Technically, he is telling the truth, but in reality, he is deceiving the herd. Does this sound like someone who makes a living from trading? Many have said that Woodie himself does not make any money with it. But as far as public domain indicators go, stochastics and CCI were the ones I could make the most sense of. But, if you are just developing your market filter then it might be one way for you to start to view the market.
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I think he let it slip by mistake and didn't realize it until he had already said it.
If he charges then you need to ask for a track record. Most professionals tend to gravitate to viewing the market without indicators and use primarily price action filters. Of note, I never received any formal trading in indicators, and that is very important point.
Woodies CCI — Technical Analysis and Trading Ideas — TradingView
CCI if traded mechanically would probably be break even which is true for most other indicators. Of note, I don't think CCI is the best market filter: You don't even need an indicator to tell you that. But, if you are just developing your market filter then it might systsm one way for you to start to view the market.
It's obvious Woody makes money hiding behide the guise of Make-A-Wish skimming money from the flock. Now surely someone who has been trading the CCI for woovies 30 years" and the shstem Emperor wlodies the CCI should be trading far more than 3 contracts.
Here's what I have heard: Would you still want to learn it? That requires much more. To be clear, CCI is just a market filter. First, you have to define real or fraud. This is what I'm talking about when I'm talking about vendoring transparency.
Your name or email address: I believe it is free. Many have said that Woodie himself does not make any money with it. The fact no one has ever made money using the system tells all.
Woodies CCI Club - Real or Fraud
As for CCI, I used to be into a lot of indicators. Do you know anyone who actually makes money with it?
Do you already have an account? I seem to recall reading an article where Woody claimed the inventor of the CCI gave him the code to improve upon, but when the inventor was later asked about it, he said he never heard of Woody. It is one way to view the market.
Woodies CCI Club - Real or Fraud | Elite Trader
He claims all proceeds goes to charity, yet never discloses an audited statement to back that claim up, or what he establishes as his fee for holding seminars. But just because price gets a certain distance from a MA, or comes back and touches it, doesn't mean it's gonna do anything you can bet on in the future. Log in or Sign up. Woodie stated a few months back that he trades no more than 3 contracts per trade.
Does this sound like someone who makes a living from trading? So, what about CCI? Yes, my password is: But again these are just market filters. Technically, he is telling the truth, but in reality, he is deceiving the herd.
No, create an account now.