Call me Vidvad - I day trade futures | Page 39 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

vidvad's 2023 4-9-18 ema journal 62 replies

Day Trade E-mini S&P 500 Futures Journals 3 replies

Pattern day trade rules on futures trading for US residents 6 replies

When to stop trading and call it a day 19 replies

Hunt & Trades Futures From Futures Hunter 8 replies

Attachments: Call me Vidvad - I day trade futures
Exit Attachments

Call me Vidvad - I day trade futures

  • #761
  • Mar 4, 2025 7:37pm Mar 4, 2025 7:37pm
Quoting kthrapp350
With out taking up to much of Vids space here. This my basic method. All the indicator setting are on the charts. It is not necessary to have the indicators on the bottom if you do not like them. But I am buying or selling the pull backs of the long term trend. So the 2000 tick chart sets the trend and any pullbacks on the 500 tick chart is when I pick my entry. Pretty simple. But I will not take up Vids page. But usually I am right 75-80% of the time. Just takes some practice to get in the flow of it. But I have been doing some version of this...
I love it, kthrapp!

I've always been fond of triple MA's, and there really isn't a better approach the buying/selling with trend pullbacks. Like you mentioned in your previous post, what most traders attempting such methods struggle with is being able to recognize that the trend has turned trading range and it is time to stop and wait for the next tradable swing.

Thanks for sharing!
Life itself is a privilege, but to live life to the fullest is a choice
  • #762
  • Mar 4, 2025 7:39pm Mar 4, 2025 7:39pm
I had to make a version of my affirmation chart to accompany the mebob method:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 428 KB
Life itself is a privilege, but to live life to the fullest is a choice
  • #763
  • Mar 4, 2025 7:42pm Mar 4, 2025 7:42pm
Quoting vidvad
{quote} I love it, kthrapp! I've always been fond of triple MA's, and there really isn't a better approach the buying/selling with trend pullbacks. Like you mentioned in your previous post, what most traders attempting such methods struggle with is being able to recognize that the trend has turned trading range and it is time to stop and wait for the next tradable swing. Thanks for sharing!
That is 100 percent correct. But just takes a little practice. And I have my timed charts on my other monitor.
  • #764
  • Edited 8:36pm Mar 4, 2025 8:23pm | Edited 8:36pm
I personally think the cleverness of the MEBOB strategy actually comes in optional the part he added last. He increases his position on the other side of the range when he loses, assuming repeatedly, until there's a clear break out. It's an opening range breakout strategy that gives you a nice clean parameter to work with. I really like the logic. After all the whiplash from the first 30-40 minutes of the market, we assume price will pick a direction and start to move away from the open. After some back testing, it's rare that price will make it all the way to a stop loss multiple times in a row, usually it will happen a few times at most and then a major trend will breakout, letting us capture a good move. It does seem a little martingale-ish, but as long as your position is low enough to begin, you should be okay.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20250304_213641_TradingView.jpg Size: 437 KB
  • #765
  • Mar 4, 2025 8:41pm Mar 4, 2025 8:41pm
On other days you don't even need it...you just stay at 1x.

Fits nicely with the roulette epiphany. Let's go to the casino tomorrow
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20250304_214102_TradingView.jpg Size: 374 KB
Click to Enlarge Name: Screenshot_20250304_213946_TradingView.jpg Size: 336 KB
  • #766
  • Mar 5, 2025 8:05am Mar 5, 2025 8:05am
I appreciate anyone sharing anything they wish to share concerning how thye trade. I don't want this to be come a systems thread tied to one method where I am made to answer daily questions about "why did this trade not work?" or "Why didn't you take a trade there?" or "If you had these 27 indicators and wait for them all to agree ..." type of posts.

I also do not want someone posting a chart where the main (and quite obvious) purpose is not to share anything meaningful to help others, but simply to boost the ego of the one making the post. If you are posting to FF, you are retail, you are no better or worse than the rest of us, and you are still looking to find your way. That doesn't mean you are not yet consistently profitable, and it doesn't mean you haven't been consistently profitable for months or even years. But if you are a consistently profitable trader and you are still here reading and posting at FF with us, then you are one of us. You are not above us.

So, for clarity, I welcome people sharing chart pics (especially if they are trading similarly to me lol). You can even post a chart where your trading platform has marked your entries and exits. What I don't want to see is the commentary is something like this: "Look at this chart (i.e. 'look at me!') I bough here and sold it up there for a gazillion dollar profit! I'm king of trading and no one can touch me!"

Posts like that are unseemly and unpleasant to read. They do more harm, I believe, to new traders than one can measure as it potentially increases the emotional and mental pressure that is already immense.

This is a journal thread. Some trading discussion in welcome. But let's make sure it is in the spirit of sharing and helping move us all forward.
Life itself is a privilege, but to live life to the fullest is a choice
  • #767
  • Mar 5, 2025 8:49am Mar 5, 2025 8:49am
Be humble, have humility, and share some insight if you please


Waiting for the casino to open at 10:10. Let's observe
  • #768
  • Mar 5, 2025 8:54am Mar 5, 2025 8:54am
What are your thoughts on the position increasing after a loss, V?
  • #769
  • Mar 5, 2025 9:27am Mar 5, 2025 9:27am
Quoting MachineLearn
What are your thoughts on the position increasing after a loss, V?
To me it is a form of averaging into a loss, so I wouldn't do it. Each trade is independent of the results of the last. I believe it is known as "Martingaling," and I don't believe it is a good idea.

If anything, I'd advocate for decreasing size after a loss, especially a string of losses.

I was surprised to see that doubling in the Mebob rules, and I wonder if maybe Hougaard read them wrong. Maybe what mebob meant was that his stop loss owuld be double so that it would exit the now losing position, and enter a position in the opposite direction.

In orther words, if we sold 3 contracts short, maybe he means he would place 6 contracts at the stop level, so that if he were stopped out, he'd be long 3 contracts. I would be very surprised if mebob would have stopped out of a losing three to go long six contracts.

See what I mean?

Unfortunately, Mebob has passed on to the great trading floor in the sky, and so we will likely never know if he really advocated Martingaling, or if Trader Tom simply misremebered or misapplied what mebob meant when he said his stop loss order was doubled.

Membob trade today, sold below the Mebob range low, took profit +6 ticks above the NYSE open.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 40 KB
Life itself is a privilege, but to live life to the fullest is a choice
  • #770
  • Mar 5, 2025 9:34am Mar 5, 2025 9:34am
Quoting vidvad
{quote} To me it is a form of averaging into a loss, so I wouldn't do it. Each trade is independent of the results of the last. I believe it is known as "Martingaling," and I don't believe it is a good idea. If anything, I'd advocate for decreasing size after a loss, especially a string of losses. I was surprised to see that doubling in the Mebob rules, and I wonder if maybe Hougaard read them wrong. Maybe what mebob meant was that his stop loss owuld be double so that it would exit the now losing position, and enter a position in the opposite direction....
Makes sense. Essentially, closing the order and opening another at the same position essentially. Not really a fan of the martingale style myself either. What would be interesting is to incorporate some kind of trailing stop after target profit. I think this strategy has the perpensity to capture some nice strong breakouts, so some nuanced money management to to take advantage of that. For now, I'll keep it to 1:1 on both sides.
  • #771
  • Mar 5, 2025 9:36am Mar 5, 2025 9:36am
Quoting vidvad
{quote} To me it is a form of averaging into a loss, so I wouldn't do it. Each trade is independent of the results of the last. I believe it is known as "Martingaling," and I don't believe it is a good idea. If anything, I'd advocate for decreasing size after a loss, especially a string of losses. I was surprised to see that doubling in the Mebob rules, and I wonder if maybe Hougaard read them wrong. Maybe what mebob meant was that his stop loss owuld be double so that it would exit the now losing position, and enter a position in the opposite direction....
Mebob produced a lovely winner right at the start of the range. Let's keep watching to see if price will run or if there will be more interaction.
  • #772
  • Mar 5, 2025 9:38am Mar 5, 2025 9:38am
This volatility is a double edge sword. It means you can expect larger profit targets than usual. But it also means you have to accept a larger loss than usual. I fat fingered that ES short. I would not usually trade 3 eminis in this environment. If I did, it would be a situation like yesterday afternoon when the market was falling with momentum. I'd sell one. Then sell another five points lower. Then sell yet another three points lower. I'd average into a winning trade. But I'd not usually hit a three spot with the M5 ATR this high as an initial entry. This time I got lucky. Many times when I make such mistakes the market makes me pay dearly.
Life itself is a privilege, but to live life to the fullest is a choice
  • #773
  • Mar 5, 2025 9:52am Mar 5, 2025 9:52am
Quoting MachineLearn
{quote} Makes sense. Essentially, closing the order and opening another at the same position essentially. Not really a fan of the martingale style myself either. What would be interesting is to incorporate some kind of trailing stop after target profit. I think this strategy has the perpensity to capture some nice strong breakouts, so some nuanced money management to to take advantage of that. For now, I'll keep it to 1:1 on both sides.
I like the idea of taking a fixed TP on 1/2 and trail using the high/low of the last 5 minute bar as the refernce for the stop level. The ES just doesn't trend on enough days, however, not to take some profits, especially if price moves to an important level such the day's open, the previous day's high, low, or close, or the previous week's high or low.

I also like the idea of using a sort of Brooksian or Volmanesque price action approach as well. Such an approach would offer potential opportunities before pre-mebob, and also possible re-entries for those days in which price breaks out and leaves mebob behind.
Life itself is a privilege, but to live life to the fullest is a choice
  • #774
  • Mar 5, 2025 10:04am Mar 5, 2025 10:04am
Cheers to Mebob RIP

Anyhow heres my basic chart I use everyday. RoadMap is added to this layout..
I dont like messy charts and thus keep RoadMap and others on other screens.
OHLC levels
15min OR
1hr IB
VWAP & Prev day closing VWAP(Orange squiggly )

No I didnt trade this Mebob setup.. Just saw the discussion and thought id highlight it is all.
Traded CL today.

I saw Vidvad mention Al Brooks etc..and how Mebob uses 8th 5min bar.
Well according to Al Brooks:

There are 78-5M bars in a trading session
Over 30 years of Al's data tells us that :
5 minute bars
Bar 1 : 20% probability HI/LOW of the day is set
Bar 7 : 50% probability HI/LOW of the day is set (thinking Mebob)
Bar 13 : 70% probability HI/LOW of the day is set (thinking Market Profile Dalton IB)
Bar 18 : 90% probability HI/LOW of the day is set
Bar 78 : 99% probability HI/LOW of the day is set

So we can assume Bar 8 has a slightly higher edge that the H/L of the day has been set.

Just some food for thought for Mebob is all.

Cheers
Blue

Attached Image (click to enlarge)
Click to Enlarge Name: ESH2025_2025-03-05_07-41-49_c794e.png Size: 45 KB
Master your Mind,,,Master the Market
  • #775
  • Mar 5, 2025 10:26am Mar 5, 2025 10:26am
Quoting bluesteele
Cheers to Mebob RIP Anyhow heres my basic chart I use everyday. RoadMap is added to this layout.. I dont like messy charts and thus keep RoadMap and others on other screens. OHLC levels 15min OR 1hr IB VWAP & Prev day closing VWAP(Orange squiggly ) No I didnt trade this Mebob setup.. Just saw the discussion and thought id highlight it is all. Traded CL today. I saw Vidvad mention Al Brooks etc..and how Mebob uses 8th 5min bar. Well according to Al Brooks: There are 78-5M bars in a trading session Over 30 years of Al's data tells us that :...
Interesting data. That's the kinda stuff that starts firing off al kind of neruons in my brain, although not entirely sure why yet haha.

Here's my chart, also like it clean
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20250305_112719_Photos.jpg Size: 203 KB
  • #776
  • Mar 5, 2025 10:52am Mar 5, 2025 10:52am
Quoting MachineLearn
{quote} Interesting data. That's the kinda stuff that starts firing off al kind of neruons in my brain, although not entirely sure why yet haha. Here's my chart, also like it clean {image}
LoL... I hear you ..I remember it got my brain rattling.. and it really solidified my framework of trading.

Makes me think of that new company Edgeful.. endless ways of analyzing data... But for me it just becomes a rabbit hole and where does it stop?

I don't think one can go wrong studying Al Brooks.. and he has some excellent videos on trading the open and the probabilities of the first 18 bars. Worth a watch for those interested.
Master your Mind,,,Master the Market
  • #777
  • Edited Mar 6, 2025 10:04am Mar 5, 2025 11:11am | Edited Mar 6, 2025 10:04am
Quoting bluesteele
{quote} I don't think one can go wrong studying Al Brooks.. and he has some excellent videos on trading the open and the probabilities of the first 18 bars. Worth a watch for those interested.
I bought his video course early on. I think I paid $249 for it. Today it sells for $399, and it is still worth every penny of that and more, imo. I also have his first book, which is a difficult read. He has pages of lucid prose and then it turns into some weird machine language which is and remains indecipherable to me. Had it not been for his video course I would have probably had little good to say about him lol.

Bob Volman's books, especially the one on the 5 minute chart is also a good one, and much more readable than Brooks's book (Brooks's his first book - I never read any of his three later books so I can't speak to those).

I occasionally make vidoes I upload to youtube for the guys in my discord. I keep these "unlisted" and not available to the public unless someone has the link.

I am considering doing a little series of videos as I explore the mebob method and revisit the 5 minute ES chart. If I do, I'll post the links here. Ideally these would be a mix of videos where I sort of explain my take on the mebob and also how I look for set ups on the 5 minute chart, and also a few where I record live price action. It isn't meant for anything other that for me to have some fun and also to make it easier to share than always typing my novel length posts lol.

My main focus, however, remains my NQ Gonzalo method. Most days, I am done trading the NQ, however, sometime between 8 AM Eastern and 10 AM Eastern, which means most days, I am available to look to the ES by the time the mebob bar would close, and many days, I'd be able to look at it by or soon after the NYSE open.
Life itself is a privilege, but to live life to the fullest is a choice
  • #778
  • Mar 5, 2025 11:27am Mar 5, 2025 11:27am
Quoting bluesteele
{image}
"Timings, Levels, Behavior of Price"

I don't repeat those words often enough, but everything I do just about is based on timing (trading window, market opens, etc.), Levels (the current day's open, yesterday's high low, the previous week's high and low), and the behavior of price (how did it react at a level? close above/below? engulfment?).

Everything I do and everything I think or know about price action I've learned from someone else.

Timings, levels, behavior of price" another concept that has had a positive impact on my trading journey.
Life itself is a privilege, but to live life to the fullest is a choice
  • #779
  • Mar 5, 2025 11:47am Mar 5, 2025 11:47am
Price has made its way back to the MEBOB zone and DH
  • #780
  • Mar 5, 2025 11:51am Mar 5, 2025 11:51am
Quoting MachineLearn
Price has made its way back to the MEBOB zone and DH
Technically a long but right into a strong level.

Also, interestingly, price wicked exactly to the bottom the MEBOB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20250305_125003_Photos.jpg Size: 216 KB
0 traders viewing now