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Trading Journal - Reversal Bars


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Trading Journal - Reversal Bars

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  #101 (permalink)
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Adv/TT
Trading: CL, GC, TF
 
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Posts: 416 since Oct 2011
Thanks: 42 given, 373 received

No trades today.

Trade Results: 34 Trades. 23 Wins / 11 Losses. Ratio: 67.65%. MTD: +15 ticks (per 1 lot) YTD: +255 ticks (per 1 lot)

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  #102 (permalink)
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Adv/TT
Trading: CL, GC, TF
 
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Posts: 416 since Oct 2011
Thanks: 42 given, 373 received

Contract: Gold
Entry signal: Inside Bar Long
Entry price: 1270.5 (red)
Exit price: 1271.5 (green) Target
Entry time:6:37 A.M. (Pacific Time)
Ticks: +10 (per 1 lot)

Missed the inside bar short earlier at around 5:40 AM. It was a better trade. But both were winners.



Trade Results: 35 Trades. 24 Wins / 11 Losses. Ratio: 68.57%. MTD: +25 ticks (per 1 lot) YTD: +265 ticks (per 1 lot)

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  #103 (permalink)
Irvine, CA
 
Experience: Intermediate
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Trading: CL, GC, TF
 
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Posts: 416 since Oct 2011
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No trades today.

Trade Results: 35 Trades. 24 Wins / 11 Losses. Ratio: 68.57%. MTD: +25 ticks (per 1 lot) YTD: +265 ticks (per 1 lot)

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  #104 (permalink)
Los Angeles, CA
 
 
Posts: 68 since Dec 2011
Thanks: 55 given, 31 received

Following along here and want to make sure I am fully understanding your set up.

Please correct me if I am wrong on anything.

1. In an uptrend you are looking for a bear reversal signal where the signal bar features a low that is lower than the previous bar low and a high that is lower than the previous bar high. You would then go short on a trade below the signal bar low.

2. In a downtrend you are looking for a bullish reversal signal where the signal bar features a low that is higher than the previous bar's low along with a high that his higher than the previous bar's high. You would then enter a long position above the signal bar high.

3. The signal bars must close opposite the previous bar. For example, for a bullish reversal signal to be valid, it must close higher than where it opened AND the previous bar must have closed lower than its open.

4. Ignore reversal signals/set ups in steep trends unless the reversals are in the direction of the trend in the timeframe being traded.

5. You also use inside day bars as signals/set ups.

Is this summary correct?

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  #105 (permalink)
Irvine, CA
 
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Posts: 416 since Oct 2011
Thanks: 42 given, 373 received


JTurner77 View Post
Following along here and want to make sure I am fully understanding your set up.

Please correct me if I am wrong on anything.

1. In an uptrend you are looking for a bear reversal signal where the signal bar features a low that is lower than the previous bar low and a high that is lower than the previous bar high. You would then go short on a trade below the signal bar low.

2. In a downtrend you are looking for a bullish reversal signal where the signal bar features a low that is higher than the previous bar's low along with a high that his higher than the previous bar's high. You would then enter a long position above the signal bar high.

3. The signal bars must close opposite the previous bar. For example, for a bullish reversal signal to be valid, it must close higher than where it opened AND the previous bar must have closed lower than its open.

4. Ignore reversal signals/set ups in steep trends unless the reversals are in the direction of the trend in the timeframe being traded.

5. You also use inside day bars as signals/set ups.

Is this summary correct?

Dead on!!

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  #106 (permalink)
Los Angeles, CA
 
 
Posts: 68 since Dec 2011
Thanks: 55 given, 31 received

When looking at charts, I sometimes notice instances where the the signal bar closes on its low (or high) and the next bar where you are supposed to enter the trade one tick below/above opens where the previous bar closed and continues to run in the direction of your trade.

How do you handle these situations?

I am presuming that before you can even enter your orders that the market is moving through your entry point. Do you just place a market order at that time and hope the price moves back and fills you or do you just suck it up and place a market order so you don't get left behind?

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  #107 (permalink)
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
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Trading: CL, GC, TF
 
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Posts: 416 since Oct 2011
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JTurner77 View Post
When looking at charts, I sometimes notice instances where the the signal bar closes on its low (or high) and the next bar where you are supposed to enter the trade one tick below/above opens where the previous bar closed and continues to run in the direction of your trade.

How do you handle these situations?

I am presuming that before you can even enter your orders that the market is moving through your entry point. Do you just place a market order at that time and hope the price moves back and fills you or do you just suck it up and place a market order so you don't get left behind?

I use limit orders to get in. On all of these postings I was filled with a limit order.

The market will move around even though it may look like it moved in a linear direction in the direction of my trade. If I don't get filled, I do not chase the market. I don't post the trades that I missed.

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  #108 (permalink)
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Adv/TT
Trading: CL, GC, TF
 
tradethetick's Avatar
 
Posts: 416 since Oct 2011
Thanks: 42 given, 373 received

No trades today.

Trade Results: 35 Trades. 24 Wins / 11 Losses. Ratio: 68.57%. MTD: +25 ticks (per 1 lot) YTD: +265 ticks (per 1 lot)

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  #109 (permalink)
Los Angeles, CA
 
 
Posts: 68 since Dec 2011
Thanks: 55 given, 31 received


tradethetick View Post
I use limit orders to get in. On all of these postings I was filled with a limit order.

The market will move around even though it may look like it moved in a linear direction in the direction of my trade. If I don't get filled, I do not chase the market. I don't post the trades that I missed.

Have you tracked the trades that you missed to see what their end result would have been?

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  #110 (permalink)
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Adv/TT
Trading: CL, GC, TF
 
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Posts: 416 since Oct 2011
Thanks: 42 given, 373 received



JTurner77 View Post
Have you tracked the trades that you missed to see what their end result would have been?

If I miss a trade on a limit order it is always a winner. I leave my resting order on until it hits my target. Once price hits the target, I remove the order. So if I don't get filled at all then I don't post it.

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