The PriceBob Strategy

Quoting vidvad

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{quote} And that is the true Pricebobber spirit! Kudos, Belgrath! What these fly-by-night Compter generated back testers miss is that almost any bar around a market's opening hours can have a positive edge if you add entry rules and money management appropriate for the bar interval and the market.

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Quoting OAPDave

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{quote} Vidvad Picking up on your post My interest lies in trading with ADR So just had a look at the first 5 min bar of each new hour Reason being we after make a Daily range (money never sleeps) Think the chart says what I am looking at and as we all trade from different time zones some hours will be better than other in the quest to expand the Daily Range ps Just an observation {image} {image}

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Quoting vidvad

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{quote} OAPDave this is exactly the type of thinking I like to see here. This is exactly the type of idea generation that sparks my own. I especially like that the hourly range is marked as well as the opening M5 range of each hour. Good share, great observation ... thank you!

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Quoting OAPDave

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{quote} Vidvad Picking up on your post My interest lies in trading with ADR So just had a look at the first 5 min bar of each new hour Reason being we after make a Daily range (money never sleeps) Think the chart says what I am looking at and as we all trade from different time zones some hours will be better than other in the quest to expand the Daily Range ps Just an observation {image} {image}

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Quoting Belgrath

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{quote} I use the 8:00 AM EST bar as my mebob. Then I wait for a 15M bar to close above or below the range and take the trade. So to answer you question it isn't. I was trying to find a bar that fit my lifestyle and this did the trick

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Quoting giga

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Today trade DAX: 1 (short), winner {image}

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Quoting BataviaTrade

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{quote} Well done! Is this this ORB methode? 15 min opening candle break out?

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Quoting Belgrath

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I love the energy in this thread! Let's keep it going

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Quoting OAPDave

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{quote} Slightly off topic but you are one of a few guys That run with an OPEN MIND but if I am going too far I will delete {image} {image}

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Quoting OAPDave

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{quote} Slightly off topic but you are one of a few guys That run with an OPEN MIND but if I am going too far I will delete {image} {image}

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Quoting driven18

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{quote} I would say, good ideas for newbies, but you have been here for the last 10 years...all of your drawing are TMI, i.e. confusion in the brain. Per vidvad, structure is simple, pick a bar, enter on high/low...if it go's your way, stay in it with smart MM for the longest haul possible, exit if it stops out. This is it for this technique. I have to tell you all, the technique is very workable and i am test trading it on live account with micro lots for now, you must pick a "right" bar, use smart MM and control MindF*ck. That is it.

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Quoting vidvad

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{quote} I think any talk, study, and use of the average daily range is 100% apropos for this method. As we are trading fixed bars inside the daily and weekly bars, (which is why I Myself continue to trade in reference to yesterday's high, low, and close, today's open, and last week's high and low). Also, I am a student of LauraT's roadmap method, and she did a thing or two with the ADR as well. I, myself, have not used ADR much. However, I have often looked at the average range of whatever bar interval I am primarily trading, similarly to the manner...

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Quoting OAPDave

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{quote} No problem I said it was a little off topic Completely understand your point of view

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Quoting turnip15

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Whilst waiting on "Bob" the dog is sitting there staring at me and whining. I have to go and get the ball and throw it down the corridor whilst keeping an eye on charts !! Dax -had a long which was immediately kicked out by my stop halfway down Bobs box but got back in for a decent long Anyway..... {image}

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