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  • #1,161
  • Jul 6, 2025 1:40pm Jul 6, 2025 1:40pm
Quoting vidvad
{quote} He's doing just fine as he's bee3n doing it. I'd keep my mouth shut and let him share as he sees fit.
Naaaaah, I think it is good lesson and the learning process will be twice as fast. It is my recommendation.

Damn, vidvad, getting testy, you also will be alright, few more years...
  • #1,162
  • Jul 6, 2025 2:11pm Jul 6, 2025 2:11pm
Quoting driven18
{quote} Naaaaah, I think it is good lesson and the learning process will be twice as fast. It is my recommendation. Damn, vidvad, getting testy, you also will be alright, few more years...

There has never in the history of trading has someone become a consistently profitable trader by publishing his or her results along the way.

He's doing fine as he is.

I'm not getting testy. I'm just making sure to counter your ego-driven posts with my more thoughtful awareness so others know there is a right way to do this and your way.
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,163
  • Jul 6, 2025 2:36pm Jul 6, 2025 2:36pm
Quoting vidvad
{quote} There has never in the history of trading has someone become a consistently profitable trader by publishing his or her results along the way. He's doing fine as he is. I'm not getting testy. I'm just making sure to counter your ego-driven posts with my more thoughtful awareness so others know there is a right way to do this and your way.
and my way...a song came up in my head..I will publish it. (I like this rendition)

Inserted Video
  • #1,164
  • Jul 6, 2025 2:56pm Jul 6, 2025 2:56pm
Quoting driven18
{quote} and my way...a song came up in my head..I will publish it.
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Life itself is a privilege, but to live life to the fullest is a choice
  • #1,165
  • Edited 4:01pm Jul 6, 2025 3:26pm | Edited 4:01pm
Quoting vidvad
{quote} {image}
I know what you mean, but I wowed to never do this on FF - you can not turn around 95% of losing traders, who come here, to FF, looking for indicators to enter, no matter how hard I tried to explain that entry is irrelevant...but many still appreciate and read my posts.
  • #1,166
  • Jul 6, 2025 4:02pm Jul 6, 2025 4:02pm
A fixed bar trading plan is one in which trade direction, entry trigger, risk, and take profit all
are derived from the range of a time-defined reference bar.

For example, the Mebob trading plan uses the specific five-minute bar that opens at 10:05 AM
NYC and closes at 10:10 AM NYC. THAT is the reference bar EVERY day. The Mebob bar is not
open to interpretation. If you think you are trading a Mebob-like method, but your reference bar
floats throughout your trading window from day to day, you are NOT trading a fixed bar,
Mebob-like trading plan.

If you are trading a method where the time of the bar you use as your refence changes from
session to session, you are not trading a fixed bar method. You are trading momentum, or
support/resistance, or something else entirely. But you are NOT trading a fixed bar method
as such terminology is understood in this thread and indeed around the trading world. For
example, Opening Range Breakout methods are a fixed bar method. The time that one uses
to define the opening range isn't going to be 9:30 AM to 9:45 AM NYC one day, and then
define it as 10:15 AM to 10:30 AM the next.

It is the very nature of the fixed bar approach that makes this type of trading plan so well-suited
for the completion of Mark Douglas's 20 Trade Trading Exercise. It allows the trader to eliminate
completely any remaining remnants of discretion in the execution of his or her trading plan.
Life itself is a privilege, but to live life to the fullest is a choice
  • #1,167
  • Jul 7, 2025 12:58am Jul 7, 2025 12:58am
Hello everyone! Monday morning in Germany. Patiently waiting for a candle to close outside the MeBob reference bar.

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  • #1,168
  • Edited 1:31am Jul 7, 2025 1:20am | Edited 1:31am
I'm still not sure what the entry criteria should be (waiting for a M5 bar to close outside the reference bar vs. entering when the high/low is touched). Waiting for a close might lead to fewer „false“ breakouts, but the downside is in situations like this, when the price, with momentum, breaks the range significantly.

The risk of setting a stop loss at the other end of the reference bar seems too high to me compared to the potential profit. With a return of only 0.618:1 or even 1:1.

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  • #1,169
  • Jul 7, 2025 1:40am Jul 7, 2025 1:40am
DAX - 1 loss

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  • #1,170
  • Jul 7, 2025 2:24am Jul 7, 2025 2:24am
Dax 1 loser, 1 bigger winner
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  • #1,171
  • Jul 7, 2025 2:30am Jul 7, 2025 2:30am
Quoting BataviaTrade
Dax 1 loser, 1 bigger winner {image}
Can you please post a chart showing where/when you entered and according to which SL/TP criteria? Thanks!
  • #1,172
  • Jul 7, 2025 2:37am Jul 7, 2025 2:37am
Quoting Noisy
{quote} Can you please post a chart showing where/when you entered and according to which SL/TP criteria? Thanks!
for some reason my mobile ctrader doesn’t show the trades on the chart, I’m sorry. SL normally I put at low/high of the reference bar or box plus 2 pips. I read it somewhere in this thread.
  • #1,173
  • Jul 7, 2025 2:39am Jul 7, 2025 2:39am
Quoting Noisy
I'm still not sure what the entry criteria should be (waiting for a M5 bar to close outside the reference bar vs. entering when the high/low is touched). Waiting for a close might lead to fewer „false“ breakouts, but the downside is in situations like this, when the price, with momentum, breaks the range significantly. The risk of setting a stop loss at the other end of the reference bar seems too high to me compared to the potential profit. With a return of only 0.618:1 or even 1:1. {image}
FFS - Try 20 in a row and see how you get on. Keep a record like VIDVAD. Have you watched Vidvad's video. ? All you need is there so stop pontificating and start testing forward 20 trades and record them - Like Vidvad and others did. You will then find what suits you. Just do it or you will spend years thinking but not doing.
I do get the strong impression you fear being wrong. Test forward and note your stats.
every Saint has a past. Every Sinner has a Future
  • #1,174
  • Jul 7, 2025 2:40am Jul 7, 2025 2:40am
Quoting BataviaTrade
{quote} for some reason my mobile ctrader doesn’t show the trades on the chart, I’m sorry. SL would be rather low/high of the reference bar or box plus 2 pips.
And the reference bar is M5 09:35 GMT+2 or M15 09:00?

Entries on a close outside the range or touch?
  • #1,175
  • Edited 2:59am Jul 7, 2025 2:40am | Edited 2:59am
Quoting vidvad
A fixed bar trading plan is one in which trade direction, entry trigger, risk, and take profit all are derived from the range of a time-defined reference bar. For example, the Mebob trading plan uses the specific five-minute bar that opens at 10:05 AM NYC and closes at 10:10 AM NYC. THAT is the reference bar EVERY day. The Mebob bar is not open to interpretation. If you think you are trading a Mebob-like method, but your reference bar floats throughout your trading window from day to day, you are NOT trading a fixed bar, Mebob-like trading plan....
well said vidvad, btw I’m up 10% since the start. Thanks a bunch.

bt
  • #1,176
  • Jul 7, 2025 2:48am Jul 7, 2025 2:48am
Quoting Noisy
{quote} And the reference bar is M5 09:35 GMT+2 or M15 09:00? Entries on a close outside the range or touch?
935-940. Close outside.
  • #1,177
  • Jul 7, 2025 3:16am Jul 7, 2025 3:16am
Quoting turnip15
{quote} FFS - Try 20 in a row and see how you get on. Keep a record like VIDVAD. Have you watched Vidvad's video. ? All you need is there so stop pontificating and start testing forward 20 trades and record them - Like Vidvad and others did. You will then find what suits you. Just do it or you will spend years thinking but not doing. I do get the strong impression you fear being wrong. Test forward and note your stats.
Yes, I'm in the process. Yes, I watched the videos.

My current plan (which remains the same for 20 days):

Max. 2 orders per day/market
Entry: M5 Candle close above/below the range
SL: 2 Points above/below the reference bar
TP: 1R

My results so far:

DAX | reference bar: M5 09:35 GMT+2

03/07/25: #1 BUY (-1R), 2# SELL (+1R)
04/07/25: #1 SELL (+1R)
07/07/25: #1 SELL (-1R), #2 BUY (+1R)

Total: +1R (does not include the spread/commission)

S&P 500 | reference bar: M5 16:05 GMT+2

03/07/25: #1 BUY (+1R)
04/07/25: #1 BUY (+1R)

Total: +2R (does not include the spread/commission)
  • #1,178
  • Jul 7, 2025 3:18am Jul 7, 2025 3:18am
Quoting BataviaTrade
{quote} well said vidvad, btw I’m up 10% since the start. Thanks a bunch. bt
Only for the DAX?

Did you use the same reference bar and candle close and SL/TP criteria from the beginning, or did you make adjustments along the way?
  • #1,179
  • Jul 7, 2025 3:48am Jul 7, 2025 3:48am
Time for a break !
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every Saint has a past. Every Sinner has a Future
  • #1,180
  • Edited 4:46am Jul 7, 2025 4:25am | Edited 4:46am
Quoting Noisy
I'm still not sure what the entry criteria should be (waiting for a M5 bar to close outside the reference bar vs. entering when the high/low is touched). Waiting for a close might lead to fewer „false“ breakouts, but the downside is in situations like this, when the price, with momentum, breaks the range significantly. The risk of setting a stop loss at the other end of the reference bar seems too high to me compared to the potential profit. With a return of only 0.618:1 or even 1:1. {image}
To be honest, you're not ready for the exercise.

You need to write your trading plan out, identify and eliminate any avenues by which discretion may enter into your execution, and eliminate them before proceeding with the exercise.

Uncertainty and doubt are the two main boulevards on which discretion travels on its way to induce you to commit trading errors and make bad decisions.

The fact that you are at all worried about "false" breakouts further shows that you are at this time not ready to benefit from the exercise. Worry about "false" breakouts is worry about the outcome of individual trades. You are not yet ready to focus on the process. You are committed to the outcomes, which is trading is the same as death.
Life itself is a privilege, but to live life to the fullest is a choice
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