The Chronicles of Rennick

Too bad you did the right thing and closed out that trade. If only we could be like Marty McFly, go into the future to get a five year daily chart and come back.

 

Last post because Bill seems to be pissed by valid criticism. Well, most people are. This is his thread so why should I try to make sense? I apologize for the interruption...

Bill, you have a reading impairment. Probably that's why you complain about my long posts. I mentioned to you that you didn't make money on MONDAY inspite of the ball being right, then you refer to TUESDAY that you did make money. At Monday's close you were at breakeven. Correct?

Also you made 3 non sequiturs in your post but failed to address any of my criticism. So I guess we are going to say goodbye, again...

Hate to tell you, but you didn't read the website carefully because it says:
"The MTI has a 65% accuracy rate as determined by backtesting of nearly 2 years of intraday Market data."

I pointed this out to you in PM and you call me a weirdo, because I base statistics on 2 days. No, I didn't, but I read the website.

Then again, I was right and you were wrong...

So let's share the problem of 65% with ETers:

If you get 65% accuracy by stretching the evaluation time back and forth, then your REAL accuracy is probably not better then 50%, thus you might just use a coin...

Good luck to you, no hard feelings. I was right about you at the first time, when I put you on ignore a few months back. There, right again...

Again, I apologize for making sense, my bad...Good night and good luck...

 

Ramaswami Rennick -

Hope all this negativity doesn't put you in poor cheer before your afternoon call.

Looking forward to some good humor as usual (with a decent market call as well ).

Sandy

 

Guys, things that have gone on here today have got me really reconsidering if I want to do this. It has really nothing to do with Pekalo, although he exposed the real problem,.You see I'm before anything else I'm an American. Earlier this year I was at the American Cemetary in Normandy . That was honest to God the most beautiful place I've ever been to. There was a deep peacefulness , and so much honor. Those boys died defending our Country from the tyranny that threatened to take over if not stopped. The thing they were most fighting for are the freedoms that we are so lucky to enjoy. I don't expect to find total freedom here on ET. I'm trying to word this in a way that won't be edited. But when the playing field isn't level and I can't try to defend against someone like today without having my full comments being deleted, than nah, no thanks. Maybe I'll feel different tommorrow. You guys take care.

Rennick...out

 

Well, I don't know what was deleted (other than a "steaming pile", which wasn't even yours Rennick), but if this thread dies, it will be a damn shame.

It was one of my favorite on ET.

 

Last night's post:
<i>"My point is this: to hell with what time on the clock certain predictions come to pass / don't come to pass. Let's not abuse Rennick in any written = verbal manner for what he conveys. Capiche`?

<b>Let's never run the risk of having him say, "Oh what's the use. I'm done with this stuff. They can live without my posts from here"</b>

I'd rather be reading these chronicles for years to come. If anyone has a problem with the subject matter TO THE POINT WITH WHICH THEY VERBALLY CASTIGATE in this thread, I personally think they miss the point about what is brilliant in here."</i>

**

From what I've seen, the posts in this thread have been much better than breakeven performance in <u>predictive</u> fashion, which is one helluva lot tougher than reactive trading.

I'm up $3,320 in the ER on ten contracts turned. Anyone who didn't know enough to short into the weakness following two days of coiled congestion could not be helped any further today. I personally don't use this thread for the specific service offered, but I do personally miss Rennick's posts not present here today :<(

Best Wishes Always,
Austin

 

I vote for Rennick.

I also vote for all of Pekelo's posts to be deleted and Wiliam's name and honor to be reinstated by the mod's court and good people of this forum.

 

You made $3300 and you were "short to the gills and piling it on?" I have no doubt you're piling it on...but it isn't futures contracts. I made nearly the same with a 6 lot in the mini S&P, so much for the coiled markets method. A day like today you should have made 3 x as much, IMO. Why don't you post your blotters in the trader P&L thread for a while and show us that you do walk the walk.

 

I understand your view perfectly and appreciate the time you took in answering.

But you must also understand that ET has lost many many good posters because they get bogged down by people who in many occasions have nothing good to add, but go to the fullest of lengths to find the smallest or most insignificant flaw in anything once a person shows any success or popularity.

In this case in particular, EVERYBODY knows that no system can predict market movements 100%. It is expected for any system to be wrong.
This is obvious to everybody. That Pekelo went out of his way trying to pinpoint what a morning or afternoon call is by the minute from a system which is expected to be flawed at times is ridiculous....and who gives a damm anyway....

This is just fun and entertainment.