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  1. oraclewizard77

    buying a computer for day trading

    I would go with Windows 7 Pro since its more stable. If you are trading futures, zentrader 64 with NinjaTrader 64 will actually work on a 64 bit system. I use just a laptop with 1 screen, but I could see where 2 screens would be better if you want to watch multiple instruments. Instead I...
  2. oraclewizard77

    ES Journal Archive (2009 - 2010)

    After reading a TA book, I took a trade I believe that the author would have supported. This was a long trade. I used standard risk vs reward. To try to prevent me from taking profits early, I was watching Hulu.com to take my mind off of the trade. However, I did finally look at the...
  3. oraclewizard77

    Daily Hottie

    Jessica Alba
  4. oraclewizard77

    CL Redux

    Its Thursday, I also predict a rally higher, long with sim trades now in ES and CL since I am done real trading.
  5. oraclewizard77

    CL Redux

    I was getting up early last week, and had 3 losing days in a row. So I thought what has changed with my strategy that is causing this problem? I then thought I am trading during lunch hour. So I decided since I can't catch the opening bell, I will just sleep through lunch. This week...
  6. oraclewizard77

    CL Redux

    Did a quick 10 - 11 tick scalp long, made profit. I am having problems holding longer. I will not be trading on Friday. I guess fear of losing the profit or trade turning into a loss is affecting me. Also, I have to say my CL charts are still pretty messed up using Ninja Trader with Zen Fire...
  7. oraclewizard77

    Does the chart have any value?

    Certain Price action does in fact lead to a high probability pattern. When I say high probability, I am talking about 60% not 99%. So you can then forward test this in real time using a small bank roll to see if I am right or wrong. The next step is money management. For example...
  8. oraclewizard77

    ES Journal Archive (2009 - 2010)

    All GBP short positions have been closed at nice profit. I also went long ES 5 min ago on possible double bottom. Market was .25 to my target so I moved stop to BE, and of course I get stopped out. No more trades till Thurs. Some of the traders I am working with suggest that it may be wise...
  9. oraclewizard77

    ES Journal Archive (2009 - 2010)

    We have closed out 1 position at a small profit, will look to trade again night time and see what we want to do with remaining position.
  10. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I am short the GBP, and to try something different for the day, instead of averaging against my position, I have now added to the position as it went in my favor. This is my 1st attempt at doing this, I plan to scale out of the add if market continues to go down, and then keep my original...
  11. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Ended up taking a very small profit on my put from yesterday, would have done better if I just put in sell at market when market opened. I then chased a little on the ES, 6B, and CL all long trades. 6b went 10 ticks against me, so closed it out at just negative 1 tick when it came back...
  12. oraclewizard77

    ES Journal Archive (2009 - 2010)

    The position is currently 25% ROI, I see no reason to close it out with a nice reversal today which is extremely bearish. I actually expected we were going to close near 1121 on the ES which is when I bought the put or I would have shorted the ES also. Anyone long is now trapped, and I hope to...
  13. oraclewizard77

    ES Journal Archive (2009 - 2010)

    This should mean to say, I bought the SEP put, not that I sold it.
  14. oraclewizard77

    ES Journal Archive (2009 - 2010)

    I am short the SPY 113 Sep put expiring this Friday. Stop is cost of put, profit target I am looking for a 50% to 100% gain. Both stop and target will be affected by price chart of ES for Wed.
  15. oraclewizard77

    ES Journal Archive (2009 - 2010)

    What messed me up on the trade, was I had confirmation of going long or market turning bullish on higher time frames, but should have waited to actually go long for a setup when the lower time / volume frame gave me some kind of signal. Instead the lower frame was overbought, and it would have...
  16. oraclewizard77

    Ninja Traker now works for Windows 7 64 bit

    NinjaTrader Version 7 Beta 21 introduces native 64-bit support for Zen-Fire and Vision Financial Markets. Native 64-bit is implemented through a new underlying API and its integration is in beta. Please proceed with caution. To enable * Go to your connection (Tools > Account...
  17. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Good job, in hindsight, it looks like it would have been better for me to take 1/2 off at 1114, and let the rest ride on the breakout. However, its very hard when the market goes against you 2.5 points after you get long on a trade, to consider wanting to hold for more profit after getting 1...
  18. oraclewizard77

    ES Journal Archive (2009 - 2010)

    Maybe not good risk vs reward but trade worked. Per my conversation with a chat room leader, he said if I was in heavy it was fine to take one off at BE. Anyway, went long at 1114, and added at 1112, and took 1 off at BE, and 1 off at 1114. Obviously, at 1114, I was in fact thinking we...
  19. oraclewizard77

    CL Redux

    I took the opposite of your trade since I wanted a nicer dinner with some Champane, I hope you don't mind. It was in the Dec CL, and closed it out for a nice 20 tick scalp, took around 12 ticks heat on trade.
  20. oraclewizard77

    CL Redux

    Seems there was a report out saying that there is some good supply of oil available to cover demand, so we see CL fall in the morning. I did a sim trade for 10 ticks which I got. I then in the evening saw that CL did not seem to be able to break previous highs, and so went short real money...
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