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  1. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Those market makers for puts and calls really want to steal your money if you use market orders. I had a limit order for $ 2 for a 108 put for Sep. It was quoting $ 2.07, but I would not budge, finally 10 min later it was filled. I think its better to wait for your limits to get filled...
  2. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Those are the ones my mentor wants me to pay $ 12,000 for, but I like the free beta.
  3. oraclewizard77

    ES Journal Archive (2009 - 2010)

    The TA I use is based on a combination of PA and a couple of non lagging indicators. I also look at trend and S and R levels.
  4. oraclewizard77

    ES Journal Archive (2009 - 2010)

    up $ 190 on es and cl, all trades were long except for 1 short on cl, so my TA is fine, maybe its you.
  5. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I felt an urge to bottom fish, so did it in sim, so now $ 147 real, and a negative $ 125 in sim
  6. oraclewizard77

    ES Journal Archive (2009 - 2010)

    How can you guess, and call yourself a trader? Of course I know what the future holds with a high probability. Anyway, up $ 147 today on small trades all winners.
  7. oraclewizard77

    IB - so frustrating! Keep ending up with leftover shares!

    What is weird is that I traded forex with IB, and for some reason have weird positions like 3 AUD left over when I close out a trade. I then sell the 3, and a few days later it comes back.
  8. oraclewizard77

    Is Trading As Easy As This?

    Its funny, I went to room where they were giving out money ie good setups for a free trial and explaining why they took the trade in terms most people could understand, plus they explained their risk management. What surprised me were how few people were there, which indicates the value people...
  9. oraclewizard77

    Is Trading As Easy As This?

    Since no one has mentioned it, not revenge trading after losing money. Being able to take a loss when the market proves your trade is wrong. Being able to hold winners to your target. And finally having an edge which tells you when to take the trade. For example a high probability setup...
  10. oraclewizard77

    WCRX Warner Chilcott $8.50 Divided anyway to play this?

    I think it would be better to pay an increased dividend out over time rather than in one lump sum since all that means is that the stock will go down $ 8.
  11. oraclewizard77

    Overcoming Fear when the stock fluctuates around your entry price

    This is good advice. Also, some of my automation is designed to take advantage of flux. Finally, the main goal is to determine what is a high probability setup, to recognize the setup in real time, once you are aware, to get in as quickly as possible and then let the trade play out. As...
  12. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Took a small long at 1048.50, but not a big position since I did not have confidence in the trade since yesterday market seemed to want to mess with me. Also, I took it after market already went up 10 from bottom, but was able to get 1.5 points.
  13. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I made so far 30 pips on a EUR short. Closed 1/2 my position, no target on rest, and set stop around BE point. Looking for continued weakness on Friday and would like to bring stop down with trend.
  14. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I am really thinking of not ever trading CL anymore. I have a valid setup for ES and for forex. I think waiting for the setups, letting the trades breath, and try not to move the stops and targets will improve my trading going forward.
  15. oraclewizard77

    ES Journal Archive (2009 - 2010)

    For options, I can give it a few days so I am not concerned about predicting trend end, and will instead react to what the market does. While not predicting a bull market, I think we are over extended, and all ES trades and SPY trades have been on the long side. I took 1 GBP scalping short...
  16. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I closed 1 call out at BE, will let last 1 run.
  17. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Well, perfect entry, I should have left 1 contract go longer.
  18. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Finally did a perfect trade long es for around 1.25 points with 2 contracts. I also added to my SPY call position near the lows of today, will be looking to hold for a little while on the calls.
  19. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I bought SPY call long before the market closed today, so hopefully we get a rally on Wed.
  20. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I was right on both CL and ES, but on ES my trades hit target and on CL they 1st hit their stops before hitting targets. So actually down for the day, I think I will have to stop trading CL again due to them running my stops and not wanting to have big stops to prevent this issue.
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