Hi Everyone, I have had computer and internet issues for the last week so I haven't posted. Today is Day 1 in putting the Apex Investing to the test. I have 90 days to reach profitability so I have to get moving. DAY 1 – Walkthrough the Apex Sniper Trading Bootcamp … I was pleasantly surprised that no credit card was required for the sign up to the free first month. Day 1: I will walk through everything so I can see what I have to do and I can get organized. So what do I get for the free first month? Surprisingly a lot! All of the Sniper Bootcamp training and recommended fast track path Access to the live trading room, forum, Facebook page, private Facebook group, and help desk Access to all weekly webinars Access to all Sniper Ninjatrader 7 indicators, tools and help to install if required You have responsibilities as well: Watch all the videos in order Only learn Setup 2 and leave the rest until you have mastered it Post your charts in the room and ask questions, questions and more questions Focus on one market The daily goal is to have 3 net positive trades then stop Record all your trades with a marked-up chart to the spreadsheet which is provided Practice Be in the trading room from 930 am EST to 11 am if you can Attend the weekly webinars if you can, otherwise watch the recording and do any homework Participate Everything can be accessed from the login page. The Bootcamp page appears to cover everything that is needed. Topics include: New fast start and welcome which includes video, checklist, and links to setting up Ninjatrader Account Funding videos Weekly webinar information and sign up First Basic Trade Setup training Setup 2 Cheat sheets and Summary files Access to the trading room – and tools for capturing the charts Access to the forum, Facebook group page, and competitions (They regularly run competitions where you can win membership prizes and even a lifetime membership) Setting up NT, placing trades, etc ( if you have a problem setting it up then they will help) How to install the Apex Tool Kit which gives you access to all the data and indicators How to set up the charts, levels, and templates Setting up ATM, take profit and placing orders Tutorials on how to master Ninjatrader What’s next section Basics on sniper charts Next Trading setup which is a slight variation of Setup 2 Link to more information on the Semi-Automation (not included in the trial) What to buy if you need a trading computer Trading Psychology videos How to master the first setups Market review videos – Bar by bar playback and education How to do Market Replays with NT7 Trader Tax tips At this point, it is suggested that the rest of the setups are not looked at until you master the first Setup 2. The rest of the setups are available to view anyway. A section on the Basics of futures and money management After skimming through all these sections I was very impressed with the information available. The page just didn’t flow as I would like. Some sections are definitely not in the right sequence. This shouldn’t make any difference as I will just follow each and if I don’t need that section at present I will mark it to come back to it. An example would be the account funding is section 2 but that will not be required until later. I listened to this week’s webinar and they have started a series on how to get the most out of the trial and they suggested that some of the sections can be left until later. They are running three webinars this week. So what is next? I will start going through the videos and take the actions to get started I will report back tomorrow on my progress and any lessons I learn Disclaimer I am not affiliated with any of these companies.
You can be profitable for 90 days. Incomes > Outcomes. But profitability is not a 90 days game. It’s a life long venture. You know it. You could blow up on the 91th day, and sailed this journal very well. Wish you a great start. Actually ... I wish you the worst. Better learn fast, quick and early. The sea looks just about right for it. Enjoy !
DAY 2 – Apex Sniper Trading Bootcamp Lessons… It has been time to put the work in setting up, watching videos and taking notes. Actions I took: Watched introductory and setup videos Setup my NT7 with the Apex Toolkit and templates Watched the Chart Overview videos to understand the differences with Apex Logged into the trading room and watched the two facilitators call trades and educate for 2 hours from the US market open Commence studying the first setup Apex Toolkit: Once you have NT7 installed then you are required to download and install the Apex Toolkit. This easy and if you have problems then the help desk will help. I had a problem with installing on one of my computers and was helped within an hour of my request. It was a windows problem. This toolkit gives you access to all the Sniper indicators and templates. It is regularly updated and is essential for trading the systems. I also downloaded some OP Data (order print historical data). Normally you don’t need to do this as the OP Data is developed as the market data moves. It is important to know that if your computer or trading platform is not connected to the data server then you will miss out on OP Data. This is easily solved by asking someone in the room to send the missing data to you. Then simply copy it to your computer and restart NT7. All instructions are on the Bootcamp page. So why do we need OP Data? First I will show you a Sniper Chart: This is a simple Sniper Chart and initially, I didn’t understand the lines and the boxes. In the videos, they show the motor behind these charts So, as you can see the visible charts that are used in the Sniper Bootcamp are based on the Order Flow charts and using algorithms to simplify it for the user. The OP Data is the data that is generated and used on the trading chart. The Benefit of this approach is that It simplifies the setups to make it easier to identify. Video Training Most of the videos use NQ as the trading instrument. Due to the increase in volatility, they have moved their focus to ES. The setups work on most markets. To learn the strategy they prefer that students learn on one market initially. Trading Room Experience The room was an interesting experience where trades were called and some education was shared. At this time I don’t think I will spend much time in the Market Open period as it can become confusing when the information shared is more advanced than a beginner. I can see it is very helpful but not just yet. I also noticed that Darrell, the founder of Apex, was trading, calling trades and sharing his knowledge in the room in the US evening time. The room is open 24 x 7 days and people are commenting and/or asking questions on and off during that time. So what is next? I will focus on the first setup and being able to identify it. I will report back tomorrow on my progress and any lessons I learn Disclaimer I am not affiliated with any of these companies.
Hi Ouch1963, I have talked to a few companies that don't like NT8 and have said they will not change. The other side is as you say legacy. Cheers Garry
DAY 3 – Apex Sniper Trading Bootcamp Lessons and Setup 2 … Today, I will share more on the chart setup and the first trade setup Actions I took: Watched more videos Explored the daily process of chart setup Continued to learn about the first setup and what it looked like on the chart Pre-trading Chart Setup: Before trading each day starting to trade I go to the 10, 60 and 240 minute charts and share the levels from these charts with my trading chart. It takes less than 5 minutes to do this. Instruments Traded and charts Up until the high volatility the sniper bootcamp was designed for the NQ and MNQ. Trade setups could be found on either chart and traded on the other. (Micro <>Mini). With the increase in volatility the ES and MES became the choice of instrument. Sniper Charts use an inhouse designed bar, similar to a renko bar but apparently more accurate to increase the accuracy of the algorithms for the Order Prints. Bar size for NQ is 10 ticks and ES is 8 Ticks. Experienced traders, trade the setups on all the usual instruments. The Sniper Bootcamp The basic philosophy of the Bootcamp is to give you the information, tools and support to help you to be profitable trading 1 contract for 3 months then increasing the contracts after you have been profitable and consistent. They want the students to have 3 net profitable trades and then stop. They recommend that you start trading only in one market and one setup (Setup #2). They say that Setup #2 is over 85% of the trades they take. They do give you access to all the other setups. Trade Setup #2 Trade Setup # 2 is actually 5 setups based on a basic setup. Multi-directional Trend Range Divergence Continuation (New) The idea is to start with the first and master it then move to the next. The basic setup revolves around a Reversal Bar, Exhaustion and Trapped Orders in the market. This is displayed on the chart so it is easy to see. The Exhaustion is a Box on the bar and the Trapped Orders are a blue solid box. And they must appear on a Reversal Bar. See below to see what I mean: This is the easy part. There are some rules with each setup and I will explain the first one, tomorrow. From what I can see so far, the hardest part is knowing when Not to enter a trade. I will report back tomorrow on my progress and any lessons I learn Disclaimer I am not affiliated with any of these companies.