FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything (AMA) - Trading Reviews and Vendors | futures io social trading
futures io futures trading


FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything (AMA)
Updated: Views / Replies:120,603 / 537
Created: by Big Mike Attachments:19

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 19  
 
Thread Tools Search this Thread
 

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

  #191 (permalink)
Elite Member
Miami FL USA
 
Futures Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker/Data: IB, IQ
Favorite Futures: Currency Futures
 
Cashish's Avatar
 
Posts: 803 since May 2011
Thanks: 811 given, 2,102 received


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!

Reply With Quote
The following 3 users say Thank You to Cashish for this post:
 
  #192 (permalink)
Elite Member
Chicago, IL
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: ES, FESX
 
Posts: 1 since Jan 2013
Thanks: 0 given, 1 received

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

Reply With Quote
The following 3 users say Thank You to mkc1003 for this post:
 
  #193 (permalink)
Market Wizard
Hungary
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: ES
 
Mtype's Avatar
 
Posts: 894 since Oct 2012
Thanks: 758 given, 770 received
Forum Reputation: Legendary


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
Reply With Quote
The following user says Thank You to Mtype for this post:
 
  #194 (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: 45,958 since Jun 2009
Thanks: 29,139 given, 81,931 received

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

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 2 users say Thank You to Big Mike for this post:
 
  #195 (permalink)
Elite Member
london united kingdom
 
Futures Experience: None
Platform: Sierra Chart, S5T
Favorite Futures: ES
 
para6ut's Avatar
 
Posts: 58 since Jun 2012
Thanks: 1,222 given, 88 received


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!

Reply With Quote
The following user says Thank You to para6ut for this post:
 
  #196 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,898 since Jan 2011
Thanks: 5,143 given, 11,217 received
Forum Reputation: Legendary

Sorry to hear about the bug Mike, get better buddy.

Reply With Quote
The following user says Thank You to josh for this post:
 
  #197 (permalink)
Elite Member
Vienna Austria
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: IQFeed / Continuum
Favorite Futures: NQ
 
Posts: 12 since Jul 2013
Thanks: 19 given, 26 received

Harmonic Rotation Calculation


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

Reply With Quote
The following user says Thank You to merler for this post:
 
  #198 (permalink)
Elite Member
manchester
 
Futures Experience: Intermediate
Platform: tradestation
Favorite Futures: oil
 
Posts: 54 since Mar 2010
Thanks: 11 given, 20 received

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?

Reply With Quote
The following user says Thank You to Bankrobber for this post:
 
  #199 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,898 since Jan 2011
Thanks: 5,143 given, 11,217 received
Forum Reputation: Legendary

@FuturesTrader71, this morning you tweeted "What is the current profile saying to us so far?"

The picture at that time looked like this:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


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.


Last edited by josh; August 27th, 2013 at 03:13 PM.
Reply With Quote
The following user says Thank You to josh for this post:
 
  #200 (permalink)
Elite Member
copenhagen
 
Futures Experience: Beginner
Platform: ninjatrader
Favorite Futures: ES
 
Posts: 88 since Jun 2013
Thanks: 8 given, 41 received


Which software/platform does futuretrader72 use?

Reply With Quote
The following user says Thank You to humseper for this post:

Reply



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

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

July Journal Challenge w/$1100 in prizes from TopstepTrader

July

John @ No BS Day Trading (TBA)

Elite only

An Afternoon with FIO member Softsoap (being rescheduled)

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
FT71 www.futurestrader71.com review Big Mike Trading Reviews and Vendors 26 July 31st, 2014 11:54 AM
Webinar: FuturesTrader71 (FT71) - Putting all the pieces together Big Mike Traders Hideout 15 March 16th, 2014 09:27 AM
Webinar: FuturesTrader71 (FT71) on Volume Profile Big Mike Traders Hideout 80 November 12th, 2013 08:06 PM
Webinar: FuturesTrader71 (FT71) Trade Management Techniques Big Mike The Elite Circle 90 March 14th, 2013 03:45 PM
Webinar: FuturesTrader71 (FT71) One-on-One, focusing on member Q&A Big Mike Traders Hideout 19 March 11th, 2013 06:54 AM


All times are GMT -4. The time now is 05:06 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-06-29 in 0.07 seconds with 19 queries on phoenix via your IP 54.224.127.133