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  1. oraclewizard77

    All Wars have economics as the reason for War

    How is being in Afghanistan economically beneficial to the United States? They don't have oil, its very remote. and most of the terrorists actually are no longer in the country, but have fled to Pakistan. Actually, I think sometimes countries get into a war like a trader gets into a bad...
  2. oraclewizard77

    Analysis followed by action. Live Calls. (5min delayed)

    On ES, its either large traders or programs that try to fake one out.
  3. oraclewizard77

    CL Redux

    Got stuck in one of those trades where the market goes 1 tick in your favor and then reverses. However, we did not break the highs of the day, and the market initially sold off hard, so I added to the position where I probably should have entered the position to start with. Chart based...
  4. oraclewizard77

    Beer, which is your favorite???

    Red Rocket Ale and Sierra Nevada Pale Ale
  5. oraclewizard77

    Day trading difficulties

    No problem, I was just trying to help out. Thanks
  6. oraclewizard77

    Day trading difficulties

    I have to have to agree with you. I am also not going to follow this thread anymore. After just making double my profit on my last Forex trade than I did on my S&P futures trade, I realize how easy it actually is to trade once one focuses on reality. However, it is impossible to help...
  7. oraclewizard77

    Oh snap! Poker world rocked!

    Some people do have an edge to playing poker or trading. Just like some people like to drink whiskey and some like to smoke pot. The difference, is that the government said certain things are illegal until or if the law is changed. Also, some things that are illegal in most states are...
  8. oraclewizard77

    A death sentence for a young Chinese businesswoman chills entrepreneurs

    If you look in the news lately there have been a trust issue with small cap stocks due to fraud in China. Killing those who are convicted or admit they did fraud will reduce the amount of fraud and restore trust. Let's see some of these CEO's executed for their crimes. Rules are setup...
  9. oraclewizard77

    Day trading difficulties

    Your wrong about 4 - 5 times trend setups fail. I would say 70% of trend setups work. Its just you don't know what a trend setup is. 1) You need to define a trend. http://en.wikipedia.org/wiki/Trend_lines_%28technical_analysis%29 This is a good definition. 2) You then need to define a...
  10. oraclewizard77

    paranoia

    I was wondering yesterday, why I was doing better in the afternoon (after market close, but futures re-open) and not that good when I woke up. So I decided to do the exact same thing I did in the afternoon this morning, and guess what? I made some profit. So the truth is that your mind...
  11. oraclewizard77

    ES Journal Archive (2011)

    To EMG, this is CNBCPRO not normal CNBC so its like briefing.com, you get special alerts. Only problem, I should have placed a price alert since I missed a trade while doing other things. Market finally has started to fall after I placed my SPY trade, but of course the lower priced put got...
  12. oraclewizard77

    ES Journal Archive (2011)

    Long a vertical SPY put trade. I bought the SPY MAY 132 contracts and sold the MAY 128 contracts. I see a possibility of a small sell off in May. However, options are expensive so this trade allows me to reduce the cost. Also, I don't know when the sell off may occur and staying long the...
  13. oraclewizard77

    ES Journal Archive (2011)

    Good trades. I was waiting to trade after lunch. The R1 was 1316.25. However, anyone who had default short there got stopped out. I was listening to CNBCPRO which you can get on your computer. They stated that different companies from different industries were disappointing earnings...
  14. oraclewizard77

    Fading a Guru

    Ok, After it does not work, feel free to pm me, and I will explain why both you and the guru lost money.
  15. oraclewizard77

    Why only less than 2% of pokerplayers make a living playing poker???

    I would suggest that in NL poker, the problem comes to luck. You can play the best hand and still lose if for example another player gets lucky on the river. However, if you are a pro over time your skill level will provide you with an edge. For example, your skill level could be reading...
  16. oraclewizard77

    Calling it a day after reaching a profit target?

    I actually agree with limiting the number of trades per day. I don't believe that there are tons of winning trades. Instead there may be 4 good setups per day. Now if you have say a stop limit of $ 300, that means you may only be able to take 1 - 2 winning or losing trades before quitting...
  17. oraclewizard77

    CL Redux

    2 trades today. I went long on ES at around 1328. The problem with this trade was that I may have chased just a bit and/or did not move my stop to BE once I was almost to target. I got stopped out after missing target by .25. 2nd trade was a long on CL. I decided since my long on Friday...
  18. oraclewizard77

    Marriage, just don't

    Why would I be alone if my wife is 20 years younger than me?
  19. oraclewizard77

    Marriage, just don't

    I think its better to marry than to have kids. I see no benefit to having kids. A wife can clean, cook, keep you company at restaurants, and go to movies with you. Some even work and help pay the bills.
  20. oraclewizard77

    Why do 95% of retail traders lose?

    1) Having a specific risk vs reward for a trade. 2) Not moving stops or targets unless price tells you something new. 3) Revenge trading or over trading can be a killer. 4) Not understanding statistical probability theory. Note: I got an A+ in college in statistics and advanced...
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