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  1. oraclewizard77

    Anyone trade while high?

    It would not be bad to assume most of the people trading against you are on drugs. If not for that I would not have been able to get out of a bad trade at BE today.
  2. oraclewizard77

    i want to be rich! fast!

    Spend the rest then on graduating high school. Put down the crack pipe, and focus on your English class so you can learn to spell, and maybe get a job at McDonald's if you don't win. :-)
  3. oraclewizard77

    i want to be rich! fast!

    Spend all your money on lottery tickets.
  4. oraclewizard77

    The bitter truth about Patak Trading

    I am a trader, but you don't know what you are talking about, and I still have not seen any proof that becoming a federal employee is not better than being a trader.
  5. oraclewizard77

    The bitter truth about Patak Trading

    I agree, anyone would be better off getting a job with the federal government than listen to you, at least 90% would make money instead of the 90% losing money who take your advice. The truth is, you have done nothing to help anyone but yourself. Live with that. I have not seen a single...
  6. oraclewizard77

    If Wave and Gann Theories are just joke, why do we believe in other pattern?

    I think it depends if you can get your system automated or not. I am in contact with a programmer who I may pay $ 50/hr to code one of my setups. Also, remember, you don't need to stare at a screen all day. You can spend say 1 hour waiting for your setup, once you go short or long, you can...
  7. oraclewizard77

    TRADING IS SIMPLE ... (TheRumpledOne)

    Why not use a non trending up stock like MSFT and see if your code works. Its easy in hindsight to recognize a bull market and design a strategy that works for it, but then in a bear market, all these strategies blow up.
  8. oraclewizard77

    The bitter truth about Patak Trading

    Before someone wastes $ 175 and 2 - 4 weeks of their time, I would suggest one demo trade on for example Ninja Trader for free for 2 - 4 weeks. This way, you can determine if you have an edge and can even make money trading. After that you can do a Ninja Trader report and see if you would...
  9. oraclewizard77

    The bitter truth about Patak Trading

    GMST. It looks like they make money off of the combines and memberships since you trade a demo account. So they either make $175 or they make $ 50 per month. They don't make money off of commissions unless they fund a trader.
  10. oraclewizard77

    What is TA?

    http://en.wikipedia.org/wiki/Technical_analysis In finance, technical analysis is in the security analysis field a form of analysis of probabilities[1] relied on studies of the direction of prices through the analysis of past market data (primarily price and volume).[2] Traders use these...
  11. oraclewizard77

    Damn you, out of sample trades!

    He wants a higher win%, and setting a stop prevents his account getting blown up due to a report coming out when the system is in a trade.
  12. oraclewizard77

    Interactive Brokers - Please help!

    The most you need to trade 1 ES is $ 500. That is the margin during normal business hours that my broker requires. However, I would suggest that you have at least $ 1,000 so you don't get a margin call. For anyone that suggests you need more than $ 1,000 to trade an ES contract, does not...
  13. oraclewizard77

    Note there are still security issues even with antivirus.

    Malwarebytes does not solve most of these problems. Another issue just happened today after updating flash, all videos on youtube were green screen. I ran Malwarebytes since I thought maybe I accidentally installed some spyware, but it said I was not infected. However, after a google...
  14. oraclewizard77

    ES Journal - 2012

    Was in a trade and then went to watch CNBC, where they said that the FED is 80% likely to provide more QE. I was thinking the same thing before I saw this due to weak unemployment. However, maybe it helped my previous long position since I was able to book a profit for the day.
  15. oraclewizard77

    FB support at 50% of IPO price?

    A stock will rally from a lockup expiration if there is not much selling, and shorts are forced to cover. However, the problem is that insiders have increased selling when lockup expired.
  16. oraclewizard77

    Where do we Invest in 2012 and beyond????

    Why not invest a small portion of money in trading. The risk is that you lose the investment, the reward is that you make 20 - 50% per year. I think this is conservative, since you are going to lose the majority of your money to inflation right now. However, by taking on a little risk on a...
  17. oraclewizard77

    Why does TA not work (for you)?

    I will translate for Jack since I think you don't understand what he means. Jack saw Surf once pan handling on a NY subway. This is Surf's main source of income and allows him to rent internet for his cardboard box where he sleeps at night. I don't really understand what proof one wants...
  18. oraclewizard77

    Cassie's Pictorium

    Katy
  19. oraclewizard77

    Why does TA not work (for you)?

    It because you have a negative attitude. Most planes fly themselves. My friend once took me up in a private plane. I have never flown before, but he handed me the controls, and I was flying the plane. Easier then you may think. Also, for those that want to demo flying a plane first you can...
  20. oraclewizard77

    Why does TA not work (for you)?

    Let's now talk a little about trade management. I used TA to setup a short in a future today with double confirmation. Double confirmation for me means that we got 2 reasons based on my TA rules to go short. The issue for this trade was that the stop was not far enough away and got hit by a...
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