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AMA: FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything
I am looking for the optimum instrument on which to draw trend lines and trend channel lines on daily charts of the S&P 500. I presume it is not with the SPY because it's value gaps down every 3 months with dividends. Nor would it be with the ES futures becuse it's premium/discount also changes with time to eventually align with the index. This leaves the SPX index itself.
However I know that drawing trend lines on multiple day charts works better using ES RTH than Equity RTH. So over an extended period of time (months) what is the optimum vehicle? Thanks for you contibution of time and sharing of knowledge FuturesTrader71.
There will be a Live AMA session on Tuesday, November 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
There will be a Live AMA session on Tuesday, December 10th @ 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
Love all your webinars any chance in future you will be starting up a remote prop firm similar to topstep or some of the other ones out there just curious. Thanks, bob.
Mike, as I will be unable to attend todays AMA live, please will you ask FT71 the following if possible:
- After the market has been in balance for a few days, the day which finally breaks out of balance is often a strong trend day. On days like this you can really get hurt if you're still trading under the assumption that the market is in balance.
While the market is still within balance, what clues do you look for that it may be looking for a move out of balance on a particular day so that you dont end up fading all day.
FT71, can one be a good self coach (as in Brett Steenbarger's book), or do you recommend gettting an actual coach? If an actual coach is recommended, what is the best way to get a good coach?
Hector,
Since FT71 is doing morning trading plan updates and tweeting what's happening during the day, he is already being a coach for anybody that can recognize the value.
Jump on board Hector and learn from a pretty darn good trader!
