TRO TRADING VIDEOS

[TheRumpledOne]

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Even during the Asian market price has to range.

[TheRumpledOne]

[TheRumpledOne]

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What is the reason some traders are having a hard time?

[Jhx]

TRO001.png

What is the reason some traders are having a hard time?

Full transparency on this experiment, I'm currently at trade #36, trading microlots.

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Which is about 17~ net pips after 36 trades (after spread and commissions).

I can't quite put my finger on what exactly I'm doing wrong (I'd like to think that I'm not doing everything wrong because I'm at least not in the negative), but I do identify the things I'm struggling with:

1) When to cut a losing trade without being too tight. I don't always let it run to the full stop, but still my average loss is around 7.8~ pips. Those exits in the negative usually consist of waiting until the candle goes through a previous candle's low / high (or if the current candle is just going against me very fast). I will also very rarely exit at breakeven, I tend to exit with profit or with a loss.
2) I don't know how to (or if I should) re-enter within the same hour. I don't know if the Walmal method states something on that.
3) When not to take the trade at the line. I've been taking only the first H1 line break, no bias, in some cases I even traded against something that I didn't like on the chart because I didn't want to "think and start filtering trades" (and avoid second guessing myself). Sometimes it worked and sometimes it didn't.

For what it's worth, I think I'm slowly getting better at taking profit (I think) based on what I see in the current candle and looking left if there's a recent candle/group of candles where price got rejected from, and I'm fine leaving pips on the table.

The method works just fine, I just want to improve myself and my performance. My current goal with this is to -try- to end the day/session in the positive, but I'm not there yet (I've had a couple of losing days and a bad day might push me quite back a bit).

Once again, thanks for posting these videos on the Walmal method, it's also useful because I can follow along based on what I trade every day.

[TheRumpledOne]

[TheRumpledOne]

Full transparency on this experiment, I'm currently at trade #36, trading microlots.


Which is about 17~ net pips after 36 trades (after spread and commissions).

I can't quite put my finger on what exactly I'm doing wrong (I'd like to think that I'm not doing everything wrong because I'm at least not in the negative), but I do identify the things I'm struggling with:

1) When to cut a losing trade without being too tight. I don't always let it run to the full stop, but still my average loss is around 7.8~ pips. Those exits in the negative usually consist of waiting until the candle goes through a previous candle's low / high (or if the current candle is just going against me very fast). I will also very rarely exit at breakeven, I tend to exit with profit or with a loss.
2) I don't know how to (or if I should) re-enter within the same hour. I don't know if the Walmal method states something on that.
3) When not to take the trade at the line. I've been taking only the first H1 line break, no bias, in some cases I even traded against something that I didn't like on the chart because I didn't want to "think and start filtering trades" (and avoid second guessing myself). Sometimes it worked and sometimes it didn't.

For what it's worth, I think I'm slowly getting better at taking profit (I think) based on what I see in the current candle and looking left if there's a recent candle/group of candles where price got rejected from, and I'm fine leaving pips on the table.

The method works just fine, I just want to improve myself and my performance. My current goal with this is to -try- to end the day/session in the positive, but I'm not there yet (I've had a couple of losing days and a bad day might push me quite back a bit).

Once again, thanks for posting these videos on the Walmal method, it's also useful because I can follow along based on what I trade every day.

1) read the price action.
2) read the price action.
3) read the price action.

[Madzi]

Full transparency on this experiment, I'm currently at trade #36, trading microlots.


Which is about 17~ net pips after 36 trades (after spread and commissions).

I can't quite put my finger on what exactly I'm doing wrong (I'd like to think that I'm not doing everything wrong because I'm at least not in the negative), but I do identify the things I'm struggling with:

1) When to cut a losing trade without being too tight. I don't always let it run to the full stop, but still my average loss is around 7.8~ pips. Those exits in the negative usually consist of waiting until the candle goes through a previous candle's low / high (or if the current candle is just going against me very fast). I will also very rarely exit at breakeven, I tend to exit with profit or with a loss.
2) I don't know how to (or if I should) re-enter within the same hour. I don't know if the Walmal method states something on that.
3) When not to take the trade at the line. I've been taking only the first H1 line break, no bias, in some cases I even traded against something that I didn't like on the chart because I didn't want to "think and start filtering trades" (and avoid second guessing myself). Sometimes it worked and sometimes it didn't.

For what it's worth, I think I'm slowly getting better at taking profit (I think) based on what I see in the current candle and looking left if there's a recent candle/group of candles where price got rejected from, and I'm fine leaving pips on the table.

The method works just fine, I just want to improve myself and my performance. My current goal with this is to -try- to end the day/session in the positive, but I'm not there yet (I've had a couple of losing days and a bad day might push me quite back a bit).

Once again, thanks for posting these videos on the Walmal method, it's also useful because I can follow along based on what I trade every day.

1) read the price action.
2) read the price action.
3) read the price action.

I echo what the TRO already said, "read the price action" . Sounds like a cop out answer, but it is the truth. Second thought, you are trading .01 Lots or a micro-lot and paying .12 plus a spread for that priviledge. To put that in perspective, you are giving away 1.2 pips PLUS whateverever your spread is at the time of the entry or exit (Depending whether it is a buy or sell...) When you are scalping, you potentially are giving up 1/3 of your potential profit if you are looking to take 3 to 5 pips... Just something to consider. There are brokers who give a better rate than that. I won't give a broker recomendation, because there are other factors as to why you select a prospective broker. I would just make google your friend and research....

[Jhx]

Full transparency on this experiment, I'm currently at trade #36, trading microlots.


Which is about 17~ net pips after 36 trades (after spread and commissions).

I can't quite put my finger on what exactly I'm doing wrong (I'd like to think that I'm not doing everything wrong because I'm at least not in the negative), but I do identify the things I'm struggling with:

1) When to cut a losing trade without being too tight. I don't always let it run to the full stop, but still my average loss is around 7.8~ pips. Those exits in the negative usually consist of waiting until the candle goes through a previous candle's low / high (or if the current candle is just going against me very fast). I will also very rarely exit at breakeven, I tend to exit with profit or with a loss.
2) I don't know how to (or if I should) re-enter within the same hour. I don't know if the Walmal method states something on that.
3) When not to take the trade at the line. I've been taking only the first H1 line break, no bias, in some cases I even traded against something that I didn't like on the chart because I didn't want to "think and start filtering trades" (and avoid second guessing myself). Sometimes it worked and sometimes it didn't.

For what it's worth, I think I'm slowly getting better at taking profit (I think) based on what I see in the current candle and looking left if there's a recent candle/group of candles where price got rejected from, and I'm fine leaving pips on the table.

The method works just fine, I just want to improve myself and my performance. My current goal with this is to -try- to end the day/session in the positive, but I'm not there yet (I've had a couple of losing days and a bad day might push me quite back a bit).

Once again, thanks for posting these videos on the Walmal method, it's also useful because I can follow along based on what I trade every day.

1) read the price action.
2) read the price action.
3) read the price action.

I echo what the TRO already said, "read the price action" . Sounds like a cop out answer, but it is the truth. Second thought, you are trading .01 Lots or a micro-lot and paying .12 plus a spread for that priviledge. To put that in perspective, you are giving away 1.2 pips PLUS whateverever your spread is at the time of the entry or exit (Depending whether it is a buy or sell...) When you are scalping, you potentially are giving up 1/3 of your potential profit if you are looking to take 3 to 5 pips... Just something to consider. There are brokers who give a better rate than that. I won't give a broker recomendation, because there are other factors as to why you select a prospective broker. I would just make google your friend and research....

Thank you very much for your answers and the last videos guys. This method is helping me get some much needed trading mileage, hopefully with time things will start coming together.

I'll also look into the broker thing, maybe I can find something with a better rate. These days it must've been an average of 2.5 (even 3~) per trade between spread and commission, even a single pip difference on every trade would've added up in those 36 trades, but I don't know how much lower I can get it.

[TheRumpledOne]

[TheRumpledOne]

I echo what the TRO already said, "read the price action" . Sounds like a cop out answer, but it is the truth. Second thought, you are trading .01 Lots or a micro-lot and paying .12 plus a spread for that priviledge. To put that in perspective, you are giving away 1.2 pips PLUS whateverever your spread is at the time of the entry or exit (Depending whether it is a buy or sell...) When you are scalping, you potentially are giving up 1/3 of your potential profit if you are looking to take 3 to 5 pips... Just something to consider. There are brokers who give a better rate than that. I won't give a broker recomendation, because there are other factors as to why you select a prospective broker. I would just make google your friend and research....

Yes, find a broker you can tolerate. Notice I did not say LIKE!

You have to pay to play this game.

My focus is on trading not on commissions and spreads.