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I'm putting this so every one can read it. Woodies method works like a
charm. The reason it works is that it is so simple.Overlaying a 6 cci on a
14 cci and watching for patterns that have been around for centuries. The
cci is a leading indicator and gets you in ahead of the world. Not to say
that there are not other indicators that will do this, but all beginners
think that the more on your chart the better, which in reality it's just the
opposite. There is nothing worse than missing a setup
because you had one indicator that dissagreed with the ones telling you to
go!
Woodie doesn't even use price bars, you don't need them! even the price
bars scare you out of your position. however most people have a hard time
getting them off their chart,I'm one of them.
Of course all of this is the easy part. The reason Woodie is so good is
because he has the experience. He has aquired the patience to wait on his
favorite setup that he knows is a winner.
there again he is experienced. Instead of waiting on a blue moon setup, he
has learned to watch multi markets and multi time frames. Besides Woodie
there are other traders in the room that will blow you away, women being
some of the best! cool calm and collected, while you are sweating bullets
and stomping around the room.
One other thing, if you ever hear of people leaving Woodies room, it can
only be for two reasons.
one, They are a begginer that have just wiped out their account and want
someone to blame it on.
or they are a professional that have probably moderated the room from time
to time and can't trade
because of being bombarded with "private messages" "emails from the whole
world etc." and are trying to get away from that. My personal experience is
that I papertraded for 2 years,"simulator mode" until I saw green on the
board enough to go on into realtime and even after you go into realtime you
stilll have a way to go with hard earned money. I still have an awful long
way to go,
'still don't have the patience........... I don't do any end of day yet, how
ever there is some one in the room doing end of day that you can follow step
by step to learn the setups and they all use the same method Woodies,
because it works! Woodies room is $20 per month.
regard John
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