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  1. oraclewizard77

    Technical analysis :useless junk science

    But I actually use a special indicator that actually predicts the future with strong probability in combination with price action. This is the second issue that you TA doubters come up with is that traders do take losses so TA must not work. What you don't understand is that we have an...
  2. oraclewizard77

    Technical analysis :useless junk science

    Well, I guess we know now know why you can't trade, you are looking at the wrong way to trade that chart. Using my own method, just from that chart alone, I see profitable setups. I see these setups before they happen which is why Mon and Tue I had 100% winning trades none losing. Can one...
  3. oraclewizard77

    is economics worth majoring in.

    Unless you are a genius at programming, don't get a Computer Science degree since most programming is being outsourced to India. If you get an Economics degree, its still pretty worthless unless you are going to then get something else like an MBA or go to law school. Look for a career...
  4. oraclewizard77

    Technical analysis :useless junk science

    I am not sure I understand the difference. Isn't Price Action a form of TA? Also, I agree it can take 5 - 10 years to learn how to trade correctly. If it was easy, anyone could be profitable.
  5. oraclewizard77

    Facebook Spam

    Did you setup your spam filer correctly? http://www.usna.org/aolspamfilter.html
  6. oraclewizard77

    Should I return the Win 7 OEM I bought online?

    I will pay u $ 5 for it. QUOTE]Quote from J.P.: Thanks Bob, I appreciate it. But just to clarify, it was my error to omit the word 'Pro' from this item's initial description. So what I have for sale for $50, because I cannot keep it and they won't take it back, is new unopened 64-bit...
  7. oraclewizard77

    ES Journal - 2012

    Now I just need to keep trading in the zone.
  8. oraclewizard77

    ES Journal - 2012

    Here is the attachment of my trading results from NT. Real money trades.
  9. oraclewizard77

    Jack Hershey students - are you profitable day-traders?

    I don't need your system. I have my own. I am just tired of people like you that bash someone like JH without providing proof that you can even make one live call yourself. You really think someone is going to reverse engineer your system from one call?
  10. oraclewizard77

    ES Journal - 2012

    Sometimes going for a scalp while it may not make tons of money, it feels emotionally better to be right. I took a good setup long and got out at my 1st target even though a little higher risk than reward. While I have traded CL and probably will again, sometimes it seems easier to place a...
  11. oraclewizard77

    If you think facebook is worth 100 billion

    Can I bet $ 100 or am I too late?
  12. oraclewizard77

    What is TA?

    That was my problem today. I took 1/2 my profit from my TA setup instead of letting price reach my target since I wanted to be correct more than rich today. Over the long term this is terrible risk vs reward. I just need to keep reminding myself that. Quote from jack hershey...
  13. oraclewizard77

    Leverage, I dont understand the principle of it...

    But I thought most of them just front run. Have co-located servers, pay for a 1 second look at bids before anyone else, and scalp for 1 - 2 ticks of profit. I doubt they are trading for longer term. Also, I doubt that they are gunning for your trades that last for days.
  14. oraclewizard77

    Trading Wisdom for Aspiring Hedge Fund Managers

    This is very true and a very good post. Now, you need to just follow up on how to develop emotional control.
  15. oraclewizard77

    Leverage, I dont understand the principle of it...

    What house? I am trading against other traders. If I lose my broker does not win, they just get commission.
  16. oraclewizard77

    Jack Hershey students - are you profitable day-traders?

    Prove it. You keep asking JH for proof and you come out with this lame excuse that you have rules that fit a tiny postage stamp. The truth has that JH has called markets right 2 times so far in writing recently. Either call a profitable trade, or show us a profitable rule. Cults might...
  17. oraclewizard77

    are you in the 1%?

    I would also suggest that if you want to get to the 1%, you can start off developing strategies in simulation before you trade live for free. For example, the stupid person whose name I will not mention does not know you can use NT for free for as long as you want, you only have to pay them...
  18. oraclewizard77

    are you in the 1%?

    I would also like to point something out since some people who I will not name are too stupid to understand the difference. Even though I am a moderator, I post here my thoughts on trading. All being a Mod means is that I clean up some posts on some of these forums if they violate this...
  19. oraclewizard77

    are you in the 1%?

    I would like to get to the 1%. My 1st trade would have been profitable last Friday, if I would have placed a stop where the market proved me wrong. Instead since I went long too far from where according to my "Rules of Trading", I should get long for a trade setup, I instead got spooked as the...
  20. oraclewizard77

    Patent system needs overhaul

    I think you miss the point. Companies can afford to spend $ billions to innovate new life saving drugs or inventions like the Iphone, if they can have a patent that covers this new technology for a certain number of years. For example Lipitor was covered by a patent that has expired, and now...
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