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  1. oraclewizard77

    ES and CL Intraday strategies

    Goal for next trading day. No averaging into losing trades. Also, I want to be able to not go beyond a $ 400 loss for the day. So I need to be able to stop at my loss limit. I went beyond my loss limit right away today due to averaging into the losing trades which made my loss greater plus...
  2. oraclewizard77

    ES and CL Intraday strategies

    Worst day so far. Trend was up strong all day, so looked to buy a fib pullback. Went long on a fib pullback even though my indicator did not turn up. I averaged into the trade assuming that market was stop hunting, and i did not want to be stopped out only to see market go back up. Stop...
  3. oraclewizard77

    Slander and Fraud concerning my Account

    LOL 800+ posts and you are just now getting threats?
  4. oraclewizard77

    2011: Rebuilding My Battered Account

    Not true. If you have a wining edge it will work in all asset classes including stocks, options, and futures. Why would you want him to go for more leverage on a losing streak is beyond me? Futures are good if you are short of cash. If you have over $ 100,000, you can easily make good...
  5. oraclewizard77

    Ex Vcm'er Thinking Of Joining Pristine's Prop Program

    If you want leverage, you can open a retail futures account for $ 5,000.00.
  6. oraclewizard77

    ES and CL Intraday strategies

    Yes, I agree, if I don't see a setup, I need to set price alerts to wait for key price areas instead of pushing a trade.
  7. oraclewizard77

    ES and CL Intraday strategies

    Ok, for now all trades are 1 contract trades. 1st day loss was $ 800 over traded and did not follow setups. 2nd day profit was $ 75 traded setups correctly but manually reduced targets. If I did not move targets, I would have made $ 200.00 Recently, I have had big losing days due to...
  8. oraclewizard77

    2011: Rebuilding My Battered Account

    BW is right in that an Index can be better to day trade sometimes since its less affected by individual company news. Selling a put or any option for a premium can be a good trade. However, one must remember that selling a put is the same as buying the stock at that price. If one...
  9. oraclewizard77

    ES and CL Intraday strategies

    I had a breakout system that on Forex that worked for a year then stopped working. Some of the new setups are from traders that I respect. I feel the problem I am having is not the setups but more over trading and/or revenge trading. For Forex, I would set the stops and targets and let...
  10. oraclewizard77

    Ex Vcm'er Thinking Of Joining Pristine's Prop Program

    What do you mean about so little share size? Do you only get to trade 100 shares? If you are trading 10,000 shares, you could blow $ 2,000 in one hour.
  11. oraclewizard77

    Ex Vcm'er Thinking Of Joining Pristine's Prop Program

    Can you answer a few more questions. What is the $ amount of the education fee? Is it a monthly fee? Can you verify that you are actually depositing just $ 2,000 so I assume that your losses are taken off of the $ 2,000 so if you blow that you will need to deposit more money? Are...
  12. oraclewizard77

    ES and CL Intraday strategies

    As noted the goal of this journal is to make me more disciplined which includes not over trading or revenge trading plus to achieve positive $ results on futures. Also, goal is to get me to only trade real setups and have patience to wait for them. Once this hopefully occurs, I plan to end...
  13. oraclewizard77

    ES and CL Intraday strategies

    Total of 3 trades for the day. 2 winners and 1 loser. Much better than yesterday when I did not follow setups. Monday, I think I will just do a summary and not call out live trades like I just did.
  14. oraclewizard77

    ES and CL Intraday strategies

    Target hit. Positive for the day. Reason for this trade indicator that I use and will not discuss plus Golden Cross. However, ES kept running. Both times on CL and ES I lowered my target after getting into the trade, so made less profit that I should. This will be the goal for Monday to...
  15. oraclewizard77

    ES and CL Intraday strategies

    I have lowered target and raised stop. See what happens.
  16. oraclewizard77

    ES and CL Intraday strategies

    Long ES target resistance, stop around support.
  17. oraclewizard77

    ES and CL Intraday strategies

    Target hit on CL, and stop hit on ES. I should have held CL for higher profit. Around BE for the day.
  18. oraclewizard77

    ES and CL Intraday strategies

    Hedged Trade with long CL against my short ES. Reason for trade indicator.
  19. oraclewizard77

    ES and CL Intraday strategies

    Trade is going against me, but has not hit my stop. Reason for trade, with trend trade and Golden Cross.
  20. oraclewizard77

    ES and CL Intraday strategies

    Currently short 1123.50 ES.
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