The 10XROI System - A High "R" Factor Approach

I see lots of RR track patterns, but I've never traded them because the stops were way too large. This method has very definitive entry levels where tight stops can be taken and entries can be qualified on lower TF to give high R value trades. I don't see the comparison.

I guess, if you think about it...a RR track pattern is actually a parabolic move on a smaller TF. So, in that regard, yes, it might be similar. However, the pattern we're looking for is not limited only to parabolic context. It shows up in a wide variety of breakout moves and other momentum situations. We look for a momentum "push" out of consolidation, continuation, or reversals.

you've started the thread and expect me to provide you with signals? i don't know, in hindsight a lot of things could be.

You are clearly mistaken.



Let's resolve this and move on, shall we?

Your first post said:
Your very next post was:
To which I replied:
This is not a system which generates a plethora of trades. It is based on Daily chart patterns which can take many, many days to form. The idea here is to do what we can to LEARN about the system from historic chart examples as we wait for new patterns to establish themselves on the charts. I asked people to post their chart setups (historic or otherwise) so we could begin the process of honing our collective understanding of the system. I am not a guru and I am definitely not the expert on this system, HappyBunny is. But he is currently prohibited from directly posting in this thread due to commercial restrictions on his forum account, otherwise you would already have heard from him here.

Ok, so you then said you would try to post your charts and asked for correction. Once you posted charts, I offered criticism of them because it was immediately apparent that you had missed the foundational basics of the system rules. This information was provided for you in the opening posts that established the rules and explained the method in detail with visuals. I asked you post a proper setup so that we could continue the process of helping you refine your understanding...not so I could have you provide me with trade signals. At some point, this thread, I hope, will move beyond the stage of getting folks up to speed on the basics of the system and become more about posting pending setups that will be of mutual benefit to all. Until that time, we have to learn it and learn it well. Signals won't help those who aren't truly following (lurkers), those who don't ask questions, and those who haven't bothered to learn the system beyond simply waiting for entry/exit/stop levels to be handed to them.

The purpose of having others post charts to the thread is so we can then make corrections and critique the setups as part of the learning process. If I dig through the (historic) charts myself and post example after example, then you and others won't learn how to find these patterns for yourself. Fairly clear examples of chart patterns are provided in the first three posts of the thread. The author, upon reading about your particular distress in comprehending the system, also sent me a very recent chart example from EURUSD which I have now placed in POST #24.

At this point, what else can I do to assist you to understand the system? Are you certain that you have thoroughly read and understand the rules and that you grasp the idea of proper "context" for the Push/Pull Candle pattern setups and entries? These things are absolutely crucial to your trading success with 10XROI. While waiting for your reply, I'll set off to find some other chart examples and see if I can make the pattern more clear for you visually.

I guess my question is what now? do we keep on shorting from that resistance? do we wait for a daily close before? is this move not validated yet?

again i'll consider putting money up when i SEE it so far i'm hesitant

here is eur/jpy

No....we wait for a new Push/Pull pattern to form. The Push/Pull setup short level on EURUSD was near 1.3515-1.3517 as you have correctly marked on your D1 chart. However, that trade should have already been entered on the H1 chart as shown in POST #24. Do you see it here?


The trade has already gone to a successful 10R completion on the 220 pip run down to the low at 1.32946. At this point, you would be waiting for a new D1 pattern to form.

I don't see any indication on your charts where you've attempted to identify a Push Pull pattern, so I can't really comment.

Maybe we need to cover the setup a bit more closely and focus on how to determine the levels we are targeting for entry within a pattern. I'll try to come back with a good example tomorrow.

You shouldn't even be considering that right now, IMHO. My own process for trading a brand new system involves both back testing and foward testing on demo FIRST. The demo testing is just to be sure I can execute the rules correctly and to begin gathering a sufficient closed trade database to make sure my money management parameters are being met over a significant number of trades. If all runs well, then I go to nano leverage with live money. Never use full leverage on a system you've not fully tested.

the timing of the entry is what i don't understand atm.

Ok, that helps me understand better how to help you. I'll put something together that should help. Kinda busy this morning, so it will be later today.

In the meantime, here is a setup and entry on the USDJPY.

Notice the stop was large on the trend line break, but there was a lilac line of micro support which was a safe place to put your stop. Because of the trade management rule of not moving stop loss to break even until after first pull back the trade would have been protected and now be at 5R.

thanks

Is this considered a premature trade by this methodology?

Hi Pipskateer

Great thread you started here!
Been looking at this technique for a few days now, and I'm so glad that you going into so much detail here.
I may have a few questions, but I'm going to hold onto them while I do some more reading on this great technique.

Regards

Hi 110101

It's not my thread to say, but I want to take a shot and see if I'm on the right path.
From what I see, and understand thus far, a long/buy was looking in order, with an entry 5 candles earlier on your last chart.
But looking at that daily chart, that doji 4 candles back is putting me off.
So lets wait and see what Pipskateer says.

Regards

it was a looser. so i was wrong

how do i make myself go against myself

Ok, I'm working on the presumption that DO understand how to determine the correct entry LEVEL once you've identified a Push/Pull candle pattern. If not, then let me know.

You are basically looking for some kind of technical entry, such as a trendline break or pivot candle break on the H1 chart which will give you the tightest stop possible to get into the trade in the direction of the daily momentum you've already have identified. I posted a good example of at least three entries like on a UCHF Push/Pull patter in POST #3. I've reproduced that picture with some additional notations and with the daily candles overlaid on the H1 chart so it might make more sense:

Here is the first pic:

Next pic is from the H1 chart showing the various entries you might have used to get into the trade.


If you don't understand, please ask questions.

thanks for trying.

i'm still out of touch but hopefully with more examples from different folks i can begin to see.

i trade smaller time frames but coming to hourly and daily i can't seem to find the right direction.

again thanks for trying but its me that's the problem right now