as also s and r trades also. when I came over to the futures and traded crude only I was having trouble finding trades so I like a marine had to adjust to the situation and adapt to the new surroundings. last week I revisited that method again but instead of using the establishing the trend from midnight to when we started I added the momentum tool the macd. I am not using the macd to enter trades but to confirm my setups via price and chart pattern action. so the macd with the price action will determine mine trend, heres an example price is trending up and forms a 2b followed by a 123 or what I call the hat and the macd turns over to me that's a trend change at keast in the short term of daytrading. heres a chart I forgot to post for post 9407. DD has been a tremdous help here causing me to remember the trading in the zone mentality. when I was trading forex using the above I was zoned in and now am trying to be as zoned in as I was in forex
Attached Image (click to enlarge)
), although strangely I have not experienced slippage for exit stops. Don't understand that. So, in my hope that the new miniDAX (FXDM) wll become the European NQ, I'm giving that a try - let's see if can get some good Stop Limit entry fills in the days ahead (some nice trades this morning if filled, but my attention has been with my darned Euro configuration...).
... something happened earlier in Trade #2, currently going for almost 2 hours - I've been into the village, walked the dog & had my lunch during this period - that I take as very positive for my NinjaFXCM account : I was CERTAIN I was going to be stopped out as price actually traded within 1 pip of my stop level. Up until now, with cash fx that meant a for-sure stop out... but the price held = NO STOP HUNTING THERE. VERY positive imho. I took a screenshot at the time (I refer to the last bar on the chart) :
