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The PriceBob Strategy

  • #81
  • Mar 10, 2025 4:05pm Mar 10, 2025 4:05pm
Nightly MeBob trade signal review video:

Inserted Video
Life itself is a privilege, but to live life to the fullest is a choice
  • #83
  • Mar 10, 2025 5:05pm Mar 10, 2025 5:05pm
Quoting backtested.
{quote} what I've tested here is an entry on a stop 1 tick away from the extremes with the stop loss set to 1 tick the other side of the extreme
On a day like today there would be 5 or 6 -1R losses before the first orthodox signal. Another FF member did a one month backtest similar to yours, with more or less breakeven results. Rob Falk was a pretty smart guy and a long time trader. I'm certain that he had good reason to design the system with entries triggered only after a close beyond the MeBob range high or low.
Life itself is a privilege, but to live life to the fullest is a choice
  • #86
  • Mar 10, 2025 6:04pm Mar 10, 2025 6:04pm
Quoting backtested.
{quote} Why risk your time and money when you haven't tested it yourself?
I'd refer you to the two videos in this post. I mean no disrespect when I say that you aren't grasping the spirit of what is going on here. I'm trying to help people get off the systems merry-go-round and focus on what will really lead them to be consistently profitable traders. Forward testing is the way forward.

https://The PriceBob Strategy | Page 4 | Forex Factory

The real challenge is not in the strategy. It's in our mind. I feel that if an FF member, whether a green pea newbie or a struggling and frustrated veteran, were to listen to those two videos, embrace the MeBob for 20 days and Mark Douglas's exercise, and follow along here in case we need to adjust the take profit, that those traders who do so will reach in one month (20 trading days is approximately one month) that carefree state of mind that eludes 99.9999999% of us. Back testing is the noise, forward testing the signal. For those who join the exploration in the spirit of the thread, epiphanies are incoming.
Life itself is a privilege, but to live life to the fullest is a choice
  • #88
  • Edited 7:49pm Mar 10, 2025 7:32pm | Edited 7:49pm
Quoting backtested.
{quote} Your posts prior to this one really don't give that impression, and in previous posts you've talked about taking every entry, getting closer to acting mechanical etc and suggested that discretion is bad. Backtesting shows you your strategy from a purely mechanical standpoint, no discretion, no emotion, no worrying about mindset and most of the time if you take a simple strategy and backtest it you will see that it shows you no edge. What good is a perfect mindset trading a system that doesn't have an edge? If the edge is in discretion then...
I should probably remind you that by your own admission you've not watched but a few minutes of one video that comprise the bulk of the content pertaining to the Mebob. Had you watched the videos then all these alleged criticisms you are throwing at me would not exist. How can you tell me I should have been clearer when you yourself admit you really don't care to know what's going on because you don't like the sound of my voice? lol

I am not a "pusher" of any strategy. However, the intention of this thread is to explore whether this methodology, to wit, the MeBob Methodology, may add value to a pure price action methodology. We've not gotten there yet. We've not even begun to discuss the additional set ups of which MeBob will be playing a supporting role.

The commitment to this thread as I stated in the videos is to stick to the MeBob through this week. In the course of this initial phase, it occurred to me that this method is very well suited as a reasonable choice for someone wishing to complete Mark Douglas's exercise. Had you had the courtesy to watch the videos you' d have known that.

Again, all of this has been very clearly stated and explained in the videos. If you wish to understand this thread then I think you have to watch the videos. If you don't watch the videos, then we are going to have these communication breakdowns repeatedly.

There is no easy button here.

I've been doing the work for a long time.

There is work to be done here, and work is being done here.

But it is unfair of you to come here and not merely misjudge but to malign my clarity of purpose and question my intentions when you have refused to view the material where I make plain my thoughts on where we are and where we might be heading. You have been unable to recognize that this thread is different from the same old song and dance that has been customary on trading forums for decades. We are trying something different here. You should take the time to familiarize yourself with our process before thinking yourself qualified to publicly pick us apart as you are trying to do here.

Again, I mean no disrespect (though I don't think you can say the same) when I say you've not even tried to grasp what's is going on here.
Life itself is a privilege, but to live life to the fullest is a choice
  • #89
  • Mar 11, 2025 12:28am Mar 11, 2025 12:28am
Quoting vidvad
{quote} I should probably remind you that by your own admission you've not watched but a few minutes of one video that comprise the bulk of the content pertaining to the Mebob. Had you watched the videos then all these alleged criticisms you are throwing at me would not exist. How can you tell me I should have been clearer when you yourself admit you really don't care to know what's going on because you don't like the sound of my voice? lol I am not a "pusher" of any strategy. However, the intention of this thread is to explore whether this methodology,...
everybody now days wants to automate their trading using computers as quickly as possible so they can sit back and jerkoff all day while the machine makes em money

that's why tooslow kicks people out of his thread that bring up EA's

some people just cant be helped
short trump and go long the deepstate
  • #90
  • Edited 8:06am Mar 11, 2025 7:45am | Edited 8:06am
Quoting Zebi
{quote} everybody now days wants to automate their trading using computers as quickly as possible so they can sit back and jerkoff all day while the machine makes em money that's why tooslow kicks people out of his thread that bring up EA's some people just cant be helped
I would think the percentage of retail traders trying to make consistent profits with bots who are actually succeeding is far less than those who point and click their trades using the mouse. I can't tell you how many times I have had someone ask me "why don't you just automate your rules and have the computer trade for you." Those who ask don't understand than a significant portion of one's edge as a small account, rule-based point and click trader can be derived from maintaining physical real time control of one's operation.

This thread is different from other threads in that in order for someone really to remain up to speed on what's going on, he or she has to have watched the videos, at least the first video in the initial post and then the most recent two or three. That means that this thread requires a larger commitment of time and effort than a traditional FF thread. It will not be for everyone.

I'm going to try not to resort to the ignore feature to keep the thread on track. Going forward, I will have to make some effort to limit the participation of those who assume that what we are doing here is going through the motions of a typical FF systems thread, however.
Life itself is a privilege, but to live life to the fullest is a choice
  • #91
  • Mar 11, 2025 8:21am Mar 11, 2025 8:21am
Just my view, my charts of yesterdays Mebob setups.

Anyone interested in Mebob I encourage you to watch Vidvad's videos...

There is always something to learn from everyone

All the best...

Blue

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Master your Mind,,,Master the Market
  • #92
  • Mar 11, 2025 8:26am Mar 11, 2025 8:26am
Good morning traders. I feel like we're due for some choppiness around the MEBOB today. How well do you handle back to back losses? Does your management help combat these kind of days?
  • #93
  • Mar 11, 2025 9:35am Mar 11, 2025 9:35am
We r on trade
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  • #94
  • Mar 11, 2025 9:43am Mar 11, 2025 9:43am
Quoting MachineLearn
Good morning traders. I feel like we're due for some choppiness around the MEBOB today. How well do you handle back to back losses? Does your management help combat these kind of days?
Nevermind, MEBOB strikes again for a nice winner
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  • #95
  • Mar 11, 2025 9:43am Mar 11, 2025 9:43am
I hit the market order entry late because I had a Ninjatrader windo open and that caused my first market order attempt to be rejected. As a result, I recived a more favorable order than I would have had I entered the moment the signal presented. However, as you will see when I post the live recording, I used the 10 point profit target measured from where I should have entered rather than where I did enter. As a result, my profit on this first MeBob trade of the day was +17.75 points.
Life itself is a privilege, but to live life to the fullest is a choice
  • #96
  • Mar 11, 2025 9:49am Mar 11, 2025 9:49am
Quoting MachineLearn
Good morning traders. I feel like we're due for some choppiness around the MEBOB today. How well do you handle back to back losses? Does your management help combat these kind of days?
The whole thrust behind the Mark Douglas exercise and using a mechancial strategy such as MeBob is that you are learning to follow a process, and you simply accept the losing streaks as readily as you accept the losing streaks.

When you said "I feel like we're due for ..." you must understand that that is a feeling particular to you. The market doesn't even know you exist, much less care how you feel.

It is a form of the gambler's fallacy. "It has come up red 13 times in row. I feel black is due to come up now!"

Beware of such thinking.

You cannot take credit for the losses, and so long as you follow the rules, you may take no blame for the losses.

Your job is to follow a process, not produce specific individual and independent results.
Life itself is a privilege, but to live life to the fullest is a choice
  • #97
  • Mar 11, 2025 9:53am Mar 11, 2025 9:53am
A good start for Mebob ( if i have drawn line correctly. Note meBob bar is wider but one quickly gained a decent 10 points plus?
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every Saint has a past. Every Sinner has a Future
  • #98
  • Mar 11, 2025 9:54am Mar 11, 2025 9:54am
Quoting vidvad
{quote} The whole thrust behind the Mark Douglas exercise and using a mechancial strategy such as MeBob is that you are learning to follow a process, and you simply accept the losing streaks as readily as you accept the losing streaks. When you said "I feel like we're due for ..." you must understand that that is a feeling particular to you. The market doesn't even know you exist, much less care how you feel. It is a form of the gambler's fallacy. "It has come up red 13 times in row. I feel black is due to come up now!" Beware of such thinking....
Well said! These thoughts come early in system progression because the trust isn't there yet. Not productive. Thanks for keeping me on track.
  • #99
  • Mar 11, 2025 9:55am Mar 11, 2025 9:55am
Quoting vidvad
I hit the market order entry late because I had a Ninjatrader windo open and that caused my first market order attempt to be rejected. As a result, I recived a more favorable order than I would have had I entered the moment the signal presented. However, as you will see when I post the live recording, I used the 10 point profit target measured from where I should have entered rather than where I did enter. As a result, my profit on this first MeBob trade of the day was +17.75 points.
My MeBob today

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Life itself is a privilege, but to live life to the fullest is a choice
  • #100
  • Mar 11, 2025 9:59am Mar 11, 2025 9:59am
Today's Live trade video

Inserted Video
Life itself is a privilege, but to live life to the fullest is a choice
5 traders viewing now