Who is Woodie???

Samson77 · Mar 16, 2004

Quote from Andriy:

Protective? LOL! They worship the guy. And yes, that bothers me. As do all such "cults of personality." Got a problem with that?

And envious? Double LOL!! Hardly. Why is it that whenever someone disagrees with someone else or offers a contrary opinion, the automatic response is that one must be envious of those he is criticizing? Are you that insecure??

To each his own. I can be a good person and take your money at the same time. I see absolutely no contradiction there.

Ciao...

PS And oh, nowhere in my comments did I "tell the newbies and less experienced how stupid they are for trying to learn." Learn to read before making assumptions about things I did not say. There's a big difference between ignorance and stupidity.

I read just fine .... If you did you would have read that I am not even a member of his room.

Your the one that made this personal by quoting me in the first place moron.

Now you want to challenge my trading skills? LOL

Daxtrader · Mar 16, 2004

Quote from jgalt:

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.

More...

LOL

Andriy · Mar 16, 2004

Quote from Samson77:

I read just fine .... If you did you would have read that I am not even a member of his room.

Your the one that made this personal by quoting me in the first place moron.

Now you want to challenge my trading skills? LOL

Samson77 -

Contrary to your assertion, apparently you haven't learned to read. Where in my post to you did I challenge your trading skills? Please point it out, would ya.

As for getting personal, you make a post in a public forum, and then take it as an affront when someone quotes you? C'mon, grow up.

And what's with the name calling? I guess you really are insecure.

Anyhow, have a great life, I really don't want to waste anymore of my time trading barbs with you. Its pointless...

Ciao...

pspr · Mar 16, 2004

I've seen moderators in some rooms take the farthest the market has ticked in their direction after entry as the exit point of their trades then post track records showing how profitable they are even though the exits are all fake.

They spell this out in their TOS but few members in the rooms realize the posted performance is fictitious because of the fake exits.

Quote from jgalt:

Quote from Andriy:

.........
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 replied "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!
..........

More...

Samson77 · Mar 16, 2004

Quote from Andriy:

I can be a good person and take your money at the same time.

These are your words ... are they clear enough!!!

So that's 2 assaults on my character and I don't even know you.

The fact of the matter is that I do agree with you to a certain degree about the room that's why I stopped going as did you.

I just think that given the choice of woodie's' room or the myriad of other vendor/thieves out there , that can't trade for beans.

I choose woodie's anyday...this is my only point.

He does allot more good than bad and that's the last time I will say it.

Andriy · Mar 16, 2004

--------------------------------------------------------------------------------
Quote from Andriy:

I can be a good person and take your money at the same time.
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Quote from Samson77:

These are your words ... are they clear enough!!!

So that's 2 assaults on my character and I don't even know you.

Sigh.... OK, one more time. Please learn to read. "Assault on your character" ???

Sheesh, bud, you really do have some kind of a problem. How the heck is my ability to take your money an assault on your character? (Please don't answer that... LOL).

Bye

dbphoenix · Mar 16, 2004

Quote from Samson77:

So that's 2 assaults on my character and I don't even know you.

If that's your idea of character assault, you really need to get out more.

Samson77 · Mar 16, 2004

Quote from dbphoenix:

If that's your idea of character assault, you really need to get out more.

No db it wasn't this particular quote that I was referring to mostly.

He quoted me early and grouped me into the woodie fanatic crowd in his earlier post that I was mostly referring too.

Alot of people start to read the threads and they don't follow them through most of the time because they are so anxious to get thier opinions in, they miss important follow up posts but he's new in the room so I will let it slide, we are both saying the same thing anyhow.

marketsurfer · Mar 16, 2004

the right question in this forum should be--- what exactly is the CCI ? CCI or commodity channel index is a basic technical tool----- with many many flaws, nothing magical as mr. woodie guru would have his followers believe. the following link provides an excellent expose' on the indicator. you can see the MULTITUDE of whipsaws that occur should one be silly enough to just use CCI as reccomended by the room founder.

http://www.stockcharts.com/education/IndicatorAnalysis/indic_CCI.html

best,

surfer

MarkB · Mar 16, 2004

Quote from marketsurfer:

the right question in this forum should be--- what exactly is the CCI ? CCI or commodity channel index is a basic technical tool----- with many many flaws, nothing magical as mr. woodie guru would have his followers believe. the following link provides an excellent expose' on the indicator. you can see the MULTITUDE of whipsaws that occur should one be silly enough to just use CCI as reccomended by the room founder.

http://www.stockcharts.com/education/IndicatorAnalysis/indic_CCI.html

best,

surfer

marketsurfer, that's an interesting chart. And while it may be true that using Lambert's methods would result in whipsaws given that particular example, are you aware that with Woodie's cci techniques, the results would have been far better?

As drbob stated much earlier in this thread; it's not about the indicator only, it's in the interpretation.

Folks, just come to the room and see how it's done there (after reading some of the material on the site). Or don't. You'll either find that it helps you, or you won't. It's really that simple.

Woodie's not 90 btw, but that's irrelevant. And we show him respect because he's organized something which has helped many of us. It's hardly hero worship, although I can see how it might rub some the wrong way for a variety of reasons. It's not easy to keep a room of 500+ together and on the same page. Sometimes all we're doing is offering moral support.

MarkB