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

  #11 (permalink)
Trading Apprentice
Nashville, TN US
 
Futures Experience: Intermediate
Platform: IRT/TOS
Broker/Data: Stage 5 Trading
Favorite Futures: ES
 
Posts: 22 since Jan 2011
Thanks: 1 given, 12 received


Big Mike View Post
I'm more interested in if it is available in paper/sim mode for funded accounts on a permanent basis, or if it only works for cash trades.

Mike

yes it is available for sim accounts as well on a permanent basis if you have a funded account

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  #12 (permalink)
Elite Member
Malaysia
 
Futures Experience: Beginner
Platform: Multichart DT
Broker/Data: MB Trading
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torroray's Avatar
 
Posts: 273 since Nov 2009
Thanks: 52 given, 59 received

Hi FT,

What is the harmonic rotation for YM?

Thanks

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  #13 (permalink)
Elite Member
Hong Kong
 
Futures Experience: Intermediate
Platform: NinjaTrader, TWS
Broker/Data: IB/Kinetick
Favorite Futures: ES
 
Posts: 233 since Jan 2012
Thanks: 130 given, 306 received


FT71,

Thanks for your excellent presentation this week. Just one question please:

Q: Given your use of harmonic rotation at 2 to 2.5 points in the ES, do you keep at 1 point stop on all trades as shown in tables?

If 1 point max stop, entries need to be very good of course. Is that what you rely on, or have I got it wrong and you will use wider stops (price action/whatever) also?

Thanks for any comments.

Richard
Hong Kong
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  #14 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,163 since Jun 2009
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torroray View Post
Hi FT,

What is the harmonic rotation for YM?

Thanks

Check the master homework thread, Xav provided a NinjaTrader tool that will dump results to Excel for any instrument.

Sent from my Nexus 4

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
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  #15 (permalink)
The Narrow Road
Belgium
 
Futures Experience: Intermediate
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Favorite Futures: FDAX, FDXM ...maybe
 
podski's Avatar
 
Posts: 379 since Sep 2012
Thanks: 443 given, 457 received

PPT - Slides

Hi FT,

Can you post the PPT of your slides from the webinar ?


best regards

podski

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  #16 (permalink)
Elite Member
New York City, NY/USA
 
Futures Experience: Intermediate
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Favorite Futures: 6E, ZN, CL
 
Posts: 121 since Dec 2010
Thanks: 3 given, 74 received

all in or scaling

something that does not seem to be addressed when dealing with this all in all out or scaling approach, number of trades is never factored into the expectancy.

when running the math on a sample the outcome can change dramatically.

all the examples I seem to find are great at showing single variable examples but not with trade number involved.

if one trader is an all in all out and another is an all in scale out, while the scale out trader is taking off his positions in his favor, the all in all out trader could have had three full trades in that same time/price period and the risk reward profile is very different.

considering both styles are putting on the same, largest size at trade entry, the all in all out trader will better cover his losses over time then the scaling trader. when I do this analysis I am looking at being defensive and protecting bank roll not psychology stroking myself.

this one aspect made a world of difference in my risk and reward profile. where once as a scale out trade the final portion of trade might have been grabbing 20 ticks but the all in all out would have had 4 trades in that time period which pulled out almost 8x as many ticks.

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  #17 (permalink)
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podski View Post
Hi FT,

Can you post the PPT of your slides from the webinar ?


best regards

podski

Let's keep things organized. There is a separate thread for the webinar:
https://futures.io/elite-circle/25427-webinar-futurestrader71-ft71-trade-management-techniques.html

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
 
  #18 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
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Posts: 46,163 since Jun 2009
Thanks: 29,275 given, 82,773 received

Tip


There will be a Live AMA session on Tuesday, March 19th @ 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

The link for the event is:
https://www3.gotomeeting.com/register/776327726




Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 6 users say Thank You to Big Mike for this post:
 
  #19 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,163 since Jun 2009
Thanks: 29,275 given, 82,773 received

@FuturesTrader71,

Does your trading change should we make new all time highs in the ES? Since there are no prior resistance levels or CLVN's and etc to measure against or target, what changes do you make if any?

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
  #20 (permalink)
Elite Member
Prag + Czech Republic
 
Futures Experience: Beginner
Platform: Sierra Chart
Favorite Futures: YM,TF,ES,NQ,FGBL
 
Alanelcheco's Avatar
 
Posts: 2 since Jan 2013
Thanks: 18 given, 2 received


Hello,

Why are markets correlating? (TF,ES,YM,DAX,FESX...) If the price is moved especially by Big Boys how they are so interconnected in all these markets?

Thank you very much,
Alan

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