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Here is the next video I will be submitting to Apex.
This video does not have any cuts to give a true experience of the time I spend on analysis, identifying a possible opportunity, waiting for the setup, and finally taking the trade.
This is one of my standard strategies:
1. An up-trend breaks bearish.
2. I wait for short speculators to enter on the first pullback. The short speculators expect this to be the start of a move lower.
3. I wait for these early short speculators to be wrong.
4. I enter long just above them. They provide protection to the downside, and I take my profit at the trend line retest.
I have received a lot of questions about my indicator. This is what the 4 columns represent:
1. AB - First, Fast Large buyers (as described in this video)
2. AS - First, Fast, Large sellers
3. SS - Stop Sells (I will describe the importance of this and how it is used in a future video)
4. SB - Stop Buys
There is a lot of noise in the order flow. By filtering these events, I find it a lot easier to understand what is happening.
The stop data is reorganized to show absorption, which is useful to see how much demand there is for the involuntary liquidity. This gives a big clue as to where the market may be heading.
1. I notice your stop loss is 14t and profit target is 3t, which is a 0.2 Reward to Risk ration. Per Apex rules, the reward to risk ratio must be 0.25 and higher. Does Apex allow you to trade with RR less than 0.25?
It's easiest to show you. Attached is every trade I've taken so far this week. I don't usually trade this much, but volatility and price action have been amazing.
This is what the columns mean:
DCA = increases each time I add to a losing position. AIP = increases each time I add to a winning position. MAE = maximum number of ticks the trade goes against me. The perfect number is 1 as this guarantees a fill. (I always enter on a limit order). TC = profit of loss in ticks on this trade. Positive = profit, negative = loss.
Apex expect an average risk:reward of 4:1. My average winner is 11.78 ticks over a sample of the last 58 trades, so that allows for a stop of 47 ticks. I am well within that.
In this video from the 14m mark I explain why onlyscalping 3 ticks isn't sustainable.
This week I did not want to trade with Apex while they are still reviewing my videos. So the trades in the post above are with my own broker account. But I would trade Apex the same way.