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The following user says Thank You to Big Mike for this post:
One question i would have liked to ask to FT is why most Market Profile's aficionados use the ES as their instrument of choice ? Is it because the market profile tool is more suited for instruments that have inherently mean-reverting tendencies? We rarely see a demonstration of market profile on instruments like the CL or 6E. Why? is it because market profile is less effective on such instruments? If there is more money to be made with instruments that move then why focusing so much on the ES?
The following 2 users say Thank You to trendisyourfriend for this post:
Been following FT for quite a while now, and he uses the Volume Profile on many other instruments (including stocks). The reason he's mostly talking about the ES is simply because that's what the majority of his followers trade...
You can see some of his charts here: My Charts | FuturesTrader71
The following 4 users say Thank You to YuvalW for this post:
One more thing for those who are interested, you can search "FT71" in ChartHub.com and find charts (some with definition for MarketDelta / IRT) of various instruments.
I think this link is the search: Chart search | ChartHub.com
The following user says Thank You to YuvalW for this post:
Thanks Mike and FT, It was a good webinar but I would have liked to hear stuff about trading the opening range and other things of that nature, like what he does around HVNs, etc.... hopefully he will do another webinar and maybe discuss some of that.
Last edited by kbit; February 4th, 2012 at 06:08 PM.
Reason: corrected my bad spelling
The following user says Thank You to kbit for this post:
On Saturday Feb. 4, 2012 I attended a webinar presented by Future trader 71 the most astounding statistics revealed to me was every trade has a 50% chance of win and the same for a loss the more bewildering statistical probabilities was, the following example
if you pack a room with 199 females and one male and you have to predict who will come out first from this room the probability that a male will come out first are 50%
This fly in the face of all the statistics that I was fed by other Gurus,
My question is: do you think it is true? (I don't)
I don't agree with him either ...maybe for his trades but not mine.
Aside from that I want to know in that equation what a win is defined as...is it a constant(no) ....is it 1 tick ...is it 50 ticks. What is a loss...wouldn't that have to be a constant in this equation too ?
If it's variable things get really messy.