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Trading Journal - Reversal Bars


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Trading Journal - Reversal Bars

  #191 (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: 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'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. 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'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: 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 
Phoenix + AZ/USA
Legendary Market Wizard
 
Experience: Intermediate
Platform: NinjaTrader
Trading: MES, MNQ, M2K, MYM and MGC
Posts: 532 since Jul 2014
Thanks Given: 2,481
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Good discipline. Good trading. Good journal.

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  #195 (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: 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)


.
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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'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: 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
 
Experience: Intermediate
Platform: Metatrader, ToS
Trading: Forex, equities, ETFs
Posts: 16 since Oct 2014
Thanks Given: 0
Thanks Received: 4

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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  #198 (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


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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  #199 (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. 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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  #200 (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: 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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Last Updated on February 2, 2015


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