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  1. oraclewizard77

    Contradicting TA

    A Doji is a candle.
  2. oraclewizard77

    Contradicting TA

    I like to see the whole candle, while not every candle is important, coloring the candles can give you an incorrect assumption of trend since coloring is actually a lagging indicator. I actually day trade. If I was to hold for a longer term, I would look at the financials of the stock. As...
  3. oraclewizard77

    Contradicting TA

    1) Never color candles. 2) Look at a higher time frame can be used to see the overall trend, then look to a lower time frame for entries. Note, I am able to use 1 time frame because I have good indicators.
  4. oraclewizard77

    I would like to discuss averaging down

    C is the most easy since the ranges are hard lines on the chart. You could have multiple lines on the chart, and average down if the 1st line does not hold. Of course you need to determine you are in fact in a range market which is the hard part.
  5. oraclewizard77

    Technical analysis :useless junk science

    He's not going to accept your challenged which is why the mods for this thread should send it to chit chat.
  6. oraclewizard77

    Securely Networking a File Server

    I would suggest using a Novell or Unix file server. The best way to prevent infection is with a non Microsoft operating system. So if your Windows computer gets infected, it will not bring down the file server. That said, you want to have your whole network behind a firewall, and have...
  7. oraclewizard77

    Anyone Betting on Facebook?

    I was talking to a doctor and he asked me about FB. I had to explain that I don't trade stocks just futures, but I said if he wants to invest in it now and hold it for many years, then yes I think its a good investment.
  8. oraclewizard77

    Thinking of getting back into the game

    The 90% of traders who can't trade read your post and are attacking you. Did you really not see this coming?
  9. oraclewizard77

    I would like to discuss averaging down

    What he said was very important, and you choose not to listen. If you have learned bad habits say from snake oil salesmen that teach the wrong way to manage risk vs reward, you need to reprogram yourself. If you are not able to evolve to the next level of self awareness, you will not be able...
  10. oraclewizard77

    TA & PA is only for the 10% of the traders that succeed.

    I remember another time I was trading Forex, and had the news on, and bombs were going off in London. I ran to the computer, and jumped on rapid forming candle, and got off with a profit. Of course the trolls will say I just got lucky since the market was moving randomly and not because of...
  11. oraclewizard77

    TA & PA is only for the 10% of the traders that succeed.

    I calculated that the chance of me marrying a young pretty girl from America was not likely. A vendor of ours married a Mexican girl, so after not doing well using traditional dating means, I learned over time fluent Spanish, and married a young Latina woman.
  12. oraclewizard77

    TA & PA is only for the 10% of the traders that succeed.

    This is one of your best posts. Also, once this information hits the markets, it creates a trend that you can profit from. Let's say for example, the Fed comes out and says that it is going to raise interest rates. You will see the EUR/USD go down since the $ is rising, if you have a Forex...
  13. oraclewizard77

    TA & PA is only for the 10% of the traders that succeed.

    It's a free world, you can wrongly believe the market is random, I know its not. The world is not flat either nor was it made in 7 days. Plus evolution is real. Also, I don't care if you marry another man, as long as you don't tell me and my wife how to live. Trolls can not be reasoned with...
  14. oraclewizard77

    TA & PA is only for the 10% of the traders that succeed.

    The following are the results of a scalping system. This is not my system, but I want to illustrate the power of scalping when so many losers think only the machines from JP Morgan can do it. Trades 1,816 # Profitable 1,427 (78.6%) # months tracked 41 Profitable months 25 (61.0%) Avg...
  15. oraclewizard77

    TA & PA is only for the 10% of the traders that succeed.

    Actually, I know I am right and could care less what you think, no offense. This is what the market does, and I am not going to waste my time proving it to you. 1) The market will trend for a certain % of the time. 2) The market will range for a certain % of the time. 3) The market...
  16. oraclewizard77

    TA & PA is only for the 10% of the traders that succeed.

    I actually agree with you. I think there are a % of traders that make money in other fields, but my goal really was countering the dozen of hater threads that seem to keep coming up on ET with names like "All traders lose, they just lose." or "TA does not work"or "I have lost money so you will...
  17. oraclewizard77

    Surf's Special Situation Journal

    I think his strategy is not to mention his losing trades like CL, and only talk about his winning trades if he has any so far.
  18. oraclewizard77

    TA & PA is only for the 10% of the traders that succeed.

    Well, I think you need to usually go 1 step too far to be banned. For example, the last user banned by Baron taunted Baron by posted a Youtube video of ButtHead saying "are you taunting me?" It's good for you posting here, since we do seem to get other people with post counts under 10 that...
  19. oraclewizard77

    TA & PA is only for the 10% of the traders that succeed.

    TA & PA is only for the 10% of the traders that succeed. Yes, I said it. The other 90% of traders believe in idiotic stuff like price drivers and hold positions into the weekend when reports like http://www.marketwatch.com/story/oil-futures-slip-in-electronic-trading-2012-09-23?siteid=YAHOOB...
  20. oraclewizard77

    CL Redux

    http://www.marketwatch.com/story/oil-futures-slip-in-electronic-trading-2012-09-23?siteid=YAHOOB I was not going to trade tonight, but I saw this report come out, and I will not be able to trade in the morning. One of my technical setups was ready when I turned on my charts, so I went short...
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