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Old 07-25-2007, 09:08 AM
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Re: Woodies CCI technique.

I spent several months with the Woodie group and the simplicity was very intoxicating. I studied the many setups and learned quite abit. The thing that was so useful for me was that many other questions where answered for me by the other helpful traders. I began to have a foundation to sit upon by learning from the cci group. Then the politics and egos began to emerge and get to me after perhaps 5 months. It seemed to contaminate my progress and instead of being a follower, I said goodbye and knew it was up to me, and not relying on group identification. What I learned from Woodies cci club was about another indicator to use and still do. I use the indicator now with my own way of interpreting it rather than theirs. It is amazing how the cci group has a name for each setup like a shamu or zlr and when one setup fails, the opposite way trade has another name that is successful. I am in debt to those like Nicktrader and Kiwi who shared their knowledge with us all with such kindness. It had a very useful effect on me as a trader, however, cutting the strings eventually was necessary because to make it as a trader you must trust your own way of thinking instead of watching others. It was amazing how traders like Nicktrader, was making so much, while others could not (me included) using the same methods taught. He was a better carpenter with the same toolbox of cci setups taught. So go to the Woodie CCI club and eat the meat and spit out the bones. I do not identify with a herd, never did.

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