Predicting intraday price movement

Hey Guys/
I think a pick at 1.2140 area for one more day to 1.2250...
that 1.2250...Might crash to 1.16 are for the next 50 days
So carefull out there
Hey Mike...
Up early ha?...
GL to all
 
Quote from William Rennick:

I just got home after hitting a jumbo bucket of golf balls at a wonderful lighted practice range. I grab some cookies and a glass of ice water, then I turn on my computer and find this garbage post by a moron who doesn't know what the hell he's talking about. I, Rennick was responding to a good question by the author of this thread. I, Rennick gave a positive review of a service that quite frankly I find amazing. They post every call that they make in their record archive which you as Joe Blow guy on the internet is able to review. That kind of honesty and transparency is unheard of, especially in this business of liars, con artists, stock brokers, and jackballs who can post BS on the internet. If you would have read the instructions on the top of the Record page you would have known to hover your cursor over the daily chart for the pop up table that you say doesn't excist. I should know I check it every morning to see if I agree with their judgement on the accuracy of the previous days call. The 10 am call your are so confused about was added about 2 weeks ago to forecast the Morning trend, the 12:15 is for the afternoon trend. Both calls are judged seperately for accuracy.
Normally I could give two hoots about someone slamming something, but since I was the one giving the site a thumbs up based on my personal experience I feel I should set this Moron straight. I'm a satisfied customer, next time I'll think twice before I endorse something or mention any names.

...Rennick out

ps. I regret calling you a moron but I felt that my integrity was questioned by some jackass on the internet,,ooops there I go again.
More...


hmmmmm ..... i can see how some may be skeptical with this service... for the reasons previously stated... HOWEVER.... this may just be one of the components i was looking for... to be part of my "FRANKEN-indicator" ..... boowwwaaaaa hhaaaa haaaaa
hhaaa


hmm their Sunday password doesnt work
 
another remark disparagin g indicators...........unbelievable.........no indicators no best traders in the world.........system is 100% all indicators .....25/7
 
I am sorry I wasn't with my trading buddy at the Vegas expo to talk with you. My friend Steve said are a genuine guy. I'm impressed that a guy who makes a much as you do will take time to speak with fellow traders.

How do you handle those days when you are down at one point over 100k, as I have heard you have had, only to come back plus 50k? Is it the confidence in TI/your system from testing data? Mental/psychology exercises? Please tell me, I would really appreciate it. I re-read your post, but I wonder if there is more to it than what you have already posted?

Thanks in advance.

Dan

Hi Dan:

Yes It is me. Since TI is planning to do a massive banner advertising here and other places, I figure I get ready for some questions and I will give it best to answer them.
To answer your question, about being down 100k and then coming back to finish +50k, you have to understand for someone who is averaging a $142k gain per day, it is a normal drawdown. To make it simpler, just divide the figure by 1000, then you will see the scale. My trading comes from great deal of Psycological strength I have build up over so many years of trading(19 years).
The confidence level gets increased evry winning day. With that kind of confidence you can move mountain and without it you could not move a small rock.

I look at the market as an arena and I am not afraid to face the fighter. I also know the fighter is concern about me winning also. I go for knock out punch and if within first 2 trades of the day I get my goal, then I quit for the day either by not trading or simply reducing my contract size so much that in worse scenario case they can only take away portion of my gain. I have won the title for the day and I will come back for another fight tomorrow.
Market is 10% skill and 90% Psycological. You could know where the price is for you to go short or long but it takes great deal of effort psycologically to stay with the trade and let the trade get you out, rather than you second guessing of the trade. Good Luck.

Franz Shoar
 
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