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  • #35,261
  • Apr 21, 2024 11:39am Apr 21, 2024 11:39am
Quoting CableJ
{quote} A youtube streamer & Apex affiliate "Alpine trader" has pulled out >200K in last 10 months from Apex with a strategy that is clearly prohibited in Apex's TOS.... is it a coincidence that his habitual rule breaking has gone completely unnoticed to the level of >200K in payouts? I highly doubt it.
the prop pay for the streamer, not a general trading winner. its a marketing fee for them in this case.
if its a winner without many people recognize him, its just a cost without value (and they are more interested in avoiding).

so for streamers can be paid with amounts or actions that are not possible for others because of this marketing effect.

so be a streamer helps more then be a good trader. but for most you need be both. it is little different game against only be good trader in private account.

maybe best solution is: as a trader find a streamer to work together if prop is necessary for your success.
  • #35,262
  • Apr 21, 2024 12:06pm Apr 21, 2024 12:06pm
Quoting Cryptosurf
I briefly watched his latest video from trading NQ on Friday. Unless I’m missing something, he’s basically trading the opening range which is not uncommon strategy.
-I have seen a few of his videos. Most of the trading that I have seen is very short-term micro-scalping, with positions usually open for less than a second. TP is usually anywhere from 7 to 15 ticks with no SL. Painful to watch, but not prohibited by Apex as far as I am aware.
  • #35,263
  • Apr 21, 2024 12:30pm Apr 21, 2024 12:30pm
Quoting Nsak3y
{quote}-I have seen a few of his videos. Most of the trading that I have seen is very short-term micro-scalping, with positions usually open for less than a second. TP is usually anywhere from 7 to 15 ticks with no SL. Painful to watch, but not prohibited by Apex as far as I am aware.
Unlike FX CFD’s, small range tick scalping has been norm for futures. Especially before they introduced micro’s a few years back.

The opening range trade is and old strategy. It’s not uncommon for price to bounce around for a while before breaking out. Some days it may stay within a small range till close.
Trade with confidence, trade without fear.
  • #35,264
  • Apr 21, 2024 12:45pm Apr 21, 2024 12:45pm
Quoting Cryptosurf
Unlike FX CFD’s, small range tick scalping has been norm for futures. Especially before they introduced micro’s a few years back. The opening range trade is and old strategy. It’s not uncommon for price to bounce around for a while before breaking out. Some days it may stay within a small range till close.
-I understand, but trading that way without a stop-loss seems very questionable to me.

I have been watching several traders on Youtube lately, to see how they are doing with Apex, and I cannot believe how some of them are trading. Most of them seem to have no real clue about where the market is heading, and are just hoping to get lucky.
  • #35,265
  • Apr 21, 2024 1:24pm Apr 21, 2024 1:24pm
Quoting Nsak3y
{quote}-I have seen a few of his videos. Most of the trading that I have seen is very short-term micro-scalping, with positions usually open for less than a second. TP is usually anywhere from 7 to 15 ticks with no SL. Painful to watch, but not prohibited by Apex as far as I am aware.
this sounds extrem like latency arbitrage. but can be other methods too without more information's.
  • #35,266
  • Apr 21, 2024 1:29pm Apr 21, 2024 1:29pm
Quoting Cryptosurf
{quote} What's the prohibited strategy he's using?
Well it is consistent NOT wind fall type strategy. If you look all his profits it is almost 200-300$ per day per account. Also he is replicating on his one of the live accounts. So it is not prohibited. It is not one time buy stop sell stop during news.
  • #35,267
  • Apr 21, 2024 1:57pm Apr 21, 2024 1:57pm
Quoting Trader191
{quote} this sounds extrem like latency arbitrage. but can be other methods too without more information's.
Its not latency arbitrage
A snails pace wins the race :-)
  • #35,268
  • Apr 21, 2024 2:02pm Apr 21, 2024 2:02pm
Quoting JustPipMe
{quote} Its not latency arbitrage
Agreed, shows how little he knows.
Trade with confidence, trade without fear.
  • #35,269
  • Apr 21, 2024 2:16pm Apr 21, 2024 2:16pm
Quoting Cryptosurf
{quote} Agreed, shows how little he knows.
Although tough on the index finger, it’s successful (if you believe YouTube) for that trader. So it appears, anyway
A snails pace wins the race :-)
  • #35,270
  • Apr 21, 2024 3:45pm Apr 21, 2024 3:45pm
Quoting Cryptosurf
{quote} Agreed, shows how little he knows.
you dont know a lot about trading, you show so often.
you write mistakes and then get crazy when get catched.

i answered to this text: "Most of the trading that I have seen is very short-term micro-scalping, with positions usually open for less than a second. TP is usually anywhere from 7 to 15 ticks with no SL. ".
you must really play an beginner in trading if you dont know this text sounds like latency arbitrage. and i even wrote without more information dont know for sure (to not get such unexperienced answers likes your, but even this level could not block you from write your hate! (to often same with you, i dont know whats wrong with you and your trading!)

learn reading carefully, or you do mistakes over mistake again and again. and then stand there like a fool again and again!
  • #35,271
  • Apr 21, 2024 4:58pm Apr 21, 2024 4:58pm
Quoting Trader191
you dont know a lot about trading, you show so often. you write mistakes and then get crazy when get catched.
-I suspect that they are responding based on what can be surmised from his trading videos, in lieu of making assumptions based on what I write here.
  • #35,272
  • Edited 6:10pm Apr 21, 2024 5:37pm | Edited 6:10pm
Quoting Trader191
{quote} you dont know a lot about trading, you show so often. you write mistakes and then get crazy when get catched. i answered to this text: "Most of the trading that I have seen is very short-term micro-scalping, with positions usually open for less than a second. TP is usually anywhere from 7 to 15 ticks with no SL. ". you must really play an beginner in trading if you dont know this text sounds like latency arbitrage. and i even wrote without more information dont know for sure (to not get such unexperienced answers likes your, but even this...
So you admit you pulled that idea out of your ass without really thinking about.

You're making the assumption that one can manually latency arb the Rithmic feed shortly after the open, on one of the most liquid of instruments. And then not only do it once, but repeatedly to reach multiple payouts with APEX.

If you think that's plausible then you really don't know what you're talking about.
Trade with confidence, trade without fear.
  • #35,273
  • Apr 21, 2024 8:33pm Apr 21, 2024 8:33pm
Quoting Nsak3y
{quote}-I have been watching several traders on Youtube lately, to see how they are doing with Apex, and I cannot believe how some of them are trading. Most of them seem to have no real clue about where the market is heading, and are just hoping to get lucky.
Pretty much describes 95% of retail traders, IMHO
  • #35,274
  • Apr 21, 2024 8:35pm Apr 21, 2024 8:35pm
Quoting TheDoug
{quote} Pretty much describes 95% of retail traders, IMHO
And then the ones that DO get lucky, make a video of the lucky trade, say they're making 100% winning trades, and get people to subscribe to their Inner Circle Trading Academy Signals (tm)
  • #35,275
  • Edited 10:19pm Apr 21, 2024 9:36pm | Edited 10:19pm
Quoting TheDoug
Pretty much describes 95% of retail traders, IMHO
-Learning how to properly discern market direction will only benefit traders. It seems that many traders rely too heavily on hope-based strategies (hoping that price will retrace briefly; hoping that price will bounce off of a support line; hoping that price will break through a resistance area etc.).

If I could say something about that, it would be for traders to use multiple, higher time-frames to gauge market direction, then use the lower time-frames for entry points. Let the market show you where it wants to go; do not try to impose your will onto the market or rely on hope etc..

How to gauge market direction? Pick your poison. Moving average, RSI, MACD etc.. You could easily develop an entire strategy using only RSI divergence, under the right circumstances. Do not feel that you must use the default parameters, either. I use period 3 RSI across all time-frames and the way that I utilize MACD doesn't even make sense.

Find a market that responds well to indicators. NAS respects indicators very well, especially during specific time-blocks. Figure out which time-block you are most comfortable with and become intimate with how it moves. Do not trade outside of that time-block (unless/until you are ready to do so; or never at all, if you can get away with it).

How to see time-blocks? Study the market. You will see that the market moves differently at different times. As different money moves the market, it will take on a new personality. One dead giveaway for a time-block change, is when you see sudden volatility spikes (or volatility reduction). It may not apply to all time-blocks, all of the time, but it can help when trying to determine when each block starts. Once you are confident that you have identified a shift change, then use an indicator to highlight that entire block.

Some time-blocks might give more favor to channels, trend lines, support & resistance etc., while others will see indicators heavily dominating (or a combination). Different time-blocks might give more favor or respect to different time-frames as well. This is a key point to understand.

This is all very basic stuff, but took me years of trading to realize. If I had to guess, I would bet that many traders often feel frustrated and begin to doubt themselves when their strategy works sometimes, but then does not work other times, without even realizing why. So they begin strategy-jumping or trying to force their strategy to work at all times by putting more and more rules and restrictions on it etc..

If you narrow your focus on a single instrument, then even further on a specific session, then even further on a specific time-block within that session, then even further on a specific strategy within that time-block etc., you allow yourself to become laser-focused and deeply familiar, which could give you the edge that you need.

If you are a long-term/swing trader, then this probably doesn't apply to you. Hopefully, you already know how to determine where the market is going.

Experienced traders will know what I am saying here and will understand the value of it. Newbie traders, I can only hope will listen and be willing to apply these ideas to their own trading in some way.
  • #35,276
  • Apr 21, 2024 10:57pm Apr 21, 2024 10:57pm
Alright guys yolo'ed my way through the fundingtraders margin call and lost the account. Which honestly i have no regrets. Already pulled 4.5k net out of then coz i only purchased 2 x200k out of which they paid back 500$ on each account when they reduced to 100k. So 5.5k payout - 1000$ = Net 4.5k profit in a month time from challenge to payout.

Now i only have ftmo in forex. SO completely transitioning to futures now coz i am loving the scalping, gains and MOST OF ALL CHEAPER CHALLENGE FEES.

So I am officially done with forex challenges and not a single dime will spend on forex from now onwards.

GOing to a get some free accounts from propfirmmatch which i'll play around with (meaning yolo'ing).

Currently have myFundedfutures challenge going on once done will move to topstep.
Extreme gut feeling trader
  • #35,277
  • Apr 21, 2024 11:26pm Apr 21, 2024 11:26pm
Quoting montygoldy
So I am officially done with forex challenges and not a single dime will spend on forex from now onwards.
Sounds like a good plan. You can bank piles of cash with APEX and let the forex industry go through some more growing pains. Keep us posted and keep crushing it!
Pride always comes before destruction.... -Proverbs 16:18
  • #35,278
  • Apr 21, 2024 11:55pm Apr 21, 2024 11:55pm
The day you've all been waiting for!

The Funded Muppet's relaunch.

Pretending to be altruistic, The Funded Muppets are revolutionizing the industry by making traders throw up one pathetic email at a time.
Attached Image (click to enlarge)
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Pride always comes before destruction.... -Proverbs 16:18
  • #35,279
  • Apr 22, 2024 12:26am Apr 22, 2024 12:26am
Quoting Expo33
{quote} Sounds like a good plan. You can bank piles of cash with APEX and let the forex industry go through some more growing pains. Keep us posted and keep crushing it!
absolutely last few weeks were pure frustration for me one thing after another. Yep apex 30k already applied on friday waiting for it to be approved.
Now i have minimal drawdown so i'll be yolo'ing them as well. Coz i have already passed 20 more which are dormant right now. Still have 20 more days till they charge me with a renewal.
Extreme gut feeling trader
  • #35,280
  • Apr 22, 2024 12:40am Apr 22, 2024 12:40am
Quoting montygoldy
Alright guys yolo'ed my way through the fundingtraders margin call and lost the account. Which honestly i have no regrets. Already pulled 4.5k net out of then coz i only purchased 2 x200k out of which they paid back 500$ on each account when they reduced to 100k. So 5.5k payout - 1000$ = Net 4.5k profit in a month time from challenge to payout. Now i only have ftmo in forex. SO completely transitioning to futures now coz i am loving the scalping, gains and MOST OF ALL CHEAPER CHALLENGE FEES. So I am officially done with forex challenges and not...
I undertand you decision but I still think that you are leaving a lot of money in the table giving up forex props.
You got very bad experiences but we must to look at it objectively and realize that you were not very lucky in the ones you picked.
There's several ut there where you still could extract 20 or 30K with your trading style.
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