Trading market profile & volume profile w/ Futures Trader 71
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- Опубліковано 21 бер 2016
- EP 037: Understanding areas of acceptance, thinking in probabilities & creating a legacy w/ FuturesTrader71
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Morad’s commentary at the end about giving back makes such a beautiful ending to an amazing interview. Wish nothing but the best for him and Aaron
As an experienced trader, I have to admit that this interview is packed with value. If you don’t understand something here, research it and apply it in a simulated setting. You won’t truly understand the value at first, but as you continue digging away at it you will see why this interview is so valuable.
I'm just by the half and I honestly believe that what it's spoken in this interview is pure gold, I have seen other of your shows but this one is on its own league I think. Thanks for the awesome work! keep it up!
I have seen about 30 episodes and this was THE BEST ONE yet.... great interview!!!!
FuturesTrader71 dropped some real jewels in this episode. I LOVE IT!!!!!
what interview are you talking about? can you link it for me please?
He is pure gold
This guy understands trading on a much deeper level beyond $$$
+Paul Rajasansi no doubt, FT is very well spoken and calculated with his answers.
No matter how many times I come back, the lessons offered in your podcasts are timeless! One of the best trading podcasts to stumble upon!
Listened to over 30 of these, id have to say I took the most out this one. PURE GOLD. Great job Aaron
This is probably the best conversation I have ever heard on trading, some of the tips here are priceless !! It actually helped me quiet a lot, thank you very much !!
Really very good episode, for me is the best episode I've listened till now... and I don't find the words to express my thanks to you, Aaron, to bring us these professionals to learn from their experience. Thank you so much.
Great interpretation of key differences between TPO's and VA's. Second time i heard this interview, both at different points of my development. Interesting how it resonates now with more understanding and experience. Trading is one of the most difficult and satisfying journeys i have ever experienced.
Listened to this interview a good few times. There's always something more in there. Love the description of the auction market. Really breaks it down.
This is a gem.... Thank you Aaron and FT71 for the open discussion.
BY FAR ONE OF THE BEST INTERVIEW YET A+ TO FUTURES TRADER 71 AND THANK YOU. CHEERS
This will go down as one of my favorite episodes.
Wow, one of the most valuables chapters you have. Thanks bro!
The best trader interview I have ever listened to.
Awesome conversation. Love listening to FT71. His morning show that he airs live on UA-cam every day is super helpful.
Thank you very much for the value of this GREAT AUDIO.
Wow! I'm in love with this guy.
An absolute inspiration!
Thank you Aaron and FT71 for this great webinar!
+Ann Marie, you're welcome! If you get a chance, listen to my second interview with FT71 here: ua-cam.com/video/woT6d7xUtOs/v-deo.html
The BEST interview!
This guy knows he's stuff man. Love it all however the the bits about risk and account management. Thank you so much :)
wow this is the most amazing of interviews. Just blown away. Definitely gonna have to listen to this a couple 10 more times. Thanks Aaron! Thank you Morad.
Awesome Awesome Stuff. "Most traders are Mentally unable to change who they are as a person before they are able to pull money out of the market" Wow that's a power statement!.. Great Video no fluff
+SmallTime Trading, awesome to hear you liked it man!
This interview was fantastic! Many thanks both of you!
+Denise F, many thanks!
one of my fav episodes. so much awesome info on Volume.
Very interesting video on market profile. I am beginning to understand this now
I loved this chat & the way this speaker thinks. Great interview!
All these interviews are valuable
Great interview and very helpful information. Thank you!
+Resheen Cooper really good to hear this was helpful - thanks for listening Resheen.
Very powerful thoughts !!Thanks
Thid is the best n most in depth interview so far. Good questions n good answers for both the interviewee n interviewer n that guys who asks about giving back to society.
This is an excellent episode!
Fantastic interview! Thanks so much!
This is gold, Aaron
Keep up the good work
What an awesome interview. I like it the best .
An excellent video with some really insightful information
If I had seen this video just a month ago, I would have ignored it. But I'm just now getting into tick charts, futures, and volume profiles. The timing was perfect. It answered a lot of questions I had about the nature of volume. I will say that having that environment in the beginning proving success was possible was likely huge. I've dabbled in sports betting and dfs and I noticed that the "experts" were more interested in selling picks and classes than actually betting. Kind of tipped me off that consistent success was improbable. But seeing actual traders making livings, and not by throwing high leverage Hail Mary bets and crossing their fingers, gives me hope that it just has to be understood.
Really will help me look for new parameters to taking a trade. Love the explanation of overnight session and the probability of it getting hit being an edge @ 54:00
Many many thanks to aaron for these great interviews. Watched both the episodes of futurestrader71 and loved the Qs and answers. Keep it going aaron, we want 500+ episodes ;)
+Arjun Shinde, I'm getting there! Almost at episode 100... hah
Meditation and affirmations are a must. Good interview
Wow! I think for everyone who has been using the volume profile , understands completely or close to what he means.
I know I’m using it properly and understanding it correctly just through his experiences !
Found it. Yay!!! Thank you Aaron!!!! I love you : ).
Love the interviews man!
Holy smokes. Great job Aaron. This has been my favourite interview of yours so far. FT is a special guy.
+Brendon Williams, much appreciated man. I've since recorded a second interview with FT also, it should be online within the next few weeks.
This guy is solid and inspirational
Great Podcast.
Great
Technical
1. Learning Process
2. View of the Market
I love your show so much... this is what the future is and we are in it..
Best interview til date...
one of my favorites!
At the end of this episode this guy nailed with you Aaron . You are giving back . Great job with all your podcasts .
this is how I trade so I know everything he is talking about I also use cumulative delta and footprint I have moved away from DOM and I use Vwap but order flow is only 5% people need to understand context of the market auction market theory and value like he is talking about
Fascinating. Loved it. May have to break down and join "The Twitter", and follow him. I wonder if he still meditates. I personally think it can help, no matter what your profession, but especially something like trading.
LOVE THIS!
Reasonable idea, to loop up in history how often some situation F ends, on average. Thats an estimation of unconditional probability. Then you suddenly realize that factor A might influence F, and you add a filter to your historical query that A should also be in certain range - and viola, you get another number. That's now a conditional probability. Does it describe outcome better? Most likely. But then you realize there are factors B and C and D that might also be of influence. That's how your machine learning journey begins )
I got to admit... after switching to futures and options... you dont want to go back to Stock world. This was such an invaluable interview and this guy seems very legit. I know scumbags and scammers.... this dude doesn't seem like one.
Nice words about the real life trading.
A1 info 👌 muy bueno
Chat with traders episode number...
Invaluable ressource
Cannot thank you enough for this 😘
About 5min candles vs. 7 min candles, it's just about signal/noise ratio. The longer the time frame the better the signal. A 15min candle closing above a certain level is more significant than a 5min, but also slower.
Was Futures 71 scalping the S&P back in the day? or was it a thinner market?
The best analogies ever. Great explanations. Good teacher. I enjoyed this interview. Also, I totally I agree with him about traders doing nothing of value to society (my words). It's good to give back (money to church), and let them help the needy.
+tcat92 absolutely, I second the great explanations part. I'll be having FT on the podcast again soon, so keep an eye out for that one ;)
Time still represents volume. You're just eliminating the guess work and intuitions that go into volume and price action on a time chart.
But if you can intuit the volume weighted price from a candle pattern...then it will work.
Love it.
+Kenneth Ma great, I'm glad!
Bam! good stguff guys!
Simply an amazing interview. As a struggling futures trader Morad gave me SO MANY points on what it takes to succeed in this game and how to do it (I've started experimenting with volume profile so this interview was perfect for me). And a big thanks to Aaron for making this happen :)
market profile + vwap for the win
Great info, top man, both of ya!
+goodjoeblack good one, much appreciated.
Inspired.
This was so awesome! I can't find the room he's talking about... I really want it!
Pam it’s named Convergent Trading
Yo keep all this gold up man .
Please get one of the SOES bandits on, preferably Jeff Citron
the ONLY reason i use a TPO chart still is because i use the periods as 30m candles/bars. otherwise i only look at the VBP on it
bravo.
@43:00 larger timeframe trading using VP
Where can we contact future trader Aaron?
where's this dudes youtube channel links?
His biggest warning against having to play big with futures has been addressed. In 2019 they came out with micro contacts for futures, which are 1/10th the size of minis. And with new brokers fighting to have miniscule fees per trade (Tradovate and Ninjatrader are less than a dollar), it's a good time to start getting into futures where before it was impossible.
@Kool Krytpo Keeper But the initial margin right now for ES is around 13,000. Whereas micros let new traders get in for only 1,300.
39:59 discover value? What does he mean by value? What would be another word to use?
@46:00 composite profile
Wow!
Omg wait for the market to tell you want it wants. Sage words there. Same with buying when you feel like selling
What's the me of that team he used to trade with when he was a nooby? I can't catch it..
It's interesting the different reasons that people initially get into trading. Personally, tremendous earning potential on a single trade means little to me compared to the freedom, independence and mobility. That shouldn't suggest I don't want lots of money (I love nice clothes and travel. You don't get into this kind of business if you don't want to treat yourself to the best at least periodically), but being the best or getting a bunch in a short period mean a lot less. I couldn't stand working in a large room like that with people screaming XD
GOOD ONE ! Mr FIFIELD...
+Tony Parker thanks man.
Do one with wickdontlie or silenceinthechart
Pure alpha
I have listened FT's webinars multiple times, he is a great trader! About risk in trading futures he mentioned in this podcast, there is actually one option for beginners which is CFD, one unit of S&P CFD is 1/50 size of S&P Emini contract, excellent training tool for Emini-trader wannabes.
+Dian Guang that's a good point you make, although CFDs aren't available to everyone.
❤️
what's the difference between the volume profile and vwap ?
Volume profile is historic and therefore static where as vwap is dynamic as it develops during the day.
easy thanks mister
easy or sister
Trading IS Easy
'Is it any difference to the merchant you purchase milk at 8:32am or 9:02am? No it does not matter. You are still buy milk and at a certain price.' @43
1:05:18 to 1:07:10
2023
@30:00 tight range breaks
1:20:00
Your skills are your edge and your edge consists of setups that you frequently trade to make a buck :)
Likely to be the best interview.
Just i dont like limiting the potentiality. When saying that you have to have 25K just to start.
Well, i am happy to tell you that some ppl did it starting from 500 USD. Yup, With work, not with luck.
Can we do it ? Maybe. But i like to have a hope. If someone has 25k then he is already rich in my stantards 😄
It depends on which country you live.. in US 25k is 1year salary to average person while on other countries it's equivalent to 5years salary... So just do the ratio if you where from other country to set your own minimum capital.. hope it helps.