Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
AMA: FuturesTrader71 (FT71) / Morad Askar - Ask Me Anything
Just a note that registrations are now open for FT71's special webinar on Statistical Analysis as part of our 16 webinar events in June for our 4-year anniversary:
It is my pleasure to welcome Morad Askar (aka FuturesTrader71) for a special webinar as part of our 4-year anniversary ( on nexusfi.com (formerly BMT). The webinar will be on Tuesday, June 11th @ 4:30 PM Eastern US.
Hi FT71,
I wanted thank you for the great webminar yesterday. It got me to thinking about one of the other webminars I have seen you give on day type analysis. Was that done in Excel or from inside Investor/RT? I trade CL exclusively and would like to do a similar study to the one I saw you do for ES. If its in excel can you post an empty spreadsheet with the formulas as a template or maybe just a rough thought process flow that I could go through to create it? Thank you.
There will be a Live AMA session on Tuesday, July 9th @ 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
I'm aiming to change the fact that you have to go from 1 to 2 contracts to trade a product like the ES. We are pushing the exchange (met with the CME today, in fact) to introduce micro-Index products to help people start at 2 or more. It is definitely tougher trading in a binary way (either 1 contract on or off).
The best way to manage a 1-lot really is to use a fixed trade management scheme and to have an approach that gives you many signals during the trading session. There is no great way to trade it since you can't bank any profits to let the runner run in this situation.
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
Day-type analysis was done in Excel from bar data exported from IRT. I am unable to post the excel sheet because it is specific to that data and it contains some proprietary stuff in there that is reserved for Stage 5 traders.
It is not hard to create it though. Give it a crack and see where you end up.
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
False. I take trades that are based on a probability of some future thing happening. If the context is such that we are breaking away from value and are moving away (initiative moves), then I will go with that. But if the market is in balance, then I will trade to value on a choppy day.
In either case, I generally don't trade breakouts and am fading some time frame to capture another.
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
This is a question for Big Mike and FT71 that I have been wanting to ask for a while.
FT says he has a background as a scalper and still looks at shorter timeframes. Big Mike talks about how his smaller charts are 100K tick charts.
I would love it if you two would discuss what is different about your trading styles, and what is not.
In the areas where you diverge, how do you guys feel your styles fit personally, and in the areas where you find common ground, what do you agree are the most important and universal concepts for trading success?
Wow, a micro ES (any/all micro-Index products actually) would be an awesome way for beginners to to learn the trading craft. Certainly wish you success in your efforts. And I'm looking forward to funding my S5 account soon, Cheers!