My experience with Woodie's CCI:
Since everyone if offering their experience, I thought I should too.
I actually went to one of the 'Trade ALONG' when he first started them. I guess it was like the 3rd one or so. I actually learned a lot. Not necessarily from Woodie, it was everyone else that I learned from. People in the audience, moderators, etc. I actually spent about 1 year in Woodies room. I ended up leaving as I just couldn't make any $$$ trading the index futures. Not with Woodies CCI, or any other indicator/system.
I decided to start trading stocks again. After all, that's where I always made money. I made the mistake of trying to trade index futures because I liked the thought of making $$$ day in and out. Or so I thought. The fact is that everyone has a different style of trading.
YOU NEED TO FIND YOUR STYLE THAT IS MOST PROFITABLE FOR YOU.
Ok, that's it. But that took me some time and money to figure out.
See, I don't like losing. But I got beat. I didn't lose much $$$, but I lost a LOT of confidence. And without confidence, you are not going to make money in this game. The first thing you need to do is believe in yourself. Face it, you're not always going to be right. Heck, you can even have more losing trades than winning trades and STILL make a living in this game. You just need proper money management. That's another topic.
I use the CCI along with simple chart patterns and candlesticks. But I use it the way that works for me. Ghost, Slingshot's etc etc. No, I don't really look at that stuff. What I do is simply look for directional momentum and buy/sell breaks of resistance/support. It's what works for me.
So, does Woodies CCI work? Yeah, for me it does, but for you? I don't know, you're going to have to see for yourself.
I am in no way defending Woodie. I am just learning that he is a scumbag and not donating any money to the MAW. If I saw him I'd like to slap his old wrinkly face and make him cry like a bitch. But, what goes around comes around and I'm sure he'll get his.
Brian
