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FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything (AMA)
Started:March 7th, 2013 (03:35 PM) by Big Mike Views / Replies:103,868 / 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 19th, 2015, 11:36 AM   #411 (permalink)
 Vendor: www.futurestrader71.com 
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Old February 19th, 2015, 03:06 PM   #412 (permalink)
Elite Member
Montreal, Quebec/Canada
 
Futures Experience: Intermediate
Platform: Ensign, IB, Sierra Chart, Ninjatrader, Multicharts
Favorite Futures: CL, Stocks, 6C
 
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When to use a runner?

I really appreciate you taking the time to answer these questions.

I have another.

Let's say I have a 65% win rate trading CL with 2 lots. I have an 8-tick scale and a 12-tick scale and a 15-tick stop.

On my winning trades I very often see much greater favorable excursion potential.

The question is: when does it become reasonable to use a runner?

I received the book "Coaching the Mental Game" today and was very pleased by the note.

Thanks again to both you and Mike.

Cheers,
Josh

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Old February 21st, 2015, 09:49 AM   #413 (permalink)
grappling dummy
Hawaii at the beach
 
Futures Experience: Intermediate
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Broker/Data: S5
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Ft71
Using the sports analogy and deliberate practice model.
Any drills a trader could isolate or work on to improve their trading? Like the batting cage, shootings dry fire, golf putting, punching mitts, shadow boxing, etc.
building that inuition and subconscious competence.


I heard you and Dionysous mention DOM reading at speed(I've yet to use the DOM, and will eventually).

Risk seems to be the largest issue for most people, retail or prop. Maybe the marble game 2-3x week. And. Or the market at speed in replay while identifing risk or looking for patterns?
Homework levels seem to be the other ...maybe HYPO1,2,3 multiple markets per day then check back. Relating price action to Hvns and Lvns.
Maybe a mental though process.


How would you structure such? Frequency? Intensity? Duration?
I am highly impressed by Stage5 commitment to helping their traders and am going to contact them this week because of it.

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Old February 21st, 2015, 03:07 PM   #414 (permalink)
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Futures Experience: Advanced
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hCVaEAL View Post
You talked today about error tracking being a big differentiator between retail and prop/pro traders. Can you give some examples of errors which when tracked can really help a retail trader like me (who doesn't track any errors and can only guess that you mean more than fat thumb errors)? Does the platform (stage5) help?

Thanks for the fantastic webinars!

Found the answer in an older FT71 webinar, The Holy Grail - Expectancy & Habits, where FT talks about errors and tracking more.

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Old February 26th, 2015, 11:28 PM   #415 (permalink)
Watch Your Risk
West Coast
 
Futures Experience: Advanced
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Treasury Roll

Futures Edge on FIO
Hi FT,

Looooong time twitter follower, I am having trouble with a standardized date (to use across the board) to roll Treasury futures because the pace of the roll is always different and for instance during this roll, some treasuries had a later or slower roll while others had an earlier or quicker one. The indexes are much easier with with the second Thursday of H,M,U and Z, unless I am missing something.

What day do you use?

Thanks,

Chris

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Old February 26th, 2015, 11:41 PM   #416 (permalink)
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this is how I roll....


bathrobe View Post
Hi FT,

Looooong time twitter follower, I am having trouble with a standardized date (to use across the board) to roll Treasury futures because the pace of the roll is always different and for instance during this roll, some treasuries had a later or slower roll while others had an earlier or quicker one. The indexes are much easier with with the second Thursday of H,M,U and Z, unless I am missing something.

What day do you use?

Thanks,

Chris

I roll with volume.

JD

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Old February 26th, 2015, 11:59 PM   #417 (permalink)
Watch Your Risk
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Devil Man View Post
I roll with volume.

JD

Thank you, I should have added I am trying to use a specific date so the data will be adjusted, this is a feature you have to build into continuous charts in TT, which is what I am asking for, it is built in to IQ Feed.

Thank you,

Chris

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Old February 27th, 2015, 03:36 AM   #418 (permalink)
in a meditative state...
Portugal
 
Futures Experience: Advanced
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bathrobe View Post
Hi FT,

Looooong time twitter follower, I am having trouble with a standardized date (to use across the board) to roll Treasury futures because the pace of the roll is always different and for instance during this roll, some treasuries had a later or slower roll while others had an earlier or quicker one. The indexes are much easier with with the second Thursday of H,M,U and Z, unless I am missing something.

What day do you use?

Thanks,

Chris

Just use the notice day which was yesterday.
During the day volume was still in March but by the end of the day June volume was basically identical to March.
Today June is at full throttle.

If I become half a percent smarter each year, I'll be a genius by the time I die
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Old March 14th, 2015, 02:34 PM   #419 (permalink)
in a meditative state...
Portugal
 
Futures Experience: Advanced
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Broker/Data: Stage5, OEC
Favorite Futures: Treasuries
 
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Hi @FuturesTrader71

One question regarding S5T datafeed, OEC.
You advertise that OEC is unfiltered but you continue to use IQFeed, like many of your clients.

If you offer an unfiltered datafeed, why continuing to use a paid one when both should be identical since they are unfiltered?
One might think that you not trust OEC.

Regards.

If I become half a percent smarter each year, I'll be a genius by the time I die
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Old March 14th, 2015, 05:40 PM   #420 (permalink)
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arnie View Post
Hi @FuturesTrader71

One question regarding S5T datafeed, OEC.
You advertise that OEC is unfiltered but you continue to use IQFeed, like many of your clients.

If you offer an unfiltered datafeed, why continuing to use a paid one when both should be identical since they are unfiltered?
One might think that you not trust OEC.

Regards.

I am not Morad, but there is more to a data feed than unfiltered data. For example, breadth tickers, historical data, continuous contracts, etc.

Mike

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