Quote from Andriy:
That there exists a certain freaky almost religious atmosphere in the room is a given. One only has to read the comments following any utterance by Woodie. Good grief, one would think one has just witnessed the second coming. A typical comment and attitude was provided by one of the posters here who wrote âSamson77---- WOW ok I'm shocked.... First Woodie now Barbara and GB007. We are truly blessed to have you guys on ET with us.â
Sheesh!!! Blessed??? Why??? Anyhow, this kind of thing just goes on and on and on ad nauseum in the room.
No doubt about that Andriy. Here's another example that got me headed for the exits. One of the regular posters, when asked by a newbie what his basic strategy was, replied "I simply ask myself WWWW, 'What Would Woodie Wu'" and then do that. " Ay Carumba!
I still thought it was mostly harmless though until I witnessed out and out deception by the exalted leader himself. A guy named Earl began moderating the Euro trading during the pre-equity hours, and was introducing various indicators he used as an adjunct to the CCI. Forgetting for a moment that this guy has his own issues (he also goes by the handle JayFx, but pretends to be 2 different people, even though they are obviously the same), he had clearly done some homework and had some interesting ideas. Sorry, that's heresy in this room. Woodie berated him and told him to stick to CCI only. He buckled and behaved, lavishing great praise on the master.
Later that morning a guy named Nige who had been making great realtime calls all morning said "I'm looking to go long". Woodie chimed back "CCI says short!" Nige replied shortly thereafter "Long at X", Woodie then repiled "Short at Y". The bar quickly went down two ticks then swiftly reversed and never looked back. I was waiting to see if Woodie would even post an exit, dubious as to what he would claim his stop to be, when he unbelievably posted "Out Euro +2". Forget reflexes of a teenage video gamer, this guy is also freaking Nostradamus!
I'm sure the moderator and anyone else in the room observing this with a shred of objectivity wanted to type "You gotta be shittin' me! What the hell CCI signal was THAT that got you out at the very bottom of the bar you just entered!!' But, of course, no one said a word, for fear of the the certain reprisal. The moderator just said "Great trade Woodie".
There do seem to be some decent, honest traders in there, but I haven't seen much evidence that Woodie is one of 'em. Sure it's his room and he can do what he wants, but the "Traders Helping Traders" line should add the disclaimer **as long as you agree with and never question anything the leader or his devoted followers say.