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MePip 5M ORB Trading

  • #41
  • Mar 24, 2025 9:39am Mar 24, 2025 9:39am
Quoting kedridder
{quote} Not quite the same today. On NQ, this strategy failed, got whipped. On YM and ES, it works
Really ?
every Saint has a past. Every Sinner has a Future
  • #42
  • Mar 24, 2025 9:40am Mar 24, 2025 9:40am
Hey PC, from your experience, regarding your filter that aborts entries that are too close the the opening price, how close is too close? Is it a percentage or stock specific point value?
  • #43
  • Mar 24, 2025 10:29am Mar 24, 2025 10:29am
Quoting Andy1trades
Hey PC, from your experience, regarding your filter that aborts entries that are too close the the opening price, how close is too close? Is it a percentage or stock specific point value?
Depending on stock ATR100 X 1 or two.

PC
Less is more...
  • #44
  • Mar 25, 2025 1:18am Mar 25, 2025 1:18am
Hi PC,

Since you only trade 1 stock a day, how do you determine which stock to take when you have more than 5 stocks on your watchlist?
  • #45
  • Mar 25, 2025 1:24am Mar 25, 2025 1:24am
Quoting pipcruiser
{quote} My filter is ATR x 5, if over no trade (or adjsut TP/SL before when I was trading manually) PC
Could you share more on this? I hardly use indicator so i dont really understand what it means by ATR x5
  • #46
  • Mar 25, 2025 1:54am Mar 25, 2025 1:54am
Quoting yumnyap
{quote} Could you share more on this? I hardly use indicator so i dont really understand what it means by ATR x5
Hi, I trade 5-10 stocks per day. Re. ATR if say ATR 100 is 1 point, ATR 100 X5 is 5 points

PC
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  • #47
  • Mar 25, 2025 11:01am Mar 25, 2025 11:01am
Quoting BWilliam
Driven wrote long time ago, it's the edge that's the most important.
Of course it is. People drone on about psychology and discipline and awareness and meditation and some 20 other irrelevant topics, and none of them will save you if you don't have simple, cold, hard, mathematically provable positive expectancy.

Pack up all your psych empowerment, positive winner attitude, peyote dream walk induced superpowers and go beat a roulette wheel. How did you do?

Tarding (not a spelling mistake) is a field where the sheep get sheared so close most of them freeze to death before they ever get anywhere near grazing land.
  • #48
  • Edited 11:34am Mar 25, 2025 11:16am | Edited 11:34am
Today ORB is dedicated towards good trading associate of mine from FF, Rocky. Rocky, RIP.

MePip is still ongoing, as you see I had to withstand plenty of MinFuck(Fear and Greed). I am displaying Mindfuck areas.

95% of the traders would already be out of this trade. I am working my trading plan and it is statistically viable.

Beautiful MM and controlling MindFuck is the key to success.

(10 min later) Took + 125 points in Profits,
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  • #49
  • Mar 25, 2025 11:16am Mar 25, 2025 11:16am
Quoting Schinken
{quote} Of course it is. People drone on about psychology and discipline and awareness and meditation and some 20 other irrelevant topics, and none of them will save you if you don't have simple, cold, hard, mathematically provable positive expectancy. Pack up all your psych empowerment, positive winner attitude, peyote dream walk induced superpowers and go beat a roulette wheel. How did you do? Tarding (not a spelling mistake) is a field where the sheep get sheared so close most of them freeze to death before they ever get anywhere near grazing...
I have been edging all week now, but I am still unprofitable.. just horny /s
  • #50
  • Mar 25, 2025 11:19am Mar 25, 2025 11:19am
Quoting Schinken
{quote} Of course it is. People drone on about psychology and discipline and awareness and meditation and some 20 other irrelevant topics, and none of them will save you if you don't have simple, cold, hard, mathematically provable positive expectancy. Pack up all your psych empowerment, positive winner attitude, peyote dream walk induced superpowers and go beat a roulette wheel. How did you do? Tarding (not a spelling mistake) is a field where the sheep get sheared so close most of them freeze to death before they ever get anywhere near grazing...
Lovely post.

But if you dont have the discipline, you fck up your edge eventually. Key is to have both.

PC
Less is more...
  • #51
  • Mar 25, 2025 12:14pm Mar 25, 2025 12:14pm
Quoting driven18
Today ORB is dedicated towards good trading associate of mine from FF, Rocky. Rocky, RIP. MePip is still ongoing, as you see I had to withstand plenty of MinFuck(Fear and Greed). I am displaying Mindfuck areas. 95% of the traders would already be out of this trade. I am working my trading plan and it is statistically viable. Beautiful MM and controlling MindFuck is the key to success. (10 min later) Took + 125 points in Profits, {image}
Second account..took +130..it was a looooong day, trade lasted almost 6 hours. Thank you PipCruiser and Mr. Market.
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  • #52
  • Edited 7:23am Mar 27, 2025 7:01am | Edited 7:23am
At times when ORB is too large for human consumption, like today, common sense will prevail..meaning "Grab All You can and GTFO", +70

It is not per my trading plan, but it is an exception to the plan for reasons of what I consider very unusual volatility on the short side, happens 3-4 times a year.
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  • #53
  • Edited 11:18am Mar 29, 2025 9:41am | Edited 11:18am
This is how MePip looked this week, if I traded based on my statistically significant trade plan.

Although I used statistically proper MM and controlled Mindfuck(Fear and Greed) pretty well, I did interrupt trading plan for 2 trades this week on what I deem to be a very rare volatility signals, therefore my actual results are different then my own plan, i.e. they are worse, not by much, but worse. My trading plan was better than my trading. Market is always right.

Trading Plan +6%, Personal Profit +4.5%.


PS. pipcruiser, I send you a DM.
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  • #54
  • Mar 30, 2025 12:43am Mar 30, 2025 12:43am
Quoting pipcruiser
{quote} My filter is ATR x 5, if over no trade (or adjsut TP/SL before when I was trading manually) PC
Hi PC, after looking more at this strategy, why do you set it up on the 1min chart when you could just reference the 5min chart for the BO?
  • #55
  • Mar 30, 2025 1:50pm Mar 30, 2025 1:50pm
Quoting Andy1trades
{quote} Hi PC, after looking more at this strategy, why do you set it up on the 1min chart when you could just reference the 5min chart for the BO?
Hi there,

A) I use a bot and I (the bot) dont wait for candle closes under/over first 5 min. OR.

B) Visually I like to see each candle on 1 min timeframe.

PC
Less is more...
  • #56
  • Apr 2, 2025 8:44am Apr 2, 2025 8:44am
Tempting to take profits, but I leave it to the bot to do its job..
Trades are closed 2 PM NY time, if not SL or TP yet.

PC
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  • #57
  • Apr 2, 2025 8:59am Apr 2, 2025 8:59am
Quoting pipcruiser
Tempting to take profits, but I leave it to the bot to do its job.. Trades are closed 2 PM NY time, if not SL or TP yet. PC {image}
Banger of a trade pipcruiser!!
Master your Mind,,,Master the Market
  • #58
  • Apr 2, 2025 9:07am Apr 2, 2025 9:07am
Quoting bluesteele
{quote} Banger of a trade pipcruiser!!
Cheers, last Wednesday was a homerun 15 R on two contracts... happy days.

PC
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  • #59
  • Apr 2, 2025 9:13am Apr 2, 2025 9:13am
Quoting pipcruiser
{quote} Cheers, last Wednesday was a homerun 15 R on two contracts... happy days. PC {image}
Well done... The 2:00 p.m. close the trades down got my attention. Any particular reason that you want to share why 2:00 p.m.?

Cheers
Master your Mind,,,Master the Market
  • #60
  • Apr 2, 2025 9:18am Apr 2, 2025 9:18am
Quoting bluesteele
{quote} Well done... The 2:00 p.m. close the trades down got my attention. Any particular reason that you want to share why 2:00 p.m.? Cheers
Hi Bluesteele, (was about to write hi BS but that looked wrong )

Main reason is that I dont want any overnight exposure. I want to be flat with no risk.

And 2 PM is the time my backtesting suggested was a good time to close.

PC
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