Just scrolled through this thread to get an idea. Will delve in later. Extremely valuable and informative this topic (unlike the bulk in ET), as I always wondered about all this hate towards trading courses in general, "fake"gurus, books on trading, etc. Suspect very few aspiring traders are willing to put up the hard work to get the main idea behind the trading business in general, or the specific approach presented. Good work, keep on with your challenge.
Apex Sniper Trading Bootcamp – Challenge Countdown – 26 Days … Tuesday Trading with limited opportunities again … Actions I took today: Watched the market … Reviewed the market to identify trades I thought were valid trades on ES Leeloo Trading Evaluation Again, there were limited valid trades. I did not take any trades today. I decided to spend the time when I watching the market to determine which market would be the best. ES – Trades recently have been mostly before the US Market. The speed was good to very slow. The problem with slow markets is it is easy to get impatient and take trades that are not valid. It is also important to watch NQ along with the ES market as the ES market often will react when NQ is going into strong zones. YM – The speed is normally faster than ES but slower than NQ. It acts differently from the ES and NQ and needs a few days to see which trade setups work best. NQ – This market can be too quick to enter and lately has had periods of liquidity. This greats slippage both entering and exiting. Lately, the NQ appears to be respecting the setups and giving a larger number of opportunities. From tomorrow I will be more focussed on trading the NQ. Potential ES Trades and Rejected Potential Trades Rejected Potential Trades are trades that are the basics of a valid trade but have a reason not to enter. Resources: Watch this space for more resources that I find useful. I will include books, articles, podcasts, interviews, videos, hypnosis/meditation audios, mental exercises, and more … I will report back tomorrow on my progress and any lessons I learn Disclaimer I am not affiliated with any of these companies.
Apex Sniper Trading Bootcamp – Challenge Countdown – 25 Days … Wednesday Trading … Actions I took today: Watched the market, my focus was on the NQ market … Reviewed the market to identify trades I thought were valid trades on NQ Todays Trading After reviewing the NQ market over the last week, I didn’t feel comfortable to just jump in today and start trading. I decided just to watch just the NQ market. Setups are the same across different markets but each market has some small nuances that I need to get in tune with. Over the last week, I have been watching NQ along with other markets, but with the speed, it moves you then miss trades, which in turn plays with my psychology. Potential NQ Trades Resources: I have been looking for a good way to be able to have one app/software to hold all my notes and plans together and be easy to access. I have tried Evernote, Word, Maple, and a heap of other apps. In the past, I looked at Onenote and didn’t really like it. The other day I had a look at someone’s notes they made using Onenote … it was perfect for what I wanted to do. I am now in the process of transferring my Trading plan / Playbook from word to the Onenote for Windows 10 App, I will now use Onenote for all my notes when I am taking notes from the trading lesson videos. Be aware that there are two different Onenote programs. They have lightly different looks (one better) and they also allow different customization. Check out the app and let me know what you think … do you know of a better program? ***** Watch this space for more resources that I find useful. I will include books, articles, podcasts, interviews, videos, hypnosis/meditation audios, mental exercises, and more … I will report back tomorrow on my progress and any lessons I learn Disclaimer I am not affiliated with any of these companies.
Perfectly happy. In fact, 99.5% of all traders will envy me. But: my experience shows that market regimes can change drastically over time, and so the performance of any systematic trading approach that does not autmatically adjust. What's your observation on that? (Just started reading the thread from start, great work Garry)
Hi Akhaldanos, Yes, I agree with you that markets change. Good system design, have a continuous improvement process built-in so that they continue to have the edge. Part of developing a systematic approach is to test it in certain markets to see if it will work when the market changes. The question is how to take into account the changes as you move forward with your system? I have commenced recording why I entered and why I didn't enter a setup. This way I have more data for review to see if the market has changed and how it affects the results. In my next post, you will see my comments about the market changing and the Apex Sniper setups not being as frequent. Part the Apex process is they review and modify the rules to stay with the market changes. This includes adding different setups to capitalize on market changes. With Apex it is less formal and more an ad-hoc process. My preference is a more formal process as ad-hoc changes can confuse people if they don't understand the logic behind changes. Cheers Garry
Apex Sniper Trading Bootcamp – Challenge Review … I have not posted or traded in the last 9 trading days due to some personal reasons but am now back on Monday to finish this first challenge. I have 10 days to become profitable! Challenge Review I have reviewed the last 9 trading days to see what I missed and found that I didn’t miss much. My normal process is to review every 24 hours for the instrument but generally do not trade after Midday. The market has been very hard to trade most mornings from open until at least 11 am. It would appear that before open a couple of good trades usually occur. If you do lose one trade then it is very hard to make it back to profit due to the risk:reward and the lack of trades. I still have confidence in the Apex Sniper Setups but the change in the market has changed the frequency of these trades. Over the last couple of weeks, Apex Investing appears to be more focused on a relatively new setup using the Simplicity Chart. It has a higher risk with a higher potential reward opportunity. It also suits the current market. So Where to now? I will start daily posting from next Monday with 15 days to go to the end of this Challenge. Before Monday I will review the Simplicity Trade and determine if I should trade it. I will start reviewing other courses (just in case) for the next 90-day challenge Resources: Watch this space for more resources that I find useful. I will include books, articles, podcasts, interviews, videos, hypnosis/meditation audios, mental exercises, and more … I will report back tomorrow on my progress and any lessons I learn Disclaimer I am not affiliated with any of these companies.
Apex Sniper Trading Bootcamp – Challenge Countdown – 15 Days to go … Only 15 days to go with this current 90-day challenge … Actions I took since the last post: Reviewed the Simplicity Chart training Reviewed the market to identify trades I thought were valid trades on ES and NQ Simplicity Chart Apex Investing introduced the Simplicity Chart a couple of months ago and it was promoted as a way of trailing once you entered using Sniper Bootcamp Setups. A few people jumped on board with the concept and made some good money. Other accounts were blown up. From my observation, it occurred because of how they implemented the system. Recently, heaps of people are trading using Simplicity with great results. Darrell has been training people on how to enter just using the simplicity chart. The Trading Room has been more focussed on the Simplicity trades. What does the Simplicity Chart look like? It is a basic 30-second bar chart with two lines that are based on VIX type data. The result is if the two lines are pointing in a direction and the lines are the same color as the direction then you have a setup bar if the bar closes in the same direction. If that bar is broken on the next bar then you enter. The trail is based on one of the lines which can be either conservative or aggressive. From all observations, it would appear that you can hop on some very good trails with this. The biggest disadvantage is that the stop can be much larger than normal and that large pullbacks after entry can occur. Another potential disadvantage is that you need a separate data feed for this data. As a member, you can see the Simplicity Chart for ES and NQ, in the room 24×7. The room charts are great and you can trade based on them but you cannot backtest to see if the system works overtime. Like all trades, the secret is knowing when NOT to enter. What am I going to do with the Simplicity Chart? I will continue to watch and track the room posted Simplicity chart, to learn more and see if the system is worth paying for the extra feed. I particularly like the entry with the Sniper setup and then trail with the Simplicity chart. Todays Trading (Sunday and Monday) I traded in Sim, 3 trades (2 ES and 1 NQ). ES Trades Trade 1 ES – 3:11 am The Short Entry was a Valid Enhanced TX against the trend and a DTX setup. It also was 1 tick from being a very good ODD (divergence) trade. This trade was successful for full profit.15 Trade 2 ES – 3:39 am On first appearance, this trade is a valid DTX trade, and it is … Normal risk (stop) is about 21 ticks ($105). This trade needed the stop to be placed above the two orange lines (paws). This would add another 5 ticks to the risk. The risk would be $130 with a reward of $45. Then adjust for commission. My rule would be not to take the trade due to the risk. I placed the stop 1 tick above the bar. Then moved it to BE +2 ticks. I was stopped out. You can see below, if my stop would have been in the correct place then the trade would have gone to full profit. Trade 1 NQ – 9:46 This trade was a valid DTX trade that went to profit. +$50 – commission Resources: I have tried a number of hypnosis audios and videos looking for an edge with my trading. If you make them part of your regular routine, then I believe they do help. I have been testing the free hypnosis videos from Trading Composure. They have heaps of different topics all posted on their Youtube page. https://www.youtube.com/c/TradingComposure/videos I am sure you will find one to suit your needs. Choose one and listen to it for 30 days and see if it helps ********************************* Watch this space for more resources that I find useful. I will include books, articles, podcasts, interviews, videos, hypnosis/meditation audios, mental exercises, and more … I will report back tomorrow on my progress and any lessons I learn Disclaimer I am not affiliated with any of these companies.
Apex Sniper Trading Bootcamp – Challenge Countdown – 14 Days to go … Tuesday, and 14 days to go… Actions I took since the last post: Watched for potential Simplicity Chart trades Reviewed the market to identify trades I thought were valid trades on ES and NQ Simplicity Trades A number of the trades would have worked out. Reading on the forum, it appears that several people are successful with this method and others are not so much. Like all new systems, it is often hard to learn when NOT to enter a trade. Watching the chart on the forum seems to work well but again takes time to get familiar with it. I will continue watching to learn the nuances. Todays Trading (Tuesday) I traded in Sim, 1 trade (1 NQ). Trade 1 NQ – 6:22 am The Short Entry was a Valid Elevator trade. This trade was successful for full profit. Potential Trades Valid trades on ES were very limited. I could only see one valid trade. NQ had 9 valid trades. I did not include several setups between 10 and 11 am as the speed of the market would have prevented entry form occurring. Resources: If you enjoyed the Best of Trading Psychology Part 1 podcast, then check out Aaron's latest podcast. “Best of Trading Psychology Part 2”. https://chatwithtraders.com/ep-200-best-of-trading-psychology-pt-2/ ********************************* Watch this space for more resources that I find useful. I will include books, articles, podcasts, interviews, videos, hypnosis/meditation audios, mental exercises, and more … I will report back tomorrow on my progress and any lessons I learn Disclaimer I am not affiliated with any of these companies.
Apex Sniper Trading Bootcamp – Challenge Countdown – 13 Days to go … Wednesday, and 13 days to go… Actions I took since the last post: Watched for potential Simplicity Chart trades Reviewed the market to identify trades I thought were valid trades on ES and NQ Simplicity Trades I will continue watching to learn the nuances. Todays Trading (Tuesday) I did not see any valid trades in ES today. I traded in Sim, 2 trades (2 NQ). Trade 1 NQ – 4:34 am The Short Entry was a DTX trade. It was also within 1 tick of being a valid ODD. This trade was successful for full profit. Trade 2 NQ – 8:20 am The Long Entry was a DTX trade and ODD This trade was successful for full profit. Potential Trades No Valid trades on ES. NQ had 16 valid trades with only 1 loser. I did not include a few setups as the speed of the market would have prevented entry form occurring. Resources: Steve Ward has been helping traders improve their performance for more than 15 years. The last two books he has written are High-Performance Trading and Trader Mind. His latest book has been recently published, called Bulletproof Trader. I have just started reading his latest book and it looks good. The following link is a recent video where Steve explains his ideas on How to Become a Bulletproof Trader. “Steve Ward: How To Become A Bulletproof Trader”. ********************************* Watch this space for more resources that I find useful. I will include books, articles, podcasts, interviews, videos, hypnosis/meditation audios, mental exercises, and more … I will report back tomorrow on my progress and any lessons I learn Disclaimer I am not affiliated with any of these companies.