The PriceBob Strategy | Page 34 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Hybrid System of 3 Successful Traders - Engulfing w/ Pivot & SMA 235 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Trend & Price Action Strategy 0 replies

Brokers who are hybrid (STP & Market Maker) 0 replies

Hybrid Grid System that seems to work 3 replies

Attachments: The PriceBob Strategy
Exit Attachments

The PriceBob Strategy

  • #661
  • Apr 24, 2025 3:29am Apr 24, 2025 3:29am
Mebob worked out well again on FTSE for 10 points this morning
Attached Image (click to enlarge)
Click to Enlarge Name: UK100_2025-04-24_13-58-16.png Size: 28 KB
  • #662
  • Apr 24, 2025 4:15am Apr 24, 2025 4:15am
worked ok on gold also
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-04-24 101417.png Size: 27 KB
  • #663
  • Apr 24, 2025 7:51am Apr 24, 2025 7:51am
Quoting MachineLearn
{quote} Liquidity, volume or whatever you want to call it, theres an obvious measureable increase in activity at NY OPEN. You don't think this activity has any impact on the decision of the reference bar?
I cannot answer for a dead man. But, if I had to make my best guess from what I remember of my brief time in the avidtrader trading room where I was introduced to mebob, I'd say that volume/liquidity were not at all considerations in choosing the reference bar.

I'm not saying that some may be able to construct a method out of such considerations. I do insist that injecting such considerations here introduces unessary complications and confusion to the pricebobbin' approach.

If someone wishes actually to demonstrate one's trading prowess with volume and liquidity as the bases for decision making that would be most welcome. However, it would not be welcome here in this thread, as such a demonstration would be deserving of its own thread.

This thread is the thread where we can finally stop the need to keep scratching our itchy indicator fingers and just trade simply and mechanically for fun and profit.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 226 KB
Life itself is a privilege, but to live life to the fullest is a choice
  • #664
  • Apr 24, 2025 9:27am Apr 24, 2025 9:27am
MeBob strikes again, thank you VidVad!!
  • #665
  • Apr 24, 2025 9:33am Apr 24, 2025 9:33am
Quoting Hugo55
MeBob strikes again, thank you VidVad!!
and bluesteele.
  • #666
  • Apr 24, 2025 9:35am Apr 24, 2025 9:35am
No need to overthink things too much..ya im quite guilty of that myself.

But this has zero to do with liquidity or volume etc etc...

It's simply a mechanical execution method sprinkled with some money mgmt twists
and let the chips fall where they may.

Alot of traders issues are execution...because of uncertainty and a 1000 other reasons..

So keep it simple and just take the setup and forget about all the other BS.

I'm just going to be a bad boy lol and show another chart with a shitload of squigglys.
Point is do I need any of that to execute this trade ..100% no 1000% NO !

Simple execution. IF THIS THEN THAT...Whether its MeBob or the Opening 5min ORB
(BTW MeBob traders I hope you took the MeBob setup ! BOOM )
Now back to trading ,,,I have no reason to get out of this trade thats a whole nother subject.


Cheers
Blue

Simple Execution no deep thinking required...just execution and then manage.

Attached Image (click to enlarge)
Click to Enlarge Name: ESM2025_2025-04-24_07-24-38_baa7a.png Size: 50 KB



Now this one....Do I need any of this to execute ? nope....and please dont ask questions in this thread re this chart.
If your interested in anything on my chart just message me...as dont need to get sidetracked... Im just posting this
to show a contrast.

Attached Image (click to enlarge)
Click to Enlarge Name: ES1!_2025-04-24_07-22-20_4a8f7.png Size: 126 KB
Master your Mind,,,Master the Market
  • #667
  • Apr 24, 2025 9:36am Apr 24, 2025 9:36am
Mebob does the job.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 32 KB
  • #668
  • Apr 24, 2025 9:44am Apr 24, 2025 9:44am
Quoting bluesteele
No need to overthink things too much..ya im quite guilty of that myself. But this has zero to do with liquidity or volume etc etc... It's simply a mechanical execution method sprinkled with some money mgmt twists and let the chips fall where they may. Alot of traders issues are execution...because of uncertainty and a 1000 other reasons.. So keep it simple and just take the setup and forget about all the other BS. I'm just going to be a bad boy lol and show another chart with a shitload of squigglys. Point is do I need any of that to execute this...
You are seeing the light
  • #669
  • Apr 24, 2025 10:28am Apr 24, 2025 10:28am
Quoting bluesteele
No need to overthink things too much..ya im quite guilty of that myself. But this has zero to do with liquidity or volume etc etc... It's simply a mechanical execution method sprinkled with some money mgmt twists and let the chips fall where they may. Alot of traders issues are execution...because of uncertainty and a 1000 other reasons.. So keep it simple and just take the setup and forget about all the other BS. I'm just going to be a bad boy lol and show another chart with a shitload of squigglys. Point is do I need any of that to execute this...
No one has argued that this isn't a mechanically executed method.

Also to vidvads point, no one is suggesting to use any indicators.

The only mention of volume or liquidity from me is that when the developer of the method chose this paticular reference bar, I certainly believe he took into account volatility, volume , liquidity or whatever word you want to call it, during the NY OPEN.

No one knows for certain, and everyone pretending they think know anything for certain is laughable.

I'm done entertaining this mindless argument.
  • #670
  • Apr 24, 2025 10:59am Apr 24, 2025 10:59am
No one's arguing bud .
No one is saying for certain anything re the MeBob bar...
Who cares ? We all know it doesn't really matter why Mr Falk chose it.

Just friendly discourse here

All the best
Blue
Master your Mind,,,Master the Market
  • #671
  • Edited 5:40pm Apr 24, 2025 11:09am | Edited 5:40pm
Quoting bluesteele
No one's arguing bud . No one is saying for certain anything re the MeBob bar... Who cares ? We all know it doesn't really matter why Mr Falk chose it. Just friendly discourse here All the best Blue
You are literally making an argument, very adamantly at that, that "this has ZERO to do with volume or liquidity."

You're not making a light observation, or an open speculation. You're stating your perception of the cold hard truth. This is a basis for an argument.

But all the best to you too, bud.
  • #672
  • Edited Apr 25, 2025 10:55am Apr 24, 2025 11:45am | Edited Apr 25, 2025 10:55am
Meanwhile back at the shop
I am sure that not long ago, pre Trump, many of us would have thought that 5 points ( on the SP500) was a good haul from Mebob?
What do you think Vid?
Hey Blue - notice your ORB
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2025-04-24 at 17.39.59.png Size: 227 KB
every Saint has a past. Every Sinner has a Future
  • #673
  • Apr 24, 2025 12:38pm Apr 24, 2025 12:38pm
Quoting MachineLearn
{quote} You are literally making an argument, very adamantly at that, that "this has ZERO to do with volume or liquidity." You're not making a light observation, or an open speculation. You're staying your perception of the cold hard truth. This is a basis for an argument. But all the best to you too, bud.
Point taken ..but you have misunderstood my post..

Yes 5min ORB and MeBob has zero to do with volume and or liquidity or anything else.

It's about execution.. that's the point.

Cheers
Blue
Master your Mind,,,Master the Market
  • #674
  • Apr 24, 2025 4:48pm Apr 24, 2025 4:48pm
Quoting MachineLearn
{quote} No one has argued that this isn't a mechanically executed method. Also to vidvads point, no one is suggesting to use any indicators. The only mention of volume or liquidity from me is that when the developer of the method chose this paticular reference bar, I certainly believe he took into account volatility, volume , liquidity or whatever word you want to call it, during the NY OPEN. No one knows for certain, and everyone pretending they think know anything for certain is laughable. I'm done entertaining this mindless argument.
Chillax, ML, we're all friends here

No one knows for sure why Mr Falk selected the bar he did. It was originally intended as a trend following method. I would think that the main reason for choosing this particular bar is simply that 20+ years ago the S&P was more likely to have trend days than it has now. Often these trends would breakout around the 10:00 AM close of the M30 OR. By waiting for a close beyond the 10:05-10:10 bar range, you were probably more likely to avoid an initial failed first break and reversal.

I know it isn't possible to know for sure, but I will tell you that back in 2005 and earlier, volume was largely of concern to stock traders. Many brokers didn't even have globex available premarket, so the "volume and volatility" of the NY session was jst a given as that iis when everybody traded. Few would have thought to day trade before the opening bell.

I do believe that edges related to volume are likely overstated when it comes to trading futures. Honestly, read the book Flash Crash. One of the key elements is that volume was good on the ladder for trading for ticks, not points; and as early as 2008-9, the HFT's and Algos and traders in the style of "The Flipper" had all but destroyed even that edge. That is why spoofing took hold: Volume was and resting order data was so unreleiable that large participants could take advanatage of that unreliability by faking their orders.

I'm all eyes when it comes to someone actually showing live market conditions how one can use volume and this mysteriour "liquidity" as an edge with positive expectation. But all I see is lots of talk, on FF, youtube, twitter and elsewhere. Yet there is no one able to put up.

As for mebob, ORB's, etc. this is really about forming the habit of the flawless execution of a mechanical trading plan.

I've read enough FF systems threads to know that the introduction of such esoterica as "liquidity" and volatility as trade variables only leads to confusion, pain, and the abandonment of otherwise sound methods.
Life itself is a privilege, but to live life to the fullest is a choice
  • #675
  • Apr 24, 2025 5:46pm Apr 24, 2025 5:46pm
Quoting vidvad
{quote} Chillax, ML, we're all friends here No one knows for sure why Mr Falk selected the bar he did. It was originally intended as a trend following method. I would think that the main reason for choosing this particular bar is simply that 20+ years ago the S&P was more likely to have trend days than it has now. Often these trends would breakout around the 10:00 AM close of the M30 OR. By waiting for a close beyond the 10:05-10:10 bar range, you were probably more likely to avoid an initial failed first break and reversal. I know...
Friends can argue

Understood, just as I did the whole time. Never once said we should incorporate volume or liquidity into the execution of the system. I never once mentioned anything that even hinted at the idea that anything other than perfect mechanical execution should be studied.

My only point which seems to very hard to grasp for some reason is that volume COULD have been taken into consideration when the creator picked the reference bar
  • #676
  • Apr 24, 2025 5:48pm Apr 24, 2025 5:48pm
Quoting bluesteele
{quote} Point taken ..but you have misunderstood my post.. Yes 5min ORB and MeBob has zero to do with volume and or liquidity or anything else. It's about execution.. that's the point. Cheers Blue
If the creator took into consideration volume when he picked the reference bar, how does volume have zero to do with the system?
  • #677
  • Apr 24, 2025 5:50pm Apr 24, 2025 5:50pm
Quoting MachineLearn
{quote} volume COULD have been taken into consideration when the creator picked the reference bar
Occam's razor would suggest otherwise.

Even if he did, which honestly is very doubtful, it does nothing to further the project here. Many of the people following here do not have you experience or that of driven and others. That is why blue and I are trying to keep it as simple and straightforward as possible.
Life itself is a privilege, but to live life to the fullest is a choice
  • #678
  • Apr 24, 2025 6:43pm Apr 24, 2025 6:43pm
Quoting vidvad
{quote} Occam's razor would suggest otherwise. Even if he did, which honestly is very doubtful, it does nothing to further the project here. Many of the people following here do not have you experience or that of driven and others. That is why blue and I are trying to keep it as simple and straightforward as possible.
It doesn't do anything to further the project here because you won't let it, not because there's inherently no value to derive from it.
  • #679
  • Apr 24, 2025 7:45pm Apr 24, 2025 7:45pm
Easy boys(I think we all boys), there is enough money for everyone who wants to play with "liquidity" or "volume" or "reference bar" or whatever is a flavor of the day.

Mr. Market is generous!
  • #680
  • Apr 24, 2025 9:58pm Apr 24, 2025 9:58pm
Two important Mark Douglas Clips:

https://youtube.com/clip/UgkxzUUQ5kt...jktS3SeKl_2A1N

https://youtube.com/clip/Ugkx7enHs-l...safjupkHC-4lcN
Life itself is a privilege, but to live life to the fullest is a choice
1 trader viewing now