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AMA: FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything
Thank you for your clear and concise answer @FuturesTrader71. I appreciate you taking the time to answer, and I thank you for your AMA today--it was probably the best so far, some very good actionable information in there.
It is a personal preference really. I prefer volume because I like to be in tune with "how much traded" but tick charts serve the same function. The difference really is when the bar closes.
I don't use tick charts. What do you mean by "to help assess Wyckoff/similar type action"? Can you share an example?
Risk Disclaimer: Trading Futures is not suitable for all investors. Past Performance is not indicative of future results.
If you have any questions about the products or services provided, please send me a Private Message or use the futures.io " Ask Me Anything" thread
I just wanted to thank FT71 for all he has done and being ranked #1 on investimonails for futures broker. Totally deserving for all the effort and time put in. Congrats to both you FT71 and Anthony.
By Wyckoff type action I mean the upthrusts, springs, signs of weakness, etc., along with trend lines and pivots. Attached is my chart for yesterday's open and first few hours on the ES roller coaster which shows where I am at now. Since writing my message I have studied stuff here and added the PriceActionSwing and WWaveVolume indicators that work alongside my earlier cumulative delta and Better ProAm/Sinewave. Trying hard to keep these to a minimum and seems about right now.
The WWaveVolume is an indy version of David Weis's Weis Wave and I may buy David's version later after completing his new book. He's a nice guy and should be compensated for his good work.
So I have a tick chart for monitoring trades, ProAm for large trade size, Sinewave for potential turning points, CD for market order behavior, and PASwing and WaveVolume for swing volume/wedge/etc info. Also using the Jigsaw tools to confirm trades. So far so good. Been profitable for a while now. Any comments?
PS. Note the blue trend line coming in from overnight Globex session, pointing perfectly to best trade of the day at open! Trendlines work!
There will be a Live AMA session on Tuesday, May 28th @ 12:00 PM ET.
- Quick and casual, 30 minute cap
- No prepared presentation
- Live screen sharing
- Floor will be opened immediately to questions
- Recording uploaded to AMA thread afterwards
- Attend live to get your questions answered
During the month of June, futures.io (formerly BMT) has 15 very special webinar events as part of our 4-year anniversary -- including FT71 speaking on Tuesday, June 11th. The May 28th session will be the last AMA until Tuesday, July 9th when we get back on schedule after all the special June events.
Hello FT71 in last AMA you said that you reccomend to new traders to trade (execute) M6E contract and analyze and watch 6E. Have you got some expiriences with analyze 6E and execute with some ECN forex broker on EUR/USD. Or some kind of this trading currency futures - execution on forex.
