Lose all your capital fast, with MatTheCat and his TA 101A! - page 42.

MatTheCat

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Quote from: r0ach on June 03, 2016, 10:00:23 AM

At least the title of the thread is correct

Yeah Yeah....wotever.....

I am still a few hundred bucks up DESPITE the massive pump!

(that makes sense doesn't it?)

Anyhow, I am posting too many trades here....half I aint even taking cos they are LTF paper trades and/or experimental trades....

Like this one!

The criteria for this one to succeed however, are in full place....

Still aint taking it though, as MAs are still saying the bull is on.

r0ach

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At least the title of the thread is correct

MatTheCat

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This trade looks set for success!

Now remember kids, I just posted this trade. This is just something I believed was going to happen in Bitcoin, BUT, but most crucially, I never took the fkn trade!

I am not stupid. Infact, I am pretty smart. But I do like to piss on my feet, all the fucking time. I have a real talent for it. So it isn't the case that you all should do the opposite of what I say, but simply do the opposite of what I actually do!

Whenever I actually take a trade, I shall be sure to put a big warning sign on it, then you will all know to hunt for contrarian setups.

MatTheCat

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Quote from: LFC_Bitcoin on June 03, 2016, 04:35:33 AM

Maybe lay off trading so much Mat, stop trying to be too clever?

Just HODL for a bit & sell when we go up, simple but effective, no?

I can't be a 'holder' of Bitcoin, because I have no belief in Bitcoin. This is a money making racket, beset with technical and poltical problems. This may pump enormously from here, without looking much back past the recent $520 bottom, who knows, but rest assured, the aim here is to build up as much FOMO buying pressure as possible, at which point, 'they' shall swipe the floor out from underneath Bitcoin, and let the slaughter commence. Bitcoin has been transofrmed into a scam, to enrich a few Chinese dudes. Fuck Bitcoin.

Regard trading, truth be told....I am still a n00b, and learning all the time as I go. What I thought I *knew*, told me that Bitcoin was more like to head up, than down, but Mr Weak Hands here did get shaken out of his original long position, and when it set itself up again...I had the bright idea "Ah-ha, since this seems so obvious to me, it therefore must be the WRONG move! I shall instead paper trade the exact opposite trade, and perhaps I will have discovered that doing the least obvious thing, is the key to results!"

This was what I thought I *knew*, which told me that Bitcoin must surely jump up a bit last night:

All the LTF MAs, leaving a period of choppiness, and coming into unaminous agreement, that a bull trend was on. If I see this shit in conjunction with plent yother indicators suggesting UP, I shall know not to doubt it in future.

MatTheCat

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Ok..so my original upside targets were hit, bang on. So now for a little bit of retracing.

I shall not be taking this trade myself, as I have banned myself from shorting against MAs with hard ons.....So, I since have already discovered that doing the opposite of what I think is by no means te key to success in this game, but doing the oppsoite of what I actually do seems pretty fucking promising, because I amn't doing this:

Perhaps you all should!?

LFC_Bitcoin

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Maybe lay off trading so much Mat, stop trying to be too clever?

Just HODL for a bit & sell when we go up, simple but effective, no?

MatTheCat

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Urghhhhh.....what a fucking penis!

Even when I am right.....

I shall conspire to get it wrong:

Perhaps the key to success in trading Bitcoin, isn't to do the opposite if what I actually think, but the opposite of what I actually do? And for that, I need to be someonebody else.

r0ach

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Quote from: damnek on June 02, 2016, 07:25:55 PM

I would start trading a larger range, and I personally use an inverted profit/loss ratio. In my mind right now, in the face of the reward halving, it is very unlikely that we'll go under 450. However, it is much more likely that we'll hit 600 instead. Don't tap out when things look bad. Once you pick the trade, sit in it and don't give up. Also, I never trade with stops or leverage. Hope this will help

Mat doesn't actually do TA, like I said, he only holds Bitcoin for 1 hour at a time; as soon as he's in $1 profit, he closes the trade then fantasizes about how he'd like to buy back at $8 a coin. He makes no attempt to predict what the market will actually do, only tries to fabricate data to try and fit a buy in price he wants. This is why his charts are wrong 90+% of the time.

damnek

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Quote from: MatTheCat on June 02, 2016, 06:19:10 PM

I would start trading a larger range, and I personally use an inverted profit/loss ratio. In my mind right now, in the face of the reward halving, it is very unlikely that we'll go under 450. However, it is much more likely that we'll hit 600 instead. Don't tap out when things look bad. Once you pick the trade, sit in it and don't give up. Also, I never trade with stops or leverage. Hope this will help

r0ach

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Mat, I think all your trades fail because your charts are so cluttered with shit you can't even see the candles. That and the fact you've posted 10 charts in a row claiming Bitcoin is going to crash to $1 and all it does is go up.

MatTheCat

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Finex version of the same thing:

pariahbit

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Quote from: sandiman on June 02, 2016, 04:17:03 PM

Quote from: pariahbit on June 02, 2016, 09:33:54 AM

That's why some might cash out into USD. Either directly, or via BTC. Zero reason to be stuck in BTC.
That said, "rich people" don't store their wealth in ~~fiat~~ money. Because it's stupid, that's not what money's for. Rich people who think that keeping their money in a mattress is smart become poor people, with or without 0.5% yuan depreciation.

Sometimes keeping your usd in a mattress is a wiser choice that risking it in some risky investment. If your goal is to store your money and not increase your saving, just use fucking saving account, which are like mattress.

My ~~savings~~ checking account pays me interest, not much, but better than my mattress. Bonus: If my bank catches on fire or gets burglarized, my money is insured by FDIC. FDIC doesn't extend the same courtesy to my mattress.

That, of course, isn't the point. The only money that's kept in my bank account is money that I plan to spend in the immediate future. The bulk of my wealth (lol) is invested in stuff -- house, investments, cars, toys, etc.

But we're not talking about stiffs like me either -- we're talking about "rich people," who can afford to manage their risks. If even index funds overstep their risk tolerance, bitcoin is the last fricking thing they'll toy with.

Quote

Devaluation of yuan rel. USD & USD becoming weak rel. yuan are mutually exclusive.
Try logic.

Idk if you are not understanding his words on purpose, but is is written USD rel. Eur or franc swiss. American would be in a much better situation with a weak dollars vs euros regarding the huge amount of stuff that they export there...

1. American being/not being "in a much better situation with a weak dollars vs euros regarding the huge amount of stuff that they export [to Europe]" is neither here nor there, we are talking about the 0.5% (zero point five percent, half a percent) devaluation of RMB vs. USD triggering capital flight. Are you suggesting that USD buying power has dropped as a result of RMB devaluation?
2. By devaluing the dollar, America would be "in a better position" re. exports, but only if "better" is enumerated in (now devalued) dollars.

MatTheCat

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Quote from: r0ach on June 02, 2016, 02:35:13 PM

Because the chart is cleaner and I don't need any useless indicators on trading view that don't even work that you're using. For instance, if you were a good trader, you would have realized the China have been following MACD crossover religiously, while all of your more exotic indicators are completely useless. Fib levels have also been 100% useless on this, but the single entity that controls Ethereum follows fib levels almost always. If the market maker doesn't subscribe to your voodoo, your voodoo doesn't work.

LOL!

sandiman

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Quote from: pariahbit on June 02, 2016, 09:33:54 AM

That's why some might cash out into USD. Either directly, or via BTC. Zero reason to be stuck in BTC.
That said, "rich people" don't store their wealth in ~~fiat~~ money. Because it's stupid, that's not what money's for. Rich people who think that keeping their money in a mattress is smart become poor people, with or without 0.5% yuan depreciation.

Sometimes keeping your usd in a mattress is a wiser choice that risking it in some risky investment. If your goal is to store your money and not increase your saving, just use fucking saving account, which are like mattress.

Quote

Devaluation of yuan rel. USD & USD becoming weak rel. yuan are mutually exclusive.
Try logic.

Idk if you are not understanding his words on purpose, but is is written USD rel. Eur or franc swiss. American would be in a much better situation with a weak dollars vs euros regarding the huge amount of stuff that they export there...

r0ach

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Quote from: MatTheCat on June 02, 2016, 01:57:12 PM

Don't lecture me on trading. You are using charts from bitcoinwisdom.

Because the chart is cleaner and I don't need any useless indicators on trading view that don't even work that you're using. For instance, if you were a good trader, you would have realized the China have been following MACD crossover religiously, while all of your more exotic indicators are completely useless. Fib levels have also been 100% useless on this, but the single entity that controls Ethereum follows fib levels almost always. If the market maker doesn't subscribe to your voodoo, your voodoo doesn't work.

However, they will follow many bear/bull macd in a row, then their play is to pull a counter trend on a bear macd and force everyone to buy back in at a huge loss on a full screen green candle. This is why TA is mostly useless in non-aggregate markets. You will scalp some small percent here and there, then lose it all and then some on the counter play.

MatTheCat

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Quote from: r0ach on June 02, 2016, 12:38:53 PM

This is why you suck at trading, you spend all your time FANTASIZING about where you *want* to buy at instead of figuring out where the market is actually going to go. There's now been full consolidation in both China and the west post-rise in a sideways channel. China is moving at that 3600 yuan average, then it will eventually converge and pop up.

Don't lecture me on trading. You are using charts from bitcoinwisdom.

I kind of liked the trade up to around the 3700 CNY mark, to fill int he notch shown up there, and Bitcoin still might get there, but it would be a counter trend trade. There is so much space below, that it isn't funny. Bitcoin will have to do a lot of consolidating somewhere to convince the market that a new 'fair value' range has been established, before 'they' can pump her up further still.

r0ach

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Quote from: MatTheCat on June 02, 2016, 11:49:52 AM

The Bitcoin Cowboys are just fucking with the market r0ach, wiping out the longs, then going after the shorts, but in the end, this thing has to go down a peg or two.

This is why you suck at trading, you spend all your time FANTASIZING about where you *want* to buy at instead of figuring out where the market is actually going to go. There's now been full consolidation in both China and the west post-rise in a sideways channel. China is moving at that 3600 yuan average, then it will eventually converge and pop up.

MatTheCat

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Quote from: r0ach on June 02, 2016, 10:01:18 AM

$535 floor too strong. It's going to jump back into this channel again:

The Bitcoin Cowboys are just fucking with the market r0ach, wiping out the longs, then going after the shorts, but in the end, this thing has to go down a peg or two. I liked a tag of the 38.2% at least on Huobi, we might still see it, but it is still a bit of a counter trend trade to be taking and I was certainly feeling the weight of the market sitting in that long, from which I bailed in the end with only 25% of my target.

StraightAArdvark

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Quote from: r0ach on June 02, 2016, 10:41:12 AM

Quote from: zimmah on June 02, 2016, 09:10:23 AM

CNY is being devalued on purpose

The world economy will collapse without world-wide, extreme, coordinated devaluation of fiat toiletry. If every country doesn't do enormous fiat devaluation, everything goes down in a black swan event and Bitcoin and gold goes to the moon toilet. If they do the devaluations, Bitcoin and gold still go to the moon from the fiat values tanking.

Fiat is antifragile, ignorant insect. It needs nothing but air to be plentiful and multiply. Sorta like c0ck r0aches Cool

r0ach

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Quote from: zimmah on June 02, 2016, 09:10:23 AM

CNY is being devalued on purpose

The world economy will collapse without world-wide, extreme, coordinated devaluation of fiat toiletry. If every country doesn't do enormous fiat devaluation, everything goes down in a black swan event and Bitcoin and gold goes to the moon. If they do the devaluations, Bitcoin and gold still go to the moon from the fiat values tanking.

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