Woodies CCI technique.

[cooter]

	Quote:	Cogniato
	Unl, I peek in at the WCCI occassionally over more than 4 yrs. Very good, IF you combine it with internal analysis. The russell 3min chart trendline breakout of lows is extraordinarily profitable (that means GOLD) , IF you combine it with a turn up of market internals, i.e. advance/decline net avg, NYSE Tick avg upturn, Premium upturn, etc. Major moves. Just be patiant and take these trades only, like a hunter in a blind waitng for a dead-on shot. Try it and see. regards, Cogniato.

Could you post a pic that shows this trade in play?

[BlowFish]

	Quote:	hanz
	hence is it a system worth learning?

Maybe. Personally I would learn to read price rather than a derivative of price.

My experience of Woodies (though this was a long time ago) was things where not consistently applied and I personally could not make the 'system' as presented work.

Cheers.

[TraderRalph]

Regarding Woodies CCI technique - I spent much time in that room. I recently found an article on ezine and went to the link where the complete article is and found this quite long article describing one trader's experience in the room. This article sums it up better than I can. I hope it's ok to post the link. If not just go to ezine articles and type in "day trading chat rooms" and the first link is the one. Otherwise try this: http://tuckerreport.com/articles/magic-indicator/
Hope this helps. If you believe what's in here, and I do, it might save you a lot of time and money and grief.
Ralph

[Nvesta81]

	Quote:	TraderRalph
	Regarding Woodies CCI technique - I spent much time in that room. I recently found an article on ezine and went to the link where the complete article is and found this quite long article describing one trader's experience in the room. This article sums it up better than I can. I hope it's ok to post the link. If not just go to ezine articles and type in "day trading chat rooms" and the first link is the one. Otherwise try this: http://tuckerreport.com/articles/magic-indicator/ Hope this helps. If you believe what's in here, and I do, it might save you a lot of time and money and grief. Ralph

Thanks Ralph. The more time I spend in the CCI room the more I feel the same way as described in the article. I'm still wondering how they stay in this business trading for so long using just 1 indicator though if it doesn't really work, kind of makes ya wonder.. are they just rich and don't mind losing? lol. :p

[fxxx]

well, it proves if people put efforts to it - they can make work any system - (in fx, other markets or in life)
two polar approaches - naked warriors and "we don't need no stinky prices" - black and white -and most in-between (not just gray)
worth it learning - sure it does, you learn where you are and what will work the best 4 you...

p.s. Thanks: # Thanked # Times in # Posts - what is it kindergarden or some cristian camp?