The RF1010 is the first trade setup to learn as a Forex Target Trader. It is a momentum trade setup that occurs typically at the first momentum push of each session. It is called the RF1010 because it is located on the ROYAL FLUSH template (RF) and utilizes the two 10 minute charts on this template (1010).
Click the picture below to make it bigger.
As momentum pours into the market our charts are designed to show the harmony available (multiple timeframes) for that move and the momentum available to accomplish that move (candles turning bright red or bright green depending on trade direction).
The first pulse of momentum to start a move is an RF 1010. This is a confirmable move for about 25-30 pips with the trend of the day. As market participants recognize the move, more and more traders enter creating momentum and the speed of the move increases. This decreases the probability of the opposite move happening since more traders have entered positions agreeing with the overall move. Ultimately, if enough traders are entering, the market will only slowdown, retrace or pullback as traders take off winning trades since there are too many traders on board for the continuation of the move. This trade is the MOST popular setup we have with our traders.
We do not take a RF1010 blindly. Just because there is momentum and harmony does not mean that the move will fulfill. We take the RF1010 because it is confirming what we already know! You only take this trade if you have identified the target and it is at least 30 pips away. You take the trade because you have good reward for the risk!
Your First Trade with ProAct Traders. This trade setup ROCKS! It may be the only trade setup you ever need. Get success faster by absorbing this tutorial. All traders SHOULD watch this video first.
VERY IMPORTANT: After you have watched the above video - In order to really digest this you should go here now.
Here is a PDF Checklist that you can download and print while you are learning this setup CLICK HERE
This is a trending trade with only a few rules so it is easiest to master. Start with these pairs: EURUSD, USDCHF, AUDUSD, NZDUSD ( remember that the USDCHF USUALLY moves opposite of the EURUSD - so don't trade both at the same time).
(note: if you understand Fibs and Previous support and resistance - look for confluence of those values PLUS the HSI)
Here's a live trade setup we entered - we cut it down to 2 minutes.
Here's another one with 2 trades for +100 pips - edited to only 8 minutes
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