Well, we hear tell of a story about AutoTrader and 9 losers in a row...oh yea out of 9 trades......well that is a 100% system. But after the display it was back to the "woodshed" for more research and development. Maybe someone should just explain a simple idea.
I plotted the CCI twice on this chart.....the standard scaplers nightmare and the longer term settings.....it's the 14 against the 50....and even better the 50/34ema setup.
Now at 12:48 the longer term setting had this one nailed...the 34ema and a ZLR.....I have programmed FT to paint setup bars when these conditions appear......so when it took out the painted bar......a long was easy to take....put ya stop in below the last setup bar and then start to manage the trade. You know the drill...half off and move to BE. With the trin falling and the ticks popping off TAZ's it was a classic run into the close.
You even had the opportunity to add back in if you used the 50/34ema around 2:20 but the standard settings missed this one, well at least in real time.....rotfl. In fact, the standard settings had you looking to short at 2:32......in a run away train to the north side.....a short setup.
I guess it doesn't take a genius to see why someone didn't want the 5034 around anymore......and blew out that candle.....and we all want to personally thank you for showing your true colors.
Posts
72 comments:
Not to argue with your second short on the classic setup...but for me that's also a classic inverted ghost. Not one of my favorite short signals.
you got me... I look at prices and multiple timeframes. But why not? ...of course now it's no longer classic
The best gift you can give yourself in trading is to do your own research with your own edge. Know its detailed stats, optimal stop-loss, etc, etc. over the last 200 trades, keep up the live research with each trade and just take all of your signals, letting the odds play out.
Personally, I stay away from chat rooms during trading hours. No one trades the way I do so anyone else's opinion of what's going to happen next is just that, an opinion...based on their edge, not mine.
the best gift i can give to myself is me.
think about that one.
you bet ya.
fitzy, you liar. there is no such document. prove it you lamer.
Previous poster is right Fitzy. You always said you traded only needing the CCI. Then behind my back you opened a room and tried to make money off my trades. You have no character, you are spinless and unfaithful.
Show the document or you are outta here!
woodie, you really are a nasty old man aren't you?
you are bragging that your autotrader works so well but you can't be so f'ing stupid as that can you?
no i don't think so. even after you just get done posting -7 er, -9 ym and +13 euro (-$70 + -$45 + $130 = $15 profit BEFORE trade costs you dumb arse!) you go on to tell us how great it is working.
well sir, you know better and YOU are scamming NEWBIES into buying into PFG (kickback for you) and geettign TradeMaven (kickbacks for you) when it will only serve to confuse them. you know that, we know that, your f'ing mods know that and yet you want to profit off of them.
you are distugting. nothing like you used to be before guru (idiot money making machine) status.
you sir are a prick-ly nasty scamming old man and deserve to be investigated.
The Woodmeister went through the cci autotrading system tonight in the Hotcomm room. It seems that if you use woodies autotrader slippage is no longer a problem - it evens out. Even though CCI is a momentum indicator it leads to absolutetely no slippage if you use the auto trader. Also to make 1000 dollars a day per contract trading the 13min Russel is very very doable according to the Woodmeister. So, i a year or two I will be richer than Bill Gates. Now - that ain´t to shabby is is folks?
anybody guess why woodie is taughting the 13 min now, EVEN THOUGH its confusing to new people (which is his target so he can build room numbers)?
go ahead? give me a f'ing guess? do it!?
its becuase B.O. i mean GIO is complaining that no one cares about the 13 min time frame she uses. so woodie feels compelled to support her.
i'm so amazed at how he caters to women like a dumb arse. whats the point? why should he? cuz they cry? oh poor GIO no one listens to her... whaaaaa... whaaaaa.
woodie is pathetic just like the previous posted indicated.
oh about his autotrader, ROFL, is he really that F'ing stupid to beleive it works without slippage? is that what he really said? how old is that f'ing guy?
what age will he finally pass away so we can all trade together like we want to without getting bashed in the room for helping each other.
How many here believe that TWW makes any money trading...? Hahaha.
come on. we know he can't trade. these people moding for woodie now are just mostly slobber hounds.
as soon as woodie appears in the room they start salivating.
"hey boss!"
"can i do anything for you boss?!"
"is that a vegas trade boss?!"
and we are like, WTF?! are these children or real men?
here, mplay!.... here boy!
here, TW_WI!.... here boy!
here, PAUL!.... here boy!
ugh, the affiliate marketers have discovered your blog, and are trying to construct as many links as they can to their sales letter sites so that they will be well indexed and possibly get a higher ranking by the search engines. if you didn't know, that's the name of the game for affiliate marketers...hence, the "spam".
well, today woodie reviewed the trades for the day. i only popped in for a bit but heard 1 traded reviewed.
it went like this:
"it doesnt meet my standard for a famir, but i read that some o fyou took it.. so we will include it in the totals. it went 3+ full points..."
give me a F'ing break. it was no pattern. the people that took it were stupid lucky arse newbies and so he included it to get higgher totals. pathetic old nasty man.
woodie i am embarassed to be a part of your room.
***********
it went like this:
"it doesnt meet my standard for a famir, but i read that some o fyou took it.. so we will include it in the totals. it went 3+ full points..."
***********
AND IF .. it went like this? ....
"it doesnt meet my standard for a famir, but i read that some o fyou took it.. so we will include it in the totals. it went minus 3 full points..." AND I TOAD YOU SO IT DIDN"T MEET MY STANDARD FOR A FAMIR AS I TOAD YOU SO ...
ROTFLLLLL hahaha
well know you know...
woodie just said in room:
"PFG heard about charting complaints throughout the day and called me and told me what they were doing about it to fix it. now isn’t that service. they are super. unlike other brokers hint hint.. IB. that don’t take care of you."
hmm, ok now isn’t that shameful. i’ve never had a problem with IB. and sure not as many as they are having with PFG. and why do i care if they call woodie (to suck arse and please the master guru). isn’t funny how woodie now slams (and wrongly i might add) IB just to push PFG.
tell me he isn’t getting kickbacks. go ahead. i'm waiting...
woodie has gone from be a good soul and person into shameless old man out of control and doing anything to create a name.
you moderators doing this all for free are screwing yourself. you wait and see. look at how many actual good traders mod'ed before and where are they? think about it.
and every dam change to auto trader crap stuff he's running, he shoves that onto teh newbies too. "and by the way, mplay (which cant trade let alone create a auto trader system) has now added the gb100 blah blah blah to it..."
woodie, how many times do you have to be slapped to get it straight. it takes a lot of time to make auto trading work and most never do get it to auto trade correctly without constant changing. don’t you see how that will effect newbies or don’t you care? you just want the profit kickbacks from PFG?
you are shameless. nothing less then a piece of crap now woodie.
everything is about what kickbacks can woodie get. sad and pathetic.
ROFL. now woodie is saying he is going to run the sim and trade it live with his IB account.
umm, didnt he just bash IB and told newbies to get PFG?
he is and outta control.
wodoie says: "what we have going on here today is the March Of The Doji's"
now how did he know that? i thought he didn't look at price bars?
he has so many other charts running he doesnt tell anyone. he is such a scammer.
Yesterday the Woodmaster came with a pretty interesting insight to the world of candle charting. He said: "Every damn candle is a doji to me..in some way or the other".
Now - ain´t that something folks? The sheer knowledge of this man is simple unfreakin´believable!
you wouldn't beleive what woodie just said. i'm embarassed for him now. how old is he getting? i think he is loosing it.
he stated "look at that doji candle.."
problem is that it was not a doji candle. ROFL!
i am starting to wonder if he even knows anything about trading or tech analysis honestly.
now i trade cci myself. but i know what i talk about and don't make it up. woodie please stop making us look bad so these posters will shut up.
I fail to understand all this woodie bashing. If his system does'nt work for you, then move on. Don't waste time bashing, spend it on improving your trading skills. And that includes working on being a better person. There's a reason bitter whiners fail as traders, they spend too much time blaming others for their own shortcomings. Losers in life end up being losers in the market. To be a winner, you have to have a winners mentality. It's that simple.
who exactly is doing woodie bashing?
what i see is facts or opinions being posted based on events that have occurred. most give facts or present their side of what they report.
woodie on the other hand acts like whatever he is promoting is for the better, kicks people out or shuts them down, that promote cheap (non-kickback cash) tools that work very well and he used himself and loved.
now these tools suck and newbies should use the most expensive tools out there?
come on. lets get real!
he used Sierra Charts and IB, and still does actually, for years. any of you know just how cheap these tools are? you think $9 a month for Sierra Charts and IB that NOW has backfill at a price of $0 per month doesn’t control your costs?
shouldn’t you control your costs? didn’t woodie say that?
what happened now?
oh, i forgot. he's doing esignal commercials.... for money.
do you trust him to tell you what is best for your trading?
does his 'free' room now become 'free' at your expense? wouldn’t you rather have a room that is open to opinions?
shame shame on woodie for not being a good hearted person anymore.
woodie is like larry king.
old, uselss and cant talk, lecture or interview anyone well. yet acts like he is still liked by veterans when in fact he is only liked by newbies.
problem is that newbies like anybody that tells them what to do.
ROFLMAO
IB is the best, my opinion.
And I use Quotetracker for charts, which if is the unregistered version + IB backfill costs $0.
umm, that tradegy did not happen. it was a hoax you fool. just like the hoax of the holocaust. didn't happen.
get over it.
rotflmao!
what's with all the crap posted on woodies web site now?
3 trading coaches?
huge PFG advertising ads?
esignal ads but no Sierra Chart ads?
what the hell is going on?
how can SUSAN be a part of this?
hey Illninho just read your blog, touching comment on the tragedy of hurricane Katrina.
i just figured out woodie scam for autotrading trademaven adn PFG.
1. hes getting kickbacks.
2. to get kickbacks he needs more people signed up.
2. he cant get anybody but NEWBIES to sign up for that.
3. he KNOWS autotrading is not sucessful and surely NEWBIES shouldnt be doing it.
4. CLICK! hes got an idea! just say its great for learning!
5. even if logic is that it isnt good for learning. it doesnt follow rules that even he trades by.
woodie you shameless prick. you SUCK. anything at teh expense of traders to make your kickbacks.
You can post any comment you like, but no MORE 4 letters words....or it will be deleted. Get a dictionary and find some other words for a change.
ok how about schlong? how many letters is that?
thats 8".
oh i mean 6 letters. its OK.
Looks like woodie and crew is starting to see how hard it is to make rules to trade on autotrader.
one lucky trade for what they say was +18 (NOT) and they are whooop whooop horray!
then the very next trade gets -15 at least and they don't say boo. not a word. nada. zip.
so they wait 20 minutes then they start fooling around with the rules like mad dogs as if they think that will work.
they have NO CLUE as to how to create a autotrading system and will be forever changing it. simple minded fools.
Hey give them a chance.
They are trading to the laws of probability, short term whipsaw no matter, in the end will have the win % pan out.
wait!
does woodie own stock in
PFG (PRINCIPAL FINL GROUP) ?
if this is true then no wonder why he keeps coming up with that stupid line "and its great for learning" crapola.
iv'e never heard him talk so much about anything, ever. he doesn't even talk that much about trading. but he sure talks alot about getting TradeMaven which is connected to PFG.
holy crap! is this what is going on besides the kickbacks?
Wood is so busy touting the line "It's great for learning" that he doesn't have time for Mr President now.
I am donating to the hurricane refugees instead of Make a Wish for the next few months. Please help them through www.redcross.org
cathy, oh please!
that is just a hoax. it didnt really happen. IF and i say IF it did happen then once the water drains it will all be back to normal and busines as usual. besides, population thinning is god's plan.
get over it.
wow! look below at woodie typing as fast as he can to help get TM/PFG users signed up! notice time stamps. never saw woodie type so fast and talk so much.
---------------------------------
11:10:24 {Marc_S.} is there a cost for TM charts
11:11:38 {woodie} marc yes 99$ a month gives u data and auto
11:12:10 {woodie} or u can use your esignal feed inti cheaper
11:12:32 {Marc_S.} esignal feed for TM?
11:12:42 {woodie} yes
11:12:44 {Marc_S.} cool
11:12:55 {Marc_S.} do you have to have an account with PFG
11:13:22 {woodie} to sim no...live yes
11:13:29 {Marc_S.} ok, thanks
11:13:54 {woodie} check with PFG neil tho
[note to self: woodie, boy you sure are pushing PFG eh?]
11:14:53 {Marc_S.} will do, thanks
11:20:32 {woodie} going out for breakfast..bbl
oh shoot! notice below woodie doesn't reply when mis-information is given in room.
---------------------------------
18:48:46 {woodie} flat -5
18:48:49 {mach5} happy post-boating labor day greetings, room
18:56:10 {Jeremy} nyce mach, which body of water?
18:56:33 {mach5} oh, just a local lake down here in louisiana
18:58:46 {mach5} so I was reading above, auto did alright the past few days?
19:01:07 {Rick_V.} I believe woodie said he was up about 400.00 on the euro last night on sim acct.
19:07:54 {woodie} nice would not trigger because bar close lower than -130 so no chase...
[note to self: woodie, why didnt you clear that lie up? it was only asked a few minutes ago.]
19:13:27 {mach5} I like that rule of thumb... <> 130
notice again woodie is pushing PFG (kickbacks) but not helping traders.
---------------------------------
17:31:32 {Marc_S.} how do I enter stop loss
17:38:09 {woodie} I will run live charts at 6:00 est on the euro with zlr and the gb 100 on auto trade in the automaven room...
18:53:42 {woodie} great learning tool ...auto
[note to self: woodie, umm why are you trying to push PFG again and didn't even help a trader that was asking a very serious question? and how can you call an autotrader a great learning too since it doesn't even trader the rules yet. woulnd't that just lead to frustration? or are you more concerned with pushing PFG for kickbacks?]
----------------------------------
Did anybody see the snaphot woodie showed had only $27.50 current balance and that is after tons of trades over many days which doesn't include trading fees or slippage (but who cares lol). and you wouldn't beleive the very last trade it made. #19 short and #20 cover which ended up being withtin 1 minute and on the same bar for a bad loss of -15 at least. was anythign mentioned about it? nope. ROFLMAO.
OUCH! ANOTHER LOSER JUST EXITED!
-8 on EUR at least.
they are just racking them up!
and NO mention of anything when it loses. but sure is a lot of PUSHING autotrader software for LEARNING.
ROFLMFAO!
It is very clear that Woodie does not understand autotrading. It makes me wonder seeing how he is not helping with the room events, not doing ANY teaching whatsoever, and just sits there and pushes PFG charts that he is no longer "The Woodie We Once Knew".
What he is doing is at his own personal cost with respect to his long term friends. I think he may be going through a financial crisis and in need of money. It is my only guess. I would surmise that his trading is not going well.
Kinda like the Autotading lol.
learning what?
how to loose? hahahaha
lol, that thing has taken over 30 trades for his totals. thats at least 30 x 2 sides x $2.00 for each trade = $120. not to mention slippage. wait... there is no slippage lol.
Hey give em a chance. Needs to let the probabilities play out, at least >1000 trades to know if the system works.
lost another one to autotrader! lol
now woodie feels obigated to talk about the 'one' that got away.
22:01:31 {woodie} ok with that 1 st gb that i didn't have set up on correctly there were 13 points and -5 on that one so gb up 100$ so far on gb 100 [EUR]
ok lets figure this out. i watched woodie try to calculate the distance and he was all over the chart trying to see what he could get away with. sorry woodie. its rules. that is what autotrading is about. and based on the rules even if you would have had it turned on it would have been +7 not +13.
opps, i almost was doing what you do. we have to add slippage so +7-1-1 = +5.
opps, we also have to add in 2 trips at 2.00 each best case is $4.00.
so EUR 5 ticks best case and minues trading fees. hmmmm. but what is so pathetic about this is they thing is was a GREAT trade. that is because they are looking at the red bars and see $$$. problems is the autotrader didn't and wouldn't have taken that much out of it even based on the rules they are using.
woodie, go push PFG to newbies lol.
oh wait, we forgot to add fees and slippage and loss of last trade which was -5 itself. wow, we are in the hole again!
and they are still high-fiving each other over it. HAHAHA!
21:50:27 {Limo__(AUST)} Hi Woodie and all. How did the euro go on atm last night?
NO RELY. DEAD AIR.
lol
hey if they run a system cuntering the autotrader, would that make money?
ie do the reverse when it say buy, sell when sell signal comes, buy.
yes it would.
well except for all of the trades taken during chop lol.
looks like woodie has taken his charts down isntead of leaving them up tonight. anybody guess why?
answer: how can he tell the traders to run out and get Trade Maven if what he is trying to sell isn't working lol. hahaha. lol
also, looks like MPLAY (which can't trade, moderate or talk or even begin to understand autotrading has changed his trade plan again. his 3 charts haven't taken a trade for over 8 hours.
they guys are like the 3 ring circus lol.
This last comment was too good to "just" answer it here in the blog. So I took the liberty to quote it in my blog http://globetrader.blogspot.com
This is my blog and I will run it the way I want simple as that and with that being said.... there goes (that means deleted) the first "four letter" word post again.......keep it clean or YOU ARE OUT OF HERE.
Check back tonight for some interesting updates from the world of yada yada yada......:)
Woodie: "TradeMaven PFG quotes are dead... i guess i have no quotes. ok, i got ya... they are down... ECBOT failure..."
i remember back when woodie said they are the best and never have problems. then said hint hint 'IB'. hmmm....
how about hint hint PFG lol.
they are too new to be using for real trading if you are going to make money. theur charting is going through so many changes it makes my head spin. i would recommend standing aside and wait for a year to two for them to get going. IMHO.
It is true that I have never seen Woodie work so hard at 'helping' people than I have with him and TradeMaven autocharts.
Why does he do this? should you have to explain Autotrades since they are automatically marked on the charts? go figure.
I agree. Also, you do realize that SFO magazine is owned by PFG and now that Woodie has signed on with them we are not going to get a fair and balanced view of trading tools like we did before. too bad. what a shame. hes a sell out!
ER2 trades: -8 -8 +13 +9
$60 total then minus
$4.8 x 4 trades = $19.20
Minus slippage of MINIMUM BEST CASE 1 tick per entry and 1 for exit = 4 trades x 2 = 8 ticks slippage = $80 MINIMUM
$60 total minus trade fees $19 minus $80 slippage = -$39
however, woodie doesnt understand
this, and neither does mplay, but they all say "Great day!" and "Not too shabby!"
All i do is sit there and say WTF? -$39 for day and that is with MINIMUM slippage. We wish we could get only minimum slippage when we trade live lol.
YM trades: +12 +? -3 +3 = $125
slippage and fees the same since 4 trades again.
$125 - $39 fees - $80 slippgage = +$6 for day (will that much pay for charts? not if its esignal lol)
these guys are fools.
EUR -$100 for day (but woodie says no time to do it for today lol)
don't forget the slippage and trading fees and costs.
WOODIE is a SELL-OUT.
hmm, -39 +6 (-100 -fees and slippage too) is around -215 for day.
hmm, wonder why no one talks about that? not a fricken mention in the room about total cost. amazing.
{woodie} will donate 15% to Make A Wish
http://www.cafepress.com/buyamoney
ROFL, wonder how much kickback he gets now?
he wouldnt have so much problem with this but he is the one that acted like nothing should be paid for.
CASH KICKBACKs!
woodie is sad now. leading newbies into ruin instead of helping them. shameless.
Get Sierrachrts and use IB feed=US9 per month cost.
Better still get Quotetracker (unregistered version) and use IB fee. Cost USZero per month.
I'm bored and my Euro trade is'nt going anywhere, so I thought I'd respond to a few of the posts. I guess the reply is geared mostly to newbies.
First, I know Woodies system does'nt make enough money for the effort. How do I know? Because I studied it and traded it for 1 whole year. I know Woodies does'nt make much money from trading. How do I know? Because I noticed him get really excited one day when he made $600 and mentioned it in the room how he was going out to celebrate.
Now, if you are a newbie, woodies room is better than many pay sites. You can learn the ropes much faster because there are experienced (or used to be experienced) traders who make and effort to teach others. You learn the value of observing the markets. The value of consistently following one pattern. The value of record keeping and analyzing your trades. I noticed most people think the world owes them something for being born. Well I got news for you. No one owes you anything. If you fail to understand that successfull trading is MUCH more than following some mechanical signal like an android, then you fail to understand what trading is all about. Trading is all about managing your risk. Learning to push those few winners to overcome the many stop-outs. Do I use woodies CCI. yes, I watch for 2 patterns. Do I use DrBobs CCI setup? yes, but I tweaked it to fit my style of trading. Do I use price? yes offcourse, that's what you're trading. You *need* price and you need to see the volume. Infact I find that I don't pay much attention to CCI these days. Although I watch the markets 24/7, I don't even trade as frequently as I used to. I find myself using simple techniques like trendline breaks, observing demand and supply at support and resistance levels and most importantly observing how the market behaves at key pivot times during the day.
I've been trading for 3 years, and only begun to be profitable this year. I played with every imaginable indicator out there. Devised many systems. Traded many markets. The key is to persevere and play with everything till you find a market and a setup that really talks to you. Once you find the right setup, it's like having a 3D experience in the market. You can feel each move, each breath so to speak. You get into the zone and you'll find the market doing pretty much what you expect it to do. So if you are a newbie and expect woodie or anyone else to hand you some kind of "holy grail", you will be in for a bad suprise. You have to do the time,spend long hours and learn hard lessons to earn the right to make money from the markets. Therefore instead of whining of how Woodie screwed you over by pushing some platform or another, move on to the next experience. Haha, what a long post. Don't drink at night kids.
The best teacher is the market, but it charges high tuition fees (the inevitable losses you will incur)
mhashe, spot on mate, you are obviously a seasoned trader who has been there and done it. You cannot just follow patterns and expect them to work all the time, it's all about managing the risk you are taking when you have made a judgement based on an historically supported probabilty that the trade will succeed.
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