The chArt of Deception

I read 16 pages of this.. and I could say is WTF?

 

bumpp

 

gheeze i log in to look around a bit how did I get sucked into this thread.. seriously I want that 15M of my life back..

 

Not the chart of deception, but rather the art of deception.

 

Hi, a newbie here.
This is so late post, yeah sorry, and I've been missed all the good education.
But I wonder where I could learn more the TFF stuff (NY,TG,Mr.Charts,TE,RN) as I still can't understand after reading their threads and want to help myself in this big gambling arena?

Any help would be greatly appriciated. Thank you

 

Interesting thread.

I suspect Redneck, MrCharts, and nysestocks are all getting at the same idea.

Here is what I think they are alluding to.

MrCharts' reaction to a picture of boobs:

Then he goes on to allude that large traders paint charts, to keep suckers happy:

Knowing this, what would most traders respond to? Like the boobs that draw a man's eyes, a huge trend draws price chasers or capitulators to the table like nothing else....... chasing that trend and buying tops, or selling bottoms in panic.

Boobs = huge spike, up or down, monkeys are drawn to it on impulse and instinctually jump on in the direction of the trend....

Then, a wise trader responds:

He's seen it all play out from both sides of the table. He knows that price chasers are being called to the trend and will wait until they are all in before taking the other side. He is anticipating a reversal.

There are huge intermediate trends and countertrends on that chart. Had you waited for these glorious moves to stop, then faded, you would have picked up the (very large) range.

Price chasers in this thread took the long side, I presume MrCharts, Redneck, and nysestocks would be waiting for a reversal to take the short side. That breakout will lure monkeys like moths to a flame. Large traders will permit the trend to continue for some time to "throw them scraps" from the table, lucky ones will take profits, unlucky ones will ride the reaction all the way back down.

:eek:

Boobs = irresistible moves / breakouts that suck you in by your impulsive nature, large traders paint these trends to get the mania under way, all the while taking the other side of your trade. Experienced eyes have seen it all play out before and are waiting for their signal to fade the spike, riding the capitulation back down as the herd rushes over the cliff......

Or, as nysestocks would say, buy low sell high / sell high buy low (90% of the time); buy high sell higher / sell low buy lower (10% of the time)

 

WT

Supremely righteous explanation Sir….

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Trading so reminds me of Spock playing 3D chess



Tis the FBO – with price’s recent trend/ move… or - counter to price’s recent trend/ move….

Is price at the top…, mid…., or bottom of its cyclical move


No matter really…. (well it does.., but then again really it doesn't)

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Trading each instrument are trend traders…., and counter trend traders – Thank Goodness

From the onset – a false breakout is designed to fail –– as;

Impatient counter trend traders are entering.., while weak handed with trend traders are exiting – creating / fueling the FBO

Of course there will typically be a couple of missing elements – which would otherwise show this FBO to be a valid BO… and support a real BO’s - BO move

Not hard to spot…, nor avoid – if one is willing/ able to sit patiently… and/ or understands how things really work

========================================

Now this is not to say the BO will never work – it most certainly will – at some point – either in the direction of price’s recent move…, or counter to it…

Just depends on what the powers that be decide

But until that is known – why risk it


Quality is always worth trading…. A big ole painted up falsification – not so much

========================================

One further thought;

Never trade the mkt – it can’t be beat, gamed, or influenced

Trade other traders (who can be)…, while tagging along with the powers THAT be

RN

 

this post is interesting. most people look at charts, they seek certainty, beautiful EMA lines, MACD cross, signals....

they did not realize all those are just what you do not need. just like in casio tables, those ladies around are so nice, sexy, ...

that is house edge. you could not resist those distractions.

a professional gambler know what the house trick, and take advantage of it.

I do not know how many people notice the market, like go up, they first dip and break your lines, then violently reverse and go up. or in a run up, it will go nicely just like textbook describitions, after you feel sure, suddenly blast, then drop, fall fast than drop, some guys will be trapped to buy reactions, but it contines drop, .. all those are house edges. but when you know those secrets, you are in their minds, and you can make money as free as you want.

take an example of recent market behaviors, everone including media talk about umemployment, the market runs higher, but when the real unemployment report out, good, the market blasts half hour, then down down down... the street insiders definitely know how to play the game.

charts, beautiful EMA, nice trends, ... all depends on how you stand in the street insider side, know what tricks are they playing.

charts are free, EMA, indicators all those fancy stuff are free, ...

 

The eyes.
The eyes reveal all.
Yes.
The eyes.
Yes.

"The painting has several features that will catch the eye."

 

I know this thread is old, but it's interesting how people sabotage themselves. It's like they don't really want to do well. Interesting.

Mrcharts is handing out good info here and there are a few great posts in this thread.