Final paper trade testing of Woodies CCI club

Woodies system works well due to a plan and Money management, I due use the CCI in my trading however I also tape read and use many other indicators as well.

Please don't drink the cool aid of woodies treading style
it has value I will not disagree but you will at some point realise
that you can improve your results by doing hard work and research as to what fits you as a trader and what you can do to improve your trading.

Trading is a funny business, it is so easy to click a button
but knowing when is the true gift and if you want to make
a living at it you will have to work hard ( DON'T BE A LAZY TRADER)

All that being said Woodies is good at discipline, money management and sticking to a plan, anyone who does that
my hats off to them, woodies CCI is a good place to start but please don't let it be your end all be all.


I have done a few vids on you tube and will be doing another
one this weekend on tape reading

http://www.youtube.com/profile?user=TradePilotPro

http://tradepilotpro.blogspot.com/

Take Care,

Joe Baker
 
This system meshes well with my personality and what i believe is necessary for a good trading system.First; Documentable entry and exits as well as tools to facilitate proper statistical analysis of results. Second; Also i believe that a trend following system is the only way which is what CCI is. Third; a noise filter that works which is what the CCI combined with range bars is. Keep the comments coming i need alll the help I can get.
 
I like your reply, I belive you will do well, take one thing at a time.

I have been trading for 10 years now and feel I always be a student of the markets possibly due to my passion for it.

Don't give up, Trading is the best business you can be in
look long term and never put to much capital on any single trade
and you will be fine.

If you trade futures you must get a feel for ZERO SUM markets
( know where the looser is ) if you get an understanding for that you will have the key's to the kingdom.

Take Care,

Joe Baker
 
ok you got me on that one, lol


:D

But seriously your trading will improve dramatically
with an understanding of where the liquidation is going to
take place.

P.S

I will use spell check for now on

Take Care,

Joe Baker
 
Quote from joeb8822:
But seriously your trading will improve dramatically
with an understanding of where the liquidation is going to
take place.
More...

Do you mean where many traders placed theyr stops/where many are on the wrong side and have to cover positions?

Croupier
:D
 
YOU GOT IT!!!!

key areas and volume price average VWAP
will give you a good idea where the price of the most contracts
took place.

Remember ZERO SUM meaning we dont care how many shorts or longs

Just WHERE they are short or long and will be forced to liquidate

I just uploaded a very quick video on "range of bar" Tape reading

it may give you a idea of what am saying.


Take Care,

Joe Baker

http://www.youtube.com/profile?user=TradePilotPro
 
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