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I'm not questioning your path or how you got there or how long it
took. But straightforward as a term doesn't seem to fit a trading
system that takes 8+ months to learn. Can you speak to which of the
techniques of Woodies you use and how you use them or is that in
some way proprietary information ? I would think if the methodology
really were straightforward one would be able to write AFL for it.
Can you explain for the benefit of all why that doesn't appear to be
the case ?
Thanks in advance,
Fred
--- In amibroker@xxxxxxxxxxxxxxx, "gunovanengel" <gunovanengel@xxxx>
wrote:
>
> 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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