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  1. oraclewizard77

    Are you sick of technical analysis? I am...

    Why do you think that I what I see can be programmed? I know many traders that make money with greater than 50% win ratio. Some problems are that the strategy is not scalable. Just because you can not achieve a 65% win ratio does not mean there are many traders that can and do. My goal...
  2. oraclewizard77

    Vote in Poll Is the rally now over?

    No, the trend lines are not questionable. The problem you have is that you have not discovered a method to read them correctly the same way every time. It does not matter if someone else reads them a different way. What matters is if you can begin to read them in the correct way. How...
  3. oraclewizard77

    Are you sick of technical analysis? I am...

    The problem is people want a 100% holy grail. If I look at a chart, I have a greater than 50% probability of knowing where price will travel. If I include my indicators, that increases to 65%. So I could call out a trade right now and be wrong, and then you would get a bunch of people...
  4. oraclewizard77

    Ratigan nails how "dark pools" rip off traders: Dark pool trading = 10% of volume

    "At an industry conference on market structure in May, a panel on market centers broached the subject of "flash" orders and almost ended in fisticuffs. In one corner was defending champion William O'Brien, CEO of Direct Edge. In the other was Larry Leibowitz, his hot-under-the-collar opponent...
  5. oraclewizard77

    Ratigan nails how "dark pools" rip off traders: Dark pool trading = 10% of volume

    What don't you understand? 1) If GS pays say NASDAQ to co-locate their server next to the the NASDAQ servers, they have less latency. 2) If GS pays to see orders before everyone else, it is front running. 3) If GS is front running orders, it costs other traders who place market orders...
  6. oraclewizard77

    Dividens now rather than later

    Sell the in the money put. The put already has the dividend built into its price.
  7. oraclewizard77

    The Smartest Thing China Could Do Right Now: Invest US$ 200 Billion in Brazil.

    What's funny is that the op wants other countries to invest in Brazil, while trying to get the government to take over their companies like PBR which would mean stealing all of the money from the public shareholders. You can't have it both ways. Either keep all companies private, or don't...
  8. oraclewizard77

    The Actual Grail

    I thought you mentioned that you sell premium in an earlier post. Do you sell naked options with a stop based on the grail trades or not? I was thinking about trying that with real money based on grail setups. Also, if you do sell options, how far off do you have them set for expiration?
  9. oraclewizard77

    Nesting Fractals

    Please note that the complain button does work, and is the best way to get quick notice by myself if someone tries to upset this thread. I deleted the rude post that was complained about. Now I just need the power to delete my past bad trades. :-)
  10. oraclewizard77

    NoDoji's Day Trading Log

    Yes, you are right, that 2nd trade really should have just let it go to target no scale in or out since I got in at the best price anyway.
  11. oraclewizard77

    NoDoji's Day Trading Log

    Good day real money better than yesterday all my own signals, and I got in on that LOD trade with perfect entry that you mentioned, but did not let the winner run, I guess the problem being, I should have done more contracts to be able to scale out on this trade. I had some good...
  12. oraclewizard77

    NoDoji's Day Trading Log

    Also, NoDoji, if you have any problems on this thread please let me know. I will do my best to keep it clean for you.
  13. oraclewizard77

    NoDoji's Day Trading Log

    Hope you made money today NoDoji. I woke up earlier to trade, and did well and made good profit today. I have decided to take the rest of the day off. I currently have a max win besides my max loss. Since I got close to my max win real money. I decided not to push it. Also, it looks like...
  14. oraclewizard77

    The market is random

    Let's say right now I give you $ 100 and tell you you can keep the $ 100 or risk losing the $ 100 that you already have plus another $ 50 of your own money or try for $ 150.00 A normal person would keep the $ 100, a profitable trader with an edge would risk losing the $ 100 plus $ 50 on top...
  15. oraclewizard77

    NoDoji's Day Trading Log

    I think wider stops are better to be able to let your winners run. One of traders who I used to trade with who was an Admin here named Chaos used 10 point stops and went for 5 to 10 points of profit per trade. However, he was doing price reading and watching time and sales, and would kill a...
  16. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I thought market was going to fall based on yesterday giving a bearish signal. Thankfully, only traded short sim today, made real money on Tue. I think those that post their calls in this room have strong balls of steel. I personally don't like getting negative comments or pm's if I make a...
  17. oraclewizard77

    You have been offered a GIFT!

    These are the gifts that can make you money until you get that margin call. I am sure that if I had no stop loss on any of my trades, I would have a 90% win ratio or higher too, however, a really bad wrong call will margin you out.
  18. oraclewizard77

    Indicators are liars! Support and Resistance Trading for the S&P emini

    I think the difference is knowing when your indicators are not working. I saw one of my indicators today was not working, but still made money from reading the chart based on my general strategy.
  19. oraclewizard77

    Bears getting raped and slaughtered!

    See this is smart post. Now if we know its manipulated, then its not random. If its not random, can we use TA to determine when to get long during a manipulated day, its seems we can. So knowing its manipulation leads to determining how we can see it, leads to profit. Of course, there are...
  20. oraclewizard77

    Please post good technical setups here

    No one is going to tell you how to trade. However, I was trading with some traders today, some made more than me, but all of us made money. We used TA, not standard TA, had about 5 trades, no losing trades, one trader made over $ 1,200 for the day real money. All setups had no ambiguity...
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