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PureBytes Links
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Just completed High probability trading
Take the steps to become a Successful trader by Marcel Link
Published by Mc GrawHill. a very good book.
http://www.amazon.com/exec/obidos/ASIN/0071381562/qid=1107884848/sr=2
-1/ref=pd_ka_b_2_1/104-2232989-6418306
It took this guy seven years to become a sucessfull trader trading
for a living. I took me about 10 months to evolve from a losing
trader into a profitable trader trading for living using woodies
system.
--- In amibroker@xxxxxxxxxxxxxxx, "Fred" <ftonetti@xxxx> wrote:
>
> Straightforward ? and it takes 8+ months to learn ? Some how that
> doesn't quite seem to fit.
>
> --- In amibroker@xxxxxxxxxxxxxxx, "gunovanengel"
<gunovanengel@xxxx>
> wrote:
> >
> > Hi Natasha
> >
> > Do not be hard on yourself take the time, give yourself eight
> > months to a year to learn woodies system. After that you can
add
> to
> > your trading arsenal by adding other methods and systems. Try to
> get
> > a real good grasp of Woodies system.
> >
> > In essence the system is quite straightforward. It tries to give
> you
> > a systematic approach to the markets. The market is a manic
> > depressive beast. One moment prices shoot up to the sky. The
next
> > minute they plunge to all time lows. Woodies system helps you to
> > find order in the chaos of rising and falling prices. It signals
> you
> > when to trade from the Long side, the Short side and when to
stand
> > aside.
> >
> > The main rules of the system are.
> >
> > 1. when prices are more than six bars above the zero line only
> > trade from the Longs Side
> > 2. When prices are more than six bars below the zero line only
> > trade from the short side
> >
> > When price are more than six bars above or below the zeroline it
> > means that there is an established up or down trend.
> >
> > When you have found an establish up or down trend, look for a
> > tradable pattern. There are about eight or nine tradable
patterns
> in
> > woodies system. I use the following three in my trading. My
> > preference goes to the ZLR.
> >
> > ZLR - Zero Line Rejects
> > TLB - Trend Line Breaks
> > HTLB - Horizontal Trend Line Breaks
> >
> > The philosophy behind these patterns is to take advantage of
> prices
> > hitting support or resistance. The system work on all time
frames
> > (Intraday & EOD) on currencies, stocks and commodities. It is a
> > censoring system with a trigger to signal you when to enter the
> > market of your choice.
> >
> > My suggestion to you is to start with just one pattern for
> instance
> > the ZLR.
> > Jeff `s Document on the CCI is a good starting point.. Here is
the
> > link
> > http://woodiescciclub.com/Trading-Woodies-CCI-System.pdf
> >
> > Paper trade the system for a while, after this trade stocks in
> lots
> > of 5 or 10 , when you make a mistake you only lose a couple of
> > cents at the most a few dollars. The advantage of this is that
you
> > are practicing real trading. Paper trading is phony. It is only
> good
> > for practicing the moves. But after this move on trading small
> lots
> > 5 to 10 stocks. As your expertise and confidence grows you can
> > increase your trading size.
> >
> >
> >
> > Regards
> > Guno
> >
> >
> >
> >
> >
> > --- In amibroker@xxxxxxxxxxxxxxx, Natasha !!
> <dynomitedoll_ddd@xxxx>
> > wrote:
> > > Hi,
> > >
> > > Thanks a lot for the information .It was very educative
and
> > helped
> > > me a lot. I had well just about given up on the woodies and
was
> > looking
> > > at something else but now i will take a second look.
> > >
> > > Here is Mr Herbert's code :
> > >
> > >
> > > @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@
> > > Here is Woodie's CCI 14 code. In my opinion the patterns are
more
> > > suitable for short-term trading. However, I heard that he
> mentioned
> > > about some other proprietary pattern/indicator.
> > >
> > > Herbert
> > >
> > > -----
> > > _SECTION_BEGIN("Woodie's CCI");
> > >
> > > //Woodies CCI, Long term CCI;
> > >
> > > T=14;
> > >
> > > Title = Name () + " " + FullName() + " "
> > >
> > > + "CCI" + " Periods:" + WriteVal(T,0);
> > >
> > > B=Cross(CCI(T),0);
> > >
> > > D=Cross(0,CCI(T));
> > >
> > > COL=IIf(BarsSince(B)>4 AND CCI(T)>0,colorBrightGreen,IIf
> (BarsSince
> > (D)>4
> > > AND CCI(T)<0,colorRed,colorLightGrey)) ;
> > >
> > > Plot(CCI(T)," ",COL,styleHistogram+styleThick);
> > >
> > > Plot(CCI(T),"CCI 20",colorBlack,styleLine+4);
> > >
> > >
> > >
> > > // Plot range lines
> > >
> > > Plot(200,"",colorRed);
> > >
> > > Plot(-200,"",colorRed);
> > >
> > > Plot(100,"",colorBlue);
> > >
> > > Plot(-100,"",colorBlue);
> > >
> > > Plot(0,"",colorYellow,styleThick);
> > >
> > > PlotGrid(50,colorGreen);
> > >
> > > PlotGrid(-50,colorGreen);
> > >
> > > GraphXSpace=2;
> > >
> > > _SECTION_END();
> > >
> > > @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@
> > >
> > > This is coded by Mleonsprint:
> > >
> > > Formula:
> > > Title = "Woodies CCI " + " " + FullName() + " " + Date( ) ;
> > >
> > > A=Param("CCI TURBO PERIODS",6,3,14,1);
> > > A1=Param("CCI 14 PERIODS",14,7,20,1);
> > > A2=ParamColor("CCI TURBO",colorBrightGreen);
> > > A3=ParamColor("CCI 14",colorRed);
> > > A4=CCI(A);
> > > A5=CCI(A1);
> > > A6=IIf(A5<0,colorBrightGreen,colorRed);
> > > A7=IIf(Ref(A5,-5) <0 AND Ref(A5,-4) <0 AND Ref(A5,-3) <0 AND
Ref
> > (A5,-2)
> > > <0 AND
> > > Ref(A5,-1) <0,colorRed,A6);
> > > A8=IIf(Ref(A5,-5) >0 AND Ref(A5,-4) >0 AND Ref(A5,-3) >0 AND
Ref
> > (A5,-2)
> > > >0 AND
> > > Ref(A5,-1) >0,colorBrightGreen,A7);
> > > Plot(A5,"CCI TURBO HISTOGRAM",A8,styleHistogram);
> > > Plot(A4,"CCI TURBO",A2,styleThick);
> > > Plot(A5,"CCI 14",A3,styleThick);
> > > Plot(0,"ZERO LINE",colorBlack,styleThick);
> > > Plot(100,"HUNDRED LINE",colorBlack,styleDots);
> > > Plot(-100,"MINUS LINE",colorBlack,styleDots);
> > >
> > > @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@
> > > Coded by wring:
> > >
> > > AFL Library
> > > List Add formula
> > >
> > > Details:
> > > Formula name: CCI Woodies Style
> > > Author/Uploader: Larry Jameson - cljameson@xxxx
> > > Date/Time added: 2004-11-16 18:13:49
> > > Origin:
> > > Keywords: Woodies CCI
> > > Level: semi-advanced
> > > Flags: indicator
> > >
> > > Download formula file | Delete formula
> > >
> > > Description:
> > > This CCI chart incorporates some of the features seen on a
> Woodies
> > CCI
> > > Chart.
> > >
> > > Formula:
> > > ///////////////////////////////
> > > // CCI Woodies Style - Coded by Wring
> > > // Amibroker 4.63.1
> > > ///////////////////////////////
> > > //
> > > // Note: Set Custom Scaling in dialog just below this dialogue
> box
> > > // to Min -350, Max +350
> > > //
> > > // Set Background color to DarkOliveGreen
> > > // Set Axes color to white
> > > //
> > > ///////////////////////////////
> > >
> > >
> > > z = CCI(14);
> > > LSMA = LinearReg(C, 25 );
> > > EMA34 = EMA(C,34);
> > >
> > > Title = Interval(2) + " " + Name() + ", " + EncodeColor
> > (colorOrange) +
> > > "CCI 14=" + round(z) + ", " + EncodeColor
> > (colorLightBlue) +
> > > "CCI 6=" + round(CCI(6)) + EncodeColor
> > (colorPink) +
> > > "\nPrice=" + H + ", " + L + ", " + C +
> > > EncodeColor(colorWhite) + " " + Date();
> > >
> > > // Colour the bars for Woodies Trend Following
> > > Plusbars = BarsSince(z < 0);
> > > Minusbars = BarsSince(z > 0);
> > > TrendBarCount = 5;
> > > for( i = 0; i < BarCount; i++ )
> > > {
> > > if (Plusbars[i] >= TrendBarCount)
> > > Color[i] = colorGreen;
> > > else
> > > if (Minusbars[i] >= TrendBarCount)
> > > Color[i] = colorRed;
> > > else
> > > Color[i] = colorBlack;
> > > }
> > >
> > > // CCI Histogram
> > > Plot(z,"",Color,styleHistogram | styleNoLabel);
> > > // CCI Line
> > > Plot(z,"CCI 14",colorWhite,styleLine | styleNoLabel |
> styleThick);
> > > // Turbo CCI
> > > Plot(CCI(6),"CCI 6",colorLightBlue,styleLine |
> > styleNoLabel);
> > > // zero line 25lsma
> > > Plot(0,"",IIf(C > LSMA,colorGreen,IIf
> (C<LSMA,colorRed,colorBlack)),
> > > styleThick | styleNoLabel);
> > > // Print the price label - Note div by 1000 to position price
> near
> > 0
> > > line
> > > Plot(Prec(C / 1000,3),"",
> > > IIf(C >=Ref(C,-1),colorGreen,colorRed),styleNoLine);
> > >
> > > // Set up color for the 100s, green if 34ema above red if below
> > > Color = IIf(C>EMA34,colorGreen,
> > > IIf(C==EMA34,colorBlack,colorRed));
> > > // Plot the 100s
> > > Plot(100,"",Color,styleDots |styleNoLine | styleNoLabel |
> > styleThick);
> > > Plot(-100,"",Color,styleDots |styleNoLine | styleNoLabel |
> > styleThick);
> > > // Plot the 50s
> > > PlotGrid(50,colorTeal);
> > > PlotGrid(-50, colorTeal);
> > > // Plot the 200s
> > > PlotGrid(200,colorTeal);
> > > PlotGrid(-200,colorTeal);
> > > // Plot the 300s
> > > PlotGrid(-300,colorTeal);
> > > PlotGrid(300,colorTeal);
> > >
> > >
> > >
@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@
> > >
> > > I would be very much interested in your views and what if
> anything
> > is
> > > needed furthur in the above since you are already using the
> > woodiescci
> > > strategies and are more equipped than many to analyse.I did
> apply
> > these
> > > but since i was not too sure whether to pursue them further i
> didnt
> > > study them with interest.
> > > Thanks once again.
> > >
> > >
> > >
> > > =====
> > > Warm regards,
> > > Natasha !
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > > __________________________________
> > > Do you Yahoo!?
> > > Yahoo! Mail - Find what you need with new enhanced search.
> > > http://info.mail.yahoo.com/mail_250
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