The priceless CCI for this morning.

We drove up to San Francisco last Friday for the weekend, so I only had time to put up my new "priceless" CCI chart for the 3 min ER. As you can see from the side window I just added, I'm not entirely priceless. :) However, I must say that with the CCI-only charts expanding the CCI lines, it highly improves my focus on it. I put 90% of my focus on the CCI, whereas before maybe it was 50/50 looking at price bars + CCI. My "cheat sheet" as I call it includes moving averages crossovers (more for trend confirmation), Heinkin-Ashi (sic?) candlesticks (another device to stay in trend longer) with Woodie's 25 lsma and GB's 34 ema (for support/resistance), the Fisher Transform indicator which is handy for both turning points and trend. The "Herrick Payoff Index" is something I added Friday to mimic a "sidewinder" indicator that Woodie is currently beta testing on esignal. It helps to indicate sideways chop, so we know when to stay out of the market. Right now I'm seeing HPI = 0 on the ER/YM so this is as flat as it gets (and a good time to sit on my hands and blog a little).

Paper results with this new setup so far...
Friday: 5 trades (5-0-0) for +$160 (-$24 comm)
Monday morning: 5 trades (4-1-0) for +$180 (-$24 comm)

I'm very encouraged. The roller coaster I'm on is back on track, at least, and I feel I can make concrete progress sticking with current setup.

P.S. The new Woodie chart setup for esignal is quite something. His "priceless" CCI is chockful of cheats, as well. Of course, Woodie didn't program it. He's just using what a couple of programmers in chat put together. It's not available on Sierra, and yeah, I'd like to get my hands on it. But I'm just a stumblingborn again Woodie newbie looking for any simpleton edge, and the official Woodie setups are getting closer and closer to idiotic green light/red light Wize Trade charts. I have no doubt Woodie trades well without the prices and all the bells & whistles of the new charts, and he keeps preaching simplicity, so I'm scratching my head why he's endorsing such constantly evolving charts that bastardize his CCI-only mantra. I'll have to post a pic of it later.