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


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

  #291 (permalink)
 ABCTG   is a Vendor
 
Posts: 2,431 since Apr 2013
Thanks Given: 481
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tturner,

here you go: June 12th Webinar @ [AUTOLINK]CME[/AUTOLINK] Group: Exploring FX Futures Using [AUTOLINK]CME[/AUTOLINK] E-[AUTOLINK]Micros[/AUTOLINK] - Trading Live | FuturesTrader71

Regards,
ABCTG


tturner86 View Post
Can someone provide a link to the CME video where FT71 traded the M6E mentioned early?


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  #292 (permalink)
 joselopezde 
Spain / Europe
 
Experience: Intermediate
Platform: Ninjatrader
Trading: FESX, FGBL, ES...
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FuturesTrader71 View Post
Hi Joselopezde,

I would love to do this, but it is very time consuming. I can't promise I can pull this off, but I will give it a shot.

Best,
FT71

Thank you very much. Take the time you need. Regards

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  #293 (permalink)
 ArbTrader 
San Jose, CA USA
 
Experience: Beginner
Platform: Ninja
Trading: Futures
Posts: 43 since May 2013
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On stage5 website, there is a link to register for free to access to client only content. However, registration is not available. Wondering if you will be opening up registration again?

Thanks,

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  #294 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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I want to thank FT71 as always for his time on the AMA today.

If you did not get your question answered please post it in the thread.



Mike

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  #295 (permalink)
 
SeanKozak's Avatar
 SeanKozak 
ottawa
 
Experience: Advanced
Platform: Ninja Trader
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Trading: futures
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I would like to get as much feed back from traders who have experience with tick based and volume based charts. I have been trading time based charts successfully for over 6 years as I am a price action supply and demand trader.

My time-frames vary based on style and length of position (scalp, intra-day swing, swing and position)

as of now these are the variations:

scalp - 60 min / 15min / 5 min /2 min
intra-day swing - 240 min / 60 min / 15 min / 5 min
swing and position - weekly / daily / 240 min / 120 or 60 min

the reason i display this information is because I am looking for accurate feedback towards converting these identical fractals into tick charts and volume charts.

Volume Charts:

scalp?
intra-day swing?
swing and position?

i want to find the best volume charts that match the same time based fractals relative to to those variations.


Tick based charts:

scalp?
intra-day swing?
swing and position?

i want to find the best tick charts that match the same time based fractals relative to to those variations.

The markets that I am looking to use this breakdown on are:

6A
6B
6E
ES
NQ
TF
YM
CL
GC
NG

each market will have different variations as they all contain different amounts of volume and transactions.....

***I understand everyone has different views on which time-frames are best for their style however I would appreciate is the responses best match the above timeframe fractals in conversions***

I also understand comparing time vs transactions or volume is like comparing apples to almonds but nonetheless markets are fractal regardless of them being time, tick or volume...


I am including a worksheet I have completed that uses one method to convert time to volume using this calculation:

Daily Minutes = (1440-60=1380m)

Average Daily Volume = VOLMA (90period)

Calculation = (VOLMA/1380) = volume per minute
= (volume per minute) x (#mins chart)
= Volume amount for each timeframe

I don't know if this is the most accurate way to consider this and I have not figured out a way to convert time to ticks......

If anyone can please add to this or provide a method to convert time to ticks and volume I would be forever grateful.

Cheers!

Sean Kozak
Golden Zone Trading
Attached Files
Elite Membership required to download: Time to volume chart conversion.xlsx
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  #296 (permalink)
 
FuturesTrader71's Avatar
 FuturesTrader71 
 
Posts: 391 since Feb 2012
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Thanks for posting that!

Risk Disclaimer: Trading Futures 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
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  #297 (permalink)
 
FuturesTrader71's Avatar
 FuturesTrader71 
 
Posts: 391 since Feb 2012
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ArbTrader View Post
On stage5 website, there is a link to register for free to access to client only content. However, registration is not available. Wondering if you will be opening up registration again?

Thanks,

Hi ArbTrader,

The website is being redone in preparation for releasing the S5 Trade Analyzer feature, so the database has to stay static for a bit. If you are a Stage 5 trader and have an account, you would still be getting the Webinar invites/recordings, pop quizzes, etc.

FT71

Risk Disclaimer: Trading Futures 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
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  #298 (permalink)
 
FuturesTrader71's Avatar
 FuturesTrader71 
 
Posts: 391 since Feb 2012
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SeanKozak View Post
I would like to get as much feed back from traders who have experience with tick based and volume based charts. I have been trading time based charts successfully for over 6 years as I am a price action supply and demand trader.[....cut off]

Hi Sean,

I would like to suggest an idea: Figure out the time frame in which you trade the most. The volume on any product generally runs high on the open of its underlying issues and then dries up over lunch and then picks up again on the close. Hence, the volume is not linear in nature.

Your approach in the spreadsheet is making the assumption that the volume is consistent and so you are dividing it out evenly to get the Volume or Tick bar setting. Instead, consider just creating a session that shows only your most active periods of trading on any given day (say 9:30 to 12:15 ET and then again from 3 to 4 PM ET) and then base your analysis on that.

This way, you will get a higher Volume or Tick bar setting which will give you the detail you want in the morning and then the bar will take much longer to form when it is completely quiet (and probably shouldn't trade). Once you determine what that value is, then the last test is to put it on and see what is comfortable.

Trading is like driving a race car. There is a whole lot of prep and study before the race. But when it is time to race you have to be present and just execute. You can't set your race car's seat based on some numbers. You can get it close, but you have to eventually get in there and make some small tweaks and that is what I'm suggesting.

Good luck!
FT71

Risk Disclaimer: Trading Futures 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
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  #299 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
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Posts: 50,397 since Jun 2009
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I did find out what was wrong with the AMA from yesterday (audio setup). Apparently the USB hub I am using is real picky about the order in which powered devices are plugged in, and what happened is my (previously tested as working) headset+mic were not being recognized for the AMA and it was defaulting to the Surface Pro 2 mic which sounded like shit in this huge office I am in with concrete walls and tile floors. So hopefully all is well for next time.

Unfortunately the video problems (cropping on intro) are a different issue. I should have my second monitor (30") setup before the next webinar and have that solved.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Started this thread Reply With Quote
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  #300 (permalink)
 
FuturesTrader71's Avatar
 FuturesTrader71 
 
Posts: 391 since Feb 2012
Thanks Given: 174
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Big Mike View Post
I did find out what was wrong with the AMA from yesterday (audio setup). Apparently the USB hub I am using is real picky about the order in which powered devices are plugged in, and what happened is my (previously tested as working) headset+mic were not being recognized for the AMA and it was defaulting to the Surface Pro 2 mic which sounded like shit in this huge office I am in with concrete walls and tile floors. So hopefully all is well for next time.

Unfortunately the video problems (cropping on intro) are a different issue. I should have my second monitor (30") setup before the next webinar and have that solved.

Mike

We all know that you moved to Ecuador to live in a bunker and are running Webinars from there. It is cool. We don't judge.

Risk Disclaimer: Trading Futures 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
Follow me on Twitter Reply With Quote
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Last Updated on December 2, 2022


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