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  1. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I took another short real money again although this was supposed to be sim this time. Got out 1 point of profit. Now currently switched it to a sim trade short and I do believe the market will fall again. The reason it was supposed to be sim is that I have been over trading and turning...
  2. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Yesterday I bought the AUG put, and sold the ES no stop or limit at 1110. I have closed the ES at 1006 but not the put, and also sold most of my longer term stock long positions. I have some negative bias on the market now, but plan to see if we can get to a higher level to short again.
  3. oraclewizard77

    ES Journal Archive (2009 - 2010)

    A T day is day that starts with a letter T like Tue or Thur. In a bull market, there has been some speculation that these days are bullish, however, as we can see in a bull market, Monday can be bullish or any other day.
  4. oraclewizard77

    CL Redux

    Had a CL trade long, when it started to move in my favor, I moved stopped up and got stopped out for 1 tick loss. If I left stop alone which I plan to do next time, I would have made money. On NG, I went long, wanted 20 ticks, but it hit resistance, and started to go down, so I settled for...
  5. oraclewizard77

    Hayward is out.

    Not exactly a "little" mistake when 11 people are dead and millions of galleons of oil came flooding out. The problem with his so called leadership is that they were not willing to spend a few $ million more costs on safety and not rushing to instead make in the short term a tiny bit more...
  6. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I was a little tentative today since did well previously during the week. I had an order to go long lower, but market never pulled back enough to get me filled, so no trades today.
  7. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I think we need to wait till the close, we could still see a breakout to HH, market could just be resting right now. I was long NG. and got stopped out right before it moved higher. I then hopped on CL, and got out a bigger profit than my previous stop so not bad trading today. I manually...
  8. oraclewizard77

    What are things you can do to prepare yourself to trade after waking up?

    So true. 1) Try to wake up. Look at clock, determine I still have some time left to trade, go back to sleep. 2) Turn on computer, get blue monster drink and bottle of water. 3) Check what the wankers are doing, and if I want to fade them or not. 4) Look at my charts, see if I get a...
  9. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I got out early on my es long, but you could be right, that could have been the bottom.
  10. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Closed at profit
  11. oraclewizard77

    Can you guys recommend a Forex Broker ?

    I still would recommend trading currency futures if you have at least $ 10,000 to trade. 1) Real data feed instead of a fake one made up by the forex broker or bucket shop. 2) Broker not trading against you, does not see your stops or targets. 3) The ability to hedge the position...
  12. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I was thinking that I should post an entry for the psychic challenge where they offer $ 1 million. I can see 10 min into the future as long as they allow me to use my computer.
  13. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Had one winning trade today, but did not follow my rules. 1) Only did 1 contract short since was afraid market was going straight up, must work on doing more. 2) After getting in trade, moved stop and target. What happened, is I got 1 point green as soon as order filled plus zero heat...
  14. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Short AUG put, will see if this rally is real or fake on Wed,
  15. oraclewizard77

    Scaling in/out: Crutch for the Weak

    I admit I scale out sometimes of trades, not all trades, and it depends on what I am trading. For sake of argument, lets assume I am trading a jumping market that likes to jump up and down before making a move, so by scaling out I can sometimes make a profit even if I am wrong in which way...
  16. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I do it for entertainment, and I can watch live the S&P 500 ticker so I know when to go back and check on the trade. For example, I saw the ticker going down, went back up, and saw that in futures I made a profit. Also, right now, I can't even remember what they were talking about. What's...
  17. oraclewizard77

    TRADING CAREER vs POKER CAREER

    Sometimes it seems poker is more luck. I can have the best hand, and only a donkey would call me with the crap that they had, but the moron calls,, and still gets lucky on the river. With trading, it seems if you do everything correctly, wait for your high probability setup, take it, wait...
  18. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I like what you are saying about a max loss for the day. I think that it may be better to just have that. I don't think I fall into the camp of trend trader or reversion to the mean trader. I like to analyze PA and then take the trades with at least 2 confirmations including one from my...
  19. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Had a sim trade from the forex trading room that was a loss, not sure if much value to continue in this room. Also, after the real es trade did some sim trades on es, that were profitable, so got to wonder if its better to take more signals when your trades are working and take less on losing...
  20. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Will be a nice positive sign that bullish trend continues if we make another HH today or close near these highs. Previously, I considered today a bearish trend, but we will see if it has reversed or not.
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