TRO TRADING VIDEOS

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TheRumpledOne
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Re: TRO TRADING VIDEOS

Postby TheRumpledOne » Wed Jan 02, 2019 5:53 pm

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Re: TRO TRADING VIDEOS

Postby TheRumpledOne » Thu Jan 03, 2019 3:57 pm

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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TheRumpledOne
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Re: TRO TRADING VIDEOS

Postby TheRumpledOne » Fri Jan 04, 2019 5:01 pm

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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TheRumpledOne
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Re: TRO TRADING VIDEOS

Postby TheRumpledOne » Mon Jan 07, 2019 5:08 am

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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Re: TRO TRADING VIDEOS

Postby TheRumpledOne » Mon Jan 07, 2019 5:11 am

BlindMan wrote:
TheRumpledOne wrote:

Hey TRO, I was re-watching some of your videos (after watching the exit playbook) which got me thinking. You mention scratching trades often, which from what I've unsterstood means exiting the trade with a small loss / win / break even.

This is not a video request per se, but could you talk about how you go about scratching those trades or what to look for when scratching? I think it'd be important to add that in an exit playbook because it's a good way to not let the trades hit the predetermined SL (ie, cutting losers short).

And another quick question. Do you use stats to build your exit playbook?

Thanks in advance TRO!


Usually, it is just price action especially when price is in a wick zone ( daily, hourly, M15 ) .

Yes, statistics play a part in the exit playbook.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: TRO TRADING VIDEOS

Postby TheRumpledOne » Mon Jan 07, 2019 5:29 pm

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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Re: TRO TRADING VIDEOS

Postby BlindMan » Mon Jan 07, 2019 10:34 pm

Thanks for addressing the Exit / Scratch questions. Appreciated =D>

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TheRumpledOne
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Re: TRO TRADING VIDEOS

Postby TheRumpledOne » Tue Jan 08, 2019 5:07 pm

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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Re: TRO TRADING VIDEOS

Postby BlindMan » Tue Jan 08, 2019 7:07 pm

I've been watching again this video of yours (from 4 years ago) "DAYTRADING WITH DAILY CHARTS" https://www.youtube.com/watch?v=WOJVt26zDss and messing around with the range indicator. I look at the USDCAD daily chart and every candle is usually at least 50~ pips (and sometimes it's much more than that).

And I think it's starting to make sense. It removes the whole dilemma of where's price going, because the candle color gives direction. Above? Go long. Below? Go short. And it simply makes sense to trade away from the open as long as the current range is lower than the average range, because that's what price usually does according to statistics. If it doesn't go my way I can just scratch it for a small loss and that's it, because I know it will expand one way or another. After all, I can always re-enter later.

Putting it this way reminds me of the buy zone but I think it finally clicked. Daytrading with a daily chart is probably as simple as it can get, because I'd be looking at a single candle.

Using something like this would give me something that I can do every day on the same pair with a simple approach. Of course, easier said than done, but I want to give it a shot.

If I had to put it in steps, I guess it'd be something like this :lol:

1) Candle color gives direction.
2) Horizontal line gives entry.
3) Statistics give exit.
4) Common sense cuts losers early.

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TheRumpledOne
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Re: TRO TRADING VIDEOS

Postby TheRumpledOne » Wed Jan 09, 2019 5:13 pm

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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Thank you for your support.


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