Tip There will be a Live AMA session on Tuesday, May 13th @ 12:00 PM ET. - Quick and casual, 30 minute cap - No prepared presentation - Live screen sharing - Floor will be opened immediately to questions - Recording uploaded to AMA thread afterwards - Attend live to get your questions answered The link for the event is: https://www3.gotomeeting.com/register/951444062

Mike

AMA room open.

Mike

AMA recording:

Thanks to FT71 as always for his time. If you did not get your questions answered you can post them here and FT will do his best to answer.

Mike

hi FT
you mentioned you scalp around your entries in a recent webinar and I assume you use first in first out (FIFO) setting. Is there a place in your strategy to use last in first out (LIFO) or some combination in your trading?

Morad is presenting a fantastic webinar tomorrow on the Impact and Performance of Professional Trading Environments.

June 3rd, at 4:30 pm eastern US. You can find more info here:

Webinar: FuturesTrader71 (FT71) - Impact and Performance of a Pro Trading Environment Hi guys, It is my pleasure to welcome back Morad Askar (@FuturesTrader71) for a webinar on Tuesday, June 3rd @ 4:30 PM Eastern US. Bullet points for the webinar include: Why care about your trading environment? A traders perception of the …

Mike

Big Mike,
Thank you for the work you do in making a great website and getting great speakers. And thank you for your continued generosity in doing things like giving away books.
Gregg

@FuturesTrader71

What is OTF?

Answered my own question from your website glossary:

OTF - Other Time Frame [Buyer or Seller]

This describes all participants with a time frame that is greater than the one you are in. Major trending or vertical moves are completed by larger participants who are using a greater time frame than the one you are looking at. When the OTF participates, it generally takes many prices and a lot of volume transacted to complete an order. Funds, swing investors, governments and financial institutions in general are operating at the OTF level. They are recognized when we move from “horizontal development” to “vertical development”. They are also recognized using the opening swing, initial balance and other indications.

Hi guys,

I watched your video and found it very interesting. Thank you all for your time doing that. I saw an idicator that was interesting. What is the name of this one attached? I hadn't seen it before. Hoping thats something I can put together on my Ninjatrader charts. I'd like to observe it for a while.

Cheers!

Broman 

Hi guys, I watched your video and found it very interesting. Thank you all for your time doing that. I saw an idicator that was interesting. What is the name of this one attached? I hadn't seen it before. Hoping thats something I can put together on my Ninjatrader charts. I'd like to observe it for a while. Cheers!

This is the Volume Breakdown Indicator on IRT. It is the volume delta in the form of green and red candlesticks. The grey bars are volume delta momentum bars. If you don't know what IRT is, let me know.

contrails 

hi FT you mentioned you scalp around your entries in a recent webinar and I assume you use first in first out (FIFO) setting. Is there a place in your strategy to use last in first out (LIFO) or some combination in your trading?

Hi Contrails,

I don't think of it as FIFO or LIFO. I'm using the S5 Trade Analyzer to manage my theoretical average. I don't care which contracts go in or out first. I just need to know where my true "scratch" price is on this trade as I trade around the position.

Hope that helps.