How to use Woodie indicators in the U.S. stock market - Trading Systems

bonten 2008.10.06 16:53 #11

Linuxser:
I will post the three setups with instructions later.

Hi, it would be nice to have some update on this, thanks.

Linuxser 2008.10.06 23:35 #12

bonten:
Hi, it would be nice to have some update on this, thanks.

Ok, I made some comments on the pictures. To follow the original system I recommend to read the PDF posted on the original thread.

I prefer to go without to much "look for this, look for that". Besides that I know very well Woodie patterns and it's too easy for me recognize where and when. I only look for two patterns, not three, not four as is explained on the papers.

Picture below: Is what it's called the 5014 with 5034z on the papers. I just like to see one pattern.

Picture below: same pattern as above picture and the second pattern: where both CCI crosses ZL close enough one from the other. This is a trend change.

Next pictures shows trades on both patterns.

Files:

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EA not closeing trades MA cross/Price cross MA EMA_WMA EA ECN mode

Linuxser 2008.10.06 23:45 #13

CCI is a highly sensitive indicator. Is not MACD is not RSI.

A few changes on the price behavior will take it to extremes easily.

So that we can't expect to follow a trend. We just look for timely entries and exits. Go in and go out faster.

If we're on hourlies a good trade maybe is 4/5 bars and with luck 10 bars.

Woodie and Dr Bob does not hang a trade too much time. Specially woodies that trades on 5 minutes.

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The "XO"-Method......... LabTrend CCI Woodie like

Poocher 2008.10.07 00:18 #14

Great examples...thanks Linuxser!

Linuxser 2008.10.07 00:27 #15

Poocher:
Great examples...thanks Linuxser!

Thanks friend.

Please don't hesitate to write/post if you (or anybody) have some questions. Sometimes because I know the systems I avoid to post some instructions thinking the reader must know this or that. And often the reader does not know about what I'm talking .