To quote your earlier educational posting franklin (based on something BS said where I believe he suggested the room was moving the emini, lol; he also implied that woodies room could be causing the spikes on the euro)): "Hey, shut up about this! We want the 400+ fools to keep thinking they can make money using only CCI. (I'm sure Woodies intentions are good. So were Ponzi's.)" roberk, I am sure that many here have good intentions, maybe even most, but there is a very vocal group who demonstrate that there are better places on the net for a rational discussion. Perhaps I will see you in one of those places some time.
I began a new thread about CCI http://www.elitetrader.com/vb/showthread.php?s=&postid=454307#post454307:) Kiwi- please join the new thread. I specified no personal comments.
Gosh, I must have been a real bad boy! Putting some verifiable information here on elite traders has now resulted that on www.e-minitraders.com (where WoodiesCCIclub have their messageboard) I get this message: You have been banned from this forum. Please contact the webmaster or board administrator for more information. And to www.e-minitraders.com I say: Thank you. You have been a great help. No more discussion / comments are necessary, here ( on this message board ) the people will draw their own conclusions.
BS, I personally wouldn't have banned you but if you really think that what you have said here is "verifiable information" you have perceived things very differently to others. Dave runs his own board so I guess he can make his choices. Perhaps if you read your posts you might see them differently. I didn't see them as accurate or realistic which is why I took you up on a number of specific points. I didn't challenge everything that could have been challenged by any means. And rather than making another of those "everyone can judge by xxx statement" just look at the specific areas I did challenge. I previously perceived you as a smart capable guy but your statements didnt read like that; I was stunned and amazed by the things you said. Best of luck in future, Kiwi
Gee, I guess you'll have to come up with . . . now what do they call it? . . . umm . . . oh yeah, an alias!
Bingo Dax! It's this type of nonsense that really irked me about the room. Some defenders of the room say "Hey this is just a guideline. You still need to explore on your own". So what happens when a newbie does a miniscule bit of exploration and discovers that momentum can NEVER lead price by defintion. If he asks about this, it is a challenge to the master and he is banned. If Woodie were to point out that he uses CCI but that a lot of his entries and exits are just "feel", I could respect that. He would then have to aknowledge that CCI is no magic indicator, but just a tool. But no. He claims it is the world's only LEADING indicator! Hallelujah! Woodie has found the Grail! Let us worship him and samsh any infidel who may question! The mastery (as is possible) of a simple system is good advice. Keeping a positive attitude is good advice. The traders in Woodie's room who post trades realtime can be extremely valauble, once you sort them out from the frauds. Religious devotion to a simple momentum indicator and the man who "unlocked" all it's hidden properties is dangerous.
Which is not to say that he's doing it with any evil intent, or that he doesn't believe every word he says. In fact, it is more likely that his perceived sincerity is based in a fundamental conviction to whatever it is that he's doing. The only problem is, he's wrong.
We tried to help you, I, personally, spent time discussing ZLRs and the differences in forex vs. currency futures, etc. And, you recently commented the following: "Fitzy, Many thanks for your contributions and help given. With your examples you helped me turn the corner. All the best wishes, Marinus" I was surprised, to say the least, with your comments here on this web board. You did not seem to be the same bali_survivor that was on e-minitraders.com. I even sent you a PM asking if this were you. Oddly, you never responded............ I am happy you turned the corner, Marinus. I hope the CCI will continue to make your trading profitable. Best of luck out there, Kevin