Before anyone reads this please note that this is not designed to downplay the APEX Trading System. This is a question from a student trying to learn and master the APEX System. The following questions or statements are not designed to dilute the effectiveness of this strategy. It’s proven to work for others!
Let us proceed…
Earlier tonight I just decided to do some market replay on the CL and I noticed that there were little to no APEX Entries. There was only one APEX entry Thursday. So this means if one was only trading the APEX this week (specifically the CL) you would have not had a single trade until Thursday. Please take a look at the charts below:
Monday & Tuesday
No APEX - TradeNumberz’s library
Wednesday & Thursday
No APEX 2 - TradeNumberz’s library
There was a slight APEX formation on Wed but it was stopped out.
One thing I noticed today as Darrell was speaking in the chat room is that APEX is a trend system. Now if one looks at the charts above there were obviously moves in the marketplace but only a few moves fit the parameters and entry rules for the APEX MVP.
There was a statement made on some other forums and webinars stating that the market only trends about 20% of the time and the rest of the time its spent in chop or range. Of course this statement is relative to day trading. But as I look at the APEX specifically on the CL that seems to be quite accurate for the WEEK.
But even though there were not a lot of APEX MVP’s there were definitely some momentum scalps this week for sure. But this post is specifically about the APEX. The conclusion that I am drawing from all this is one would have not traded at all until Thursday if all you were trading was the APEX MVP on the CL.
Now I understand why Darrell instructed us to learn 3 trade entries/systems so we can have something to trade different market conditions. In the end it may be a good thing because it preserves capital but on the flip side the last thing I want to do is watch paint dry. No why I know the true value of volume.:o
The main lesson I learned from this is that its a must that I learn the 3 systems that Darrell recommends we learn in the training. A few may say that “well only one trade is good because it keeps you from over trading”. But as I stated before I am here to trade. I am not here to watch snails race. If that’s the case I’d go watch the movie Turbo.
Hopefully things can pick up next week. Some say that the slow week is because of all the news and its also rollover week and a lot of big guys who move the market don’t trade a lot during rollover. But then again who knows!
Any and all comments both good and bad are welcomed here…