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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.
Can you help answer these questions
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September 16th, 2009, 12:56 PM
California
Posts: 87 since Jun 2009
Thanks Given: 5
Thanks Received: 120
max-td
Here we go - this is for explaining + talking about the TRO trading style.
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 :
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 :
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:
September 16th, 2009, 02:35 PM
Frankfurt
Experience: Intermediate
Platform: NinjaTrader
Trading: FGBL 6E B4
Posts: 1,752 since Jun 2009
Thanks Given: 2,309
Thanks Received: 927
OK - lets go on : (more / diff opinions to the questions are welcome)or is within 20 pips of low of the day
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
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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.
September 16th, 2009, 03:16 PM
Tucson, AZ
Posts: 413 since Aug 2009
LOW OF THE DAY GREEN CANDLE.I SHOWED YOU THE MONEY!!
Last Updated on September 22, 2009
