Who is Woodie???

Does sound a bit congregational, doesn't it?

 

I suspect the real problem with the room is the users. Too many newbies and too much back slapping after every winner. The method is better than some have indicated, but needs to be applied with great expertise.

 

All I know is that if you believe the old adage, "all publicity is GOOD publcity", Woodie has to be happy with the exposure here on ET!!!

 

I apologize for the negativism that I expressed earlier in a couple of previous posts. That is not something that I feel good about. It is a total waste of energy and accomplishes nothing.

A lot of people have helped me along the way in my trading, and a lot of it I figured out myself, especially the part of how I fit into the system. I would like to think that I have also assisted others become profitable as well. If you think I could assist you, I am in Woodies room every day. Just ask.

There are some excellent traders in Woodies room and there is a wealth of great information and resources available. It is also a very positive environment, something that you might find refreshing.

 

Professional paper traders?

 

quote:

Re: Re: Banned from woodies for posting some issues


--------------------------------------------------------------------------------
Quote from keving1:

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
--------------------------------------------------------------------------------



Perhaps woodie can change the name of his chatroom in Woodies's CCIChurch.

====================end quote.

woodiesCCIcult sounds better.


Now to Kevin:

I find it amazing (and get mad) when people do not want to give a straight answer and start quoting personal things rather than addressing an issue / question?

Now - if you bear with me - I will explain that I stand by that remark to Fitzy.

But before I do explain that let me ask / state a FEW of the things once again (I sound like a broken vinyl record record here, skipping a groove, but I still have not seen an answer).

1) GB007 - for whom I have the highest respect and who shows wisdom in his postings - states that his 40 years experience it took him 6 months to start using the CCI in addition to what he was using.

(http://www.elitetrader.com/vb/showthread.php?s=&threadid=29671&perpage=6&pagenumber=7)

2) Like I mentioned before: On
http://www.talkstox.com/forum/showthread.php?threadid=6&perpage=10&pagenumber=3

Woodie states some rules on how to trade the CCI.

There was no mention on hidden divergences, regular divergences, shamu, VT, ghost etc. which seem to be the "fashion of today".

Please note the date on that is 8-3-2002 (18 months ago)

3) It is a well known fact that Woodie used to use tick charts. He next went to minute charts. Now the move seems to be on to Volume Charts.


As has been stated that the method may be simple it can (and most likely will) take a long time to master. Like an experienced person, who has been trading succesful for 40+ years: 6 months.
Like some other statements I have heard in the room: "I have been at it 18 months and only now the CCI is starting to talk to me".

I was looking for an answer to the question:

HOW IS IT HELPING ( = making easier for ) NEWBIES TO LEARN IF THE RULES ARE CONTINOUSLY CHANGING?



(besides all the other things that I was wondering about how it was helping the newbies)

And as I promised earlier on: Now an explanation to the above post to Fitzy40.

My perception is:

Apparently GB007 has not changed his charts for years. He is using the 34 EMA, a stochastics for regular divergence and the CCI for the ZLR entry.

Fitzy has adopted the same 34 EMA and 14 CCI method as you can see from his postings.

If you have the HOLY GRAIL (or close to it) then you DO NOT change your setups.

(no need to keep on searching)

As such one can assume that there is value in GB007 (and Fitzy's) method.

So I studied how those two gentlemen worked.

I did not adopt Woodies method because a) the continously changing setups and b) the long learning period ("you'll need screentime, hours, hours, thousands of them") . It would be like trying to build a house on quicksand.

Thank you GB007 and thank you Fitzy40 for your postings of your setups, they have been most helpful.

Gary (GB007), your lecture "Discipline & Money Management" has been extreemly usefull, many thanks for that.

Thank you Woodie for the earlier "Woodies notes" posting on talkstocks.

This is my last post on this subject.

PS I still feel sorry for all those people flocking to the over hyped room.

 

Hey, you left out the smiley face!
You cultists need to lighten up a bit.
I was conceding that up to 100/500 of you may be profitable.
Question is whether the good intentions of the few are really doing the other 400+ any good, and whether the profitability of the few has much to do with CCI. (As has been pointed out by many of the other posters on this thread.)

You seem to be looking for a support group, not a "rational" discussion. Rational discussions engender conflict in which not everyone is always as polite as they should be, and in which your cherished beliefs may be challenged.

I encourage everyone from Woodies group to narrow their focus down to just the CCI indicator used on a single security. If you don't get it right away, just keep plugging away at it and pay close attention to the CCI gurus and their latest tweaking. They are there to help you out of the goodness of their hearts, so you have nothing to fear but fear itself. And its free!

 

Marinus, I don't know about a "distorted view," but you do seem confused. You certainly contradict yourself on a regular basis.

I am happy that Woodie, GB, Fitzy and Kiwi were able to help you, that is great. The fact that you state that you have "turned the corner" is outstanding. What I do not understand is why you felt it necessary to slander Woodie's CCI club and those that helped you???

No need to respond, Marinus, what is important is that you are now profitable, keep up the good work with your CCI trading.

Keving

 

Attn: Newbies T R A D I N G I S A H A R D B U S I N E S S


I started this thread to learn about woodie and his room. I did not know anything about the person or his chat room when I started this thread, and approached the entire investigation with no preconceived ideas or opinions. (as drbob has alluded to in his response) . And drbob contrary to what you have said, I had no bias as far as woodie or you or the chat room. The comments and replies from past members of your room on Elitetrader were more than just a little unnerving. They were frankly quite disturbing. And that’s when my investigation began.

It is true I had spent only one session in his room, well perhaps two. I did log in the next day during market hours only to find a bunch of traders chatting on about how many video cards one should stuff in his computer and how a couple of traders were going to double down or maybe triple down, on a losing EUR position. I listened to other mindless chatter for a while and decided that I had heard enough. And yes Drbob, one session was all I needed to make my judgment. I have been around many a guru and spent more money than I care to reveal , in my quest for the illusive market riches. My search has always sadly ended with the same results. More wasted time. Yes time. Not so much the money aspect of it. Precious time I will never regain and will be forever lost. And yes, I do consider myself an expert in guru analysis, I got an A+ in the school of Hard Knocks, and have more than enough qualified experience in this area to make the quick call. I believe after my visit I had more than sufficient information about this room to send me running, not walking in the opposite direction.


As far as being wrong about the room. I find that funny. You and several of your fellow Woodian praetorians (sorry praetorian2 ) became quite angry for about 10 or 12 chat pages. So angry in fact, that you felt the need to apologize for your behavior in a subsequent posting. You know, we here at Elite Trader are just one big happy family and I am glad you decided to apologize for your emotional outbursts. By the way, I have found over the years in dealing with people in an interpersonal way, that when one becomes freaked out and unhinged as you did, It usually is a result of hitting a sensitive nerve. I would say that my judgement call about your room was in fact…….spot on!!! One question still remains, exactly which nerve did I hit? It wasn’t your trading skills, you posted those. But hey….I could care less if you totaled 10K for the day, my issue is not with profitability it’s with the Gurusville aspect of the whole room. I guess time will tell what ticked you off.


As for learning CCI, I am still interested in the subject. Just without the hype, thank you. I consider myself a student of the markets and I am always open to new techniques and ideas, which is why I occasionally stumble back into Gurusville, for only enough time to get my bearings and hightail it back out.

Over the years, in my quest for profits, (and I do mean years), I have been ripped off, lied too, and cheated by some of the nicest people you could ever meet. There were actually one or two individuals (gurus), whom I really believe thought they were handing me the secrets of the universe. lol.

This brings up an additional point which many people missed. There are two issues about your room, not one. The first is the kindness and helpfulness that many room participants and moderators display when new members arrive. A kind of warm fuzzy feeling that this rooms Motto seems to exude, "Traders helping traders" . Which is fine and admirable. Helping traders is great. Drbob and woodie talked to me for a second, great. Everyone is friendly, great. I give the room credit for that. The other issue is far more important. Is this room producing qualified traders who are able to extract money from the markets on a regular basis? If the goal of the room is to educate, the results of this education must be eventual profits. Bottom line. And not simply profits from the veteran traders with many years of prior trading experience who could probably trade on price action alone, but from at least 30 or 40% of the group. Is anyone learning this edge in woodies room?. Is anyone profitable? Can 30 or 40% of the average woodie newbies with 24 months of CCI experience trade just using CCI and do better than breakeven? If not, then this room is simply a waste of time…. And furthermore, how many chat participants, who finally become profitable but mistakenly attribute that success to woodie and not to their overall efforts. In some cases, years of tireless study and struggle in such aspects as Technical & Fundamental Analysis to gain but even a small edge in these markets. Gaining an edge in these efficient markets is quite elusive. Some Mechanical systems only maintain this edge for but a brief period in time, before flaming out. And that double shamo reverse slingshot is highly discretionary at best.


Pushing people into expensive charting packages such as E-signal. There is a problem with that.

Moderators who teach this skill to new members who are not profitable themselves? Excuse me. You expect me to learn and repeat everything he does. I know what my results will be. There is a problem with that.

DrBob and woodie - trading is not a thing of ego. I am right, you are wrong. Trading is simply about taking money out of the markets on a consistent basis. It sounds a little harsh to some, understandably so. But this is what we all strive and battle with as traders to do. Making comments to the beginner trader such as "I don't need no stinkin prices to trade the markets" I believe is an irresponsible , misleading and potentially destructive to the new trader. In his quest to be “like woodie” he will lose his shirt. I repeat, This is not an ego event. These comments are obvious marketing hype, and I just haven’t quite figured out where this will lead. I guess the future plans for your room will tell us all. (WoodiesVille, books, tapes, seminars, FCMs ??????who knows.


Personally, I had been meandering in Gurusville for about 4 years. Wow how time flies!!! It was about a year ago when I decided to rely on myself and no one else. And at that moment , I started to see slow progress toward my goal. No more market tips, no more WSJ or IBD, no more CNBC, no more $350 a month Real-time mindless chat rooms, no more guru seminars, guru books, or guru tapes. Just a lot of extra hard work that I had been putting off, always looking for an easier way. Yes, It has been a struggle for me without a mentor, sometimes I felt I was literally on the verge of a nervous breakdown and it may be a struggle for you the beginner as well. But the steel blade will eventually forge in the furnace. And please also remember, that your trading style is a unique quest. Your trading style is a your personal canvas to be painted by you in whatever themes and colors you choose. It is truly a senseless idea to inhibit any ideas or steps in this learning process. Trading must fit with your personality. And yes, without a mentor it will take time, so choose wisely if you can find a real one at all.

In my opinion, the first step for the beginner is to exit Gurusville. The quicker you do it, the more precious time you can save.

I would personally like to invite all the traders at Woodiesville Chat who wish to finally leave Gurusville over to Elite Trader. Read and search the many fine posts this thread has to offer. During the time I have been here I have found many nuggets of gold . Much information presented is truly as good as it gets, without the hype and Gurusville.. The digging is sometimes hard, but well worth it. There are many truly excellent traders here at ET, marketsurfer, dbphoenix, scientist, Aaron Schindler, Steve46, NihabaAshi, praetorian2 and others whose post I would recommend reading. Real traders, no Hype.



Best Regards,
Dave Scott

 

Great post, Indeed!