Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
Posts: 50,151 since Jun 2009
Thanks: 32,659 given,
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I've noticed that a great deal of Investor/RT customers use FT71's (FuturesTrader71) methodology, or at least follow him pretty closely. He makes calls on Twitter and also does some webinars.
I'm considering asking him to do an educational webinar for futures.io (formerly BMT), but before I do, I'd like to know if any of you guys are using his method past/present and what you can share about him. Just doing some due diligence...
I follow him in twitter but never used his information to trade, sometimes he tweet some news quickly.
One day he did a sudden live webinar (on gotowebinar), he just explained what the market was doing in real-time, not a "teaching webinar" but everything he said made sense to me, seems a good teacher, was worth it. Btw he trades ES and by the time he did this I focused only on 6E.
I often follow him during the day on twitter. It's eery how good he is. He's not a commercial educator though...he just decided to have people donate a small amount to charity for a few of his videos.
I've been following him for months now and have learned more from him than any other place. I've been thru some courses at Online Trading Academy which were good for gaining the beginning tools needed but FT71 is the real deal and not a money grabber. He freely gives his information and does not offer any "paid services" as previously mentioned. He does have 4 webinars that are recorded that he asks for small donations to charity to view, but the free information is abundant.
Anyone interested can go to his site and get all they need. I doubt he would do a webinar for this or any other site since he has already put everything out there and isn't trying to sell anything. But I have gone from losing to starting to be better than breakeven using his methodology. Interested traders should just go to his site and view all the free chats, etc. Volume profiling is his thing and he uses it very well.
The following 5 users say Thank You to birdtruck for this post:
He's a good guy, he used to post on ET a few years ago. I've only seen a couple of his videos, and they seem decent. From what I could gather, he seems to know his stuff. All the lines on his charts makes me dizzy, though.
But as I also trade with Market Profile, I would at least vouch for the methodology. I wouldn't want to trade without it!
I abandoned my cycle trading method in favor of a market & volume profile based method, FT71 was a great influence for me. It took me a while but I now have consistent results. I don't trade exactly like him but I use his concepts in my trading. I highly recommend him & his methods.
The following 2 users say Thank You to cunparis for this post:
I follow 2 traders on Twitter and FT71 is one of them. I have been doing so since before he did his $20 donation webinars ( about 2 years). He has no desire to get on board the educational gravy train and is a very good and profitable trader. His Auction Theory is difficult to master but what a difference once learned, and how to deal with your monkey brain teachings are the best.
I want to know every day how he sees the ES. He is a master auction theory trader. 99% of his teachings are FREE! He is just a really good guy.
If you do a webinar I'd humbly request in the spirit of FT71 please make it free for everyone and not just elite members.
You can be certain you will have a real trader if you can persuade him.
Shivaya
The following user says Thank You to Shivaya for this post:
Does he trade anything else than the ES ? or put differently, can his approach of market profile be easily applied to other markets ? I ask this as some market profilers can do a great job on the ES with Market Profile but when it comes time to apply it to say the RUSSELL or Euro (6E) then their frame of reference does not seem to run as accurately.
