I agree with previous post, and would add this: A proper call should indicate at what price, time, direction, and size should the trade be. We wrote this afternoon on RFT's blog: "With NDX at 1937, we are selling the NDX longs, and going short (half normal size)." It contains time, price, direction, and size!
I agree with this too. Except I didn't look at Rennick's posting as meant to be that comprehensive. I see it as a market overview. The particulars are left to the reader. Reading through some of the more acrimonious posts, it seems some are looking for chat-room style calls, which (unless I am mistaken) was not the approach here. But W.R.'s comments are great! Grand levity.
That afternoon session was flatter than a chinese swimmers ass. A trader should not trade Friday PM's anyway, the Smart Money is usually already going home by lunch . Rack up a loss Beansie. Have a great weekend all. Going to see someone special somewhere beautiful... Rennick out
Short call was only good for an afternoon scalp. The signal ends up in the "wrong" column, but you didn't have to get spanked on it unless you entered and held blindly. And - as Scarlet O'Hara said - (Monday's) another Day!"
This is an interesting study. If there were enough winning calls vs losing: 1) I could take the call directionally right after it was posted in the morning. 2) Go have fun 3) Return around noon and exit 4) Take the Afternoon call directionally 5) Go have fun 6) Return at EOD and close the position 7) Eventually surpass Gates and Buffett Not bad. Might be able to handle that.
My bad "Renny". I thought I had double checked to see that the "Ball" called for STRONG market action, hence the good-natured jab that you must be a GENIUS! (and to make "the other's" green with envy, lol) But you are right - Friday's "Ball" whiffed :eek:. pay$ I'm sure you will have more fun than me, be sure to let us know all about it and make us even more green with envy!!