TRO TRADING VIDEOS

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TheRumpledOne
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Re: TRO TRADING VIDEOS

Postby TheRumpledOne » Wed Jan 09, 2019 8:50 pm

BlindMan wrote:...
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.


TRO001.png
TRO001.png (73.85 KiB) Viewed 272 times


Yes, the buy zone. With directional bias toward the pivot point when pivot point above the buy trigger or below the sell short trigger. Simple enough a caveman could do it...LOL!
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LeMercenaire
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Re: TRO TRADING VIDEOS

Postby LeMercenaire » Wed Jan 09, 2019 9:53 pm

BlindMan wrote: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.


You also should remember how hugely powerful The Daily Wick Zone method is. It's like fishing in a barrel.

USDCAD is also the star profit-like-clockwork performer on my Dead Zone method. One of the guys "over there" has made it his speciality trade.

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Re: TRO TRADING VIDEOS

Postby LeMercenaire » Wed Jan 09, 2019 9:58 pm

TheRumpledOne wrote:
BlindMan wrote:...
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.


TRO001.png

Yes, the buy zone. With directional bias toward the pivot point when pivot point above the buy trigger or below the sell short trigger. Simple enough a caveman could do it...LOL!


Is that Buy Zone the one that operates off each new H1 candle, or the original Session Open one?

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TheRumpledOne
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Re: TRO TRADING VIDEOS

Postby TheRumpledOne » Thu Jan 10, 2019 5:34 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 TheRumpledOne » Thu Jan 10, 2019 5:36 pm

LeMercenaire wrote:
TheRumpledOne wrote:
BlindMan wrote:...
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.


TRO001.png

Yes, the buy zone. With directional bias toward the pivot point when pivot point above the buy trigger or below the sell short trigger. Simple enough a caveman could do it...LOL!


Is that Buy Zone the one that operates off each new H1 candle, or the original Session Open one?


The original session open Buy Zone. Daily Buy Zone. Trading with the D1 candle color.
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Re: TRO TRADING VIDEOS

Postby TheRumpledOne » Fri Jan 11, 2019 5:40 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 14, 2019 4:18 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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TheRumpledOne
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Re: TRO TRADING VIDEOS

Postby TheRumpledOne » Mon Jan 14, 2019 4:40 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 » Tue Jan 15, 2019 7:19 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 » Wed Jan 16, 2019 4:05 pm

TheRumpledOne wrote:
BlindMan wrote:...
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.


TRO001.png

Yes, the buy zone. With directional bias toward the pivot point when pivot point above the buy trigger or below the sell short trigger. Simple enough a caveman could do it...LOL!


I might as well change my name from BlindMan to CaveMan now lol.

I'm using the H1 now because it's useful for scratching trades, if a candle closes inside the buy zone I just scratch the trade for a smaller loss. No need to let it run to the full stop.

BZ.png
BZ.png (31.33 KiB) Viewed 102 times


In the past a situation like this would've wiped out my profits because I'd be trading up and down getting stopped out in each direcion. The so called "whispaw". Today I was able to trade this and end the day with a profit. The fear of "whipsaw" is gone.

Enter, scratch, see that the average daily range hasn't been hit, re-enter at the next opportunity, profit. "And what if it reverses?" Then I'll scratch again. It's not like I'm going to scratch 60 trades in a day anyway. I don't overtrade. As long as the average daily range hasn't been hit I have a good chance that price will make a move away from the buyzone that I'll be able to take advantage of.

Simple is better. Thanks TRO.

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