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Webinar: FuturesTrader71 (FT71) on Volume Profile
Updated January 31, 2022
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Webinar: FuturesTrader71 (FT71) on Volume Profile
April 21st, 2012, 04:13 PM
siam, west coast andaman sea
Experience: Master
Platform: ninja
Trading: gc, cl, tf, 6e
Posts: 512 since Aug 2011
thx mike, excellent sum
Big Mike
Typical plan for the day. Brief example -- more details are in Webinar 4.1 on
FT71 's website. (Below is my assessment of what he describes)
Start by looking at trading calendar (news events etc)
Next look at Big Picture: FT71 uses a 405 minute day session only chart (1 bar = 1 RTH session)
Review the composite profile chart
Read the "story" the market is telling
When market is in balance: create a micro composite to show what prices were doing during the ranging/balance span of days - until the market breaks out of that range (no longer in balance)
(Why composite profiles? Want to see inside the bar, not just OHLC - at what prices did most of the trading take place?)
Determine "where did the market like prices, and where did it not?"
(Think from auction perspective: if iPhone were sold tomorrow at $50, how long will prices remain at $50? What is the fair price of an iPhone? (~$200). What happens if AT&T offered for $50, would you buy it? (Yes) What if the inventory @ $50 is limited, how much volume would happen (very limited - supply will be gone very quickly). That becomes an unfair price to the seller, so the seller will raise prices quickly. Prices will continue going up until the new price becomes unfair, and there are no new buyers.)
Mike
Can you help answer these questions
Best Threads (Most Thanked)
April 21st, 2012, 04:19 PM
siam, west coast andaman sea
Experience: Master
Platform: ninja
Trading: gc, cl, tf, 6e
Posts: 512 since Aug 2011
isn't it also true that...overnight sessions also tests or breaks the day sessions high or low....
Big Mike
Statistically the day session tests or breaks the
overnight high or low 96% of the time.
Mike
April 21st, 2012, 04:53 PM
Frankfurt, Germany
Experience: Advanced
Platform: TT, ProRealTime
Broker: Advantage
Trading: Futures
Posts: 145 since Nov 2010
Thanks Given: 93
Thanks Received: 84
Thank you FT71 for this excellent webinar and thank you Mike for making it possible!
April 21st, 2012, 05:12 PM
who cares
Legendary Market Wizard
Experience: None
Platform: nobody interested
Broker: none
Trading: forget about it
Posts: 6,937 since Feb 2012
Thanks Given: 6,196
Thanks Received: 15,599
Homework is most importantHFT came in?Information risk versusPrice risk Context - try to figure out the where the mariet goesscalper ? FT71 and BigMike for the very interesting webinar
April 22nd, 2012, 01:55 AM
Manta, Ecuador
Site Administrator
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,460 since Jun 2009
Thanks Given: 33,234
Thanks Received: 101,655
April 22nd, 2012, 02:10 AM
Up the Ladder, CA
Experience: Beginner
Platform: SC
Broker: Optimus & AMP
Trading: ES
Posts: 227 since Mar 2011
Thanks Given: 261
Thanks Received: 151
Big Mike
April 22nd, 2012, 03:20 PM
Manta, Ecuador
Site Administrator
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,460 since Jun 2009
Thanks Given: 33,234
Thanks Received: 101,655
For those who watched the entire webinar, what did you think?
April 22nd, 2012, 03:41 PM
Manta, Ecuador
Site Administrator
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,460 since Jun 2009
Thanks Given: 33,234
Thanks Received: 101,655
@Private Banker
April 22nd, 2012, 04:07 PM
La Jolla, CA
Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863
Big Mike
@
Private Banker , can I ask if you watched the webinar -- and if so, what did you think? I ask because I know you incorporate a lot of the same ideas.
Mike
April 22nd, 2012, 04:17 PM
Como Italy
Experience: Intermediate
Platform: Ninjatrader, customized
Trading: ES
Posts: 525 since Feb 2010
Thanks Given: 471
Thanks Received: 643
Big Mike
For those who watched the entire webinar, what did you think?
DOM next time?
Last Updated on January 31, 2022
