Woodies CCI trading system

Is Woodies CCI a leading indicator?


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linkon7

Well-Known Member


1 min showing ghost...
here, common sense tells us that the price range has been very narrow...
so a sell based on this..will give us only a percentage move in terms of price... which isnt much in terms of profit...

we sell at 4808 and see CCI meets target while price is at 4806... we cant exit.. as profit not that big... we hold on with sl at 4810...

not a good trade... as profit potential has to be clear before u take a trade... This trade we avoid...
 

linkon7

Well-Known Member
25 trades taken so far with this system... in alpari
2 hit Sl...

profit factor is 7.5
strike rate : 92%

3000 has now become 4123...
 

Pralhad

Well-Known Member

veekay304

Well-Known Member
Here are some charts that demonstrate the woodies CCI system.

I am using woodies CCI panel with following indicators:
1.woodies 14 CCI and 6 turbo CCI with coloured histograms that show the trend
2.chop zone indicator to show the prevailing trend
3. sidewinder to show the strength of the trend
4.LSMA or least square MA

Pivot points which are used by Woodies too.

The only thing I have added is double Bollinger bands which give me additional info about
1. trending/ranging market
2. volatility which are not avident on cci.


Before entering the trade, I see
1. trending/ ranging market from bollinger bands. Ref. Boris Schlossberg's book on TA
2. Momentum from woodies CCI panel and his 8 pattterns
3. volatility from Bollinger bands
4.Intraday pivot points for targets
5. previous day HLC as supports and resistance
6. Index and general market conditions.

I am using fxcentral charts which is metatrader 4 for Indian markets.









I will be discussing woodies patterns with chart examples in next posts.
Your opinions are welcome.

Does anybody has the afl for the above chart (exactly same..) The one listed in this thread or Linkon's CCI chart doesn't carry the depth of info as in this chart.. I had this earlier, but lost and couldn't find it at all..
 

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