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  • #21
  • Apr 11, 2006 7:07am Apr 11, 2006 7:07am
All indicators have a degree of relevence. All an indicator is is a graphical representation of market movement. Each one is smooth or calculated by a mathmatical factor to represent current market conditions and lend aid in determining future market conditions. Period.

If you find that and RSI, Stochastic, CCI oscillators don't work for you, then obviously your brain processes the results differently than others who have had great success with such indicators. From what I understand, most of the gentlemen who designed these indicators did so to show a certain market condition....if that's the case, maybe the understanding of the indicator on the end users side is wrong and not the indicator itself - it's just doing it's job.
Capital Preservation is key to long term wealth accumulation
  • #22
  • Apr 11, 2006 7:14am Apr 11, 2006 7:14am
Quoting MuddBuddha
All indicators have a degree of relevence. All an indicator is is a graphical representation of market movement. Each one is smooth or calculated by a mathmatical factor to represent current market conditions and lend aid in determining future market conditions. Period.

If you find that and RSI, Stochastic, CCI oscillators don't work for you, then obviously your brain processes the results differently than others who have had great success with such indicators. From what I understand, most of the gentlemen who designed these indicators did so to show a certain market condition....if that's the case, maybe the understanding of the indicator on the end users side is wrong and not the indicator itself - it's just doing it's job.
Thanks for the insight. Yeah dont no how to use those indicators!!!!!!
  • #23
  • Apr 11, 2006 7:14am Apr 11, 2006 7:14am
In most cases, I have found that when one looses money trading, it has more to do with money management than the trading signals. A good system has to incorporate all aspects. In the Forex all indicators are based on price in one way or another, so no matter weather one uses price action or an indicator they are still looking at price. What one should be looking for is a confluence of several events and filters that would indicate a trade, based on sound MM and %R

SMJ


Quoting vinn234
look not trying to be the negative guy , but stoch , rsi, roc . wathever, you can have them all . There just to subjective and missleading spent 2 years following and reading books on that junk and Blew a lot of money trying to justifiy ther relevence .. Pure junk if you ask me Just my opinion . I am not knocking the system by all means if it works for you then great .
  • #24
  • Apr 11, 2006 7:35am Apr 11, 2006 7:35am
We did a class on the CCI a couple of months back....here is the replay link:

http://protradingnetwork.com/CCI_Tra..._Training.html

Audio is a bit rough, but if you can bear through it, it is an absolute gold mine of info!
Capital Preservation is key to long term wealth accumulation
  • #25
  • Apr 11, 2006 8:01am Apr 11, 2006 8:01am
Thanks MuddBuddha, That is a great presentation. IF people do not watch that, they are missing something great.. SMJ



Quoting MuddBuddha
We did a class on the CCI a couple of months back....here is the replay link:

http://protradingnetwork.com/CCI_Tra..._Training.html

Audio is a bit rough, but if you can bear through it, it is an absolute gold mine of info!
  • #26
  • Apr 11, 2006 9:32am Apr 11, 2006 9:32am
FX your system trades are interesting, thx for sharing them w/us here.

Quoting MuddBuddha
We did a class on the CCI a couple of months back...
Facinating CCI study MB, very well done and Kudos to the instructor. Does she have more info at your site? Maybe a forum thread??

Cheers,
Thom
  • #27
  • Apr 11, 2006 10:30am Apr 11, 2006 10:30am
Quoting vinn234
look not trying to be the negative guy , but stoch , rsi, roc . wathever, you can have them all . There just to subjective and missleading spent 2 years following and reading books on that junk and Blew a lot of money trying to justifiy ther relevence .. Pure junk if you ask me Just my opinion . I am not knocking the system by all means if it works for you then great .
Execuse me but
I think you misunderstood my system. I hate RSI and stoch alone and the way usually traders use them, Because they can nothing to with trending market. I used just slope of these indicators together with other filters.
kiss the trend
  • #28
  • Apr 11, 2006 10:33am Apr 11, 2006 10:33am
Quoting smjones
In most cases, I have found that when one looses money trading, it has more to do with money management than the trading signals. A good system has to incorporate all aspects. In the Forex all indicators are based on price in one way or another, so no matter weather one uses price action or an indicator they are still looking at price. What one should be looking for is a confluence of several events and filters that would indicate a trade, based on sound MM and %R

SMJ
nicely commented!
a trader with excellent system and withough descipline will end up in loss
and a trader with strict descipline and the worst trading system will end up at least at break even (In long-run)
kiss the trend
  • #29
  • Apr 11, 2006 10:50am Apr 11, 2006 10:50am
Hello MuddBuddha
Thanks for the great presentation.
Can you tell me how I can get 14 and 6 CCI to
the same indicator window in Meta trader?
I am very new to this and not very familiar to
programming.
Also I do not seem to get the vertical lines in
the indicator as in the presentation
Senbanda
  • #30
  • Apr 11, 2006 11:09am Apr 11, 2006 11:09am
Quoting accrete
FX your system trades are interesting, thx for sharing them w/us here.

Facinating CCI study MB, very well done and Kudos to the instructor. Does she have more info at your site? Maybe a forum thread??

Cheers,
Thom
She is an awesome instructor and I will try to get a follow up from here....If you have specific questions, email me and I will direct you to her ProfessionalForex.com email box.
Capital Preservation is key to long term wealth accumulation
  • #31
  • Apr 11, 2006 11:11am Apr 11, 2006 11:11am
Quoting senbanda
Hello MuddBuddha
Thanks for the great presentation.
Can you tell me how I can get 14 and 6 CCI to
the same indicator window in Meta trader?
I am very new to this and not very familiar to
programming.
Also I do not seem to get the vertical lines in
the indicator as in the presentation
Senbanda
I don't use Meta Trader personally, but you can try http://forex-tsd.com

They are bound to have a Woodie CCI script already built.
Capital Preservation is key to long term wealth accumulation
  • #32
  • Apr 11, 2006 12:32pm Apr 11, 2006 12:32pm
Quoting senbanda
Hello MuddBuddha
Thanks for the great presentation.
Can you tell me how I can get 14 and 6 CCI to
the same indicator window in Meta trader?Senbanda
You can download the MT4 WoodieCCI indicator from several places on the web. I have mirrored this freely available indicator also at my domain. Follow this link below, and then go into the "mt4_indicators" folder and look for WoodiesCCI.mq4 and place it into your indicator's folder, open your MT4 and you should find it in the custom indicator's foler in the navigator window.

http://accrete.com/fx_mirror/

Cheers,
Thom
  • #33
  • Last Post: Jul 13, 2009 6:48am Jul 13, 2009 6:48am
anyone still using this system ?
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