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AMA: FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything
Below are the results of the last poll where I asked which broker and data feed you used. I hope I didn't forget to list any, because I did forget to list the "Other" option after the poll crashed the first time I set it up!
It is my pleasure to welcome Morad Askar (aka FuturesTrader71) for a special webinar as part of our 4-year anniversary ( on nexusfi.com (formerly BMT). The webinar will be on Tuesday, June 11th @ 4:30 PM Eastern US.
In a few of your webinars you have discussed the overnight high and lows. I believe that you gave a statistic that 95% of the time if say the high is hit it will not hit the low. Or the other way around. But I have noticed in the NQ we have hit both a few times in the day session over the last few weeks. What does it say about the market if it takes out both in the day session?
My initial thought is range bound activity. That if it hits both then it is like a ping pong ball that is bouncing from one extreme to the next. Am I correct or what is your take?
The absolutely minimum, in my opinion, is 50 trades. You can start tweaking your trade management and/or plan after 50 trades or so. Your ability to tweak efficiently will depend on how consistently you took and managed the trades.
If you want this to be really useful, post your Trade Analyzer results or trade results here and we can go over them for everyone's benefit.
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
The stat is as follows: 96% of 1400 days sampled in ES, the day session touched or broke the overnight high OR low. 27% of the time, it touched or broke both.
If NQ is consistently taking out both sides, I would think that the NQ either doesn't track the Asian/European indices as well as the ES does so it doesn't get much range overnight and is therefore easily broken or that the components of the NQ are really not active at all during Globex on other markets.
As always, past performance is not indicative of future results on those stats.
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
