Video 4: TRO RAT ZONE.
Two different things, 1) rat zone, 2) rat reversal.
1) rat zone, 20 pips from high of the day=RED RAT ZONE, and 20 pips from the low of the day=GREEN RAT ZONE.
Question: must we wait for the daily candle to close before knowing that is the low/high of the day?
2) rat reversal, is looking at the candles for a particular sequence.
2.1) Red rat reversal: looking to sell. must be within the red rat zone. green candle close then a red candle closes, enter a short at the low of the previous red candle close. based on statistics, i love statistics. 66% of the time, D1 candle has wicks about or more than 20 pips.
Question, where to place my stop loss?
Q2, I can do the rat reversal on any lower timeframe? m1,m5,m15,m30?
2.2) green rat reversal, just opposite of 2.1
Didn't see a RAT_ZONE_WHITE template, so had to put on the indicator, remove the grid, change the background, foreground & candle colour, chart shift the fella, and saved the template.
TRO TRADING VIDEOS
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Re: TRO TRADING VIDEOS
Anyway, what is "weak LWP"?
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Re: TRO TRADING VIDEOS
Video 5: Daily Wick Zone.
I can't seem to find the template daily wick zone white...
TRO_WICK_ZONES indicator is the wrong one for this...
TRO2015_WICK_BAR.tpl looks similar but do not have the panel or shaded box...
TRO2016_MP_Multimeter_WickZone.tpl doesn't look right...
TRO_Multi_Meter_Wick_Zone.tpl not quite as well...
Anyway, I listened further and I can actually plot the open,close,high,low myself..
Question:75% of the time, price will break the previous D1 high/low, but for how many pips?
Anyway, I tried trading with Rat reversal zone, got stopped out twice, always thought it was already the low of the day, enter once on m5, enter once on m1, hehe, got excited... stop loss was the low of the day, Risk Reward is 1:1. Entered the Rat reversal trade on m5 again, hope the 3rd time is a winner.
I can't seem to find the template daily wick zone white...
TRO_WICK_ZONES indicator is the wrong one for this...
TRO2015_WICK_BAR.tpl looks similar but do not have the panel or shaded box...
TRO2016_MP_Multimeter_WickZone.tpl doesn't look right...
TRO_Multi_Meter_Wick_Zone.tpl not quite as well...
Anyway, I listened further and I can actually plot the open,close,high,low myself..
Question:75% of the time, price will break the previous D1 high/low, but for how many pips?
Anyway, I tried trading with Rat reversal zone, got stopped out twice, always thought it was already the low of the day, enter once on m5, enter once on m1, hehe, got excited... stop loss was the low of the day, Risk Reward is 1:1. Entered the Rat reversal trade on m5 again, hope the 3rd time is a winner.
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Re: TRO TRADING VIDEOS
Video 6: Trading is simple.
More of a rant to Sonic R system.
Some dragon puffing smoke I guess.
I'm still in that EU Buy rat reversal zone trade. lol, been quite a while. coming to 35 mins... may the statistic be in my favor...
Found the TRO_Range_Gauge indicator and sticked it to my charts.
More of a rant to Sonic R system.
Some dragon puffing smoke I guess.
I'm still in that EU Buy rat reversal zone trade. lol, been quite a while. coming to 35 mins... may the statistic be in my favor...
Found the TRO_Range_Gauge indicator and sticked it to my charts.
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Re: TRO TRADING VIDEOS
Video 7: How to use the TRO multimeters
Using the candle colour multimeter indicator:
Always trade in the direction of the same candle colour on W1, D1, H4, H1:
If W1, D1, H4 and H1 is red, look for a sell
If W1, D1, H4 and H1 is green, look for a buy
looked at previous mid point multimeter and previous mid point dots...
also as an exit strategy, in a sell trade, price closed above the mid point, exit the trade.
I really like the mid point dots.
this is my 3rd stopped out trade, please tell me if i did anything wrong...
Using the candle colour multimeter indicator:
Always trade in the direction of the same candle colour on W1, D1, H4, H1:
If W1, D1, H4 and H1 is red, look for a sell
If W1, D1, H4 and H1 is green, look for a buy
looked at previous mid point multimeter and previous mid point dots...
also as an exit strategy, in a sell trade, price closed above the mid point, exit the trade.
I really like the mid point dots.
this is my 3rd stopped out trade, please tell me if i did anything wrong...
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Re: TRO TRADING VIDEOS
nice MO, different time frame, same logic. appreciate it alot. thumbs up
- TheRumpledOne
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Re: TRO TRADING VIDEOS
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
- TheRumpledOne
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Re: TRO TRADING VIDEOS
TheCrumpledOne wrote:this is my 3rd stopped out trade, please tell me if i did anything wrong...
You are not taking profit when you can.
One pip profit better than a loss any day of the week.
Start slow.
Make 1 pip.
Then 2 pips.
You will get a feel when to stick and when to bail.
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
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