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See my response to Quant.
----- Original Message -----
From: "Fred" <ftonetti@xxxxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Friday, October 27, 2006 10:50 AM
Subject: [amibroker] Re: seeking the following in a trading platform for a Woodie's CCI trader
> 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
>>
>
>
>
>
>
> 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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