Well before anyone works themselves up in a fit here. You have to consider a couple of things.
1. DrBob was a loyal and devoted follower of the Duke of Wood and went "WELL" beyond the call of duty to help others with what DrBob believes is solid way to approach the markets.
And what have you ever done?2. DrBob also setup the first NJTAL from start to finish and had already planned the second NJTAL which means he signed the contract for the hotel and paid the money up front for everything.
And what have you ever done?3. Duke of Wood then decided that DrBob had to go, not that he had to take it into one of the dozen or so other rooms, that no ones uses....BUT YOU'RE OUT OF HERE.
What did you do, anything or just sit there....afraid you will be next?4. DrBob then setup a chat room, where people are allow to talk openly and freely about their trading ideas. Without fear of being kicked and banned for what they say or think. No fear, of posting a chart or asking questions about a different setting or indicators....just traders talking about trading.
And what have you ever done?DrBob has done what 99.9% of the people ....won't....the rest just sit there like sheep, ready to follow, anywhere, anytime or anybody. I have no prolbem with DrBob or TradersHaven, in fact, it is just what people need....a place to come and share ideas, network in a lonely business, tell a joke or two and be part of a community.
Something that others seem to have missed entirely.
Here is the post from Anonymouse about DrBob.........
GO GET THEM!!!!!And post here anytime.....
Anonymous said...
A Statement by Dr Bob Regarding the 50CCI
“I want to take this opportunity to put in writing a statement by myself regarding my use of the 50CCI and the genesis of the trades that evolved from that.
I received a very pointed, unsolicited email from a well known member of Woodies CCI club in which it was said that I was not forthcoming in disclosing my exposure to the 50CCI. It was stated by this person that the 50CCI was taught to me by one or two other individuals in the room and that I should give credit where credit is due. It was also stated that “I made it seem from the beginning that I discovered the 50CCI”. It was also insinuated that I am making a “career move over it”. This is a statement on my background and use of the 50CCI and the trades that I have described using it.
My use of the 50CCI began when I first was exposed to the CCI in the Paltalk rooms very early on. I was in the original Paltalk room when there were 2 rooms being relayed; I was most often in room 2 with Jayscat. I had been using multiple EMAs on my charts before CCI, using a longer period EMA on a lower time frame chart to represent the EMA from the longer timeframe on that smaller timeframe.
At the time, Woodie was using only the 14CCI so I added a 25CCI, 50CCI and 75CCI to mine in addition to the 14CCI as I had no idea how the longer period CCI would equate to the similar method I had been using with EMAs. I just doubled the 14CCI, rounded to 25 and went up in increments of 25 to 50CCI and 75CCI settings. As time went on the need to cut down on information became evident and I dropped the 25 and 75 and ended up with the 14/6 (as Woodie added the turbo later) and the 50CCI. I was never introduced to the 50CCI by another person in the room. I have had it on my charts since day one and have been using it since then also. I was reticent to discuss it in the room, as it was Woodie’s wishes at the time to keep to the basic setup in the room. I showed him what I was doing with the 50CCI at the NJ TAL last year and have shown many others the work on it over the past 3 years. If those people are so inclined they could verify that statement. I have no idea if I was the first to use the 50CCI and have never said that I was. I am not making a “career move”. I am just showing others what I do and if they find value in it, good enough.
The 5014 trade came as a result of a side room we had about 2 years ago with SamS. SamS was trying to develop an auto trade system using WealthLab and had marked every 100x as a potential trade and was accumulating stats. We noticed that the 100x in the direction of the 50CCI was a good trade and he ran the stats on it with favorable results. We were using the 5m ZB chart at the time. We named the trade 5014 and we used that trade in the side room extensively on the ZB and later the EUR. I wrote custom alerts for that trade in Sierra and shared those alerts, almost 2 years ago, with a handful of people who if they feel so inclined could verify that. I can paste a chart of that alert system as I still have it as a saved study in Sierra.
On trading it over a period of 2 years I added the 0 line nuance and thus the name change to 50140.
The 5034 became noticeable to me on the EUR during the same period as above. We traded it on and off in our little side room over the past year, mostly paying attention to the first ZLR nuance. Only recently I have really started focusing attention on it utilizing the spread sheet and stats.
I would like to thank GB007 for introducing me to the 34EMA and for highlighting the importance of accumulating stats on your trades. Joanne also influenced me in this regard. This has been of tremendous benefit and the 34EMA has been a must have tool. I would like to thank the person who wrote the excel sheet that I use and he knows who he is and I have expressed my appreciation to him on numerous occasions. It is his wish to remain anonymous and if he chooses to do otherwise, that will be his decision.
I would like to thank Dharma for her moderating influence and for her excellent insights into the nuances of higher time frame relevance. She is long time friend and trading partner. Woodie’s benefit to others and me goes beyond words. Just trying to give back is all that any of us can do to repay him.
Thank you for reading this dissertation and I apologize for the time spent on it, but I have been advised by good counsel that clearing the air was probably best, as there are probably others besides this one person who had similar feelings on this issue...DrBob”
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