The Patterns
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 complexity and will only serve to confuse you while you are learning this system.
Do not rename any of the patterns. I’m sure it is very obvious why this shouldn’t be done but some still try to do it. 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. Follow it closely. 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.
Woodies Top 8 Setups Trade Type
Zero-line Reject (ZLR) trend
Shamu Trade counter-trend
Trend Line Break (TLB) both
Vegas Trade (VT) counter-trend
Ghost Trade counter-trend
Reverse Divergence (rev diver) trend
Hook from Extremes (HFE) counter-trend
Horizontal Trend Line Break (HTLB) both