The Chronicles of Rennick
- Thread starter William Rennick
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I was pointed to this thread by an ET member who asked that I give it a thorough review. After 4 days
of careful review here are my thoughts.
First I will say that I am a 20 year veteren of things Market related. I have an extensive network of others who make their livings in the Markets,
I say this to establish that I've been in this scene for a while.
Now for my review of the forecasts.
I would agree with Austin that it is entertaining, going a bit overboard at times. However, I'm not here to be entertained. This is where I will strongly disagree with Austin.
The intraday real time Market forecasts that have been posted in this journal in full view of thousands are unconditionally exceptional. I have reviewed each call posted here and would challenge anyone here to do the same. If it was just a handful of accurate calls I'd say no big deal. However almost every call is not only accurate, but in most cases we're talking Bullseye. Don't take my word for it though check for yourselves.
I believe this could be a true edge. I hope the technology being used is not going to be revealed as this will end its effectiveness in short order. Also there is a risk of becoming to widely followed which would also kill it. Let's hope it's all legal. I can't see how broad based Market calls wouldn't be. Just my 2 cents.
Fritz G. Braun
of careful review here are my thoughts.
First I will say that I am a 20 year veteren of things Market related. I have an extensive network of others who make their livings in the Markets,
I say this to establish that I've been in this scene for a while.
Now for my review of the forecasts.
I would agree with Austin that it is entertaining, going a bit overboard at times. However, I'm not here to be entertained. This is where I will strongly disagree with Austin.
The intraday real time Market forecasts that have been posted in this journal in full view of thousands are unconditionally exceptional. I have reviewed each call posted here and would challenge anyone here to do the same. If it was just a handful of accurate calls I'd say no big deal. However almost every call is not only accurate, but in most cases we're talking Bullseye. Don't take my word for it though check for yourselves.
I believe this could be a true edge. I hope the technology being used is not going to be revealed as this will end its effectiveness in short order. Also there is a risk of becoming to widely followed which would also kill it. Let's hope it's all legal. I can't see how broad based Market calls wouldn't be. Just my 2 cents.
Fritz G. Braun
How dare you!
I came home late, there was an email from a friend mentioning that there was some extra love for me in this thread. So I rush here, and I see nothing. Absolutely nothing! All the love is edited out! There was only 1 love PM from Caddyshack, I guess I have to send him $30 or so, because he can't efford it. Check is in the mail, pal...
Now about the signal. I think it is pretty good but it should be used with futures instead of options for the obvious reason. If you don't understand what the obvious reason is, well, just keep reading my posts.Maybe one day you will get enlightened....
I like Bill, I like his prose. Nevertheless if you read this thread for the prose, you shouldn't care about my complaints (doesn't effect you), if you read it for the signal, you should agree with me. End of story.
Now I checked again my birthcertificate, and my middle name is still Objectivity. So if I see it flat, I call it flat. Like it or not. Most people can't handle the truth, too bad for them.
Pekelo out
(leaving for a meeting of the Flat Earth Society)
This guy Pekalo sent me 4 very friendly PMâs today and now I get this crap in an open forum. I donât want to spend much time on this so Iâll try my best to be brief. Hereâs how the âChronicles of Rennick works. I find out what the âBallâ is saying around 1:05 pm. My next move since I try to be a trader is to form and execute a battle plan as to if, how, and when I will place an actual trade. I try to execute this ASAP and it is my first priority. Some of you guys actually trade and know where Iâm coming from.
The next thing Iâve been doing lately is to add some âschtickâ to the âBallsâ actual call and post it here in this journal. Then once the live market session is over I do an end of day summary and post that days chart so that no one can try to say Iâm being dishonest. The actual âBallâdoes this also. If you can get more transparent than that let me know. If someone wants to disagree thatâs fine. Today I even went so far as to mention that the âBallsâ morning call was WEAK and that it didnât hit payday until the 1:45 pm lows of the day. If I was trying to be dishonest about the effectiveness of the âBallâ I would have never mentioned todayâs Morning call had to bake in the oven until the early afternoon. Bottom line is that it was a profitable call as my overnite position hit the mark, a little late but what the hell
I appreciate Pekalo schooling me on the e miniâs and of their advantages over options.. But his comment that the âBALLâ wonât work with options is laughable. I can attest to it, as well the âBallâ himself. This guy keeps attacking on days when the âBallâ has a good day, I canât wait to see what he does when it scores a miss. Anyway itâs late, if any of you ETerâs are interested in what this is about just check out the Tuesday posts on the previous 3 or 4 pages.
Rennick out
The next thing Iâve been doing lately is to add some âschtickâ to the âBallsâ actual call and post it here in this journal. Then once the live market session is over I do an end of day summary and post that days chart so that no one can try to say Iâm being dishonest. The actual âBallâdoes this also. If you can get more transparent than that let me know. If someone wants to disagree thatâs fine. Today I even went so far as to mention that the âBallsâ morning call was WEAK and that it didnât hit payday until the 1:45 pm lows of the day. If I was trying to be dishonest about the effectiveness of the âBallâ I would have never mentioned todayâs Morning call had to bake in the oven until the early afternoon. Bottom line is that it was a profitable call as my overnite position hit the mark, a little late but what the hell
I appreciate Pekalo schooling me on the e miniâs and of their advantages over options.. But his comment that the âBALLâ wonât work with options is laughable. I can attest to it, as well the âBallâ himself. This guy keeps attacking on days when the âBallâ has a good day, I canât wait to see what he does when it scores a miss. Anyway itâs late, if any of you ETerâs are interested in what this is about just check out the Tuesday posts on the previous 3 or 4 pages.
Rennick out
Man, this morning I am a bit dizzy. It is either luck of coffein or I am entering the Spinzone. Since I had a coffee this morning, draw your own conclusions.
Now Bill, you got friendly PMs from me, because I am a friendly and knowledgable guy. I help people where I can. I have 1100+ posts if one wants to call me on that. But that doesn't mean I don't call BS where I see BS, even if it is unintentional. Friends are for drinking beer with, not for agreeing with you all the time.
Now let's see what caused my dizziness:
OK, so far so good, I originally assumed the first signal was good until the next signal came, I was wrong, it ends at noon. But:
I beg your pardon? We just agreed that we do the evaluation at noon, you scolded me when I did it until 1 pm and now you do it until 1:45 pm?? I thought we are playing with the same deck of cards here! How naive I was....
Now, your saying of being honest is appreciated, and I think you are. Nevertheless, since signals are evaluated by the signalgiver and posted on the website, it is hard for you to cheat, because you can be called on...
Speaking off evaluation... Let's check, what the signalgiver himself said about yesterday's morning call!
[checking...]
Geee, my parents must be proud of me. He actually AGREES with me!!! He said it was a bad call. That's what I said too. Strange world we live in...
There is a little confusion on his behalf though, because he seems to be evaluating at 1 pm instead of noon. (it actually would make sense) Now if you think it matters little, you are wrong. Depending on how long you stretch the morning session, you can end up with a good or bad prediction, and that effects your statistics.
Now I don't want to go into the options vs. futures because I already explained it to Bill in Pms, just think about the FACT that on Monday even though there were 2 correct calls, he didn't make any money with options (expiration being 4 weeks away and too small moves) by day's end, he had to stretch it overnight.
So I said what I had to say, if you guys don't like it, well, I can stop pointing out Spins, I didn't realize so many Fox News watchers were here.
I feel like Galileo when he pointed out correctly that the Earth was flat and he got electrocuted for it. I hope you guys don't have live electric wires at hand....
Now Bill, you got friendly PMs from me, because I am a friendly and knowledgable guy. I help people where I can. I have 1100+ posts if one wants to call me on that. But that doesn't mean I don't call BS where I see BS, even if it is unintentional. Friends are for drinking beer with, not for agreeing with you all the time.
Now let's see what caused my dizziness:
OK, so far so good, I originally assumed the first signal was good until the next signal came, I was wrong, it ends at noon. But:
I beg your pardon? We just agreed that we do the evaluation at noon, you scolded me when I did it until 1 pm and now you do it until 1:45 pm?? I thought we are playing with the same deck of cards here! How naive I was....
Now, your saying of being honest is appreciated, and I think you are. Nevertheless, since signals are evaluated by the signalgiver and posted on the website, it is hard for you to cheat, because you can be called on...
Speaking off evaluation... Let's check, what the signalgiver himself said about yesterday's morning call!
[checking...]
Geee, my parents must be proud of me. He actually AGREES with me!!! He said it was a bad call. That's what I said too. Strange world we live in...
There is a little confusion on his behalf though, because he seems to be evaluating at 1 pm instead of noon. (it actually would make sense) Now if you think it matters little, you are wrong. Depending on how long you stretch the morning session, you can end up with a good or bad prediction, and that effects your statistics.
Now I don't want to go into the options vs. futures because I already explained it to Bill in Pms, just think about the FACT that on Monday even though there were 2 correct calls, he didn't make any money with options (expiration being 4 weeks away and too small moves) by day's end, he had to stretch it overnight.
So I said what I had to say, if you guys don't like it, well, I can stop pointing out Spins, I didn't realize so many Fox News watchers were here.
I feel like Galileo when he pointed out correctly that the Earth was flat and he got electrocuted for it. I hope you guys don't have live electric wires at hand....
Uh, Pekelo, I think electricity officially flowed thru wires sometime after Galileo (my old country fellowman) went from genius to fertilizer. I could be wrong, but wasn't Ben Franklin the discoverer of that?
I hope the ball predicted a down morning... short to the gills and piling on is the play :>)
Looking forward to the Mighty Rennick's approach to his afternoon gaze
AP
I hope the ball predicted a down morning... short to the gills and piling on is the play :>)
Looking forward to the Mighty Rennick's approach to his afternoon gaze
AP
Pekalo, First of all these guys on ET are smart enough to know if someone is lying to them . I'm putting everything in real time in this journal as well as charts to verify. I don't care if you want to flame everything with your BS, but keep it short and sweet. Your superlong rants over something you could put in a sentence shows that this isn't about me or the "Ball", it's about you. 1100 plus posts isn't really something to brag about, plus if they're all long winded. You should have pay for all the excessive server space.
You told me in one of your PM's the size you trade in. I've had commissions on a round turn that were more than your entire account. It got that big by trading options, so keep that in mind oh great trading whiz. I still appreciate your advice on the e minis, it's the way you act in a PM vs. how you act here in an open forum that shows your true character. You remind me of someone else on ET, maybe one of your other aliases I've tangled with.
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You told me in one of your PM's the size you trade in. I've had commissions on a round turn that were more than your entire account. It got that big by trading options, so keep that in mind oh great trading whiz. I still appreciate your advice on the e minis, it's the way you act in a PM vs. how you act here in an open forum that shows your true character. You remind me of someone else on ET, maybe one of your other aliases I've tangled with.
.
Good call Austin ,,the "BALL" was calling for FLAT this morning, which was a reflection of how the "Smart Money" was positioned ahead of the surprising Housing number. Breaking news is a caveat that can't be predicted which is why Market survivors rarely trade in front of it if it's of the scheduled variety.
So ,there ya go Pekalo, the ball was off this morning. Go after it, try not to mention the breaking news or the fact that the "Ball" had it's followers under the safety of a don't trade Neutral position
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