The Double Cci Trading Method

[Guest sam6691]

THE DOUBLE CCI TRADING METHOD

 

I'm using my own CCI trading method using some of Woodie's "observations" to trade stocks and eventually options. I have collected some sophisticated nuances for each set-up and I do keep an eye on the price. I call a Head & Shoulders a Head & Shoulders , not a Ghost. Same goes for Shamu and Famir... there are run of the mill continuation patterns. :missy:

 

Anyone for "meows" or "batman" set-ups? :crap:

 

I never visited Woodie's trading forum. Have read most that has been written by Jeff, DrBob and others. From what I read, I have concluded the the old man has reached senility and has a Napoleonic complex along with a small and closed mind. The use of the double CCI does not produce a leading indicator ... just another tool like the 14-day stochastic.

 

By the way, the same set-ups that you get using the 6- and 14- day CCIs are EXACTLY the same as the ones produced by the 6- and 14- day exponential moving averages. If you doubt me, check it out in your charting system. :helloooo:

 

 

***** If anyone is interested in discussing the technicalities of trading with the dual CCI sytem, I'm game! I will frequently check this forum to see if anybody has come alive.

SAM6691

[Guest forsearch]

THE DOUBLE CCI TRADING METHOD

By the way, the same set-ups that you get using the 6- and 14- day CCIs are EXACTLY the same as the ones produced by the 6- and 14- day exponential moving averages. If you doubt me, check it out in your charting system. :helloooo:

 

EXACTLY?

 

Nope. Definitely not. I can state this objection definitively too.

 

Why?

 

CCI uses SMA not EMA in it's calculation. So the moves will never be EXACTLY the same. Even the "zeroline" crosses and rejects might be off too.

 

Not to mention that CCI relies upon the statistically useless "average deviation" instead of the statistically valid "standard deviation".

 

Seems it was easier to calculate by hand or handheld calculator when it was first developed back in the day (Lambert, 1980).

 

The fact that price may move 3 average deviations (CCI of 200) from the mean (SMA) is statistically useless.

 

In fact, I'd like anyone reading this to find some links on the 'net (Google 'em if you can) showing statistically valid uses for AVERAGE deviations.

 

Not info about STANDARD deviations - we've all been taught about its validity in so far as measurements of a standard distribution (remember the bell curve?)... but AVERAGE deviations.

 

Let's debunk this CCI myth once and for all.

 

-fs

[Bearbull 10]

THE DOUBLE CCI TRADING METHOD

 

I'm using my own CCI trading method using some of Woodie's "observations" to trade stocks and eventually options. I have collected some sophisticated nuances for each set-up and I do keep an eye on the price. I call a Head & Shoulders a Head & Shoulders , not a Ghost. Same goes for Shamu and Famir... there are run of the mill continuation patterns. :missy:

 

Anyone for "meows" or "batman" set-ups? :crap:

 

I never visited Woodie's trading forum. Have read most that has been written by Jeff, DrBob and others. From what I read, I have concluded the the old man has reached senility and has a Napoleonic complex along with a small and closed mind. The use of the double CCI does not produce a leading indicator ... just another tool like the 14-day stochastic.

 

By the way, the same set-ups that you get using the 6- and 14- day CCIs are EXACTLY the same as the ones produced by the 6- and 14- day exponential moving averages. If you doubt me, check it out in your charting system. :helloooo:

 

 

***** If anyone is interested in discussing the technicalities of trading with the dual CCI sytem, I'm game! I will frequently check this forum to see if anybody has come alive.

SAM6691

 

Perhaps you could illustrate with some charts with tradesetups.

Joel Pozen who claims to be an expert at Price/Vol, and undertakes tutoring

at enormous cost employs the 6 and 14CCI, he also has 2 moving averages which are employed to emulate 14CCI.

[Guest sam6691]

To:

 

ForSearch

BearBull

et al :helloooo:

 

Dear friends,

 

The word :haha:EXACTLY was used hyperbolically to attract attention to the revival of this Dual CCI Trading Method forum. Remember that I swing trade in stock indices sorogates in an IRA Rollover account of considerable size and would like to know what other traders think about it.

 

I don't trust any system by itself and rely on my overall knowledge of technical analysis and 20 years as a stockbroker in three major Wall Street brokerage firms. However, I have integrated the Dual CCI Method in my trading arsenal.

 

I'm leaving for the Riviera Maya (South of Cancun, Mexico) on Tuesday April 15 for a 10-day vacation. I recommend that you all use some of your trading profits and treat yourselves periodically to an exotic vacation... it's good for the nerves.

 

Upon my return I will post a few JPEGs, as requested by BearBull, of what I believe the screens for the Dual CCI Method should look like. Personally, I believe the value of this coincident Indicator (an Indicator cannot lead the function "price" from which it is derived) is no greater than the Stochastic, the RSI, the MACD, etc., and yes, some blokes are cashing in big time giving seminars on this newly discovered Holy Grail!...

 

Hasta la Vista!

SAM :crap:

[Guest forsearch]

Remember that I swing trade in stock indices sorogates in an IRA Rollover account of considerable size and would like to know what other traders think about it.

 

Remember?

 

How are we to remember something which you never posted in the first place?

 

Troll.... :rofl:

[Guest sam6691]

To fs:

"Remember" is being used as the imperative or command form of the verb to remember, appropriately...:crap:

Best regards,

SAM

[Guest forsearch]

Typical.

 

Enjoy yourself....

 

-fs

[Szymon 10]

I do not know what this member is up to, but be careful buying any trading system from anyone.

 

Here is something to think about before believing in any holy grail system.

 

Enjoy the following c***

 

http://www.stickam.com/sam6691 (Sam the Hypnotist)

 

And sams stock broking tips.

 

Regards

 

Simon

[Guest forsearch]

Thanks Szymon.

 

I knew there was something odd about this guy and his first post here at TL.

 

 

 

Just another vendor for sure.

 

-fs

Edited April 16, 2008 by forsearch

[Szymon 10]

The power of the internet......

[Guest sam6691]

Attention to ALL! :helloooo:

 

I'm not that Hindu guy with the same UserId as mine. I'm an American retired stockbroker and grandfather of four born and living in Connecticut. Like SZYMON, :crap: it's easy to jump to the wrong conclusions... a very bad trait to have if one wants to trade successfully in the financial markets. But the weather is beautiful here in Mexico and I'm having such a good time with my family and friends that I do not even feel annoyed with SZYMON's idiotic remarks.

 

LET'S STICK TO THE THEME OF THIS THREAD `` THE CCI TRADING METHOD" and leave assinine, nerdy remarks out of it... otherwise you will not see another post out of me (and that's a promise!). At my age I don't have either time or patience for idiocy!

 

SAM

[Guest forsearch]

:haha:

 

...you will not see another post out of me (and that's a promise!). At my age I don't have either time or patience for idiocy!

 

SAM

 

Alrighty then....

 

P.S. Shouldn't you be on vacation by now?

 

I'm leaving for the Riviera Maya (South of Cancun, Mexico) on Tuesday April 15 for a 10-day vacation...

 

:o

 

-fs

[Szymon 10]

Go Jump I Have Nothing Else To Say.

[BlowFish 10]

Personally I am never far from a laptop, vacation or not. I do vacation pretty hard though.

 

To be honest the guy hasn't tried to sell anything (yet) so should be allowed, even encouraged to speak. <shrug> I'm sure the plug will be pulled if (when) there is a pitch.

 

btw forsearch are you implying that there is something odd because of how the guy looks? I really can't see what you are getting at or why you posted that guys picture unless there's some sort of racist thing going on. Thin ice ahead in that direction my friend.

[Szymon 10]

Sam my apologies for my idiotic :crap::crap::crap::crap: remarks.

 

When you’re finished with your vacation and have some spare time in your retired life, please show us your Double CCI trading strategy.

 

Why start a thread and then go for a holiday, unless you are using psychology to wet our appetites. It just doesn’t make sense.

 

I have joined your forum for a chess game to make up, please accept my challenge name is SzymonTL.

 

Simon

[Guest forsearch]

btw forsearch are you implying that there is something odd because of how the guy looks? I really can't see what you are getting at or why you posted that guys picture unless there's some sort of racist thing going on. Thin ice ahead in that direction my friend.

 

Given the political correctness that pervades this site, who knows what I really mean....

 

Lotsa thin skins on these forums these days :crap:

 

-fs

[brownsfan019 17]

Given the political correctness that pervades this site, who knows what I really mean....

 

Lotsa thin skins on these forums these days :crap:

 

-fs

 

...and a lot of inconsiderate people as well.

 

different forums have different attitudes and camaraderie fs. If TL is not for you, you'll love elitetrader.

 

[Guest forsearch]

...and a lot of inconsiderate people as well.

 

different forums have different attitudes and camaraderie fs. If TL is not for you, you'll love elitetrader.

 

 

You only wish :o

[trader273 10]

Maybe you guys should give this guy a break. Maybe it just me, but I always give the benefit of the doubt to the people that type in giant fonts, that are bolded and italicized.

When it comes to posting I dont believe that less is more, i believe more is more. Different colors, fonts so big so I can read it from across the room. Thats a sign of quality poster.:thumbs up:

 

Oh no, I just realized I did no formatting, maybe I'll modify later when I can devote some time to it!