NexusFi: Find Your Edge


Home Menu

 





Faking a Chart


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one Underexposed with 2 posts (0 thanks)
    2. looks_two Rad4633 with 2 posts (2 thanks)
    3. looks_3 futuretrader with 1 posts (0 thanks)
    4. looks_4 rmejia with 1 posts (0 thanks)
    1. trending_up 3,863 views
    2. thumb_up 3 thanks given
    3. group 3 followers
    1. forum 9 posts
    2. attach_file 2 attachments




 
Search this Thread

Faking a Chart

  #1 (permalink)
 
Rad4633's Avatar
 Rad4633 
Greensboro NC
 
Experience: Advanced
Platform: TOS/ NT Dorman
Trading: ES TF CL
Posts: 1,357 since Sep 2011
Thanks Given: 2,657
Thanks Received: 894

Ive heard of vendors faking charts but have never seen one till a while back, reason Im posting this is never believe what you hear or see hindsight. Year or so back @Big Mike briefly mentioned in a thread of this. Now a days I dont surf around much but I ran across a video and watched others by same poster where this trader talked about why he took trades etc all of his markers were listed so at first glance I said "WOW" how is he doing this? whats his read? after so many more videos and reading on a site I called b/s no one can trade this well. So my point is New traders unless you see it live dont believe markers etc unless there posted live

In conclusion I thought to myself afterwards how many people actually believe him? posting my first time attempt at cheating a chart and yes I left mistakes just because this was a test for me and no Im not a computer guy but if I was I'd be a AMAZING trader

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:

Can you help answer these questions
from other members on NexusFi?
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
Build trailing stop for micro index(s)
Psychology and Money Management
Better Renko Gaps
The Elite Circle
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
36 thanks
NexusFi site changelog and issues/problem reporting
22 thanks
The Program
20 thanks
GFIs1 1 DAX trade per day journal
19 thanks
  #3 (permalink)
 
Rad4633's Avatar
 Rad4633 
Greensboro NC
 
Experience: Advanced
Platform: TOS/ NT Dorman
Trading: ES TF CL
Posts: 1,357 since Sep 2011
Thanks Given: 2,657
Thanks Received: 894


Ive never used paint before in my life so in 10mins did this

Attached Thumbnails
Click image for larger version

Name:	p1Mod.png
Views:	247
Size:	89.6 KB
ID:	141560  
Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #4 (permalink)
 Underexposed 
Calgary Alberta/Canada
 
Posts: 934 since Feb 2014


Rad4633 View Post
Ive never used paint before in my life so in 10mins did this

Well I busted you in less than a minute ...looking at that chart. I know nothing about the Ninja trading platform but looking at the X-Axis I would expect each major tick should be an equal time interval

10:03:03 to 10:17:16 = 00:14:13

12:45:31 to 13:23:37 = 00:38:06

I am sure there are other aspects of the chart that stand out but the time interval was rather obvious to me.

I would not give up your day job to be a chart faker

Bottom line is to make your own charts and not depend on the charts of another...first you learn more by making your own charts and second you have the confidence that at least you are making decisions on good information

Reply With Quote
  #5 (permalink)
 
rmejia's Avatar
 rmejia 
Puerto Rico
 
Experience: Intermediate
Platform: thinkorswim
Broker: TD Ameritrade
Trading: Options
Posts: 379 since Oct 2010
Thanks Given: 3,614
Thanks Received: 441


Underexposed View Post
Well I busted you in less than a minute ...looking at that chart. I know nothing about the Ninja trading platform but looking at the X-Axis I would expect each major tick should be an equal time interval

10:03:03 to 10:17:16 = 00:14:13

12:45:31 to 13:23:37 = 00:38:06

I am sure there are other aspects of the chart that stand out but the time interval was rather obvious to me.

I would not give up your day job to be a chart faker

Bottom line is to make your own charts and not depend on the charts of another...first you learn more by making your own charts and second you have the confidence that at least you are making decisions on good information

It's not a time chart, it's a tick chart. Ticks do not form at an "equal time interval". It depends on the trading volume. Look at the Globex session times to see this more clearly.

What Rad faked is the trade markers, the blue and magenta arrows. The rest is legit. I think he can still consider quitting his day job to be a chart faker!

Reply With Quote
  #6 (permalink)
 Underexposed 
Calgary Alberta/Canada
 
Posts: 934 since Feb 2014


rmejia View Post
It's not a time chart, it's a tick chart. Ticks do not form at an "equal time interval". It depends on the trading volume. Look at the Globex session times to see this more clearly.

What Rad faked is the trade markers, the blue and magenta arrows. The rest is legit. I think he can still consider quitting his day job to be a chart faker!

ok well I did say I was not familiar with the chart format....my comments on doing your own charts still stands though

Reply With Quote
  #7 (permalink)
 
aligator's Avatar
 aligator 
Las Vegas, NV
Market Wizard
 
Experience: Advanced
Platform: Abacus, Slide Rule, HP-65
Trading: Futures, Stocks, Options
Posts: 3,615 since Aug 2010
Thanks Given: 1,071
Thanks Received: 5,988


Rad4633 View Post
Ive never used paint before in my life so in 10mins did this

Ok, now I am totally confused. The problem is your Faked chart is so believable. You can't go wrong quitting your day job

Visit my NexusFi Trade Journal Reply With Quote
  #8 (permalink)
 futuretrader 
Como Italy
 
Experience: Intermediate
Platform: Ninjatrader, customized
Trading: ES
Posts: 525 since Feb 2010
Thanks Given: 471
Thanks Received: 643

But why would anyone want to spend 10 minutes doing something as unethical as faking it? . . .




. . . when you can take real trades in replay in half the time . . .

Reply With Quote
  #9 (permalink)
 
tturner86's Avatar
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-40
Trading: GBU-39
Posts: 6,191 since Sep 2013
Thanks Given: 10,459
Thanks Received: 12,695


futuretrader View Post
But why would anyone want to spend 10 minutes doing something as unethical as faking it? . . .




. . . when you can take real trades in replay in half the time . . .

You have to watch out for that as well, people trading market replay instead of live and masking it like it is live.

As with any con they will do enough to get the coin in your pocket.

Visit my NexusFi Trade Journal Reply With Quote
  #10 (permalink)
 
trendwaves's Avatar
 trendwaves 
Florida
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader 8
Trading: ES, NQ, CL
Posts: 703 since Dec 2012
Thanks Given: 2,898
Thanks Received: 2,525


Here's a popular vendor's "Live Demo" I thought was fun to watch... note the time of day on the PC system clock (lower right corner), the time stamps in the Time and Sales window, and the Account name in the DOM (Replay 101)....

Shadowtraders Live Demo February 5, 2010 - YouTube


Note the video summary:


Quoting 
This was a live trading demo in front of 282 attendees held at 8:15am EST. The demo was led by Melanie Son, one of Shadowtraders trader trainers


Be Patient and Trade Smart
Visit my NexusFi Trade Journal Reply With Quote
Thanked by:




Last Updated on March 26, 2014


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts