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The solid questions and answers in this webinar came together nicely - I feel it is one of the more succinct FT webinars, maybe that is just part of having listened to a couple weeks of Trader Bites. Appreciated the touches on his trading method and psychology. I thought it would be much longer given the use of the word extended, but not a problem, plenty to think about, glad it is archived.
I will be attempting to focus on the four questions to ask as part of my daily routine as well as looking more closely at the 15 and maybe 60 minute charts over the last week or so. Also, nice presentation of volume profile as just a tool like candlesticks or bars, but with the advantage of knowing where value is most likely at, i.e. not with the outliers.
Another great webinar,and as always I learned something new.
@FuturesTrader71, the statistic you mentioned regarding the market entering the value area, staying there for 2 periods, then testing the other side of value : Does that stat apply to any market, or just the ES ?
Also, the scalping idea -- a new low which forms a zipper, then breaks higher : is it equally viable when a new high forms a zipper and breaks lower ?
I have been asked that so many times. Among others, these are my reasons:
Taking a book will require more time and focus than I can give it at the moment. I refuse to put anything out there that isn't exceptional.
The market is a constantly evolving process. I don't see books as a good medium for trading. Trading is more like software development but not as fast. By the time someone gets it, I will have changed a lot to accommodate an ever-changing market.
I didn't come on the scene online to produce stuff. I share what I can and when I can as time goes on. Putting a book under my belt will feel more like an accolade than a real service to traders.
Hope that helps!
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
I was listening to your 2nd "Chat With Traders" (published on July 24, 2016). You mentioned that since Stage 5 was now up and running that you were working on a substantial course that takes someone who is coming into futures (or trading in general) and carries them through the process of understanding all of the important pieces to actually come out as a professional trader on the other side. You said your goal now is to take those who want to pursue this and provide a standard process for coming out the other end, almost like someone who has a degree or something -- there is a minimum amount of knowledge that they should have.
I'm wanting to know how that is coming along and how someone "who wants to pursue this" can.