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  1. oraclewizard77

    What is your edge?

    Really, no edges posted on ET.... maybe you are wrong. For those that don't want to pay for an edge, read all 1,000 - 2.000 pages from JH. This is not an edge that I use, but some people are profitable using it.
  2. oraclewizard77

    CL Redux

    I traded poorly today and moved my stops down on CL. Thankfully, my add did work out. I took 1 off at BE for my long, and my other got out at a profit. 4 trades a) Long CL, stopped out. b) Long ES near S2, stopped out c) Long, CL, added to CL, 1st out near BE, 2nd out at a profit. d)...
  3. oraclewizard77

    CL Redux

    Indicators are not working very well right now. Trend is currently down but still made some money on long trades. Did 3 scalping trades. 1) Traded long CL, was going for more ticks, but then it looked like it was going to break to downside so killed for a small loss. 2) Saw support on...
  4. oraclewizard77

    CL Redux

    Anyone planing on trading Monday or will you wait for the holiday to be over?
  5. oraclewizard77

    When support and resistance fails?

    I care more on when it will hold. So I use one of my edges which is non lagging proprietary indicator that tells me with high probability that for example support will hold and price will go higher. So then we have 3 outcomes: 1) I am right, and I make money. 2) I am right, but I get...
  6. oraclewizard77

    what kind of life would you prefer?

    I guess not many people from Denver like ElectricSavant have seen a celebrity in real life.
  7. oraclewizard77

    Does Level 3 exist?

    I am hiding on Level 77. Level 77 means I can see your ip addresses. Once I have this information, I remotely hack into your computer to see your trades. Since most of you suck at trading, I usually take the opposite side of your trade and target your stop.
  8. oraclewizard77

    2011: Rebuilding My Battered Account

    I added a new rule to my strategy. Don't trade at StarBuck's. I had a power issue and went there to trade. Big mistake, that was my only losing day.
  9. oraclewizard77

    CL Redux

    That was a nice double bottom. I made money in ES and CL by getting up a little earlier and being brave enough to take the trades. ES was a pure indicator trade with overall market trend. CL was more price action double bottom with thoughts that at almost zero interest rates and no peace in...
  10. oraclewizard77

    ES Journal Archive (2011)

    TF got me stopped out on a false breakout to the downside. I then went long CL which made back the loss plus a small profit. At this point I was sitting on a small profit, and wanted to either make a bigger profit or take a normal loss for the day. From my charts, it looked like ES had...
  11. oraclewizard77

    PNSN Penson Thread Deleted

    I have to agree. Using price alone to ban a thread is unfair moderation. Instead, look at the market cap and if its still trading on a real exchange. I agree with policy of not having threads with stocks that have .ob or .pk after them, or even if they are real penny stocks for example...
  12. oraclewizard77

    ES Journal Archive (2011)

    Stocks seem to be down today due to the EUR falling hard to the USD. Instead of trading ES or CL today, I felt good about a short entry on the 6E which is the Euro. This was a scalp trade, but it made me a little extra profit since the ticks are worth a little more than for example CL.
  13. oraclewizard77

    Lucrum on Ignore = ET has hope

    See, you have 2 choices when learning to trade. 1) Enroll in a school / pay a mentor. or 2) Figure it out yourself. When I learned Spanish, I did it with my girlfriend since she spoke Spanish, I would point to something, and ask her what is word in Spanish for that. When I learned...
  14. oraclewizard77

    Day trading is losers game

    Yes, you are right about that. The problem is some traders not you, may go for a 5 tick profit with at 25 tick stop. Since they are not currently advertising, this is the model of Alex from puretick. Yes, they have many days where they make money and lose nothing. However, 1 bad day, can...
  15. oraclewizard77

    Day trading is losers game

    Seriously, just because you need a 100 tick stop, does not mean there are those of us that have better systems than you, and can trade with small stops. Its called an edge. It means I can predict the future, so that sometimes, I can get into a trade and not even take 1 tick of draw down...
  16. oraclewizard77

    Why do most new traders fail?

    It takes 4 years or more to become a doctor or lawyer. Thinking you are going to be a trader in a few weeks is silly. Its not what people want to hear, but blowing out a few accounts is part of the learning process, think of it as your tuition. However, as been mentioned before hand, here...
  17. oraclewizard77

    CL Redux

    I was long 98.40 when I saw ES going up, and then got stopped out. Mistake was that I did not wait for my indicator to give me a buy signal. (If I waited for a buy signal, I would have made money being long on CL) I really just should have gone long ES on the fib pullback. I was silly. I...
  18. oraclewizard77

    looking to start trading futures

    Getting enough sleep is very important, since you need to be able to concentrate, and be able to recognize what is a trade and what is not a trade setup based on your trading rules. Then have the ability to set stops and targets and stick with them unless something real changes.
  19. oraclewizard77

    why can't i stop after 3 losers?

    I have had similar problems. I believe the issue is before you get into the trade. You need to say to yourself, this is the last trade for today, it does not matter if I win or lose. Since you are having an emotional reaction to the loss. This happens especially when you have been doing...
  20. oraclewizard77

    ES Journal Archive (2011)

    I woke up late so was not able to get any trades on the long side. However, I did a very nice short that paid off with a 2 - 1 reward vs risk. After I got into the trade, I went downstairs and took a walk so I would not have to watch the screen and not get tempted to move my stop or targets.
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