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Trading Journal - Reversal Bars


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Trading Journal - Reversal Bars

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  #1 (permalink)
 tradethetick 
Irvine, CA
 
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I would like to share my trading log of reversal bars with you in order to keep myself focused and disciplined.

The markets I will be focusing on are Crude Oil, Gold, and Russell. My time frame is intraday, usually focusing on 15 minute charts or less. There are no indicators on the charts as I am looking to trade price action without distractions. The charts will be OHLC with a white background.

I would appreciate any discussion, comments, or questions that you may have. I am continually humbled by the markets on my path to becoming a more profitable trader.

Thank you.

Tony

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  #3 (permalink)
 tradethetick 
Irvine, CA
 
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Trade:
Contract: Russell
Entry signal: Reversal Bar Short
Entry price: 1173.3 (red)
Exit price: 1172.3 (green) Target
Entry time: 6:48 A.M. (Pacific Time)
Profit: +$100



Trade Results: 1 Trade. 1 Win / 0 Losses. Ratio: 100%. P/L: +$100 (per 1 lot)

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 tradethetick 
Irvine, CA
 
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No good setups today for reversal bars in Gold, Oil, or the Russell.

It was choppy in Oil and Gold. And could not get a good entry on the Russell.

Trade Results: 1 Trade. 1 Win / 0 Losses. Ratio: 100%. P/L: +$100 (per 1 lot)

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 tradethetick 
Irvine, CA
 
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No good setups today for reversal bars in Gold, Oil, or the Russell.

Trade Results: 1 Trade. 1 Win / 0 Losses. Ratio: 100%. P/L: +$100 (per 1 lot)

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 tradethetick 
Irvine, CA
 
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No good setups today for reversal bars in Gold, Oil, or the Russell.

Been a slow week so far...

Trade Results: 1 Trade. 1 Win / 0 Losses. Ratio: 100%. P/L: +$100 (per 1 lot)

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 tradethetick 
Irvine, CA
 
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Trade:
Contract: Crude Oil
Entry signal: Reversal Bar Short
Entry price: 102.50 (red)
Exit price: 102.40 (green) Target
Entry time: 7:15 A.M. (Pacific Time)
Profit: +$100



Trade Results: 2 Trades. 2 Wins / 0 Losses. Ratio: 100%. P/L: +$200 (per 1 lot)

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 tradethetick 
Irvine, CA
 
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Trade:
Contract: Crude Oil
Entry signal: Reversal Bar Short
Entry price: 101.29 (red)
Exit price: 101.09 (green) Target
Entry time: 7:42 A.M. (Pacific Time)
Profit: +$200



Trade Results: 3 Trades. 3 Wins / 0 Losses. Ratio: 100%. P/L: +$400 (per 1 lot)

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 tradethetick 
Irvine, CA
 
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Trade:
Contract: Russell
Entry signal: Reversal Bar Short
Entry price: 1202.5 (red)
Exit price: 1201.0 (green) Target
Entry time: 8:01 A.M. (Pacific Time)
Profit: +15 ticks




Trade Results: 4 Trades. 4 Wins / 0 Losses. Ratio: 100%. P/L: +$550 (per 1 lot)

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 Tasker_182 
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Nice bit of trading and good patience. Are you using any other charts/indicators for reference to trade? Do you also watch the ES? Do you trade any other instruments?

"Money is better than poverty, if only for financial reasons." - Woody Allen
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 hector24 
austin, texas
 
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tradethetick View Post
Trade:
Contract: Russell
Entry signal: Reversal Bar Short
Entry price: 1202.5 (red)
Exit price: 1201.0 (green) Target
Entry time: 8:01 A.M. (Pacific Time)
Profit: +15 ticks




Trade Results: 4 Trades. 4 Wins / 0 Losses. Ratio: 100%. P/L: +$550 (per 1 lot)

Tradethetick, good trading. May I ask what your definition of a reversal bar is.

Thanks
Hector

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 tradethetick 
Irvine, CA
 
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Tasker_182 View Post
Nice bit of trading and good patience. Are you using any other charts/indicators for reference to trade? Do you also watch the ES? Do you trade any other instruments?

Thank you. I do not use any other charts or indicators. I only look at 3 charts, GC, CL, and TF.

I used to watch ES but I did not have success with that market so I don't look at it anymore.

I am trying to incorporate 6E into my trading but the I think the hours of that market are too early for me.

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 tradethetick 
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hector24 View Post
Tradethetick, good trading. May I ask what your definition of a reversal bar is.

Thanks
Hector

Thank you. A reversal bar has both a higher high and higher low, or lower low and lower high, and closes opposite the prior movement. Sometimes it has a higher high and lower low, or lower low and higher high before closing opposite; that would be an outside reversal bar.

Tony

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 shodson 
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Good to meet you at lunch today.

Your setup seems very simple but it is also very nuanced.

"closes opposite" - so, like a short signal if it closes it the bottom 80-90% of the bar's range?

"the prior movement" - does that refer to the prior bar? or does it refer prevailing trend over the last X bars (counter trend)?

Once the setup is there, in the case of a short, do you enter when the low of the signal bar is tested or enter immediately when the bar closes the way you want?

Also, your targets are nice round numbers (10 or 20 ticks). Are these based on anything contextual like ATR, or do you just like nice round numbers?

Nice job.

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 tradethetick 
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shodson View Post
Good to meet you at lunch today.

Your setup seems very simple but it is also very nuanced.

"closes opposite" - so, like a short signal if it closes it the bottom 80-90% of the bar's range?

"the prior movement" - does that refer to the prior bar? or does it refer prevailing trend over the last X bars (counter trend)?

Once the setup is there, in the case of a short, do you enter when the low of the signal bar is tested or enter immediately when the bar closes the way you want?

Also, your targets are nice round numbers (10 or 20 ticks). Are these based on anything contextual like ATR, or do you just like nice round numbers?

Nice job.

Thank you. I enjoyed lunch as well. I will try to make it a habit to go the meetings each month.

On the close opposite, that is correct. The prior movement refers to the short term trend leading to the bar. Could be multiple bars but should not be too strong of a trend.

The targets are based on ATR and use market structure to exit. It's just coincidence that the numbers have been round.

Not an active method, but usually gets about 15 - 18 trades per month.

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 tradethetick 
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No good setups today. But there's always tomorrow.

Trade Results: 4 Trades. 4 Wins / 0 Losses. Ratio: 100%. P/L: +$550 (per 1 lot)

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 tradethetick 
Irvine, CA
 
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No good setups today. Saw one in the Russell but did not take it due to rollover.

Trade Results: 4 Trades. 4 Wins / 0 Losses. Ratio: 100%. P/L: +$550 (per 1 lot)

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 tradethetick 
Irvine, CA
 
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No good setups today.

Trade Results: 4 Trades. 4 Wins / 0 Losses. Ratio: 100%. P/L: +$550 (per 1 lot)

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 tradethetick 
Irvine, CA
 
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Trade:
Contract: Gold
Entry signal: Reversal Bar Short
Entry price: 1379.0 (red)
Exit price: 1389.0 (green) Stop
Entry time: 5:43 A.M. (Pacific Time)
Profit/Loss: -12 ticks



Trade:
Contract: Crude Oil
Entry signal: Reversal Bar Short
Entry price: 98.52 (red)
Exit price: 18.42 (green) Target
Entry time: 7:01 A.M. (Pacific Time)
Profit/Loss: +10 ticks



Trade Results: 6 Trades. 5 Wins / 1 Loss. Ratio: 83.3%. P/L: +$530 (per 1 lot)

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 tradethetick 
Irvine, CA
 
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Trade:
Contract: Gold
Entry signal: Reversal Bar Long
Entry price: 1354.8 (green)
Exit price: 1353.4 (red) Stop
Entry time: 5:35 A.M. (Pacific Time)
Profit/Loss: -14 ticks



Trade Results: 7 Trades. 5 Wins / 2 Losses. Ratio: 71%. P/L: +$390 (per 1 lot)

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 tradethetick 
Irvine, CA
 
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No good setups today. FOMC kept the market flat during my trading period.

Trade Results: 7 Trades. 5 Wins / 2 Losses. Ratio: 71%. P/L: +$390 (per 1 lot)

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 tradethetick 
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Trade:
Contract: Russell
Entry signal: Reversal Bar Short
Entry price: 1189.1 (red)
Exit price: 1190.3 (green) Target
Entry time: 6:35 A.M. (Pacific Time)
Profit/Loss: -$120



Trade:
Contract: Crude Oil
Entry signal: Reversal Bar Short
Entry price: 98.80 (red)
Exit price: 98.92 (green) Target
Entry time: 6:46 A.M. (Pacific Time)
Profit/Loss: -$120



Trade Results: 9 Trades. 5 Wins / 4 Losses. Ratio: 56%.P/L: +$150 (per 1 lot)

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 tradethetick 
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Been a tough week. Just about at breakeven for the month after a good start.

Trade:
Contract: Russell
Entry signal: Reversal Bar Long
Entry price: 1197.0 (green)
Exit price: 1196.0 (red) Stop
Entry time: 7:17 A.M. (Pacific Time)
Profit/Loss: -$100



Trade Results: 10 Trades. 5 Wins / 5 Losses. Ratio: 50%.P/L: +$50 (per 1 lot)

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 tradethetick 
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It was like swimming upstream but it was enough to make some money...

Trade:
Contract: Russell
Entry signal: Reversal Bar Long
Entry price: 1171.1 (green)
Exit price: 1192.7 (red) Target
Entry time: 7:40 A.M. (Pacific Time)
Profit/Loss: +$160



Trade Results: 11 Trades. 6 Wins / 5 Losses. Ratio: 55%.P/L: +$210 (per 1 lot)

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 tradethetick 
Irvine, CA
 
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Trade:
Contract: Crude Oil
Entry signal: Reversal Bar Long
Entry price: 99.40 (green)
Exit price: 99.27 (red) Stop
Entry time: 7:19 A.M. (Pacific Time)
Profit/Loss: -$130



Trade Results: 12 Trades. 6 Wins / 6 Losses. Ratio: 50%.P/L: +$80 (per 1 lot)

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 tradethetick 
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No good setups today for reversal bars in Gold, Oil, or the Russell.

Trade Results: 12 Trades. 6 Wins / 6 Losses. Ratio: 50%.P/L: +$80 (per 1 lot)

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 tradethetick 
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No good setups today.

Trade Results: 12 Trades. 6 Wins / 6 Losses. Ratio: 50%.P/L: +$80 (per 1 lot)

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 tradethetick 
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No good setups today.

Trade Results: 12 Trades. 6 Wins / 6 Losses. Ratio: 50%.P/L: +$80 (per 1 lot)

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 tradethetick 
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No good setups today.

Trade Results: 12 Trades. 6 Wins / 6 Losses. Ratio: 50%.P/L: +$80 (per 1 lot)

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 tradethetick 
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Beginning tomorrow, April 1st, I will be posting the profit/loss and cumulative trade results by ticks per 1 lot instead of $ per 1 lot.

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 tradethetick 
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No good setups today.

Trade Results: 12 Trades. 6 Wins / 6 Losses. Ratio: 50%.P/L: +8 ticks (per 1 lot)

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 tradethetick 
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I added a filter for my reversal bar setups and now there are less of them to show.

As long as it remains a profitable strategy, then less trades is fine.

It's about making more money, not trading more.

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1zach4
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tradethetick View Post
I added a filter for my reversal bar setups and now there are less of them to show.

As long as it remains a profitable strategy, then less trades is fine.

It's about making more money, not trading more.

I went through the same process, ended up filtering out most of my trades, but my PnL thanked me. Good luck

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 tradethetick 
Irvine, CA
 
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1zach4 View Post
I went through the same process, ended up filtering out most of my trades, but my PnL thanked me. Good luck

Thanks Zach! I have already missed 2 losers because of it.

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 tradethetick 
Irvine, CA
 
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No good setups today.

Trade Results: 12 Trades. 6 Wins / 6 Losses. Ratio: 50%.P/L: +8 ticks (per 1 lot)

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 tradethetick 
Irvine, CA
 
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I am going to start posting the setups I am skipping because I think they will provide a good source to refer back to when reviewing my results.

So far I have skipped 3 setups in the last week that would have resulted in a loss.

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 tradethetick 
Irvine, CA
 
Experience: Intermediate
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Trading: CL, GC, TF
 
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Trade:
Contract: Russell
Entry signal: Reversal Bar Long
Entry price: 1178.8 (green)
Exit price: 1182.2 (red) Target
Entry time: 7:02 A.M. (Pacific Time)
Ticks: +34 (per 1 lot)



Trade Results: 13 Trades. 7 Wins / 6 Losses. Ratio: 53.8%. MTD: +34 ticks (per 1 lot) YTD: +42 ticks (per 1 lot)

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 tradethetick 
Irvine, CA
 
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I trade the first 90 minutes of each market. That is when volume is highest and when the market makers are active.

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 tradethetick 
Irvine, CA
 
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No good setups today.


Trade Results: 13 Trades. 7 Wins / 6 Losses. Ratio: 53.8%. MTD: +34 ticks (per 1 lot) YTD: +42 ticks (per 1 lot)

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 tradethetick 
Irvine, CA
 
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No good setups today.


Trade Results: 13 Trades. 7 Wins / 6 Losses. Ratio: 53.8%. MTD: +34 ticks (per 1 lot) YTD: +42 ticks (per 1 lot)

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 tradethetick 
Irvine, CA
 
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No good setups today. It looks like the market makers are on vacation...


Trade Results: 13 Trades. 7 Wins / 6 Losses. Ratio: 53.8%. MTD: +34 ticks (per 1 lot) YTD: +42 ticks (per 1 lot)

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 tradethetick 
Irvine, CA
 
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Posts: 416 since Oct 2011
Thanks: 42 given, 373 received

Trade:
Contract: Russell
Entry signal: Reversal Bar Short
Entry price: 1148.1 (red)
Exit price: 1146.2 (green) Target
Entry time: 7:15 A.M. (Pacific Time)
Ticks: +19 (per 1 lot)



Trade Results: 14 Trades. 8 Wins / 6 Losses. Ratio: 57.1%. MTD: +53 ticks (per 1 lot) YTD: +61 ticks (per 1 lot)

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 tradethetick 
Irvine, CA
 
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Trade:
Contract: Gold
Entry signal: Reversal Bar Long
Entry price: 1319.0 (green)
Exit price: 1317.9 (red) Stop
Entry time: 6:15 A.M. (Pacific Time)
Profit/Loss: -11 ticks



Trade Results: 15 Trades. 8 Wins / 7 Losses. Ratio: 53.3%. MTD: +42 ticks (per 1 lot) YTD: +50 ticks (per 1 lot)

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 tradethetick 
Irvine, CA
 
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Thanks: 42 given, 373 received

Trade:
Contract: Crude Oil
Entry signal: Reversal Bar Short
Entry price: 103.89 (red)
Exit price: 103.77 (green) Target
Entry time: 7:50 A.M. (Pacific Time)
Profit: +12 Ticks



Trade Results: 16 Trades. 9 Wins / 7 Losses. Ratio: 56.25%. MTD: +54 ticks (per 1 lot) YTD: +62 ticks (per 1 lot)

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 tradethetick 
Irvine, CA
 
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No good setups today.


Trade Results: 16 Trades. 9 Wins / 7 Losses. Ratio: 56.25%. MTD: +54 ticks (per 1 lot) YTD: +62 ticks (per 1 lot)

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 tradethetick 
Irvine, CA
 
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No good setups today.

Trade Results: 16 Trades. 9 Wins / 7 Losses. Ratio: 56.25%. MTD: +54 ticks (per 1 lot) YTD: +62 ticks (per 1 lot)

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 tradethetick 
Irvine, CA
 
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No trading before a holiday.

Trade Results: 16 Trades. 9 Wins / 7 Losses. Ratio: 56.25%. MTD: +54 ticks (per 1 lot) YTD: +62 ticks (per 1 lot)

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 tradethetick 
Irvine, CA
 
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No good setups today.


Trade Results: 16 Trades. 9 Wins / 7 Losses. Ratio: 56.25%. MTD: +54 ticks (per 1 lot) YTD: +62 ticks (per 1 lot)

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 tradethetick 
Irvine, CA
 
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Posts: 416 since Oct 2011
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Trade:
Contract: Crude Oil
Entry signal: Reversal Bar Short
Entry price: 101.93 (red)
Exit price: 101.81 (green) Target
Entry time: 7:01 A.M. (Pacific Time)
Profit: +12 Ticks



Trade Results: 17 Trades. 10 Wins / 7 Losses. Ratio: 58.82%. MTD: +66 ticks (per 1 lot) YTD: +74 ticks (per 1 lot)

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

Trade:
Contract: Russell
Entry signal: Reversal Bar Short
Entry price: 1136.8 (red)
Exit price: 1134.2 (green) Target
Entry time: 7:00 A.M. (Pacific Time)
Ticks: +26 (per 1 lot)



Trade Results: 18 Trades. 11 Wins / 7 Losses. Ratio: 61.11%. MTD: +92 ticks (per 1 lot) YTD: +100 ticks (per 1 lot)

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 tradethetick 
Irvine, CA
 
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Posts: 416 since Oct 2011
Thanks: 42 given, 373 received

Trade:
Contract: Gold
Entry signal: Reversal Bar Short
Entry price: 1302.5 (red)
Exit price: 1300.2 (green) Target
Entry time: 6:15 A.M. (Pacific Time)
Profit/Loss: +23 ticks (per 1 lot)



Trade Results: 19 Trades. 12 Wins / 7 Losses. Ratio: 63.16%. MTD: +115 ticks (per 1 lot) YTD: +123 ticks (per 1 lot)

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 tradethetick 
Irvine, CA
 
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No setups today

Trade Results: 19 Trades. 12 Wins / 7 Losses. Ratio: 63.16%. MTD: +115 ticks (per 1 lot) YTD: +123 ticks (per 1 lot)

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  #53 (permalink)
 tradethetick 
Irvine, CA
 
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No setups today. FOMC later in the day makes for chop in the morning.

Trade Results: 19 Trades. 12 Wins / 7 Losses. Ratio: 63.16%. MTD: +115 ticks (per 1 lot) YTD: +123 ticks (per 1 lot)

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  #54 (permalink)
 tradethetick 
Irvine, CA
 
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Trade:
Contract: Crude Oil
Entry signal: Reversal Bar Short
Entry price: 99.26 (red)
Exit price: 99.07 (green) Target
Entry time: 6:52 A.M. (Pacific Time)
Profit/Loss: +19 ticks (per 1 lot)



Trade Results: 20 Trades. 13 Wins / 7 Losses. Ratio: 65.0%. MTD: +19 ticks (per 1 lot) YTD: +142 ticks (per 1 lot)

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 lolu 
Lagos, Nigeria
 
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tradethetick View Post
Trade:
Contract: Crude Oil
Entry signal: Reversal Bar Short
Entry price: 99.26 (red)
Exit price: 99.07 (green) Target
Entry time: 6:52 A.M. (Pacific Time)
Profit/Loss: +19 ticks (per 1 lot)



Trade Results: 20 Trades. 13 Wins / 7 Losses. Ratio: 65.0%. MTD: +19 ticks (per 1 lot) YTD: +142 ticks (per 1 lot)

@tradethetick,

Could you please give a pictorial description/definition of your REVERSAL BAR ? I don't seem to understand your description in your earlier posts.

Lolu

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  #56 (permalink)
 tradethetick 
Irvine, CA
 
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Broker: Adv/TT
Trading: CL, GC, TF
 
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Posts: 416 since Oct 2011
Thanks: 42 given, 373 received

Trade:
Contract: Crude Oil
Entry signal: Reversal Bar Long
Entry price: 99.52 (green)
Exit price: 99.36 (red) Stop
Entry time: 6:45 A.M. (Pacific Time)
Profit/Loss: -16 ticks (per 1 lot)



Trade Results: 21 Trades. 13 Wins / 8 Losses. Ratio: 61.90%. MTD: +3 ticks (per 1 lot) YTD: +126 ticks (per 1 lot)

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 tradethetick 
Irvine, CA
 
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lolu View Post
@tradethetick,

Could you please give a pictorial description/definition of your REVERSAL BAR ? I don't seem to understand your description in your earlier posts.

Lolu

Lolu,

Here is a picture with an explanation for a classic reversal bar. A slight variation is the inside bar. An Bullish Inside Bar does not make a lower low but closes higher than it opened and opposite the direction of the immediate trend. A Bearish Inside Bar does not make a higher high but closes lower than it opened and opposite the direction of the immediate trend.



Hope that helps.

Tony

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 lolu 
Lagos, Nigeria
 
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tradethetick View Post
Lolu,

Here is a picture with an explanation for a classic reversal bar. A slight variation is the inside bar. An Bullish Inside Bar does not make a lower low but closes higher than it opened and opposite the direction of the immediate trend. A Bearish Inside Bar does not make a higher high but closes lower than it opened and opposite the direction of the immediate trend.



Hope that helps.

Tony

@tradethetick,

Thanks, once again. I now fully understand your Reversal concept. I'll test it out next week.

1. What is your method of trade entry ? Do you enter your trade manually/using your discretion ? Do you exit manually too ?

2. Could you please give more details on your targets and exits. You earlier mentioned that "the targets are based on ATR and use market structure to exit".

Lolu

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  #59 (permalink)
 tradethetick 
Irvine, CA
 
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lolu View Post
@tradethetick,

Thanks, once again. I now fully understand your Reversal concept. I'll test it out next week.

1. What is your method of trade entry ? Do you enter your trade manually/using your discretion ? Do you exit manually too ?

2. Could you please give more details on your targets and exits. You earlier mentioned that "the targets are based on ATR and use market structure to exit".

Lolu

1. I trade manually by placing a resting order in the market at either the top / bottom of the reversal bar. My exits are predetermined by price structure. There is some discretion used, such as avoiding fading strong trends, but mostly it is automatic.

2. My targets and stops are based on market structure. Stops are set beyond market structure and targets are set just before market structure. ATR is used to determine the timeframe which gives the market structure for targets and stops.

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 tradethetick 
Irvine, CA
 
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Some observations:

I would like to see better overall results in ticks per month. Seems like it averages about +30 ticks per month which, in my opinion, is average. (Or maybe it's not.) Hard to make full time income on +30 ticks per month.

In addition, I would like to see more setups (which may improve the number of ticks per month).

Thoughts? Suggestions?

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 tradethetick 
Irvine, CA
 
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No trades today.


Trade Results: 21 Trades. 13 Wins / 8 Losses. Ratio: 61.90%. MTD: +3 ticks (per 1 lot) YTD: +126 ticks (per 1 lot)

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 tradethetick 
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

Trade:
Contract: Russell
Entry signal: Inside Bar Short
Entry price: 1119.8 (red)
Exit price: 1118.4 (green) Target
Entry time: 7:36 A.M. (Pacific Time)
Ticks: +14 (per 1 lot)



Trade Results: 22 Trades. 14 Wins / 8 Losses. Ratio: 63.64%. MTD: +17 ticks (per 1 lot) YTD: +140 ticks (per 1 lot)

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 tradethetick 
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

Trade:
Contract: Russell
Entry signal: Inside Bar Short
Entry price: 1097.7 (red)
Exit price: 1094.1 (green) Target
Entry time: 7:42 A.M. (Pacific Time)
Ticks: +36 (per 1 lot)



Trade Results: 23 Trades. 15 Wins / 8 Losses. Ratio: 65.22%. MTD: +50 ticks (per 1 lot) YTD: +176 ticks (per 1 lot)

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 lolu 
Lagos, Nigeria
 
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tradethetick View Post
Trade:
Contract: Russell
Entry signal: Inside Bar Short
Entry price: 1097.7 (red)
Exit price: 1094.1 (green) Target
Entry time: 7:42 A.M. (Pacific Time)
Ticks: +36 (per 1 lot)



Trade Results: 23 Trades. 15 Wins / 8 Losses. Ratio: 65.22%. MTD: +50 ticks (per 1 lot) YTD: +176 ticks (per 1 lot)

@tradethetick,

I see that you now use the Inside Bar. Very Interesting !!! I'll love to see an Outside Bar setup trade one of these days.

What are the Orange, Megenta and a third colored (I can't identify the color) horizontal lines ? How do you use them ?

Lolu

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 tradethetick 
Irvine, CA
 
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lolu View Post
@tradethetick,

I see that you now use the Inside Bar. Very Interesting !!! I'll love to see an Outside Bar setup trade one of these days.

What are the Orange, Megenta and a third colored (I can't identify the color) horizontal lines ? How do you use them ?

Lolu

I like Inside Bars more than Outside Bars. I have not had much success with Outside Bars so I stopped trading them. The Outside Bars show up but I don't take them which is why they're not posted here. I only post the setups I took.

The horizontal lines are YL (Magenta), OL (Orange), YH (Blue), and OH (Purple). If it's the Russell then there is a Yellow line for YC too. I like to see a Reversal Bar at those areas because there is a greater probability of a winning trade.

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 tradethetick 
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

Trade:
Contract: Gold
Entry signal: Reversal Bar Short
Entry price: 1289.6 (red)
Exit price: 1288.4 (green) Target
Entry time: 6:12 A.M. (Pacific Time)
Ticks: +12 (per 1 lot)



Trade Results: 24 Trades. 16 Wins / 8 Losses. Ratio: 66.67%. MTD: +62 ticks (per 1 lot) YTD: +188 ticks (per 1 lot)

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 lolu 
Lagos, Nigeria
 
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tradethetick View Post
I like Inside Bars more than Outside Bars. I have not had much success with Outside Bars so I stopped trading them. The Outside Bars show up but I don't take them which is why they're not posted here. I only post the setups I took.

The horizontal lines are YL (Magenta), OL (Orange), YH (Blue), and OH (Purple). If it's the Russell then there is a Yellow line for YC too. I like to see a Reversal Bar at those areas because there is a greater probability of a winning trade.

@tradethetick,

Do you mean DL (Orange) and DH (Purple) instead of OL (Orange) and OH (Purple) ... DL = Day Low; DH = Day High ?

Lolu

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 tradethetick 
Irvine, CA
 
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lolu View Post
@tradethetick,

Do you mean DL (Orange) and DH (Purple) instead of OL (Orange) and OH (Purple) ... DL = Day Low; DH = Day High ?

Lolu

No I meant OL = Overnight Low and OH = Overnight High. I also include a thin dark pink line for Weekly Low and a thin blue line for Weekly High.

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 tradethetick 
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

Trade:
Contract: Gold
Entry signal: Reversal Bar Long
Entry price: 1290.4 (green)
Exit price: 1291.4 (red) Target
Entry time: 6:12 A.M. (Pacific Time)
Ticks: +10 (per 1 lot)



Trade Results: 25 Trades. 17 Wins / 8 Losses. Ratio: 68%. MTD: +72 ticks (per 1 lot) YTD: +198 ticks (per 1 lot)

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

No trades today.

Trade Results: 25 Trades. 17 Wins / 8 Losses. Ratio: 68%. MTD: +72 ticks (per 1 lot) YTD: +198 ticks (per 1 lot)

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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: 25 Trades. 17 Wins / 8 Losses. Ratio: 68%. MTD: +72 ticks (per 1 lot) YTD: +198 ticks (per 1 lot)

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 tradethetick 
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, 373 received

Trade:
Contract: Russell
Entry signal: Reversal Bar Short
Entry price: 1113.0 (red)
Exit price: 1111.1 (green) Target
Entry time: 7:06 A.M. (Pacific Time)
Ticks: +19 (per 1 lot)



Trade Results: 26 Trades. 18 Wins / 8 Losses. Ratio: 69.23%. MTD: +91 ticks (per 1 lot) YTD: +217 ticks (per 1 lot)

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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
Thanks: 42 given, 373 received

Trade:
Contract: Russell
Entry signal: Reversal Bar Short
Entry price: 1083.1 (red)
Exit price: 1082.1 (green) Target
Entry time: 7:27 A.M. (Pacific Time)
Ticks: +10 (per 1 lot)



Trade Results: 27 Trades. 19 Wins / 8 Losses. Ratio: 70.37 MTD: +101 ticks (per 1 lot) YTD: +227 ticks (per 1 lot)

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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
Thanks: 42 given, 373 received

Trade:
Contract: Gold
Entry signal: Reversal Bar Short
Entry price: 1290.4 (red)
Exit price: 1291.6 (green) Stop
Entry time: 6:06 A.M. (Pacific Time)
Ticks: -12 (per 1 lot)



Trade Results: 28 Trades. 19 Wins / 9 Losses. Ratio: 67.86%. MTD: +89 ticks (per 1 lot) YTD: +215 ticks (per 1 lot)

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 tradethetick 
Irvine, CA
 
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No trades today.

Trade Results: 28 Trades. 19 Wins / 9 Losses. Ratio: 67.86%. MTD: +89 ticks (per 1 lot) YTD: +215 ticks (per 1 lot)

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

Trade:
Contract: Russell
Entry signal: Reversal Bar Short
Entry price: 1098.7 (red)
Exit price: 1097.2 (green) Target
Entry time: 7:20 A.M. (Pacific Time)
Ticks: +15 (per 1 lot)



Trade Results: 29 Trades. 20 Wins / 9 Losses. Ratio: 68.97%. MTD: +104 ticks (per 1 lot) YTD: +230 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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No trades today.

Trade Results: 29 Trades. 20 Wins / 9 Losses. Ratio: 68.97%. MTD: +104 ticks (per 1 lot) YTD: +230 ticks (per 1 lot)

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  #78 (permalink)
 fourtiwinks 
Singapore
 
Experience: Beginner
 
Posts: 206 since Jun 2011
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I added a filter for my reversal bar setups and now there are less of them to show.

As long as it remains a profitable strategy, then less trades is fine.

It's about making more money, not trading more.

Hi @tradethetick, may I enquire what kind of filter do you use? Can you elaborate on it as well?

Thanks in advance!

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 tradethetick 
Irvine, CA
 
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fourtiwinks View Post
Hi @tradethetick, may I enquire what kind of filter do you use? Can you elaborate on it as well?

Thanks in advance!

Hi,

The only filter I added was to no longer take reversal bars against a steep trend. Now I look to only take them with the trend if the trend is steep. The trend I look at is in the time frame I am trading.

Hope that answers your question.

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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

No trades today.

Trade Results: 29 Trades. 20 Wins / 9 Losses. Ratio: 68.97%. MTD: +104 ticks (per 1 lot) YTD: +230 ticks (per 1 lot)

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 fourtiwinks 
Singapore
 
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...The only filter I added was to no longer take reversal bars against a steep trend...

Thanks for sharing, tradethetick. Just a suggestion, you may wish to explore if an ATR trailing stop can help you filter or stay in the trend.

Here is the link to Fat Tails's SuperTrend indicator for NT7:
https://futures.io/local_links_sort.php?catid=19&filter=&sort=d&page=1&pp=10&keyid=47

I'm still can't see the reversal bars myself, but I've attached a M3 chart for your reference. The simple ATR trailing stop setting is just 1-bar period and ATR=2. Hopefully, it may be of help to you..



Forgot to add that it is a lagging indicator, but I think if it's set to just a few bar periods, it can provide a current volatility range to look at.

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 tradethetick 
Irvine, CA
 
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fourtiwinks View Post
Thanks for sharing, tradethetick. Just a suggestion, you may wish to explore if an ATR trailing stop can help you filter or stay in the trend.

Here is the link to Fat Tails's SuperTrend indicator for NT7:
https://futures.io/local_links_sort.php?catid=19&filter=&sort=d&page=1&pp=10&keyid=47

I'm still can't see the reversal bars myself, but I've attached a M3 chart for your reference. The simple ATR trailing stop setting is just 1-bar period and ATR=2. Hopefully, it may be of help to you..



Forgot to add that it is a lagging indicator, but I think if it's set to just a few bar periods, it can provide a current volatility range to look at.

Thank you. I will check that out! Much appreciated!!

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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: 29 Trades. 20 Wins / 9 Losses. Ratio: 68.97%. MTD: +104 ticks (per 1 lot) YTD: +230 ticks (per 1 lot)

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 tradethetick 
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

Trade:
Contract: Crude Oil
Entry signal: Inside Bar Short
Entry price: 103.0 (red)
Exit price: 102.9 (green) Target
Entry time: 7:08 A.M. (Pacific Time)
Ticks: +10 (per 1 lot)



Trade Results: 30 Trades. 21 Wins / 9 Losses. Ratio: 70%. MTD: +114 ticks (per 1 lot) YTD: +240 ticks (per 1 lot)

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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

No trades on Friday.

Trade Results: 30 Trades. 21 Wins / 9 Losses. Ratio: 70%. MTD: +114 ticks (per 1 lot) YTD: +240 ticks (per 1 lot)

YTD is 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

No trades today.

Trade Results: 30 Trades. 21 Wins / 9 Losses. Ratio: 70%. MTD: +0 ticks (per 1 lot) YTD: +240 ticks (per 1 lot)

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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: Russell
Entry signal: Reversal Bar Short
Entry price: 1126.9 (red)
Exit price: 1124.9 (green) Target
Entry time: 7:11 A.M. (Pacific Time)
Ticks: +20 (per 1 lot)



Trade Results: 31 Trades. 22 Wins / 9 Losses. Ratio: 70.97%. MTD: +20 ticks (per 1 lot) YTD: +260 ticks (per 1 lot)

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 tradethetick 
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: 31 Trades. 22 Wins / 9 Losses. Ratio: 70.97%. MTD: +20 ticks (per 1 lot) YTD: +260 ticks (per 1 lot)

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 tradethetick 
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: 31 Trades. 22 Wins / 9 Losses. Ratio: 70.97%. MTD: +20 ticks (per 1 lot) YTD: +260 ticks (per 1 lot)

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  #90 (permalink)
 tradethetick 
Irvine, CA
 
Experience: Intermediate
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Posts: 416 since Oct 2011
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Trade:
Contract: Gold
Entry signal: Reversal Bar Long
Entry price: 1254.3 (green)
Exit price: 1253.2 (red) Stop
Entry time: 6:33 A.M. (Pacific Time)
Ticks: -11 (per 1 lot)

I did not follow my filter on this one. And wow! Was I on the wrong side of the market!!



Trade Results: 32 Trades. 22 Wins / 10 Losses. Ratio: 68.75%. MTD: +9 ticks (per 1 lot) YTD: +249 ticks (per 1 lot)

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 tradethetick 
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: 32 Trades. 22 Wins / 10 Losses. Ratio: 68.75%. MTD: +9 ticks (per 1 lot) YTD: +249 ticks (per 1 lot)

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  #92 (permalink)
 tradethetick 
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: 32 Trades. 22 Wins / 10 Losses. Ratio: 68.75%. MTD: +9 ticks (per 1 lot) YTD: +249 ticks (per 1 lot)

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  #93 (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
Thanks: 42 given, 373 received

Contract: Russell
Entry signal: Reversal Bar Short
Entry price: 1166.1 (red)
Exit price: 1164.3 (green) Target
Entry time: 7:25 A.M. (Pacific Time)
Ticks: +18 (per 1 lot)



Trade Results: 33 Trades. 23 Wins / 10 Losses. Ratio: 69.70%. MTD: +27 ticks (per 1 lot) YTD: +267 ticks (per 1 lot)

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 echoeversky 
Puyallup, Washington State
 
Experience: Intermediate
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Trading this live or sim?

-E

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  #95 (permalink)
 tradethetick 
Irvine, CA
 
Experience: Intermediate
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echoeversky View Post
Trading this live or sim?

-E

Only Live

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 tradethetick 
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: 33 Trades. 23 Wins / 10 Losses. Ratio: 69.70%. MTD: +27 ticks (per 1 lot) YTD: +267 ticks (per 1 lot)

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  #97 (permalink)
JTurner77
Los Angeles, CA
 
 
Posts: 68 since Dec 2011
Thanks: 55 given, 31 received

Interesting thread.

Did you ever by chance go back to the first few trades and see what would have happened had you used your filter from the beginning?

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  #98 (permalink)
 tradethetick 
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

Contract: Crude Oil
Entry signal: Reversal Bar Short
Entry price: 106.6 (red)
Exit price: 106.78 (green) Stop
Entry time: 6:59 A.M. (Pacific Time)
Ticks: -12 (per 1 lot)



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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  #99 (permalink)
 tradethetick 
Irvine, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Adv/TT
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Posts: 416 since Oct 2011
Thanks: 42 given, 373 received


JTurner77 View Post
Interesting thread.

Did you ever by chance go back to the first few trades and see what would have happened had you used your filter from the beginning?

It was about 3 losing trades that I would not have taken. Net gain of around +42 ticks (per 1 lot)

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 tradethetick 
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: 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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