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

  • #121
  • Nov 30, 2013 11:11am Nov 30, 2013 11:11am
Quoting Deepfxtrader
Za-Trader and 110101, I did sent you a PM,please check your inbox Greetings, Deepfx

i got it, thanks. Hopefully we can make something of it... but, first rule of fightclub is we do not speak of fightclub, lol
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #122
  • Dec 1, 2013 5:58am Dec 1, 2013 5:58am
Quoting 110101
{quote} i got it, thanks. Hopefully we can make something of it... but, first rule of fightclub is we do not speak of fightclub, lol

Lol, good one!
  • #123
  • Dec 1, 2013 8:06am Dec 1, 2013 8:06am
Sounds intresting... has got a lot of reading to catch up....
  • #124
  • Dec 1, 2013 8:23am Dec 1, 2013 8:23am
Interesting indeed! Subscribed.
  • #125
  • Dec 2, 2013 1:32am Dec 2, 2013 1:32am
What you think?
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"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #126
  • Dec 2, 2013 5:16am Dec 2, 2013 5:16am
Quoting 110101
What you think? {image}
Hi 110101, not 100% sure on this one, the context as I see it is:

1. It's against the most recent trend which would be a minus point
2. It's at an area of resistance and has reacted to it, hence the push / pull formation that's formed / will complete today. So could well now head back to the trendline / area of support, which is a plus point.

So not sure whether LR would count this as enough context - maybe we will get a sign

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  • #127
  • Dec 2, 2013 11:50am Dec 2, 2013 11:50am
Another development?

It poked through the support, will look for a close below and then a retest.
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"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #128
  • Dec 2, 2013 1:42pm Dec 2, 2013 1:42pm
I may sound like a broken record but what in the world is going on with the NY session? Is it safe to say that its the worst time to trade? after 11/12?
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #129
  • Dec 2, 2013 4:53pm Dec 2, 2013 4:53pm
moving along
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"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #130
  • Dec 2, 2013 5:02pm Dec 2, 2013 5:02pm
which trend line to pay attention to? should i consider green as the penetration?! maybe, if the price doesn't close below the yellow support line.
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"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #131
  • Dec 3, 2013 7:59am Dec 3, 2013 7:59am
Got back from vacation yesterday evening. Will try to go over posts and respond later today if possible. Hope everyone had a great holiday!
  • #132
  • Dec 4, 2013 12:56pm Dec 4, 2013 12:56pm
Quoting deanoracer
IS THIS A POTENTAIL PUSH/PULL? Daily: EURUSD current price: 1.3513 Candles #1 and #2 complete, candle #3 pulling back now SMA 3 pulling away from SMA 10 Anticipate a test of the 1.3481 area, the closing price of candle #1 {image}
Hi Deanoracer,

I think technically it is, but perhaps not the greatest overall context in which to find it. I am concerned because the push of EURUSD to get back to that level was strenuous in comparison to the run DOWN which preceeded it. With a tight stop of around 15 pips, you may be able to get 10R on this one.
  • #133
  • Dec 4, 2013 1:01pm Dec 4, 2013 1:01pm
Quoting shandy
So would these 4 candle on USDCAD daily be counted as Push / Pull? I don't think the context is right as they are hitting a weekly resistance level, but just wanted to check on the candles themselves. {image}
On candle pattern alone, that looks like a valid Push/Pull pattern.
  • #134
  • Dec 4, 2013 1:11pm Dec 4, 2013 1:11pm
Quoting 110101
Maybe this is a developing 123 formation push pull. {image}
Could have been, but didn't materialize.
  • #135
  • Dec 4, 2013 1:56pm Dec 4, 2013 1:56pm
Quoting Pipskateer
{quote} Could have been, but didn't materialize.
yep. but didn't eur/aud however gave a hindsight of how that move unfolded. something ill look into.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #136
  • Dec 7, 2013 10:16am Dec 7, 2013 10:16am
I do like the idea of this trading method, "but" entering on the hourly chart has a couple of glitches as; when looking at the daily chart we wait for momentum for a couple of bars and then when bar three goes the opposite direction and reaches the close of the first bar, we wait until it reverses and goes in the direction of momentum, we then move to the hourly chart and place our trade. Glitch 1; bar no.3 may not reach the close of bar one and we miss the trade. Glitch2 we may enter the trade as bar 3 reaches the close and then bar thee continues in opposite direction of momentum and takes our S/L out. just small points. I use freestockcharts.com and noticed a set up with aud/nzd 29Dec . Ok this was against the trend, although it was at a support. It was a loser but think this is the kind of setup were looking for.I crap at computers and will learn to post charts in the future. Thanks to pipskateer for starting this thread, I believe this system has promise. I dont know if its possible for a video of this method to be posted as I know people have limited time but would maybe make it a little clearer, If I come across any possible setups I will try to post before bar three. It would be good to see others do the same and agree or disagree if set up is good or not.
  • #137
  • Edited Dec 9, 2013 12:05am Dec 8, 2013 11:00pm | Edited Dec 9, 2013 12:05am
Quoting kible
I do like the idea of this trading method, "but" entering on the hourly chart has a couple of glitches as; when looking at the daily chart we wait for momentum for a couple of bars and then when bar three goes the opposite direction and reaches the close of the first bar, we wait until it reverses and goes in the direction of momentum, we then move to the hourly chart and place our trade. Glitch 1; bar no.3 may not reach the close of bar one and we miss the trade. Glitch2 we may enter the trade as bar 3 reaches the close and then bar thee continues...
Hi Kible, there's a couple of glitches in what you say here based on my understanding - we don't look for a trade until bar 3 has closed, at the close of bar 1.

I haven't seen any potential trades for a few days now, anyone else?
  • #138
  • Dec 9, 2013 1:31am Dec 9, 2013 1:31am
Just spotted what looks to have been a potential trade, AUDCHF, it's in a downtrend and has just broken a horizontal support. 1hr had pullback to the close of candle 1 and nice inside bar / hanging man pattern.

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  • #139
  • Dec 9, 2013 1:52am Dec 9, 2013 1:52am
EURCAD - in an uptrend with nice momentum, broken resistance, now looking for the retrace down to the candle 1 close (dashed green line) / previous resistance area (solid green line) on the 1hr?

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  • #140
  • Dec 9, 2013 6:03pm Dec 9, 2013 6:03pm
My apologies, I'm a bit out of the loop at the moment. Over the Thanksgiving holiday I developed a pinched nerve in my neck causing me quite a bit of arm and shoulder pain. I've received a bit of relief from initial chiropractic adjustments, but it's still a bit difficult to sit at the computer for very long. Hope to be back on the charts soon though. Hopefully, the next couple of weeks of adjustments will bring full relief.
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