Trading Journal - Reversal Bars - Trading Journals | futures io social day trading
futures io futures trading


Trading Journal - Reversal Bars
Updated: Views / Replies:16,757 / 248
Created: by tradethetick Attachments:1

Welcome to futures io.

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

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 1  
 
Thread Tools Search this Thread
 

Trading Journal - Reversal Bars

  #181 (permalink)
Elite Member
Irvine, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Adv/TT
Favorite Futures: CL, GC, TF
 
tradethetick's Avatar
 
Posts: 416 since Oct 2011
Thanks: 42 given, 374 received


johnedoe View Post
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.

Thanks for the comment and support.

I generally risk what the market tells me. Usually between 10 and 20 ticks, which is $100 to $200 per contract. I place my stops according to market structure. Timeframes are picked that meet my stop criteria. You will notice that I trade different timeframes on different days depending based on what the volatility of each market is that I trade in.

Reply With Quote
 
  #182 (permalink)
Banned: Stated cancel membership
Eugene, Or. USA
 
Futures Experience: Intermediate
Platform: other
Favorite Futures: ES
 
Posts: 18 since Sep 2014
Thanks: 1 given, 9 received


tradethetick View Post
Thanks for the comment and support.

I generally risk what the market tells me. Usually between 10 and 20 ticks, which is $100 to $200 per contract. I place my stops according to market structure. Timeframes are picked that meet my stop criteria. You will notice that I trade different timeframes on different days depending based on what the volatility of each market is that I trade in.

I had noticed the different TFs you were using and was just wondering bout that..... And here you answered my question... Great minds think alike..

Reply With Quote
The following user says Thank You to johnedoe for this post:
 
  #183 (permalink)
Elite Member
Irvine, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Adv/TT
Favorite Futures: CL, GC, TF
 
tradethetick's Avatar
 
Posts: 416 since Oct 2011
Thanks: 42 given, 374 received

140926 Trade


Contract: Russell
Entry signal: Inside Bar Short
Entry price: 1110.3 (red)
Exit price: 1108.6 (green) Target
Entry time: 7:06 A.M. (Pacific Time)
Ticks: +17 (per 1 lot)

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Trade Results: 57 Trades. 42 Wins / 15 Losses. Ratio: 73.68%. MTD: +102 ticks (per 1 lot) YTD: +461 ticks (since March)

Reply With Quote
The following 2 users say Thank You to tradethetick for this post:
 
  #184 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received

Nice job journaling @tradethetick.

I want to let you and all your readers know that in October futures.io (formerly BMT) has a Trading Journal contest w/prizes. The contest runs October 1 to October 31, and the three best journals (as decided by futures.io (formerly BMT) members) will receive a 150K combine from TopstepTrader.

The contest thread is here:

https://futures.io/feedback-announcements/33355-october-trading-journal-contest-w-prizes.html

That thread will be open for posting starting Wednesday, October 1. As the author of your journal, you need to make a post in that thread linking to your journal, and then ask users to press the "Thanks" button on that post if they want to vote for your journal to win the contest.

Members can vote for as many different journals as they want. Votes are cast in the Contest thread only, and only on the first post made by the author of the journal that contains a link to their journal. This is done so I can easily count the "Thanks Received" by author/journal, and award the three prizes.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #185 (permalink)
Elite Member
Irvine, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Adv/TT
Favorite Futures: CL, GC, TF
 
tradethetick's Avatar
 
Posts: 416 since Oct 2011
Thanks: 42 given, 374 received


Big Mike View Post
Nice job journaling @tradethetick.

I want to let you and all your readers know that in October futures.io (formerly BMT) has a Trading Journal contest w/prizes. The contest runs October 1 to October 31, and the three best journals (as decided by futures.io (formerly BMT) members) will receive a 150K combine from TopstepTrader.

The contest thread is here:

https://futures.io/feedback-announcements/33355-october-trading-journal-contest-w-prizes.html

That thread will be open for posting starting Wednesday, October 1. As the author of your journal, you need to make a post in that thread linking to your journal, and then ask users to press the "Thanks" button on that post if they want to vote for your journal to win the contest.

Members can vote for as many different journals as they want. Votes are cast in the Contest thread only, and only on the first post made by the author of the journal that contains a link to their journal. This is done so I can easily count the "Thanks Received" by author/journal, and award the three prizes.

Mike

Thanks Big Mike!

I will post my journal to the contest too. I have another journal I am starting in October for The Intentional Trader trades I take. Can I post that one too?

Reply With Quote
 
  #186 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,354 given, 83,237 received


tradethetick View Post
Thanks Big Mike!

I will post my journal to the contest too. I have another journal I am starting in October for The Intentional Trader trades I take. Can I post that one too?

Yes you can.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #187 (permalink)
Elite Member
Irvine, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Adv/TT
Favorite Futures: CL, GC, TF
 
tradethetick's Avatar
 
Posts: 416 since Oct 2011
Thanks: 42 given, 374 received

140929 Trade

Contract: Russell
Entry signal: Reversal Bar Short
Entry price: 1109.7 (red)
Exit price: 1111.4 (green) Target
Entry time: 7:50 A.M. (Pacific Time)
Ticks: -17 (per 1 lot)

Comment: I broke my rule on this one. Strong uptrend but it was below Friday's close...rules are meant to be followed...

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Trade Results: 58 Trades. 42 Wins / 16 Losses. Ratio: 72.41%. MTD: +85 ticks (per 1 lot) YTD: +444 ticks (since March)

Reply With Quote
The following user says Thank You to tradethetick for this post:
 
  #188 (permalink)
Elite Member
Irvine, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Adv/TT
Favorite Futures: CL, GC, TF
 
tradethetick's Avatar
 
Posts: 416 since Oct 2011
Thanks: 42 given, 374 received

140930 No Trade

No trades today.

Trade Results: 58 Trades. 42 Wins / 16 Losses. Ratio: 72.41%. MTD: +85 ticks (per 1 lot) YTD: +444 ticks (since March)

Reply With Quote
 
  #189 (permalink)
Trading for Fun
Los Angeles, CA
 
Futures Experience: Beginner
Platform: ThinkorSwim
Favorite Futures: Softs
 
Posts: 68 since Dec 2011
Thanks: 55 given, 31 received

Not sure I recall reading any rules about the Friday close or previous day's close. If you don't mind elaborating further, I would appreciate it. Thanks.

Reply With Quote
 
  #190 (permalink)
Elite Member
Irvine, CA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Adv/TT
Favorite Futures: CL, GC, TF
 
tradethetick's Avatar
 
Posts: 416 since Oct 2011
Thanks: 42 given, 374 received



JTurner77 View Post
Not sure I recall reading any rules about the Friday close or previous day's close. If you don't mind elaborating further, I would appreciate it. Thanks.

I don't take trades that are against a strong trend. With the prior day's trade there was a steep trend from the open. As you can see I was filled on the low tick and it went immediately against me.

Reply With Quote
The following 2 users say Thank You to tradethetick for this post:

Reply



futures io > > > Trading Journal - Reversal Bars

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Reversal Bars Xav1029 The Elite Circle 82 July 8th, 2016 03:00 PM
VSR Indicator (Volume/Stochastic/Reversal Bars) HJay The Elite Circle 22 May 11th, 2016 12:25 PM
Reversal bars type problem alazif NinjaTrader 0 January 19th, 2014 08:02 PM
Indie that Plots Potential Reversal Bars? tdaman NinjaTrader 2 June 15th, 2011 04:16 AM


All times are GMT -4. The time now is 10:42 PM.

Copyright © 2017 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
Page generated 2017-12-16 in 0.13 seconds with 20 queries on phoenix via your IP 54.227.51.103