with all due respect..... i do not want to engage in Woodie bashing it is counter productive and hence in the end totally futile some folks will like things others wont i have nothing against Woodie,though he might not like me in my prior post i merely tried to give an idea of a framework to learn to trade there was no Woodie bashing i have said in various venues tht screen time is critical and i still beleive it is but it has to be quality screen time ...using a playback and being honest etc i have said tht till i am even boring myself saying it there are many ways to trade look at tim morge who uses an andrews pitchfork...always thought the name was cool,,,,,, place your effort toward things tht will have a long term benefit for you gb007 and others have already cited the stats many a time ...most will fail and it is usually thru lack of work..but dont belive me ...message gb directly anyways if anyone wants to reach me im at......olegeezer@earthlink.net olm
You don't seem to understand what this thread is about. Logical, informative posts are not welcome. Take your sanity elsewhere.
my goal in saying wht i did was to give a framework it is not now or will be in the future......regardless of wht folks think...to expose charlatans as you say my goal is to make a living doing something i like and am good at please do not ascribe motives to me which are not there in the first place you want to take Woodie on?? then by all means do so BUT i wont be a part of tht game either now or in the future i repeat i will not be a part of Woodie bashing..NOT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! i have recently spent a while thinking about it and while i might not agree in totality w the things folks say. there is validity in wht they do say ergo i would like to focus on the aspects tht i so love,,namely to trade and in turn to help others see something tht i see and they dont or to learn something from them tht they see and i do not i freely admit tht all of Woodies trades are not for me, but some most assuredly do...ill even tell you which ones i particularly like..please bear in mind tht others might have a totally different and equally valid list i like reverse or hidden divergence trades since they are contination patterns...i like tlb when they happen in the direction of the trend...ive come to like the horizontal tlb though it is hard for me to see at times...for me a ghost is simply a matter of a failure to make a new swing high or swing low and tht is how i see them....i use and adore Woodies pivots on a daily basis as i ahve found them to be highly valid over a long period of time.......do i personally use the six bar methos??? ...no...i prefer the 34 ema tht has been so well popularized by GB007......it is interesting to note tht at most times when the 34 ema is trending the cci is below or above the cci zero line as well.......i like three pushes to a top or three drives to a bottom and i will always be looking for REGULAT divergence there..........do i like the lsma..not really too much since it doesnt speak to me.......do i like price patterns like flag patterns...yes absolutely but flags and pennants are classical technical analysis....do i like bands?? well i dont know how to use them to thier best effect.......keltner channels are slightly better but i am still learning....do i personally like or follow the shamu...no i dont..even though Woodie renamed them the Famir shamu....and you know the respect and love i had for the late Dr. Amirparvis.....i also use basic fibos but tht again is well known to Woodie and the entire room ... other folks list of thier preferred trades will no doubt differ from mine...they are not right nor am i totally right...wht works for me might well not work for me and the reverse even though i have not been able to recognize a ghose pattern and this isnt a secret either..i have seen it employed very effectively...the same is true of the Famir shamu...i watched the late Dr. use it to great effectiveness the whole point in this is to say tht you only need one profitable pattern be it tlb w trend shamu ghost etc etc etc tht speaks to you to make a decent living I would hope tht Woodie would agree with some of this but not necessarily all best wishes olm
You want to know something, Woodie? If you weren't such a stick in the mud, you could learn a lot from this "journal" and the "forbidden blog". Forget about me, but listen to the others - they're your people, Woodie - and they're trying to talk to you. It's too bad that they have to come to a place like this to do it...
Tampa I'm afraid the only thing Woodie learns when he visits here - and be in no doubt that he reads every word here - is that people have cottoned on to the motives of the room. Gone are the days when the room was a pure trading room geared to educating people in how to trade. It is now a profit orientated commercial room dedicated to growing in numbers - hence the splitting into three and the triplication of attendees - with the ultimate goal of being a paid room. Any additional income from tradealongs and charting commissions add nicely to the pile. Ego has taken over from humility. The objective is to be more famous than any other trading guru - hence the demand that every room member register for events where Woodie is speaking - thus developing the semblance of cult following. The charitable aspect that once seemed so noble is now nothing but an excuse. Isn't it strange that women account for his most fervent accolytes - maybe they cannot see through the hypocrisy and concentrate on mothering the ' little boy lost' image. Samson gave us a good example on Friday of much that is wrong with the room. Instead of moderating on the charts and possible trading possibilities, he spent his time ranting and raving at Woodie detractors - and this board in particular - just as any cult follower would get lost in the fervour of the moment and chanting the mantra 'this is the best trading room in the world'.. Is it really any wonder that rational human beings cannot identify with such behaviour and look elsewhere to voice their displeasure knowing that Woodie trawls the internet looking for former room members and knowing that he reads this board regularly.
Matilda, You are spot on about Woodies room. And wonderfully intelligent writing - always liked your posts. In case anyone is confused why Woodie is so intent on having the world's largest newbie trading room, look no further: Traders Expo, NY this February: 10:30 am - 11:15 am: Stage Presentation "Using eSignal Charts to Trade the CCI" Speaker: Ken Wood, eSignal Trading the CCI in many markets with eSignal charts, Ken Wood will demonstrate the latest eSignal EFS trading panel from Woodies CCI Club, which is the #1 download on eSignal Central's File Share. This presentation will show how you can profit from trading with eSignal using Woodie's CCI tools. 1:30 pm - 2:15 pm: Stage Presentation "Using eSignal Charts to Trade the CCI" Speaker: Ken Wood, eSignal