Apex Trader Funding Journal - 04Jun2024 - US Session

Here is an example of a correct thesis but incorrect timing.

The thesis is the wedge top (the sloping orange line) would break on the next attempt.  This is based on order flow analysis.  I enter long on increasing bid support (the horizontal orange line) expecting a break.

However, the bid support broke instead, so I exited my trade on continuation of the wedge top for a 3t profit instead of the original larger target.

The unexpected bear break encouraged shorts to enter, but these were then trapped and added to the fuel on the eventual break.

Easy to read in hindsight, but difficult in real time.

I decide not to trade any more this session.

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.