AMA: FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything - futures io
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AMA: FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything


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AMA: FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything

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  #191 (permalink)
Miami FL USA
 
Experience: Advanced
Platform: Ensign 10, NT7 DOM
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DarkPoolTrading View Post
Excellent as always. There seemed to be a lot of back and forth between yourself and FT71 in this particular AMA which I really enjoyed.


Big Mike View Post
I try to minimize that but sometimes get passionate about a few things...

Mike


I noticed that too, I think it's time for a real AMA, Ask Mike Anything. I know you have the Ask Any Trading Question Thread but there's just something about your deep sexy voice vibrating in my ear that really turns me on.

I thought it was great, it's nice to see FT71 "coming out" too!

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  #192 (permalink)
Chicago, IL
 
Experience: Intermediate
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Hey FT71,

In the March 7th Webinar @ futures.io (formerly BMT): Trade Management Techniques you mention Mechanical versus Arbitrary Trade Management. I just want to make sure I understand correctly the way you are defining mechanical and arbitrary.

Mechanical management would be something that is fixed and unchanging so that you can eliminate it as a variable to the outcome of your trading (should you need to correct something.) In other words I would define this as no management at all.

Trade 1 2pt stop--- targets at 2 pts, 4pts, 6pts
Trade 2 2pt stop--- targets at 2 pts, 4pts, 6pts
Trade 3 2pt stop--- targets at 2 pts, 4pts, 6pts

Arbitrary management would be anything that changes from one trade to another. This would include moving stops or moving targets.

I’m assuming using low/high volume nodes as targets and stops would be under arbitrary trade management because they will change from one trade to another?

Trade 1 2pt stop(LVN)---targets at 2pts(HVN), 6pts (LVN), 8pts (HVN)

Trade 2 3pt stop(HVN)--- targets at 3pts(LVN), 7pts(HVN), 9pts (HVN)

Trade 3 2pt stop(HVN)--- targets at 3pts(HVN), 5pts (HVN), 8pts (LVN)

How do you define the way you trade?(mechanical entry mechanical management, mechanical entry arbitrary management, arbitrary entry mechanical management or arbitrary entry arbitrary management?)


Thanks -Mike

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  #193 (permalink)
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Thanks Mike and FT71 for these great AMA sessions. I can not emphasize how thankful I'm for your efforts to share!

“Happiness is the meaning and the purpose of life, the whole aim and end of human existence.” Δ

“There is no path, but only a fool wouldn’t follow it.”
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  #194 (permalink)
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We were originally scheduled to get back on track on Live AMA's this Tuesday the 20th after my return from Ecuador. However, I caught a bug that has now moved into my lungs (chronic issue for me...), and am a little under the weather and lacking energy.

FT71 has agreed to postpone while I get some rest. I'll update once we get back on track again.

Mike

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  #195 (permalink)
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Big Mike View Post
We were originally scheduled to get back on track on Live AMA's this Tuesday the 20th after my return from Ecuador. However, I caught a bug that has now moved into my lungs (chronic issue for me...), and am a little under the weather and lacking energy.

FT71 has agreed to postpone while I get some rest. I'll update once we get back on track again.

Mike

Thanks and get well Mike!

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  #196 (permalink)
Legendary Market Wizard
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Sorry to hear about the bug Mike, get better buddy.

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  #197 (permalink)
Vienna Austria
 
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FuturesTrader71 View Post
It is generally 12 ticks according to my studies. However, lately it has been more like 9 ticks. The YM has been really slow given this low range, low volatility rally.

I suggest, however, that you study the rotations for YOUR particular chart. If you are triggering off of a 3 min chart, then determine what it is for that chart. We can cover that some time.

Hello FT71,

I am not going to ask for the harmonic rotation of the DAX. Instead I will try to figure it out myself.
Nevertheless, there’s one thing not really clear to me. In one of your webinars where you do the calculation for the ES you export the ZIGZAG with a “Minimum Price Change” of 1 $ (actually 1 point).
Why not using 0.75 or 1.5? If you change to this numbers your 1s and 2s changes accordingly and in turn the harmonic rotation as well. Hence, your stops would get tighter or wider.
For the DAX I have exported the data with a “Minimum Price Change” of 3, 5 and 7. As expected, results for the harmonic rotation are quite different. Now I could use the number which best represents my trading behavior but thought it should go the other way around – enter my trades and place stops based on harmonic rotations.
So, probably I’ve gotten something wrong. Maybe you or some else can shed a little more light on this.

Thanks

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  #198 (permalink)
manchester
 
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hi FT71

I recently saw a video on yr website regarding trading the Micro futures..... U had two chart definitions labelled Cash Indices & European Indices that compare different markets on a % bases (gain or loss). Would it be possible for you to share these definitions please?

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  #199 (permalink)
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@FuturesTrader71, this morning you tweeted "What is the current profile saying to us so far?"

The picture at that time looked like this:



To which you later said: "It is saying that both sides are fighting on a range of prices. Both sides are interested at these prices."

My answer was "No consensus on value."

My question for you: how would the profile look different for "no consensus on value" versus "both sides are interested"? I suppose they are similar concepts, but one implies that neither side is too interested, while the other says that both are interested.

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  #200 (permalink)
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Which software/platform does futuretrader72 use?

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June 13, 2020


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