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

  • #101
  • Nov 28, 2013 4:40am Nov 28, 2013 4:40am
To all ,have a great happy Thanksgiving!!

Now Pipskateer is away for a week but that doesn't mean you'll have to wait a week to have a response if you have questions or struggle with the setups.

So as Pipskateer asked ,try to post some historic or new ones if you see any.It will only train you to spot them.

Have a great day,

Deepfx
  • #102
  • Nov 28, 2013 5:15am Nov 28, 2013 5:15am
Ok so attempt number 2 here in identifying a push-pull formation - CADJPY Daily, candles marked as 1,2,3 with 3 being the red candle. Or would this be a 1,2,3,4 formation, with the candle 1 being the large bull candle to the left of where I have number 1 now?

And if this is a valid formation, where would the "trigger" line be placed?

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  • #103
  • Nov 28, 2013 8:45am Nov 28, 2013 8:45am
Also look at those red lines in the past ,in the past they did act as support or resistance ,to me:the push is a break of either a support or resistance in the past ,the pull is a test to see if the level will hold as support or resistance and the move will continue in that direction.I did observe that the candles you look at can be a bit different for each of us and that's broker based.IMHO ,Deepfx
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  • #104
  • Nov 28, 2013 10:52am Nov 28, 2013 10:52am
Maybe this is a developing 123 formation push pull.
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"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #105
  • Nov 28, 2013 11:09am Nov 28, 2013 11:09am
Here's another one on XAUUSD Daily which may be a push / pull pattern - 3rd (pull) candle being today's candle having retraced to the close of candle 1, with the pattern formed after the break / retest of horizontal support, so good context?

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  • #106
  • Nov 28, 2013 11:18am Nov 28, 2013 11:18am
And USDCHF daily, here there look to be a couple of them which could have been used after the break / retest of the long term "mirror flip" support / resistance area, and I think there was also another one in between these two?

Also there looks to be a lot of room for this to move down to the supply source (brown box) of the the parabolic bullish move to the left?

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  • #107
  • Nov 28, 2013 11:32am Nov 28, 2013 11:32am
AUDCAD Daily? Again after break of horizontal support. But quite "messy" to the left and perhaps not one to go for due to the chance of getting 10R being less - or would you not worry about that? And it looks like it may work out, from the 1hr I'd say there would have been around a 15 pip stop, so would have to move 120 (8R) - 150 pips (10R), which is to the bottom of the lower brown supply box, and it's done approx 100 pips so far.
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  • #108
  • Nov 28, 2013 12:21pm Nov 28, 2013 12:21pm
Quoting shandy
Here's another one on XAUUSD Daily which may be a push / pull pattern - 3rd (pull) candle being today's candle having retraced to the close of candle 1, with the pattern formed after the break / retest of horizontal support, so good context? {image}

Hi Shandy

This one I like, but entry if you move your numbers one day forward, entry would then be on day 3, your current day 2.
Very good context, as price went to test the broken support, but failed, then on entry day it just touched the support line again and failed...
What's amazing is how very different my daily XAUUSD chart looks, yours line up very nicely.
Personally, I'm just looking for the best examples, as I'm just learning this method myself.

Regards
  • #109
  • Nov 28, 2013 12:55pm Nov 28, 2013 12:55pm
Here's an interesting variant of the push/pull setup, not as clear to spot, might have missed the entry though, but I'm keeping my eye on it.
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  • #110
  • Nov 28, 2013 1:19pm Nov 28, 2013 1:19pm
Quoting shandy
Ok so attempt number 2 here in identifying a push-pull formation - CADJPY Daily, candles marked as 1,2,3 with 3 being the red candle. Or would this be a 1,2,3,4 formation, with the candle 1 being the large bull candle to the left of where I have number 1 now? And if this is a valid formation, where would the "trigger" line be placed? {image}

Hi Shandy

Made some changes to your CADJPY chart, this is based on what I see, and my entry is on red number 4, as close to the green line as I could get from the H1 timeframe chart.
Let me know what you think?

Regards
Attached Image
  • #111
  • Nov 28, 2013 2:03pm Nov 28, 2013 2:03pm
Another text book entry, this one gave an entry earlier today, but buying so high up(into 1.5) is just too risky for me...
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  • #112
  • Nov 28, 2013 4:03pm Nov 28, 2013 4:03pm
Historic set up


Greetings,


Deepfx
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  • #113
  • Nov 28, 2013 4:12pm Nov 28, 2013 4:12pm
Just a question,

Do you guys see anything on NZD/USD daily chart?Just wondering.....


Greetings,

Deepfx
  • #114
  • Nov 28, 2013 10:42pm Nov 28, 2013 10:42pm
Quoting Deepfxtrader
Just a question, Do you guys see anything on NZD/USD daily chart?Just wondering..... Greetings, Deepfx
Ah yes, so there is, again at a break / restest of horizontal support, and plenty room to the left to retrace the parabolic move. Just got to wait to the retrace to the green line now on the hourly and and wait for a signal....

Edit: Actually, would we want to look for the retrace a bit further up i.e. closer to the high of candle 3 / close of candle 1?

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  • #115
  • Nov 29, 2013 1:03am Nov 29, 2013 1:03am
Hi

This is what I see on that chart.

Regards
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  • #116
  • Nov 29, 2013 2:24am Nov 29, 2013 2:24am
Hello
Pair: GU
Waiting for entry around 1.625X
SL : 1.619X
TP : 1.674x / 8R

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  • #117
  • Nov 29, 2013 2:27am Nov 29, 2013 2:27am
Za-Trader and 110101,

I did sent you a PM,please check your inbox

Greetings,

Deepfx
  • #118
  • Nov 29, 2013 7:58am Nov 29, 2013 7:58am
EURGBP Daily, 1,2,3 push / pull at break-through of longer term channel support, but is getting close to bottom of another shorter term channel - so don't know if context is right?

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  • #119
  • Nov 29, 2013 6:26pm Nov 29, 2013 6:26pm
Pipskateer i hope you do not mind but I would like to show those that are struggling with entries to go to the 4 hour charts , then hone in if you want a smaller stop.
On the NZDUSD 4 hr there is a trade available on the retest of support (.81000) which I am sure will happen, then if we break that , the possibility of 10R.
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  • #120
  • Nov 30, 2013 9:43am Nov 30, 2013 9:43am
Quoting oztrader
Pipskateer i hope you do not mind but I would like to show those that are struggling with entries to go to the 4 hour charts , then hone in if you want a smaller stop. On the NZDUSD 4 hr there is a trade available on the retest of support (.81000) which I am sure will happen, then if we break that , the possibility of 10R.{image}
Hi Oztrader, I'm looking but I don't see the push / pull patter on this chart, can you mark it out for me please?

Edit: Sorry I see what you mean, not a push / pull on the 4hr but using it for the entry signal. Problem with this is NZDUSD is at the bottom of a channel (as pointed out to me by LR), so would maybe look for the break of that, or the reversal back up again?

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