My Trading Quest - Can I be Profitable in 90 Days?

Discussion in 'Journals' started by eRESULTS, Mar 17, 2020.

  1. eRESULTS

    eRESULTS

    Hi Strike333,

    1. Yes, I have used Order flow but have not found one until now that makes sense. Apex is based on order prints.

    Apex explain most of the behind the indicator information.

    There is a saying "Do you want to be right or make money". I don't know what indicators you currently use but ... does it really matter if you don't fully understand how it works? Many people would argue that you need to. Is it profitable (have you backtested it), are you monitoring it to see that it is still profitable ... etc. Do you have a fixed set of rules for the setup?

    I think that all these are more important then the mechanics of the indicator. With Apex, you can learn how the indicators are actually calculated ... if you want.

    2. Yes, they actually teach you to enter from the Sniper setup and trail with the Simplicity. Yesterday, they taught how to enter on simplicity after a pull back so you reduce your risk.

    3. Semi automation - I have avoided discussing that in my posts but as you ask.

    I have a major problem with new people using the TA. It is only semi automated but if you have it turned on it can enter a trade that doesn't meet the rules. It is your job to turn it off!
    Too many new people are entering trades and don't know the rules. They think that that is OK!!!

    The TA can be very helpful once you have mastered the rules.

    Thin markets are bad for both TA and manual ... slippage issues. TA may get you in but you pay for it in slippage.

    In fast markets, it will get you in more often then manual but you also may not have time to analyse the setup to see if it was valid.

    This is only my opinion :)

    4. My favourite Apex setups are ODD (divergence), HD (Hidden Divergence), DTX (Double TX). I like the ETX and NTX but they need more support to work.

    5. Other Courses - I don't want to mention the names until I have completed my homework. Two that I did review at the beginning of my posts are:


    • IDTA International Day Trading (https://www.idta.com.au/) they trade Futures. I have been following them for a long time and they are professional and get great results. The only reason I didn't choose them when I started the challenge was that they are more costly then Apex. Cost around $5000 Aussie for the first course + ongoing costs. I have spoken to a number of their clients and some are achieving fantastic results. They are in the running for the next challenge.
    • Tribe of traders is a UK based Forex company who are getting great results only trading about 30 minutes a day. I love the book the founder wrote, the community they developed and the results they are getting. I am not as keen to go back and trade Forex but they are impressive and I am looking at them for the short list.
    When I finish my homework, I will discuss who they are and why they made my short list.

    I hope I answered your questions. If you have more or suggestions on how I can improve ... please let me know.

    Cheers
    Garry
     
    #211     Sep 16, 2020
  2. Thanks for posting all of the links / resources. Best wishes to you!
     
    #212     Sep 18, 2020
  3. strike333

    strike333

    1. you mentioned they sometimes tweak trading rules, how do you actually know? indicator updates? by email saying you should trade sniper setup differently? new video course?

    2. do you find a time period that's more successful to trade sniper setup?

    3. do you think trading only sniper setup without any trailing is a good idea long term? only increase number of contract slowly as you profit and grind.

    4. do you use chart trader or static dom to enter sniper trade? they say static dom is a little bit faster to use, but cost extra 10 cents/trade to use.

    5. are you trading all the other setups like triple dipper, star & lsv & zobb?

    6. do you find more sniper trade in nq than es? do you start off trading 2 contract for nq and 1 contract for es? cause i think the risk amount for 1 contract es is around 2 contract for nq.
     
    #213     Sep 19, 2020