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The PriceBob Strategy

  • #21
  • Mar 7, 2025 8:57am Mar 7, 2025 8:57am
Quoting vidvad
{quote} I use Ninjatrader Brokerage. You can also trade with various prop firms. I'd suggest TopStep as the best combination of low cost and clear rules and reliable payouts. Avoid Apex like your life depends upon avoiding it. TradeDay is also good, but costs a little more. If you choose TradeDay, I'd reccomend you select an account with an End of Day drawdown, not the intraday drawdown. A lot of FF traders who trade futures also seem to use AMP Futures. Turnip15 is in the UK, and he might be able to make some recommendations as well if you are...
Ninja Brokerage and Ninja web platform ( I have an iMac and hate apple/microsoft workarounds) -Trading view charts for experimenting etc
every Saint has a past. Every Sinner has a Future
  • #22
  • Mar 7, 2025 9:37am Mar 7, 2025 9:37am
Today's live trading of the MeBob method

Inserted Video
Life itself is a privilege, but to live life to the fullest is a choice
  • #23
  • Mar 7, 2025 9:38am Mar 7, 2025 9:38am
Trading CL today,,,observing Mebob

Cheers
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Master your Mind,,,Master the Market
  • #24
  • Mar 7, 2025 9:42am Mar 7, 2025 9:42am
Quoting bluesteele
Trading CL today,,,observing Mebob Cheers{image} {image}
Cheers, blue!

It's worth repeating that I love this:

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Life itself is a privilege, but to live life to the fullest is a choice
  • #25
  • Mar 7, 2025 9:48am Mar 7, 2025 9:48am
Ok, you talked me into it..but this is for just one time only....great demo "trade"...
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  • #26
  • Mar 7, 2025 10:04am Mar 7, 2025 10:04am
Quoting driven18
Ok, you talked me into it..but this is for just one time only....great demo "trade"... {image}
Thankyou master
every Saint has a past. Every Sinner has a Future
  • #27
  • Mar 7, 2025 10:06am Mar 7, 2025 10:06am
Quoting turnip15
{quote} Thank you master
Ok, 2nd post ..I appreciate that
  • #28
  • Mar 7, 2025 10:25am Mar 7, 2025 10:25am
Another test - not traded by me - of MeBob. A choppy range must pop up soon one of these days.
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every Saint has a past. Every Sinner has a Future
  • #29
  • Mar 7, 2025 3:43pm Mar 7, 2025 3:43pm
Quoting turnip15
Another test - not traded by me - of MeBob. A choppy range must pop up soon one of these days. {image}
Another good day!
  • #30
  • Mar 7, 2025 5:25pm Mar 7, 2025 5:25pm
Here is the review of today's MeBob method set ups.

Today gave Mebob traders four set ups for trades, one short, and three long, and it was 4/4. For someone trading just one emini, that was a potential profit of $2000 in one day using the money management rules I established for the initial test phase of the MeBob method!

I tried cleaning up my mic a bit. I know the sound is sometimes muffled and it sounds like I have marbles in my mouth. I think I was able to correct for most of sound difficulties.


Inserted Video
Life itself is a privilege, but to live life to the fullest is a choice
  • #31
  • Edited 7:28pm Mar 7, 2025 7:16pm | Edited 7:28pm
Quoting vidvad
Here is the review of today's MeBob method set ups. Today gave Mebob traders four set ups for trades, one short, and three long, and it was 4/4. For someone trading just one emini, that was a potential profit of $2000 in one day using the money management rules I established for the initial test phase of the MeBob method! I tried cleaning up my mic a bit. I know the sound is sometimes muffled and it sounds like I have marbles in my mouth. I think I was able to correct for most of sound difficulties. https://youtu.be/8jujHIOyE_c
Nice video! One discretional trade in there however, but even if you took that trade for the loss youd still have a great day.

I want to incorporate some orderflow to help contextualize those whipsaw days that we've been fortunate to not see lately.
  • #32
  • Mar 7, 2025 7:29pm Mar 7, 2025 7:29pm
Quoting vidvad
Here is the review of today's MeBob method set ups. Today gave Mebob traders four set ups for trades, one short, and three long, and it was 4/4. For someone trading just one emini, that was a potential profit of $2000 in one day using the money management rules I established for the initial test phase of the MeBob method! I tried cleaning up my mic a bit. I know the sound is sometimes muffled and it sounds like I have marbles in my mouth. I think I was able to correct for most of sound difficulties. https://youtu.be/8jujHIOyE_c
I am with this journey
  • #33
  • Mar 7, 2025 8:05pm Mar 7, 2025 8:05pm
Quoting MachineLearn
{quote} Nice video! One discretional trade in there however, but even if you took that trade for the loss youd still have a great day. I want to incorporate some orderflow to help contextualize those whipsaw days that we've been fortunate to not see lately.
Which one to you feel was discretion based rather than rule based, Machine?
Life itself is a privilege, but to live life to the fullest is a choice
  • #34
  • Mar 7, 2025 8:10pm Mar 7, 2025 8:10pm
Quoting vidvad
{quote} Which one to you feel was discretion based rather than rule based, Machine?
A short trade after the push back up to the MEBOB. Bearish Candle closed slightly under
  • #35
  • Mar 7, 2025 8:11pm Mar 7, 2025 8:11pm
Quoting BDfx77
{quote} I am with this journey
Let's see where it takes us!

One thing I'd note that I didn't mention in the video tonight is that the reason I added ATR to the chart is that ATR may be a better tool to use for setting take profit levels. Right now, I am going to +10 points, but that is because the current daily ranges are huge.

Three months ago if you went for +10 points you'd have taken a lot of losses. But if instead you went for +4 points you'd have a lot of wins.

As ATR grows, so too will the profit target. As ATR contracts, likewise will the profit target.

So a +40 point day is great. But when volatility contracts to normal levels, whenever that may be, then a four win day might be +16 points. And that too will be a great day.

I want to focus for one more week on the price action in and around the MeBob range. However, I think adding some Al Brooks/Bob Volman price action set ups will make the whole plane stronger and probably more consistent over time. I need to do more extensive back testing. I can't shake the feeling that this week is something of a positive expectancy outlier.

Time will tell.

Welcome aboard!
Life itself is a privilege, but to live life to the fullest is a choice
  • #36
  • Mar 7, 2025 8:12pm Mar 7, 2025 8:12pm
Quoting MachineLearn
{quote} A short trade after the push back up to the MEBOB. Bearish Candle closed slightly under
That's the one where it closed 1 tick below but after reclaiming the previous day's close?
Life itself is a privilege, but to live life to the fullest is a choice
  • #37
  • Mar 7, 2025 8:19pm Mar 7, 2025 8:19pm
Quoting vidvad
{quote} That's the one where it closed 1 tick below but after reclaiming the previous day's close?
Yeah, technically a trade no? Albeit outside of your discretional rule set.
  • #38
  • Edited 8:54pm Mar 7, 2025 8:27pm | Edited 8:54pm
Quoting MachineLearn
{quote} Yeah, technically a trade no? Albeit outside of your discretional rule set.
In the video, I explained I would not take it because it was basically a close on the previous settlement level, after a strong rally back to turn the day from red to green. I'd want a strong bear signal bar there before taking a short. But, strictly speaking, I agree with you that it technically would be a trade per the original MeBob rule set. From what I remember of MeBob (and keep in my memory of his posts is nearly 20 years old at this point) I think he'd say you can't short against the previous day's close in that particular context. But since cannot ask him, we have to judge for ourselves.

If that bar had closed at or near its low I'd have called it a short entry. But it really is something of a doji: large upper wick, large lower wick, body is small relative to the candle size, and closed ABOVE the previous day's close by 1 tick, even though below mebob by 1 tick.

It was between a rock and a hard place as the saying goes. It is going to be one of those (hopefully) rare instances where two of us trading the mebob rules could make opposite decisions, one staying flat, the other going short, and we'd both be right, you know?
Life itself is a privilege, but to live life to the fullest is a choice
  • #39
  • Edited 6:14pm Mar 8, 2025 5:48pm | Edited 6:14pm
Quoting vidvad
Recently I was reintroduced to a strategy for day trading the S&P 500 that originated over 30 years ago called "the MeBob Strategy." Soon after I started trading, I joined a trading room on a website called avidtraderDOTcom. I don't know why he closed his service, but at some point in the later 2000's Avidtrader shut down his trading room. There were many good traders there and quite a few hungry newbies like myself (Tom Hougaard, whom some of you know as TraderTom and is the author of the book Best Loser Wins was, at that time, one those hungry...


hey vidvad....I used to be at avidtrader 25 years ago

I think the tards like samurai and dirgo made it tough on liberal traders so we slowly kept leaving till there was no one to chat and the site was sold to some fascist wannabe who tried making it a club for conservatives....anyone of the liberal or libertarian persuasion wasn't welcome.

i know humble1 and others went to silicon investor ...i think H1 is still there doing his "counting"

https://www.siliconinvestor.com/subj...ubjectid=57872 you have to scroll all the way down to the bottom of the page to see his current posts

I miss the price action trading of people like twocents and G9...he had the best intraday timing system with humble1 having a good daily one. tom drake who was twocents had that 2CS sentimeter which I followed ...he started a blog for awhile during the upheavals but alas I think he passed away too....most of those people were seniors 20-25 years ago so many prolly dead now ;(

https://twocents.blogs.com/weblog/2020/05/index.html


I learned about the kondratieff wave from 2C

oh and chris carolan with his spiral calender....all them guys were great till the place started descending into a fascist circlejerk towards the end

speaking of price action trading you'll have to stress to the newbies that that isn't the same as ICT price action cause they all think price action just means no indicators LOL
well good luck with this thread...you brought back some fond and disturbing memories about avidtrader LOL

hugh blanton is a author now who writes poems..tepid2 was one of the reasons avid folded and then he went to work for topstep and last I heard died from that hepatitis he caught in his youth

some people went to irc channels like myself...daytraders on othernet closed down and there's just one left called activetrader on financialchat server....still just stocks and futures trading ...stop by if you want to argue politics afterhours with people LOL

discord is the new thing now I guess for the seniors who don't know what the hell that is LOL
short trump and go long the deepstate
  • #40
  • Edited 6:28pm Mar 8, 2025 6:04pm | Edited 6:28pm
Quoting Zebi
{quote} hey vidvad....I used to be at avidtrader 25 years ago I think the tards like samurai and dirgo made it tough on liberal traders so we slowly kept leaving till there was no one to chat and the site was sold to some fascist wannabe who tried making it a club for conservatives....anyone of the liberal or libertarian persuasion wasn't welcome. i know humble1 and others went to silicon investor ...i think H1 is still there doing his "counting" I miss the price action trading of people like twocents and G9...he had the best intraday timing system...
Give a brief summary of what price actions means to you
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