Woodies CCI

What Is Woodies CCI?

“Woodie” is a day trader of 25+ years experience, and is well known among traders of index futures such as the EMini S&P 500 and the EMini Nasdaq 100. His system is based on a number of patterns made by the Commodity Channel Index (CCI) indicator. It’s a little different to most indicator-based systems, and traders tend to either swear by it or swear at it, but there is no doubt that its creator trades very successfully with it day in day out.

The CCI itself is a momentum indicator. Such indicators all work in the same basic fashion – they plot the difference between a “fast” measure of price and a “slow” measure. The MACD for example, measures the difference between a fast and slow moving average. In the case of the CCI, the “fast” measure is the price itself, and the “slow” measure is a moving average. Thus when we look at the CCI, what we are actually seeing is measurement of the deviation of price from its moving average, normalised to fit on a scale of roughly -250 to +250.

Trend Patterns

ZLR

1) Trend SHOULD BE in place. At least 6 bars or more.
2) CCI above 100 during the trend.
3) CCI dips below 100. Can go to ZL, even cross it.
4) Chop zone is Blue or Brown for at least 3 points or more in the trend direction.
5) Sidewinder is yellow or green.
6) CCI points change between bars must be +15 to +20 (Green or Blue).
7) CCI turns up and stays up with 20secs to bar close. This is the trigger.
8) CCI bar must not close above 120. That would be chasing a trade.
9) LSMA is NOT used.

TLB

1) CCI SHOULD BE in an established trend above 100 line.
2) CCI is preferred to be in a trend above the 200 line.
3) Chop zone indicator is NOT used.
4) Sidewinder in NOT used.
5) LSMA is NOT used.
6) Trend Line Break is the trigger.
7) The closer the actual trend-line break is to the Zero Line the better.

TONY TRADE

1) CCI SHOULD BE in an established trend (at least 6 bars or more).
2) CCI prints a minimum 4 bars on the other side of Zero Line (against the trend).
3) CCI SHOULD NOT print more than 9 bars on the other side of Zero Line.
4) NOT A SINGLE BAR on the other side should CROSS the 100 line.
5) Look for TLB now. Then the crossing of the Zero line triggers the trade.
6) TLB alone may also trigger the trade. This may be termed an aggressive trade.
7) LSMA, CZI, SI are NOT used in this trade.

GB100 (A ZLR that has gone too far)

1) CCI SHOULD BE in an established trend (at least 6 bars or more).
2) CCI goes to the other side of the Zero Line.
3) CCI crosses the 100 line on the other side.
4) CCI SHOULD NOT print more than 6 bars on the other side.
5) TLB back towards the original trend AND crossing the 100 line is the trigger.
6) CZI SHOULD BE Blue/Brown IN AGREEMENT with the ORIGINAL TREND.
7) LSMA and SI are NOT used

Against the trend patterns

FAMIR

1) It is a FAILED ZLR.
2) LSMA SHOULD BE green for upside FAMIR and red for downside FAMIR.
3) The FAMIR SHOULD form between the +50 and -50 lines.
4) Completion of the Z shape at 20secs to bar close is the trigger.
5) CZI is NOT used.
6) SI is NOT used.

VEGAS TRADE

1) CCI MUST cross 200 line in the established direction of the trend.
2) CCI then reverses and MUST cross the 100 line.
3) CCI starts rounding after making a swing low/high.
4) CCI rounding can look like a cup OR peaks and valleys.
5) CCI rounding of between 3 and 10 bars is required.
6) CCI may or may not cross the 100 line during the rounding period.
7) CCI crossing of the swing low/high after the rounding is the trigger.
8) LSMA SHOULD BE green for upside move and red for downside move.
9) CZI and SI are NOT used.

GHOST

1) CCI must make 3 peaks encapsulating 2 valleys.
2) The 2 valleys are connected by drawing a line.
3) This line is also extended to the right (in the future).
4) CCI violation of this line for a 3rd time triggers the trade.
5) CZI, SI, LSMA are NOT used.
6) GHOST can form in any direction with any slant.
7) Woodie believes the slant towards the Zero Line is preferable.
8) A Ghost is a Ghost is a Ghost.

Woodies CCI System: Trading-Woodies-CCI-System.pdf
Lectures: http://woodiescciclub.com/Lectures/
More patterns: http://madscalper.com/vt.htm
More Info: http://www.trading-naked.com/woodie1ccisystem.htm
http://www.woodiescciclub.com/index.html

Metatrader4 Woodies CCI indicators:
Woodie-Panel-Heart
i-GentorCCIM_v.1.1.mq4
i-GentorLSMA&EMA_v.1.1.mq4

Indicators for MetaStock, NeoTicker, NinjaTrader, AmiBroker: http://woodiescciclub.com/forum/viewforum.php?f=17