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  1. oraclewizard77

    Is this what trading is like?

    I have a degree in Econ and I have traded Forex. Also, there are many traders like yourself that analyze news events to determine price direction. I think it's useful and I do use news events sometimes as a bias to confirm trend. That being said, you asked what is trading? For me, it means...
  2. oraclewizard77

    Can you just keep rolling out losing positions endlessly?

    Not sure what this would be called but I will explain how you could make money. Say a stock's price is going down. You sell out of the money puts and at the same time buy in the money puts. If the stock continues to fall you would make money till the price of the stock equals the value of the...
  3. oraclewizard77

    Weird picture, usually volume occurs at turning points

    I would say that once vol went down, then price is bottoming. Then you would wait for price action to confirm that it's safe to go long. However, you really don't need vol to trade. After a big selloff you get sideways action, then price will start to trend higher. So all you really need is...
  4. oraclewizard77

    Why the Rich are getting Richer? TEDx

    I will explain in a simple way for some of you to understand how to use other people's money. 1) I previously created a system. I allowed other people to trade it. After paying some money to the website that advertised my system, I still made over $ 10,000 from subscribers alone. This does...
  5. oraclewizard77

    Why the Rich are getting Richer? TEDx

    You want to know why Amazon is doing better. I need some thermal paste for my computer work. I contact Best Buy, no local stores have it. It's listed on Staples website, I drive to their store, they don't have it. I go to Amazon's website, I resign up for a month of Amazon Prime, it's fine...
  6. oraclewizard77

    Best real time newsfeed

    Those that say you can't trade on the news because of algo's are dead wrong. You can have a news story, and the market goes up for 5 min then goes right back down even harder. If an algo was long they get crushed. The point of getting news is for trend bias. After that you need to use PA and...
  7. oraclewizard77

    Fibonacci levels for intraday trading

    Fibonacci retracement can work better if you are trading Intraday and use the lower levels of say future contracts. Even if say the trade does not work out, then you have a better stop placement than the higher levels.
  8. oraclewizard77

    ES Journal - 2021/2022

    I am the Wind in the Desert I am the Sound in the Ocean I am the Ice in the Mountains I am the Demon in the Night No more Laughter in the Sunshine No more Whispers in the Crowd No more Rainbows in the Storm No more Kisses in the Night Confront me in the Shadows Shout at me in...
  9. oraclewizard77

    Tesla CEO Elon Musk is reportedly under SEC investigation over Dogecoin tweets

    If he unloaded stock after the tweet, then that would have been a crime. And if you really did a crime, you would be in jail. The problem also for the SEC is Musk has the ability to pay for better lawyers. The top people at Enron, did go to jail.
  10. oraclewizard77

    An very detailed overview of trading psychology worth the read

    You want to have multiple streams of income so that unless you are already a successful trader, you are ALWAYS making money. This can be from a job, a gig, part time work, whatever. This way, when you do trade it will not be such a negative to have a losing day since you already made money...
  11. oraclewizard77

    How to control ourself when we lose money?

    If I lost the ticket, I would then ask them to scan my app. Do you guys really buy tickets still?
  12. oraclewizard77

    Creating a backup usb install for Windows 10 upgrade

    Some things you could do is turn off or delay windows updates. For example, put you are on limited bandwidth even if you are not and also set updates to be delayed by max. Also, the main thing to do is backup everything to a thumb drive or some Internet site for your data so worse case if you...
  13. oraclewizard77

    Why do moving averages SUCK so much?

    From reading your comment, you are saying MA suck in longer term stock market movements since if for example you were to go long on a cross upward, you would do worse than a buy and hold strategy. And, no one is going to disagree with this statement since yes, due to lag and other reasons...
  14. oraclewizard77

    Creating a backup usb install for Windows 10 upgrade

    If you run a speed test and see speeds fluctuating then try using your VPN with a state near where you live. Run speed test again, and if speeds are running more normal and you no longer have lag, you fixed the issue.
  15. oraclewizard77

    ES Journal - 2021/2022

    Here's a chart.
  16. oraclewizard77

    ES Journal - 2021/2022

    Made my 2 points.
  17. oraclewizard77

    ES Journal - 2021/2022

    Long 3921.25, stop below support, looking to add to this trade if price goes against me. 2 - 4 point target for a scalp. Maybe more points if I do an add.
  18. oraclewizard77

    Tribute to Brooks

    People are rude. You are not dimwitted. There is nothing wrong following a trading strategy completely. Even I made some errors last week. I have a specific rule not to trade long right at resistance and I broke it so I took some days off of trading. The mind sometimes pays tricks...
  19. oraclewizard77

    Ichimoku & certainty

    I went to Las Vegas a long time ago and counted cards for 30 min till I made $ 400. I then left before the casino could track me. At another casino I pulled out $ 1,000 at a normal table, and started counting again, and someone came by told me to come to a table by myself and the dealer and I...
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