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  1. oraclewizard77

    CNBC says don't trade at this time.

    Between 9:58 am - 10:02 am. I assume this is NYT, but feel free to correct this. They say around this time the HFT machines are going to front run you and you could get caught by a bad price quote.
  2. oraclewizard77

    Ninja Trader/Zen-Fire Data Issues

    http://www.ninjatrader.com/support/forum/showthread.php?p=286241#post286241 I have also updated this issue on their forum.
  3. oraclewizard77

    Ninja Trader/Zen-Fire Data Issues

    Glad its not just me. I am having the same problem. Thought I would trade right now, but can't.
  4. oraclewizard77

    Does Some Technical Analysis Methods Go Overboard?

    Find a profitable setup and test it out. Reduce your indicators to only the ones that help you define the profitable setup. Work on not trading until you see the setup, and work on remembering what conditions you are looking for to confirm the setup on the hard right side of the screen...
  5. oraclewizard77

    An offer to Volente.

    You have not thought through your offer. Instead of talking about leaving ET. Make it a real trade about money. I have done this before when someone has questioned my trades. They have lost the bet and had to me through on pay pal. Instead, this is what I suggest, for 1 day, both of you...
  6. oraclewizard77

    To sit or not to sit...

    Exactly, do not try and bend the trend. That's impossible. Instead... only try to realize the truth. What truth? There is no fractal. Then you'll see, that it is not the trend that bends, it is only yourself.
  7. oraclewizard77

    IB Very bad Market Data

    Ok, I read it, and the problem was Megan C did not explain it to him correctly. If you short a stock, you are charged interest to short it, it can be a very small amount. You have to short stock in margin account not a cash account. So you need to calculate your margins correctly...
  8. oraclewizard77

    To sit or not to sit...

    But when the market trends, your answer is moot.
  9. oraclewizard77

    So, you had a real bad trade how are you going to handle it?

    Ok. My 1st trade was ranging not in ES, and I decided to add on at bottom, and made a positive trade. However, it was a fast market and I got stopped out on the account I was managing for other traders. So I saw ES going up, and figured I would make their money back, but just trade their...
  10. oraclewizard77

    Forex trading using D'Alembert?

    For those of you who actually trade or want to trade, I will point out something. Let's say for example the market is ranging between x and x. Now x can be 10 or x can be 50. It does not matter. Let's say you want long at x when x was at the top of the range, looking for a breakout...
  11. oraclewizard77

    2012: The Battle for Survival

    I think you could work on automating a successful manual system. If you have successful manual trades but you double down on your losing trades, and are able to automate the winning trades and have basically an automated stop loss for your losing trades, then automation makes sense. If you...
  12. oraclewizard77

    CL Redux

    I 1st wanted to short CL since it was in a strong trend down with major damage done to price. I did not go long because I thought the price had gone down to far, but I did go long since it was the right setup to do. My issue is I should have tried for more profit and held the winner longer...
  13. oraclewizard77

    Dad's Kid Day Trading Journal

    Not to say this is not true, but some of this does not make sense. Assuming he trades 2 contract per point that means if he makes 34 more points, he will have made $ 3,400, so $ 5,000 - $ 3,400 = $ 1,600 he already made which does not correspond to the postings, but he does say he made money...
  14. oraclewizard77

    Dad's Kid Day Trading Journal

    Some advice which is good for all traders even if this is or not a fake journal. 1) Get MS Excel. 2) Create a real journal / trade log. 3) To do the above create the following columns. Day of week, reason for trade, win, loss, summary. 4) In the win and loss columns you should put a...
  15. oraclewizard77

    Sanity check. Can CME fill stop market at better price.

    This is my understanding on futures. 1) Market orders are filled 1st, but you can get more slippage during low volume times, news events, and you will get the worst price since its not a limit order. 2) A buy or sell stop order to get you into a trade is the same as a market order...
  16. oraclewizard77

    In 10 years oil will be $10 a barrel

    The problem is that Adrian Veidt plans to use Doctor Manhattan's powers to create a fusion bomb so we will not be around in 10 years.
  17. oraclewizard77

    Lack Mindset > The main reason for compulsive trading.

    Overall I agree that you need to wait for your setups. However, today I got in a little early on a long trade. Market was going against me, but I felt my overall read of price was correct, so I did add another contract at the price I would normally take a stop after I saw some ability of the...
  18. oraclewizard77

    Using broker statements to get a trading job?

    Why not get a CTA to raise money, and/or start a friends and family account. Once you get it to a certain size have your results audited to be able to attract enough money to start a hedge fund. You could charge a 3% fee to manage accounts and also ask for 20% of profits. If the fund gets...
  19. oraclewizard77

    Why not all in?

    You can go all in when trading stocks. I used to do it. With futures or forex, you can't do it since there is no limit to the amount of losses. Let's say you are trading multiple stocks, the worst a stock can do is go to $ 0/sh, and the worst thing that will happen to you is that you will...
  20. oraclewizard77

    Taking 1million to zero in "n" months.

    After you lose another 50% and go down to $ 250,000 feel free to give me management control and I will bring it back up to $ 1 million with standard hedge fund rule of 25% of profits go to me.
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