Apex Trader Funding Journal - 10Jun2024

I don't have a daily bias today so I intend to take scalps based on order flow.

Trade 1 is based on Liquidity Exhaustion during the London Open.

Trade 2 adds to winning trade 1, based on increasing offers chasing price down.  I'm confident in this trade so add a double size.

Trade 3 is based on breakdown of a long iceberg.

Trade 4 is based on price supported at the London open's "Fair Value Gap" and failure to make a new low.  My bias is now switched to Long and I wait for order flow to provide an entry.  Evidence of an iceberg completes, breaks below 1 tick, then the bid resumes.

Trade 5 is based on a break of the previous low with an increasing offer.  The expectation is this will now sell off to below the London low.  This trade did eventually play out and take out London Liquidity, but I had to cut the trade early due to time constraints.

Trade 6 is a scalp based on order flow, protection being a consolidation block above.  This adds to a losing position once, which is allowed under Apex rules.

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.