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Webinar: FuturesTrader71 (FT71) Morad Askar on Getting Started Scalping


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Webinar: FuturesTrader71 (FT71) Morad Askar on Getting Started Scalping

  #61 (permalink)
 steelchueh 
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Big Mike View Post


Mike

If I am a leasing member,, do I have to trade over 2000 per month?
If I trade 20 a day, 400 a month,, then 325/400 + 0.93 = 1.7425 per round.. ,, might lower current fee up to 50%.
Is the above right?
Thanks

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  #62 (permalink)
 
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 Big Mike 
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steelchueh View Post
If I am a leasing member,, do I have to trade over 2000 per month?
If I trade 20 a day, 400 a month,, then 325/400 + 0.93 = 1.7425 per round.. ,, might lower current fee up to 50%.
Is the above right?
Thanks

@Stage5 Anthony can help you do the math, you can post the question in his AMA thread:



Mike

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  #63 (permalink)
 
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 Zxeses 
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Big Mike View Post
For future webinars, what do you guys want more? A formal presentation or another live market scalping demonstration, with the caveat of it being market replay due to the webinar time of day and compressed time nature?

Mike

More market demos, even if replay. Need to learn how to tell when a market is about to pullback on a retrace, vs a 1 bar stall.

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  #64 (permalink)
 tulanch 
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Wondering FT71 thoughts on ASK and BID size changes as indication of a potential move given the proper market context

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  #65 (permalink)
TurismoTek
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Great stuff,

Thanks Mike and FuturesTrader71,

Most interesting was the regressive sizing. That is awesome information for an intraday trader.

Also, respect for FT71 for the way the -48 ticks didn't affect him and his composed, in control approach.

For next time - I'd time to see some more scalping, but using FuturesTrader71's actual platform and him prepared to show us as best as possible his actual scalping activities, or as close to such as possible.

Also, "I'm missing a tick stream and a market flow" can this comment be explained with a bit more detail?

Overall: Really interesting to hear what FuturesTrader71 had to say about scalping!

Cheers guys,
Turismo

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  #66 (permalink)
 
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 Big Mike 
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TurismoTek View Post
Also, "I'm missing a tick stream and a market flow" can this comment be explained with a bit more detail?

It means he was missing the time and sales and his regular charts. He was trading a naked chart in a different platform. He showed his normal charts briefly to give you an idea of what he normally does, and it's been covered in detail in many AMA's on futures.io (formerly BMT) or in his webinars on futures.io (formerly BMT).

Mike

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  #67 (permalink)
 
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 kurucz 
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The webinar had the right focus.

The most important topic for me was the S5 Trade Analyzer tool. Some of the functions are already implemented in NT in the Account Performance section. Like MFE MAE Profit CumProfit. But not the Theoretial Average. And you have to generate it every time. The S5 tool seems to be in realtime.

There are so many programmers here in the forum. Somebody should code this. A new indicator project. The alternative would be that S5 sells it. Or some interested Traders in the forum do a crowdfunding to get the tool created.

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  #68 (permalink)
 
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 podski 
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FT71 is a great presenter and is remarkably consistent in both style and content. He is very "on message".

This was another great Webinar.

The live trading idea is good. However it was all a little bit freestyle. No real plan outlined, no stops, wrong charts, new product etc. I of course understand that the point was to give a general idea and to demonstrate the Analyzer (great idea that fills a massive hole in the Ninja 7 basic functionality). Don't get me wrong .. it served the purpose very well but if we were to see more of that it needs more context.

In summary, it's interesting to see a little more live trading but to base it on a more structured plan.

p

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  #69 (permalink)
 
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 puma 
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Big Mike View Post
For future webinars, what do you guys want more? A formal presentation or another live market scalping demonstration, with the caveat of it being market replay due to the webinar time of day and compressed time nature?

Mike

I vote for scalping demonstrations.

Further,
I predict this and similar webinars will become the most viewed / favored futures.io (formerly BMT) videos.

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  #70 (permalink)
 
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 arnie 
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Big Mike View Post
For future webinars, what do you guys want more? A formal presentation or another live market scalping demonstration, with the caveat of it being market replay due to the webinar time of day and compressed time nature?

Mike


A live market scalping demonstration would be more useful I believe, especially if combined with his regular market reading with his charts. Basically doing is top down analysis and then trade it by scalping it.

Scalp the market has he did on this webinar with the trade analyzer was very informative but then again it was not based in his regular market analysis and that might give the impression to the newbie that just grab a chart and trade it as if there was no tomorrow.
We need context.

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