The Chronicles of Rennick

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I dedicate this post to those trusting souls who will be unable to type and therefore trade tomorrow because they have to blow on their burnt finger tips.

To those who decided to go with the short squeeze - jolly good show.

ETUser (cynically) out.
 
Quote from ETUserisme:

I dedicate this post to those trusting souls who will be unable to type and therefore trade tomorrow because they have to blow on their burnt finger tips.

To those who decided to go with the short squeeze - jolly good show.

ETUser (cynically) out.
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It's should be noted that this Jackball only only snaps off when he thinks the "BALL" scores a miss. He says he's a "BALL" member who is monitoring the calls and not trading. If that's so he should have reported the excellent Morning WEAK call on Friday which was issued at 9:40 am when the Dow was up over 40 pts. Before the morning session was over the dow was down by that much (-40 plus). The Friday afternoon call was for continued late session weakness... the dow closed down 32. This was a great call which scored an easy win for me which ETUser isn't reporting. Not very fair and balanced.

He also theorizes that I'm front running the calls which is laughable for many reasons. If I was doing that I would be posting more often, not less. Sorry guys, I've got some business outside of trading these days which is chewing up my "schtick" time to make lengthy posts. Anyway, the "Ball" ain't 100%, it typically is affected on the afternoon calls during earnings season on days when the major companies are reporting after 4 pm. That's my theory as to why it's been off on the closing calls more than usual lately. I should add that more often than not the accurate morning call already has me out for the day with a win before the afternoon call is even made.

Rennick out:cool:
 
I thought I didn't say you were front running, I wondered if you were. You can clear it all up by saying why you post proprietary information (noted it is with the consent of the originator).

I acknowledge the market was down marginally yesterday but because of the thin afternoon volumes on a Friday I don't much bother with Fridays. Nevertheless, on the days on which I checked, the market has moved following the issuance of the originators signal and yours. So, as someone (on here?) suggested in a previous post, maybe too many followers is the culprit.

The reason I am observing the signals rather than trading them is because I want to see the results for myself before commiting.

I am very sorry if I have offended you in any way whatsoever. I'll try and make sure that I do not transgress again. As a fellow trader I truly am on your side but would really like to know why you post the signals. Why the originator permits you to post them is obvious, why you are their lackey, so to speak, isn't. Do you, for instance, get your subscription for free? Given your undoubted intelligence and facility with words, it should be easy for you to say why you post the signals. Please don't take this as a snide remark, it's a compliment.

ETUser.
 
I thank you for your comments but the market I trade does have low volume on Friday afternoons. Sounds as though you may have got burnt Thursday PM? If so I'm sorry but I have no doubt that you will be able to make it up. If you didn't get burnt then it's a testimony to your skill and knowledge. And if just asking why he posts the signals is causing trouble then I suppose I'm guilty as charged and I am sorry.

JJ, you're wasting bandwith by calling me names because I won't rise to it. And yes, compared to many I am a Newbie, but by the same token one could say that some compared to me are Newbies. But it isn't very productive to pursue that. Instead, let's try an exchange of information. If you look at one market, say the ES, just for the last few weeks, then you'll see that it moves noticeably around the time of the PM signal dissemination. Much the same with the YM and ER2. There's usually a (relative) little spike in volume too. Why do you think the markets move as they do at the time? Is it coincidence, are the pit traders or whoever taking one or the other or both sides? Am I reading too much into it, is it just the normal ebb and flow of orders?

Regards (clownishly) :)

ETUser
 
Quote from ETUserisme:

I thank you for your comments but the market I trade does have low volume on Friday afternoons. Sounds as though you may have got burnt Thursday PM? If so I'm sorry but I have no doubt that you will be able to make it up. If you didn't get burnt then it's a testimony to your skill and knowledge. And if just asking why he posts the signals is causing trouble then I suppose I'm guilty as charged and I am sorry.
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9 times out of 10 (literally) ALL of the indicies (since you follow the BALL and you wrote in the singular, I think you are referring to them) have lower volume during the afternoon session. Yep, 9 times out of 10.

JJ, you're wasting bandwith by calling me names because I won't rise to it. And yes, compared to many I am a Newbie, but by the same token one could say that some compared to me are Newbies. But it isn't very productive to pursue that. Instead, let's try an exchange of information. If you look at one market, say the ES, just for the last few weeks, then you'll see that it moves noticeably around the time of the PM signal dissemination. Much the same with the YM and ER2. There's usually a (relative) little spike in volume too. Why do you think the markets move as they do at the time? Is it coincidence, are the pit traders or whoever taking one or the other or both sides? Am I reading too much into it, is it just the normal ebb and flow of orders?

Regards (clownishly) :)

ETUser
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In line with my previous post above, the markets will (usually) have a morning AND an afternoon session (once again, 9 times out of 10, I recorded the data). They have worked like this long before anyone here on this site started trading, and they will continue working like this long after we have all stopped trading.

The BALL (I am inferring here, as I do not subscribe to it) is merely a tool which is designed to assit its clientle in determining how to position their trades during those two trading sessions if they so choose.

JJ
 
BTW, I did not trade on Thursday's session, but only because I did not get a signal to do so, and the tight trading range allowed me to anticipate range expansion on Friday.

So I hit my Short at Resistance, and the rest, as they say, is history.

It's all recorded for posterity here.

Trading the Pivots

Regards,

JJ

edit: Notice that nowhere in these posts do I mention using volume as an indicator when I trade ... that's because I don't.
 

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Neither do I use volume but I was looking for some sort of correlation with the (approx) 1:00 PM postings, and I saw something. Look for yourself. FYI I tend to use price only - but that's for another debate.

regards,

ETUser
 
Quote from Bitstream:

volumes are for ladybabies. :D
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Bwahahaha, somebody ows me a new keyboard. :D

Quote from ETUserisme:

Neither do I use volume but I was looking for some sort of correlation with the (approx) 1:00 PM postings, and I saw something. Look for yourself.
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Lunchtime
 
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