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FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything (AMA)
Started:March 7th, 2013 (03:35 PM) by Big Mike Views / Replies:103,788 / 509
Last Reply:November 29th, 2016 (02:49 PM) Attachments:19

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

Old February 5th, 2015, 01:29 PM   #381 (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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KahunaDog View Post

Big MIKE
can you post any books or related recommendations in the beginning section?

Is this to Big Mike or to me? Not sure how to do that.

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Old February 5th, 2015, 01:31 PM   #382 (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
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amoeba View Post
HI FT71, do you approach Volume Profiling differently for thinner/thicker markets, like CL vs ES, Thanks amoeba

The biggest difference in thinner markets (CL, GC, FDAX, TF, etc) is that the liquidity is low and so it runs through levels a lot. I simply account for that. It doesn't affect me much (except that I have to be faster in thinner markets) because I don't just put orders out there to get filled. I stalk and take the turn when I can.

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.


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Old February 5th, 2015, 01:32 PM   #383 (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: 48 given, 746 received



Joshua1984 View Post
Q: How does 1 contract trading differ from multiple contract trading in terms of difficulty?

It does make a big difference. I can tell you that I'm a terrible 1-lot trader. That is a fact. Trading multiple contracts creates more opportunities to manage risk or to campaign when a trade is running, etc. The issue with it is that futures are leveraged and most folks aren't capitalized well enough to run more than 1 contract comfortably (under reason to push for a Micro-ES product to compete with SPY but give u the advantages of futures trading).

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.


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Old February 5th, 2015, 01:34 PM   #384 (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: 48 given, 746 received


stockpapa View Post
What is a failure pattern? Example?

There are many basic failure patterns. A typical head and shoulder or M-pattern are failure patterns. I simply read them in the short term rather than on 60 min or daily charts.

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Old February 5th, 2015, 01:37 PM   #385 (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
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Futures Edge on FIO

Are you a NinjaTrader user?

 

mattguin View Post
Thanks very much for the webinar. Why renko bars rather then e.g. volume bars?

I flip back and forth between volume and Renko. I use volume bars instead of time bars because I want to see that the market is not moving if there is no volume in it. I don't get the next back "just 'cause". I use Renko more now because it gives me what I think is a cleaner read on the turns. Renko is only used for trigger charts. I use Renko candles with wicks.

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.


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Old February 5th, 2015, 01:45 PM   #386 (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
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canali1 View Post
How do you use Fi ext.

Fib extensions are mainly used when I have no volume profile data. They just provide measured move extensions and confluence in new territory.

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.


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Old February 5th, 2015, 01:50 PM   #387 (permalink)
Elite Member
Zürich
 
Futures Experience: Intermediate
Platform: Ninja Trader, IB, Stage 5, Investor RT
Broker/Data: Stage 5, Market Delta,Rithmic,IB
Favorite Futures: Futures, Stocks
 
Posts: 6 since Jun 2014
Thanks: 10 given, 0 received

IRT Stage 5

Hi FT71 and thank you.


That is what I thought.
How can I send you a private message ??

I am testing Stage 5 and IRT with Datafeeed from Market Delta (is that IQ feed).
Very nice with the MAE MFE to see how I am doing.
Is there a place where is is shown how to export/import in Excel and look at the different outcomes.

brattebakken

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Old February 5th, 2015, 01:55 PM   #388 (permalink)
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Manta, Ecuador
 
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brattebakken View Post
How can I send you a private message ??

Click his username to left of his post, then click send private message.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

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Old February 5th, 2015, 01:58 PM   #389 (permalink)
Elite Member
Zürich
 
Futures Experience: Intermediate
Platform: Ninja Trader, IB, Stage 5, Investor RT
Broker/Data: Stage 5, Market Delta,Rithmic,IB
Favorite Futures: Futures, Stocks
 
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Big Mike View Post
Click his username to left of his post, then click send private message.

Mike

thx Mike

brattebakken

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Old February 5th, 2015, 03:12 PM   #390 (permalink)
grappling dummy
Hawaii at the beach
 
Futures Experience: Intermediate
Platform: Ninjatrader, TOS
Broker/Data: S5
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FuturesTrader71 View Post
Is this to Big Mike or to me? Not sure how to do that.



This was an inquiry to you or BigMike on books you (ft71) recommend. On any trading related topic. Thank you for the AMA.

And specifically to Big Mike if he could consolidate your recommendations at the beginning of thread in the summary.

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