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The PriceBob Strategy

  • #721
  • May 2, 2025 8:31am May 2, 2025 8:31am
Plain old "Mebob" for today:
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every Saint has a past. Every Sinner has a Future
  • #722
  • May 2, 2025 8:32am May 2, 2025 8:32am
And...............:

Have a good one.
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every Saint has a past. Every Sinner has a Future
  • #723
  • May 6, 2025 2:09am May 6, 2025 2:09am
Late post, DAX 2 winners. I’m a conservative trader, probably too conservative lol. I need to work on that since I ‘m missing out.
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  • #724
  • May 6, 2025 2:17am May 6, 2025 2:17am
And this one. My love/hate relationship with SP500 made me come back. But I will trade SP on Tradingview only, to keep it seperate from my DAX reports in cTrader.
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  • #725
  • May 6, 2025 2:27am May 6, 2025 2:27am
Quoting BataviaTrade
And this one. My love/hate relationship with SP500 made me come back. But I will trade SP on Tradingview only, to keep it seperate from my DAX reports in cTrader. {image}
The SP500" morning Mebob" UK time
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every Saint has a past. Every Sinner has a Future
  • #726
  • May 6, 2025 2:33am May 6, 2025 2:33am
Quoting turnip15
{quote} The SP500" morning Mebob" UK time {image}
Just thought I would post two messy charts to show that brilliant trades don't materialise every day. What you do then is important for your mind and profitability. Messes me up sometimes.
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every Saint has a past. Every Sinner has a Future
  • #727
  • May 6, 2025 7:02am May 6, 2025 7:02am
Quoting BataviaTrade
Late post, DAX 2 winners. I’m a conservative trader, probably too conservative lol. I need to work on that since I ‘m missing out. {image} {image}
Hi kerel,
I came across this post (https://www.forexfactory.com/thread/...9#post15236449) yesterday and there were already quite a few hard hitting things in the interview before 50% of it was up (still to listen to the second half ;-))
Major takeaway .. stats are NOT in favour of home-runs.
Also, get your daily profit target, if more just risk the extra on an extra trade increasing your risk. This esp. will make things interesting.

So, nothing wrong with being conservative esp. when you are raking in the ++s.

Cheers
  • #728
  • May 6, 2025 8:26am May 6, 2025 8:26am
Hope everyone is well.. will be back at the trading desk tomorrow morning

Cheers
Blue
Markets are Mirrors,,Mastery of craft is mastery of self
  • #729
  • May 6, 2025 9:21am May 6, 2025 9:21am
SP500 "Mebob" roundup from UK
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every Saint has a past. Every Sinner has a Future
  • #730
  • May 7, 2025 12:16pm May 7, 2025 12:16pm
Today Trades
DAX: losing trade
ES: losing trade
Maybe because of the FOMC Statements? I know some traders do not trade on those days.
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  • #731
  • May 7, 2025 12:17pm May 7, 2025 12:17pm
Quoting turnip15
{quote} The SP500" morning Mebob" UK time {image}
So you basically trade SP after London open? Interesting. And well done.
  • #732
  • May 7, 2025 12:26pm May 7, 2025 12:26pm
Quoting forex-nl
{quote} Hi kerel, I came across this post (https://www.forexfactory.com/thread/...9#post15236449) yesterday and there were already quite a few hard hitting things in the interview before 50% of it was up (still to listen to the second half ;-)) Major takeaway .. stats are NOT in favour of home-runs. Also, get your daily profit target, if more just risk the extra on an extra trade increasing your risk. This esp. will make things interesting. So, nothing wrong with being conservative esp. when you are raking in the ++s. Cheers
Hi, thanks! That's valuable. Good to know I'm not on my own, and there's not much wrong with my conservative targets. Yes, I am happy with the relatively small profits. So probably best to keep it as it is. I'm aiming for next support/resistance level as target, or 2x SL (whatever comes first), but even that is sometimes hard. But the profit factor of this quite good in my experience.
  • #733
  • May 7, 2025 3:52pm May 7, 2025 3:52pm
Quoting BataviaTrade
Today Trades DAX: losing trade ES: losing trade Maybe because of the FOMC Statements? I know some traders do not trade on those days.
I have another few weeks before I'll be back to trading on a daily or near daily basis. However, my worst days historically have been FOMC days and generally I don't trade those days any longer.

Your discipline is inspiring, BT!
Life itself is a privilege, but to live life to the fullest is a choice
  • #734
  • May 7, 2025 5:16pm May 7, 2025 5:16pm
Quoting vidvad
{quote} I have another few weeks before I'll be back to trading on a daily or near daily basis. However, my worst days historically have been FOMC days and generally I don't trade those days any longer. Your discipline is inspiring, BT!
5 Min TF Dow Futures

vidvad, no excuses maaaaan..volatility is the name of this game, it was a good trading today. Just sharing, but without numbers

P.S. Get back to business at hand, i.e. trading
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  • #735
  • May 8, 2025 1:22am May 8, 2025 1:22am
Today trades
DAX: winner, 66 pips
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  • #736
  • May 8, 2025 10:21am May 8, 2025 10:21am
Quoting BataviaTrade
Today trades DAX: winner, 66 pips {image}
I managed two losing sp500 trades today
every Saint has a past. Every Sinner has a Future
  • #737
  • Edited 5:31pm May 8, 2025 11:59am | Edited 5:31pm
I do have a question about losing trades. While vidvad is busy, I am trying to keep thread running.

After how many losing trades, you(anyone who reads this and would like to answer) will decide that techniques that you are trading with, has no edge?

I know some will think that it is not about trades but about percentage of equity you losing on each loosing trade, but it most likely when losses occur multiple trades this % does not matter.

If technique loses 3,5,6,10 trades in the row will you trade again or will you stop and go back to spinwheel, i . e. researching?

P.S. My answer(been trading live successfully for the last 4 years): If "system" takes 5 losing trades in a row, it is time to start reevaluating WTF is going on?
  • #738
  • May 8, 2025 3:16pm May 8, 2025 3:16pm
Quoting driven18
I do have a question about losing trades. While vidvad is busy, I am trying to keep the thread running. After how many losing trades, you(anyone who reads this and would like to answer) will decide that techniques that you are trading with, has no edge? I know some will think that it is not about trades but about percentage of equity you losing on each loosing trade, but it most likely when losses occur multiple trades this % does not matter. If technique loses 3,5,6,10 trades in the row will you trade again or will you stop and go back to spinwheel,...
This question is actual genius. Not just of this thread, but all of trading strategies. Nobody ever talks about expectation. Probability is one thing, and you can manage trades that way, expectation is another. There is a good team on this thread, looking forward to their view.
  • #739
  • May 8, 2025 7:14pm May 8, 2025 7:14pm
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  • #740
  • May 9, 2025 1:15am May 9, 2025 1:15am
Quoting driven18
I do have a question about losing trades. While vidvad is busy, I am trying to keep thread running. After how many losing trades, you(anyone who reads this and would like to answer) will decide that techniques that you are trading with, has no edge? I know some will think that it is not about trades but about percentage of equity you losing on each loosing trade, but it most likely when losses occur multiple trades this % does not matter. If technique loses 3,5,6,10 trades in the row will you trade again or will you stop and go back to spinwheel,...
I ran backtest of Mebob strategy and sure it has some kind of edge... But it need some sort of filter for entries, I tried different variants 1:1 risk reward 1:1.25 ect..., ATR based stop loss, range based stop loss, one trade per Mebob, two trade in opposite direction, even with double size second entry like Tom Houggard mentioned and? results in loooong term 4 years barely breakeven, some variants profit like 10k on 100k acc in 4 years or even minus, I think strategy can be traded profitable but it need some filter or extra confirmation as if you will just blindly enter every single trade you will end up with making some pennies or even losing money.

Sharing it as it may be helpful for someone.

Best regards,
Oscar
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