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


FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything (AMA)
Updated: Views / Replies:130,369 / 553
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)

  #391 (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: 46,237 since Jun 2009
Thanks: 29,350 given, 83,155 received


KahunaDog View Post
And specifically to Big Mike if he could consolidate your recommendations at the beginning of thread in the summary.

Quick Summary posts are editable by any Elite Member. You don't need me, any Elite Member can summarize any thread with a Quick Summary post.

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:
 
  #392 (permalink)
Elite Member
Zürich
 
Futures Experience: Intermediate
Platform: Ninja Trader, IB, Stage 5, Investor RT
Broker/Data: Stage 5, Market Delta,Rithmic,IB
Favorite Futures: Futures, Stocks
 
Posts: 6 since Jun 2014
Thanks: 10 given, 0 received

Initial Balance

Hi FT 71

In FDAX, when do you calculate IB from,
opening of the future trading or the cash that is starting one hour later ??

Thank you for your reply

brattebakken

Reply With Quote
 
  #393 (permalink)
grappling dummy
Hawaii at the beach
 
Futures Experience: Beginner
Platform: Nt8, MotiveWave, TOS
Broker/Data: S5
Favorite Futures: ES, ZB fine alcohol and muscle cars
 
KahunaDog's Avatar
 
Posts: 476 since Apr 2013
Thanks: 945 given, 345 received


Ft71
in a recent tweet you responded or commented on time.
You wrote something of the nature to "what does time have to do with it"

Can you comment in general on time?
time of day?
Do funds still have to get so many orders off? Then at the end of the day run for the fire exit?
things like that. How do they mask their orders?
They often create levels that are useful in volume profile.

Do they often occur at a certain time.
Does covering occur at a certain time?
I've noticed it does to a certain point. The exact time is not real specific, but give or take 5-15min. Then when price action shows it's intentions people unload their orders creating a cascading effect. Like an off set trade.

Any comments on the London traders affecting the NY open and their effect at NY lunch. ?

thank you for your time.

Reply With Quote
 
  #394 (permalink)
in a meditative state...
Portugal
 
Futures Experience: Advanced
Platform: Multicharts, Jigsaw
Broker/Data: Stage5, OEC
Favorite Futures: Treasuries
 
arnie's Avatar
 
Posts: 801 since May 2010
Thanks: 709 given, 976 received

Hi @FuturesTrader71

What are your thoughts regarding the CME closing all the pits except the S&P?
Sooner or later also the S&P pit will be closed so how would you think that one should now look at the pit session since there will be none?
For instance, the treasuries pit session begin at 7:20CT and end at 14:00CT. Maybe this time period will continue after the pit closes has being the day session period but chart wise, do you think that it will make sense to continue looking at the market by session, RTH vs ETH? Or since the market will be 100% electronic volume (in a way it is already) will not "wait" for the pit to open and may start acting at any time now?

Regards

If I become half a percent smarter each year, I'll be a genius by the time I die
Reply With Quote
The following user says Thank You to arnie for this post:
 
  #395 (permalink)
Elite Member
Montreal, Quebec/Canada
 
Futures Experience: Intermediate
Platform: Ensign, IB, Sierra Chart, Ninjatrader, Multicharts
Favorite Futures: CL, Stocks, 6C
 
Joshua1984's Avatar
 
Posts: 15 since Mar 2011
Thanks: 1 given, 17 received

What is your opinion on exiting a trade after X-mins when it has gone nowhere?

Reply With Quote
 
  #396 (permalink)
Trading Apprentice
Vancouver Island, Canada
 
Futures Experience: Advanced
Platform: T4, Ninja, MetaTrader, IB, Oanda
Favorite Futures: Oil
 
Posts: 36 since Nov 2013
Thanks: 87 given, 86 received

Mental capital

FT 71,

Listening to one of your webinars for the 5th time, and you made the comment that most traders are low on mental capital and that your job as a prop trading firm owner was to help your traders gain on their emotional capital ( 4:98 - risk, scaling, probabilities, and trade management).

Would you be able to share some specific steps on how to increase one's mental capital that can be recommended to us traders here on futures.io (formerly BMT)? Considering that the majority of us don't have access to the environment of a prop firm such as yours. I think traders on futures.io (formerly BMT) would find it invaluable to hear that... Or my wish list would be a webinar on the topic.

Thanks for your consideration,

Yukoner

Reply With Quote
The following user says Thank You to Yukoner for this post:
 
  #397 (permalink)
Shaun Glendinning
Cape Town/South Africa
 
Futures Experience: Intermediate
Platform: NinjaTrader8
Broker/Data: NinjaTrader Brokerage, Rithmic Feed
Favorite Futures: ES
 
ShaunG's Avatar
 
Posts: 38 since Jul 2014
Thanks: 181 given, 40 received

My Humble Opinion


Joshua1984 View Post
What is your opinion on exiting a trade after X-mins when it has gone nowhere?

I am no expert! However, I would agree with you, once in the trade, and it’s going nowhere, exit the trade – something’s wrong!

I remember listening to one of “LBR” webinars, where she echoes similar advice. Once you have entered a trade, if your entry is correct, it should start to move in your direction immediately. Linda likes to refer to… “Try to feel the market’s pulse” and move accordingly. No pulse, “GET OUT”!

My humble opinion, of course!

Reply With Quote
 
  #398 (permalink)
Elite Member
glostrup, denmark
 
Futures Experience: Advanced
Platform: Custom platform
Broker/Data: CQG
Favorite Futures: Futures, Options, Stocks
 
ktrader's Avatar
 
Posts: 249 since Aug 2011
Thanks: 151 given, 274 received

higher resolution

Does a higher resolution version of this recording exist?

. I can only select 480p as maximum which is too low to see the details of the charts in this recording.

Reply With Quote
 
  #399 (permalink)
 Vendor: www.futurestrader71.com 
Chicago, IL, USA
 
Futures Experience: Advanced
Platform: S5 Trader, IQFeed, IRT
Broker/Data: Stage 5 Trading Corp
Favorite Futures: ES, M6E, FDAX, TF, NQ, GC
 
FuturesTrader71's Avatar
 
Posts: 238 since Feb 2012
Thanks: 74 given, 784 received


brattebakken View Post
Hi FT71 and thank you.


That is what I thought.
How can I send you a private message ??

I am testing Stage 5 and IRT with Datafeeed from Market Delta (is that IQ feed).
Very nice with the MAE MFE to see how I am doing.
Is there a place where is is shown how to export/import in Excel and look at the different outcomes.

brattebakken

Bratte,

If you are using the S5 Trader with IRT, then your feed is coming in through MD Trader (an adapter) direct from our servers. Your historical data is coming from DTNMA (IQFeed with no real time data). It is an effective combo for the cost-conscious trader.

You can export your results to Excel by hitting the Export button the Daily tab to save to CSV. We have a template to import the data into. Soon, all of this will be online and automated. We try to eat our meals one bite at a time.

Risk Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and 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
Reply With Quote
The following user says Thank You to FuturesTrader71 for this post:
 
  #400 (permalink)
 Vendor: www.futurestrader71.com 
Chicago, IL, USA
 
Futures Experience: Advanced
Platform: S5 Trader, IQFeed, IRT
Broker/Data: Stage 5 Trading Corp
Favorite Futures: ES, M6E, FDAX, TF, NQ, GC
 
FuturesTrader71's Avatar
 
Posts: 238 since Feb 2012
Thanks: 74 given, 784 received



brattebakken View Post
Hi FT 71

In FDAX, when do you calculate IB from,
opening of the future trading or the cash that is starting one hour later ??

Thank you for your reply

brattebakken

For FDAX, the session starts at 7 AM GMT but the cash market doesn't start until 8 AM GMT. This is an unfortunate change that Eurex made back in 2006 or so. For that reason, you have to use 120 mins for the IB for the FDAX. The alternative is that you create a custom session in IRT that starts at 8 AM GMT and just use a 60 min IB. I use the former method.

Risk Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and 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
Reply With Quote
The following 3 users say Thank You to FuturesTrader71 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)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

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 12:54 PM
Webinar: FuturesTrader71 (FT71) - Putting all the pieces together Big Mike Traders Hideout 15 March 16th, 2014 10:27 AM
Webinar: FuturesTrader71 (FT71) on Volume Profile Big Mike Traders Hideout 80 November 12th, 2013 09:06 PM
Webinar: FuturesTrader71 (FT71) Trade Management Techniques Big Mike The Elite Circle 90 March 14th, 2013 04:45 PM
Webinar: FuturesTrader71 (FT71) One-on-One, focusing on member Q&A Big Mike Traders Hideout 19 March 11th, 2013 07:54 AM


All times are GMT -4. The time now is 02:10 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 2017-11-20 in 0.11 seconds with 20 queries on phoenix via your IP 54.224.187.45