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Webinar: FuturesTrader71 (FT71) on Volume Profile
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Webinar: FuturesTrader71 (FT71) on Volume Profile

  #1 (permalink)
Site Administrator
Manta, Ecuador
 
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Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
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Webinar: FuturesTrader71 (FT71) on Volume Profile

Hi guys,

FuturesTrader71 (FT71) is back on Saturday, April 21st @ 2:00 PM Eastern US. I have asked FT71 to focus on his methodology (Volume Profile), and he will be doing a walk-through of a day and his "process".

The agenda:

- Trading on the hard right edge
- Planning out the day using Volume Profiling
- Stalking the areas to trade
- Executing and managing the trade according to plan
-- What do I look for?
-- What do I do once the trade is triggered?
-- When does a scratch make sense to me?
-- What is most important about execution?
- Common pitfalls of struggling traders

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

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  #2 (permalink)
Quick Summary
Quick Summary Post




Last edited by Big Mike; April 22nd, 2012 at 02:56 AM.
 
  #3 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,218 received


Registrations are now open.

Please register early, and attend the webinar early to ensure you can get in. I will open the webinar room 30 minutes early at 1:30 PM Eastern. If you come late, you may not be able to get in - we have a 500 seat capacity.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
 
  #4 (permalink)
Elite Member
NY, NY
 
Futures Experience: None
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Very cool - thanks for the opportunity!

"A Jedi's strength flows from the force."
-Yoda
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  #5 (permalink)
Membership Temporarily Revoked
siam, west coast andaman sea
 
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Posts: 512 since Aug 2011
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if you would as before send out reminder a couple of hours ahead, would be much help


Big Mike View Post
Registrations are now open.

Please register early, and attend the webinar early to ensure you can get in. I will open the webinar room 30 minutes early at 1:30 PM Eastern. If you come late, you may not be able to get in - we have a 500 seat capacity.

Mike

thx mike for the last reminder sent out before webinar which alerted me to attend.

hopefully you still have that same program that would send out alert email to remind those wishing to attend to get on the ball.

thx mike.

PROBLEM IS: i do have the setup in my trading chart but its application is very much lacking. wonder if ft71 would demonstrate the application side more this time around. much appreciate all the goodies.

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  #6 (permalink)
Go Bears!
Bay Area, CA - US
 
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While I have plans during this time, I will watch it later in the evening, if available already...

Not sure if FT71 plans to mention it, but for us "profile newbies", it would be helpful to hear briefly why Volume Profile, as opposed to Market Profile.

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  #7 (permalink)
Elite Member
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TonyB View Post
While I have plans during this time, I will watch it later in the evening, if available already...

Not sure if FT71 plans to mention it, but for us "profile newbies", it would be helpful to hear briefly why Volume Profile, as opposed to Market Profile.

While I'll happily let FT71 state his specific reasons, here are a couple of the things he's mentioned before:
  1. volume is a truer example of market generated information. With traditional MP, a single 1-lot may have traded at a given price or 100k contracts and as long as it happened within the same 30-minute bracket it's going to get that one TPO letter.
  2. Besides market specific RTH times, synthetic time-frames (i.e. 5-min, 30-min, etc.) are less representative of dynamic markets.

FT71's market lens contains minimal mechanical/calculated elements. If you've seen any of his charts you may have noticed Value Areas aren't prominently displayed if present at all. His research has indicated VA's are only useful on very specific days, so he only uses them on those day types.

Again, I am confident he can provide a much more lucid response, but I wanted to share what I could in an effort to scratch the surface of your question.

For what it's worth, Steidlmayer shifted over to volume profiling several years ago and recently did a presentation on his current project.

Hope that helps

Luck is what happens when preparation meets opportunity. ~ Seneca
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  #8 (permalink)
Go Bears!
Bay Area, CA - US
 
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Thanks: 227 given, 134 received

omni72, I really appreciate the thoughtful reply. It's feedback such as this that makes this forum so worthwhile...

I actually saw your post late last night and watched that CME video you provided with Steidlmayer. Watched until 3 am. Wife wasn't so happy about that though...

Really looking forward to the webinar.

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  #9 (permalink)
Membership Revoked
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omni72 View Post
For what it's worth, Steidlmayer shifted over to volume profiling several years ago and recently did a presentation on his current project.

Hope that helps

I just wanted to clarify that Volume Strips is very different to VP. In the presentation he clearly rejects the underlying principles of both MP and VP. His new approach is more related to emergence than the the old static approach.

The value of MP was never the profile, as it faultily assumes a Gaussian distribution, but rather some less apparent market characteristics.

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  #10 (permalink)
Elite Member
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@Lornz, do you have a link for more information on the volume strips?

As I understood Steidlmayer's CME video, volume strips differ from VP in that they are exclusively intraday, and can be 'reset' by the trader when desired. So it seemed to me to be a subset of, or change in emphasis within VP, rather than something radically new. But the CME video is all I know of it.

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