I gotta give credit where it's due. As I recall, Star made some killer calls on more than a couple occasion as this market climbed up for the last few months. If I were you, I wouldn't write him off just yet.
You misinterpreted my post. I'm not writing him off at all. This wasn't me being sarcastic at all. From what I've seen on this forum he's been at least one of the most successful traders here, if not the most successful, at least lately. And I've been very, very impressed. Now I haven't been here long enough to make that assessment for the entire time, and I haven't read all the old threads. But my post was saying just stay tuned, and maybe after a pullback this does go to 100. I'm wishing him well and everyone here shorting and going long along the way. I don't knock anyone. Not my style. I'm pulling for everyone to just kill it and make tons of money and have us help one another as best we can to do that. Star takes a longer view of his trades it seems, at least at times, and like your very successful swing trade, that's the way to make the most money as long as you do manage the risks involved. And the "answer" from the crystal ball talked about perseverance. That's what he's doing and hopefully it will swing back his way. And of course this all goes back to our discussions of the use of stops, etc. I'm not promoting his trading style, or anyone else's, and not even mine. I haven't received any calls from Jack Schwager to include me in his new genius traders book. Ha. Or maybe he'll write a book and include me just to say, "Don't do what these traders do." Ha. Hey, we're all doing the best we can and sometimes we do things well and sometimes we make mistakes. And sometimes we make money and sometimes we lose it. But I always wish everyone well. The best thing about this thread is us sharing individual takes, and supporting one another, and especially what's good is the lack of negativity and swiping at one another, and putting one another down. People who are successful mostly don't have the time or desire to rag on others. At least this is usually true. Just as people who are happy don't either. They're too busy enjoying life. It's unhappy, insecure people who are so critical.
Anybody know about this usman88 handle? He used to make great calls on Crude OIL , the link shows last he posted is 03-12-2010. Is is using new hanlde ? He is from Pakistan as per his own posts. http://www.elitetrader.com/vb/member.php?action=getinfo&userid=87701
No problem. Everything's cool with me. I know the dude long enough to know that he can slug the ball pretty hard, although he can also strike out spectacularly (especially when he butts his head against this noob--oh ho ho ) as we're all prone to do at times. Anyway, I look forward to more of your insightful posts.
Several folks are swinging longs here. Is this based on the lower Keltner line touch? My daily trend line is still below 87.00, but price is hanging out at the Keltner 2 dev lower line on the daily, and only made a very mild overshoot last time around Thanksgiving.