Woodies cci forex trading

Ken "Woodie" Wood has been selling his magic CCI trading indicator since before the millennium. He is lovable, doddering old indicator hustler. He claims to have a 40 year history of trading successfully. However, there is scant evidence that supports that Ken "Woodie" Wood has ever earned a profit trading any security, whatsoever. After many attempts, and requests to validate his personal trading, Woodie simply refuses to verify his own personal trading record.

However, Ken "Woodie" Wood is more than willing to allow us to spend ourselves into a financial oblivion with is mega menu of magic trading indicators.

Absolute waste of time.

What is Woodies CCI? Woodies CCI is a group of trading websites that specifically market different variations of one very simple trading indicator, the CCI or Commodity Channel Index. Because this was when personal computers became cheap and readily accessible to the average consumer. And of course, humans will naturally gravitate towards what they have naturally done since the dawn of time, attempt to GET RICH QUICKLY. These calculations of pricing data started off as simple moving averages, then became progressively more and more complex.

I am sure that many of you reading this are already aware very familiar with many of these common trading indicators. The sad and simple truth about us traders is that we can easily become obsessed with technical indicators.

There is no end point, the deeper we search, the stranger and more esoteric the journey becomes. The CCI indicator is quite simply nothing more than a child of those wacky years when technical analysis was in its infancy and everyone was attempting to cash in by creating and selling the latest and greatest math based, magic trading indicator. At that time, it was considered to be new, fresh, amazing, used intense mathematical calculations and somehow these fancy math calculations would be able to predict the future and unlock the riches of the financial markets.

A lot of people bought into the story, until computing power once again expanded and allowed others to test these math based trading theories. One of the first and most successful companies to offer this back testing software was Omega Research, now known as TradeStation. Bill and Ralph Cruz quickly realized that the industry was rotten to the core and decided to mass market their specialized software that debunked these wacky trading ideas. The software quickly became very popular.

Nearly every single technical indicator is quite simply a fantasy of the minds conjuring. Smoke and magic where we place a higher emphasis on when the indicator is correct, and a lower emphasis on when the indicator is not correct. We look away when our wife or girlfriend stares longingly at the younger more handsome man, but we stare intently and highly emphasize when she serves our favorite meatloaf casserole.

When the indicator is correct, the minds reward system greatly exaggerates the positive experience. But when the indicator is wrong, we look away, afraid to accept what we choose not to see. For a one time special price, we can easily purchase these magic trading indicators that unlock the riches of the universe. For just a small monthly fee, all of our financial problems are a thing of the past. I have written extensively about these indicators hustlers, in their many shapes and varieties.

Ok, so now I have finally gotten to the part about Woodies CCI. Why not just begin this review by simply talking about Woodie? Because you really need to understand the history of the CCI, and the swamp that this Woodie character crawled out of.

Selling the dream to a bunch of naive newbie traders since This flim flam man has been around, selling the trading dream since Pacman was popular.

Super Woodies CCI Trading System | Great Trading Systems

Woodies hustle is selling that old, tired, and thoroughly debunked CCI trading indicator with a lemony twist. Not the original CCI, but Woodies own special blend of magic CCI lemony twist bullshit. Why do I say worthless? Because the very moment that his strategies are programmed and tested, a person will quickly realize that his trading indicators simply do not pass beyond random output. In other words, its just more worthless dribble from yet another market fortune teller that has no scientific evidence to support his claims.

In my opinion, absolutely. For years I have watched this guy appeal to the newbie trader and frustrated trader alike, conveying to the audience that if this nice old guy can do it with his magic indicator, then so can you. Woodie loves to portray himself as this harmless, paternal, grandfatherly type guy, just a lovable guy looking to help traders be successful.

The inclusion of these visual markers are quite simply, nothing more a distraction from what is outrageously obvious. And the outrageously obvious is quite clear, there is nothing published that talks about Woodies own personal trading performance. Does he even have a funded trading account? Does he have any sort of verifiable track record?

Is there any proof that for the past 40 years this guy has ever made an annual profit? A lot of you are going to be pissed off at me for going after the lovable Woodie. He reminds us all of our beloved Grandpa. We all trusted and loved grandpa.

Trading Woodies CCI System by Jeff Gannon

He showed us the proper usage of sand paper, and how to tie a knot to a fishing hook, and how to say thank you and be a cordial person. Yep, I loved my grandpa just as much as you did. But for just a moment, lets gets tough on Grandpa. Lets trip him at the top of the stairs.

Lets hide his dentures for a day. Put his eyeglasses in the refrigerator. Let the dog run off with his hearing aid. Lets get tough on old Woody and try and figure if this trading grandpa has anything beneficial to offer to the trading community.

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We need individual trading woodies cci forex trading from Woody. For the past three months, using over a dozen aliases and multiple angles of inquiry, I have attempted to answer this simple and incredibly basic question…does Woody even trade? After being repeatedly ignored, Woodie will finally respond and direct any interested person towards one of two different trading products.

Any live trading in this room? What these newbies really need and want is to watch the master trade himself. And Woodie is more than alternative trading systems sec to oblige…for an additional fee.

To see Woodie put on live trades and pull profits out top 10 forex robots 2014 the market, using Woodies CCI indicators. This might sound like a great deal, however upon closer inspection, a person with a brain the size of a Spanish peanut can quickly ascertain that they are accepting all of the risk and Woody has zero risk.

Woodies cci trading on forex market - General - MQL5 programming forum

Woody flails away inside of his trading room, using only a simulator, trying to produce a winning day with various simulated trading symbols.

And we all know how limit orders can be manipulated. Does Woodie have a track record for his live trading room? Or a random picture on twitter that supposedly showcases how much money he is making.

The best you can offer is a random tweet every 3 months? Where is the spreadsheet of trades called inside of your trading signal service? You want the trading community to risk our hard earned money on your magic trading indicators and your carnival pricing plan, yet sterling euro exchange rates history even afford us the most basic dignity of disclosing a trading track record?

As I watched this Woodie character operate inside of the trading room, I simply could not believe that any sane minded person would fall for this doddering old huckster.

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A lot of readers are going to dislike that I really got after old Woodie. He is sort of a beloved trading character within the trading community. Technical indicators swing trading, anyone with the drive and focus can very easily program all of his magic CCI patterns.

Once you actually spend the time and hard work of coding and top 10 rap money makers, the truth becomes readily apparent. And the truth is that the CCI indicator, which serves as the basis of everything he is selling, is nothing more or less predictive than a random number generator. Once you do the hard word and run the tests, you feel betrayed by Woodie.

The perception of him changes considerably and we cnbc stock market quotes to ask a new series of questions.

I have also given Woodie more than enough opportunity to provide some sort of proof of his supposed, amazing trading abilities. However he simply refuses even the most minimal form of performance disclosure.

Well, Woodie I have been writing these reviews for over a year, and I have yet to find even a single person that I would outright trust.

Earn money by surveys without investment fact, without the presence of a verifiable track record and permanently displayed trading DOM, then the vendor is very likely just another indicator salesman, looking for the next sucker.

Its about time someone has faced you front and center, and directly challenged you. Forced you into a corner where you can put up, or shut up. Nothing would make me happier than to come back in 30 days and draft a new review. A review that reflects at least some portion of your, supposed 40 year trading career. But something tells me that this is not going to happen. Writing about Woodie gave me no joy whatsoever. In fact, I found the process to be painful. Because, in this world of never ending con games, chicanery, and petty hustles…we always like to somehow believe that the eldest among us are the most honorable and trustworthy.

That their age and collective wisdom somehow insulates them from greed and avarice, however I have not found this to be true. Which is pretty sad. Thats it for today, please leave your comments below. You want a real indicator fruadsta, look at Rob Booker: The problem with building upon such a base, or foundation, is that it is essentially flawed. In other words, most people will take Woodies indicators and then proceed to lose money because the indicators are random.

Its a frustration revelation. Especially when his trading indicators are tested on real data. Unfortunately, the majority of folks have a difficult time learning how to program and backtest. Org Review Team Warning Add Listing and Review Request Prop Trading Prop Trading Firms Menu Live Trading Rooms Stocks Trading Rooms Futures Trading Rooms Trading Software Trading Mentors Trading Systems Brokers Discount Futures Brokers Stock Brokers Live Forex Trading Rooms.

Woodies CCI Emmett Moore November 11, Live Forex Trading RoomsLive Futures Trading RoomsLive Stocks Trading RoomsTrading MentorsTrading SystemsWorst Live Trading RoomsWorst Trading Systems 34 Comments. Summary Ken "Woodie" Wood has been selling his magic CCI trading indicator since before the millennium. User Rating 0 0 votes. Comments Rating 0 0 reviews.

A large and friendly community of losing traders. Absolutely no proof that Ken "Woodie" Wood has ever earned a profit from his trading methods. Trading room is a complete joke with zero track record.

No free trial whatsoever. About The Author Emmett Moore. Photo and Image Files. Audio and Video Files. Notify of new replies to this comment. He even Woodies CCI as background to look into. When I asked him which broker and platform to try, he recommended PFGBest and Genesis Trade Navigator.

Did you have another review which you took down? The only thing that can make you money is price. And the problem with that for new traders is that it takes a long time to study and understand price.

CCI Woodies Forex Scalping Trading Strategy

That said, if you study the screen and price long enough you will get a feel for where price is going and then you can really trade. I was part of a forum where a so called pro trader did occasional webinar on an improved variation of Woodies CCI where he even drew trendlines on the cci which was at different settings than the orginal woodies settings.

He even recommended using Trade Navigator through PFGBest at the time. Now, I realized he must have been driving traffic to Woodie. I spent more than half a year on sim trying to get consistent with the setups to no avail. I think he began with good intentions.

Thanks for reaching out. Thank God you didnt take Woodies advice and open that account with PFG aka Peregrine Financial Group. This embezzlement stole the monies of 25, customers across the US. There are a few old pictures of Russell Wassendorf and Woodie floating around.

I would also like to see RWT reviewed. March 9, 48 Comments. August 27, Comments. May 27, 15 Comments.

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