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  1. oraclewizard77

    How do you determine trend direction?

    Well 1st you need to determine what time frame you want to trade in. Then you could use a higher time frame to see overall trend. So we have 2 cases: 1) Both time frames are trending in the same direction, and you look for a trade setup based on your rules. 2) The current time frame is...
  2. oraclewizard77

    Does speed of market/momentum actually matter?

    Here was a story told to me by another trader about how he lost $ 750,000 in 1 day. He had open positions on Forex and his wife was sick and he had to take her to a hospital. He normally does not use stops but his broker would close his positions on a margin call. The problem was as the...
  3. oraclewizard77

    Does speed of market/momentum actually matter?

    There is actually no way to tell from that chart if the break out is going to work or not unless you added some indicators. Using a few indicators can help you decide if you want to take the trade or not. Or you can just take every pullback from a breakout if your current win% is 50%, there is...
  4. oraclewizard77

    What is a "Dope Sheet?"

    It's when you sign up for a Forex account, your name is added to this sheet. LOL
  5. oraclewizard77

    Can day trading become an addiction since it is so similar to gambling?

    If you think you are gambling then you are not trading. Trading means waiting for a proven profitable setup and executing it in real time if you are not fully automated. Using most charting software like NT, you can at least automated your stops and targets. The hard part is to not make the...
  6. oraclewizard77

    ES Journal - 2016

    On another note I think I finally found the real "limitless" pill which I took today before trading. All the other ones I took before did not work and were probably useless. I got it in a fast acting form and had a winning day. So far I have had none of the reported side effects that were...
  7. oraclewizard77

    ES Journal - 2016

    This is extremely harsh. A longer term trend play can work and the trader you are ranting about has a winning system. I want to be able to let some of my day trades run a little longer to achieve a better risk to reward. If you have a target and stop, sometime a trade can run almost all the...
  8. oraclewizard77

    What makes Successful Traders?

    Finding the grail, understanding the grail, waiting for the grail, trading the grail.
  9. oraclewizard77

    How stop-loss work at the market open after Brexit result?

    Stops on futures worked with no slippage even some of my market kill orders since futures are open all night long. Obviously over night stock stops would not have worked since price as shown by futures was going down all night long. So when stocks open for trading if you had a stop it would...
  10. oraclewizard77

    The Brexit Trade...

    Anyone who is trading right now cares since we are getting major movements on futures and Forex.
  11. oraclewizard77

    Creating a backup usb install for Windows 10 upgrade

    No I am not afraid of Microsoft, my goal is trying to get Windows 10 to work correctly after upgrading a computer from Windows 7. Everything is not a google tool. I was saying you could use google to find this application. However, to make it even more simple, I have included the website...
  12. oraclewizard77

    Creating a backup usb install for Windows 10 upgrade

    Since I disabled Windows search, I needed a replacement. Using google, I found search everything. It is really cool and works so much faster than Windows search used to work.
  13. oraclewizard77

    Creating a backup usb install for Windows 10 upgrade

    Had some issues with starting up the computer and it not working right and having to hard shutdown and restart. So I went through the event viewer logs and found some errors that I was able to correct that seemed to help with the issue.
  14. oraclewizard77

    Creating a backup usb install for Windows 10 upgrade

    As noted in previous posts I did disabled Cortana and am not allowing the computers to do peer to peer patch sheering over the Internet, plus on one laptop I even put on a metered connection so that updates don't install automatically. Cortana is junk for computers no reason to have it when you...
  15. oraclewizard77

    Creating a backup usb install for Windows 10 upgrade

    This may be a ninjatrader bug or a Windows 10 bug. You can't uninstall Ninja Trader 8 using the standard settings searching for add remove programs. Instead right click the start menu: 2) then left click control panel 3) then click on program and features. 4) then find ninjatrader 8 and...
  16. oraclewizard77

    How to learn to IGNORE the failure in trading.

    When you pick a top or bottom, the market will continue to trend against your trade. When you chase a trade, that is when the market will reverse against you. So if you realize you chased a trade and it starts to go against you, try to get out with min loss, and learn to not do it again. We...
  17. oraclewizard77

    Prudent Risk Management Is The Only True Edge In TRADING

    This may also be psychological issue, but we must try to limit our downside on a losing day or after a losing trade plus once in a winning trade we have to have the patience for the trade to reach our profit target unless we set an unrealistic target. For example, let's say you take normally 1...
  18. oraclewizard77

    ES Journal - 2016

    Sunday we had a gap up. I shorted it mainly to hold a longer term position, but chickened out as gap closed and I took 1 point of profit. Overall stocks have some bearish trends but we are mostly in range bound market overall.
  19. oraclewizard77

    Trading psychology and Energy Levels

    I think you need to not be afraid when u put on trades. If you believe the market is going to go down then you need to add contracts and give trade room to move so you can't have super tight stops and you can't take quick profits.
  20. oraclewizard77

    How did you learn to trade futures?

    This is the truth, and basically its better to try to have a career after you graduate college.
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