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The PriceBob Strategy

  • #261
  • Mar 17, 2025 1:04pm Mar 17, 2025 1:04pm
Quoting bluesteele
{quote} My epiphany came about from following Vidvad and his progression to Mebob. Am I trading Mebob...nope... But what I am trading is something highly similar, A 5 min OR breakout.
I'd welcome you sharing what you are doing with the 5 min OR breakout here, blue. May very well be a nice pairing with MeBob.
Life itself is a privilege, but to live life to the fullest is a choice
  • #262
  • Mar 17, 2025 3:01pm Mar 17, 2025 3:01pm
Quoting vidvad
{quote} I'd welcome you sharing what you are doing with the 5 min OR breakout here, blue. May very well be a nice pairing with MeBob.
Happy to share as always..
Currently spending the day watching/listening to Al Brooks... I had forgotten his story... Amazing guy.

Cheers
Master your Mind,,,Master the Market
  • #263
  • Mar 17, 2025 3:38pm Mar 17, 2025 3:38pm
Nightly PriceBob review video. As of today, I begin the process of incorporating Al Brooks price action concepts into the MeBob trading plan. Did my best to keep it short and sweet and to the point.

Inserted Video
Life itself is a privilege, but to live life to the fullest is a choice
  • #264
  • Mar 17, 2025 4:00pm Mar 17, 2025 4:00pm
Quoting mrdfx
It will work for indices like S&P, etc. If you guys are interested I can share it, it's quite useful to get an alert when there is a valid trade signal so we don't miss it.
I don't have any objection to sharing such an indicator here. I would like us to stay away from the EA/bot rabbit hole. This thread is for active readers of price action. But I have no objection to indicators that draw or alert to MeBob levels.
Life itself is a privilege, but to live life to the fullest is a choice
  • #265
  • Mar 17, 2025 4:02pm Mar 17, 2025 4:02pm
Quoting bluesteele
Two nice o i i reversals... Last one off of settlement... Interested to see Vidvads take on this ! Edit: guess I need glasses that last bar was a tick below previous...hmmm
Remember what Al Brooks says: "If price action looks like a pattern, it will tend to behave as that pattern even if it is not perfect."

Also from Brooks: If you are waiting for perfect signal bars and perfect patterns, you'll be waiting a long time and doing very little trading.
Life itself is a privilege, but to live life to the fullest is a choice
  • #266
  • Mar 17, 2025 4:06pm Mar 17, 2025 4:06pm
I traded and did the review on the March 2025 ES contract. Starting tomorrow I will be trading the June 2025 contract. There will likely be subtle differences between the two so be aware that if you are still on the March contract, then your charts may vary from mine in certain respects starting tomorrow.
Life itself is a privilege, but to live life to the fullest is a choice
  • #267
  • Mar 17, 2025 4:25pm Mar 17, 2025 4:25pm
Quoting vidvad
{quote} Remember what Al Brooks says: "If price action looks like a pattern, it will tend to behave as that pattern even if it is not perfect." Also from Brooks: If you are waiting for perfect signal bars and perfect patterns, you'll be waiting a long time and doing very little trading.
When I was trading that today I took the 1130-1140 oii as textbook I did not see the one tick below...just call me Mr Magoo !

Was a good day I followed my rules/ process to the tee. And that means more to me than anything. Will get into what I'm doing in the next bit here... An interesting post or X by Linda Raschke today...and very much in alignment with trading today.

Nothing new under the sun as they say... Volatility comes and goes but the basics remain the same... As Al Brooks says the markets are nothing but a representation of rational human behaviour.
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Master your Mind,,,Master the Market
  • #268
  • Mar 17, 2025 4:53pm Mar 17, 2025 4:53pm
Quoting bluesteele
{quote}Was a good day I followed my rules/ process to the tee. And that means more to me than anything.


Process over profits!

Life itself is a privilege, but to live life to the fullest is a choice
  • #269
  • Mar 17, 2025 5:04pm Mar 17, 2025 5:04pm
Here is an article from Futures Magazine that was titled "Five Minutes to Fame in the E-mini" by Al Brooks from May 2008.
Attached File(s)
File Type: pdf Five Minutes to Fame in the E-mini.pdf   2.3 MB | 457 downloads
Life itself is a privilege, but to live life to the fullest is a choice
  • #270
  • Mar 17, 2025 6:23pm Mar 17, 2025 6:23pm
Quoting bluesteele
{quote} Your very Welcome Vidvad and here's one more thing... Was going to post this later but why wait... My announcement to the trading world LESS IS MORE............. This is where I am at...Late 50s and wanting to simplify my life in many ways. Something I have been working towards for a number of years for many reasons and moreso of late with some health BS.... I’ve traded stocks, futures/commodities, options, forex, cfds etc over decades. I am done with them all. I have made the decision this weekend to scale...
Liberating!
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I've just done the same. I have two templates remaining:
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And for trading:

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ES RTH has long been my first love and she has over the years caused me both pleasure and pain. I've long loved her but she has played hard to get for a long, long time.

The NQ has been good to me, especially as I emerged from the cocoon into the light of the roulette epiphany.

I feel I am now ready to return to the ES. PriceBob: The use of basic five minute price action set ups and the MeBob reference bar.

Your post has been an inspiration blue.
Life itself is a privilege, but to live life to the fullest is a choice
  • #271
  • Mar 17, 2025 9:20pm Mar 17, 2025 9:20pm
Quoting vidvad
{quote} Liberating! {image} I've just done the same. I have two templates remaining: {image} And for trading: {image} ES RTH has long been my first love and she has over the years caused me both pleasure and pain. I've long loved her but she has played hard to get for a long, long time. The NQ has been good to me, especially as I emerged from the cocoon into the light of the roulette epiphany. I feel I am now ready to return to the ES. PriceBob: The use of basic five minute price action set ups and the MeBob reference bar. Your post has been an...
Liberating is the word !
We all have something to learn from each other...and this can be an excellent platform for that learning and inspiring one another,,,
Ive said countless times over the years and on the Flying Dutchman thread .. If I can help one person I am happy....and the truth is
the more we help others,,the more it helps us.. Im a firm believer in that.... and Lord knows I have alot to learn myself.

1% better every day...Thanks Stacey

Appreciate the thread Vidvad and your tremendous amount of work doing the videos etc Top Notch Sir ! ! !

Cheers All
Master your Mind,,,Master the Market
  • #272
  • Mar 18, 2025 8:01am Mar 18, 2025 8:01am
I recorded today's live trading from the open through two losing MeBob trades. Or so I thought. As I wrapped up the session comments, I went to stop the recording only to discover that though I clicked "start recording" the software did not start.

+10 points on the five minute opening range break (thanks, bluesteele!)
-4.5 on MeBob short (price action stop)
-7.5 on MeBob long (price action stop)

-$114.04 for the day

I'll do a MeBob review video this eveing
Life itself is a privilege, but to live life to the fullest is a choice
  • #273
  • Mar 18, 2025 8:16am Mar 18, 2025 8:16am
Quoting vidvad
I recorded today's live trading from the open through two losing MeBob trades. Or so I thought. As I wrapped up the session comments, I went to stop the recording only to discover that though I clicked "start recording" the software did not start. +10 points on the five minute opening range break (thanks, bluesteele!) -4.5 on MeBob short (price action stop) -7.5 on MeBob long (price action stop) -$114.04 for the day I'll do a MeBob review video this eveing
Good stuff Vidvad ..Heres some charts from today 5min OR happy with myself for following rules process to the teee and flawless execution.
Another chart just highlighting the OR etc...and the 8ema channel which I use to gauge momentum and for other purposes.
Last a chart showing Just MEbob and my 5m OR..

Have a few appts to take care of and will fill in some details abit later

Cheers
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Master your Mind,,,Master the Market
  • #274
  • Mar 18, 2025 8:20am Mar 18, 2025 8:20am
I wonder if the five minute OR break tests out better than MeBob over time?
Life itself is a privilege, but to live life to the fullest is a choice
  • #275
  • Mar 18, 2025 8:30am Mar 18, 2025 8:30am
2 losses today, I will follow your entries from the 09:30 candle breakout (OR). I will also look for 10 points once I get the break.

Thank you bluesteele and vidvad for sharing your knowledge
  • #276
  • Mar 18, 2025 8:52am Mar 18, 2025 8:52am
Quoting vidvad
I wonder if the five minute OR break tests out better than MeBob over time?
The only way I have ever tested anything.. is by going through the historical charts on the 5 minute bar by bar.. my last test was three or four years of the ES testing the 1hr initial balance with a close outside of that IB and the probabilities of rage expansion from there..

As for the OR.. I do know of some that use the 5 minutes successfully.. I have used the 15 minute OR successfully. And the old pit traders use the 30 second OR..

As we all know it's more likely just a matter of trade management risk etc...

I will be sitting down at some point this week and going through the charts post-covid. .. but I just do it the old fashioned way pen and paper and day by day through the years.. lol...

You know I started out paper trading as a kid maybe 13 14 years old I don't recall.. and I would draw line charts every day with the closes out of the newspaper.. and I still do things the same way... In my opinion yes it would be a heck of a lot faster for somebody just to code that pop out the data...

For me I get to see visually all of those charts the nuances and I believe that's part of my Edge.

I do like the me Bob because I believe there is something to the 10:00 rotation. Again maybe it's got something to do with the 30 minute opening range.. or simply it's a rotation of the one hour and 4 hour time frames..

I'm like an old dog on a bone I will go through the data of both at some point relatively soon..

The reason I am using the 5-minute OR I've seen thousands of equity opens... So no I don't have the data at this point I just have the muscle memory so to speak...

Rambling Blue
Master your Mind,,,Master the Market
  • #277
  • Mar 18, 2025 10:01am Mar 18, 2025 10:01am
Quoting vidvad
I wonder if the five minute OR break tests out better than MeBob over time?
I trade some of the largest volatility stocks (TSLA, NVDIA etc) on the 5 min open breakout with good results. Check it out.

PC
Less is more...
  • #278
  • Mar 18, 2025 10:30am Mar 18, 2025 10:30am
Quoting vidvad
{quote} Excellent work, Andy. I have a personal belief that most retail traders like us do not use spreadsheets to collect and collate data nearly as much as we should. I've had some of my biggest break throughs doing just what you are doing here. As you know, the way I'd trade it is to take a fixed profit target, bank it, and move on wait for the next set up. If you are looking for ways to trail, go back and track a trailing stop, kept 1 or 2 ticks above the high/low of closed five minute bars. Then I'd look at 1r and 2r and 3r targets. And I would...
Thanks for the input, much appreciated. I'll try fixed target, repeat the same method, follow the rule. Lots to learn from this thread. Thank you all for contributions and links of videos/ pdfs. Your daily videos @vidvad are a great learning source.
  • #279
  • Mar 18, 2025 10:31am Mar 18, 2025 10:31am
As mentioned before I am looking at UK and US Mebobs on the SP500 ( keeps it simple and only one data feed to pay for the Futures - if I tried dax as well that would be extra cost for dax feed) Seems UK was okay and US mebob was not so good today. Putting twenty of these pages together going forward.
Blue - I can also look at 5 min OR breakout on same charts - why do you torment me with more homework
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every Saint has a past. Every Sinner has a Future
  • #280
  • Mar 18, 2025 11:24am Mar 18, 2025 11:24am
Quoting pipcruiser
{quote} I trade some of the largest volatility stocks (TSLA, NVDIA etc) on the 5 min open breakout with good results. Check it out. PC
Interesting, thanks for sharing. Do you trade them in the same way as the MEBOB method, ie enter on confirmed closed bar that breaks the 5min candle?
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