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Trading Journal - Reversal Bars


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Trading Journal - Reversal Bars

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  #101 (permalink)
 tradethetick 
Irvine, CA
 
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No trades today.

Trade Results: 34 Trades. 23 Wins / 11 Losses. Ratio: 67.65%. MTD: +15 ticks (per 1 lot) YTD: +255 ticks (per 1 lot)

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  #102 (permalink)
 tradethetick 
Irvine, CA
 
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Contract: Gold
Entry signal: Inside Bar Long
Entry price: 1270.5 (red)
Exit price: 1271.5 (green) Target
Entry time:6:37 A.M. (Pacific Time)
Ticks: +10 (per 1 lot)

Missed the inside bar short earlier at around 5:40 AM. It was a better trade. But both were winners.



Trade Results: 35 Trades. 24 Wins / 11 Losses. Ratio: 68.57%. MTD: +25 ticks (per 1 lot) YTD: +265 ticks (per 1 lot)

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  #103 (permalink)
 tradethetick 
Irvine, CA
 
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No trades today.

Trade Results: 35 Trades. 24 Wins / 11 Losses. Ratio: 68.57%. MTD: +25 ticks (per 1 lot) YTD: +265 ticks (per 1 lot)

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  #104 (permalink)
JTurner77
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Following along here and want to make sure I am fully understanding your set up.

Please correct me if I am wrong on anything.

1. In an uptrend you are looking for a bear reversal signal where the signal bar features a low that is lower than the previous bar low and a high that is lower than the previous bar high. You would then go short on a trade below the signal bar low.

2. In a downtrend you are looking for a bullish reversal signal where the signal bar features a low that is higher than the previous bar's low along with a high that his higher than the previous bar's high. You would then enter a long position above the signal bar high.

3. The signal bars must close opposite the previous bar. For example, for a bullish reversal signal to be valid, it must close higher than where it opened AND the previous bar must have closed lower than its open.

4. Ignore reversal signals/set ups in steep trends unless the reversals are in the direction of the trend in the timeframe being traded.

5. You also use inside day bars as signals/set ups.

Is this summary correct?

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  #105 (permalink)
 tradethetick 
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JTurner77 View Post
Following along here and want to make sure I am fully understanding your set up.

Please correct me if I am wrong on anything.

1. In an uptrend you are looking for a bear reversal signal where the signal bar features a low that is lower than the previous bar low and a high that is lower than the previous bar high. You would then go short on a trade below the signal bar low.

2. In a downtrend you are looking for a bullish reversal signal where the signal bar features a low that is higher than the previous bar's low along with a high that his higher than the previous bar's high. You would then enter a long position above the signal bar high.

3. The signal bars must close opposite the previous bar. For example, for a bullish reversal signal to be valid, it must close higher than where it opened AND the previous bar must have closed lower than its open.

4. Ignore reversal signals/set ups in steep trends unless the reversals are in the direction of the trend in the timeframe being traded.

5. You also use inside day bars as signals/set ups.

Is this summary correct?

Dead on!!

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  #106 (permalink)
JTurner77
Los Angeles, CA
 
 
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When looking at charts, I sometimes notice instances where the the signal bar closes on its low (or high) and the next bar where you are supposed to enter the trade one tick below/above opens where the previous bar closed and continues to run in the direction of your trade.

How do you handle these situations?

I am presuming that before you can even enter your orders that the market is moving through your entry point. Do you just place a market order at that time and hope the price moves back and fills you or do you just suck it up and place a market order so you don't get left behind?

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  #107 (permalink)
 tradethetick 
Irvine, CA
 
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JTurner77 View Post
When looking at charts, I sometimes notice instances where the the signal bar closes on its low (or high) and the next bar where you are supposed to enter the trade one tick below/above opens where the previous bar closed and continues to run in the direction of your trade.

How do you handle these situations?

I am presuming that before you can even enter your orders that the market is moving through your entry point. Do you just place a market order at that time and hope the price moves back and fills you or do you just suck it up and place a market order so you don't get left behind?

I use limit orders to get in. On all of these postings I was filled with a limit order.

The market will move around even though it may look like it moved in a linear direction in the direction of my trade. If I don't get filled, I do not chase the market. I don't post the trades that I missed.

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  #108 (permalink)
 tradethetick 
Irvine, CA
 
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No trades today.

Trade Results: 35 Trades. 24 Wins / 11 Losses. Ratio: 68.57%. MTD: +25 ticks (per 1 lot) YTD: +265 ticks (per 1 lot)

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  #109 (permalink)
JTurner77
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tradethetick View Post
I use limit orders to get in. On all of these postings I was filled with a limit order.

The market will move around even though it may look like it moved in a linear direction in the direction of my trade. If I don't get filled, I do not chase the market. I don't post the trades that I missed.

Have you tracked the trades that you missed to see what their end result would have been?

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  #110 (permalink)
 tradethetick 
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JTurner77 View Post
Have you tracked the trades that you missed to see what their end result would have been?

If I miss a trade on a limit order it is always a winner. I leave my resting order on until it hits my target. Once price hits the target, I remove the order. So if I don't get filled at all then I don't post it.

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  #111 (permalink)
 tradethetick 
Irvine, CA
 
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Contract: Russell
Entry signal: Reversal Bar Short
Entry price: 1168.0 (red)
Exit price: 1266.4 (green) Target
Entry time: 7:03 A.M. (Pacific Time)
Ticks: +16 (per 1 lot)



Trade Results: 36 Trades. 25 Wins / 11 Losses. Ratio: 69.44%. MTD: +41 ticks (per 1 lot) YTD: +281 ticks (per 1 lot)

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  #112 (permalink)
 tradethetick 
Irvine, CA
 
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No trades today.

Trade Results: 36 Trades. 25 Wins / 11 Losses. Ratio: 69.44%. MTD: +41 ticks (per 1 lot) YTD: +281 ticks (per 1 lot)

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  #113 (permalink)
 tradethetick 
Irvine, CA
 
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No trades today.

Trade Results: 36 Trades. 25 Wins / 11 Losses. Ratio: 69.44%. MTD: +41 ticks (per 1 lot) YTD: +281 ticks (per 1 lot)

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  #114 (permalink)
JTurner77
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tradethetick:

Forgive me if I missed the answer to the following question on an earlier page in the thread.

Have you discussed how you identify the trend to determine if the market is in an uptrend or a downtrend?

I know you added a filter pertaining to avoiding reversals in steep trends, but I don't recall any discussion about identifying a trend or a steep trend, for that matter?


Additionally, I would like to ask you to share your confidence/comfort with this set up? You have been posting here in this journal for a few months and I was hoping you might be able to offer a more substantive assessment of your feelings about the experience you have had with it to date.

Not sure what you feel comfortable sharing or what kind of questions would be appropriate/fair for me to ask, either.

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  #115 (permalink)
 tradethetick 
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JTurner77 View Post
tradethetick:

Forgive me if I missed the answer to the following question on an earlier page in the thread.

Have you discussed how you identify the trend to determine if the market is in an uptrend or a downtrend?

I know you added a filter pertaining to avoiding reversals in steep trends, but I don't recall any discussion about identifying a trend or a steep trend, for that matter?


Additionally, I would like to ask you to share your confidence/comfort with this set up? You have been posting here in this journal for a few months and I was hoping you might be able to offer a more substantive assessment of your feelings about the experience you have had with it to date.

Not sure what you feel comfortable sharing or what kind of questions would be appropriate/fair for me to ask, either.

I am not sure if I answered already or not. If not, then please accept my apologies.

I identify a trend by looking at the bars. I am looking for higher highs and higher lows for an uptrend and I am looking at lower lows and lower highs for a downtrend. I am looking back 3 or more bars.

To determine a steep trend, I am looking at the movement of the bars compared to prior movements in the context of the day and overnight activity. If it looks steep, then I won't trade it. I don't have an indicator that I use, it's just a judgment call.

I am very confident with the setup. I would like to see more setups occur per day and per week but they don't. I sometimes won't even look at some of the markets based on the activity the day prior or overnight. There just isn't enough volatility. That leaves me with having to trade more contracts to make up for less opportunity. Otherwise +20-40 ticks per month doesn't yield a lot of money. The limiting factor on the markets that I trade is the number of contracts that can be filled. On the ES, raising contracts is not an issue, but with GC, CL and TF, over 20 contracts and there is slippage and lack of fills. Unfortunately, I have not had much success on the ES with this setup.

I am open to any question or comment that you have. I may not know the answer but I will do my best to respond.

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  #116 (permalink)
 tradethetick 
Irvine, CA
 
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No trades today.

Trade Results: 36 Trades. 25 Wins / 11 Losses. Ratio: 69.44%. MTD: +41 ticks (per 1 lot) YTD: +281 ticks (per 1 lot)

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  #117 (permalink)
 tradethetick 
Irvine, CA
 
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June Results

6 Trades. 4 Wins / 2 Losses. Ratio: 66.67%. MTD: +41 ticks (per 1 lot).

Trade Breakdown:

+20 ticks, -11 ticks, +18 ticks, -12 ticks, +10 ticks, +16 ticks = +41 ticks

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  #118 (permalink)
JTurner77
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tradethetick View Post
I am not sure if I answered already or not. If not, then please accept my apologies.

I identify a trend by looking at the bars. I am looking for higher highs and higher lows for an uptrend and I am looking at lower lows and lower highs for a downtrend. I am looking back 3 or more bars.

To determine a steep trend, I am looking at the movement of the bars compared to prior movements in the context of the day and overnight activity. If it looks steep, then I won't trade it. I don't have an indicator that I use, it's just a judgment call.

I am very confident with the setup. I would like to see more setups occur per day and per week but they don't. I sometimes won't even look at some of the markets based on the activity the day prior or overnight. There just isn't enough volatility. That leaves me with having to trade more contracts to make up for less opportunity. Otherwise +20-40 ticks per month doesn't yield a lot of money. The limiting factor on the markets that I trade is the number of contracts that can be filled. On the ES, raising contracts is not an issue, but with GC, CL and TF, over 20 contracts and there is slippage and lack of fills. Unfortunately, I have not had much success on the ES with this setup.

I am open to any question or comment that you have. I may not know the answer but I will do my best to respond.

Interesting stuff.

I would never have guessed that you were using the previous three (to five?) bars to determine trend in a subjective fashion. When you say you are looking for higher high and higher lows in an uptrend, do you literally mean that each bar in succession must have a high high and higher low than the previous bar? Or is there some subjectivity to this as well?

In looking back over the trades you have posted, it appears you are using a variety of different time frames. Do you have specific time frames you are exclusively using/scanning?

Also, have you ever considered transferring this setup to a daily chart? The reason I ask is that one of the axioms we have all read in the books on trading is that the larger the time frame the greater the potential for larger moves (for and against us).

While your current set up leads to infrequent trading, it is tough to sneeze at 41 ticks ($410) per contract.

Why do you think your set up hasn't been fruitful with the ES?

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  #119 (permalink)
 tradethetick 
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JTurner77 View Post
Interesting stuff.

I would never have guessed that you were using the previous three (to five?) bars to determine trend in a subjective fashion. When you say you are looking for higher high and higher lows in an uptrend, do you literally mean that each bar in succession must have a high high and higher low than the previous bar? Or is there some subjectivity to this as well?

In looking back over the trades you have posted, it appears you are using a variety of different time frames. Do you have specific time frames you are exclusively using/scanning?

Also, have you ever considered transferring this setup to a daily chart? The reason I ask is that one of the axioms we have all read in the books on trading is that the larger the time frame the greater the potential for larger moves (for and against us).

While your current set up leads to infrequent trading, it is tough to sneeze at 41 ticks ($410) per contract.

Why do you think your set up hasn't been fruitful with the ES?

Yes each bar in succession must have a higher low in an uptrend or a lower low in a downtrend. There is some subjectivity, such as inside bars and measuring bars, but for the most part the definition holds.

I use different timeframes based on volatility. Usually I look at 3 - 5 timeframes for the 3 markets.

Trading on the daily requires more risk. The setup works great on the daily and weekly charts but the risk is like 60 ticks for a 120 tick winner. I can stomach 10 - 20 ticks risk for 15 - 30 ticks of profit.

It is a solid setup but I would like to see more setups per week / month.

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  #120 (permalink)
JTurner77
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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.

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  #121 (permalink)
 tradethetick 
Irvine, CA
 
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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.

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  #122 (permalink)
JTurner77
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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.

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 tradethetick 
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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)

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  #124 (permalink)
 tradethetick 
Irvine, CA
 
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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)

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  #125 (permalink)
 tradethetick 
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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)

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  #126 (permalink)
 VolTrading 
Toronto, Ontario, Canada
 
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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.

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 tradethetick 
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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.

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  #128 (permalink)
 tradethetick 
Irvine, CA
 
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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)

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 tradethetick 
Irvine, CA
 
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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)

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 tradethetick 
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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)

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 tradethetick 
Irvine, CA
 
Experience: Intermediate
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Broker: Adv/TT
Trading: CL, GC, TF
 
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Posts: 416 since Oct 2011
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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)

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 tradethetick 
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
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Posts: 416 since Oct 2011
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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)

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 tradethetick 
Irvine, CA
 
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Contract: Crude Oil
Entry signal: Reversal Bar Long
Entry price: 101.90 (green)
Exit price: 102.02 (red) Target
Entry time: 7:06 A.M. (Pacific Time)
Ticks: +12 (per 1 lot)



Trade Results: 41 Trades. 29 Wins / 12 Losses. Ratio: 70.73%. MTD: +37 ticks (per 1 lot) YTD: +318 ticks (per 1 lot)

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 tradethetick 
Irvine, CA
 
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No trades today.

Trade Results: 41 Trades. 29 Wins / 12 Losses. Ratio: 70.73%. MTD: +37 ticks (per 1 lot) YTD: +318 ticks (per 1 lot)

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 tradethetick 
Irvine, CA
 
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No trades today.

Trade Results: 41 Trades. 29 Wins / 12 Losses. Ratio: 70.73%. MTD: +37 ticks (per 1 lot) YTD: +318 ticks (per 1 lot)

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 tradethetick 
Irvine, CA
 
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Contract: Russell
Entry signal: Reversal Bar Short
Entry price: 1157.8 (red)
Exit price: 1156.8 (green) Target
Entry time: 7:48 A.M. (Pacific Time)
Ticks: +10 (per 1 lot)



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

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 tradethetick 
Irvine, CA
 
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No trades today.

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

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  #138 (permalink)
JTurner77
Los Angeles, CA
 
 
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tradethetick View Post
Contract: Russell
Entry signal: Reversal Bar Short
Entry price: 1157.8 (red)
Exit price: 1156.8 (green) Target
Entry time: 7:48 A.M. (Pacific Time)
Ticks: +10 (per 1 lot)



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

Is you signal bar the 7:45 bar with the low equal to the previous bar low?

The reason I ask is that I don't see the signal bar per your rules in that I do not see a signal bar that trades lower than the previous bar's low. I am assuming that you treated the inside bar as a continuation of the pattern or as a stand alone signal itself. However, your entry at 1157.8 is throwing me off because I would have assumed that no matter what your entry price should have been one tick below that at 1157.7.

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  #139 (permalink)
 tradethetick 
Irvine, CA
 
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JTurner77 View Post
Is you signal bar the 7:45 bar with the low equal to the previous bar low?

The reason I ask is that I don't see the signal bar per your rules in that I do not see a signal bar that trades lower than the previous bar's low. I am assuming that you treated the inside bar as a continuation of the pattern or as a stand alone signal itself. However, your entry at 1157.8 is throwing me off because I would have assumed that no matter what your entry price should have been one tick below that at 1157.7.

My entry was on the bar with the red arrow. I entered at 1157.8. I usually take the low of the signal bar as my entry. The low of that bar was 1157.8. If my order was 1157.7 I would not have been filled and would have removed my order when the next bar opened. Hope that helps.

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 tradethetick 
Irvine, CA
 
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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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  #141 (permalink)
 bobwest 
Site Moderator
Sarasota FL
 
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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 
Irvine, CA
 
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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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 tradethetick 
Irvine, CA
 
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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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 tradethetick 
Irvine, CA
 
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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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 tradethetick 
Irvine, CA
 
Experience: Intermediate
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Posts: 416 since Oct 2011
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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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 tradethetick 
Irvine, CA
 
Experience: Intermediate
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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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 tradethetick 
Irvine, CA
 
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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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 tradethetick 
Irvine, CA
 
Experience: Intermediate
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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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 tradethetick 
Irvine, CA
 
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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)
 lsubeano 
hollywood
 
Experience: Intermediate
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Nice trading today!

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  #151 (permalink)
 tradethetick 
Irvine, CA
 
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No trades today.

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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 slowsie 
winston salem nc/ usa
 
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I have enjoyed your postings of your trades. Great style especially with using just price action.

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 tradethetick 
Irvine, CA
 
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slowsie View Post
I have enjoyed your postings of your trades. Great style especially with using just price action.

Thank you, It makes trading much less stressful than watching indicators that conflict with each other.

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 tradethetick 
Irvine, CA
 
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No trades today.

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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Gill1
New York
 
 
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Thanks for posting.

Trying to understand exactly which reversal bars you are taking for trades while others you let pass.

Look forward to seeing more examples.

Thank you

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 tradethetick 
Irvine, CA
 
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Gill1 View Post
Thanks for posting.

Trying to understand exactly which reversal bars you are taking for trades while others you let pass.

Look forward to seeing more examples.

Thank you

I don't trade every reversal bar. I am looking for the highest high or lowest low that is not in a trend. They don't happen a lot but they have a decent win rate.

I have not been trading since my last post because I was on vacation.

I will resume my trading after Labor Day.

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 tradethetick 
Irvine, CA
 
Experience: Intermediate
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Posts: 416 since Oct 2011
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Contract: Russell
Entry signal: Inside Bar Long
Entry price: 1180.7 (green)
Exit price: 1181.7 (red)
Entry time: 7:40 A.M. (Pacific Time)
Ticks: +10 (per 1 lot)



Trade Results: 49 Trades. 35 Wins / 14 Losses. Ratio: 71.43%. MTD: +10 ticks (per 1 lot) YTD: +369 ticks (since March)

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 tradethetick 
Irvine, CA
 
Experience: Intermediate
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Trading: CL, GC, TF
 
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Posts: 416 since Oct 2011
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No trades today.


Trade Results: 49 Trades. 35 Wins / 14 Losses. Ratio: 71.43%. MTD: +10 ticks (per 1 lot) YTD: +369 ticks (since March)

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 tradethetick 
Irvine, CA
 
Experience: Intermediate
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Posts: 416 since Oct 2011
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No trades today.

Trade Results: 49 Trades. 35 Wins / 14 Losses. Ratio: 71.43%. MTD: +10 ticks (per 1 lot) YTD: +369 ticks (since March)

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 tradethetick 
Irvine, CA
 
Experience: Intermediate
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Posts: 416 since Oct 2011
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Contract: Russell
Entry signal: Inside Bar Long
Entry price: 1166.8 (green)
Exit price: 1186.8 (red)
Entry time: 7:40 A.M. (Pacific Time)
Ticks: +20 (per 1 lot)



Trade Results: 50 Trades. 36 Wins / 14 Losses. Ratio: 72%. MTD: +30 ticks (per 1 lot) YTD: +389 ticks (since March)

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 tradethetick 
Irvine, CA
 
Experience: Intermediate
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Posts: 416 since Oct 2011
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No trades today.


Trade Results: 50 Trades. 36 Wins / 14 Losses. Ratio: 72%. MTD: +30 ticks (per 1 lot) YTD: +389 ticks (since March)

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 tradethetick 
Irvine, CA
 
Experience: Intermediate
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Posts: 416 since Oct 2011
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No trades today.


Trade Results: 50 Trades. 36 Wins / 14 Losses. Ratio: 72%. MTD: +30 ticks (per 1 lot) YTD: +389 ticks (since March)

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 tradethetick 
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
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Posts: 416 since Oct 2011
Thanks: 42 given, 373 received

Contract: Crude Oil
Entry signal: Inside Bar Long
Entry price: 91.75 (green)
Exit price: 91.87 (red)
Entry time: 7:50 A.M. (Pacific Time)
Ticks: +12 (per 1 lot)



Trade Results: 51 Trades. 37 Wins / 14 Losses. Ratio: 72.55%. MTD: +42 ticks (per 1 lot) YTD: +401 ticks (since March)

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 tradethetick 
Irvine, CA
 
Experience: Intermediate
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Contract: Crude Oil
Entry signal: Inside Bar Short
Entry price: 92.68 (red)
Exit price: 92.50 (green)
Entry time: 7:30 A.M. (Pacific Time)
Ticks: +18 (per 1 lot)



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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JTurner77
Los Angeles, CA
 
 
Posts: 68 since Dec 2011
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Regarding the most recent inside bar signal, can you please elaborate on why you selected that inside bar versus other inside bars that occurred the same day. For example, the inside bars at:

6:10
6:35
6:50
7:45

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 tradethetick 
Irvine, CA
 
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JTurner77 View Post
Regarding the most recent inside bar signal, can you please elaborate on why you selected that inside bar versus other inside bars that occurred the same day. For example, the inside bars at:

6:10
6:35
6:50
7:45

6:10 bar was valid but I don't trade oil until 6:30.
6:35 was not a reversal. Bar closed in the same direction of the move.
6:50 was not a reversal. Price in consolidation.
7:45 is not visible so I can't see what it is. Plus I only take one trade per market per day and I took the 7:30 entry.

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 tradethetick 
Irvine, CA
 
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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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JTurner77
Los Angeles, CA
 
 
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tradethetick View Post
6:10 bar was valid but I don't trade oil until 6:30.
6:35 was not a reversal. Bar closed in the same direction of the move.
6:50 was not a reversal. Price in consolidation.
7:45 is not visible so I can't see what it is. Plus I only take one trade per market per day and I took the 7:30 entry.

My apologies. I thought you were simply trading breakouts of inside bars. I didn't realize that the rules were similar to the reversal bars.

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 tradethetick 
Irvine, CA
 
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JTurner77 View Post
My apologies. I thought you were simply trading breakouts of inside bars. I didn't realize that the rules were similar to the reversal bars.

I trade both Inside Bars and Reversal Bars but the rules are the same for both of them. It's just their structure that is different.

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 tradethetick 
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
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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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  #171 (permalink)
 tradethetick 
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
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Trading: CL, GC, TF
 
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Posts: 416 since Oct 2011
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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)
 tradethetick 
Irvine, CA
 
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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)
 tradethetick 
Irvine, CA
 
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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)
 kulu 
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)
 tradethetick 
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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)
 tradethetick 
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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)
 tradethetick 
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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)
 tradethetick 
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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)
 tradethetick 
Irvine, CA
 
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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)
 johnedoe 
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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  #181 (permalink)
 tradethetick 
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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)
 johnedoe 
Eugene, Or. USA
 
 
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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)
 tradethetick 
Irvine, CA
 
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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)
 Big Mike 
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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.

Mike

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  #185 (permalink)
 tradethetick 
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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)
 Big Mike 
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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)
 tradethetick 
Irvine, CA
 
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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)
 tradethetick 
Irvine, CA
 
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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)
JTurner77
Los Angeles, CA
 
 
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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)
 tradethetick 
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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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  #191 (permalink)
 tradethetick 
Irvine, CA
 
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Contract: Russell
Entry signal: Reversal Bar Short
Entry price: 1088.7 (red)
Exit price: 1087.6 (green) Target
Entry time: 7:26 A.M. (Pacific Time)
Ticks: +11 (per 1 lot)



Trade Results: 59 Trades. 43 Wins / 16 Losses. Ratio: 72.88%. MTD: +11 ticks (per 1 lot) YTD: +455 ticks (since March)

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  #192 (permalink)
 tradethetick 
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No trades today. Waiting for unemployment report tomorrow.

Trade Results: 59 Trades. 43 Wins / 16 Losses. Ratio: 72.88%. MTD: +11 ticks (per 1 lot) YTD: +455 ticks (since March)

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  #193 (permalink)
 tradethetick 
Irvine, CA
 
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No trades today.

Trade Results: 59 Trades. 43 Wins / 16 Losses. Ratio: 72.88%. MTD: +11 ticks (per 1 lot) YTD: +455 ticks (since March)

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  #194 (permalink)
 BoltTrader 
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Good discipline. Good trading. Good journal.

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 tradethetick 
Irvine, CA
 
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Contract: Gold
Entry signal: Reversal Bar Long
Entry price: 1196.5 (green)
Exit price: 1197.5 (red) Target
Entry time: 5:28 A.M. (Pacific Time)
Ticks: +10 (per 1 lot)



Contract: Russell
Entry signal: Reversal Bar Long
Entry price: 1099.9 (green)
Exit price: 1100.9 (red) Target
Entry time: 7:06 A.M. (Pacific Time)
Ticks: +10 (per 1 lot)


.
.
Trade Results: 61 Trades. 45 Wins / 16 Losses. Ratio: 73.77%. MTD: +31 ticks (per 1 lot) YTD: +475 ticks (since March)

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  #196 (permalink)
 tradethetick 
Irvine, CA
 
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No trades today.

Trade Results: 61 Trades. 45 Wins / 16 Losses. Ratio: 73.77%. MTD: +31 ticks (per 1 lot) YTD: +475 ticks (since March)

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  #197 (permalink)
 sterling729 
Canada
 
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Hey TradeTheTick,

Been reading and following your journal for a few days now and love it. Just wondering, how do you primarily base you profit targets? I would assume you look at a combination of the above resistance (for longs), volume, size of your reversal bar. It seems like you don't really look for runners.

Cheers and keep it up!

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 tradethetick 
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sterling729 View Post
Hey TradeTheTick,

Been reading and following your journal for a few days now and love it. Just wondering, how do you primarily base you profit targets? I would assume you look at a combination of the above resistance (for longs), volume, size of your reversal bar. It seems like you don't really look for runners.

Cheers and keep it up!

Thank you for your comments.

I primarily base my profit targets on price action. I am looking for the stops to be taken out on the bars prior. I usually look at 2 - 3 bars back but will adjust based on volatility and momentum after my entry. I haven't found runners to be as profitable as the market tends to turn back on itself most of the time.

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 tradethetick 
Irvine, CA
 
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No trades today. Rather choppy markets likely due to Fed minutes later.

Trade Results: 61 Trades. 45 Wins / 16 Losses. Ratio: 73.77%. MTD: +31 ticks (per 1 lot) YTD: +475 ticks (since March)

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 tradethetick 
Irvine, CA
 
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Posts: 416 since Oct 2011
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Contract: Russell
Entry signal: Reversal Bar Short
Entry price: 1080.0 (red)
Exit price: 1078.6 (green) Target
Entry time: 7:06 A.M. (Pacific Time)
Ticks: +14 (per 1 lot)



Trade Results: 62 Trades. 46 Wins / 16 Losses. Ratio: 74.19%. MTD: +45 ticks (per 1 lot) YTD: +489 ticks (since March)

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