Quote from cloudy:
I've tried Woodies CCI. There is a free .pdf done by a fan club member telling you how to trade it. You can also find free indicators for MT4 and TOS has their own version of Woodies CCI. I also tried the "sidewinder" and other 0 100,200 colored line indicators. The patterns hardly panned out. "shamu", "famir" etc. The 14 CCI could change at any time without warning. What could be a shamu could easily change to a zero line reject. And what about Dr. Famir and the rumors he lost over a million trying to trade wcci? And then the news about what happened to him.. I bought the book and tried it for a while, but the winning trades were not any better than 50/50. And one of wcci's mottos: "We don't need no stinking price bars!"..
hi cloudy:
my responses to your questions would be set in upper case to distinguish them from your questions, for easier reading, ok?
BY THE WAY, WOODIES' CCI SETUPS AS YOU REFERRED TO, ARE NO LONGER USED BY WOODIE. HE IS USING WOODIESBAR NOW IN HIS BRAND NEW--S AND S CHATROOM WHERE MEMBERSHIP AND FEE ARE REQUIRED AT THE TIME OF JOINING, ONLY ABOUT 100 USD DONATION PER MONTH.
NEVERTHELESS, I SHALL ATTEMPT TO RESPOND TO YOUR QUESTIONS CONCERNING THE NO LONGER USED WOODIES SETUPS....
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1--I also tried the "sidewinder" and other 0 100,200 colored line indicators. The 14 CCI could change at any time without warning. What could be a shamu could easily change to a zero line reject.
YOUR OBSERVATION IS CORRECT. THE INDICATORS WERE SENSITIVE AND RESPONDED QUICKLY TO MARKET CHANGING CONDITIONS.
2--I bought the book and tried it for a while, but the winning trades were not any better than 50/50.
MOST PEOPLE JUST LEARNING HOW TO TRADE ARE MOST OFTEN MISGUIDED BY SOME WELL-INTENDED OR ILL-INTENDED INDIVIDUALS WHO CLAIMED TO BE ACTIVE AND PROFITABLE TRADERS....
MANY PEOPLE JUST LEARNING HOW TO TRADE ARE UNDER THE ERRONEOUS AND MISGUIDED NOTION THAT IN ORDER TO BE PROFITABLE, TRADERS MUST HAVE A WINNING RATE OF GRATER THAN 60%, 70% OR HIGHER.... IN ORDER TO BE WINNING AND PROFITING....
I AM NOT IMPLYING THAT YOU ARE OR THAT YOU ARE NOT A PROFITABLE PROFESSIONAL TRADER OK? AND FOR THE RECORD, WE DO NOT KNOW EACH OTHER UNTIL TODAY.... RIGHT?
FOR MYSELF, I'LL BE DELIGHTED TO TRADE AT 50/50 OPPORTUNITY AS YOU SO QUICKLY BRUSH ASIDE AS UNDESIRABLE AND THEREFORE PERHAPS.... UNPROFITABLE....
OF COURSE, IN TERMS OF REALITY, MOST PROFITABLE TRADERS' ENTRY POINT TO BUY OR TO SELL AT A PREDETERMINED SETUP.... ALREADY ENCOMPASSES A HIGHER PERCENTAGE OF 50/50.... THE BASIC REASON BEING THAT THOSE PRESELECTED AND PREDETERMINED SETUPS HAVE ALREADY UNDERGONE SOME EXTENSIVE RESEARCHED AND TESTING.... BEFORE THOSE SETUPS ARE USED IN LIVE TRADING.... SEE MY POINT, MY FRIEND?
THEREFORE THOSE PARTICULAR SETUPS ARE PROVIDING THOSE TRADERS/OWNERS WITH AN UNFAIR EDGE AND UNFAIR ADVANTAGE OVER THOSE OF US WHO ARE JUST IFFY AND WISHY.... lol WE DO AGREE ON THIS POINT, DON'T WE....?
HOW THEN DO MOST ESTABLISHED TRADERS BRING HOME THE BACON.... TRADING AT 50/50 CHANCE, OR EVEN LESS....??????
IF YOU KNOW THE ANSWER TO THE QUESTION, THEN YOU ARE ON YOUR WAY TO BECOMING POTENTIALLY PROFITABLE TRADERS.... IF YOU DO NOT KNOW THAT ANSWER YET, THAT IS OK TOO.... YOU HAVE PLENTY OF TIME TO FIND THAT OUT....
BEFORE YOU ARE ON YOUR WAY TO PROFITABILITY....
OR IF YOU ARE A RATHER LAID BACK AND A RELAXED TRADER.... DREAMING OF BECOMING WEALTHY AND RICH BEYOND YOUR OWN RECOGNITION.... (lol) YOU CAN PM ME TOO FOR A QUICKY ANSWER.... BUT THEN YOU ARE SUBJECTING YOURSELF TO MY WHIMSICALITY.... lol
NO, I WON'T CHARGE YOU ANYTHING, IT WILL BE GIVING OUT TO YOU FREELY WITHOUT ANY STRING ATTACHED WHATEVER.... k?
AND FOR THOSE INSTANT CRITICS SUSPECTING DEVIOUS FOUL PLAY OR FRAUD OF ANY AND ALL SORTS.... PLS DO RELAX.... MY HUMBLE SELF HAS BEEN USING THAT THING IN EACH OF MY TRADE AND BEEN USING IT EFFECTIVELY AND PROFITABLY FOR A LONG LONG TIME.... ALREADY... lol
IT IS PERFECTLY SAFE FOR YOUR HEALTH AND PARTICULARLY GOOD FOR YOUR ULTIMATE TRADING WEALTH.... AS WELL....; IF YOU APPLY IT CONSISTENTLY AND FAITHFULLY AND TIMELY.... lol
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3--And one of wcci's mottos: "We don't need no stinking price bars!"
WOODIE HAS CHANGED HIS MIND NOW, HE IS SHOWING MODIFIED PRICE ACTION CHART DOMINANTLY ON HIS LATEST WOODIESBAR TRADING CHART.... YOU CAN SEE IT FOR YOURSELF BUT YOU NEED TO PAY ABOUT 100 USD FIRST BEFORE YOU ARE ALLOWED THAT PRIVILEGE....
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thx much everyone for suffering with me reading thru this post and trying to understand just what this heck is getting at.... and getting us into....;
thx much for your time.... wishing everyone happy and profitable trading.... three cheers
