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 [email protected], "wavemechanic" <[EMAIL PROTECTED]> 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: [email protected] > 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 <[EMAIL PROTECTED]> 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 [email protected], "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: <[email protected]> > > 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 [email protected], "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 [email protected], "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 <*> To visit your group on the web, go to: http://groups.yahoo.com/group/amibroker/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/amibroker/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
