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The PriceBob Strategy

  • #421
  • Mar 28, 2025 9:24am Mar 28, 2025 9:24am
A loss and a win today, following the TP of the same ORB range, I looked for a bit more points on the reversal as I did not find a major reversal point
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Have a great weekend, greetings to all
  • #422
  • Mar 28, 2025 9:24am Mar 28, 2025 9:24am
I wasn't going to record today but hit record at the tail end of the mebob short. I've been using 6.25 ES points as a take profit the past few days. If range expands once more, I'll be back to 10 points.

Very short video, Machine Learn


Inserted Video
Life itself is a privilege, but to live life to the fullest is a choice
  • #423
  • Mar 28, 2025 9:33am Mar 28, 2025 9:33am
Quoting fream1
A loss and a win today, following the TP of the same ORB range, I looked for a bit more points on the reversal as I did not find a major reversal point{image} Have a great weekend, greetings to all
Thanks for sharing, fream! Love having you here with us!"

Have a great weekend as well!
Life itself is a privilege, but to live life to the fullest is a choice
  • #424
  • Edited 9:56am Mar 28, 2025 9:43am | Edited 9:56am
My 20-day journey. Day 2.

GER40: Moved SL to BE halfway to target. Stopped out at BE+. No appetite for a second attempt for a short trade. (first trade was a fingerslip lol).
SP500: Closed manually after being satisfied with the profit (or getting anxious) when price was going my way.

I sometimes read Fridays are not the best days to trade. Hence my small targets and SL levels, also because I am a conservative trader by nature.

Have a nice weekend.
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  • #425
  • Mar 28, 2025 9:47am Mar 28, 2025 9:47am
Thoughts,,,,
I'm not a fundy guy but I cant be blind to the news... Inflation came out higher this morning..
Intuition tells me...seems bearish,, But no matter what my intuition says I have to trade the chart
not feelings and intuition.

Looking back at the last few weeks ,,going fwd I am scaling down my ORB entries to a single contract.
I have no problem adding into a trade based upon PA...so that's what I will do..

I have been using up to a 15 pt initial stop which is my max comfort level...and I have found it's just
too much with 2 contracts..as it has affected me... Today was 15 pts approx 1.5xATR initial entry.

My strength lies in adding on to winners. So will stick with that and scaling up... Most initial entries
on the ORB will fail and around 1 day a week they wont and take off in one direction... Those I can add
to...

Today initial ORB long stopped out -15 $1500
ORB short +24.5 on 2c +16.25 on the 1c addition $3237.50
Gross $1700ish

Todays chart..observe the levels and PA around them.
MeBob came thru like a shining star !!!!

Congrats to all that took these setups...Execute and manage your trades/manage yourself...

Cheers
Blue
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Master your Mind,,,Master the Market
  • #426
  • Edited 10:36am Mar 28, 2025 9:53am | Edited 10:36am
Quoting turnip15
{quote} As I am in the UK it would be great to see twenty Dax trades from yourself. I am looking at sp500 in UK session and US session to gauge whether one could trade just one instrument in both UK and US markets
hi turnip, I am actually challenged. So, on my way. Currently DAX and US500 only. These time schedules fit right up my lane. 15 minutes in the morning, 15 minutes in the afternoon and I'm all set.
  • #427
  • Mar 28, 2025 9:56am Mar 28, 2025 9:56am
UK morning SP500 Mebob and ORB wrapped together and the US session opensees a Me bob and ORB. Shame this doesn't happen everyday (Day 7 of 20)
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every Saint has a past. Every Sinner has a Future
  • #428
  • Mar 28, 2025 9:58am Mar 28, 2025 9:58am
Quoting BataviaTrade
{quote} hi turnip, I am actually challenged. So, on my way. Currently DAX and US500 only. These time schedules fits right up my lane. 15 minutes in the morning, 15 minutes in the afternoon and I'm all set.
You only trade for 15 minutes
every Saint has a past. Every Sinner has a Future
  • #429
  • Mar 28, 2025 10:01am Mar 28, 2025 10:01am
Just highlighting the basics of the ORB and MEBOB.
Nothing fancy...Execute and manage... KISS principle.

Cheers

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Master your Mind,,,Master the Market
  • #430
  • Mar 28, 2025 10:02am Mar 28, 2025 10:02am
Quoting turnip15
{quote} You only trade for 15 minutes
so far my trades don't last long
  • #431
  • Mar 28, 2025 10:29am Mar 28, 2025 10:29am
Quoting vidvad
I wasn't going to record today but hit record at the tail end of the mebob short. I've been using 6.25 ES points as a take profit the past few days. If range expands once more, I'll be back to 10 points. Very short video, Machine Learn https://youtu.be/ClwIIx3f06s
Now they're too short, can never win with this guy

Good trading!
  • #432
  • Mar 28, 2025 11:35am Mar 28, 2025 11:35am
Quoting bluesteele
Just highlighting the basics of the ORB and MEBOB. Nothing fancy...Execute and manage... KISS principle. Cheers {image}
Hi Blue, thanks for sharing this Info and teachings. Regarding the entries, the entries are on the signal candle close, right. I am asking since PA like today is quite fast and I am entering manually therefor my reaction time is not that fast and I am entering at the candle low.
Also when we see a MEBOB signal candle still inside the 5 Min OR, than I guess we give the MEBOB signal candle the priority regardless of the 5 Min OR?
Finally, when you talk about the 2 PM ( 4 hr ) candle, do we still check, consider the 5 Min OR and MEBOB entry ranges?

Also a big thank to Vidvad for starting this and all the rest of the experienced traders to share the knowledge with the newbies like myself.
Have a great weekend.
Cris.
  • #433
  • Mar 28, 2025 12:17pm Mar 28, 2025 12:17pm
Quoting MachineLearn
{quote} Now they're too short, can never win with this guy Good trading!
Naaaaah, that guy is alright.. although, can be difficult on subs, at times
  • #434
  • Mar 28, 2025 12:37pm Mar 28, 2025 12:37pm
Quoting driven18
{quote} Naaaaah, that guy is alright.. although, can be difficult on subs, at times

I don't know, this thread's OP seems like a nut job to me.

Have a great weekend!
Life itself is a privilege, but to live life to the fullest is a choice
  • #435
  • Mar 28, 2025 12:43pm Mar 28, 2025 12:43pm
The weekend starts here
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every Saint has a past. Every Sinner has a Future
  • #436
  • Mar 28, 2025 12:44pm Mar 28, 2025 12:44pm
Quoting csierravh
{quote} Hi Blue, thanks for sharing this Info and teachings. Regarding the entries, the entries are on the signal candle close, right. I am asking since PA like today is quite fast and I am entering manually therefor my reaction time is not that fast and I am entering at the candle low. Also when we see a MEBOB signal candle still inside the 5 Min OR, than I guess we give the MEBOB signal candle the priority regardless of the 5 Min OR? Finally, when you talk about the 2 PM ( 4 hr ) candle, do we still check, consider the 5 Min OR and MEBOB entry...
Hi Csierra..

Yes the entries are on the close of the signal candle... What I do is I have a clock so I can monitor the last few seconds and either enter or sometimes price may retrace quickly at the last second and then you again wait...

I use a large digital clock...so I can easily see without directly taking my eye of PA... So you really need to be present at the moment and ready to strike right at the close and subsequent open... As the ticks do add up.

If I'm trading the ORB I am going with that signal first and foremost..and will use PA to manage the trade... If Mebob opens and I get an opposite signal then again I am simply using PA to manage. I will take a look thru the charts and see if I can provide an example

As for the 2pm observations... That is not part of Mebob or the ORB,,,,it's simply just a my personal observations... I may post more on that over on the Flying Dutchman thread so as to not distract from this thread.

Stick to a short window...rather than trying to trade a whole session. So as to stay focused as possible

Hope that helps..
Master your Mind,,,Master the Market
  • #437
  • Mar 28, 2025 1:11pm Mar 28, 2025 1:11pm
Quoting bluesteele
{quote} Hi Csierra.. Yes the entries are on the close of the signal candle... What I do is I have a clock so I can monitor the last few seconds and either enter or sometimes price may retrace quickly at the last second and then you again wait... I use a large digital clock...so I can easily see without directly taking my eye of PA... So you really need to be present at the moment and ready to strike right at the close and subsequent open... As the ticks do add up. If I'm trading the ORB I am going with that signal first and foremost..and will use...
Tks a lot for the explanation. It def. helps.
  • #438
  • Mar 28, 2025 3:38pm Mar 28, 2025 3:38pm
Friends, I would like to know if any of you are doing any prop firm challengues. I would like to know what is risk management to be able to evaluate different possibilities and to be able to discuss different ideas, either for MeBob or for ORB, it would help a lot, greetings to all
  • #439
  • Mar 28, 2025 7:14pm Mar 28, 2025 7:14pm
Are you willing to invest in the development of your trading skills... To learn to trade without Fear.

Learn to think in probabilities. When you learn to think in probabilities your fear lessens. ~Mark Douglas

The 20 trade/day exercise from Mark Douglas....

I'm not sure if this is the exact video that VidVad posted early in the thread to his YouTube ? But I think it's the correct topic...perhaps just in a different seminar....

Well worth 30 mins of your time.

Inserted Video
Master your Mind,,,Master the Market
  • #440
  • Mar 29, 2025 1:16am Mar 29, 2025 1:16am
Quoting vidvad
{quote} "Bias" is simply "Filtering" in another guise. This thread's appraoch is NOT to fall for the filtering bull$hit anymore than falling for the mythological 5:1 multibanger day trade bull$hit. All you need to know of the weekly chart is where is price right now relative to last week's high and last week's low. Some will also want to plot last week's close and last week's open. Those are fine too. But there is no bias nor filtering involved. Price is truth. Price action leads. It is in fact the only leading indicator we have access to in our...
Thank You very much Vidvad,

I fully agree with price action being the only proper indicator. Not often price reverses on me like this util these day. Your advise with 20 days of testing trading strategy and trading is magnificent, I certainly will do it.

And I have a question to the bias, I just check what is our situation in comparison to the weekly candle? So if we re lower, than the last candle, we re bearish even if we re going up like on this weekly screen shot ?

Till this day I liked the method when I just create a Market Structure and based on that I get the knowledge if we re bullish or bearish. On the second screen You can see the black lines that represent bullish break, based on that we re in a phase of pullback so it aligns with the understanding I had. Can you aprove these method or You would advise me to use Weekly understanding Based on candles.

p.s.
Price got exactly into equilibrium on H4 market structure I guess it was just not my day.. Gotta check everything in a 20 day trading streak, as you advised me to Vidvad.

Thank you a lot for the answer, Im very happy that I have found that ffactory has forums. it means a lot to be able to exchange ideas with you guys.

Sending all the best energy
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