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FT71 www.futurestrader71.com review


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FT71 www.futurestrader71.com review

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  #11 (permalink)
 Shivaya 
Belfast N.Ireland and Brisbane Australia
 
Experience: Advanced
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He trades mostly ES. some DAX and NQ. Also discusses Euro and CL. He is not your typical Market Profile trader but has taken it to what I'd describe as another inner level only achieved after thousands of hours of screentime. His ability to read the composite chart is one major reason for his success.

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  #12 (permalink)
 cunparis 
Paris, France
 
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For those wanting him to do a webinar here.. most people do webinars in order to build brand awareness, sell their products & services, etc. I get notifications every week about webinars like that.

If you want to learn more about FT71, he has already recorded 4 excellent webinars. For the price of a small donation to a charity you can watch them right now.

I also recommend reading Dalton's books, you'll understand FT71 even more.

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  #13 (permalink)
 trendisyourfriend 
Market Wizard
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Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
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Shivaya View Post
He trades mostly ES. some DAX and NQ. Also discusses Euro and CL. He is not your typical Market Profile trader but has taken it to what I'd describe as another inner level only achieved after thousands of hours of screentime. His ability to read the composite chart is one major reason for his success.

To be honest, i have the feeling most market profilers that use Dalton's principles can effectively use MP more easily on the ES than any other instruments. I think it is due to the fact that the ES is not a trending instrument. Applying the same concept (responsive/initiating activities) on the Euro does not work as well to the tick as it does on the ES. For example, seeing a 2 points bounce on a Naked POC on the ES is not a rare event, it's more the norm but on the Euro, i don't see the same behavior. I suppose it is like Fibonacci or daily pivot studies which work well on certain instruments but not on everyone.

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  #14 (permalink)
 roztom 
Chicago, IL. USA
 
Experience: Advanced
Platform: IRT, Bookmap
Broker: Rithmic MBO Data
Trading: ES/NQ/Volume Profile
 
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I had studied MP back when it was only TPO based in the mid 1980's with Pete Stedilmier and abandoned it but with the addition of Tick Volume it changed the game.

Auction Theory is where it is at for me and the profile lets me see where areas of interest are developing on an interday basis and as FT71 has done so well is develop longer timeframe composites to see where these areas of activity were on the longer timeframe.

The idea is that if a price level was important to the OTF traders (Bg $) in a past auction will they show up again at that same area... This allows for defining areas of interest where there has been a confluence of OTF behavior..

FOr me it has allowed me to have a better understanding of price discovery, rotations and how a market is drawn to test other price areas... either extremes that were rejected or Areas of high volume or acceptance.

MY trading improved signifigently when I reduced the number of trades and waited for the market to come to me and then positioned at critical areas. In addition I can see viable targets where the market will go on a interday as well as multi day basis.

I trade ES primarily right now, trade with targets and understand at least for me that I always want to be aligned with the OTF..

MP always made sense logically and it explained something I had learned before MP but gave it a language. Seeing price discovery as an auction process rather then an indicator based process helped me a lot.

I do use some indicators but quite often they create conflict with what I read in the market.

IN closing, I believe everyone can benifit from FT71 perspective to understand how the market functions and why it behaves the way it does.

Tom

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  #15 (permalink)
 tonylou 
darien, IL
 
Experience: Intermediate
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He is the best. His calls are uncanny, his analysis of the market is right on. He will share his views of what he thinks the market might do and uses logic. He has a couple of seminars on his website that are well worth the money (donations go to his charity) and is very generous with his knowledge.
I follow him on TweetDeck. I think he has several thousand followers. He tries to prepare his followers by stressing preparation and anticipation.
He is strongly recommended! I try to attend his seminars and chats as much as possible.

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  #16 (permalink)
 rickr 
Waynesville, NC USA
 
Experience: Intermediate
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Several years ago I used to be in a room with him (not his) and he was excellent . . . he's located in Chi Town and offices next to the exchange and is a member of the exchange . . . he used to have (maybe still have) his own prop shop and funded his traders . . . he would be a great webinar speaker . . . not only does he know the tech side of trading but also what goes on between the ears . . . I think he would accept if invited . . . he is a genuine pay it forward kinda guy . . .

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 Big Mike 
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  #18 (permalink)
 Cloudy 
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A question for those who have watched his seminars. Can his methods be adapted to Ninjatrader? Or does it require particular MP indicators that are only available for his trading platform? Thanks.

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 Big Mike 
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Cloudy View Post
A question for those who have watched his seminars. Can his methods be adapted to Ninjatrader? Or does it require particular MP indicators that are only available for his trading platform? Thanks.

Not a NT user myself, I think yes it can be adapted. But if are newer, it would be easier to use his platform simply due to following along with his videos and etc. But for a more experienced user, I think the tools exist in NT (third party only, not native) to be able to do it, for the most part. GomMP for instance (free to elite), or Rancho Dinero's stuff.

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  #20 (permalink)
 roztom 
Chicago, IL. USA
 
Experience: Advanced
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Broker: Rithmic MBO Data
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Cloudy View Post
A question for those who have watched his seminars. Can his methods be adapted to Ninjatrader? Or does it require particular MP indicators that are only available for his trading platform? Thanks.


Cloudy he uses Investor R/T... With the Market Profile edition it is $90.00/mo to lease... FT71 has chart setups you can import so you have his charts, then it is a matter of customizing and integrating his process into yours..

Like everthing in trading it is not plug & play but he will help you advance your trading education potentially faster than any other process..

Of course auction theory, etc must align with your logic/psyche...

While I do not believe in Vendors, FT71 is not a vendor, I can vouch for what he does.

Once you understand that trading is an auction process and what volume tells you at a specific price you will have a better understanding of what is going on and the ability to know what the markets potential is.

We never really "know" anything..we just recognize behavior that is repetitive and try to align ourselves with the market. Then put your helmet on.

The tools you use are what support the decision making process... There is always ambiguity when you enter the trade..that is the risk... then you find out ...

FT71 and some of the books mentioned here would be a great place for any trader new or experienced to explore... Remember it is not necessarily replicating what he does..I don't think many can - like everything else. It is seeing the concepts and then creating a process from tools that align so you can execute with minimal conflict... Just my 2 cts...

Regards,

Tom

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