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The PriceBob Strategy

  • #121
  • Mar 11, 2025 5:42pm Mar 11, 2025 5:42pm
of course it is not "all you need to know" haha. you never know enough, everyday we learn new stuff. im always open to new ideas
  • #122
  • Mar 11, 2025 5:44pm Mar 11, 2025 5:44pm
Quoting tommy88bgo
{quote} well they are both relative to bar counting. and as it says the 7-8th bar only has a 50/50 probability, but the 18th is close to 90%.
The MeBob being the 8th bar of the NYSE session is really not akin to Al Brooks's bar counting, however. For Brooks, the essence of bar counting is not the statiticala probability that the market has seen either the high or low of the day by a certain bar. The essence of bar counting is to count the market's attempts to reverse back in the direction of a treend. High1, High 2 for longs, Low 1, Low 2 for shorts. Those are set ups.

There is a huge difference between set ups and statistics.

A complete newbie could come upon this thread and very quickly would be able to identify and trade MeBob set ups.

I'm far from a newb, I've studied Brooks's course for years, and still review sections of it with some frequency, and I have no idea what you you're trying to show in terms of set ups when you say you were trading the 18 bar range only.
Life itself is a privilege, but to live life to the fullest is a choice
  • #123
  • Mar 11, 2025 5:47pm Mar 11, 2025 5:47pm
Quoting tommy88bgo
of course it is not "all you need to know" haha. you never know enough, everyday we learn new stuff. im always open to new ideas
More to the point, I do not see how Al's statistics regarding the first 18 bars provides any defined price action set ups. We are concerned with defining rule-based set ups that can be easily communicated to one another.
Life itself is a privilege, but to live life to the fullest is a choice
  • #124
  • Mar 11, 2025 5:48pm Mar 11, 2025 5:48pm
Quoting MachineLearn
{quote} It was a valid signal and don't think a rule is necessary. If your trading experience/skill/intuition can help you filter trades than power to you. You as a trader can carve some extra edge out of any system you use. However, I don't think we should start over fitting rules for every single market behavior. Chalk it up to experience, and as long as others stick to the rules they should be profitable with or without that experience, albeit maybe a little less.

That helps a lot, Machine, thank you for taking the time to post that to the thread. Much appreciated!
Life itself is a privilege, but to live life to the fullest is a choice
  • #125
  • Mar 11, 2025 5:53pm Mar 11, 2025 5:53pm
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Life itself is a privilege, but to live life to the fullest is a choice
  • #127
  • Mar 11, 2025 5:56pm Mar 11, 2025 5:56pm
Quoting tommy88bgo
{quote} well they are both relative to bar counting. and as it says the 7-8th bar only has a 50/50 probability, but the 18th is close to 90%. Now, you can trade inside the range just as well, but if it succesfully breaks out to either side it often turns into a measured move. If not, you can always trade inside the range. Also i have looked at a few different charts, and a one bar range is kinda impractical ain't it ? the 18 bar range is proven to be effective, i mean look at my results for today trading 2 x $50k combines from topstep, almost $2500...

https://www.forexfactory.com/thread/...8#post15171648

Hi Tommy,
Many of us here are well aware of Al Brooks and the 18 bar probabilitys.

Sort of Apples and Oranges tho.
We all know there are many ways to trade the markets and my suggestion is always this if it's working for you...keep on doing it ! Congrats...

But never discount others knowledge and experience as there is always something to learn from everyone

Btw personally I love roadmap I've traded it for years as well as Al Brooks PA methods. I've developed an extensive playbook around those....

but.....
VidVad has shared some excellent material here.. and a wise trader, whether new , seasoned, profitable or not ..No matter where you are on the trading journey...they would be savvy to pay attention to the finer details being shared... This is not only about the 8th bar....much much more is in play

Thanks for your contribution and congrats on your Topstep account. keep up the good trading !

Cheers
Blue
Master your Mind,,,Master the Market
  • #128
  • Edited 6:24pm Mar 11, 2025 6:03pm | Edited 6:24pm
Quoting bluesteele
{quote} https://www.forexfactory.com/thread/...8#post15171648 Hi Tommy, Many of us here are well aware of Al Brooks and the 18 bar probabilitys. Sort of Apples and Oranges tho. We all know there are many ways to trade the markets and my suggestion is always this if it's working for you...keep on doing it ! Congrats... But never discount others knowledge and experience as there is always something to learn from everyone Btw personally I love roadmap I've traded it for years as well as Al Brooks PA methods. I've developed...
I didn't mean to bash the 8th bar, sorry if it came off like that. I might have misunderstood with a few of the posts i read (just scrolling thru fast, mind you) and i think it was a discussion about backtesting it and how it was no point in doing any further, and i might have assumed something by there, and jumped to conclusions.

Please forgive me.

Fistbumps and hugs ?

EDIT: Oh and i don't only trade the 18 bar range, i have many different tricks up my sleeve for different market situations, but the 18 bar range has proven, to me at least, to be very effective. I treat it just like a range, or a range BO. Those are all the rules i need, and some sort of confirmation, but im honestly very much a intuitive trader, i assess the price action relatively quick when i do, i know what to look for, i use roadmap very much to asses the direction of momentum, and i use different patterns to give me hints to the direction, but i have made a choice myself to NOT rely on too many rules, cause to me, it has been more of an issue rather than help with too many rules, but i always assess pro's and cons and find anything that might signal me otherwise, or hopefully just confirm my initial idea. and aside from that i often apply volume profiles, but mostly when i see large ranges at a likely top or bottom to easier help me catch the break out
  • #129
  • Mar 11, 2025 6:20pm Mar 11, 2025 6:20pm
Quoting tommy88bgo
It really doesn't have to be more complicated, does it ?
I'm not sure what you're trying to prove here. I would suggest that you look at the charts you've posted here and ask yourself how in the world, while keeping a straight face, can you imply that mebob is somehow "overcomplicating" things compared to what you've posted?

Look, I appreciate you wishing to contribute here. I think this thread has the potential to change lives. Man, I want everyone to read and participate in this thread. But I'd prefer if we all stayed on the same page rather than trying to post materials that seem to serve no purpose other than to draw attention to the one posting it. We had the same thing happen last night. I don't know what it is about FF that makes people want to insert non sequiturial tangents everywhere lol.

I'd suggest you start a thread to explore and promote your ideas if you'd like. But it is rather uncouth to drop them as you have in a thread of this sort in an attempt to usurp the direction of the thread.

I mean no ill will toward you. And again, I appreciate any and all participation here as it relates to the stated intent and subject matter of the thread. But I have to respond like this or else it will confuse the thread, confuse less experienced FF members, and lay waste to the efforts put into thus far. I know you didn't mean any harm. And again, I hold no ill will.

If you wish to contribute specifically Brooks material, then I suggest you wait until we get there.

Right now, "all you need to know" is found in post #1 and post #2 of this thread.
Life itself is a privilege, but to live life to the fullest is a choice
  • #130
  • Mar 11, 2025 6:23pm Mar 11, 2025 6:23pm
Quoting tommy88bgo
{quote} I might have misunderstood with a few of the posts i read (just scrolling thru fast, mind you) and i think it was a discussion about backtesting it and how it was no point in doing any further
Well, that explains a lot lol. That back testing discussion introduced a bunch of garbage into the thread last night. And you know what they say, "garbage in, garbage out."

Peace to you, and I hope you stick around and contribute once you familiarize yourself with our stated focus.

Good trading to you!
Life itself is a privilege, but to live life to the fullest is a choice
  • #131
  • Mar 11, 2025 6:28pm Mar 11, 2025 6:28pm
Quoting vidvad
{quote} Well, that explains a lot lol. That back testing discussion introduced a bunch of garbage into the thread last night. And you know what they say, "garbage in, garbage out." Peace to you, and I hope you stick around and contribute once you familiarize yourself with our stated focus. Good trading to you!
haha yuea like i said, i meant no ill will, really haha. im a good guy, i was really just trying to contribute or help to what i misunderstood as negative critique LOL... honestly im a bit foggy in my head tonight from watching charts all day hahah
  • #132
  • Mar 11, 2025 6:29pm Mar 11, 2025 6:29pm
Quoting bluesteele
{quote} a wise trader, whether new , seasoned, profitable or not ..No matter where you are on the trading journey...they would be savvy to pay attention to the finer details being shared... This is not only about the 8th bar....much much more is in play
So much more.

Old school.

All the cool kids will be doing it!
Life itself is a privilege, but to live life to the fullest is a choice
  • #133
  • Mar 11, 2025 6:33pm Mar 11, 2025 6:33pm
Quoting vidvad
{quote} So much more. Old school. All the cool kids will be doing it!
Alright then, im gonna try and read through more of it tomorrow, maybe get some inspiration. Always looking for a new edge hehe

And yes you are so right, i was really being ignorant here when i entered the discussion like that, seeing as i had not gone through the details enough, and that was a bad move on my part, and arrogant, so i guess i'll just have to get chin checked and gtfo on outta here before that 8th bar marks to bottom of something other then a trend
  • #134
  • Mar 11, 2025 6:36pm Mar 11, 2025 6:36pm
Quoting tommy88bgo
{quote} haha yuea like i said, i meant no ill will, really haha. im a good guy, i was really just trying to contribute or help to what i misunderstood as negative critique LOL... honestly im a bit foggy in my head tonight from watching charts all day hahah
You and me? We're good

What your posts tonight did show me was that as much as I hate to have to do it, I went back and gave the thumbs down to those backtesting posts in the hope that hiding them will minimize their future detriment to the thread.

Look forward to your input going forward.
Life itself is a privilege, but to live life to the fullest is a choice
  • #135
  • Mar 11, 2025 6:40pm Mar 11, 2025 6:40pm
I don't want this to get lost given how many posts were just added to the thread. After the video in post #1, the rules in post #2, these nightly review videos are most important to helping get up to speed with the thread, imo

Inserted Video
Life itself is a privilege, but to live life to the fullest is a choice
  • #136
  • Mar 11, 2025 6:47pm Mar 11, 2025 6:47pm
Quoting vidvad
I don't want this to get lost given how many posts were just added to the thread. After the video in post #1, the rules in post #2, these nightly review videos are most important to helping get up to speed with the thread, imo https://youtu.be/wSDxrdNXNd8
I only watched til into almost 5 mins of it now, and it looks really interesting, but im dead tired now, so i'll watch it tomorrow. Good Night all

Subbed
  • #137
  • Mar 11, 2025 7:53pm Mar 11, 2025 7:53pm
Hi Vidvad...thanks for taking the time to make the video. It was very helpful in understanding the Mebob strategy. Take care.
  • #138
  • Mar 12, 2025 7:20am Mar 12, 2025 7:20am
Quoting tommy88bgo
{quote} well they are both relative to bar counting. and as it says the 7-8th bar only has a 50/50 probability, but the 18th is close to 90%. Now, you can trade inside the range just as well, but if it succesfully breaks out to either side it often turns into a measured move. If not, you can always trade inside the range. Also i have looked at a few different charts, and a one bar range is kinda impractical ain't it ? the 18 bar range is proven to be effective, i mean look at my results for today trading 2 x $50k combines from topstep, almost $2500...
If one only trades the first two and a half hours after the open I could spend one and a half watching?
Nothing wrong with that.
every Saint has a past. Every Sinner has a Future
  • #139
  • Mar 12, 2025 8:16am Mar 12, 2025 8:16am
Good Morning. It is Wednesday March 12, 2025.
If you haven't taken the time to watch the videos and if you do not understand the rules of MeBob that define the set ups, please do not post charts and trading commentary to this thread. The central theme of this thread is the MeBob method found in post #2. If you are posting charts and trade commentary that is not MeBob compliant, please take it to a trading discussion thread elsewhere at Forex Factory. This is a systems thread dedicated to a specific system.

Here is the introduction to the rules of MeBob:

1. You trade it on the SP500 Index.
2. You use a 5-min chart.
3. You only use it during Regular trading hours only (09:30am – 16:00pm Eastern Standard time).


A more detailed explanation follows below:
1. The US stock market index opens at 09:30am New York local time.
2. The 5-min reference bar to wait for is the 10:05am–10:10am bar.
3. This is the 8th 5min bar into the regular trading session.
4. Observe the high and the low of the reference bar.
5. Draw a horizontal line through the high of the reference bar.
6. Draw a horizontal line through the low of the reference bar.
7. If the SP500 closes above the high of the reference bar “highest line”, it is a BUY signal.
8. If the SP500 closes below the low of the reference bar “lowest line”, it is a SELL SHORT signal.
9. The stop loss is placed either at the most recent swing or above/below the reference bar. It is a simple method.



Those are the rules we are working with as of today, 03/12/2025. If you are going to post any other type of trading method, system, or set up that is not MeBob compliant, check yourself, and find a more appropriate FF thread for your post.

If you are a new to this thread, OR if you are a newer trader OR if you are a veteran trader who is struggling with consistency, perhaps you are fighting the demons of FOMO and over trading, then watch this video:

Inserted Video


And then watch this video:

Inserted Video
Life itself is a privilege, but to live life to the fullest is a choice
  • #140
  • Mar 12, 2025 9:28am Mar 12, 2025 9:28am
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Master your Mind,,,Master the Market
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