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FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything (AMA)
Started:March 7th, 2013 (03:35 PM) by Big Mike Views / Replies:104,253 / 510
Last Reply:December 6th, 2016 (08:28 PM) Attachments:19

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

Old February 5th, 2015, 03:18 PM   #391 (permalink)
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Old February 6th, 2015, 01:09 PM   #392 (permalink)
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Initial Balance

Hi FT 71

In FDAX, when do you calculate IB from,
opening of the future trading or the cash that is starting one hour later ??

Thank you for your reply

brattebakken

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Old February 7th, 2015, 06:01 PM   #393 (permalink)
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Ft71
in a recent tweet you responded or commented on time.
You wrote something of the nature to "what does time have to do with it"

Can you comment in general on time?
time of day?
Do funds still have to get so many orders off? Then at the end of the day run for the fire exit?
things like that. How do they mask their orders?
They often create levels that are useful in volume profile.

Do they often occur at a certain time.
Does covering occur at a certain time?
I've noticed it does to a certain point. The exact time is not real specific, but give or take 5-15min. Then when price action shows it's intentions people unload their orders creating a cascading effect. Like an off set trade.

Any comments on the London traders affecting the NY open and their effect at NY lunch. ?

thank you for your time.

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Old February 10th, 2015, 04:06 AM   #394 (permalink)
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Hi @FuturesTrader71

What are your thoughts regarding the CME closing all the pits except the S&P?
Sooner or later also the S&P pit will be closed so how would you think that one should now look at the pit session since there will be none?
For instance, the treasuries pit session begin at 7:20CT and end at 14:00CT. Maybe this time period will continue after the pit closes has being the day session period but chart wise, do you think that it will make sense to continue looking at the market by session, RTH vs ETH? Or since the market will be 100% electronic volume (in a way it is already) will not "wait" for the pit to open and may start acting at any time now?

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Old February 16th, 2015, 11:21 AM   #395 (permalink)
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Futures Edge on FIO
What is your opinion on exiting a trade after X-mins when it has gone nowhere?

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Old February 16th, 2015, 04:25 PM   #396 (permalink)
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Mental capital

FT 71,

Listening to one of your webinars for the 5th time, and you made the comment that most traders are low on mental capital and that your job as a prop trading firm owner was to help your traders gain on their emotional capital ( 4:98 - risk, scaling, probabilities, and trade management).

Would you be able to share some specific steps on how to increase one's mental capital that can be recommended to us traders here on futures.io (formerly BMT)? Considering that the majority of us don't have access to the environment of a prop firm such as yours. I think traders on futures.io (formerly BMT) would find it invaluable to hear that... Or my wish list would be a webinar on the topic.

Thanks for your consideration,

Yukoner

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Old February 17th, 2015, 07:45 AM   #397 (permalink)
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My Humble Opinion


Joshua1984 View Post
What is your opinion on exiting a trade after X-mins when it has gone nowhere?

I am no expert! However, I would agree with you, once in the trade, and it’s going nowhere, exit the trade – something’s wrong!

I remember listening to one of “LBR” webinars, where she echoes similar advice. Once you have entered a trade, if your entry is correct, it should start to move in your direction immediately. Linda likes to refer to… “Try to feel the market’s pulse” and move accordingly. No pulse, “GET OUT”!

My humble opinion, of course!

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Old February 17th, 2015, 08:43 AM   #398 (permalink)
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higher resolution

Does a higher resolution version of this recording exist?

. I can only select 480p as maximum which is too low to see the details of the charts in this recording.

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Old February 17th, 2015, 06:27 PM   #399 (permalink)
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brattebakken View Post
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

Bratte,

If you are using the S5 Trader with IRT, then your feed is coming in through MD Trader (an adapter) direct from our servers. Your historical data is coming from DTNMA (IQFeed with no real time data). It is an effective combo for the cost-conscious trader.

You can export your results to Excel by hitting the Export button the Daily tab to save to CSV. We have a template to import the data into. Soon, all of this will be online and automated. We try to eat our meals one bite at a time.

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 17th, 2015, 06:29 PM   #400 (permalink)
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brattebakken View Post
Hi FT 71

In FDAX, when do you calculate IB from,
opening of the future trading or the cash that is starting one hour later ??

Thank you for your reply

brattebakken

For FDAX, the session starts at 7 AM GMT but the cash market doesn't start until 8 AM GMT. This is an unfortunate change that Eurex made back in 2006 or so. For that reason, you have to use 120 mins for the IB for the FDAX. The alternative is that you create a custom session in IRT that starts at 8 AM GMT and just use a 60 min IB. I use the former method.

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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