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Trading Journal - Reversal Bars


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Trading Journal - Reversal Bars

  #181 (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, 372 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.

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


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..

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  #183 (permalink)
Irvine, CA
 
Experience: Intermediate
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Posts: 416 since Oct 2011
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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)



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

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  #184 (permalink)
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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:



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.

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  #185 (permalink)
Irvine, CA
 
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Platform: NinjaTrader
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Trading: CL, GC, TF
 
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Posts: 416 since Oct 2011
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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:



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?

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  #186 (permalink)
Site Administrator
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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

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  #187 (permalink)
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Adv/TT
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Posts: 416 since Oct 2011
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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...



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

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  #188 (permalink)
Irvine, CA
 
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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)

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  #189 (permalink)
Los Angeles, CA
 
 
Posts: 68 since Dec 2011
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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.

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  #190 (permalink)
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
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Trading: CL, GC, TF
 
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Posts: 416 since Oct 2011
Thanks: 42 given, 372 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.

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