THE DOUBLE CCI TRADING METHOD

I'm using my own CCI trading method using some of Woodie's "observations" to trade stocks and eventually options. I have collected some sophisticated nuances for each set-up and I do keep an eye on the price. I call a Head & Shoulders a Head & Shoulders , not a Ghost. Same goes for Shamu and Famir... there are run of the mill continuation patterns.

Anyone for "meows" or "batman" set-ups?

I never visited Woodie's trading forum. Have read most that has been written by Jeff, DrBob and others. From what I read, I have concluded the the old man has reached senility and has a Napoleonic complex along with a small and closed mind. The use of the double CCI does not produce a leading indicator ... just another tool like the 14-day stochastic.

By the way, the same set-ups that you get using the 6- and 14- day CCIs are EXACTLY the same as the ones produced by the 6- and 14- day exponential moving averages. If you doubt me, check it out in your charting system.


***** If anyone is interested in discussing the technicalities of trading with the dual CCI sytem, I'm game! I will frequently check this forum to see if anybody has come alive.
SAM6691

Originally Posted by sam6691 »

THE DOUBLE CCI TRADING METHOD
By the way, the same set-ups that you get using the 6- and 14- day CCIs are EXACTLY the same as the ones produced by the 6- and 14- day exponential moving averages. If you doubt me, check it out in your charting system.

EXACTLY?

Nope. Definitely not. I can state this objection definitively too.

Why?

CCI uses SMA not EMA in it's calculation. So the moves will never be EXACTLY the same. Even the "zeroline" crosses and rejects might be off too.

Not to mention that CCI relies upon the statistically useless "average deviation" instead of the statistically valid "standard deviation".

Seems it was easier to calculate by hand or handheld calculator when it was first developed back in the day (Lambert, 1980).

The fact that price may move 3 average deviations (CCI of 200) from the mean (SMA) is statistically useless.

In fact, I'd like anyone reading this to find some links on the 'net (Google 'em if you can) showing statistically valid uses for AVERAGE deviations.

Not info about STANDARD deviations - we've all been taught about its validity in so far as measurements of a standard distribution (remember the bell curve?)... but AVERAGE deviations.

Let's debunk this CCI myth once and for all.

-fs

[Bearbull]

Originally Posted by sam6691 »

THE DOUBLE CCI TRADING METHOD

I'm using my own CCI trading method using some of Woodie's "observations" to trade stocks and eventually options. I have collected some sophisticated nuances for each set-up and I do keep an eye on the price. I call a Head & Shoulders a Head & Shoulders , not a Ghost. Same goes for Shamu and Famir... there are run of the mill continuation patterns.

Anyone for "meows" or "batman" set-ups?

I never visited Woodie's trading forum. Have read most that has been written by Jeff, DrBob and others. From what I read, I have concluded the the old man has reached senility and has a Napoleonic complex along with a small and closed mind. The use of the double CCI does not produce a leading indicator ... just another tool like the 14-day stochastic.

By the way, the same set-ups that you get using the 6- and 14- day CCIs are EXACTLY the same as the ones produced by the 6- and 14- day exponential moving averages. If you doubt me, check it out in your charting system.


***** If anyone is interested in discussing the technicalities of trading with the dual CCI sytem, I'm game! I will frequently check this forum to see if anybody has come alive.
SAM6691

Perhaps you could illustrate with some charts with tradesetups.
Joel Pozen who claims to be an expert at Price/Vol, and undertakes tutoring
at enormous cost employs the 6 and 14CCI, he also has 2 moving averages which are employed to emulate 14CCI.

To:

ForSearch
BearBull
et al

Dear friends,

The word EXACTLY was used hyperbolically to attract attention to the revival of this Dual CCI Trading Method forum. Remember that I swing trade in stock indices sorogates in an IRA Rollover account of considerable size and would like to know what other traders think about it.

I don't trust any system by itself and rely on my overall knowledge of technical analysis and 20 years as a stockbroker in three major Wall Street brokerage firms. However, I have integrated the Dual CCI Method in my trading arsenal.

I'm leaving for the Riviera Maya (South of Cancun, Mexico) on Tuesday April 15 for a 10-day vacation. I recommend that you all use some of your trading profits and treat yourselves periodically to an exotic vacation... it's good for the nerves.

Upon my return I will post a few JPEGs, as requested by BearBull, of what I believe the screens for the Dual CCI Method should look like. Personally, I believe the value of this coincident Indicator (an Indicator cannot lead the function "price" from which it is derived) is no greater than the Stochastic, the RSI, the MACD, etc., and yes, some blokes are cashing in big time giving seminars on this newly discovered Holy Grail!...

Hasta la Vista!
SAM

Originally Posted by sam6691 »

Remember that I swing trade in stock indices sorogates in an IRA Rollover account of considerable size and would like to know what other traders think about it.

Remember?

How are we to remember something which you never posted in the first place?

Troll....

To fs:
"Remember" is being used as the imperative or command form of the verb to remember, appropriately...
Best regards,
SAM

Typical.

Enjoy yourself....

-fs

[Szymon]

I do not know what this member is up to, but be careful buying any trading system from anyone.

Here is something to think about before believing in any holy grail system.

Enjoy the following c***

http://www.stickam.com/sam6691 (Sam the Hypnotist)

And sams stock broking tips.

Regards

Simon