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(binned per thread starter’s request) reversionX: A Rule-Based

  • #321
  • Edited 12:21pm Jun 17, 2025 12:10pm | Edited 12:21pm
Quoting colmconneely
My London session trades today 1: -1R. Poor trade, price moved too much and RR not great. 2: +2R. 3: +2R. 4: +2R. 5: -1R. Again not a good trade, was late on entry and 2R target is opposite bollinger band New to this strategy so trading with very low risk and journaling each trade in-depth. Any critique or advice would be welcome. {image} {image} {image} {image} {image}
Solid session: 6R in wins, 2R in losses — net +4R. Love the approach of waiting for the breakout instead of entering immediately on the close of second yellow/blue bar. That’s a completely valid style — no critiques there.

Just a quick note: always keep an eye on key levels like previous day/week highs and lows, divergences, and higher timeframe alignment. These extra confluences can make a big difference over time.

Beyond that — perfect execution. What I really appreciate is the detailed journaling you're doing. That habit compounds. And even if the results were flipped — 4 losses, 2 wins — you’d still be breakeven. That’s the power of following the process with solid risk-reward. Keep showing up, stick to your edge.
There is no holy grail in trading – only discipline, consistency and edge.
  • #322
  • Edited 3:01pm Jun 17, 2025 2:24pm | Edited 3:01pm
Quoting colmconneely
My London session trades today 1: -1R. Poor trade, price moved too much and RR not great. 2: +2R. 3: +2R. 4: +2R. 5: -1R. Again not a good trade, was late on entry and 2R target is opposite bollinger band New to this strategy so trading with very low risk and journaling each trade in-depth. Any critique or advice would be welcome. {image} {image} {image} {image} {image}
Is this a MT4 template? please share if u could, indi's and template.
  • #323
  • Jun 17, 2025 3:54pm Jun 17, 2025 3:54pm
Quoting Detto
{quote} Is this a MT4 template? please share if u could, indi's and template.
It's literally the Tradingview template that Rishee is using...
  • #324
  • Jun 17, 2025 3:57pm Jun 17, 2025 3:57pm
Quoting colmconneely
My London session trades today 1: -1R. Poor trade, price moved too much and RR not great. 2: +2R. 3: +2R. 4: +2R. 5: -1R. Again not a good trade, was late on entry and 2R target is opposite bollinger band New to this strategy so trading with very low risk and journaling each trade in-depth. Any critique or advice would be welcome. {image} {image} {image} {image} {image}
hi Pal

what do you mean by this on your fifth trade?

5: -1R. Again not a good trade, was late on entry and 2R target is opposite bollinger band

is it not usual for target to be opposite bollinger band? thanks
  • #325
  • Jun 17, 2025 4:25pm Jun 17, 2025 4:25pm
Quoting rishee
Trade Breakdown: Trade 1: 0R / -1R Trade 2: 0.48R Trade 3: 2R Trade 4: 0R / -1R Trade 5: 2R Trade 6: 2R Trade 7: 2R Trade 8: Running (Not an ideal setup — technically valid, but the opposite Bollinger Band isn’t even at the 1R target, and the stop loss is too large for intraday) Total Returns: Conservative Outcome: 8.48R Aggressive Outcome: 6.48R {image}
Following up on the trades:

  1. Trade 8 closed at 0.32R
  2. Trade 9 reached 2R

Total Results:

  1. Conservative Outcome: 10.08R
  2. Aggressive Outcome: 8.80R

    Attached Image (click to enlarge)
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There is no holy grail in trading – only discipline, consistency and edge.
  • #326
  • Jun 17, 2025 10:34pm Jun 17, 2025 10:34pm
Ohh man, what a setup, as clean as it gets

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There is no holy grail in trading – only discipline, consistency and edge.
  • #327
  • Jun 18, 2025 6:59am Jun 18, 2025 6:59am
Nice setup on Natural gas
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There is no holy grail in trading – only discipline, consistency and edge.
  • #328
  • Jun 18, 2025 7:12am Jun 18, 2025 7:12am
Is this correct ?
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  • #329
  • Jun 18, 2025 8:00am Jun 18, 2025 8:00am
Quoting Detto
Is this correct ? {image}
Yes, that's correct..
There is no holy grail in trading – only discipline, consistency and edge.
  • #330
  • Jun 18, 2025 8:12am Jun 18, 2025 8:12am
Quick scalp trade on silver .. Keeping my stop loss tight ... let's see how it plays
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There is no holy grail in trading – only discipline, consistency and edge.
  • #331
  • Jun 18, 2025 8:45am Jun 18, 2025 8:45am
Another beautiful setup.. Nice Divergence, MACD clearly loosing bullish momentum
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There is no holy grail in trading – only discipline, consistency and edge.
  • #332
  • Jun 18, 2025 8:47am Jun 18, 2025 8:47am
Loving these 5M- 15M combos... we can clearly see buy the time we got 5M conformation there is a initial signal on 15M....
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There is no holy grail in trading – only discipline, consistency and edge.
  • #333
  • Jun 18, 2025 9:15am Jun 18, 2025 9:15am
Quoting rishee
Quick scalp trade on silver .. Keeping my stop loss tight ... let's see how it plays {image}
Took us out
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There is no holy grail in trading – only discipline, consistency and edge.
  • #334
  • Jun 18, 2025 9:20am Jun 18, 2025 9:20am
Please tell me someone took this beauty
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There is no holy grail in trading – only discipline, consistency and edge.
  • #335
  • Jun 18, 2025 9:23am Jun 18, 2025 9:23am
Hi everybody...my trades today: 1 loss and 1 win.
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  • #336
  • Jun 18, 2025 9:25am Jun 18, 2025 9:25am
Quoting Eskyflyer
Hi everybody...my trades today: 1 loss and 1 win. {image} {image}
Awesome....
There is no holy grail in trading – only discipline, consistency and edge.
  • #337
  • Jun 18, 2025 9:30am Jun 18, 2025 9:30am
Quoting rishee
Loving these 5M- 15M combos... we can clearly see buy the time we got 5M conformation there is a initial signal on 15M.... {image}
Even if you entered on the 15-minute chart, it just hit take profit there too. If you're holding a 5-minute entry, now’s a great time to exit with a solid 3R. Perfect example of multi-timeframe alignment at its best.
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There is no holy grail in trading – only discipline, consistency and edge.
  • #338
  • Jun 18, 2025 10:05am Jun 18, 2025 10:05am
Quoting hope&glory
{quote} hi Pal what do you mean by this on your fifth trade? 5: -1R. Again not a good trade, was late on entry and 2R target is opposite bollinger band is it not usual for target to be opposite bollinger band? thanks
Hi,
Meant to say TP target is outside the opposite BB, which I don't think is ideal since the main component of this strategy is mean reversion. And per the original post since we're using BB to show where ~95% of price action should occur, targeting an area outside this isn't very wise. However I'm still new to this strategy so feel free anyone to correct me if you think my thinking here is incorrect.
Thanks
  • #339
  • Jun 18, 2025 10:06am Jun 18, 2025 10:06am
Lets see how it plays out

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There is no holy grail in trading – only discipline, consistency and edge.
  • #340
  • Jun 18, 2025 10:14am Jun 18, 2025 10:14am
Quoting colmconneely
{quote} Hi, Meant to say TP target is outside the opposite BB, which I don't think is ideal since the main component of this strategy is mean reversion. And per the original post since we're using BB to show where ~95% of price action should occur, targeting an area outside this isn't very wise. However I'm still new to this strategy so feel free anyone to correct me if you think my thinking here is incorrect. Thanks
Yes, that’s absolutely right—with just one practical note. I’m fine taking a trade as long as 1R is within the opposite Bollinger Band; 2R doesn’t have to be. We can trail or partial out if the move keeps going, but at least the first target should be realistic within the bands. That said, totally fair to skip the setup if your TP lies completely outside—it’s all about how conservative you want to be.
There is no holy grail in trading – only discipline, consistency and edge.
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