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

DAY 13 + 14 – Apex Sniper Trading Bootcamp – Testing and Focus …

Time to test my skills and focus to improve.

Actions I took:

  • Market Replay Testing to observe where I need to improve my skills
  • Daily Practice of identifying the trades for the day
Market Replay Testing

The purpose of the Market Replay testing is to identify if I currently have the skills to trade profitably at the speed of the market.

The results identified one main area that I need improvement:

  • The main skill is identifying a certain type of chop. I will create an indicator to flag the chop and that should help a lot
Sunday + Monday Potential Trades

I identified 11 valid trades of which 10 were winners.

Of the three types of trades (Enhanced, Trend, and Divergence), Five trades were Divergence trades.

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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 will code it in NT7.

With regard to the time ... It varies as this is only 1 project.

It takes about 30 min - 60 mins to properly review the daily chart bar by bar.

Videos I usually watch at 1.5 x speed and then slow or stop to take notes.

Plus chart time + backtesting etc

I am spending as much time as I can so I can achieve my goals as I have put a tight timeline on them.

Cheers
Garry
 
DAY 15 – Apex Sniper Trading Bootcamp – Daily Review …

ES had a good day and NQ starting to deliver good signals!

Actions I took:
  • Good learning in the live trading room at US Open
  • Created and tested chop indicator – still some mods to do
  • Reviewed the potential trades for Tuesday
Live Trade Room and Commentary

Darrell was late to the room and Lori shared her experience with the room.

Tuesday Potential Trades

The ES had some slow periods bit still would be a profitable day..

The following is the legend for the trades sheet:

Legend.png

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I will report back tomorrow on my progress and any lessons I learn

Disclaimer

I am not affiliated with any of these companies.
 
Curious to know if there is an alert system to know of potential upcoming trade signals to enter, so you aren't having to sit there stare at a screen all day.
 
Hi Ouch1963,

They do have semi-automated software and also the indicators have alerts.

The semi-automated is an extra cost and is relatively new. It started out basic and they are adding to it.

You don't have to sit in front of the screen all day. I am following all the trades for the day so I can isolate the minimum effective time that I can trade using this system for the best results. On most days, 60 - 90 minutes per day should be enough time to achieve a good income.

Cheers
Garry
 
DAY 16- Apex Sniper Trading Bootcamp – Daily Review …

ES had another good day!

Actions I took:

  • Good learning in the live trading room at US Open
  • Reviewed the potential trades for Wednesday
  • Continued using Market Replay to improve my live market decision making for the live market
Live Trade Room and Commentary

The US open started slow but some good trades could be made. Avoiding News was critical.

Wednesday Potential Trades

The ES could have been a profitable day as long as you followed the rules.

The following is the legend for the trades sheet:

Legend.png

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I will report back tomorrow on my progress and any lessons I learn

Disclaimer

I am not affiliated with any of these companies.
 
DAY 17- Apex Sniper Trading Bootcamp – Daily Review …

Not the best day for ES!

Actions I took:

  • Good learning in the live trading room at US Open – Lori shared some great lessons
  • Continued using Market Replay to improve my live market decision making for the live market
  • Reviewed the potential trades for Thursday
Live Trade Room and Commentary

ES gave a lot of opportunities to lose money.

NQ is trading well during the US trading session. Some people are starting to trade more NQ then ES. I will continue with ES and from Monday, I will start recording the Potential Trades for NQ as well as ES.

Market Replay Lessons

Have your trading plan in front of you when you trade. This may sound common sense but I see a lot of people who are taking trades that are not valid trades. Just because it wins doesn’t mean it was a valid trade and can create bad habits.

After, listening in the live trade room it is easy to want to take other trades that I have not tested and fully trust.

This was a problem for me today when I started my Market Replay! I stopped and clarified the trade setups I was using and took ownership of that. After that, it was easier to focus on my trading and I stopped making silly mistakes if, in doubt, I referred to my setup notes for confirmation.

Thursday ES Potential Trades

This is one of the lowest ES profitable trade day lists that I have tracked.

The following is the legend for the trades sheet:

Legend.png

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I will report back tomorrow on my progress and any lessons I learn

Disclaimer

I am not affiliated with any of these companies.
 
DAY 18- Apex Sniper Trading Bootcamp – Daily Review …

An interesting day for ES and NQ still giving good signals.

Actions I took:

  • Listened to the trading room for the first 90 mins of the US Open
  • Continued using Market Replay to improve my live market decision making for the live market
  • Reviewed the potential trades for Friday
Live Trade Room and Commentary

I believe the live trading room with commentary and calling trades good for some people but distracting for others. Some of the knowledge shared in the room is very useful and would help me to learn quicker.

I fall into the bracket of being distracted and I don’t want trades called for me. So the question is, how do I get the knowledge that is shared in the room?

I have tried recording the session and because the talking is not continuous can be over 2 or more hours, it isn’t practical to review it every day.

So I believe the best way is if I record it and then convert it to text. I could skim the text in 10 mins and see what is useful and what is not. There are some free and paid programs. The paid ones can work out expensive so I am looking for one that is free or low price to achieve this. So far I have not found a program that does a good job.

If anyone can suggest a program that will convert either audio or video/audio to text, I would appreciate it.

Market Replay Lessons

Again, the Market Reply reinforced some items I need to focus on.

Friday ES Potential Trades

Two losses in a row!!

Remember, the tracking sheet is of all trades that I identified for the day. The plan is to have 3 Profitable Net Trades or 3 Losing Net Trades then quit for the day.

I also showed my tracking of MFE (Maximum Favorable Excursion) for each trade. This is an important statistic that I use to allow me to make an informed decision to vary my profit target.

In simple terms, MFE is how far the trade moves in a profitable direction.

You will also notice a comment “stopped must have been placed in the correct place”. In this trade, the long entry bar was sitting on a paw (line) that was 1 tick below the low of the bar. The normal stop would be placed 1 tick below the setup bar. Unless the order print (in this case the paw) was below the low. Then you would place the stop 1 tick below the paw (correct placement).

In the case price came back to the paw and if you had your stop in the correct place (1 tick below the paw) you would not have been taken out.

The following is the legend for the trades sheet:

Legend.png

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I will report back tomorrow on my progress and any lessons I learn

Disclaimer

I am not affiliated with any of these companies.
 
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