Splitlink said:I have not looked at Woodies site but I do know that CCI is an indicator and, as such, depends on historical data. Overbought/oversold signals. Relative to what time scale? I have never found indicators useful and, worse, I consider them to be positively dangerous.
I would have thought that anyone daytrading and using indicators would be opening and closing too late.
Everyone has his method and, while it works, thinks it the best, so I am not going to push what I do down your necks. I am inclined to agree with Kiwi that 2 ema's and the bar are just as good as any more complicated indicators.
Split
It depends how you use them. If you used them for the old crosses then yes they are "indicators" so have lag and hence the "fast" mas that have been developed for the systems crowd. If you use them for resistance then they have no more lag than any other form of resistance (none really).schoe said:Are moving averages not indicators and as such lag as much as any of the others?
schoe said:Are moving averages not indicators and as such lag as much as any of the others?
jtrader said:What is Woodies CCI? Please can someone give a brieft outline of the system, it's indicators, parameters and how they are meant to work?
Thanks.
Kiwi - You seem to expect it to be simple as well as easy.
And we all know that good trading might be simple ... but it doesn't have to be easy.
Woodie's use of the CCI is neither simple ... nor ... for most who try it, easy. To understand it you will have to work your way through all that material.
Its a little bit of the "markets are complex problem." I have a very simple approach (basically if I was using CCI it would only be 1 of about 6or 8 trades that woodie initiates (used to when i was there)) but it still takes several pages to describe market conditions so that I have a satisfyingly high win ratio. Woodie doesnt have just one trade entry but around eight. Then he has 6-8 possibilities for exits. Then, where he used to use an ema and an lsma to give a sense of trend he now has two indicators that seem to combine them because people had too much trouble sensing trend. And so on and so forth. So the nqoos document actually predates the chopzone and sidewinder indicators.jtrader said:Hi Kiwi
I've paid close attention to your earlier posts in this thread.
Perhaps woodies CCI is intentionally not meant to be easy to learn or follow, hence the lack of navigation aids on the website. Perhaps its better to have a person search endlessly through the archives for 6 days, when they could get the gist of the approach in 6-minutes, if all the information was displayed logically, and together .