Trading Journal - Reversal Bars - futures io
futures io futures trading



Trading Journal - Reversal Bars


Discussion in Trading Journals

Updated by lsubeano
      Top Posters
    1. looks_one tradethetick with 209 posts (157 thanks)
    2. looks_two JTurner77 with 12 posts (1 thanks)
    3. looks_3 lolu with 4 posts (0 thanks)
    4. looks_4 mlarocco with 2 posts (0 thanks)
      Best Posters
    1. looks_one VolTrading with 2.0 thanks per post
    2. looks_two johnedoe with 1.0 thanks per post
    3. looks_3 Tasker_182 with 1.0 thanks per post
    4. looks_4 tradethetick with 0.8 thanks per post
    1. trending_up 24,511 views
    2. thumb_up 168 thanks given
    3. group 31 followers
    1. forum 248 replies
    2. attach_file 1 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Trading Journal - Reversal Bars

(login for full post details)
  #121 (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


JTurner77 View Post
Can you provide greater detail on the manner in which your winning and losing trades behave after you put them on.

I am curious to know if your winning trades generally go into the green immediately and reach your profit target with minimal time spent in the red. Or if it is a struggle or grind at first with the market inching its way toward your profit target?

How do the losers act?

In my head it would seem that since you are basically getting stopped into a trade with the market sweeping you into your position (long or short) and that these are reversal trades that most of these entries move pretty quickly and without much stress.

And if this is true, I wonder if the losers sort of bounce around and exhibit different tendencies before getting stopped out.

I don't usually watch it after I am filled. But I have to say that the winners usually happen quicker than the losers. In fact, after one bar I am moving my stop closer to my entry based on price movement.

Reply With Quote
The following user says Thank You to tradethetick for this post:

Can you help answer these questions
from other members on futures io?
Convert H Data TS to NT
NinjaTrader
fibonacci retracements settings not saved in investing
Traders Hideout
Hedging strategy with free money
Traders Hideout
Indicator Conversion
Sierra Chart
Webinar: Trading and Hedging Gold Futures and Options w/Carley Garner
Options
 
 
(login for full post details)
  #122 (permalink)
Los Angeles, CA
 
 
Posts: 68 since Dec 2011
Thanks: 55 given, 31 received

I wonder if you might be able to increase your profits and decrease your risk by using a time stop instead of a dollar/tick stop on the trades that go against you.

I am not suggesting you alter or modify your set up at the moment since you have a high degree of comfort/confidence with it and you are making money with it. But, perhaps, you might want to consider tracking in better detail how the losers behave and see if you are better off using a different kind of stop.

You might be able to shave some ticks off those stops or even scratch them out for a couple tick loss if they don't immediately move in your favor. Of course, if your winners bounce around for a bit you could end up stopping out on winning trades as well.

However, since you said that they seem to go your way right away there could be some benefit. Either way, I think you might benefit from tracking your trades in a more substantive way (with regard to how they react/behave once you put them on).

Just some thoughts.

Reply With Quote
The following user says Thank You to JTurner77 for this post:
 
(login for full post details)
  #123 (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: 36 Trades. 25 Wins / 11 Losses. Ratio: 69.44%. MTD: 0 ticks (per 1 lot) YTD: +281 ticks (per 1 lot)

Reply With Quote
 
(login for full post details)
  #124 (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: 36 Trades. 25 Wins / 11 Losses. Ratio: 69.44%. MTD: 0 ticks (per 1 lot) YTD: +281 ticks (per 1 lot)

Reply With Quote
 
(login for full post details)
  #125 (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: 36 Trades. 25 Wins / 11 Losses. Ratio: 69.44%. MTD: 0 ticks (per 1 lot) YTD: +281 ticks (per 1 lot)

Reply With Quote
The following user says Thank You to tradethetick for this post:
 
(login for full post details)
  #126 (permalink)
Toronto, Ontario, Canada
 
Experience: Advanced
Platform: Ninja, MultiCharts
Trading: ES
 
Posts: 14 since Feb 2014
Thanks: 35 given, 17 received

Your thread is very cool, brave and honest. Much appreciated.

I noticed in several of the posted charts that price moves well beyond your target. You also mentioned that on winners price moves quickly to the target. A suggestion would be to move a tranche of your exit target orders further out if you see rapid progress.

Hard to know how this will impact trades where the direction looks good then fades, or on trades that are good but don't make it to the the further exit level.

This doesn't help for a single contract, and introduces more discretion than you probably are looking for. But by now you've probably got a pretty good feel for when this is happening and it looks like 5 - 10 extra ticks on the runners.

Hope this helps.

Reply With Quote
The following 2 users say Thank You to VolTrading for this post:
 
(login for full post details)
  #127 (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


VolTrading View Post
Your thread is very cool, brave and honest. Much appreciated.

I noticed in several of the posted charts that price moves well beyond your target. You also mentioned that on winners price moves quickly to the target. A suggestion would be to move a tranche of your exit target orders further out if you see rapid progress.

Hard to know how this will impact trades where the direction looks good then fades, or on trades that are good but don't make it to the the further exit level.

This doesn't help for a single contract, and introduces more discretion than you probably are looking for. But by now you've probably got a pretty good feel for when this is happening and it looks like 5 - 10 extra ticks on the runners.

Hope this helps.

That's a good idea. One of the ideas I had was to move the stop to BE after it hit the initial target and let the remainder run.

Reply With Quote
 
(login for full post details)
  #128 (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

Contract: Russell
Entry signal: Reversal Bar Long
Entry price: 1168.1 (red)
Exit price: 1269.1 (green) Target
Entry time: 7:06 A.M. (Pacific Time)
Ticks: +10 (per 1 lot)

I was not able to post this on the 9th because the Big Mike website was down.



Trade Results: 37 Trades. 26 Wins / 11 Losses. Ratio: 70.27%. MTD: +10 ticks (per 1 lot) YTD: +291 ticks (per 1 lot)

Reply With Quote
 
(login for full post details)
  #129 (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

2 Trades Today!

Contract: Russell
Entry signal: Reversal Bar Long
Entry price: 1161.0 (green)
Exit price: 1262.2 (red) Target
Entry time: 7:36 A.M. (Pacific Time)
Ticks: +12 (per 1 lot)



Contract: Crude Oil
Entry signal: Inside Bar Long
Entry price: 100.45 (green)
Exit price: 100.58 (red) Target
Entry time: 7:48 A.M. (Pacific Time)
Ticks: +13 (per 1 lot)



Trade Results: 39 Trades. 28 Wins / 11 Losses. Ratio: 71.79%. MTD: +35 ticks (per 1 lot) YTD: +316 ticks (per 1 lot)

Reply With Quote
The following 2 users say Thank You to tradethetick for this post:
 
(login for full post details)
  #130 (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: 39 Trades. 28 Wins / 11 Losses. Ratio: 71.79%. MTD: +35 ticks (per 1 lot) YTD: +316 ticks (per 1 lot)

Reply With Quote
The following user says Thank You to tradethetick for this post:


futures io Trading Community Trading Journals > Trading Journal - Reversal Bars


February 2, 2015


Upcoming Webinars and Events
 

Trading and Hedging Gold Futures & Options w/Carley Garner

Elite only
 

New Bookmap Indicators and Trading Services

Dec 3
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts