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Faking a Chart
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Created: by Rad4633 Attachments:2

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Faking a Chart

  #1 (permalink)
Elite Member
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Rad4633's Avatar
 
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Faking a Chart

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

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  #2 (permalink)
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  #3 (permalink)
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Ive never used paint before in my life so in 10mins did this

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  #4 (permalink)
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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

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  #5 (permalink)
1.Fibs 2.??? 3.Profit
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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!

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  #6 (permalink)
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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

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  #7 (permalink)
Market Wizard
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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

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  #8 (permalink)
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But why would anyone want to spend 10 minutes doing something as unethical as faking it? . . .

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

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

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. . . 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.

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  #10 (permalink)
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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
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