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Trading Journal - Reversal Bars


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Trading Journal - Reversal Bars

  #141 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
Platform: Sierra Chart
Trading: ES, YM
Frequency: Several times daily
Duration: Minutes
Posts: 8,168 since Jan 2013
Thanks Given: 57,419
Thanks Received: 26,276

I just came across this interesting thread and decided to follow it.

I ought to, and will, read it from the beginning, but the first thing I noticed is that, at least in the recent posts, you often take just one trade in a day, and also often skip the day. Is limiting your number of trades a choice in order to limit your exposure to the market, or is it just that you have to wait for your setups? (And of course, it could be both.)

Anyway, it's interesting to see someone taking relatively few trades, when most people posting here probably take too many....

(By the way, results to date show you're doing something right .)

Thanks for the journal. Good luck in your trading.

Bob.

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  #142 (permalink)
 
tradethetick's Avatar
 tradethetick 
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Adv/TT
Trading: CL, GC, TF
Posts: 416 since Oct 2011
Thanks Given: 42
Thanks Received: 374


bobwest View Post
I just came across this interesting thread and decided to follow it.

I ought to, and will, read it from the beginning, but the first thing I noticed is that, at least in the recent posts, you often take just one trade in a day, and also often skip the day. Is limiting your number of trades a choice in order to limit your exposure to the market, or is it just that you have to wait for your setups? (And of course, it could be both.)

Anyway, it's interesting to see someone taking relatively few trades, when most people posting here probably take too many....

(By the way, results to date show you're doing something right .)

Thanks for the journal. Good luck in your trading.

Bob.

Thanks Bob. I have a very specific setups so that limits the number trades. And I only trade the first couple of hours of each market in only trade 3 markets (GC, CL, TF). I am done trading by 8 am (PST) each day so that limits me as well. I do like the return of this approach but it takes a lot of patience.

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  #143 (permalink)
 
tradethetick's Avatar
 tradethetick 
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Adv/TT
Trading: CL, GC, TF
Posts: 416 since Oct 2011
Thanks Given: 42
Thanks Received: 374


No trades today.

Trade Results: 42 Trades. 30 Wins / 12 Losses. Ratio: 71.43%. MTD: +47 ticks (per 1 lot) YTD: +328 ticks (since March)

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  #144 (permalink)
 
tradethetick's Avatar
 tradethetick 
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Adv/TT
Trading: CL, GC, TF
Posts: 416 since Oct 2011
Thanks Given: 42
Thanks Received: 374

No trades today.

Trade Results: 42 Trades. 30 Wins / 12 Losses. Ratio: 71.43%. MTD: +47 ticks (per 1 lot) YTD: +328 ticks (since March)

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  #145 (permalink)
 
tradethetick's Avatar
 tradethetick 
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Adv/TT
Trading: CL, GC, TF
Posts: 416 since Oct 2011
Thanks Given: 42
Thanks Received: 374

Contract: Crude Oil
Entry signal: Reversal Bar Short
Entry price: 98.21 (red)
Exit price: 98.31 (green) Stop - High Tick
Entry time: 7:30 A.M. (Pacific Time)
Ticks: -10 (per 1 lot)



Trade Results: 43 Trades. 30 Wins / 13 Losses. Ratio: 69.77%. MTD: -10 ticks (per 1 lot) YTD: +318 ticks (since March)

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  #146 (permalink)
 
tradethetick's Avatar
 tradethetick 
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Adv/TT
Trading: CL, GC, TF
Posts: 416 since Oct 2011
Thanks Given: 42
Thanks Received: 374

Contract: Crude Oil
Entry signal: Reversal Bar Long
Entry price: 98.08 (green)
Exit price: 97.94 (red) Stop
Entry time: 6:45 A.M. (Pacific Time)
Ticks: -14 (per 1 lot)



Trade Results: 44 Trades. 30 Wins / 14 Losses. Ratio: 68.18%. MTD: -24 ticks (per 1 lot) YTD: +304 ticks (since March)

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  #147 (permalink)
 
tradethetick's Avatar
 tradethetick 
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Adv/TT
Trading: CL, GC, TF
Posts: 416 since Oct 2011
Thanks Given: 42
Thanks Received: 374

No trades today.

Trade Results: 44 Trades. 30 Wins / 14 Losses. Ratio: 68.18%. MTD: -24 ticks (per 1 lot) YTD: +304 ticks (since March)

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  #148 (permalink)
 
tradethetick's Avatar
 tradethetick 
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Adv/TT
Trading: CL, GC, TF
Posts: 416 since Oct 2011
Thanks Given: 42
Thanks Received: 374

Contract: Crude Oil
Entry signal: Reversal Bar Long
Entry price: 96.89 (green)
Exit price: 97.08 (red) Target
Entry time: 7:00 A.M. (Pacific Time)
Ticks: +18 (per 1 lot)



Trade Results: 45 Trades. 31 Wins / 14 Losses. Ratio: 68.89%. MTD: -6 ticks (per 1 lot) YTD: +322 ticks (since March)

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  #149 (permalink)
 
tradethetick's Avatar
 tradethetick 
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Adv/TT
Trading: CL, GC, TF
Posts: 416 since Oct 2011
Thanks Given: 42
Thanks Received: 374

Busiest day so far this year!!

Contract: Gold
Entry signal: Inside Bar Long
Entry price: 1311.0 (green)
Exit price: 1312.5 (red) Target
Entry time: 5:55 A.M. (Pacific Time)
Ticks: +15 (per 1 lot)



--------------------------------------------------------------------------------

Contract: Gold
Entry signal: Reversal Bar Short
Entry price: 1313.0 (green)
Exit price: 1310.8 (red) Target
Entry time: 6:49 A.M. (Pacific Time)
Ticks: +22 (per 1 lot)



--------------------------------------------------------------------------------

Contract: Russell
Entry signal: Inside Bar Short
Entry price: 1120.0 (red)
Exit price: 1120.0 (green) Scratch
Entry time: 7:15 A.M. (Pacific Time)
Ticks: 0 (per 1 lot)

My target was 1118.1 I moved my stop to BE, price moved up and took out my stop, then went back down to target.




Trade Results: 48 Trades. 34 Wins / 14 Losses. Ratio: 70.83%. MTD: +31 ticks (per 1 lot) YTD: +359 ticks (since March)

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  #150 (permalink)
 
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 lsubeano 
hollywood
 
Experience: Intermediate
Platform: thinkorswim
Broker: TD
Trading: futures
Posts: 213 since Jun 2010
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Nice trading today!

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Last Updated on February 2, 2015


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