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

  #411 (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

Hey look at this! I'm all caught up for the first time.

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  #412 (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

When to use a runner?

I really appreciate you taking the time to answer these questions.

I have another.

Let's say I have a 65% win rate trading CL with 2 lots. I have an 8-tick scale and a 12-tick scale and a 15-tick stop.

On my winning trades I very often see much greater favorable excursion potential.

The question is: when does it become reasonable to use a runner?

I received the book "Coaching the Mental Game" today and was very pleased by the note.

Thanks again to both you and Mike.

Cheers,
Josh

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  #413 (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
Using the sports analogy and deliberate practice model.
Any drills a trader could isolate or work on to improve their trading? Like the batting cage, shootings dry fire, golf putting, punching mitts, shadow boxing, etc.
building that inuition and subconscious competence.


I heard you and Dionysous mention DOM reading at speed(I've yet to use the DOM, and will eventually).

Risk seems to be the largest issue for most people, retail or prop. Maybe the marble game 2-3x week. And. Or the market at speed in replay while identifing risk or looking for patterns?
Homework levels seem to be the other ...maybe HYPO1,2,3 multiple markets per day then check back. Relating price action to Hvns and Lvns.
Maybe a mental though process.


How would you structure such? Frequency? Intensity? Duration?
I am highly impressed by Stage5 commitment to helping their traders and am going to contact them this week because of it.

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  #414 (permalink)
Elite Member
Albuquerque, NM
 
Futures Experience: Advanced
Platform: TOS
Broker/Data: IQFeed
Favorite Futures: ES
 
Posts: 4 since Jun 2014
Thanks: 1 given, 0 received


hCVaEAL View Post
You talked today about error tracking being a big differentiator between retail and prop/pro traders. Can you give some examples of errors which when tracked can really help a retail trader like me (who doesn't track any errors and can only guess that you mean more than fat thumb errors)? Does the platform (stage5) help?

Thanks for the fantastic webinars!

Found the answer in an older FT71 webinar, The Holy Grail - Expectancy & Habits, where FT talks about errors and tracking more.

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  #415 (permalink)
Watch Your Risk
West Coast
 
Futures Experience: Advanced
Platform: X_Trader, Bookmap, R|T
Broker/Data: IQ Feed, TT, Rithmic
Favorite Futures: Index Futures, Energy and Interest Rate spreads
 
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Posts: 79 since Oct 2010
Thanks: 50 given, 34 received

Treasury Roll

Hi FT,

Looooong time twitter follower, I am having trouble with a standardized date (to use across the board) to roll Treasury futures because the pace of the roll is always different and for instance during this roll, some treasuries had a later or slower roll while others had an earlier or quicker one. The indexes are much easier with with the second Thursday of H,M,U and Z, unless I am missing something.

What day do you use?

Thanks,

Chris

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  #416 (permalink)
Capt. Johnny Jameson
Fort Lauderdale
 
Futures Experience: None
Platform: NinjaTrader 7
Broker/Data: CQG
Favorite Futures: ES
 
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Posts: 626 since Oct 2009
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this is how I roll....


bathrobe View Post
Hi FT,

Looooong time twitter follower, I am having trouble with a standardized date (to use across the board) to roll Treasury futures because the pace of the roll is always different and for instance during this roll, some treasuries had a later or slower roll while others had an earlier or quicker one. The indexes are much easier with with the second Thursday of H,M,U and Z, unless I am missing something.

What day do you use?

Thanks,

Chris

I roll with volume.

JD

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  #417 (permalink)
Watch Your Risk
West Coast
 
Futures Experience: Advanced
Platform: X_Trader, Bookmap, R|T
Broker/Data: IQ Feed, TT, Rithmic
Favorite Futures: Index Futures, Energy and Interest Rate spreads
 
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Posts: 79 since Oct 2010
Thanks: 50 given, 34 received


Devil Man View Post
I roll with volume.

JD

Thank you, I should have added I am trying to use a specific date so the data will be adjusted, this is a feature you have to build into continuous charts in TT, which is what I am asking for, it is built in to IQ Feed.

Thank you,

Chris

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  #418 (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


bathrobe View Post
Hi FT,

Looooong time twitter follower, I am having trouble with a standardized date (to use across the board) to roll Treasury futures because the pace of the roll is always different and for instance during this roll, some treasuries had a later or slower roll while others had an earlier or quicker one. The indexes are much easier with with the second Thursday of H,M,U and Z, unless I am missing something.

What day do you use?

Thanks,

Chris

Just use the notice day which was yesterday.
During the day volume was still in March but by the end of the day June volume was basically identical to March.
Today June is at full throttle.

If I become half a percent smarter each year, I'll be a genius by the time I die
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  #419 (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

One question regarding S5T datafeed, OEC.
You advertise that OEC is unfiltered but you continue to use IQFeed, like many of your clients.

If you offer an unfiltered datafeed, why continuing to use a paid one when both should be identical since they are unfiltered?
One might think that you not trust OEC.

Regards.

If I become half a percent smarter each year, I'll be a genius by the time I die
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  #420 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Posts: 46,237 since Jun 2009
Thanks: 29,350 given, 83,155 received



arnie View Post
Hi @FuturesTrader71

One question regarding S5T datafeed, OEC.
You advertise that OEC is unfiltered but you continue to use IQFeed, like many of your clients.

If you offer an unfiltered datafeed, why continuing to use a paid one when both should be identical since they are unfiltered?
One might think that you not trust OEC.

Regards.

I am not Morad, but there is more to a data feed than unfiltered data. For example, breadth tickers, historical data, continuous contracts, etc.

Mike

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