That CCI..on your charts Lava looks like/similar to the SuperwoddiesCCI
Hi John M,
It is a Double Woodies. I will look out for the version with the lsma in green/red for more accutrate trading against the trend.
I decided to go to sleep last night as the Woodies is so good I can tell when they whipsaw, form trend etc. It gives exact entry and exit points.
The verion on Tradestastion and ESignal are complete, but it can be used just as effectively on MT4.
On Demo I can make 1000 a day in real nothing so far as they whipsaw me. But I am going to try a different approach soon. I will let you know how this works.
I was using CCI until I discovered the double cci. I find the double cci so accurate. You will see bounces, trend, and as above clear entry and exits. Some pit traders use this method.
The Heiken Ashi removes the noise from the markets so I can clearly see direction and use with the Woodies I think is a fantasic tool.
For example Woodies picked out the recent reversal in Geppy that I did not with normal cci also in Cable. Two nights ago I spotted the uptrend in the Loonie etc. It works but read the pdf articles to become proficient.
They gave me hell on Geppy when I used it on there. It is because it is accurate that they try and work against you. The rest is intuition as John G would put it and of course experience.
One more interesting note about Woodies CCI. Is that the most successful signal in Forex is the ZLR. There is a trader on the Woodies forum who trades this through an automated system.
Noticing whipsaws in Cable today aswell at these low levels.
Not a day for trading. Just loose all the way down. Don't forget taht the still have the bottom of the Ichimoku cloud to fall back on for those looking to go long- that would be a whipsaw of 100 pips or so.
Take care if you do trade- but I think bettter not trade at all. Keep your money in the account.
One more interesting note about Woodies CCI. Is that the most successful signal in Forex is the ZLR. There is a trader on the Woodies forum who trades this through an automated system.
This is interesting. So far I have not heard of anybody having an EA in MT4 platform for this.
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