Trading Woodies CCI System by Jeff firstname.lastname@example.org Copyright © 2004 Jeff Gannon
Woodies CCI Club
The Charts The Trend
The Trade Entry And Exit
The Patterns The Preparation For Your First Trade
you don't use CCI here is some great advise in
Preparation For Your First Trade
Trading Woodies CCI System
revision R-0.7 is a work in progress. Rather than possibly missing a post in the
room, please let me know via email listed at the end of the document if you see
any mistakes or can suggest something that may improve its clarity. Please
include the document version number, page and sentences that you are referring
to if relevant. Your continued feedback will help make this a much more useful
document for everyone.
The purpose of this document is to help people
learn Woodies CCI system in its entirety, just as Woodie himself still trades
it, without any confusion. This way they can spend time practicing and getting
in quality screen time instead of trying to understand what the guidelines
actually are. However, it only explains the guidelines. You will absolutely need
many months of screen time to master this system. You will not be a
successful trader unless you follow your rules and put in long hours of screen
time and practice.
This document can also help long time traders of Woodies CCI system to get back to basics. If you are not doing as good as you want then remove everything off of your charts right now, start fresh and follow the guidelines.
is much less than 20% trading system and more than 80% mental control. Your
brain is worthless when trading. It tries to tell you how to trade. Do not
listen to it. Shut it down. It sends out 200 emotional messages for every 1
logical useful thought. At that rate your account could be gone in weeks. You
cannot use emotions in trading. A trading system is based on a set of pure
rules. In hopes of helping new traders with this severe problem this document
tries to overpower that mighty 80% mental control that is usually useless and
force it to follow logical guidelines. Do not fight it. Get rid of the emotions.
Do not think. Do not feel. Just follow the rules. All you need to do is react to
the signals. Period.
demands that you follow your rules while trading. This is the only way you will
become a successful trader. Woodies CCI is a very simple system. The rules are
very simple. Don’t let your lack of mental control ruin your trading. Keep
focused on the system and you will do well. The guidelines tell you everything
you need to know. Just follow them directly and precisely.
If you don’t
follow strict rules in all aspects of your trading you will not make
money trading. I guarantee that. There is only one type of person that can make
a fantastic living trading an account without rules. This person is called
‘your broker’, the living he makes is called ‘your fees’ and the account
he uses and loses is called ‘yours’. Follow your rules precisely or walk
away from trading.
For semi-new to
experienced traders it is strongly suggested that when you see an obviously very
new person asking about the CCI that you do them a favor and don’t tell them
anything about your methods. Instead explain to them that it would be best for
them being new to follow Woodies CCI, only Woodies CCI and no one else’s but
Woodies CCI system. Help them, do not hinder them by giving them
information that they think is Woodies CCI system. They are new. They do not
understand that many people have many variations on Woodies CCI. Please help
them learn Woodies CCI first before they get confused. Send them to this
document to help get them started. It will help them understand Woodies CCI
system easier, have a better chance at being successful trading and will allow
Woodies CCI Club room to stay much more focused on the trading at hand during
market hours. It will benefit us all.
This document is
very strict. It does not beat around the bush. It does not suggest or hint at
what to do. It tells you exactly what to do. So follow it. Woodies CCI is very
simple. This document has many added explanations and constantly repeats
important information in hopes of providing you the knowledge and courage to
follow Woodies CCI only. Do not mix trading methods. As soon as you become
profitable at paper trading with this document then you can decide how you want
to trade. Until then just follow the guidelines.
When I first came to learn Woodies CCI system I
quickly became very confused. After reading so many documents and watching so
many people I couldn’t figure out what Woodies guidelines were apart from the
many other great traders here. I then become very frustrated. All I wanted to do
was trade Woodies CCI the way he
trades it since he is the expert. Instead I spent many longs months trying to
learn the guidelines to Woodies CCI system.
This document sets
out to define the guidelines of Woodies CCI. Follow them precisely and you will
become an excellent trader. All too often new people will not keep a trading
system simple and will not follow directions. They think it has to be
complicated to be good. This is completely wrong. Follow these guidelines only
and you will do very well at trading.
If you are new to
the room or still trying to figure out how to trade Woodies CCI then do not read
or follow anything else except for Woodie himself and this document. If you ask
someone a question be sure to preface it with “What Would Woodie Do…” This
will help keep you focused. Keep doing this until you are trading the guidelines
consistently and you have become profitable over a long period of time.
This document is broken into the following sections: