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Really ? ... I guess what's below doesn't mean what I thought it
did ... This doc is readily available out there ...
Trading Woodies CCI System
by Jeff
(This document has been approved by Woodie)
"Successful trading is much less than 20% trading system and more
than 80% mental control. Your brain is worthless when trading. It
tries to tell you how to trade. Do not listen to it. Shut it down.
It sends out 200 emotional messages for every 1 logical useful
thought. At that rate your account could be gone in weeks. You
cannot use emotions in trading. A trading system is based on a set
of pure rules. In hopes of helping new traders with this severe
problem this document tries to overpower that mighty 80% mental
control that is usually useless and force it to follow logical
guidelines. Do not fight it. Get rid of the emotions. Do not think.
Do not feel. Just follow the rules. All you need to do is react to
the signals. Period.
This document demands that you follow your rules while trading. This
is the only way you will become a successful trader. Woodies CCI is
a very simple system. The rules are very simple. Don't let your lack
of mental control ruin your trading. Keep focused on the system and
you will do well. The guidelines tell you everything you need to
know. Just follow them directly and precisely."
--- In amibroker@xxxxxxxxxxxxxxx, "wavemechanic" <fimdot@xxx> wrote:
>
> That's right, Rakesh. As a result, results will often not be
accurately reflected by a mechanical evaluation.
>
> Bill
> ----- Original Message -----
> From: Rakesh Sahgal
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Friday, October 27, 2006 1:01 AM
> Subject: Re: [amibroker] Re: seeking the following in a trading
platform for a Woodie's CCI trader
>
>
> To the extent I have been able to understand, Woodies is more of
a method, rather than a system where objectively laid out criteria
can be applied.
>
> Success is as much a function of the trader's competence in
understanding and applying the method(not system) as it is a
function of the trader knowing when there is a higher probability of
a particular pattern succeeding. The fact that it is hyped up to the
extent it is, is probably because novices gravitate towards it
hoping they can gloss over their own shortcomings and achieve some
measure of success.
>
>
> R
>
>
> On 10/27/06, Fred <ftonetti@xxx> wrote:
> It's not about discretionary .vs. system trading ... I have
every
> respect for those who are successful with some form of
discretionary
> trading ...
>
> However, when I hear of a particular method where the experts
state
> that there are definite rules and the rules are written and
applied
> via AFL or ELx or whatever and the resulting backtest is a
flop and
> then the experts then state that the rules can't be backtested
I
> become more than a little suspicious.
>
> --- In amibroker@xxxxxxxxxxxxxxx, "wavemechanic" <fimdot@>
wrote:
> >
> > I wouldn't knock Woodies (or any other) approach. I know a
couple
> of traders who have done very well following in his
footsteps. I
> never got comfortable with it but there is always more than
one way
> to do something successfully (e.g., system vs. discretionary
trading).
> >
> > Bill
> >
> > ----- Original Message -----
> > From: "Fred" <ftonetti@>
> > To: <amibroker@xxxxxxxxxxxxxxx>
> > Sent: Thursday, October 26, 2006 8:41 AM
> > Subject: [amibroker] Re: seeking the following in a trading
> platform for a Woodie's CCI trader
> >
> >
> > > Woodies is like being on a Jim Jones trip ... now drink the
> coolaide
> > > boys and girls ...
> > >
> > > --- In amibroker@xxxxxxxxxxxxxxx, "scourt2000"
<stevehite@> wrote:
> > >>
> > >>
> > >> Tomasz,
> > >>
> > >> I apologize for my outburst like this. It just burns me
up
> > >> sometimes when I know how powerful your product already
is and
> how
> > >> people come on this board and want the moon put into a
$229
> price
> > >> tag.
> > >>
> > >> Next time, I'll just curse to myself and ignore these
kinds of
> > > posts.
> > >>
> > >> Steve
> > >>
> > >> --- In amibroker@xxxxxxxxxxxxxxx, "scourt2000"
<stevehite@>
> wrote:
> > >> >
> > >> >
> > >> > Dennis,
> > >> >
> > >> > What are you trying to do? Suck the life force out of
this
> group
> > >> and
> > >> > leave it for dead? Maybe you were some powerful guy
in the 9
> to
> > >> 5
> > >> > business world where that kind of detailed delegation of
> > >> > responsibility got you fat bonuses, but I would hope
that
> > >> technique
> > >> > doesn't fly in the trading community where no one owes
you
> > >> anything.
> > >> >
> > >> > I have lost a couple of trading buddies to "the Woodies
CCI"
> and,
> > >> > unfortunately, by the time I saved myself from it, they
> already
> > >> had to
> > >> > go back to their 9 to 5 jobs in order to put food on the
> table.
> > >> [I'm
> > >> > not joking]
> > >> >
> > >>
> > >
> > >
> > >
> > >
> > >
> > > Please note that this group is for discussion between
users only.
> > >
> > > To get support from AmiBroker please send an e-mail
directly to
> > > SUPPORT {at} amibroker.com
> > >
> > > For NEW RELEASE ANNOUNCEMENTS and other news always check
DEVLOG:
> > > http://www.amibroker.com/devlog/
> > >
> > > For other support material please check also:
> > > http://www.amibroker.com/support.html
> > >
> > > Yahoo! Groups Links
> > >
> > >
> > >
> > >
> > >
> > >
> > >
> > > --
> > > No virus found in this incoming message.
> > > Checked by AVG Free Edition.
> > > Version: 7.1.408 / Virus Database: 268.13.9/490 - Release
Date:
> 10/20/2006
> > >
> > >
> >
>
>
>
>
>
> Please note that this group is for discussion between users
only.
>
> To get support from AmiBroker please send an e-mail directly to
> SUPPORT {at} amibroker.com
>
> For NEW RELEASE ANNOUNCEMENTS and other news always check
DEVLOG:
> http://www.amibroker.com/devlog/
>
> For other support material please check also:
> http://www.amibroker.com/support.html
>
> Yahoo! Groups Links
>
>
>
>
>
>
>
>
>
> -------------------------------------------------------------------
-----------
>
>
> No virus found in this incoming message.
> Checked by AVG Free Edition.
> Version: 7.1.408 / Virus Database: 268.13.14/501 - Release Date:
10/26/2006
>
Content-Description: "AVG certification"
No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.1.409 / Virus Database: 268.13.27/517 - Release Date: 11/3/2006
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