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  1. oraclewizard77

    Two Questions For Practicing Day Traders

    Here is something else I do for example for this week. Let's say you are profitable after M through Thursday. I will take off Friday and just maybe do practice trades on Friday. This is what is going to happen this week. Now if my trades did not work out today, I would try to trade on...
  2. oraclewizard77

    News Trading using Futures

    https://finance.yahoo.com/news/us-stocks-wall-st-falls-155206584.html We have some news that was causing downward pressure on stocks. You want to be able to look at a chart and see where you could go short or long. I normally will watch a chart for awhile, then take a break, then look at it...
  3. oraclewizard77

    Two Questions For Practicing Day Traders

    This is what I watch while day trading. https://www.youtube.com/shorts/U8I1ZXzJVKs
  4. oraclewizard77

    Two Questions For Practicing Day Traders

    https://www.youtube.com/shorts/gxO_sMo4TEY
  5. oraclewizard77

    Two Questions For Practicing Day Traders

    No, 1 min charts are noise. Don't trade them. Free advice.
  6. oraclewizard77

    News Trading using Futures

    So we can see from the following chart, oil shot up due to war between Israel and Hamas. I was looking to try to scalp some short profits on descending triangle and pull back due to low oil demand. Really 1st trade, we could have taken more profit. 2nd trade was to try to reach current goal...
  7. oraclewizard77

    News Trading using Futures

    2 oil stories. The 1st is oil dropping due to low gas demand. 2nd is war impact on oil prices.
  8. oraclewizard77

    Why do newbies lose?

    It's extremely hard to trade correctly because it is against human nature. You want to kill a profitable trade quickly since you want to lock in the profits before it possibly reverses and turns into a loss. You have a profitable trade but try for too much profit to make back your losses...
  9. oraclewizard77

    Back test your decision to use back testing

    Back testing for the most part is only useful in automated systems. Using PA, you can trade in real time at the hard right edge of the screen. I know I will take shit for the following statement, but many advanced traders can actually do what is called "always in" described in 100 pages deep...
  10. oraclewizard77

    Risk/Reward Ratio

    A win % of 55% or higher on EQUAL risk vs reward means you have an EDGE. If you have a win% lower, then you can still have an EDGE, but your reward must be higher or double.
  11. oraclewizard77

    Which books should you read if you want to learn trading?

    The Power of Positive Thinking Paperback – March 12, 2003 by Dr. Norman Vincent Peale (Author) 4.6 4.6 out of 5 stars 17,959 ratings 4.2 on Goodreads 105,883 ratings See all formats and editions Kindle $13.99 Read with Our Free App Audiobook $0.00...
  12. oraclewizard77

    Challenges as a Forex Trader

    If you have to ask this question, you should not be trading with real money.
  13. oraclewizard77

    I need career advice

    You have experience to put on your resume. You know multiple programing languages. Try Indeed or Monster. Pay someone to update your resume. Software engineer salary in Los Angeles, CA How much does a Software Engineer make in Los Angeles, CA? Average base salary $128,412 12% above national...
  14. oraclewizard77

    SMA is my favorite

    It can be useful for helping you to see what price is doing compared to a naked chart. However, just using it to go long or short is useless since by itself, it has only a 50% win rate, the same as flipping a coin.
  15. oraclewizard77

    What do you guys think about Nick Shawn and his little hedging strategy.

    Well, I don't think bucket shops have to pay real money on sim accounts. LOL. In real life, bucket shops create fake spikes to take out stop losses, so using a hedging strategy instead of hard stops might actually be better or you could not hedge and use a real broker.
  16. oraclewizard77

    What do you guys think about Nick Shawn and his little hedging strategy.

    1) Yes, previous support zones on higher time frames are powerful and should be places where you could go long, especially if overall trend is up. 2) So I would assume if price breaks below the zone, you would start to take the opposite position in another account to hedge your risk against...
  17. oraclewizard77

    How to avoid stop loss hits ? (100% success rate)

    Yes, I have a 100% success strategy for avoiding stop losses. Previously, I created the number 1 trading Forex System on C2 where it held that place for over a year. Now, please note that I do use stop losses for most trades but have them far out to not get hit by spikes. However, for some...
  18. oraclewizard77

    SEC Sues Coinbase, Alleges It Is Unregistered Broker-Dealer

    Got all my coins out just in time. Was transferring last night. Feel free to leave all your money in during bankruptcy, see where that gets you. LOL. That being said, I still see BTC going to $ 500,000 in the future and ETH going to $ 100,000
  19. oraclewizard77

    News Trading using Futures

    To be safe I did withdraw all my assets from Binance.US and send them to my wallet. It did take a little bit of time, but it worked. As far as I can tell you can still buy BTC from this company and then wait awhile and transfer to your wallet. I currently have BTC and ETH in my wallet. I...
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