The Chronicles of Rennick

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perhaps the ball service seller is using it for front running as he issues it after he is already in a index position and gets out on the small move it creates.
 
Specifically, if you look at the timing of Rennick's posts, if directional, then more often than not, the market has a little burst in the direction of the prediction.

So, say the ball says down. Rennick could go short on the ES and immediately places a BTC say 1.5 points lower, then he issues his post and goes to the golf course. A number of people act on his post, the market reacts a little and when R gets home...

Not saying he does it. Just wondering. Or do you think that he issues the Ball's predictions from the natural goodness of his heart? I really would like people's opinions.
 
You will know that pit traders and market makers subscribe to a number of market gurus and figure out ways to take both sides of the predictions. Do you/anyone anyone think the principal of Rennick's ball is one to which they subscribe?
 
Quote from ETUserisme:

Specifically, if you look at the timing of Rennick's posts, if directional, then more often than not, the market has a little burst in the direction of the prediction.

So, say the ball says down. Rennick could go short on the ES and immediately places a BTC say 1.5 points lower, then he issues his post and goes to the golf course. A number of people act on his post, the market reacts a little and when R gets home...

Not saying he does it. Just wondering. Or do you think that he issues the Ball's predictions from the natural goodness of his heart? I really would like people's opinions.
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MOOOHAHAHAHAHHAHAHHAHAH,, I CAN BE VERY EVIL,,MOHAHAHAHAHA...INDEED I SHALL ONE DAY RULE THE WORLD!!!

THE ANTI-RENNICK OUT:cool:
 
Quote from austinp:

I have a question: "The Ball" offers an edge to overall market direction, more often than not. But... where & when does one enter exactly, precisely in order to profit from such predictions?

Said another way, there is no way to "front run" or sabotage the calls... they are too generic in nature. What is a trader to do? Hit buy or sell the moment they read its prediction? Which prediction? The actual call? Rennick's relay?

Not to mention each user getting the "news" and then acting upon it live in the market is a deliberate process, not an instant event.

Nice bias filter, far better than nothing, worth $30 per month. Other than that, it offers nothing per specific trade entries that lets a trader use it exclusively for profit over the long haul NOR can it be overwhelmed by traders' volume.
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Another intelligent post AP, your take on things Market related shows that you have an understanding of this business that far exceeds most here on ET.

Rennick

ps. how's the little lady doing?:cool:
 
<i>"ps. how's the little lady doing?"</i>

Lifting weights at full strength, complaining about being bored and bitching about this & that to the usual level of expectancy.

I'd say all has returned to normal, thank you :p
 
I'm sorry if I offended you. I didn't mean to impugn anything. Presumably we are all here to learn and, as I said, I was only wondering.

However, when you have time, I would appreciate more details as to why you post the PM predictions.
 
Quote from ETUserisme:

However, when you have time, I would appreciate more details as to why you post the PM predictions.
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Haven't you read them?

Because they're some of the funniest and most creative writing I've ever seen on ET. Absolutely hysterical while you're doing the:

1. Wait for setup
2. Enter Trade
3. Monitor Initial Entrance
4. Trade moves in your direction
5. Move stop to break-even and Monitor indicies and internals
or
6. Trade stops out
7. Wait for next setup

Cycle.

See what I mean? Sheesh, I hope he brings'em back at full strength !!
JJ :)
 
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