KahunaDog 

Big MIKE can you post any books or related recommendations in the beginning section?

Is this to Big Mike or to me? Not sure how to do that.

amoeba 

HI FT71, do you approach Volume Profiling differently for thinner/thicker markets, like CL vs ES, Thanks amoeba

The biggest difference in thinner markets (CL, GC, FDAX, TF, etc) is that the liquidity is low and so it runs through levels a lot. I simply account for that. It doesn't affect me much (except that I have to be faster in thinner markets) because I don't just put orders out there to get filled. I stalk and take the turn when I can.

Joshua1984 

Q: How does 1 contract trading differ from multiple contract trading in terms of difficulty?

It does make a big difference. I can tell you that I'm a terrible 1-lot trader. That is a fact. Trading multiple contracts creates more opportunities to manage risk or to campaign when a trade is running, etc. The issue with it is that futures are leveraged and most folks aren't capitalized well enough to run more than 1 contract comfortably (under reason to push for a Micro-ES product to compete with SPY but give u the advantages of futures trading).

stockpapa 

What is a failure pattern? Example?

There are many basic failure patterns. A typical head and shoulder or M-pattern are failure patterns. I simply read them in the short term rather than on 60 min or daily charts.

mattguin 

Thanks very much for the webinar. Why renko bars rather then e.g. volume bars?

I flip back and forth between volume and Renko. I use volume bars instead of time bars because I want to see that the market is not moving if there is no volume in it. I don't get the next back "just 'cause". I use Renko more now because it gives me what I think is a cleaner read on the turns. Renko is only used for trigger charts. I use Renko candles with wicks.

canali1 

How do you use Fi ext.

Fib extensions are mainly used when I have no volume profile data. They just provide measured move extensions and confluence in new territory.

Hi FT71 and thank you.


That is what I thought.
How can I send you a private message ??

I am testing Stage 5 and IRT with Datafeeed from Market Delta (is that IQ feed).
Very nice with the MAE MFE to see how I am doing.
Is there a place where is is shown how to export/import in Excel and look at the different outcomes.

brattebakken

brattebakken 

How can I send you a private message ??

Click his username to left of his post, then click send private message.

Mike

Big Mike 

Click his username to left of his post, then click send private message. Mike

thx Mike

brattebakken

FuturesTrader71 

Is this to Big Mike or to me? Not sure how to do that.

This was an inquiry to you or BigMike on books you (ft71) recommend. On any trading related topic. Thank you for the AMA.

And specifically to Big Mike if he could consolidate your recommendations at the beginning of thread in the summary.