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  1. oraclewizard77

    Study buddy for Al Brooks books

    Maybe you are stupid, I found his 1st book easy to read. It had many good points if you already know how to trade Price Action. How hard is it to visual a barb wire pattern and not trade it. He had charts, how hard is it to look at a chart and know what to trade? What the market does to...
  2. oraclewizard77

    Should we ignore loss in Forex Trading?

    1) Create a system for example mine has a 65% win rate in Forex. Determine your win%. For example, even if you make a system that has 90% win rate, you will lose 10% of the time, there is no reason to investigate losses once you have a real system. 2) Have a job, my system is one of the best...
  3. oraclewizard77

    How do you like trading this volatility?

    Not well till this week when I reread my rules of trading and been much more careful of my entries. My problem really is in the charts I trade it was so hard to see a small movement, let's say half the size of my finger before is 2 points, and now on same chart it's like 20 points. But I am...
  4. oraclewizard77

    ES Journal - 2021/2022

    Only issue, possible nuclear war will prevent u from spending your money.
  5. oraclewizard77

    They say teaching is the best way to master your craft

    Not true. You just have to spend the time to look. Instead of opening new threads on how do I trade, why not search through ET for the some of the systems that have already been explained on over 400 pages. Or just buy some trading books. Do you think a Doctor just goes to some medical forum...
  6. oraclewizard77

    OK guys, I'm calling the next big thing right here...

    You schooled him ! LOL!
  7. oraclewizard77

    tips for become a good trader?

    Have a job, trade at night.
  8. oraclewizard77

    Will Russia invade Ukraine

    This poll should teach you something, when you see tanks moving into a country, it's the same as Price moving up. However, only 33% of you can trade.
  9. oraclewizard77

    Define “Edge”

    Having some understanding of geopolitical events impact price, but using PA to time entries. Also, many news events are already baked into the price so in theory you could go just with PA but in practice it's helpful to combine both for longer targeted profit targets.
  10. oraclewizard77

    News Trading using Futures

    I rather watch this on you tube.
  11. oraclewizard77

    News Trading using Futures

    What one needs to be careful of in any market not just CL since this occurs in Forex all the time is a spike down before price travels to your upside target. You can't have too tight of a stop in trading, you need leave room for price to breath. Also, you would not want to enter short breakout...
  12. oraclewizard77

    What happened today and what will happen tomorrow?

    https://www.marketwatch.com/story/trading-single-stock-narrow-index-futures
  13. oraclewizard77

    What happened today and what will happen tomorrow?

    There are no gaps, futures are 24/7.
  14. oraclewizard77

    When do I become enlightened in terms of price action trading?

    I did read Dr Brooks first book. Out of the entire book, I found 2 concepts that help me with my trading. I will mention one of them. This is his famous bard wire pattern. If you see this, you want to sit on your hands and not trade. The market is moving the sideways, your edge is you...
  15. oraclewizard77

    If Technical Analysis doesn’t work, how do you define a bull market?

    Very true. "Inertia", a property of matter by which it continues in its existing state of rest or uniform motion in a straight line, unless that state is changed by an external force. Also, if you are day trading, you can also look at speed. Most people talk about price or volume, but very few...
  16. oraclewizard77

    If Technical Analysis doesn’t work, how do you define a bull market?

    I would try to make around $ 400 and then leave. If I lose after starting, I would quit if I am down around $ 100. I don't live in Las Vegas so I don't gamble much. I found that I if I work overtime at my job, I make good money plus they have extra things that I can do that they don't tax me...
  17. oraclewizard77

    If Technical Analysis doesn’t work, how do you define a bull market?

    I would disagree. An edge is the ability to identify or program a profitable trade setup where over time it achieves a 55% or higher win ratio. This can be pattern recognition of price action for chart reading, or even understanding how to correctly use certain technical indicators to...
  18. oraclewizard77

    If Technical Analysis doesn’t work, how do you define a bull market?

    Think of price movement as waves in the ocean. While the wave is coming to shore, it could be defined as a bearish wave, a bullish wave, a range wave, or a random wave. When you watch the wave come to shore, it will take a certain amount of time to complete it's journey to the shore. During...
  19. oraclewizard77

    Creating a backup usb install for Windows 10 upgrade

    We learned doing this that my standard mic sucks ass, so I ordered a $ 29 mic from Amazon so hopefully my next video will have better sound quality.
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