Menu

Nifty woodies cci trading system

4 Comments

nifty woodies cci trading system

Trading Woodies CCI System by Jeff. There are currently 8 patterns in Woodies CCI. Woodie has defined all of them. Do not follow any other methods, patterns or systems. They will add another level of nifty and will only serve to confuse you while you are learning this system. Do not rename any of the patterns. You could go ask the traders that tried this but they are no longer trading. Just stick to the system as Woodie has defined it. Woodie is researching and testing new patterns all the time. He will let us know when he finds another great new pattern. Woodies CCI Patterns can be used on any time frames. It can even be used very successfully on daily charts and larger time frames as well. Note that Woodie uses a CCI 20 period on charts with daily time frames and larger. He does not use the TCCI at all on the daily or larger time frame charts. You want to take CCI patterns that are robust, full-bodied, and clear. Not ones that are constricted, tightly wrapped around the zero-line, condensed or strange looking. There are far too many trades to take during the day for you to force a bad trade. Re-read this again and again. This is one of the parts of Woodies CCI system that keeps you from over trading. You do not need to think about overtrading. Just follow the guidelines and it will be taken care of automatically. The Woodie CCI Patterns that we use to trade are as follows and are not necessarily listed in order or winning percentages. A zero-line reject ZLR pattern is a CCI bounce off of or near the zero-line ZL. The entry would be the first bar that rejects or flips up away from the zero-line. The market psychology behind Woodies CCI ZLR pattern is that it shows traders when to buy the dips and sell the pullbacks. No other indicator in the trading world can do that except for the CCI. You can combine the ZLR pattern along with a trend line break TLB pattern to add strength to the signal for a greater probability of success. If using the ZLR along with the TLB then you would wait for the CCI to cross the TLB pattern to enter. You will learn more about the trend line break TLB pattern later in this document. The ZLR trade is a trend trade. New traders of Woodies CCI should be taking this type of trade. In fact this could be the only Woodies CCI pattern trade you take during your entire trading career and still create excellent profits for yourself. The yellow lines show the ZLR patterns. The single white lines show where the entry would be and the double white lines show where the exit would be Zero-line Reject ZLR long TREND TRADE. Notice that chart 1 above shows two ZLR long trades. We enter a ZLR when the CCI line first starts to reject the ZL or we can say the first bar that flips away from the ZL. In chart 1 above we exit the first ZLR on a CCI hook and the second ZLR we exit on a TCCI cross into CCI. Zero-line Reject ZLR long TREND TRADE. In chart 2 above we exit on a CCI hook. In chart 3 above we exit on a TCCI cross into CCI. Notice that on chart 3 above the CCI hooks at the same time the TCCI hooks which gives us two exits signals at the same time. The yellow lines show the zero-line reject patterns. The single white lines show the entry for this type of trade and the double white lines are the exit signals. The exit signals are the same as in any other trade. Go review the section on how to enter and exit trades. It is very important to remember that when you take one of these trades it does not mean you are supposed to stay in it forever. The exit on this trade was a CCI hook. Zero-line Reject ZLR short. In chart 2 above we also see a ZLR close to the ZL. There are two exits on this chart. One is a TCCI cross of CCI and the second exit is a CCI hook. We take the exits as they come and it works out very well. In chart 3 above we see two ZLR trades. The first ZLR exit is a CCI hook. Notice that the second ZLR is a bounce off the zero-line from the opposite side. A shamu pattern is when the CCI passes through the zero-line ZLflips back around and comes through the ZL again, and then once again turns around and crosses through the zero-line to continue its original direction. Notice that the shamu trade pattern is a failed zero-line reject pattern. Originally it was a ZLR pattern. But the ZLR turned around and failed so we had to system. This is why you do not wait around and hope a trade is going to correct itself and go back your way. If you were in all of these trades as the initial ZLR trading and it turned on you but you did not exit then you would be racking up potentially large losses. You must exit based on the guidelines Woodie has created. That is the defined system. You have no choice. The shamu trade is a counter-trend trade and was developed as a type of stop-and-reverse SAR trade to the failed ZLR. New students of Woodies CCI should not be taking this type of trade. However, keep your eye on it and learn as you progress. The yellow lines show the CCI pattern. The single white lines show where the entry would be and the double white lines show where the exit would be. A Shamu Trade failure pattern is not shown. It does happen and all you do is exit based on the rules defined by Woodies CCI. On all 3 charts there are two possible entry points shown as single white lines. It depends on if you always add confirmation signals to your trades. However, most people would enter the trade on the first white line. If however the shamu pattern is a perfect one and is evenly split across the zero-line then the entry could be the zero-line cross ZLC. Always follow Woodies CCI exit signals. Shamu Trade long pattern Counter-trend trade Shamu Trade long pattern Counter-trend trade. The first set of double lines is when the TCCI is crossing into the CCI. You would exit your first contract at that point. We see that the second exit signal is the second set of double white lines showing the HFE exit signal. Not every pattern can be perfect. It's still a valid shamu trade. A Trend Line Break pattern uses two or more decent sized bumps, using CCI or TCCI, to lay the trend line across them. Then when the CCI crosses or breaks that trend line tl that is the signal to enter the trade. Also, the more bumps you lay it across the nifty valid that trend line is. Using only two bumps is normal and creates a perfectly valid TLB. You can also mix the use of CCI and TCCI bumps for each trend line. This pattern is also used as one of the exit signals and as a CCI confirmation signal too. It comes in quite handy and is widely used in Woodies CCI system. The TLB trade can be both a woodies and a counter-trend trade. New students of Woodies Nifty should be taking this type of trade if it is a TLB with the trend. Do not take this trade against the trend. You can combine the zero-line reject ZLR pattern and the reverse divergence rev diver pattern along with a TLB pattern to add strength to the signal for a greater probability of success. When combining these together you would still enter on the break of the trend line, as it will occur last. This provides a greater chance that the trade will be trading. You do not have to use this method and you may get more profit on the TLB trade if you get in well before this point. Pick a method and stick with it. You will very often find the TLB and ZLR show up together. Sometimes the rev diver pattern will show up with them as well. You should start to notice that CCI patterns all come one after another and also form together to make stronger signals. Do not let this confuse you. You only need one CCI pattern to take a trade. However if you combine more than one nifty it adds to system probability of success for that trade. Note that all 3 charts show the Trend Line Break pattern with the trend. No TLB counter-trends are shown. In the 1st chart we can see how the TCCI was used to draw the Trend Line Break trade. This is valid and works well. One is where the TCCI crossed into the CCI. The second exit is when the CCI hooks. The Vegas Trade Pattern is a combination of several things. First it needs the hook from extreme HFE CCI pattern and then a set of CCI bars shaped into a partial circular or rounding pattern following that. These rounding bars must be at least 3 bars minimum and can occur toward the zero-line or against it. In other words the rounding can be in any direction regardless of what side of the zero-line ZL the entire pattern is being formed on. However, the entire VT pattern must form on the same side of the zero-line. The rounding is very important to the overall pattern and indicates a struggle that may well lead to a strong trend reversal. That last part of the pattern is the trend line drawn straight across from the recent swing high or low. The Vegas Trade pattern indicates a potential for a very strong change in the trend. Also, Woodie strongly recommends the use of the lsma indicator as an additional criterion for VT entry. When the lsma indicator shows that price is on the side of the direction of the VT entry then there is a greater likelihood that the trade will be successful. LSMA stands for Least Squares Moving Average and can also be found in some charting packages as Linear Regression Curve. In other words, if the VT is setting up for a long entry then you want price to be above the lsma indicator and, if possible, you also want the lsma to be pointing in the upward direction as well. If a VT short is setting up then you want the price to be below the lsma and, if possible, you want the lsma to be pointing downward. Since we do not use prices to trade Woodies CCI system it is recommended that you do not view prices just to trading a lsma indicator. Rather, use a lsma indicator placed in the CCI region that displays colors showing these four conditions. The VT Trade is a counter-trend trade. Neither the swing high after the HFE nor the swing low after that shows very good rounding. However, be careful as it could likely fail as a result of that. It may be best to stay away from this trade since it does not have the good rounding expected. Chart 2 shows rounding on the swing low and the swing high. The entry signal is still the break of the swing low since it is above the zero-line. Notice that the entire pattern is more than 12 bars so the probability for success is far less. Chart 3 shows very nice rounding after the HFE pattern. It also shows an interesting sharp flip of the CCI bar downward that happens next and breaks the swing low. Since it broke the recent swing low, in this case, it gives us our CCI entry signal to take the trade. Remember that you will want to only take trades where the lsma indicator shows that prices are on the side of the trade and, if possible, the lsma indicator also is pointing toward the direction of the trade. The lsma indicator is not shown in these charts. If it were shown you would see it located on the zero-line in the CCI section using a multi-color indicator to display it. The Ghost Trade pattern has 3 bumps in it. It has an arm, a head and then another arm in its pattern. The bumps used to spot this pattern can be made from the CCI or the TCCI. However, most people use CCI bumps for this pattern. It is preferable that the head is larger then the arms. To determine the entry point for the Ghost trade you draw a trend line across the underside of the Ghost across its neckline. You can gauge the expected CCI movement for the Ghost Trade by measuring the distance from the top of the head to the neckline. The expected movement would then be a movement of that same distance from the neckline in the opposite direction to that of the head. You do not need to bother calculating the potential CCI move from the neckline as you will be exiting the trade as soon as the CCI gives you an exit signal anyways. All you need to do is follow cci exit signals as defined in Woodies CCI. Notice that when you draw the neckline trend line on the Ghost pattern you combine a trend line break TLB pattern along with the Ghost pattern which adds strength to the signal for a greater probability of success. Sometimes the neckline will slant toward the zero-line. These are the preferred Ghost patterns over the ones in which the neckline slants away from the zero-line. However, both are fine to take. The Ghost Trade is a counter-trend trade. Notice how all the necklines slant different ways. Some slant toward the zero-line and some away from it. Just enter the trade once it breaks the neckline, which is otherwise known as the TLB CCI pattern as well. This is yet another example of how the CCI patterns can and quite often do run together. Be aware that the majority of the drawn Ghost pattern must be on the same side of the CCI zero-line. Sometimes a bit of it does form on the opposite side. This is perfectly fine if it is only a very small portion. Chart 3 shows a Ghost pattern that had a double head. Not all CCI patterns can be perfect. The Reverse Divergence Rev Diver pattern is very simple. Do not let if confuse you. However, many people find it hard to understand and even harder to spot. This shows us two things. One, the documents and explanations are too hard to understand and just possibly confuse the matter. This pattern was named using words that remind you of things you have tried to learn before. Maybe that is the reason why people find it so hard to spot. Forget the name and do not let it conjure up your past knowledge. None of that will help you and is absolutely not needed any longer. So forget everything you think you know about it. Do not question the pattern or why it works at this stage. You do not need prices to trade the Rev Diver pattern. You do not need to verify that it is a true reverse divergence pattern against price before you enter the pattern. We do not use prices to trade Woodies CCI system. Woodie has done many years of research and live trials on this pattern. This is why we as cci do not have to verify it against prices. We just react and take the trade. Besides, lets say it turns out not to be a true rev diver pattern when compared to price bars. The CCI will warn us anyways by showing us one of the Woodies CCI exit signals. Reverse divergence CCI pattern is a trend continuation pattern. We spot it by looking for two inside bumps moving closer to the zero-line. By the word bumps we mean the CCI movements up and down. Some call these peaks and valleys. We say inside bumps to represent the bumps that are within the histogram or in other words bumps that are closer to the zero-line. We never use outside bumps to spot Rev Diver patterns. The following two rules are all you need to spot the Rev Diver pattern: The Reverse Divergence Trade is a trend trade. New students of Woodies CCI should be taking this type of trade. You can combine the Rev Diver trade with a zero-line reject ZLR trade or the trend line break TLB trade to add strength to the signal for a greater probability of success. You most always have a ZLR pattern along with a Rev Diver pattern. The inside bumps actually represents the CCI ZLR pattern. Look at the charts closely and you will see both of them on each chart. The two short yellow lines show the Reverse Divergence Trade pattern. The longer yellow line shows the Trend Line Break pattern that usually accompanies this trade. Each chart shows a short yellow line where each inside bump can be see within the pattern. Notice that the inside bumps are closer to the zero-line as they move across the chart. Two of the inside bumps shown actually go over the zero-line. In chart 2 you can see one inside bump goes over the zero-line a little bit. Technically this turned into an outside bump since it went down below the zero-line. It is still a rev diver pattern but you may want to avoid ones that do this. You could instead take this as a ZLR trade on the first bar that flipped up since it only went down to — Again, all of these patterns melt together in some fashion all the time. You will be fine. Just keep on reading. It is interesting enough to note that the trade was really strong and went quite far upward anyways. In fact, you could just ignore the rev diver pattern on chart 3 and take it as a simple TLB trade. I hope you are seeing by now that all of Woodies CCI patterns mix together or come one right after the next. Notice that there is a zero-line reject ZLR pattern just before each of these rev diver entries on all 3 charts. This is not a coincidence. Lots of CCI patterns run together. Some will add to the potential for success and some will signal you to exit immediately because they are setting up a CCI trade signal against your current position. All 3 charts are showing the trend line break TLB pattern drawn as well. Most people use a rev diver pattern along with a TLB pattern as a signal for more confirmation woodies enter the trade. This entry by itself would be a rev diver trade with the added confirmation of a TLB. Chart 1 shows two exits using the double white lines. Again, the first contract or set of system would be exited at the first set of double lines. Chart 3 shows a lower inside bump that actually goes onto the other side of the zero-line. This is a nuance and does happen. This one goes a bit further so it could be taken with caution. This trade is a very difficult trade. The HFE pattern is used as one of the Woodies CCI exit signals as well. A HFE trade can happen very fast. As soon as you see it hook back toward the zero-line you enter. Make sure you have your hard stop-loss orders in as soon as you get filled on entry, as this trade can get away from you very quick. As soon as you see a signal to exit then you exit immediately. You will get stopped out of this trade often and this can happen even without seeing a CCI exit signal. However it can provide you with much larger profits than losses. You must use hard stop-loss orders when trading Woodies CCI or any other system for that matter. The hook from extreme trade is a counter-trend trade. Again, when new you are not to take this trade. There are a great many experienced traders that do not take this trade either. The yellow hooking lines show the CCI pattern. The long yellow lines show the TLB pattern that also exists on these charts. There is no real defined trend line since we do not have any nice bumps to draw it on. Chart 2 shows the entry after the break of the trend line and two exit points. The first exit is when the tcci hooks through the CCI. The second exit is also a tcci hook into the cci and the cci is starting to hook at the same time as well. Charts 2 and 3 are showing the TLB added to the HFE trade. That provides a greater probability of success. The entry would be when the CCI line breaks the TLB pattern. The horizontal trend line break HTLB trade is when a trend line is drawn horizontally across a series of bumps that are lined up woodies a nice straight row. You can use a mix of both CCI and TCCI bumps to draw the htl but most often you will see the CCI used in these patterns. You can draw the trend line across these bumps regardless of whether they are inside cci outside bumps as well as on either side of the zero-line. Of course since it is a horizontal trend line all the bumps will be on the same side of the zero-line. However, you must have at least 2 bumps and this is fine. When broken through it can lead to a strong movement and a great trade. You will usually see a HTLB pattern cci a choppy market. The HTLB trades can make for some of the very best trades during that choppy market. The HTLB trade can be both a trend and a counter-trend trade. New students of Woodies CCI should be taking this type of trade if it is a HTLB trade with the trend. Note that the charts are 5 min charts. Woodie says that you can have a good HTLB pattern on the 3 min chart but that the HTLB pattern on woodies 5 min charts are even stronger in terms of probability for success. Rather the snapshot was used to show a long term HTLB forming. This led to a very powerful move but is not shown on the chart. Charts 1 and Chart2 show HTLB patterns that are counter-trend trades. If you are new to Woodies CCI you should not take these two trades since they are counter-trend trades. Chart 3 shows a HTLB trade with the trend. The entry is when the CCI line breaks through the long horizontal trend line. If you are new to Woodies CCI then you should take this type of trade. God is good all the time Algeria Andorra Angola Anguilla Argentina Armenia Aruba Austria Australia Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Bermuda Bolivia Bosnia. Herzegovina Botswana Trading Brunei. Faso Cambodia Canada Cayman. Islands Chile China Colombia Costa. Hrvatska Cypru s Democratic. Salvador Estonia Egypt Equatorial. Islanda Fiji Finland France French. Polynesia Gabon Gambia Germany Ghana Gibralta Greece Grenada Guadeloupe Guatelma Guyana Honduras Hong. Guinea Paraguay Peru Philippines Poland Portugal Puerto. Tobago Togo Tunisia Turkey Turks. Islands Tuvalu Uganda Ukraine Uruguay United. States Uruguay Uzbekistan Vanuatu Venezuela Vietnam Virgin. The single white lines show where the entry would be and the double white lines show where the exit would be Zero-line Reject ZLR long TREND TRADE Notice that chart 1 above shows two ZLR long trades. Zero-line Reject ZLR long TREND TRADE In chart 2 above we exit on a CCI hook. Zero-line Reject ZLR long TREND TRADE In chart 3 above we exit on a TCCI cross into CCI. Woodies Top 8 Setups. Trend Line Break TLB. Reverse Divergence rev diver. Hook from Extremes HFE. Horizontal Trend Line Break HTLB. Zero-line Reject ZLR long TREND TRADE Notice that chart 1 above shows two ZLR long trades. In chart 1 above we see that the ZLR was close to the ZL. Zero-line Reject ZLR short TREND TRADE. Shamu Trade long pattern Counter-trend trade. S hamu Pattern Short Counter-trend trade. Trendline Break Pattern Long. Trendline Break Pattern Long T here are two exit signals. Vegas Trade Pattern Long counter-trend Trade. Vegas Trade Pattern Short counter-trend Trade. Chart 1 shows very limited rounding. Notice that the entire pattern is more than 12 bars so the probability for success is far less Chart 3 shows very nice rounding after the HFE pattern. Ghost Trade Pattern Short counter-trend Trade. Ghost Trade Pattern Long counter-trend Trade. C hart 1 has a very weak right arm. Reverse Divergence rev diver Pattern Short Trend Trade. Reverse Divergence rev diver Pattern Long Trend Trade. Chart 3 one inside bump goes down under the zero-line a great deal. Hook From Extremes HFE Pattern Short counter-trend Trade. Hook From Extremes HFE Pattern Long counter-trend Trade. Horizontal Trend Line Break HTLB Pattern Short counter-trend Trade. Horizontal Trend Line Break HTLB Pattern Long counter-trend Trade. Horizontal Trend Line Break HTLB Pattern Long Trend Trade. Chart 1 does not show the exit signal to the trade. God is good all system time. Algeria Andorra Angola Anguilla Argentina Armenia Aruba Austria Australia Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Bermuda Bolivia Bosnia. Islands Yemen Yugoslavia Zambia Zimbabwe. All content copyright c TradingNaked. nifty woodies cci trading system

CCI Indicator Strategy

CCI Indicator Strategy

4 thoughts on “Nifty woodies cci trading system”

  1. Ãëàâíûé says:

    It would be awkward (forgive the choice of words) to add a new column and retain the same.

  2. algol says:

    And so it involved the accumulation of large portion of Knowledge asset and small portion of physical asset.

  3. alexber220 says:

    After sketching these four virtues in Book Four, Socrates is ready to.

  4. AkioFreeman says:

    The GAA gene is located on Chromosome 17 on the q arm between the positions 25.2 and 25.3 (GAA, paragraph 4).

Leave a Reply

Your email address will not be published. Required fields are marked *

inserted by FC2 system