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Trading Journal - Reversal Bars


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Trading Journal - Reversal Bars

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  #171 (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: 52 Trades. 38 Wins / 14 Losses. Ratio: 73.08%. MTD: +60 ticks (per 1 lot) YTD: +419 ticks (since March)

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  #172 (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: Crude Oil
Entry signal: Reversal Bar Short
Entry price: 94.07 (green)
Exit price: 93.92 (red)
Entry time: 7:50 A.M. (Pacific Time)
Ticks: +15 (per 1 lot)



Trade Results: 53 Trades. 39 Wins / 14 Losses. Ratio: 75%. MTD: +75 ticks (per 1 lot) YTD: +434 ticks (since March)

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  #173 (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: Crude Oil
Entry signal: Reversal Bar Long
Entry price: 91.36 (green)
Exit price: 91.48 (red)
Entry time: 7:34 A.M. (Pacific Time)
Ticks: +12 (per 1 lot)



Trade Results: 54 Trades. 40 Wins / 14 Losses. Ratio: 74.07%. MTD: +87 ticks (per 1 lot) YTD: +446 ticks (since March)

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  #174 (permalink)
Buckeye Nation
 
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tradethetick View Post
Contract: Crude Oil
Entry signal: Inside Bar Long
Entry price: 102.60 (green)
Exit price: 102.50 (red) Stop
Entry time: 6:54 A.M. (Pacific Time)
Ticks: -10 (per 1 lot)



Trade Results: 40 Trades. 28 Wins / 12 Losses. Ratio: 70%. MTD: +25 ticks (per 1 lot) YTD: +306 ticks (per 1 lot)

Why is this a long? Should you be looking for shorts? I know I am looking at this afterwards, but the downward thrust bars might have suggested a strong down trend.

Great work on your journal and staying with your setup.

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  #175 (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


kulu View Post
Why is this a long? Should you be looking for shorts? I know I am looking at this afterwards, but the downward thrust bars might have suggested a strong down trend.

Great work on your journal and staying with your setup.

The trend was not that strong in oil when I took the trade. Ideally, taking a reversal in the direction of the price direction is easier emotionally. However, reversal bars can also reverse a trend. I have found that as long as the trend is not too strong, then reversal bars can be taken either way.

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  #176 (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: 54 Trades. 40 Wins / 14 Losses. Ratio: 74.07%. MTD: +87 ticks (per 1 lot) YTD: +446 ticks (since March)

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  #177 (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: 54 Trades. 40 Wins / 14 Losses. Ratio: 74.07%. MTD: +87 ticks (per 1 lot) YTD: +446 ticks (since March)

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  #178 (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: Gold
Entry signal: Reversal Bar Long
Entry price: 1218.9 (green)
Exit price: 1217.7 (red)
Entry time: 6:44 A.M. (Pacific Time)
Ticks: -12 (per 1 lot)



Trade Results: 55 Trades. 40 Wins / 15 Losses. Ratio: 72.73%. MTD: +75 ticks (per 1 lot) YTD: +434 ticks (since March)

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  #179 (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: Crude Oil
Entry signal: Inside Bar Short
Entry price: 93.10 (red)
Exit price: 93.00 (green) Target
Entry time: 7:06 A.M. (Pacific Time)
Ticks: +10 (per 1 lot)



Trade Results: 56 Trades. 41 Wins / 15 Losses. Ratio: 73.21%. MTD: +85 ticks (per 1 lot) YTD: +444 ticks (since March)

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  #180 (permalink)
Eugene, Or. USA
 
 
Posts: 18 since Sep 2014


Very informative journal you have here.
The trade frequency and your discipline is commendable.
A 73+% win rate and a nearly 3 to 1 WL ratio is a very tradable and potentially very profitable methodology.

Now something for you to give some thought to.......
A good friend of mine who is a professional trader ask me this the other day and what I thought it could mean to my profit margin.

"When you took your last ten trades, how much did you risk per trade? Think about it seriously and then ask yourself "Why did I trade that particular amount"

This can relate directly to your profit factor and the edge you have trading the method you are using.

Keep up the good work.

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