Thursday, December 06, 2007

We have come a long way from those paltalk days!!


When Mr. Lambert first wrote about the Commondity Channel Index indicator, it had two pages with mostly charts.

Then Barbara Star wrote an article on a different way to think about the indicator back in February of 1992, that is over 15 years ago now. The recent journey of the indicator has now lead us to this point........

There are 22 different things to think about now....no more batman setups just these:

An alert message bar shows at the top of the chart when the CCI line is above 200 or below -200.

Woodie's pivots for Pivot Point PP, R3, R2, R1, S1, S2, and S3.

Pivot levels show graphically on the chart with price and label.

34 EMA study

25 LSMA study

Candlesticks, Ensign Rockets, Ensign Zebras, or Ensign Flutes. Chart example shows Ensign Rockets.

Big yellow block markers showing past CCI extremes above 200 and below -200.

Small yellow pegs are shown for the first occurrence of a higher high at the top of the sub-window, and for the first occurrence of a lower low at the bottom of the sub-window.

Day Session High value and the Net to the current price from this High.

+200 grid line colored green when Close is above the 34 EMA and colored red when below.

Net distances to the nearest Woodie pivots above and below the current price.

Number of seconds remaining in this bar's time period. Information is shown in yellow when less than 20 seconds left.

High of prior bar and current bar. Current price. Low of prior bar and current bar.
The High values will show in green when the current bar has a higher high.
The Low values will show in red when the current bar has a lower low.

Number of ticks in the current bar.

Angle in degrees of the slope of the LSMA study line.
Angle in degrees of the slope of the EMA study line.
Total of the 2 angle values. Trend labels of Flat, Normal and Trending based on the Total value.

Day Session Low value and the Net to the current price from this Low.

-200 grid line colored red when the angle sum is Flat, yellow when Normal, and Green when Trending.

-100 and +100 grid lines colored with the CZI study which is a nearness test of price to the EMA.

0 grid line colored green when Close is above the 25 LSMA and colored red when below.

Primary 14 period CCI study indicator. Plotted as a thick black line.

Fast 6 period CCI leading indicator. Plotted as a thin yellow line.

Histogram colored gray after crossing the zero line, yellow on the 5th bar, and red or blue when trending.

Make ya wonder what the next 15 years will bring........doesn't it? I hear that the WoodiesCCIClub is now talking about how they invented range bar and are the only people that understand how to use them correctly.....WOW.

17 comments:

Anonymous said...

Yep, they invented range bars and are going to show the rest of the world how to trade them.

What ever happened to the magic autotraders? The auto trade charts don't even update now. Presumably they flunked and PFG wouldn't let their customers trade them.

Anonymous said...

Yep, they invented range bars and are going to show the rest of the world how to trade them.

What ever happened to the magic autotraders? The auto trade charts don't even update now. Presumably they flunked and PFG wouldn't let their customers trade them.

Anonymous said...

"There will be better scams down the road, I guarantee it"

Anonymous said...

Biggs the last of the moderators from the old days said he was leaving. He was honest in his results trading the CCI which was not good.Kinda strange Woodie said the ES was crap because of poor range up until the day he introduced the range bars and walla along with ER,Gold,YM was the ES which now he says has range but only a week before he said it sucked. Oh well

woodie said...

We dont need no stinkin' detractors.

Anonymous said...

Hurry folks! Act now! You too can be the proud owner of the "Woodies CCI DVD Home Study Course". This is exciting news! For a paltry $899.00 + $30 SH or a steal for only $450.00 + $30 SH if you were already turned upside-down and had your pockets thorougly shaken out between June 2005 - November 2007 at one of the world famous Woodies CCI Club trade-a-longs.

I love these tidbits from the ad:

"All sales are final. There are no refunds."

[aka if you feel like you were cheated...too bad...because you were!]

"Special Bonus #1 - Woodie introduces and demonstrates the Hang Seng futures market with a sample of each type of CCI pattern"

[Yeah right. Fact: the HSI would rip him a new one if he actually tried to trade it. But, no worries, it will all look perfect on the historical charts he'll be reviewing.]

"100% of the proceeds Woodies receives after costs go to charity"

[The keyword there is "after". AFTER he puts his hand in the till with travel, room and food expenses for himself and his cronies. Oh, and throw in his wife and Tony's too if there's a neat trip in Europe to plan a quickie 1 day seminar around. Yeah right, *maybe* there's 20% left for charity]

"100% authentic, genuine & straight from Woodie himself"

[Yep, the man himself will look you dead in the eye and shovel the sh to you like a pro.]

"Pure Wooodie & the CCI...Just trade the damn patterns!!"

[There is absolutely NO EVIDENCE that this man even trades. He won't trade live and you'll never see an audited brokerage statement. I'd be shocked to see anything other than some covered call plays on a yearly statement.]

Anonymous said...

Biggs is dieing of cancer and can no longer moderate, he always admitted he wasn't a very good trader because of being an engineer and needed confirmation for everything, but always said he thought the CCI was the best.

The ES is not being traded and the Range Bars have been doing outstanding since being introduced. The markets traded are the ER, NQ, YM, ZG, DAX

The Auto-Traders are 85% ready and there are hundreds who have signed up which means hundreds of contracts all going in at the same time and the ES is being considered only because it can handle that sort of volume. There will be many markets and time frames traded with the Auto-Traders.

Snarky said...

Holy Carp! That chart's got more flashing lights than my Christmas tree. Where are the price bars?

Anonymous said...

Sorry to hear about biggs. He's a very honest person. His only problem was that he blindly trusted the wrong person to teach him how to trade.

"The Auto-Traders are 85% ready and there are hundreds who have signed up..."

There's only one word I can think of to respond to that...sssssuckers!

You don't know if support or resistance is still going to hold regardless of whether you get a CCI squiggly going up or down to "confirm" an entry. "Momentum confirmation" is no guarantee. Since that's the case, I'll always take my chances at where I see support and resistance BEFORE momentum "confirms".

My "confirmation" to enter a trade is done in the research phase of my trading, not in the real-time entry aspects. I don't need to wait for momentum to enter a trade when my research says that I should see momentum occur in my direction AFTER I've already entered. That's a leading indicator folks (being in front of the market, not reacting after-the-fact to something you already expect to hold or fail). The CCI doesn't lead jack.

adam said...

The funny and also the sad thing about this, is that all of these trading indicators are taken from price itself. Averages, difference between price and an average, angle of an average etc etc.

The price series itself can only hold so much information of its likely and eventual level and behaviour, and so without examining other data series, no matter how many indicators one uses, one is still inherently just using one -price.

Clear and precise thinking is required - not an abundance of indicators.

Anonymous said...

dont know if u heard but Mplay was also banned from the WCCI club

The Janitor said...

now why would they banned a fellow like mplay?

Bob and Cathy said...

I am sorry to hear Biggs has cancer. He is such a gentle and honest man. A pleasure to have known him.

I am surprised it took so long for Mplay to leave. It just amazes me how many good people end up having to leave the WC. And how long it takes some of us.

And likely that old fart tells his audience that "he kicked them out" when they left in disgust.

Anonymous said...

Very sorry to hear about Biggs. He's the kind of person we all wish we could have had as a boss or friend. Just plain good people. I have always found this heated cci validity argument interesting. I have on occasion popped in and out of woodies rooms since his early paltalk days (moneypenny, nicktrader, heart, etc) but never bothered with his methods. But if Biggs stuck with him as long as he did they must have at the least worked for him. Just a thought.

GB007 said...

Just like your dog or cat, they will love you no matter what you do. I'm sure biggs was just as loyal no matter what. The sign of a good friend and don't we all wish we would have a friend like that?

Anonymous said...

Woodie brags about using just one indicator,… your post show the load of SH_T he’s peddling. I’ve been with Woodies long enough to see the problems on every level. As far as all theses indicators goes anyone who runs the Woodies panels know how much of a resource hog all these indicators are. To actually trade live is impossible. PFG has not one but many eggs on their face over the “Woodies Genesis Front-end” and the “Woodies CCI Genesis Auto trader. Both products will execute phantom orders and put you in the market without you knowing. All it takes is a disconnect with your ISP. The owner of Genesis, Glen Larson has known about the problems from the very beginning, yet continues to allow traders to put money at risk, knowing full well the product is defective. Where are the consumer advocates on these matters? I am so surprised there has not been a class action suite against Ken Wood aka Woodie, Neil Rogers at PFG and Glen Larson of Genesis. These guys all know of the issues that hurt their clients but are more interested in collecting the money rather than be ethical. What a bunch of crooks.

Anonymous said...

Woodie brags about using just one indicator,… your post show the load of SH_T he’s peddling. I’ve been with Woodies long enough to see the problems on every level. As far as all theses indicators goes anyone who runs the Woodies panels know how much of a resource hog all these indicators are. To actually trade live is impossible. PFG has not one but many eggs on their face over the “Woodies Genesis Front-end” and the “Woodies CCI Genesis Auto trader. Both products will execute phantom orders and put you in the market without you knowing. All it takes is a disconnect with your ISP. The owner of Genesis, Glen Larson has known about the problems from the very beginning, yet continues to allow traders to put money at risk, knowing full well the product is defective. Where are the consumer advocates on these matters? I am so surprised there has not been a class action suite against Ken Wood aka Woodie, Neil Rogers at PFG and Glen Larson of Genesis. These guys all know of the issues that hurt their clients but are more interested in collecting the money rather than being ethical. What a bunch of crooks.