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How to trade the TRO-setup
Updated September 22, 2009
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How to trade the TRO-setup
September 16th, 2009, 12:50 PM
Frankfurt
Experience: Intermediate
Platform: NinjaTrader
Trading: FGBL 6E B4
Posts: 1,752 since Jun 2009
Thanks Given: 2,309
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Here we go - this is for explaining + talking about the TRO trading style.
I tried to catch the basics but didnt get it yet.
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
September 16th, 2009, 12:56 PM
California
Posts: 87 since Jun 2009
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max-td
Here we go - this is for explaining + talking about the TRO trading style.
I tried to catch the basics but didnt get it yet.
here's what TRO says:
Quoting
A) Price makes new low for the day or is within 20
pips of
low of the day
B) Previous candle is green ( 5 min, 15 min or 60 min )
C) Enter at previous candle high
Look at chart. The last red candle was green when it hit the high of the previous candle and that was your entry. In 2 candles, you had a 10
pip profit.
September 16th, 2009, 02:20 PM
Frankfurt
Experience: Intermediate
Platform: NinjaTrader
Trading: FGBL 6E B4
Posts: 1,752 since Jun 2009
Thanks Given: 2,309
Thanks Received: 927
so here my first question :
is the color of the bar that makes the new Low important ?
Must it be RED ?
What do you think guys ?
September 16th, 2009, 02:23 PM
Concord, NH USA
Experience: Intermediate
Platform: Ninja trader
Broker: AMP/CQG
Trading: ES
Posts: 182 since Jun 2009
Thanks Given: 140
Thanks Received: 115
max-td
so here my first question :
is the color of the bar that makes the new Low important ?
Must it be RED ?
What do you think guys ?
I don't think so, as long as the next bar is green and then the subsequent one after the 1st greens high is broken, then enter.
September 16th, 2009, 02:30 PM
California
Posts: 87 since Jun 2009
Thanks Given: 5
Thanks Received: 120
green is fine. according to this post:
edit: oh, maybe not - i'm still not sure...
September 16th, 2009, 02:35 PM
Frankfurt
Experience: Intermediate
Platform: NinjaTrader
Trading: FGBL 6E B4
Posts: 1,752 since Jun 2009
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OK - lets go on : (more / diff opinions to the questions are welcome)
what does this mean : Price makes new low for the day or is within 20 pips of low of the day
i dont get this because i am no native engl-language guy i think.
September 16th, 2009, 02:38 PM
Concord, NH USA
Experience: Intermediate
Platform: Ninja trader
Broker: AMP/CQG
Trading: ES
Posts: 182 since Jun 2009
Thanks Given: 140
Thanks Received: 115
Here is a 5 min chart on CL as it just made a new high, notice the red candles and the short entry. Just an example on CL look at it on anything. I'm starting to really see it.
September 16th, 2009, 02:48 PM
Frankfurt
Experience: Intermediate
Platform: NinjaTrader
Trading: FGBL 6E B4
Posts: 1,752 since Jun 2009
Thanks Given: 2,309
Thanks Received: 927
so for understanding the conditions these are all valid candels (without looking at the dailyHigh/Low condition)
September 16th, 2009, 03:02 PM
Here, GA
Posts: 158 since Jun 2009
Thanks Given: 1
Thanks Received: 86
Yesterday's ES 60 Min Chart showing both a Buy and Sell Entry. It is truly not "Rocket Science". Will it work for ES; Jury is out.
(Risking the onslaught of flaming arrows from TRO if I am wrong. )
September 16th, 2009, 03:16 PM
Tucson, AZ
Posts: 413 since Aug 2009
See the first check - THAT'S LOW OF THE DAY
See the second check - THAT'S IS PRICE AT THE HIGH OF THE PREVIOUS GREEN CANDLE.
I SHOWED YOU THE MONEY!!
Last Updated on September 22, 2009