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  1. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Its funny during chop, my Ninja Price action does not label the HH and HL or LL and LH correctly. For example, lets assume the market made a LL, it should not label a HH unless the market goes back up above the previous LH, but instead if it moves in a small range of say 5 pips on the EUR...
  2. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I disagree,I bet $ 1 that his stop will not get hit. I would not be surprised for a 20 point down day on Tue. I found a leaked source, that the FED is going to report bad news and do nothing. I thought more people got that report which is why I thought today would be negative.
  3. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Note, after taking 1/2 my AUG puts off at a profit, I added to these SPY puts today, but no overnight ES trade for me.
  4. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I took a short at 1026 with a small stop and profit, got out at 1025, but I also shorted the EUR/USD at 1.3230 and got out with 10 ticks to turn a negative day to a positive one considering I took a loss on a 1 contract overnight long on ES.
  5. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I think we got close to your 1130 target, when market went to 1126. I would be surprised if we can reverse the current down trend today in the short term. I think economic reports create these trends, which then can be traded assuming trading with real money does not mess with your mind...
  6. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Well, I am up for the day both on futures and puts, market seems frozen. I am thinking of calling it a day, and keeping my final put for Monday to see if we can trend down to 1080. I am switching to sim now. I had a good short on the EUR, but killed that trade at a 1 tick gain even though...
  7. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Messing myself up. I went short on ES around 1108.25, and then the trade went against me so took 1 contract off at .25 loss, and decided to hedge going long on CL. Then ES started going down, so killed my CL hedge at a 5 tick loss, and final contract on ES went to profit earning me $ 2.50 for...
  8. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Lost $ 37 today on futures, 2 trades both shorts. Market looked weak, and was hoping to get a good short in before a break to the downside at 1121.50. Issue with this trade was that although some of my indicators were at top of range, they never turned lower. Also, since market was in a...
  9. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I bought Aug SPY puts so we will see what happens.
  10. oraclewizard77

    CL Redux

    I was playing Bad Company 2, which is a real good game but addictive, but I had no drugs, alcohol, or cigs so guess its a better than those. I have an automatic stop, limit built into my order entry. For ES, I usually just leave the auto as is. For CL and GBP, I base the stop and limit on...
  11. oraclewizard77

    CL Redux

    I feel I might have did a Nodoji combined with what I was learning in the forex room. Basically, I was thinking trend was up and wanted to get in at a better price. 1st on GBP/USD, I got in trade on limit, and it went 2 ticks in my favor, and then started to reverse. I then looked at...
  12. oraclewizard77

    can I get your analysis?

    Did you ever take out the meat itself and look at it. I would say worse than prison food, or whatever they feed dogs although their fish sandwich is ok. As for the chart, you drew a ton of lines that don't matter and did not draw any that do matter.
  13. oraclewizard77

    How come its stalling?

    Also, add some optimization to FireFox, and you then are really fast.
  14. oraclewizard77

    An open honest discussion on the state of Ninjatrader 7

    Would like to see zenfire64 functionality. If you just using charts, you can upgrade to 7 now. Would like to see line alerts built into the platform. Would like to see that certain futures like CL no longer display a lag between DOM and chart.
  15. oraclewizard77

    Passage to $1 Million

    Obviously, you don't want to have a stop where your account is going to get wiped out. My theory on stops, is: a) If you are right in the entry of the trade, you don't need a wide stop and it can be somewhat standard. For example, market is trending hard in your favor with little or no...
  16. oraclewizard77

    Passage to $1 Million

    Well, does that not mean that the stop is where the market proves your belief was wrong. I assume you have to have a belief for example a reason to take the trade since I know you just don't take random trades. Now this can be independent of bias, you may not have a short or a long bias...
  17. oraclewizard77

    The Cost of Losses--Options or stop losses-- which are better?

    If you think market will make a strong move, then buying an option allows you to benefit from that move with less risk than buying the stock. For example, I recently bought an AUG SPY put position, plan was short time holding say 1 - 4 days, this means even if I am wrong, I don't lose the...
  18. oraclewizard77

    the Terminator of poker

    Kaplan won the $ 120,000 poker after dark by beating the other players out of their own money. No 2nd place prizes, winner takes all, so I guess he can in fact walk the walk.
  19. oraclewizard77

    wanting to be right over making money?

    Edge is only 1/3 of what you need to trade successfully. I have an edge, but I still ended up chasing a trade today and not waiting for a setup.
  20. oraclewizard77

    Your Favorite Most Addictive Puzzle/Strategy Game

    Although you might not think it can be strategic, in bad company 2, you can out think your opponents in which are real humans, and kill them Kind of like trading.
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