Call me Vidvad - I day trade futures | Page 40 | 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

  • #781
  • Mar 5, 2025 11:56am Mar 5, 2025 11:56am
Quoting MachineLearn
{quote} Technically a long but right into a strong level. Also, interestingly, price wicked exactly to the bottom the MEBOB {image}
Mebob pays out with two wins in a row
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20250305_125549_Photos.jpg Size: 240 KB
Click to Enlarge Name: Screenshot_20250305_125448_Plus500.jpg Size: 36 KB
  • #782
  • Mar 5, 2025 1:25pm Mar 5, 2025 1:25pm
Mebob wins again haha, I won't post it because I think we get the picture. I'm very interested in this. I may do a prop challenge.

Just need to fine tune the money management
  • #783
  • Mar 5, 2025 3:12pm Mar 5, 2025 3:12pm
Here is my first attempt at a youtube video on the mebob concept and how I intend to explore it in my trading. We had storms here and the electricity was flickering on and off. It seems to have affected my microphone a bit and at times it may sound as though I'm talking with a mouthful of marbles.


Inserted Video
Life itself is a privilege, but to live life to the fullest is a choice
  • #784
  • Mar 5, 2025 4:02pm Mar 5, 2025 4:02pm
Quoting vidvad
Here is my first attempt at a youtube video on the mebob concept and how I intend to explore it in my trading. We had storms here and the electricity was flickering on and off. It seems to have affected my microphone a bit and at times it may sound as though I'm talking with a mouthful of marbles. https://youtu.be/Qc7R9nguYyw
Cool ! I'm listening to it in fits and bursts lol.. keep getting interrupted..
Waiting for the riffraff to leave the house geesh
Markets are Mirrors,,Mastery of craft is mastery of self
  • #785
  • Mar 5, 2025 4:10pm Mar 5, 2025 4:10pm
Quoting bluesteele
{quote} Cool ! I'm listening to it in fits and bursts lol.. keep getting interrupted.. Waiting for the riffraff to leave the house geesh
At one point I was thinking I should start a new journal to focus on my trading post-epiphany. But then I decided that this journal was where I was and is a good record for me of where I've been and where I'm going.

However, the mebob stuff could overtake the journaling aspect of the journal, so I think I'll be starting a systems thread devoted to the mebob concept in the systems section to keep the journal on its journey. Probably will start it tonight after dinner.
Life itself is a privilege, but to live life to the fullest is a choice
  • #786
  • Mar 5, 2025 4:41pm Mar 5, 2025 4:41pm
Quoting vidvad
{quote} At one point I was thinking I should start a new journal to focus on my trading post-epiphany. But then I decided that this journal was where I was and is a good record for me of where I've been and where I'm going. However, the mebob stuff could overtake the journaling aspect of the journal, so I think I'll be starting a systems thread devoted to the mebob concept in the systems section to keep the journal on its journey. Probably will start it tonight after dinner.
Yes sir! Do it.

We just have to separate the VEBOB and the MEBOB. The VEBOB(your method) isn't very clear to me when you set limit orders, seems like there's a decent amount of subjectivity.
  • #787
  • Mar 5, 2025 4:47pm Mar 5, 2025 4:47pm
Really Vid, They both go together. The growth we go through as traders is both on the Method or Systems as well learning to just trust the system in the first place. You have to have both to succeed. Just my opinion, I would change anything
  • #788
  • Edited 6:05pm Mar 5, 2025 5:17pm | Edited 6:05pm
Quoting kthrapp350
Really Vid, They both go together. The growth we go through as traders is both on the Method or Systems as well learning to just trust the system in the first place. You have to have both to succeed. Just my opinion, I would change anything
The roulette epiphany was so jarring for me because I had at my disposal numerous methods and systems that provided a positive edge, and yet I still failed to maintain true long-term consistency. That is why I distinguish between the "mindset reset" (to borrow a phrase from Stacey Burke) and the nuts and bolts of
systems development and testing.

I do understand why you say what you say. In my own mind, just based on my recent experience, I feel them to be quite distinct as they apply to me. I certainly wouldn't say that I am right and others wrong if they feel differently. The trading journey is a singular journey for each us, even though most of experience the same ups and downs along the way.
Life itself is a privilege, but to live life to the fullest is a choice
  • #789
  • Mar 5, 2025 5:19pm Mar 5, 2025 5:19pm
Quoting MachineLearn
{quote} Yes sir! Do it. We just have to separate the VEBOB and the MEBOB. The VEBOB(your method) isn't very clear to me when you set limit orders, seems like there's a decent amount of subjectivity.
I'm not using limit orders often, usually I'd use stop orders to enter. I think using Brooks's and Volman's concepts, and the concept of siganl bars and trigger bars, we will be able to drain a good bit of the discretion of the top and leave the mostly real objective set ups. But time will tell. That is why I refer to this as an exploration.
Life itself is a privilege, but to live life to the fullest is a choice
  • #790
  • Mar 5, 2025 6:00pm Mar 5, 2025 6:00pm
Quoting vidvad
{quote} The roulette epiphany was so jarring for me because I had at my disposal numerous methods and systems that provided a positive edge, and yet I still failed to maintain true long-term consistency. That is why I distinguish between the "mindset reset" (to borrow a phrase from Stacey Burke) and the nuts and bolts os systems development and testing. I do understand why you say what you say. In my own mind, just based on my recent experience, I feel them to be quite distinct as they apply to me. I certainly wouldn't say that I am right and others...
I one hundred and fifty thousand percent agree with you on that. I am the same way. I like to see other peoples idea's and methods just to learn. There are many many ways to trade and be profitable. I am my worst enemy more so than any system of method. I make life much harder than it should be many times. Have a great day everyone!!
  • #791
  • Mar 5, 2025 6:14pm Mar 5, 2025 6:14pm
Hi, I admire your candidness about your journey. I have now been trading for some years with a variety of successful methods but couldn't get the long-term consistency that I aspired to. Like everyone else, I made and lost money. Here is a small part of my trading journey lately.

To sort myself out I did a lot of soul searching. I was a successful Executive Manger/business owner (I retired at 56 y.o), what did I do to make me successful then? The answers were: know your job 100% and deliver to the internal/external clients on your promesse 100% of the time. So why couldn't I do the same with trading? for two simple reasons:
1-trusting my method 100% of the time and
2-been disciplined to apply it 100% of the time.
Easy to fix! right (LOL) ....So:
1-I went back trading on a demo account for nearly a year which resulted in confirming my trading method was 100% reliable. No thinking required, if it is a BUY : I buy; if it is a SELL: I sell (know your job 100%).
2-This was the more difficult part for me, I am not a discipled person. Emotions often take over my thinking. To counteract that, I decided to involved others (Clients), INVESTORS. Having the responsibility to ensure (deliver on your promesse 100% of the time) a financial return to those investors has become the primary focus of my trading.

So far so good.... I only get a negative trade if I have NOT followed my trading method which these days are seldom. I wish you green pips and an enjoable trading journey.
Stay green!!!
  • #792
  • Mar 5, 2025 6:38pm Mar 5, 2025 6:38pm
Quoting Froggy
Hi, I admire your candidness about your journey. I have now been trading for some years with a variety of successful methods but couldn't get the long-term consistency that I aspired to. Like everyone else, I made and lost money. Here is a small part of my trading journey lately. To sort myself out I did a lot of soul searching. I was a successful Executive Manger/business owner (I retired at 56 y.o), what did I do to make me successful then? The answers were: know your job 100% and deliver to the internal/external clients on your promesse 100%...
Hi Froggy, Thank you so much for sharing your experience. I very much appreciate it. All the best to you and yours as your own journey continues!
Life itself is a privilege, but to live life to the fullest is a choice
  • #793
  • Edited 9:00pm Mar 5, 2025 8:47pm | Edited 9:00pm
What's the most amount of contracts you have ever traded, and follow up, in a hypothetical world, how many would you do?

Trying to sort out the money management on the BEBOB. Want to understand the practicality of doubling position size for the default method. I think it could work wonders as price tends to move away and never return after a bit. Meaning, if you get one win on a move that made significant distance from the MEBOB zone you should theoretically stop. If price chops around the MEBOB level, increasing your position size after a loss makes sense, because the win you get when price finally moves away for good will always net you a profit , no?
  • #794
  • Mar 6, 2025 7:45am Mar 6, 2025 7:45am
Quoting MachineLearn
What's the most amount of contracts you have ever traded, and follow up, in a hypothetical world, how many would you do? Trying to sort out the money management on the BEBOB. Want to understand the practicality of doubling position size for the default method. I think it could work wonders as price tends to move away and never return after a bit. Meaning, if you get one win on a move that made significant distance from the MEBOB zone you should theoretically stop. If price chops around the MEBOB level, increasing your position size after a loss...
At one time, back in 2013, I was regularly trading 10 or more NQ contracts. I believe the most ES at once was 10 contracts.

Position size is a function of % equity at risk.

10 NQ today would be suicide for a small account. At $20 per point per contract, a 10 contract position would risk $200 per point. A 25 point stop loss, which, for the way I trade, is the current minimum risk, would mean a $5000 per trade risk.

My opinion, and a very strong one at that, is any money management plan that requires increasing risk after a loss or a series of losses is bound to result in ruin.

What you should do is spreadsheet a position size calculator into excel and then play around with it.
Life itself is a privilege, but to live life to the fullest is a choice
  • #795
  • Edited 9:13am Mar 6, 2025 9:03am | Edited 9:13am
Casino is open. Stick to the rules.

Looks like we're working with a tight MEBOB range today. With experience, this may give more context on the type of trading we might want to do..
  • #796
  • Mar 6, 2025 9:41am Mar 6, 2025 9:41am
Mebob strikes again!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20250306_104046_TradingView.jpg Size: 272 KB
  • #797
  • Mar 6, 2025 10:33am Mar 6, 2025 10:33am
Quoting vidvad
{quote} Turnip, anything you want to share here in my journal is welcome. You and me are fellow travellers honing our craft! Yes, you have it right. And I would agree with you: using mebob, whether the original rules or as a reference zone can offer a quick trade or two and then get on with your life. In the document blue found for us by Tom Hougaard, he mentions that the originator, i.e. "mebob" the trader himself used this as a "trend following" set up. If you are trading all day it can certainly help you catch a trend if one occurs. For example,...
Just look at today - if I have drawn chart correctly. Nice haul to jump in and go home with?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-03-06 at 16.30.57.png Size: 189 KB
every Saint has a past. Every Sinner has a Future
  • #798
  • Mar 6, 2025 10:43am Mar 6, 2025 10:43am
The PriceBob trading system thread:

The PriceBob Strategy, A MeBob & Price Action Hybrid | Forex Factory

Fingers crossed this doesn't go sideways lol.
Life itself is a privilege, but to live life to the fullest is a choice
  • #799
  • Mar 6, 2025 12:57pm Mar 6, 2025 12:57pm
Quoting vidvad
The PriceBob trading system thread: The PriceBob Strategy, A MeBob & Price Action Hybrid | Forex Factory Fingers crossed this doesn't go sideways lol.
Update on my previous post/chart then I promise to Bob post on the new thread

MyBob took a nice short around 4:30pm ish UK time MY slot is 2:30pm to around 4:30pm - ish UK time . Can't be this good for too long surely otherwise I will end up a rich old git
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-03-06 at 18.52.36.png Size: 178 KB
every Saint has a past. Every Sinner has a Future
  • #800
  • Mar 6, 2025 1:16pm Mar 6, 2025 1:16pm
Quoting turnip15
{quote} Update on my previous post/chart then I promise to Bob post on the new thread MyBob took a nice short around 4:30pm ish UK time MY slot is 2:30pm to around 4:30pm - ish UK time . Can't be this good for too long surely otherwise I will end up a rich old git {image}
There's plenty of days price will range around MEBOB zone, bouncing from stop loss to stop loss until it eventually moves away. It's those days where we will really have to put our skills to the test
1 trader viewing now