Woodies CCI with a 5 min scalping | Forex Factory

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Woodies CCI with a 5 min scalping

  • #1
  • First Post: Aug 26, 2007 9:33am Aug 26, 2007 9:33am
Hi,

I am curious anybody here uses woodies CCI for their trading.

Currently, I am testing out a method based on

1) Woodies CCI (14,6 & 25)
2) 5m chart
3) Rainbow MMA (self modified to reduce PC processing)

I have attached my rainbow mma for those who are interested. If you have any idea in regard to woodies CCI, I would appreciate if you could share with me. Thanks
Attached File(s)
File Type: mq4 RainbowMMA_01_v1.mq4   2 KB | 5,380 downloads
File Type: mq4 RainbowMMA_02_v2.mq4   3 KB | 3,041 downloads
File Type: mq4 RainbowMMA_03_v1.mq4   3 KB | 2,868 downloads
File Type: mq4 RainbowMMA_04_v1.mq4   3 KB | 3,430 downloads
  • #2
  • Aug 26, 2007 9:55am Aug 26, 2007 9:55am
Quoting yyc196
Hi,

I am curious anybody here uses woodies CCI for their trading.

Currently, I am testing out a method based on

1) Woodies CCI (14,6 & 25)
2) 5m chart
3) Rainbow MMA (self modified to reduce PC processing)

I have attached my rainbow mma for those who are interested. If you have any idea in regard to woodies CCI, I would appreciate if you could share with me. Thanks

I've been playing with Woodie's CCI for several years.

I have never been able to make money with it.
I'm not knocking it because there are a lot of people who claim it works for them. It never has for me.

I've had more luck with Dr. Bob's CCI 50 setups.
  • #3
  • Aug 26, 2007 10:31am Aug 26, 2007 10:31am
Quoting billbss
I've been playing with Woodie's CCI for several years.

I have never been able to make money with it.
I'm not knocking it because there are a lot of people who claim it works for them. It never has for me.

I've had more luck with Dr. Bob's CCI 50 setups.
What are your setup?

Maybe I will show some screen shot for my trade
  • #4
  • Aug 26, 2007 11:08am Aug 26, 2007 11:08am
Quoting yyc196
What are your setup?

Maybe I will show some screen shot for my trade
My setup on the traditional Woodie's CCI was CCI 14, CC 6 and 34EMA.

On Dr. Bob's it was CCI 50, CCI 14 and 34EMA.
  • #5
  • Oct 4, 2007 7:50pm Oct 4, 2007 7:50pm
I actually daytrade using Woodie's CCI and am profitable with it on 5 minute timeframes... I use it on Hang Seng for the most part.

Woodie's CCI has been proven to be profitable. You can actually go to his site and register at the forums and see, every day, all the trades they take on the Russell and whatnot...

Before he introduced the sidewinder and chopzone indicators, I wouldn't have touched it with a ten foot pole. But that's all different now.

I used to actually moderate the Forex room...
Mr. Trend
  • #6
  • Oct 4, 2007 7:51pm Oct 4, 2007 7:51pm
Quoting billbss
I've had more luck with Dr. Bob's CCI 50 setups.
I really like his setups as well.
Mr. Trend
  • #7
  • Oct 4, 2007 9:30pm Oct 4, 2007 9:30pm
Quoting Mr Trend
I actually daytrade using Woodie's CCI and am profitable with it on 5 minute timeframes... I use it on Hang Seng for the most part.

Woodie's CCI has been proven to be profitable. You can actually go to his site and register at the forums and see, every day, all the trades they take on the Russell and whatnot...

Before he introduced the sidewinder and chopzone indicators, I wouldn't have touched it with a ten foot pole. But that's all different now.

I used to actually moderate the Forex room...
Do you have sidewinder and chop zone for MT4?
  • #8
  • Oct 4, 2007 10:02pm Oct 4, 2007 10:02pm
Quoting billbss
Do you have sidewinder and chop zone for MT4?
Tada.
Attached File(s)
File Type: ex4 CZI.ex4   4 KB | 7,080 downloads
File Type: ex4 FX Sniper's SideWinder Overlay.ex4   7 KB | 6,930 downloads
Mr. Trend
  • #9
  • Oct 5, 2007 2:49am Oct 5, 2007 2:49am
Can you show us some charts using your indicators? I look forward to seeing them. Also, if you would, can you post your CCI for traders that do not have this indicator?

Keep up the good work!
  • #10
  • Oct 5, 2007 2:51am Oct 5, 2007 2:51am
I've tried it as well but unless you really have time to spend on learning the various CCI patterns, you're better off going with the trend and trading simpler. But I still use one pattern all the time though, the 50 reject.
  • #11
  • Oct 5, 2007 2:54am Oct 5, 2007 2:54am
Mr. Trend, now you have my curiosity peaked. Can you show us a chart of your system with the indicators. Why did you stop moderating the forex room?

Keep up the great work Mr. Trend, your an asset to this forum.

Quoting Mr Trend
I actually daytrade using Woodie's CCI and am profitable with it on 5 minute timeframes... I use it on Hang Seng for the most part.

Woodie's CCI has been proven to be profitable. You can actually go to his site and register at the forums and see, every day, all the trades they take on the Russell and whatnot...

Before he introduced the sidewinder and chopzone indicators, I wouldn't have touched it with a ten foot pole. But that's all different now.

I used to actually moderate the Forex room...
  • #12
  • Oct 5, 2007 3:51am Oct 5, 2007 3:51am
Here is a CCI set up with Dr Bobs (and Woodies) settings

50/14/6 the histo is the 14.

Mart
Attached File(s)
File Type: mq4 DRBobCCI.mq4   4 KB | 10,417 downloads
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  • #13
  • Oct 5, 2007 3:55am Oct 5, 2007 3:55am
Thanks for sharing with us! Good luck trading today.

Quoting mart-hart
Here is a CCI set up with Dr Bobs (and Woodies) settings

50/14/6 the histo is the 14.

Mart
  • #14
  • Oct 5, 2007 8:23am Oct 5, 2007 8:23am
Here is a woodies setup I traded a couple of weeks ago...

http://www.forexfactory.com/showpost...5&postcount=78

I actually like woodies, but do not find that in forex it gets me in a trade early, as some woodies users say. If anything, I get in after the big jump after a retrace... I've found simple PA alone to work just as well. For example:

http://www.forexfactory.com/showpost...1&postcount=92
http://www.forexfactory.com/showpost...2&postcount=98

  • #15
  • Oct 5, 2007 9:19am Oct 5, 2007 9:19am
I am building a new trading rig this weekend. When I get it built, I'll have photoshop on it and whatnot, and I'll post some setups... at least from Hang Seng...
Mr. Trend
  • #16
  • Oct 6, 2007 7:33am Oct 6, 2007 7:33am
It took me 6 months to finally start becoming profitable with the CCI. I used only the 14 & 6, with no price, and traded it on the 30 min TF. After becoming somewhat profitable, I finally realized it wasnt for me.
  • #17
  • Oct 15, 2007 3:29pm Oct 15, 2007 3:29pm
I use CCI to trade but just cant make it work on 5 mins.

I use 15 mins on Cable and Eur/Jpy.

Although Woodie "Dont use no stinkin prices" it works better for me with candles/trend lines and fib's

I have marked up a chart with what I saw to day on cable. Woodie purist's may not agree :

Mart
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 32 KB
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  • #18
  • Oct 16, 2007 12:28am Oct 16, 2007 12:28am
Quoting mart-hart
Although Woodie "Dont use no stinkin prices" it works better for me with candles/trend lines and fib's
Nice trade!

Sorry, I don't care how successful the guy and his team is, to hide prices is the dumbest thing ever. CCI is just like any other indicator--it lags, and it always will. It will turn up some good trades, but so will any other indicator when used in the right market conditions. I liked using it, but you can get the same setups by just watching price, which is hard enough to do even by itself consistently!
  • #19
  • Oct 16, 2007 3:03am Oct 16, 2007 3:03am
This morning gave a good example of using cci but with price technical’s.
There was a ZLR signal but the long would have hit the Asian high.
It then turned into a ghost trade.
Just using cci alone you would have then had to stop and reverse and maybe not taking the winning trade or at least a late entry.

I would now be looking for a Z.L.R. but only at a major fib; let’s see how the set up develops.

Mart
Attached Image (click to enlarge)
Click to Enlarge Name: ghost.gif Size: 21 KB
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  • #20
  • Oct 16, 2007 5:14am Oct 16, 2007 5:14am
And then like a well oiled clock.


Mart
Attached Image (click to enlarge)
Click to Enlarge Name: fibcci.gif Size: 14 KB
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