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I hope he's not selling the CCI :) All of it's uses and misuses are freely taught all over the internet :) There's nothing in the CCI that's worth selling anyway. It's clearly not "edge" related.

Because I trade reversals, I step right into chop.

Nice one :)

In certain momentum cycles, stochastics or any other oscillator should not be used at all. A few of my posted charts have shown that. All in all, a good post to show folks where to get started if they want to learn more about cycles.

The most important thing in trading is simply what you "SEE". Winning traders "see" things that losing traders don't "see". All traders make trading decisions based on what they "see". What they "see" determines what's going on between their ears. Confidence in trading is based...

Sierra Charts will soon have P&F charts with the "x's" and "o's".

Yep, 30% is pretty low. Worst case scenario.

Well that depends on your reward/risk and how tight your stop is. A very tight stop and a reward to risk of 4 to 1 or 5 to 1, 30% can make you some nice money.

Nice Chart, I assume that the blue dots don't repaint or move, correct? In my methodology, all I trade is "turns/reversals". I can do momentum plays if I get bored, but I'd rather do reversals :)

That's exactly how I do it :) Nice post :)

If there was a "popular," "to the point" way to identify trend, we would all be rich. What the market really loves to do "is not trend". I think the billionare traders, Jim Rogers and Paul Tudor Jones said it best: "Maybe the trend is your friend for a few minutes in Chicago, but for...

Divergence in and of itself is a horrible way to trade. Statistical support and resistance is needed. Some traders do quite well with MACD divergence along with Support and Resistence. I personally don't trade divergences of any kind. I agree with you, for the vast number of traders out...

All that's important is that YOU make money. All this other stuff is irrelevant. Woodie used to call out all of his trades in real time, and he was consistently a winning trader. But his group consistently lost money. I used to call out my trades in real time. Nobody cared. (Except a...

I use Skype also.

Very nice post. You are right, most traders make the mistake of waiting for indicators like "Stoch's" to "turn" or "cross". Normally, by that time they have missed the best part of the move and are now are caught in "price noise" as the market starts to go against them for their late entries.

Clearly not a macd cross. Not enough lag.

Thanks for the reference, I will look it up :)

That's not true :)

Is this system "private"? It looks good "after the fact". How does it look in real time? How "stiff" are the stoch's. Do they "flicker" before the bar "prints"? If it's just rising/falling colors on a stoch, I would have to see this in real time.

You are correct. He is a very skilled (and profitable) trader. Goinglite