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FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything (AMA)
Started:March 7th, 2013 (03:35 PM) by Big Mike Views / Replies:104,118 / 510
Last Reply:December 6th, 2016 (08:28 PM) Attachments:19

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

Old May 14th, 2013, 03:27 PM   #131 (permalink)
Elite Member
London, United Kingdom
 
Futures Experience: Intermediate
Platform: Stellar
Favorite Futures: ES, FGBL, FDAX
 
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FuturesTrader71 View Post
No, I don't use moving averages at all. Why not 18 period? Why not 22? 36? 54? 500?

Thank you for responding to my query.

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Old May 14th, 2013, 03:39 PM   #132 (permalink)
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FuturesTrader71 View Post
Excellent question. I don't agree with this aspect of POP's rule.

Thank you for your clear and concise answer @FuturesTrader71. I appreciate you taking the time to answer, and I thank you for your AMA today--it was probably the best so far, some very good actionable information in there.

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Old May 14th, 2013, 10:41 PM   #133 (permalink)
Membership Revoked
British Columbia
 
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Love this Thread! Thanks FT71

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Old May 22nd, 2013, 06:46 PM   #134 (permalink)
 Vendor: www.futurestrader71.com 
Chicago, IL, USA
 
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Platform: S5 Trader, IQFeed, IRT
Broker/Data: Stage 5 Trading Corp
Favorite Futures: ES, M6E, FDAX, TF, NQ, GC
 
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RichardHK View Post
Thanks again for your time today. One question I had but time ran out. Not sure if this has been covered earlier:

What is your view on using tick charts vs the volume chart you have?

And if using tick charts, is there a recommended volume indicator to use to help assess Wyckoff/similar type action?

Hi Richard,

It is a personal preference really. I prefer volume because I like to be in tune with "how much traded" but tick charts serve the same function. The difference really is when the bar closes.

I don't use tick charts. What do you mean by "to help assess Wyckoff/similar type action"? Can you share an example?

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Old May 22nd, 2013, 11:16 PM   #135 (permalink)
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Futures Edge on FIO

Are you a NinjaTrader user?

 
I just wanted to thank FT71 for all he has done and being ranked #1 on investimonails for futures broker. Totally deserving for all the effort and time put in. Congrats to both you FT71 and Anthony.

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Old May 23rd, 2013, 05:40 AM   #136 (permalink)
in a meditative state...
Portugal
 
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I don't know how was this possible but I completely miss this AMA

Just finished seeing the recording and as always... brilliant!

Thanks FT71

If I become half a percent smarter each year, I'll be a genius by the time I die
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Old May 23rd, 2013, 06:39 AM   #137 (permalink)
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FuturesTrader71 View Post
Hi Richard,
It is a personal preference really. I prefer volume because I like to be in tune with "how much traded" but tick charts serve the same function. The difference really is when the bar closes.
I don't use tick charts. What do you mean by "to help assess Wyckoff/similar type action"? Can you share an example?

Hi FT,

By Wyckoff type action I mean the upthrusts, springs, signs of weakness, etc., along with trend lines and pivots. Attached is my chart for yesterday's open and first few hours on the ES roller coaster which shows where I am at now. Since writing my message I have studied stuff here and added the PriceActionSwing and WWaveVolume indicators that work alongside my earlier cumulative delta and Better ProAm/Sinewave. Trying hard to keep these to a minimum and seems about right now.

The WWaveVolume is an indy version of David Weis's Weis Wave and I may buy David's version later after completing his new book. He's a nice guy and should be compensated for his good work.

So I have a tick chart for monitoring trades, ProAm for large trade size, Sinewave for potential turning points, CD for market order behavior, and PASwing and WaveVolume for swing volume/wedge/etc info. Also using the Jigsaw tools to confirm trades. So far so good. Been profitable for a while now. Any comments?

PS. Note the blue trend line coming in from overnight Globex session, pointing perfectly to best trade of the day at open! Trendlines work!

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

Richard
Hong Kong
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Old May 25th, 2013, 09:05 PM   #138 (permalink)
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Tip


There will be a Live AMA session on Tuesday, May 28th @ 12:00 PM ET.

- Quick and casual, 30 minute cap
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- 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/399617630

During the month of June, futures.io (formerly BMT) has 15 very special webinar events as part of our 4-year anniversary -- including FT71 speaking on Tuesday, June 11th. The May 28th session will be the last AMA until Tuesday, July 9th when we get back on schedule after all the special June events.




Mike

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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.
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Old May 28th, 2013, 11:05 AM   #139 (permalink)
Elite Member
Prague,Czech republic
 
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Favorite Futures: ES
 
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Expiriences

Hello FT71 in last AMA you said that you reccomend to new traders to trade (execute) M6E contract and analyze and watch 6E. Have you got some expiriences with analyze 6E and execute with some ECN forex broker on EUR/USD. Or some kind of this trading currency futures - execution on forex.

Thank you.

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Old May 28th, 2013, 01:03 PM   #140 (permalink)
Site Administrator
Manta, Ecuador
 
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Big Mike's Avatar
 
Posts: 45,547 since Jun 2009
Thanks: 28,886 given, 80,159 received


AMA session is open.

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:
     

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