Apex Trader Funding Journal - 28May2024 - London Session
Trade 1 is an exhaustion trade supported by Order Flow. The expectation is price will consolidate at this level for a while, but uncertain if price will continue higher or reverse lower.
Trade 2 is an Order Flow scalp with a long bias based on 3 previous higher lows and higher highs.
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.
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