Hilarious discussion on Cheese's Blog:
Woodie frontrunning the whole room with the WCCI (btw in 2003 it was based on the Kurtosis indicator (Excel VBA example), which is available in Tradestation and Sierra as far as I know. So put it on your charts and see what it tells you)
Do me one favor. Take your trading chart and take a look at them. What would One Bar ahead of your tradesignal give you as Entry?
At least on my Eurocharts, just looking at 8h of trading, my trades on average would have gone 8–15 ticks against me, before going in the direction I would have taken the trade, having an early signal present. And that does not include all the trades where I would get in one Bar ahead, but then the Signal never materialize.
Looking to be in one Bar ahead is just another name for the search for the Holy Grail. But instead of the Holy Grail you would end with a lot more Stops and losing trades, before hitting the one big home run 100 tick train, which of course you leave at the next station with 10 ticks profit, as you don’t want to lose your precious profits, while forgetting that you already paid 5 stops before boarding this one.
Being in one Bar ahead is not the way to wealth and happiness!
- Trading your Plan is …
- Recognising what works for You is …
- Building your mental strength is …
- Trust yourself, not someone else, is…
the secret path to wealth and happiness
