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I was commenting on the pair selection only and not the efficacy of his trade per se in terms of entry. For me personally, I have two outs: the stop-loss level or the technical model no longer holding the entry bias. For me and my clients it is an either/or rule. We set both our profit...

That is a great pairs combination, especially since XOM is the highest positive correlator to CVX in terms of individual stock names the past two years ( that is, not an ETF or Index ). Great combo choice.

I personally would not argue with success in anything. If, for example, Sugar on a chart and Sugar in an order book just behaved better to your eye and inspired confidence - then trade Sugar. In the end, does it really matter if you average $20K per month trading US Tens or Soybeans or the...

Go get yourself very well trained in the area of statistics. Then go learn a high end stats package like S-Plus. Very popular with the quants. One of many good ones. Then learn how to data mine. Just that simple. Should take you maybe four or five years...

More Old School excellence that really holds up well:

Old School Excellence that still holds up:

Looking at the OP, his handle, and the website he is promoting within his chart posts I would say this is either spam or worthy of hitting him up for a sponsorship http://www.elitetrader.com/vb/showthread.php?threadid=257961

And if you are always fading moves and making money at it, then don't change. How could anyone argue with a consistently successful methodology ? Listen, just because you can't trade a certain way personally does not mean that it is not a viable and successful strategy. Seriously. I...

Agreed - it is a perfectly reasonable strategy to take intraday trades along the same bias as the longer term trend.

Hajimow, you know that I wished for you that RIMM went to zero - so you know that I am a big fan. All the same, your declaration of victory is really really premature. Price technicals tell me otherwise. We need to take out that new trendline and stay below it in terms of daily...

Here's some jackass taking shorter term trades with the same bias as the longer term trend. Over in the Index Futures forum. Clearly he doesn't know what he's doing. http://www.elitetrader.com/vb/showthread.php?s=&threadid=258232&perpage=6&pagenumber=1

For God's sake what the hell are you doing taking shorter term trades with the same bias as the longer term trend ? Don't you know that you are supposed to be fighting the market in order to validate your own narcissistic ego that you are correct and the rest of the market is wrong ? Let's...

And I think that you just made the entire point of the thread IMHO.

Well, if true trend followers were buying SPY right now as you suggest, then they would be adding to an already very, very profitable position.

Germany makes really good high quality stuff. Always has. Even their enemies have always coveted their technology.

And I have gone out of my way, in repeated posts in multiple threads, to say in no uncertain terms that I do not predict peaks. Furthermore, I say in multiple posts and in multiple threads that predicting peaks is not necessary - and in fact, my models and the strategy I teach to clients is to...

RN, I do not think that you are lying. If you think I am calling you out, no offense and none was meant. My point was that for the masses not as talented as you, let the deep pockets go ahead and turn the market before getting involved. In other words, for example, let the present and long...

It seems to me that using one's energy in order to identify a trend before it happens is a bit like chasing the holy grail. In other words, a delusional venture IMO. Sorry, but market timing in that sense isn't required.

Third best post of the year so far. LMFAO !

A sell-off would be required to keep the long term bullish channel going. All sustained trending markets require corrections and retracements - it's a must. In fact, it looks like a probablility that we will sell off given where the market is in relationship to the upper channel line. There...