Search results

  1. oraclewizard77

    Washington Mutul bank run?

    Here's a true story of my experience with WM. 1) If you were taking out money less than $ 200, the bank would not even check your id, so people would deposit these fake checks for $ 4 in my account which would bounce, then take out around $ 150. Finally bank changes policy after some of...
  2. oraclewizard77

    The Coming Renationalization of Petrobras.

    I know you don't agree with me, however that is because you can't stick to your original point which suggests an inflexible mind that does not wish to admit that is wrong. Did Brazil nationalize their sugar company, or not? From what you are writing, it sounds like private investors put...
  3. oraclewizard77

    The Coming Renationalization of Petrobras.

    You can not have it both ways. If you are talking about taking over a public company by the government because its making alot of money and suggesting to use that money for social purposes, it is not capitalism. NATIONALIZATION OF A COMPANY HELPS THE FEW AT THE EXPENSE OF THE MANY. THE...
  4. oraclewizard77

    The Coming Renationalization of Petrobras.

    Saudi Arabia is a monarchy. The princes and kings are some of the richest men in the world. However, the average person in most Arab countries is poor. Whereas a country near them, let's call it Israel which does not have vast oil reserves and is based on a democracy and capitalist...
  5. oraclewizard77

    How do I do this, show a picture ?

    We have found Jack... http://www.youtube.com/watch?v=8uHoEbWaAJo
  6. oraclewizard77

    Paradox of value investing

    I define value investing in this way: 1) Does the stock pay a dividend. If so, how much is the dividend. Let's say CSE has a dividend of 22%. 2) Are they making enough money going forward to pay the dividend or reducing costs to keep paying the dividend. CSE is making money loaning to...
  7. oraclewizard77

    Learning to read Price Action with P&F Charting

    Yes, there seems to be back fill (for example the price moves back down over the next week or month after a signal) when taking a signal especially long, but we are currently in a bear market. May be a better system if I could also short in the account I manage. Currently I think if you...
  8. oraclewizard77

    Why must I lose?

    Yes, if you have an edge, you can have more winners than losers. My win % is 60% with about equal $ for winners and losers.
  9. oraclewizard77

    Financial Times article: Technical Analysis is Rubbish

    Of course its about predicting the future. However, one can not predict the future with a 100% win ratio, so most will say that TA does not work.
  10. oraclewizard77

    Spain, Ireland `Thrown to the Wolves' After ECB Move

    The Fed needs to increase rates in the United States, plus we need to end corn ethanol, plus make a law that all new cars that are not electric or a hybrid can not be sold in the United States. Finally, we need to drill in Alaska. Of course, the government never does the right things, does it?
  11. oraclewizard77

    Day-Trading 2.0 for small traders

    Do you have indicators that I can use to display the wave as being discussed in this thread to allow a slightly longer term approach. I will also pm you to avoid taking time out from this thread.
  12. oraclewizard77

    90% Profitable Setup

    One of the hardest parts of trading, is taking the trade. Its a psychological problem because even for those of us who over time have a 60% win ratio, you still know that you will have a losing trade. This is what is the problem since you KNOW it. Those who don't know how to trade or say...
  13. oraclewizard77

    Forced to buy a banking stock...

    CSE is looking good. Strong insider buying. Dividend will probably be cut as they de-reit, but I expect them to be one of the few with cash ready to take advantage of the void of most banks imploding.
  14. oraclewizard77

    Trading For Living - S&P 500 Market.

    Turns works at McDonald's along with Spydertrader and Jack H. After work, they all go back to the home for the criminally insane. Where of course, they are provided with internet access, to spread their madness on the new traders here. Then later on, they take turns sucking off Jack so...
  15. oraclewizard77

    Trading For Living - S&P 500 Market.

    Turns can not trade and is bitter about this fact.
  16. oraclewizard77

    You Only Need $5000 to Make a Living

    How about you trade a $ 5,000 but manage a few $ 100,000 to $ 5 million accounts and have them pay you a % of the profits? I think that would work. Actually, I know it does.:p
  17. oraclewizard77

    Trading For Living - S&P 500 Market.

    1) Pretty girls can NOT trade. Exception being the daughter of a famous trader who then became an actress and GAVE UP Trading. 2) I can easily tell who are the real traders here for example ProfitTakgFool is a real trader and Jack H is not. So I would be happy to learn Profit's system since...
  18. oraclewizard77

    65% win ratio with 1:1 risk/reward?

    Over 1 year forward testing, I have a 60% win ratio proven with brokerage statements. Profit and stop are around 1 to 1. However, once in a blue moon I may let a few contracts run a little longer to increase profit while closing out most of them. Also, sometimes I may dollar cost down...
  19. oraclewizard77

    Successful Stop & Reverse - Semi Martingale Trend Following Strategy

    The market is not random but it does chop, it does range, and it does trend. However, it does not do all 3 things at the same time. The problem with the system is during range or chop, it will start to lose money.
  20. oraclewizard77

    Ask an Expert

    Obviously, if you are trading news and/or fast markets, you are always going to have some problems getting filled. And even market orders will not fill at exact prices However, I have not had any problems with limit orders getting filed during normal market operations, and you should not...
Back
Top