Trading TRO SR RR style

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

Fxtraveller
rank: 150+ posts
rank: 150+ posts
Posts: 395
Joined: Thu Nov 27, 2008 2:56 pm
Reputation: 0
Location: UK
Gender: Male

Trading TRO SR RR style

Postby Fxtraveller » Tue May 12, 2009 11:41 pm

Ok, Im starting this thread to finally discipline myself. I will show the trades taken on my real account with micro (0.01) lots. Got a busy life, job, gym, friends, oh and also sleep  so probably 5-8 trades a week at most.
All Times are GMT+1, my server time.
Trading Pairs: EUR/USD, GBP/USD, USD/JPY. EUR/JPY

THE RULES:
Trading method: 1) TRO SR RR (21)

Situation A) Breakout: H1 timeframe: when Support/Resistance of the last 21 bars is broken- take the trade.

S/L= 1-2 pips above/below M15 bar that broke the SUP/RES
TP= whatever I can, 5 pips+

Situation B) Reversal: Enter at the trigger lines. Use M15/M30, if candle opens beyond trigger lines, go to H1.
SL= 2 pips below SUP/RES
TP= at least ? of SL, 5-9 pips.

Trading Method 2) TRO SR TRAIL
10 pip trigger
Trade ONLY with H1
SL= 1-2 pips below high/low
TP= at least 7-8 pips +
(Note: rarely get the chance to be there to take the trade)

If successful, will enhance by trading 0.03 lot. Will be taking 2/3rds at TP1, and leaving the 1/3 on the table to for TP2= 15-20 pips+.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Fxtraveller
rank: 150+ posts
rank: 150+ posts
Posts: 395
Joined: Thu Nov 27, 2008 2:56 pm
Reputation: 0
Location: UK
Gender: Male

Postby Fxtraveller » Tue May 12, 2009 11:43 pm

TRADE N# 1 ; + 7 pips

2009.05.12 @ 16:07
EUR/JPY breakout. SELL at 131.76, buy back at 131.69. Went another 15 pips before a bigger reversal
Attachments
eurjpy breakout.gif
eurjpy breakout.gif (20.3 KiB) Viewed 3414 times

Fxtraveller
rank: 150+ posts
rank: 150+ posts
Posts: 395
Joined: Thu Nov 27, 2008 2:56 pm
Reputation: 0
Location: UK
Gender: Male

Postby Fxtraveller » Thu May 14, 2009 10:52 am

I just CAN NOT believe this. Picked wednesday as my day to work out and thus miss all the good trades, and MOST potential ones played out very well as I analysed the history later on, but I wasnt there to tak them.
Today is thursday, Im trading, waiting for opportunities. And it turns out to be NOT such a good one. But still in overall "profit" , hah.

Anyway, TRADE N#2 USD/JPY -14 pips

SUP breakout at 95.12. Price touched my entry and did not move not 1 pips in my favour :) may consider placing orders at 2 pips beyond SUP/RES. But USD/JPY is not volatile enough, it only provides good SR_Trail Opportunities, so will stick to that.

Also, this trade was at the VERY Low of the week, and the weeks range was very considerable. need to watch out for trades at the end of week as there may not be enough steam left for a prper break out to happen.
Attachments
usdjpy fail.gif
usdjpy fail.gif (22.91 KiB) Viewed 3367 times

Fxtraveller
rank: 150+ posts
rank: 150+ posts
Posts: 395
Joined: Thu Nov 27, 2008 2:56 pm
Reputation: 0
Location: UK
Gender: Male

Postby Fxtraveller » Thu May 14, 2009 11:01 am

TRADE N# 3 ; + 8 pips

2009.05.12 @ 12:34
GBP/USD breakout. SELL at 1.5082, TP at 1.5074.

my BASTARD FX bandit filled me in 3 pips later, my order was at 1.5085. "slippage". but when it comes to TP, their execution is impeccable ! Price jumped to 1.5066, but, of course, filled at the "right" price 5074... rrrg ! this trade could have earned double amount of pips. oh well, tough !

will have to stop trading for today, prices are too jumpy on all pairs, and I dont want lose pips because of "slippage".

might stay away on friday, I would like to end my week with TRO's indicator with profit, which is at the moment = 1 pip or 3 euro cents :D :D
Attachments
gbpusd.gif
gbpusd.gif (22.31 KiB) Viewed 3365 times

Fxtraveller
rank: 150+ posts
rank: 150+ posts
Posts: 395
Joined: Thu Nov 27, 2008 2:56 pm
Reputation: 0
Location: UK
Gender: Male

Postby Fxtraveller » Thu May 14, 2009 11:15 am

Funny things is, I always considered TRO SR RR as a reversal indicator, Iwas concentrating on Go Long/Short triggers, but Im more confident taking breakouts than reversals, lol.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Thu May 14, 2009 11:25 am

Works both ways.
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.

Fxtraveller
rank: 150+ posts
rank: 150+ posts
Posts: 395
Joined: Thu Nov 27, 2008 2:56 pm
Reputation: 0
Location: UK
Gender: Male

Postby Fxtraveller » Thu May 14, 2009 1:23 pm

I know it does, look at the 40 pips profitable trade just below. But I HESITATED !
But this log IS helping me.
Cheers.
Attachments
gbpusd.gif
gbpusd.gif (22.28 KiB) Viewed 3344 times

User avatar
prochargedmopar
rank: 5000+ posts
rank: 5000+ posts
Posts: 5545
Joined: Sat Dec 20, 2008 6:07 am
Reputation: 8
Location: Granbury, TX
Gender: Male
Contact:

Postby prochargedmopar » Thu May 14, 2009 2:52 pm

Good work,
I like the horizontal lines you have there.
Nice.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

Fxtraveller
rank: 150+ posts
rank: 150+ posts
Posts: 395
Joined: Thu Nov 27, 2008 2:56 pm
Reputation: 0
Location: UK
Gender: Male

Postby Fxtraveller » Mon May 18, 2009 1:40 pm

Another day, another pip. Good start of the week

TRADE N#4; +5 pips

2009.05.18 @ 10:18
GBP/USD breakout. BUY at 1.5203, TP at 1.5208
Price went another 20 pips before I even started typing this!
Attachments
gbpusd 18052009.gif
gbpusd 18052009.gif (22.31 KiB) Viewed 3265 times
gbpusd 18052009 and 10 seconds.gif
gbpusd 18052009 and 10 seconds.gif (21.64 KiB) Viewed 3267 times

Fxtraveller
rank: 150+ posts
rank: 150+ posts
Posts: 395
Joined: Thu Nov 27, 2008 2:56 pm
Reputation: 0
Location: UK
Gender: Male

Postby Fxtraveller » Mon May 18, 2009 1:48 pm

TRADE N#5; +6 pips

2009.05.18 @ 10:18
USD/JPY reversal on D1. BUY at 95.37, TP at 95.43. Decided for longer- term trade, with bigger risk and bigger reward. But grabbed the quick profit. Price went another 50 pips which could have been mine. But they are NOT.
Wait for next opportunity.
Attachments
usdjpy 18052009 10 min later.gif
usdjpy 18052009 10 min later.gif (23.47 KiB) Viewed 3264 times
usdjpy 18052009.gif
usdjpy 18052009.gif (23.7 KiB) Viewed 3264 times

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”