Apex Trader Funding Journal - 22May2024

Just before the London Open, Order Flow showed a pulling of bids from the DOM (indicated by the 3 red triangles).  Immediately at the London Open, there was a large iceberg offer (indicated by the orange horizontal line).  The thesis is this could be the start of a trend lower, so the plan is to scalp with the trend.

Trades 1-6 are all Order Flow scalps in the direction of the bearish bias.

To comply with Apex DCA rules, a losing trade cannot be added to more than once.

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.