Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Guest sam6691

The Double Cci Trading Method

Recommended Posts

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

Share this post


Link to post
Share on other sites
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? :confused:

 

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

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
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:

Share this post


Link to post
Share on other sites
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:

Share this post


Link to post
Share on other sites
Guest sam6691

To fs:

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

Best regards,

SAM

Share this post


Link to post
Share on other sites
Guest forsearch

Typical.

 

Enjoy yourself....

 

-fs

Share this post


Link to post
Share on other sites

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

GOJUMP.thumb.jpg.350b208fe79fa040d02b55683ba75c12.jpg

GOJUMP2.thumb.jpg.b27d015938166abf46fb45a87c944716.jpg

GOJUMP3.jpg.901d83ce9a19b54ede92574f046829e1.jpg

Share this post


Link to post
Share on other sites
Guest forsearch

Thanks Szymon.

 

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

 

644baf2b-e415-11dc-9a84-fdeac948655b.jpg

 

 

Just another vendor for sure.

 

-fs

Edited by forsearch

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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 :cool: name is SzymonTL.

 

Simon

Share this post


Link to post
Share on other sites
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....

:roll eyes:

 

Lotsa thin skins on these forums these days :crap:

 

-fs

Share this post


Link to post
Share on other sites
Given the political correctness that pervades this site, who knows what I really mean....

:roll eyes:

 

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.

 

;)

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites

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!

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Similar Content

    • By ridhuanuzz
      Here are some trading courses that I know they have experienced trader as a teacher:
      - Stock Trading & Investing for Beginners by Udemy
      - Consistent Profits from Stocks With AI Assistance In Just 10 Minutes a Day! by Snap Academy
      - Trend Following For Stocks by Decodingmarkets
       
      Give me advice which one is the best to join?
    • By sergio
      Hi,
      We are doing a university job where we must investigate how banks manage their financial products that require trading, for example, they offer a fund, as they manage capital internally. Could you help me?
      Thank you!
    • By millonmethod
      Hello everyone!
      I am an advanced trader, with many years of experience (about 15 years - 10 living exclusively from this)
      I am going to give you some tips that you must know:
      There are going to be many people who tell you that trade is easy, that with only crossiing a line  with another one you will win a lot of money.... and that´s not true.  No, Sir, reality is far away from that. Many people who start arrive here with the hope that someone "gives them" a free method, they watch youtube videos thinking that this will give them the "strategy" and in a few days they realize that it does not work for them - they lose money - and then They go looking for a new one ... and so on. YES, IT´S TRUE YOU EARN IN TRADING, A LOT. BUT THINK: for a few to win (10% + any BROKER) many others must lose (90% people). YOU MUST HAVE A MONEY MANAGMENT FORMULA ( you can email me) People study so many years to live on this, not because they are dumb, but to know what they do, when, and have absolute effectiveness. It´s very easy to get lost here: do not disperse, jumping from one to another strategy WILL NEVER give you money, it will only waste your time and make you nervous when trading. PEOPLE WHO CHANGE THEIR METHOD CONSTANTLY : LOOOOSE ALWAYS.   If you have the knowledge to develop it, take your time and do it.  Always try it first on DEMO for at least 2 weeks! If not: search to buy a solid strategy (no you tube videos pleassse ! Avoid losing money! ) This is like any business, it requires some capital to start (capital = money in the broker + solid made /purchased strategy) If you are lost: I RECOMMEND YOU NOT TO WASTE TIME IN YOUTUBE, JOIN PEOPLE WHO HAVE EXPERIENCE AND IF YOU ARE GOING TO BUY A METHOD ... PLEASE !!!! DO NOT BUY 10 BAD AND CHEAP METHODS, SAVE MONEY AND BUY ONLY 1 BUT EXCLUSIVE AND MUST ALLWAYS HAVE SUPPORT !!!!!  Do not buy Signals! They never keep up with constant profits! One week will win and the next will lose. Nothing that does not depend absolutely on you will give you the money you are looking for. And if you do not have a strategy (made or purchased) do not even try PLEASE PLEASE PLEASE: DO NOT USE REAL MONEY! AT LEAST 2 WEEK DEMO FREE HELP HERE!!!!!  IF YOU FOLLOW MY ADVICE YOU WILL BE PART OF THAT 10% WINNER, email me.
      Have a nice trading day
       
       
    • By Georgebro8
      So I've been 18 for about 4 months, since I turned 18 I started up an account, and basically thought I was doing amazing because of beginners luck, put in some of my savings and managed to do well, some days I would make £200, one day I even made £900, after time I lost my profits and made a loss as well. I've realised I need to spend the time analysing the market and making technical judgments. I'm trying to read more and spend a lot of my time looking at the charts. is there any advice people can give me. and is making 5% a week a realistic goal to set myself? before anyone assumes that im looking for a get rich quick scheme, im certainly not, I see every loss ive made as a lesson and ensure that I learn from each mistake I make. 
      any advice about indicators, strategies, how to analyse the market, or even analysing earning reports would help me.
  • Topics

  • Posts

    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • Hello citizens of the U.S. The hundred year trade war has leaked over into a trading war. Your equity holdings are under attack by huge sovereign funds shorting relentlessly... running basically the opposite of  PPT operations.  As an American you are blessed to be totally responsible for your own assets - the govt won’t and can’t take care of you, your lame ass whuss ‘retail’ fund managers go catatonic  and can't / won’t help you, etc etc.... If you’re going to hold your positions, it’s on you to hedge your holdings.   Don’t blame Trump, don’t blame the system, don’t even blame the ‘enemies’ - ie don’t blame period.  Just occupy the freedom and responsibility you have and act.  The only mistake ‘Trump’ made so far was not to warn you more explicitly and remind you of your options to hedge weeks ago.   FWIW when Trump got elected... I also failed to explicitly remind you... just sayin’
    • Date: 7th April 2025.   Asian Markets Plunge as US-China Trade War Escalates; Wall Street Futures Signal Further Turmoil.   Global financial markets extended last week’s massive sell-off as tensions between the US and its major trading partners deepened, rattling investors and prompting sharp declines across equities, commodities, and currencies. The fallout from President Trump’s sweeping new tariff measures continued to spread, raising fears of a full-blown trade war and economic recession.   Asian stock markets plunged on Monday, extending a global market rout fueled by rising tensions between the US and China. The latest wave of aggressive tariffs and retaliatory measures has unnerved investors worldwide, triggering sharp sell-offs across the Asia-Pacific region.   Asian equities led the global rout on Monday, with dramatic losses seen across the region. Japan’s Nikkei 225 index tumbled more than 8% shortly after the open, while the broader Topix fell over 6.5%, recovering only slightly from steeper losses. In mainland China, the Shanghai Composite sank 6.7%, and the blue-chip CSI300 dropped 7.5% as markets reopened following a public holiday. Hong Kong’s Hang Seng Index opened more than 9% lower, reflecting deep concerns about escalating trade tensions.           South Korea’s Kospi dropped 4.8%, triggering a circuit breaker designed to curb panic selling. Taiwan’s Taiex index collapsed by nearly 10%, with major tech exporters like TSMC and Foxconn hitting circuit breaker limits after each fell close to 10%. Meanwhile, Australia’s ASX 200 shed as much as 6.3%, and New Zealand’s NZX 50 lost over 3.5%.   Despite the escalation, Beijing has adopted a measured tone. Chinese officials urged investors not to panic and assured markets that the country has the tools to mitigate economic shocks. At the same time, they left the door open for renewed trade talks, though no specific timeline has been set.   US Stock Futures Plunge Ahead of Monday Open   US stock futures pointed to another brutal day on Wall Street. Futures tied to the S&P 500 dropped over 3%, Nasdaq futures sank 4%, and Dow Jones futures lost 2.5%—equivalent to nearly 1,000 points. The Nasdaq Composite officially entered a bear market on Friday, down more than 20% from its recent highs, while the S&P 500 is nearing bear territory. The Dow closed last week in correction. Oil prices followed suit, with WTI crude dropping over 4% to $59.49 per barrel—its lowest since April 2021.   Wall Street closed last week in disarray, erasing more than $5 trillion in value amid fears of an all-out trade war. The Nasdaq Composite officially entered a bear market on Friday, sinking more than 20% from its recent peak. The S&P 500 is approaching bear territory, and the Dow Jones Industrial Average has slipped firmly into correction territory.   German Banks Hit Hard Amid Escalating Trade Tensions   German banking stocks were among the worst hit in Europe. Shares of Commerzbank and Deutsche Bank plunged between 9.5% and 10.3% during early Frankfurt trading, compounding Friday’s steep losses. Fears over a global trade war and looming recession are severely impacting the financial sector, particularly export-driven economies like Germany.   Eurozone Growth at Risk   Eurozone officials are bracing for economic fallout, with Greek central bank governor Yannis Stournaras warning that Trump’s tariff policy could reduce eurozone GDP by up to 1%. The EU is preparing retaliatory tariffs on $28 billion worth of American goods—ranging from steel and aluminium to consumer products like dental floss and luxury jewellery.   Starting Wednesday, the US is expected to impose 25% tariffs on key EU exports, with Brussels ready to respond with its own 20% levies on nearly all remaining American imports.   UK Faces £22 Billion Economic Blow   In the UK, fresh research from KPMG revealed that the British economy could shrink by £21.6 billion by 2027 due to US-imposed tariffs. The analysis points to a 0.8% dip in economic output over the next two years, undermining Chancellor Rachel Reeves’ growth agenda. The report also warned of additional fiscal pressure that may lead to future tax increases and public spending cuts.   Wall Street Braces for Recession   Goldman Sachs revised its US recession probability to 45% within the next year, citing tighter financial conditions and rising policy uncertainty. This marks a sharp jump from the 35% risk estimated just last month—and more than double January’s 20% projection. J.P. Morgan issued a bleaker outlook, now forecasting a 60% chance of recession both in the US and globally.   Global Leaders Respond as Trade Tensions Deepen   The dramatic market sell-off was triggered by China’s sweeping retaliation to a new round of US tariffs, which included a 34% levy on all American imports. Beijing’s state-run People’s Daily released a defiant statement, asserting that China has the tools and resilience to withstand economic pressure from Washington. ‘We’ve built up experience after years of trade conflict and are prepared with a full arsenal of countermeasures,’ it stated.   Around the world, policymakers are responding to the growing threat of a trade-led economic slowdown. Japanese Prime Minister Shigeru Ishiba announced plans to appeal directly to Washington and push for tariff relief, following the US administration’s decision to impose a blanket 24% tariff on Japanese imports. He aims to visit the US soon to present Japan’s case as a fair trade partner.   In Taiwan, President Lai Ching-te said his administration would work closely with Washington to remove trade barriers and increase purchases of American goods in an effort to reduce the bilateral trade deficit. The island's defence ministry has also submitted a new list of US military procurements to highlight its strategic partnership.   Economists and strategists are warning of deeper economic consequences. Ronald Temple, chief market strategist at Lazard, said the scale and speed of these tariffs could result in far more severe damage than previously anticipated. ‘This isn’t just a bilateral conflict anymore — more countries are likely to respond in the coming weeks,’ he noted.   Analysts at Barclays cautioned that smaller Asian economies, such as Singapore and South Korea, may face challenges in negotiating with Washington and are already adjusting their economic growth forecasts downward in response to the unfolding trade crisis.           Oil Prices Sink on Demand Concerns   Crude oil continued its sharp slide on Monday, driven by recession fears and weakened global demand. Brent fell 3.9% to $63.04 a barrel, while WTI plunged over 4% to $59.49—both benchmarks marking weekly losses exceeding 10%. Analysts say inflationary pressures and slowing economic activity may drag demand down, even though energy imports were excluded from the latest round of tariffs.   Vandana Hari of Vanda Insights noted, ‘The market is struggling to find a bottom. Until there’s a clear signal from Trump that calms recession fears, crude prices will remain under pressure.’   OPEC+ Adds Further Pressure with Output Hike   Bearish sentiment intensified after OPEC+ announced it would boost production by 411,000 barrels per day in May, far surpassing the expected 135,000 bpd. The alliance called on overproducing nations to submit compensation plans by April 15. Analysts fear this surprise move could undo years of supply discipline and weigh further on already fragile oil markets.   Global political risks also flared over the weekend. Iran rejected US proposals for direct nuclear negotiations and warned of potential military action. Meanwhile, Russia claimed fresh territorial gains in Ukraine’s Sumy region and ramped up attacks on surrounding areas—further darkening the outlook for markets.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • AMZN Amazon stock watch, good buying (+313%) toi hold onto the 173.32 support area at https://stockconsultant.com/?AMZN
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.