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  1. oraclewizard77

    Monthly Income On ES Mini Writing Options

    So looks like you sold a long term vertical put on oil. Also, you are selling the es puts naked? By the way, can you sell es future options on thinkorswim, or if not what broker do you go through and what is the min account size needed to sell options on es futures?
  2. oraclewizard77

    Duref Mudgins Invites Jack Hershey to Reminisce

    I think it is very hard to even capture 1x the daily range of the market, especially every day. I have only seen one trading system do it with real money for example RT Forex North on C2 can be found on the top of the list of "best forex systems", and when it trades it has captured the daily...
  3. oraclewizard77

    No Risk 2% - options strategies

    Sure, sell 1month out naked otm put or call of any stock that will give you at least 2% profit on your portfolio. Success is 90%. If position goes against you which is 10% of the time, take the loss. Rinse and repeat.
  4. oraclewizard77

    You Only Need $5000 to Make a Living

    It was different for me. I tried something new did not know if it would work, but only with very small size for test purposes. I tested with real money since paper trading really is bs for the most part. Next I noticed that I got 10 trades in a row all winners. Wow, never did that before...
  5. oraclewizard77

    You Only Need $5000 to Make a Living

    Here are the real 4 mistakes that will make you lose money. 1) Learning a system from someone or some organization who actually does not know how to trade, but makes money or gets some other benefit by teaching you something that does not work. I am sure to some of you here this will sound...
  6. oraclewizard77

    The 3-2-1 Approach: A Simplified Method for Trading Any Market

    I am curious, once a student learns how to trade your method, I would assume he would still need to use your software to trade. So does he or she still have to pay $ 400/month or if not, how much does it cost to use the software?
  7. oraclewizard77

    Learning to read Price Action with P&F Charting

    Current cost is $ 240 for the changes about 3 hours work on their part at $ 80 per hour plus software license to use their product. My understanding is from what they told me, they look for the reversal to occur one column after the failed buy or sell signal. As noted, you need to be...
  8. oraclewizard77

    Learning to read Price Action with P&F Charting

    Hi, I have contacted Archer Analysis Pty Ltd which makes bulls eye broker about seeing if they will include this pattern. They said it was a custom development and are getting me a quote on the cost. Once I get this information if any of you wish to partner with me and split the cost, please...
  9. oraclewizard77

    Learning to read Price Action with P&F Charting

    Ok, thanks that makes alot more sense.
  10. oraclewizard77

    Learning to read Price Action with P&F Charting

    It sounds like for some of your trades, you will trail the stop. However, I think you mentioned something about counting the number of x's on a column to determine the 1st target. Also, I would assume that targets for futures that are not hit by end of day, you manually close out to prevent...
  11. oraclewizard77

    Learning to read Price Action with P&F Charting

    How many contracts were you trading per trade?
  12. oraclewizard77

    Wallstreet scams

    Hi gramps, this is your cousin, the one who got the job as a financial analysis at JP Morgan Chase. No, I am not a stock broker, we are all called financial analysts. Anyway, I can get you a higher dividend payment than on your money market account. Yes, its totally safe, would I lie to...
  13. oraclewizard77

    Wanted: Moderators for trading blog/site

    I have worked with Oracle SQL ie my name oraclewizard as an ORACLE DBA. I have also designed web sites and have developed a trading system with many current paid members. I would be interested in participating, but please note that I currently have time constraints as I manage a business...
  14. oraclewizard77

    Growing funds at 20% monthly in FX using ATS

    1) You already mention that you broke your rule. 2) You then decided to remove stops and ride out your bad trade. 3) Is it any wonder why only 5% of us actually make money trading? 4) A trend following system is supposed to have larger winning trades than losing trades. You already...
  15. oraclewizard77

    Learning to read Price Action with P&F Charting

    I thought that PandF gave more clear signals vs candlesticks or other technical tools. But at least stockcharts will ignore support and resistance.
  16. oraclewizard77

    Learning to read Price Action with P&F Charting

    Very Good trading HolyGrail. I am going to do the reverse of using fundalmental news to find a stock and ta to know when to get in. Instead I will use for example pandf to find the stock, then do fa to determine if i want to invest / trade in it on a longer term basis. I did sell some...
  17. oraclewizard77

    Real way they make money trading

    41 minutes ago SANTA ANA, Calif. - Broadcom Corp. co-founder Henry T. Nicholas III was indicted Thursday on fraud, conspiracy and drug charges — including allegations he spiked the drinks of technology executives and customer representatives with ecstasy and maintained a warehouse for...
  18. oraclewizard77

    Best way to recover from a big losing day??

    To prevent revenge trading, usually I will wait till my normal next trading time rather than trying to trade my way out of it. For example, I made back today all the money I lost on Monday. I would also suggested drinking. I could not do that yesterday since it was one of my non-drinking...
  19. oraclewizard77

    Learning to read Price Action with P&F Charting

    March through May, the stock was in an uptrend when I bought it, I understand now I am posting, it is in a downtrend. I guess from what you are saying, is if the signal changes, I should either reverse direction or take a stop loss. I think you also mentioned you give a stock about 4 - 5...
  20. oraclewizard77

    Learning to read Price Action with P&F Charting

    MPEL according to stockcharts had a P&F breakout signal to the upside when I bought 200 shares plus good news about increased revenue and profit. Now it has fallen a couple points, and stockcharts based on P&F is stating that it is a sell, and they give a price target. However, I have...
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