Apex Trader Funding Journal - 04Jun2024 - London Session

Today I do not have any idea of direction and suspect it will be a choppy day.  There is also low liquidity, so the plan is to take very quick scalps with short profit targets.

Trade 1 was entered as price re-captured the original breakdown area (the left orange line).  There was 3 ticks to the upper orange line (net resistance based on previous breakdown area) so I entered a quick scalp for the 3 ticks.

Trade 2 is an exhaustion trade; market sell orders had diminished and strong bid support formed.  I was uncertain if price would go lower, but expected to be able to capture 3 ticks.

Green lines indicate winning trades.  Red lines indicate losing trades.

Trade: The trade number on this day.

DCA: Dollar Cost Average - This increases each time a trade is added to a losing trade.  As per Apex rules, this should never be greater than 1.

AIP: Add In Profit - This increases each time a trade is added to a winning trade.  This can be unlimited.

Entry: Time in UTC.

Exit: Time in UTC.

Size: The number of ES contracts traded.

Direction: Long or Short.

MAE: Maximum Adverse Excursion.  This is the maximum number of ticks the trade moved against me during the duration of the trade.  As per Apex rules, this should average less than 4 (risk) to 1 (reward).  Apex have stated that this is not a hard rule providing risk is sensibly managed.

TC: Ticks Captured.  The number of ticks captured by the trade.  A negative number indicates a loss.  To calculate the profit, multiple TC by Size.