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To be honest, I never bothered looking into the CCI club because there’s so much crap on the homepage. Gave me a headache just looking at it. Don’t like talking to others anyway.

I came across the CCI pdf and just adapted the system after 5 minutes of trying it. Looking at the CCI patterns is a good idea – even if they are lifted from other sources. And I did need to get rid of prices but only when starting out in demo trading to gain trust in the system.

A fast setting (CCI 14) is only good for trying to get a tight entry / exit in a nice long trend. No good trying to trade noise – you’ll get cut up and bleed to death. You need to look at the price conditions to know that. A slower value works better to absorb noise BUT only with your own set of management rules in addition to the less important CCI rules.

A CCI chart is almost similar to a MACD chart , e.g. 5 minute CCI 34 and 5 minute 4,34,14 MACD. The strength is in the patterns, not the indicator. Even then, you can be very successful with just the ZLX and ZLR patterns as a trend follower in the right markets but only with your own money and stop-loss rules to protect yourself with (You WILL suffer losses). On it’s own, WCCI will ‘probably’ not work (in present conditions). Discretion overlays the mechanical.

Due diligence, people. Put in the ground work before committing money.

I am a successful trader. I have MANY setups and methodologies. I have more than I know what to do with. I have a limited amount of capital, but it continues to grow and I am now managing other people’s money now as well.

I often tell anyone who will listen what I do and how I do it. Usually friends or people that I want to help. I also would have no problem sharing what I know for a fee.

I can make money with nothing more than a yahoo chart and a DOM. That’s because I spent many years watching ticks.

The most important piece of trading is money management. You can flip a coin for entry. It’s how you manage the trade that makes the difference. Thus if I “taught” someone how to trade, it would be less about setups and more about management and psychology.

The “wholly” grail is about being a “whole” person mentally and financially. Thus successful trading or ANY success will be a by product of said.

Now as far as WCCI. Leave him alone. There is nothing wrong with a guru or anything of the like, just like there is nothing wrong with random entry and good management. My point is that two people with equally accounts, both sitting in the WCCI room, with BOTH get different results. I can understand why they want to shut those people up who are contrary to the mission. It’s because people have a sense of something that works FOR THEM and if you come in there and get negative, you might mess them up. If you want to question his methods or his cult, then make a new website and let people visit and discuss it there. What I mean is this. I absolutely don’t want anyone’s opinion when I am in a trade. I will hide all I can from the world because they will mess me up.

I can tell you first hand that I have shared some VERY nice secrets I have learned and ironically, I have received responses similar to that of what Doug Tucker has provided herein. This is not to say that Doug doesn’t provide value, but rather anyone from WCCI could come and critic’ his site equally to the way he criticized theirs.

Bottom line. Stop whining, Shut up, and trade. The real secret to this game is capital. You 1-5 lot traders will get killed out there or make a little lose a little. The way to survive is capital and position sizing.

I’m out!

Nothing, but the extensive experience from observing price action and the deep involvment of time to gaining awareness of the practical sensitivity of mathematical indicators, can ASSIST in managing open positions. Most are quickly searching to find fantasy-level entries and exits, and our technological culture has the tools to provide such sanctuaries, with walls lined with mirrors, reflecting only that which is in the room.

Our brain, combined with real experience, will always be a better trade manager and indicator, than an algorithm (at least at this stage of market evolution). We can use them as tools, but the ability to manage oneself (rather than managing one’s computer) will take precedence in trading profitably over the magical indicators that can be found at the corner market. All lasting traders seem to start simple, get very complex, and then return to simplicity, when simplicity was finally understood through the journey through complexity. All the rest of the 90% (or whatever percentage) will be looking for someone to tell them how to believe (and such is all of human history it seems without too much contradictory evidence).

Keep up the excellent writing. Your eyes see well, your hands type with precision.

Cheers Mate!

ryan