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

  • #161
  • Jan 17, 2014 6:53am Jan 17, 2014 6:53am
Quoting sk2
{quote} Hi, what pair is your chart ?

Oops, sorry. AudCad. I'll have to fix Pipskateers template. For some reason it's not showing the pair name.
  • #162
  • Edited 7:08am Jan 17, 2014 6:57am | Edited 7:08am
Here's a current one on NzdCad I'm monitoring.

First chart is a weekly context showing a major trendline recently broke.
Next we have a daily with a upward channel and then a closer view showing the daily break of that channel with a push-pull formation.
Finally on the hourly a like that train track formation with a further testing of that push-pull line. I have a pending above that red bar.
We'll see.

Attached Image (click to enlarge)
Click to Enlarge Name: nzdcadiweekly.png Size: 109 KB

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Click to Enlarge Name: nzdcadidaily.png Size: 121 KB

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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EDIT: Entry taken at .90654. TP is set at .93777
  • #163
  • Jan 18, 2014 9:58pm Jan 18, 2014 9:58pm
Sure been quiet in here. Hope we get some activity soon.

Here's one I'll be watching for Monday.

Long term daily context shows price has recently broken through a long term horizontal resistance.

Closer in daily context shows price breaking out of pennant pattern with momentum. If price comes back down
to close of number 1 candle I'll look for H1 entry.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #164
  • Jan 19, 2014 7:32am Jan 19, 2014 7:32am
What pair is that Spydaman, it says AUD/USD but when I check the chart it doesnt match
  • #165
  • Jan 19, 2014 8:44pm Jan 19, 2014 8:44pm
Quoting hopping
What pair is that Spydaman, it says AUD/USD but when I check the chart it doesnt match
No its GbpAud. You're looking at the position size calculator which uses the Aud/Usd for its currency calcs.
  • #166
  • Jan 19, 2014 8:46pm Jan 19, 2014 8:46pm
Quoting spyderman
EDIT: Entry taken at .90654. TP is set at .93777
Stopped out at .9035
  • #167
  • Jan 20, 2014 2:37am Jan 20, 2014 2:37am
Quoting hopping
What pair is that Spydaman, it says AUD/USD but when I check the chart it doesnt match

Thanks Spyderman
  • #168
  • Jan 20, 2014 3:57am Jan 20, 2014 3:57am
Hi Guys,

Not intending to dilute this thread too much with outside stuff, but I took a long on the EURUSD. Not a 10XROI setup but I still employed the PushPull as the trigger for entry... at Sunday open set a Long order @ 1.35266 with TP at just under 10x at 1.3619. This level was the open price of the last 1H candle on Friday.

I had another indicator giving a signal that we are forming a bottom. What I've been able to do with 10XROI is use it's sensible evaluation criteria for entry - in addition to my other stuff.

The 10XROI trendlines showed bounces off weekly TL and daily support which, so I've set the SL at the low 1.3507, once it was established. It then formed a mini Push-Pull on the 1H timeframe.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-1H.JPG Size: 82 KB
A pip is only worth it if you know how much you risked to earn it
  • #169
  • Jan 20, 2014 4:10am Jan 20, 2014 4:10am
Looks familiar and rather interesting: does the author go by the name of 'Joe' by any chance?
  • #170
  • Jan 20, 2014 4:46am Jan 20, 2014 4:46am
Quoting nunrgguy
Looks familiar and rather interesting: does the author go by the name of 'Joe' by any chance?
Errr....LOL... no. I don't want to reveal the author's name here without permission as that would violate FF's rules.
But you've got the gender wrong.
A pip is only worth it if you know how much you risked to earn it
  • #171
  • Jan 20, 2014 4:52am Jan 20, 2014 4:52am
Also put in some pending trades, one which has been triggered (UJ).

The breakout from the 4H trendline (blue) initially went down. But I set the price at the day's (Sunday) open. Again, it is NOT strictly a 10XROI setup as this is on the 1H tf, but the push-pull principle seems to create a better entry. Had I done it normally, I would have entered then moved my stop to BE and now would be out of the trade. Here, the hour close is still below the 4H TL indicating lower and my short is in play. I will set the SL to just above the TL.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY-1H.JPG Size: 88 KB
A pip is only worth it if you know how much you risked to earn it
  • #172
  • Edited Jan 21, 2014 3:42am Jan 20, 2014 5:31am | Edited Jan 21, 2014 3:42am

Post 24 you definitely said he was male, twice. So is it a he, a she or a heshe?
z-lines, adding to positions, comparing momentum to non-momentum and magic angles is all I'm saying. We already have candlesmcandles, just waiting for the custom candles and wierd timeframes. Maybe a student of Joe then lol. Vane?
Be interesting to see the thread develop because at 10:1 the hit rate is likely to be around 30% or less (probability has not been mentioned in the long post 1 so , no it's not a complete 'system'). Very interesting on 2 counts. 1: If people manage to stick with something with a low hit rate and 2: If winning chart after winning chart gets posted as it usual on FF and no-one loses, ever
  • #173
  • Edited 7:02am Jan 20, 2014 6:44am | Edited 7:02am
I also went short on the EURCAD but I've pulled the plug on it. The correlation of EUR/XXX is too strong on the Long side to be ignored. UJ and EJ heading down together momentarily showing a slight sideways movement on EU but seems to be continuing higher now.

EDIT:
Stops moved to BE+10 on EU and 104.162 on UJ
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD-1H.JPG Size: 82 KB
Click to Enlarge Name: USDJPY-1H.JPG Size: 85 KB
A pip is only worth it if you know how much you risked to earn it
  • #174
  • Jan 20, 2014 8:36am Jan 20, 2014 8:36am
Quoting vlady1974
I also went short on the EURCAD but I've pulled the plug on it. The correlation of EUR/XXX is too strong on the Long side to be ignored. UJ and EJ heading down together momentarily showing a slight sideways movement on EU but seems to be continuing higher now. EDIT: Stops moved to BE+10 on EU and 104.162 on UJ {image} {image}
I'm going to close these trades. I think 3564 has capped today. There may be another retest of the lower levels, but I'll happily take my profit now given no US market today.
A pip is only worth it if you know how much you risked to earn it
  • #175
  • Jan 20, 2014 10:10am Jan 20, 2014 10:10am
I couldn't let this one go. This article was posted on the author's blog and I think it sums up an important theme of this method.

http://www.entrepreneur.com/article/230333
A pip is only worth it if you know how much you risked to earn it
  • #176
  • Jan 20, 2014 7:14pm Jan 20, 2014 7:14pm
Reentered on the NzdCad. I benefited from some favorable Nzd news.
I have moved stop to BE after the H1 pullback. Now we wait.

Attached Image (click to enlarge)
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  • #177
  • Jan 21, 2014 9:47am Jan 21, 2014 9:47am
AUDUSD - ignoring the Sunday candle we have a 1-2-3 push-pull formation, context I see is breakout of a Support area in line with the overall trend.

Couple of possible entries on 1hr so far based on trendline break (which I'm now trying to almost exclusively use / master as the entry trigger), although the second one would have been too big an SL - so whether to wait for a retrace in such a scenario? And, there is right now a potential 3rd entry forming on the backside of the 1hr trendline which may be even better.

I think the entries on the 1hr are the most difficult part of the system to judge, as I say I'm now trying to concentrate almost exclusively on trendline break entries only as recommended to me by someone who knows the system well

Attached Image (click to enlarge)
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  • #178
  • Jan 23, 2014 6:17am Jan 23, 2014 6:17am
Here's a couple of daily push-pulls I'm monitoring right now. Looking for entries on the H1.

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Attached Image (click to enlarge)
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  • #179
  • Jan 23, 2014 6:20am Jan 23, 2014 6:20am
Here's an update on my NzdCad trade from a few days ago. It's moving nicely up and looks to be forming
another potential push-pull.

If that were to come about I'd be looking to add another position in line with the Author's "pyramiding" technique.

Attached Image (click to enlarge)
Click to Enlarge Name: nzdcadidaily.png Size: 67 KB
  • #180
  • Jan 23, 2014 6:27am Jan 23, 2014 6:27am
I do have a couple of points I'm not quite clear on. Hoping LR will see this and respond on her blog.

Do we have to wait for the close of candle 3 in order to look for entries or just when price gets to our push-pull line.
Also, do we only use the close of candle 1 as our line or can we use the high as well. It seems in her book that some
examples show the high being used. The Eur/Gbp setup above is using the high.

EDIT: Checked back on pipskateer's 2nd post. The 3rd example shows using the high of candle one. So that brings the question

of how much of a wick makes sense.
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