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

Quoting spyderman

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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...

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Quoting shandy

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{quote} Hi Spydey, check post 145 as I had thought that we had to wait for the daily close of candle 3 after touching close of candle 1 but in fact we only have to wait for it to reach the close of candle 1.

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Quoting spyderman

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{quote} Thanks shandy. I thought I had read that somewhere. Here's another possible on Gbp/Jpy {image}

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Quoting shandy

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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...

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Quoting shandy

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{quote} Hmm, those entries obviously got stopped out, but now it's tearing off in the correct direction. I think the hardest part with this system is getting the correct entry on the 1hr, which can be difficult as you are using a daily level for an hourly signal, if that makes sense. Could have looked for another entry on this one, but where? After price blew through the daily level, who would have been brave enough to try a second entry?!

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Quoting spyderman

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Here's a possible setup coming on the EurAud, would like to get everyone's opinion on. Looking at the monthly we have a steady up trend which has recently broken through (though not by much) a long standing S&R line. Moving to the daily price has recently broken out of a consolidation pattern and has formed a push-pull setup. On the hourly, the top of our daily 1 candle coincides with some prior congestion to the left as well as a BRN. Have to wait and see if we get any kind of entry off this area. Alternatively, we may later get an entry off of...

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Quoting shandy

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AUDCHF - in a downtrend, candle 2 pushed through the Support level, candle 3 is today and price has just retraced (almost) to the candle 1 close level. Hourly showing bearish engulfing at close level, which would give early entry, but maybe safer would be to wait for break of trendline? {image} {image}

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Quoting shandy

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{quote} Hi Spydey, yes I like this one, just got to wait for a good 1hr entry now - which is the hard bit!! Edit - Just noticed though it is hitting a long term monthly Resistance area (previously Support area), and an older trendline so could be an issue. {image}

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Quoting spyderman

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{quote} Yeah it seems price is always hitting some line somewhere. Hopefully that has been broken enough to invalidate it. Anyways, I took the outside bar entry on the EA. A bit aggressive but... {image}

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Quoting danc

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A true GREAT thred.. Thank You

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Quoting shandy

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AUDUSD and EURAUD both triggered entry based on 1hr trendline breaks, lets see what happens!! {image} {image}

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Quoting spyderman

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Okay...I've taken that backside fib rejection off the break of that doji/pinbar. Nice tight 25 pip stop above the fib and support/resistance. Here goes...hope LR approves {image}

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