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FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything (AMA)
Started:March 7th, 2013 (03:35 PM) by Big Mike Views / Replies:104,278 / 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 9th, 2014, 11:34 AM   #321 (permalink)
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Tip


There will be a Live AMA session on Tuesday, May 13th @ 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

The link for the event is:
https://www3.gotomeeting.com/register/951444062




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)
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Old May 13th, 2014, 12:49 PM   #322 (permalink)
Site Administrator
Manta, Ecuador
 
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Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,561 since Jun 2009
Thanks: 28,888 given, 80,225 received

AMA room 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
     

Old May 13th, 2014, 03:25 PM   #323 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,561 since Jun 2009
Thanks: 28,888 given, 80,225 received


AMA recording:



Thanks to FT71 as always for his time. If you did not get your questions answered you can post them here and FT will do his best to answer.

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 8 users say Thank You to Big Mike for this post:
     

Old May 14th, 2014, 06:48 AM   #324 (permalink)
Elite Member
san diego CA/USA
 
Futures Experience: Beginner
Platform: SC, TOS
Favorite Futures: ES, CL
 
Posts: 35 since Aug 2013
Thanks: 24 given, 12 received

FIFO and LIFO

hi FT
you mentioned you scalp around your entries in a recent webinar and I assume you use first in first out (FIFO) setting. Is there a place in your strategy to use last in first out (LIFO) or some combination in your trading?

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Old June 2nd, 2014, 11:58 AM   #325 (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: 45,561 since Jun 2009
Thanks: 28,888 given, 80,225 received

Futures Edge on FIO

Are you a NinjaTrader user?

 
Morad is presenting a fantastic webinar tomorrow on the Impact and Performance of Professional Trading Environments.

June 3rd, at 4:30 pm eastern US. You can find more info here:

https://futures.io/elite-circle/31884-webinar-futurestrader71-impact-performance-pro-trading-environment.html

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 7 users say Thank You to Big Mike for this post:
     

Old June 3rd, 2014, 08:10 PM   #326 (permalink)
Elite Member
Britton, Michigan
 
Futures Experience: Intermediate
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Favorite Futures: ES
 
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Posts: 64 since May 2011
Thanks: 207 given, 21 received

Big Mike,
Thank you for the work you do in making a great website and getting great speakers. And thank you for your continued generosity in doing things like giving away books.
Gregg

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Old August 18th, 2014, 12:22 PM   #327 (permalink)
Market Wizard
Austin, TX
 
Futures Experience: Intermediate
Platform: F-16CM-50
Favorite Futures: JDAM
 
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Posts: 5,468 since Sep 2013
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@FuturesTrader71

What is OTF?

Answered my own question from your website glossary:

OTF - Other Time Frame [Buyer or Seller]

This describes all participants with a time frame that is greater than the one you are in. Major trending or vertical moves are completed by larger participants who are using a greater time frame than the one you are looking at. When the OTF participates, it generally takes many prices and a lot of volume transacted to complete an order. Funds, swing investors, governments and financial institutions in general are operating at the OTF level. They are recognized when we move from “horizontal development” to “vertical development”. They are also recognized using the opening swing, initial balance and other indications.

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Old August 20th, 2014, 03:02 AM   #328 (permalink)
Elite Member
San Francisco, CA, USA
 
Futures Experience: Intermediate
Platform: TD Ameritrade, NinjaTrader, TradeStation
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES, CL, 6E
 
Broman's Avatar
 
Posts: 9 since Aug 2014
Thanks: 6 given, 5 received

What indicator is this?

Hi guys,

I watched your video and found it very interesting. Thank you all for your time doing that. I saw an idicator that was interesting. What is the name of this one attached? I hadn't seen it before. Hoping thats something I can put together on my Ninjatrader charts. I'd like to observe it for a while.

Cheers!

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

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Old August 20th, 2014, 03:44 PM   #329 (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
 
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Thanks: 49 given, 746 received


Broman View Post
Hi guys,

I watched your video and found it very interesting. Thank you all for your time doing that. I saw an idicator that was interesting. What is the name of this one attached? I hadn't seen it before. Hoping thats something I can put together on my Ninjatrader charts. I'd like to observe it for a while.

Cheers!

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

This is the Volume Breakdown Indicator on IRT. It is the volume delta in the form of green and red candlesticks. The grey bars are volume delta momentum bars. If you don't know what IRT is, let me know.

Risk Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and 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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Old August 20th, 2014, 03:46 PM   #330 (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
 
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Posts: 229 since Feb 2012
Thanks: 49 given, 746 received



contrails View Post
hi FT
you mentioned you scalp around your entries in a recent webinar and I assume you use first in first out (FIFO) setting. Is there a place in your strategy to use last in first out (LIFO) or some combination in your trading?

Hi Contrails,

I don't think of it as FIFO or LIFO. I'm using the S5 Trade Analyzer to manage my theoretical average. I don't care which contracts go in or out first. I just need to know where my true "scratch" price is on this trade as I trade around the position.

Hope that helps.

Risk Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and 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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