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How to trade the TRO-setup
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How to trade the TRO-setup

  #1 (permalink)
Elite Member
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How to trade the TRO-setup

Here we go - this is for explaining + talking about the TRO trading style.
I tried to catch the basics but didnt get it yet.

max-td
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  #2 (permalink)
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max-td View Post
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.


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  #3 (permalink)
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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 ?

max-td
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  #4 (permalink)
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max-td View Post
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.

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  #5 (permalink)
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green is fine. according to this post:
https://futures.io/general-discussion/743-never-lose-again-therumpledone-13.html#post7443

edit: oh, maybe not - i'm still not sure...


Last edited by piersh; September 16th, 2009 at 03:36 PM.
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  #6 (permalink)
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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.

max-td
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  #7 (permalink)
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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.

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How to trade the TRO-setup-cl.jpg  
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  #8 (permalink)
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so for understanding the conditions these are all valid candels (without looking at the dailyHigh/Low condition)

max-td
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  #9 (permalink)
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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. )

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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!!

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