Urgent Message From Rennick
- Thread starter William Rennick
- Start date
"measured-moves" are very simple ( yet effective ) technical patterns that occur in stocks and commodities that appear as an "A-B-C" in either uptrends or downtrends.
Once you are able to identify the length of "A", you are able to then add ( as in the case of an uptrend ) or subtract ( as in the case of a downtrend ) the length of "A" from the counter-trend "B" move which then targets the end of leg "C".
In this case, the first move down was 8.5 points. Subtracting this off of the "B" wave counter-trend high gave a target in the low 1357 area.
Sometimes the "C" leg is not always an EQUAL "measured-move" but a fibonacci ratio of the move.
(.618, .500, .382 etc.)
In any event, this is a very easy way of obtaining a targeted "set-up" since the initial "A" leg is always followed by some sort of a counter-trend move, which then allows one to target the size of the "C" wave.
Quote from paysense:
RFT: It is against ET policy to place a re-direction (link) to your blog. You have sponsored links that generate revenue each time you send ET traffic there. Cease and desist OR YOU WILL BE REPORTED to the "mods".
PAYSENSE
I did not know that. The intent is to show that what I write as live market calls LIVE are true, and not a lie.
In addition,
1. I am helping people make money.
2. I am also referring people in my blog to elitetrader.
3. My extensive writing is here is useful to keep readers and spiders coming to this site.
4. Furthermore, I have a suggestion:
Why you do not start a blog, post in it my trading calls from my blog, and we will use your blog for people to check that my calls are a truth. I should be able to grant you the right to post the content of my blog containing my market calls, if you just send me a written request.
5. The traffic that comes to my blog comes CNN. And the few who come from here is dead traffic.
6. In addition, the adsense on my blog is not mine. It is a trust that raises funds to give to charities, and I have no relationship to the trust.
7. Are you not one of the people who wrote that what I post is not true and also that I write too much in here?
8. Also the time-stamp on the blog is good/reliable, and I can write and people can follow my trades without some people entering and starting insults.
9. People include URLs in here. I include it when I quote something. It will be intellectual piracy to include something without a reference to the owner of the information (in this case the blog). Otherwise it is plagiarism.
10. You should be a little nicer. Do not you think that the market calls I issue are worth 1000s of time what an ad would generate? You shoudl know because you have been making money with them, and you need them. Re-read what you wrote about when you shorted the last time (1945?).
11. Unless you are the owner of the site, you get nothing fucking right to speak on their behalf.
PS: I do not need ad money because I have free access to the money in your trading account.
What you fail to comprehend and understand is that the posters jumping your ass want you to leave this as Rennick's thread.
You do not seem to understand.
PS, you are still my hero though!
You do not seem to understand.
PS, you are still my hero though!
Quote from Trvlwanderer:
What you fail to comprehend and understand is that the posters jumping your ass want you to leave this as Rennick's thread.
You do not seem to understand.
PS, you are still my hero though!
I think it is you who do not understand. If I can read the mind of the market, what do you think I can do to one mind? I know who you are, your motives, everything. I respond to screen names, not to people behind them. You know that behind multiple screen names can be one individual.
PS: I still like you as well! Do you know where to run for a world championship on trading? Do you see a bit where I am getting to . But I think that you are smart, even when you think you are too sharp that you cut yourself
Quote from riskfreetrading:
I did not know that. The intent is to show that what I write as live market calls LIVE are true, and not a lie.
In addition,
PS: I do not need ad money because I have free access to the money in your trading account.
the ET moderator considers the possibility of changing everything to accomodate RFT
perhaps a name change to Elite-RiskFreeTrading.com?
hehehe....Quote from QQQBALL:
the ET moderator considers the possibility of changing everything to accomodate RFT
perhaps a name change to Elite-RiskFreeTrading.com?
Great suggestion. I will check if it is available (assuming that you do not mind me checking it as you thought about it first).